Rover Metals Corp
Rover Critical Minerals Corp., a junior mining company, engages in the acquisition, exploitation, exploration, evaluation, and development of mineral properties in North America. It primarily explores for lithium, gold, silver, and copper deposits. The company holds 100% interests in the Cabin Gold project, a gold-in-iron formation property covering an area of approximately 1,503 hectares located… Read more
Rover Metals Corp (ROVMF) - Net Assets
Latest net assets as of September 2024: $4.53 Million USD
Based on the latest financial reports, Rover Metals Corp (ROVMF) has net assets worth $4.53 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.24 Million) and total liabilities ($709.26K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.53 Million |
| % of Total Assets | 86.48% |
| Annual Growth Rate | 64.3% |
| 5-Year Change | 458.08% |
| 10-Year Change | N/A |
| Growth Volatility | 443.98 |
Rover Metals Corp - Net Assets Trend (2016–2023)
This chart illustrates how Rover Metals Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rover Metals Corp (2016–2023)
The table below shows the annual net assets of Rover Metals Corp from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $4.47 Million | -5.85% |
| 2022-12-31 | $4.75 Million | +27.97% |
| 2021-12-31 | $3.71 Million | +160.45% |
| 2020-12-31 | $1.43 Million | +77.85% |
| 2019-12-31 | $801.80K | -33.10% |
| 2018-12-31 | $1.20 Million | +1286.92% |
| 2017-12-31 | $86.41K | -37.66% |
| 2016-12-31 | $138.61K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rover Metals Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 709697700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $11.77 Million | 263.08% |
| Total Equity | $4.47 Million | 100.00% |
Rover Metals Corp Competitors by Market Cap
The table below lists competitors of Rover Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WAYSIDE TECH GRP
MU:PYA
|
$708.49K |
|
Crona Corp.
PINK:CCCP
|
$708.75K |
|
ORMONDE MINING EO-01
F:ORQ1
|
$709.28K |
|
SMC Entertainment Inc
PINK:SMCE
|
$709.38K |
|
Equity Story Group Ltd
AU:EQS
|
$708.17K |
|
Arqit Quantum Inc. Warrants
NASDAQ:ARQQW
|
$707.87K |
|
SQZ Biotechnologies Company
PINK:SQZB
|
$707.79K |
|
Astron Paper & Board Mill Limited
NSE:ASTRON
|
$707.44K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rover Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,752,820 to 4,474,678, a change of -278,142 (-5.9%).
- Net loss of 1,944,359 reduced equity.
- New share issuances of 1,095,699 increased equity.
- Other factors increased equity by 570,518.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.94 Million | -43.45% |
| Share Issuances | $1.10 Million | +24.49% |
| Other Changes | $570.52K | +12.75% |
| Total Change | $- | -5.85% |
Book Value vs Market Value Analysis
This analysis compares Rover Metals Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.21x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.00 | $0.02 | x |
| 2017-12-31 | $0.02 | $0.02 | x |
| 2018-12-31 | $0.03 | $0.02 | x |
| 2019-12-31 | $0.02 | $0.02 | x |
| 2020-12-31 | $0.02 | $0.02 | x |
| 2021-12-31 | $0.03 | $0.02 | x |
| 2022-12-31 | $0.14 | $0.02 | x |
| 2023-12-31 | $0.09 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rover Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -43.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.14x
- Recent ROE (-43.45%) is above the historical average (-77.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -184.84% | 0.00% | 0.00x | 1.00x | $-19.65K |
| 2016 | -32.42% | 0.00% | 0.00x | 1.01x | $-58.80K |
| 2017 | -60.40% | 0.00% | 0.00x | 1.09x | $-60.84K |
| 2018 | -143.34% | 0.00% | 0.00x | 1.18x | $-1.84 Million |
| 2019 | -97.14% | 0.00% | 0.00x | 1.31x | $-859.03K |
| 2020 | -56.90% | 0.00% | 0.00x | 1.34x | $-953.95K |
| 2021 | -45.11% | 0.00% | 0.00x | 1.19x | $-2.05 Million |
| 2022 | -31.53% | 0.00% | 0.00x | 1.07x | $-1.97 Million |
| 2023 | -43.45% | 0.00% | 0.00x | 1.14x | $-2.39 Million |
Industry Comparison
This section compares Rover Metals Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rover Metals Corp (ROVMF) | $4.53 Million | -184.84% | 0.16x | $708.42K |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |