Lake Victoria Mining
Victoria Lake Inc. does not have significant operations. Previously, it was involved in the acquisition, exploration, evaluation, and development of gold properties in Tanzania. The company was formerly known as Lake Victoria Mining Company, Inc. and changed its name to Victoria Lake Inc. in March 2022. Victoria Lake Inc. was incorporated in 2006 and is based in Salt Lake City, Utah. Victoria Lak… Read more
Lake Victoria Mining (LVCA) - Net Assets
Latest net assets as of June 2015: $-1.52 Million USD
Based on the latest financial reports, Lake Victoria Mining (LVCA) has net assets worth $-1.52 Million USD as of June 2015.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($321.52K) and total liabilities ($1.84 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 | $-1.52 Million |
| % of Total Assets | -471.38% |
| Annual Growth Rate | N/A |
| 5-Year Change | -163.71% |
| 10-Year Change | N/A |
| Growth Volatility | 299.79 |
Lake Victoria Mining - Net Assets Trend (2007–2015)
This chart illustrates how Lake Victoria Mining's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lake Victoria Mining (2007–2015)
The table below shows the annual net assets of Lake Victoria Mining from 2007 to 2015.
| Year | Net Assets | Change |
|---|---|---|
| 2015-03-31 | $-1.41 Million | -18.92% |
| 2014-03-31 | $-1.19 Million | -391.68% |
| 2013-03-31 | $-241.20K | -122.91% |
| 2012-03-31 | $1.05 Million | -52.44% |
| 2011-03-31 | $2.21 Million | +231.06% |
| 2010-03-31 | $668.61K | +402.02% |
| 2009-03-31 | $-221.38K | -602.50% |
| 2008-03-31 | $44.06K | +248.24% |
| 2007-03-31 | $-29.72K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lake Victoria Mining'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 1899121300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2020)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.67K | % |
| Other Comprehensive Income | $-1.67K | % |
| Other Components | $19.01 Million | % |
| Total Equity | $-9.47K | 100.00% |
Lake Victoria Mining Competitors by Market Cap
The table below lists competitors of Lake Victoria Mining ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Drug Free Solution Inc
PINK:DSOL
|
$1.87 |
|
Oasis Hotel Resort & Casino I
PINK:OHTR
|
$1.87 |
|
FNDS3000 Corp
PINK:FDTC
|
$1.87 |
|
MHHC Enterprises Inc
OTCQB:MHHC
|
$1.87 |
|
Benchmark Energy Corporation
PINK:GPLL
|
$1.86 |
|
Pervasip Corp
PINK:PVSP
|
$1.86 |
|
Microart Inc
OTCGREY:MCRT
|
$1.86 |
|
Aquagold International Inc
PINK:AQUI
|
$1.86 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lake Victoria Mining's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2019 to 2020, total equity changed from -9,349 to -9,468, a change of -119.
- Net loss of 119 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2019 to 2020)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-119.00 | -1.26% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Lake Victoria Mining'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 |
|---|---|---|---|
| 2007-03-31 | $0.00 | $0.00 | x |
| 2008-03-31 | $0.01 | $0.00 | x |
| 2009-03-31 | $-0.01 | $0.00 | x |
| 2010-03-31 | $0.01 | $0.00 | x |
| 2011-03-31 | $0.03 | $0.00 | x |
| 2012-03-31 | $0.01 | $0.00 | x |
| 2013-03-31 | $0.00 | $0.00 | x |
| 2014-03-31 | $-0.01 | $0.00 | x |
| 2015-03-31 | $-0.01 | $0.00 | x |
| 2019-03-31 | $0.00 | $0.00 | x |
| 2020-03-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lake Victoria Mining 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 (-129.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-26.75K |
| 2008 | -60.21% | 0.00% | 0.00x | 2.31x | $-30.93K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.62 Million |
| 2010 | -913.38% | -759.76% | 0.52x | 2.33x | $-6.17 Million |
| 2011 | -226.84% | 0.00% | 0.00x | 1.43x | $-5.24 Million |
| 2012 | -226.56% | 0.00% | 0.00x | 1.21x | $-2.49 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.92 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-826.41K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.35 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.68K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $827.80 |
Industry Comparison
This section compares Lake Victoria Mining's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lake Victoria Mining (LVCA) | $-1.52 Million | 0.00% | N/A | $1.87 |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |