Bitterroot Resources Ltd
Bitterroot Resources Ltd., an exploration stage company, engages in the acquisition, development, exploration, and evaluation of mineral properties in the United States. It explores for nickel, copper, platinum, palladium, and gold deposits. The company holds a 100% interest in the LM property covering an area of 40 acres situated in Baraga County, Michigan; and the Nighthawk project comprising 2… Read more
Bitterroot Resources Ltd (BITTF) - Net Assets
Latest net assets as of April 2025: $4.69 Million USD
Based on the latest financial reports, Bitterroot Resources Ltd (BITTF) has net assets worth $4.69 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 ($5.31 Million) and total liabilities ($626.92K). 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 | $4.69 Million |
| % of Total Assets | 88.2% |
| Annual Growth Rate | 3.01% |
| 5-Year Change | 32.43% |
| 10-Year Change | 18.83% |
| Growth Volatility | 28.43 |
Bitterroot Resources Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Bitterroot Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bitterroot Resources Ltd (2000–2024)
The table below shows the annual net assets of Bitterroot Resources Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $5.35 Million | +2.45% |
| 2023-10-31 | $5.22 Million | -1.79% |
| 2022-10-31 | $5.32 Million | -13.67% |
| 2021-10-31 | $6.16 Million | +52.48% |
| 2020-10-31 | $4.04 Million | +9.10% |
| 2019-10-31 | $3.70 Million | -8.09% |
| 2018-10-31 | $4.03 Million | -38.61% |
| 2017-10-31 | $6.56 Million | +54.15% |
| 2016-10-31 | $4.26 Million | -5.45% |
| 2015-10-31 | $4.50 Million | +8.86% |
| 2014-10-31 | $4.14 Million | -22.07% |
| 2013-10-31 | $5.31 Million | -27.52% |
| 2012-10-31 | $7.32 Million | -33.25% |
| 2011-10-31 | $10.97 Million | -13.47% |
| 2010-10-31 | $12.68 Million | -15.89% |
| 2009-10-31 | $15.07 Million | +4.64% |
| 2008-10-31 | $14.40 Million | +8.42% |
| 2007-10-31 | $13.29 Million | +65.96% |
| 2006-10-31 | $8.00 Million | +54.11% |
| 2005-10-31 | $5.19 Million | +37.96% |
| 2004-10-31 | $3.77 Million | +34.56% |
| 2003-10-31 | $2.80 Million | -0.91% |
| 2002-10-31 | $2.82 Million | +5.12% |
| 2001-10-31 | $2.69 Million | +2.27% |
| 2000-10-31 | $2.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bitterroot Resources Ltd'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 2761135000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $30.69 Million | 573.56% |
| Other Comprehensive Income | $5.05 Million | 94.30% |
| Total Equity | $5.35 Million | 100.00% |
Bitterroot Resources Ltd Competitors by Market Cap
The table below lists competitors of Bitterroot Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solidx AB (publ)
F:6OK
|
$1.86 Million |
|
Spey Resources Corp
PINK:SPEYF
|
$1.87 Million |
|
Graphano Energy Ltd
PINK:GELEF
|
$1.87 Million |
|
Luokung Technology Corp
NASDAQ:LKCO
|
$1.87 Million |
|
PDZ Holdings Bhd
KLSE:6254
|
$1.86 Million |
|
Nakoda Group of Industries Limited
NSE:NGIL
|
$1.86 Million |
|
Clearside Biomedical Inc
NASDAQ:CLSD
|
$1.86 Million |
|
SUNRISE RESOURCES LS-001
F:S4D
|
$1.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bitterroot Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,222,865 to 5,350,573, a change of 127,708 (2.4%).
- Net loss of 226,000 reduced equity.
- New share issuances of 270,000 increased equity.
