GoldON Resources Ltd
Gold Finder Resources Ltd., an exploration stage company, engages in the exploration of mineral properties in Canada. The company primarily explores for gold and silver deposits. It holds interests in the West Madsen project located in the Red Lake Gold Camp; and the Slate Falls project located near Meen-Dempster Greenstone Belt within the Uchi Subprovince. The company also holds interest in the … Read more
GoldON Resources Ltd (NCMBF) - Net Assets
Latest net assets as of March 2025: $961.87K USD
Based on the latest financial reports, GoldON Resources Ltd (NCMBF) has net assets worth $961.87K USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.03 Million) and total liabilities ($63.45K). 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 | $961.87K |
| % of Total Assets | 93.81% |
| Annual Growth Rate | -6.34% |
| 5-Year Change | -89.62% |
| 10-Year Change | -75.84% |
| Growth Volatility | 185.74 |
GoldON Resources Ltd - Net Assets Trend (1997–2024)
This chart illustrates how GoldON 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 GoldON Resources Ltd (1997–2024)
The table below shows the annual net assets of GoldON Resources Ltd from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $287.63K | -59.10% |
| 2023-06-30 | $703.31K | -85.41% |
| 2022-06-30 | $4.82 Million | -17.32% |
| 2021-06-30 | $5.83 Million | +110.31% |
| 2020-06-30 | $2.77 Million | +146.69% |
| 2019-06-30 | $1.12 Million | +500.14% |
| 2018-06-30 | $187.24K | -53.89% |
| 2017-06-30 | $406.11K | -42.77% |
| 2016-06-30 | $709.65K | -40.39% |
| 2015-06-30 | $1.19 Million | -18.65% |
| 2014-06-30 | $1.46 Million | -52.23% |
| 2013-06-30 | $3.06 Million | -18.05% |
| 2012-06-30 | $3.74 Million | +21.65% |
| 2011-06-30 | $3.07 Million | +32.38% |
| 2010-06-30 | $2.32 Million | +61.47% |
| 2009-06-30 | $1.44 Million | -6.65% |
| 2008-06-30 | $1.54 Million | +58.69% |
| 2007-06-30 | $970.53K | +11.63% |
| 2006-06-30 | $869.42K | +230.53% |
| 2005-06-30 | $263.04K | -22.19% |
| 2004-06-30 | $338.06K | +126.74% |
| 2003-06-30 | $149.10K | +91.49% |
| 2002-06-30 | $77.86K | +795.40% |
| 2001-06-30 | $8.70K | -99.46% |
| 2000-06-30 | $1.60 Million | +6.04% |
| 1999-06-30 | $1.51 Million | -2.86% |
| 1998-06-30 | $1.55 Million | -8.03% |
| 1997-06-30 | $1.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GoldON 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 1998927000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $21.30 Million | 7406.93% |
| Other Comprehensive Income | $1.80 Million | 626.42% |
| Total Equity | $287.63K | 100.00% |
GoldON Resources Ltd Competitors by Market Cap
The table below lists competitors of GoldON Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIL Vyapar Limited
NSE:BILVYAPAR
|
$916.61K |
|
Arcadia Minerals Ltd
AU:AM7
|
$916.92K |
|
Site Group International Ltd
AU:SIT
|
$916.96K |
|
Maxcom SA
WAR:MXC
|
$917.36K |
|
Aerovate Therapeutics Inc
NASDAQ:AVTE
|
$916.13K |
|
Synergy Empire Limited
PINK:SHMY
|
$915.15K |
|
Nexion Group Ltd
AU:NNG
|
$914.14K |
|
Standard Supply A/S
OL:STSU
|
$912.72K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GoldON Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 703,307 to 287,633, a change of -415,674 (-59.1%).
- Net loss of 1,022,000 reduced equity.
- New share issuances of 400,000 increased equity.
