Sphere Resources Inc
Sphere Resources Inc. explores and develops mineral properties in Canada and the United States. The company primarily explores for gold deposits. It has option agreements to acquire interests in various properties located in the Red Lake township of Northwestern Ontario, Canada; and the SW Carlin trend Elko, Nevada. The company was formerly known as Mandorin Goldfields Inc. and changed its name t… Read more
Sphere Resources Inc (SPHUF) - Net Assets
Latest net assets as of September 2014: $-3.42 Million USD
Based on the latest financial reports, Sphere Resources Inc (SPHUF) has net assets worth $-3.42 Million USD as of September 2014.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($135.57K) and total liabilities ($3.55 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 | $-3.42 Million |
| % of Total Assets | -2521.17% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 233.15 |
Sphere Resources Inc - Net Assets Trend (1997–2013)
This chart illustrates how Sphere Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sphere Resources Inc (1997–2013)
The table below shows the annual net assets of Sphere Resources Inc from 1997 to 2013.
| Year | Net Assets | Change |
|---|---|---|
| 2013-12-31 | $-2.73 Million | -207.66% |
| 2012-12-31 | $-888.08K | -80.37% |
| 2011-12-31 | $-492.36K | +91.98% |
| 2010-12-31 | $-6.14 Million | -8.92% |
| 2009-12-31 | $-5.64 Million | -5.72% |
| 2008-12-31 | $-5.33 Million | -23.82% |
| 2007-12-31 | $-4.31 Million | -312.30% |
| 2006-12-31 | $-1.04 Million | -687.05% |
| 2005-12-31 | $177.93K | +123.82% |
| 2004-12-31 | $-747.08K | -709.48% |
| 2003-12-31 | $-92.29K | +43.79% |
| 2002-12-31 | $-164.20K | -305.69% |
| 2001-12-31 | $79.83K | -79.72% |
| 2000-12-31 | $393.54K | +205.97% |
| 1999-12-31 | $-371.37K | -473.63% |
| 1998-12-31 | $99.39K | -83.99% |
| 1997-12-31 | $620.67K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sphere Resources Inc'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 1283400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2013)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $27.67 Million | % |
| Other Comprehensive Income | $473.54K | % |
| Total Equity | $-3.93 Million | 100.00% |
Sphere Resources Inc Competitors by Market Cap
The table below lists competitors of Sphere Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
APT Moto Vox Group Inc
PINK:MTVX
|
$0.93 |
|
Jupiter Marine International Holdings Inc
PINK:JMIH
|
$0.93 |
|
Paradigm Oil And Gas
PINK:PDGO
|
$0.93 |
|
Commerce Energy Group Inc
PINK:CMNR
|
$0.94 |
|
Candlewood Hotel Company Inc
PINK:CNDL
|
$0.93 |
|
Oncology Pharma Inc
PINK:ONPH
|
$0.93 |
|
V Group Inc
PINK:VGID
|
$0.93 |
|
Davi Luxury Brand Group Inc
PINK:MDAV
|
$0.93 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sphere Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2012 to 2013, total equity changed from -2,605,959 to -3,933,957, a change of -1,327,998.
- Net loss of 1,325,963 reduced equity.
- Other comprehensive income decreased equity by 4,035.
- Other factors increased equity by 2,000.
Equity Change Factors (2012 to 2013)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.33 Million | -33.71% |
| Other Comprehensive Income | $-4.04K | -0.1% |
| Other Changes | $2.00K | +0.05% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Sphere Resources Inc'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 |
|---|---|---|---|
| 1997-12-31 | $0.04 | $0.00 | x |
| 1998-12-31 | $0.00 | $0.00 | x |
| 1999-12-31 | $-0.01 | $0.00 | x |
| 2000-12-31 | $0.01 | $0.00 | x |
| 2010-12-31 | $0.00 | $0.00 | x |
| 2011-12-31 | $0.00 | $0.00 | x |
| 2012-12-31 | $0.00 | $0.00 | x |
| 2013-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sphere Resources Inc 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 (-381.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -1922.61% | -1190709300.00% | 0.00x | 1.61x | $-11.97 Million |
| 1998 | -975.84% | -96992400.00% | 0.00x | 7.88x | $-979.86K |
| 1999 | 0.00% | -47076300.00% | 0.00x | 0.00x | $-433.63K |
| 2000 | -156.30% | -61509200.00% | 0.00x | 3.46x | $-654.45K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $125.64K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $1.26 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-639.06K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-932.57K |
Industry Comparison
This section compares Sphere Resources Inc'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 |
|---|---|---|---|---|
| Sphere Resources Inc (SPHUF) | $-3.42 Million | -1922.61% | N/A | $0.93 |
| 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 |