RT Minerals Corp
RT Minerals Corp, a junior exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It also explores for gold and base metals. The company owns a 100% interest in the Norwalk gold property comprising three unpatented mineral claims that includes 29 units covering an area of 445 hectares located in Wawa, Ontario. It also holds an option to acqui… Read more
RT Minerals Corp (RTMFD) - Net Assets
Latest net assets as of November 2022: $1.05 Million USD
Based on the latest financial reports, RT Minerals Corp (RTMFD) has net assets worth $1.05 Million USD as of November 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.66 Million) and total liabilities ($611.15K). 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 | $1.05 Million |
| % of Total Assets | 63.22% |
| Annual Growth Rate | N/A |
| 5-Year Change | -24.56% |
| 10-Year Change | N/A |
| Growth Volatility | 121.69 |
RT Minerals Corp - Net Assets Trend (2014–2022)
This chart illustrates how RT Minerals Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RT Minerals Corp (2014–2022)
The table below shows the annual net assets of RT Minerals Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-11-30 | $1.05 Million | -58.79% |
| 2021-11-30 | $2.55 Million | +29.00% |
| 2020-11-30 | $1.98 Million | +117.88% |
| 2019-11-30 | $906.97K | -34.87% |
| 2017-11-30 | $1.39 Million | +122.26% |
| 2016-11-30 | $626.56K | +304.87% |
| 2015-11-30 | $154.75K | +200.90% |
| 2014-11-30 | $-153.37K | -- |
Equity Component Analysis
This analysis shows how different components contribute to RT Minerals Corp'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 624061300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $18.85 Million | 1793.86% |
| Total Equity | $1.05 Million | 100.00% |
RT Minerals Corp Competitors by Market Cap
The table below lists competitors of RT Minerals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doosan Engine Co. Ltd.
KQ:082740
|
$320.33K |
|
AZIMUT HOLDING (HDB.SG)
STU:HDB
|
$320.37K |
|
Onix Capital Tbk
JK:OCAP
|
$320.40K |
|
MITSUI ENGR & SHIP - Dusseldorf Stock Exchang
DU:MU1
|
$320.51K |
|
Yida China Holdings Ltd
STU:YC2
|
$319.89K |
|
Gavari Properties SOCIMI S.A.
MC:YGAV
|
$319.51K |
|
Aoyama Trading Co Ltd
PINK:AYAMF
|
$319.04K |
|
AZIMUT HOLDING - Dusseldorf Stock Exchang
DU:HDB
|
$318.78K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RT Minerals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 2,549,097 to 1,050,572, a change of -1,498,525 (-58.8%).
- Net loss of 1,502,275 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.50 Million | -143.0% |
| Other Changes | $3.75K | +0.36% |
| Total Change | $- | -58.79% |
Book Value vs Market Value Analysis
This analysis compares RT Minerals Corp'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: 0.34x
- 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 increased from 0.08x to 0.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-11-30 | $0.74 | $0.06 | x |
| 2020-11-30 | $0.50 | $0.06 | x |
| 2021-11-30 | $0.32 | $0.06 | x |
| 2022-11-30 | $0.17 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RT Minerals Corp 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): -143.00%
- 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: 1.58x
- Recent ROE (-143.00%) is below the historical average (-50.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-960.65K |
| 2015 | 5.86% | 0.00% | 0.00x | 1.61x | $-6.41K |
| 2016 | -83.17% | 0.00% | 0.00x | 1.18x | $-583.77K |
| 2017 | -43.15% | 0.00% | 0.00x | 1.13x | $-740.20K |
| 2019 | -33.69% | 0.00% | 0.00x | 1.14x | $-396.21K |
| 2020 | -15.77% | 0.00% | 0.00x | 1.22x | $-509.26K |
| 2021 | -90.65% | 0.00% | 0.00x | 1.18x | $-2.57 Million |
| 2022 | -143.00% | 0.00% | 0.00x | 1.58x | $-1.61 Million |
Industry Comparison
This section compares RT Minerals Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $411,687,235
- Average return on equity (ROE) among peers: -119.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RT Minerals Corp (RTMFD) | $1.05 Million | 0.00% | 0.58x | $320.14K |
| Almadex Minerals Ltd (AAMMF) | $5.73 Million | 6.70% | 0.01x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $10.03 Million | -13.48% | 0.17x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $19.90 Million | -2.53% | 0.04x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $65.44K | -173.09% | 0.37x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $413.79K | -494.09% | 0.29x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $3.67 Billion | 9.39% | 0.50x | $98.30 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $-555.77K | 0.00% | 0.00x | $0.94 |
| Antioquia Gold Inc (AGDXF) | $-702.21K | 0.00% | 0.00x | $1.44 Million |