Reno Gold Corporation
Reno Gold Corporation discovers, explores, and produces precious metal properties in the United States. The company explores for gold and silver in its property. Reno Gold Corporation was formerly known as Micromedx, Inc. and changed its name to Reno Gold Corporation in January 2005. The company was founded in 1997 and is based in Concord, Canada.
Reno Gold Corporation (RNGG) - Net Assets
Latest net assets as of November 2003: $-303.02K USD
Based on the latest financial reports, Reno Gold Corporation (RNGG) has net assets worth $-303.02K USD as of November 2003.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($83.67K) and total liabilities ($386.68K). 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 | $-303.02K |
| % of Total Assets | -362.17% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Reno Gold Corporation - Net Assets Trend (2002–2003)
This chart illustrates how Reno Gold Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Reno Gold Corporation (2002–2003)
The table below shows the annual net assets of Reno Gold Corporation from 2002 to 2003.
| Year | Net Assets | Change |
|---|---|---|
| 2003-08-31 | $-256.24K | -258.96% |
| 2002-08-31 | $161.19K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Reno Gold Corporation'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 67481000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2003)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $18.64K | % |
| Other Components | $445.78K | % |
| Total Equity | $-256.24K | 100.00% |
Reno Gold Corporation Competitors by Market Cap
The table below lists competitors of Reno Gold Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fuse Science Inc
PINK:DROP
|
$29.34 |
|
CHDHD
PINK:CHDHD
|
$29.39 |
|
CHINESE PEOPLE HLDG
MU:KEH
|
$29.49 |
|
Revitus Property Opportunities
XZIM:REV
|
$29.54 |
|
Natural Harmony Foods Inc
PINK:NHYF
|
$29.20 |
|
Perigee Holdings Inc.
PINK:PEHD
|
$29.17 |
|
Ciptadana Asset Management REIT
JK:XCID
|
$29.09 |
|
Wee-Cig International Corp
PINK:WCIG
|
$29.07 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reno Gold Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2002 to 2003, total equity changed from 161,194 to -256,239, a change of -417,433 (-259.0%).
- Net loss of 473,539 reduced equity.
- Share repurchases of 54,450 reduced equity.
- Other factors increased equity by 110,556.
Equity Change Factors (2002 to 2003)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-473.54K | -184.8% |
| Share Repurchases | $54.45K | -21.25% |
| Other Changes | $110.56K | +43.15% |
| Total Change | $- | -258.96% |
Book Value vs Market Value Analysis
This analysis compares Reno Gold Corporation'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.
Insufficient data available to analyze book value vs market value.
Capital Efficiency Dashboard
This dashboard shows how efficiently Reno Gold Corporation 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: -3165.37%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-41.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-29.56K |
| 2002 | -124.86% | -803.70% | 0.15x | 1.05x | $-217.39K |
| 2003 | 0.00% | -3165.37% | 0.19x | 0.00x | $-447.92K |
Industry Comparison
This section compares Reno Gold Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reno Gold Corporation (RNGG) | $-303.02K | 0.00% | N/A | $29.29 |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |