Avarone Metals Inc
Avarone Metals Inc., an exploration stage company, focuses on the acquisition, exploration, and development of resource properties in Canada. The company was formerly known as Remstar Resources Ltd. and changed its name to Avarone Metals Inc. in January 2014. Avarone Metals Inc. was incorporated in 1993 and is headquartered in Vancouver, Canada.
Avarone Metals Inc (AVRTF) - Net Assets
Latest net assets as of April 2025: $-1.90 Million USD
Based on the latest financial reports, Avarone Metals Inc (AVRTF) has net assets worth $-1.90 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.46K) and total liabilities ($1.91 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 | $-1.90 Million |
| % of Total Assets | -54930.41% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -3314.4% |
| Growth Volatility | 1814.38 |
Avarone Metals Inc - Net Assets Trend (2001–2024)
This chart illustrates how Avarone Metals Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Avarone Metals Inc (2001–2024)
The table below shows the annual net assets of Avarone Metals Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | $-1.80 Million | -34.53% |
| 2023-07-31 | $-1.34 Million | -12.25% |
| 2022-07-31 | $-1.19 Million | -20.10% |
| 2021-07-31 | $-991.84K | -23.59% |
| 2020-07-31 | $-802.55K | -31.15% |
| 2019-07-31 | $-611.94K | -17.80% |
| 2018-07-31 | $-519.49K | -33.29% |
| 2017-07-31 | $-389.74K | -159.88% |
| 2016-07-31 | $-149.97K | -368.00% |
| 2015-07-31 | $55.96K | +116.38% |
| 2014-07-31 | $-341.68K | -361.41% |
| 2013-07-31 | $-74.05K | -273.37% |
| 2012-07-31 | $-19.83K | -102.95% |
| 2011-07-31 | $673.34K | -7.28% |
| 2010-07-31 | $726.17K | +40.31% |
| 2009-07-31 | $517.53K | -70.11% |
| 2008-07-31 | $1.73 Million | -36.92% |
| 2007-07-31 | $2.75 Million | +131.93% |
| 2006-07-31 | $1.18 Million | +6228.66% |
| 2005-07-31 | $18.70K | +735.08% |
| 2004-07-31 | $-2.94K | -137.26% |
| 2003-07-31 | $7.90K | -89.84% |
| 2002-07-31 | $77.76K | -52.92% |
| 2001-07-31 | $165.18K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Avarone Metals Inc'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 1495258100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.89 Million | % |
| Other Comprehensive Income | $791.14K | % |
| Total Equity | $-1.80 Million | 100.00% |
Avarone Metals Inc Competitors by Market Cap
The table below lists competitors of Avarone Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BHDV39
SA:BHDV39
|
$100.62K |
|
Perimeter Acquisition Corp. I
NASDAQ:PMTRU
|
$100.69K |
|
Sequoia Logística e Transportes S.A
SA:SEQL3
|
$100.74K |
|
Axiom Intelligence Acquisition Corp 1 Class A Ordinary Shares
NASDAQ:AXIN
|
$100.83K |
|
Trencor
JSE:TRE
|
$100.53K |
|
DENSO - Dusseldorf Stock Exchang
DU:DNO
|
$100.52K |
|
Lakeshore Acquisition III Corp. Unit
NASDAQ:LCCCU
|
$100.42K |
|
INDIA FD INC. DL-001
F:IDF
|
$100.41K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avarone Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,337,065 to -1,798,746, a change of -461,681.
- Net loss of 463,000 reduced equity.
- Other comprehensive income decreased equity by 72,190.
- Other factors increased equity by 73,509.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-463.00K | -25.74% |
| Other Comprehensive Income | $-72.19K | -4.01% |
| Other Changes | $73.51K | +4.09% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Avarone Metals Inc'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-07-31 | $0.04 | $0.00 | x |
| 2002-07-31 | $0.02 | $0.00 | x |
| 2003-07-31 | $0.00 | $0.00 | x |
| 2004-07-31 | $0.00 | $0.00 | x |
| 2005-07-31 | $0.00 | $0.00 | x |
| 2006-07-31 | $0.17 | $0.00 | x |
| 2007-07-31 | $0.15 | $0.00 | x |
| 2008-07-31 | $0.09 | $0.00 | x |
| 2009-07-31 | $0.03 | $0.00 | x |
| 2010-07-31 | $0.04 | $0.00 | x |
| 2011-07-31 | $0.03 | $0.00 | x |
| 2012-07-31 | $0.00 | $0.00 | x |
| 2013-07-31 | $0.00 | $0.00 | x |
| 2014-07-31 | $-0.01 | $0.00 | x |
| 2015-07-31 | $0.00 | $0.00 | x |
| 2016-07-31 | $0.00 | $0.00 | x |
| 2017-07-31 | $0.00 | $0.00 | x |
| 2018-07-31 | $-0.01 | $0.00 | x |
| 2019-07-31 | $-0.01 | $0.00 | x |
| 2020-07-31 | $-0.01 | $0.00 | x |
| 2021-07-31 | $-0.01 | $0.00 | x |
| 2022-07-31 | $-0.01 | $0.00 | x |
| 2023-07-31 | $-0.01 | $0.00 | x |
| 2024-07-31 | $-0.02 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avarone Metals Inc 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): 0.00%
- 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: 0.00x
- Recent ROE (0.00%) is above the historical average (-93.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -54.06% | 0.00% | 0.00x | 1.17x | $-105.81K |
| 2002 | -112.42% | -397350.00% | 0.00x | 1.81x | $-95.19K |
| 2003 | -883.94% | 0.00% | 0.00x | 8.09x | $-70.65K |
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $-10.55K |
| 2005 | -487.76% | 0.00% | 0.00x | 4.36x | $-93.10K |
| 2006 | -35.99% | 0.00% | 0.00x | 1.13x | $-544.37K |
| 2007 | -226.43% | 0.00% | 0.00x | 1.02x | $-6.49 Million |
| 2008 | -108.22% | 0.00% | 0.00x | 1.32x | $-2.05 Million |
| 2009 | -290.03% | 0.00% | 0.00x | 3.24x | $-1.55 Million |
| 2010 | -76.22% | 0.00% | 0.00x | 2.50x | $-626.10K |
| 2011 | 31.23% | 0.00% | 0.00x | 1.12x | $142.96K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-443.00K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-293.49K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.01 Million |
| 2015 | -8.47% | 0.00% | 0.00x | 4.79x | $-10.33K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.55 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-295.03K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-288.44K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-350.81K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-309.73K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-303.82K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-112.88K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-27.29K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-283.13K |
Industry Comparison
This section compares Avarone Metals Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avarone Metals Inc (AVRTF) | $-1.90 Million | -54.06% | N/A | $100.56K |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |