Rockridge Resources Ltd
Rockridge Resources Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company explores for copper, silver, zinc, gold, and cobalt deposits. It holds 100% interests in the Knife Lake project that comprises 58 claims totaling an area of 45,168 hectares located in Saskatchewan, Canada; and the Raney Gold projec… Read more
Rockridge Resources Ltd (RRRLF) - Net Assets
Latest net assets as of October 2024: $6.07 Million USD
Based on the latest financial reports, Rockridge Resources Ltd (RRRLF) has net assets worth $6.07 Million USD as of October 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.13 Million) and total liabilities ($65.24K). 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 | $6.07 Million |
| % of Total Assets | 98.94% |
| Annual Growth Rate | 66.78% |
| 5-Year Change | 48.59% |
| 10-Year Change | N/A |
| Growth Volatility | 98.03 |
Rockridge Resources Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Rockridge 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 Rockridge Resources Ltd (2016–2024)
The table below shows the annual net assets of Rockridge Resources Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | $6.22 Million | -7.71% |
| 2023-07-31 | $6.74 Million | +1.61% |
| 2022-07-31 | $6.64 Million | +23.11% |
| 2021-07-31 | $5.39 Million | +28.72% |
| 2020-07-31 | $4.19 Million | +64.01% |
| 2019-07-31 | $2.55 Million | +279.86% |
| 2018-07-31 | $672.35K | +209.23% |
| 2017-07-31 | $217.43K | +109.17% |
| 2016-07-31 | $103.95K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rockridge 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 676306800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $11.79 Million | 189.38% |
| Other Comprehensive Income | $1.20 Million | 19.28% |
| Total Equity | $6.22 Million | 100.00% |
Rockridge Resources Ltd Competitors by Market Cap
The table below lists competitors of Rockridge Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Formosa Ingredient Factory PT Tbk
JK:BOBA
|
$1.26 Million |
|
Datametrex AI Limited
PINK:DTMXD
|
$1.26 Million |
|
DAVITA HLTH CARE
MU:TRL
|
$1.26 Million |
|
Bang Overseas Limited
NSE:BANG
|
$1.27 Million |
|
Primary Hydrogen Corp
OTCQB:HNATF
|
$1.26 Million |
|
District Copper Corp
PINK:CAXPF
|
$1.26 Million |
|
Amir Marketing and Investments in Agriculture Ltd
TA:AMRK
|
$1.26 Million |
|
OCEAN SUN AS NK -01
F:OW7
|
$1.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rockridge Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,743,977 to 6,223,907, a change of -520,070 (-7.7%).
- Net loss of 520,070 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-520.07K | -8.36% |
| Total Change | $- | -7.71% |
Book Value vs Market Value Analysis
This analysis compares Rockridge 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: 0.22x
- 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 decreased from 0.64x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-07-31 | $0.02 | $0.01 | x |
| 2018-07-31 | $0.05 | $0.01 | x |
| 2019-07-31 | $0.10 | $0.01 | x |
| 2020-07-31 | $0.13 | $0.01 | x |
| 2021-07-31 | $0.09 | $0.01 | x |
| 2022-07-31 | $0.08 | $0.01 | x |
| 2023-07-31 | $0.06 | $0.01 | x |
| 2024-07-31 | $0.05 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rockridge 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): -8.36%
- 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: 1.00x
- Recent ROE (-8.36%) is above the historical average (-19.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.07% | 0.00% | 0.00x | 1.00x | $-10.46K |
| 2017 | -5.30% | 0.00% | 0.00x | 1.23x | $-33.26K |
| 2018 | -20.78% | 0.00% | 0.00x | 1.02x | $-206.92K |
| 2019 | -48.41% | 0.00% | 0.00x | 1.03x | $-1.49 Million |
| 2020 | -29.90% | 0.00% | 0.00x | 1.02x | $-1.67 Million |
| 2021 | -31.93% | 0.00% | 0.00x | 1.00x | $-2.26 Million |
| 2022 | -17.37% | 0.00% | 0.00x | 1.01x | $-1.82 Million |
| 2023 | -10.80% | 0.00% | 0.00x | 1.03x | $-1.40 Million |
| 2024 | -8.36% | 0.00% | 0.00x | 1.00x | $-1.14 Million |
Industry Comparison
This section compares Rockridge 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 |
|---|---|---|---|---|
| Rockridge Resources Ltd (RRRLF) | $6.07 Million | -0.07% | 0.01x | $1.26 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 |