- Other comprehensive income increased equity by 102,374.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-226.00K | -4.22% |
| Share Issuances | $270.00K | +5.05% |
| Other Comprehensive Income | $102.37K | +1.91% |
| Other Changes | $-18.67K | -0.35% |
| Total Change | $- | 2.45% |
Book Value vs Market Value Analysis
This analysis compares Bitterroot Resources Ltd'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: 0.37x
- 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 increased from 0.01x to 0.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-10-31 | $1.64 | $0.02 | x |
| 2001-10-31 | $1.54 | $0.02 | x |
| 2002-10-31 | $1.42 | $0.02 | x |
| 2003-10-31 | $1.33 | $0.02 | x |
| 2004-10-31 | $1.45 | $0.02 | x |
| 2005-10-31 | $1.71 | $0.02 | x |
| 2006-10-31 | $2.07 | $0.02 | x |
| 2007-10-31 | $2.72 | $0.02 | x |
| 2008-10-31 | $2.55 | $0.02 | x |
| 2009-10-31 | $2.27 | $0.02 | x |
| 2010-10-31 | $1.69 | $0.02 | x |
| 2011-10-31 | $1.32 | $0.02 | x |
| 2012-10-31 | $0.68 | $0.02 | x |
| 2013-10-31 | $0.45 | $0.02 | x |
| 2014-10-31 | $0.32 | $0.02 | x |
| 2015-10-31 | $0.32 | $0.02 | x |
| 2016-10-31 | $0.21 | $0.02 | x |
| 2017-10-31 | $0.24 | $0.02 | x |
| 2018-10-31 | $0.11 | $0.02 | x |
| 2019-10-31 | $0.10 | $0.02 | x |
| 2020-10-31 | $0.09 | $0.02 | x |
| 2021-10-31 | $0.09 | $0.02 | x |
| 2022-10-31 | $0.06 | $0.02 | x |
| 2023-10-31 | $0.06 | $0.02 | x |
| 2024-10-31 | $0.05 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bitterroot Resources Ltd 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): -4.22%
- 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: 1.09x
- Recent ROE (-4.22%) is above the historical average (-18.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -3.85% | -21627.41% | 0.00x | 1.03x | $-363.64K |
| 2001 | -4.13% | 0.00% | 0.00x | 1.03x | $-379.61K |
| 2002 | -3.72% | 0.00% | 0.00x | 1.04x | $-387.37K |
| 2003 | -12.79% | 0.00% | 0.00x | 1.00x | $-637.81K |
| 2004 | -39.28% | 0.00% | 0.00x | 1.04x | $-1.86 Million |
| 2005 | -1.00% | 0.00% | 0.00x | 1.01x | $-571.59K |
| 2006 | -6.52% | 0.00% | 0.00x | 1.02x | $-1.32 Million |
| 2007 | -4.97% | 0.00% | 0.00x | 1.05x | $-1.99 Million |
| 2008 | -4.48% | 0.00% | 0.00x | 1.08x | $-2.09 Million |
| 2009 | -1.08% | 0.00% | 0.00x | 1.09x | $-1.67 Million |
| 2010 | -23.72% | 0.00% | 0.00x | 1.12x | $-4.27 Million |
| 2011 | -31.18% | 0.00% | 0.00x | 1.11x | $-4.52 Million |
| 2012 | -61.31% | 0.00% | 0.00x | 1.01x | $-5.22 Million |
| 2013 | -58.91% | 0.00% | 0.00x | 1.02x | $-3.66 Million |
| 2014 | -35.95% | 0.00% | 0.00x | 1.08x | $-1.90 Million |
| 2015 | -7.41% | 0.00% | 0.00x | 1.01x | $-784.14K |
| 2016 | -6.62% | 0.00% | 0.00x | 1.05x | $-707.39K |
| 2017 | -11.06% | 0.00% | 0.00x | 1.03x | $-1.38 Million |
| 2018 | -64.81% | 0.00% | 0.00x | 1.09x | $-3.01 Million |
| 2019 | -13.45% | 0.00% | 0.00x | 1.13x | $-868.28K |
| 2020 | 1.75% | 0.00% | 0.00x | 1.10x | $-333.41K |
| 2021 | -14.35% | 0.00% | 0.00x | 1.02x | $-1.50 Million |
| 2022 | -33.69% | 0.00% | 0.00x | 1.02x | $-2.32 Million |
| 2023 | -6.93% | 0.00% | 0.00x | 1.07x | $-884.29K |
| 2024 | -4.22% | 0.00% | 0.00x | 1.09x | $-761.06K |
Industry Comparison
This section compares Bitterroot Resources Ltd'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 |
|---|---|---|---|---|
| Bitterroot Resources Ltd (BITTF) | $4.69 Million | -3.85% | 0.13x | $1.86 Million |
| 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 |