Goldspot Discoveries Corp
EarthLabs Inc. operates as a mining investment, technology, and media company in Canada. It provides CEO.CA, a social network for investors and traders in junior resource and venture stocks with online and mobile functionality; DigiGeoAtlas platform, a software-based GIS interactive mapping interface alongside its DigiGeoMaps distribution business; DigiGeoData, a software-based interactive mappin… Read more
Goldspot Discoveries Corp (SPOFF) - Net Assets
Latest net assets as of September 2025: $63.78 Million USD
Based on the latest financial reports, Goldspot Discoveries Corp (SPOFF) has net assets worth $63.78 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($75.18 Million) and total liabilities ($11.40 Million). 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 | $63.78 Million |
| % of Total Assets | 84.84% |
| Annual Growth Rate | 77.36% |
| 5-Year Change | 105.68% |
| 10-Year Change | N/A |
| Growth Volatility | 382.38 |
Goldspot Discoveries Corp - Net Assets Trend (2016–2024)
This chart illustrates how Goldspot Discoveries 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 Goldspot Discoveries Corp (2016–2024)
The table below shows the annual net assets of Goldspot Discoveries Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $37.83 Million | -13.37% |
| 2023-12-31 | $43.66 Million | -24.85% |
| 2022-12-31 | $58.10 Million | -4.79% |
| 2021-12-31 | $61.02 Million | +231.81% |
| 2020-12-31 | $18.39 Million | +144.88% |
| 2019-12-31 | $7.51 Million | +1129.20% |
| 2017-12-31 | $610.96K | +58.18% |
| 2016-12-31 | $386.25K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Goldspot Discoveries 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 1474250800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $52.58 Million | 139.00% |
| Total Equity | $37.83 Million | 100.00% |
Goldspot Discoveries Corp Competitors by Market Cap
The table below lists competitors of Goldspot Discoveries Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GFM Services Bhd
KLSE:0039
|
$11.19 Million |
|
LITIUM AB SK1
F:5TW
|
$11.19 Million |
|
SURGEPAYS INC. DL-001
F:9B90
|
$11.19 Million |
|
Big Ridge Gold Corp
OTCQB:ALVLF
|
$11.20 Million |
|
Sinmah Capital Bhd
KLSE:9776
|
$11.19 Million |
|
STXYF
PINK:STXYF
|
$11.18 Million |
|
Treatment.Com International Inc
OTCQB:TREIF
|
$11.18 Million |
|
LSI Software S.A.
WAR:LSI
|
$11.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldspot Discoveries Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 43,661,633 to 37,825,135, a change of -5,836,498 (-13.4%).
- Net loss of 6,187,284 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.19 Million | -16.36% |
| Other Changes | $350.79K | +0.93% |
| Total Change | $- | -13.37% |
Book Value vs Market Value Analysis
This analysis compares Goldspot Discoveries 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: 0.39x
- 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.
- The price-to-book ratio has decreased from 1.65x to 0.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.06 | $0.11 | x |
| 2017-12-31 | $0.10 | $0.11 | x |
| 2019-12-31 | $0.08 | $0.11 | x |
| 2020-12-31 | $0.19 | $0.11 | x |
| 2021-12-31 | $0.46 | $0.11 | x |
| 2022-12-31 | $0.43 | $0.11 | x |
| 2023-12-31 | $0.32 | $0.11 | x |
| 2024-12-31 | $0.27 | $0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldspot Discoveries 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): -16.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -73.87%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.19x
- Recent ROE (-16.36%) is below the historical average (-8.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.94% | 0.00% | 0.00x | 1.07x | $-46.12K |
| 2017 | -14.20% | 0.00% | 0.00x | 1.05x | $-147.88K |
| 2019 | -62.44% | -158.44% | 0.29x | 1.37x | $-5.44 Million |
| 2020 | 56.67% | 59.37% | 0.74x | 1.30x | $8.54 Million |
| 2021 | 18.09% | 67.57% | 0.22x | 1.20x | $4.94 Million |
| 2022 | -11.78% | 0.00% | -0.10x | 1.09x | $-12.65 Million |
| 2023 | -38.07% | -861.02% | 0.04x | 1.13x | $-20.99 Million |
| 2024 | -16.36% | -73.87% | 0.19x | 1.19x | $-9.97 Million |
Industry Comparison
This section compares Goldspot Discoveries Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,400,467,175
- Average return on equity (ROE) among peers: 13.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldspot Discoveries Corp (SPOFF) | $63.78 Million | -1.94% | 0.18x | $11.19 Million |
| Accenture plc (ACN) | $8.19 Billion | 50.21% | 1.52x | $121.95 Billion |
| adesso SE (ADSGF) | $34.37 Million | 11.38% | 1.03x | $184.00 Million |
| Atlantic Energy Solutions Inc (AESO) | $1.19 Million | 45.06% | 4.65x | $69.73 |
| Atos SE (AEXAF) | $784.10 Million | 9.03% | 2.64x | $64.82K |
| AGILQ (AGILQ) | $79.87 Million | -25.27% | 1.69x | $5.00K |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $59.69 Million |
| Amadeus IT Group S.A (AMADF) | $2.65 Billion | 37.85% | 1.98x | $28.16 Billion |
| Amadeus IT Holding SA PK (AMADY) | $2.30 Billion | 29.77% | 2.05x | $24.80 Billion |
| Applied Digital Corporation (APLD) | $-2.53K | 0.00% | 0.00x | $6.50 Billion |
| Amper S.A. (APMRF) | $-57.50 Million | 0.00% | 0.00x | $216.95 Million |