Velox Energy Materials Inc.
Velox Energy Materials Inc., an exploration stage company, explores for energy material properties. It focuses on North Queensland Vanadium Project located in Queensland, Australia. The company was formerly known as Currie Rose Resources Inc. and changed its name to Velox Energy Materials Inc. in October 2023. Velox Energy Materials Inc. was incorporated in 1973 and is headquartered in Vancouver,… Read more
Velox Energy Materials Inc. (CUIRD) - Net Assets
Latest net assets as of June 2024: $6.48 Million USD
Based on the latest financial reports, Velox Energy Materials Inc. (CUIRD) has net assets worth $6.48 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.78 Million) and total liabilities ($300.82K). 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 | $6.48 Million |
| % of Total Assets | 95.56% |
| Annual Growth Rate | 90.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 131.37 |
Velox Energy Materials Inc. - Net Assets Trend (2020–2023)
This chart illustrates how Velox Energy Materials 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 Velox Energy Materials Inc. (2020–2023)
The table below shows the annual net assets of Velox Energy Materials Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $7.16 Million | +133.21% |
| 2022-12-31 | $3.07 Million | +1106.10% |
| 2021-12-31 | $-305.13K | -129.54% |
| 2020-12-31 | $1.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Velox Energy Materials 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 415868600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $28.30 Million | 395.34% |
| Total Equity | $7.16 Million | 100.00% |
Velox Energy Materials Inc. Competitors by Market Cap
The table below lists competitors of Velox Energy Materials Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OLP Modaraba
KAR:OLPM
|
$776.18 |
|
Hydract AS
CO:HYDRCT
|
$776.57 |
|
Trilogy AI Corp.
OTCQB:TRAID
|
$778.08 |
|
SUNSET COVE MNG
BE:9SC
|
$780.13 |
|
Adia Nutrition Inc
PINK:ADIA
|
$774.64 |
|
Lipari Mining Ltd
NEO:LML
|
$774.61 |
|
Contact Financial Holding
EGX:CNFN
|
$773.41 |
|
SUN CENTURY GRP
BE:ZYZN
|
$773.08 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Velox Energy Materials Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,069,950 to 7,159,525, a change of 4,089,575 (133.2%).
- Net loss of 1,511,064 reduced equity.
- New share issuances of 1,415,080 increased equity.
- Other factors increased equity by 4,185,559.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.51 Million | -21.11% |
| Share Issuances | $1.42 Million | +19.76% |
| Other Changes | $4.19 Million | +58.46% |
| Total Change | $- | 133.21% |
Book Value vs Market Value Analysis
This analysis compares Velox Energy Materials 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
- Current price-to-book ratio: 2.84x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.24x to 2.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.02 | $0.08 | x |
| 2021-12-31 | $-0.01 | $0.08 | x |
| 2022-12-31 | $0.02 | $0.08 | x |
| 2023-12-31 | $0.03 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Velox Energy Materials 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): -21.11%
- 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: 1.03x
- Recent ROE (-21.11%) is above the historical average (-21.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -41.86% | 0.00% | 0.00x | 1.72x | $-535.74K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.91 Million |
| 2022 | -22.95% | 0.00% | 0.00x | 1.10x | $-1.01 Million |
| 2023 | -21.11% | 0.00% | 0.00x | 1.03x | $-2.23 Million |
Industry Comparison
This section compares Velox Energy Materials 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 |
|---|---|---|---|---|
| Velox Energy Materials Inc. (CUIRD) | $6.48 Million | -41.86% | 0.05x | $774.72 |
| 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 |