- Other factors increased equity by 206,326.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.02 Million | -355.31% |
| Share Issuances | $400.00K | +139.07% |
| Other Changes | $206.33K | +71.73% |
| Total Change | $- | -59.10% |
Book Value vs Market Value Analysis
This analysis compares GoldON 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: 2.85x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 2.85x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-06-30 | $44.38 | $0.03 | x |
| 1998-06-30 | $40.33 | $0.03 | x |
| 1999-06-30 | $31.10 | $0.03 | x |
| 2000-06-30 | $22.62 | $0.03 | x |
| 2001-06-30 | $0.11 | $0.03 | x |
| 2002-06-30 | $0.90 | $0.03 | x |
| 2003-06-30 | $0.89 | $0.03 | x |
| 2004-06-30 | $1.45 | $0.03 | x |
| 2005-06-30 | $1.02 | $0.03 | x |
| 2006-06-30 | $2.34 | $0.03 | x |
| 2007-06-30 | $1.81 | $0.03 | x |
| 2008-06-30 | $1.89 | $0.03 | x |
| 2009-06-30 | $1.33 | $0.03 | x |
| 2010-06-30 | $1.14 | $0.03 | x |
| 2011-06-30 | $1.03 | $0.03 | x |
| 2012-06-30 | $0.99 | $0.03 | x |
| 2013-06-30 | $0.70 | $0.03 | x |
| 2014-06-30 | $0.28 | $0.03 | x |
| 2015-06-30 | $0.19 | $0.03 | x |
| 2016-06-30 | $0.08 | $0.03 | x |
| 2017-06-30 | $0.04 | $0.03 | x |
| 2018-06-30 | $0.02 | $0.03 | x |
| 2019-06-30 | $0.11 | $0.03 | x |
| 2020-06-30 | $0.18 | $0.03 | x |
| 2021-06-30 | $0.28 | $0.03 | x |
| 2022-06-30 | $0.19 | $0.03 | x |
| 2023-06-30 | $0.03 | $0.03 | x |
| 2024-06-30 | $0.01 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GoldON 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): -355.31%
- 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: 1.12x
- Recent ROE (-355.31%) is above the historical average (-778.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -7.24% | -12231800.00% | 0.00x | 1.03x | $-291.15K |
| 1998 | -9.74% | -15128200.00% | 0.00x | 1.08x | $-306.57K |
| 1999 | -10.40% | -15693900.00% | 0.00x | 1.07x | $-307.78K |
| 2000 | -7.64% | -6112850.00% | 0.00x | 1.02x | $-282.20K |
| 2001 | -19558.90% | -170084200.00% | 0.00x | 5.19x | $-1.70 Million |
| 2002 | -162.89% | 0.00% | 0.00x | 1.52x | $-134.62K |
| 2003 | -140.18% | 0.00% | 0.00x | 1.28x | $-223.91K |
| 2004 | -39.64% | 0.00% | 0.00x | 1.07x | $-167.81K |
| 2005 | -73.75% | 0.00% | 0.00x | 1.09x | $-220.30K |
| 2006 | -33.01% | 0.00% | 0.00x | 1.03x | $-373.94K |
| 2007 | -22.87% | 0.00% | 0.00x | 1.04x | $-319.05K |
| 2008 | -15.72% | 0.00% | 0.00x | 1.02x | $-396.07K |
| 2009 | -16.10% | 0.00% | 0.00x | 1.04x | $-375.20K |
| 2010 | -88.78% | 0.00% | 0.00x | 1.02x | $-2.29 Million |
| 2011 | -5.17% | 0.00% | 0.00x | 1.01x | $-466.32K |
| 2012 | -16.34% | 0.00% | 0.00x | 1.01x | $-984.86K |
| 2013 | -37.96% | 0.00% | 0.00x | 1.02x | $-1.47 Million |
| 2014 | -120.25% | 0.00% | 0.00x | 1.14x | $-1.91 Million |
| 2015 | -46.87% | 0.00% | 0.00x | 1.29x | $-677.03K |
| 2016 | -114.41% | 0.00% | 0.00x | 1.22x | $-882.86K |
| 2017 | -20.66% | 0.00% | 0.00x | 1.05x | $-124.51K |
| 2018 | -121.57% | -74874.67% | 0.00x | 1.27x | $-246.34K |
| 2019 | -30.87% | 0.00% | 0.00x | 1.10x | $-459.29K |
| 2020 | -27.44% | 0.00% | 0.00x | 1.11x | $-1.04 Million |
| 2021 | -9.19% | 0.00% | 0.00x | 1.01x | $-1.12 Million |
| 2022 | -23.69% | 0.00% | 0.00x | 1.01x | $-1.62 Million |
| 2023 | -674.75% | 0.00% | 0.00x | 1.13x | $-4.82 Million |
| 2024 | -355.31% | 0.00% | 0.00x | 1.12x | $-1.05 Million |
Industry Comparison
This section compares GoldON Resources Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GoldON Resources Ltd (NCMBF) | $961.87K | -7.24% | 0.07x | $916.20K |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |