Sparton Resources Inc
Sparton Resources Inc., an exploration and development stage company, engages in the exploration and evaluation of properties in Canada. It explores for gold and base metal properties. The company also engages in the development of the vanadium redox flow battery. Sparton Resources Inc. was incorporated in 1982 and is headquartered in Toronto, Canada.
Sparton Resources Inc (SPNRF) - Net Assets
Latest net assets as of September 2025: $1.32 Million USD
Based on the latest financial reports, Sparton Resources Inc (SPNRF) has net assets worth $1.32 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.80 Million) and total liabilities ($475.78K). 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 | $1.32 Million |
| % of Total Assets | 73.5% |
| Annual Growth Rate | 1.53% |
| 5-Year Change | 36.97% |
| 10-Year Change | N/A |
| Growth Volatility | 68.82 |
Sparton Resources Inc - Net Assets Trend (2001–2024)
This chart illustrates how Sparton 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 Sparton Resources Inc (2001–2024)
The table below shows the annual net assets of Sparton Resources Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.35 Million | -19.20% |
| 2023-12-31 | $1.67 Million | +25.75% |
| 2022-12-31 | $1.33 Million | -3.05% |
| 2021-12-31 | $1.37 Million | +39.05% |
| 2020-12-31 | $985.39K | -1.48% |
| 2019-12-31 | $1.00 Million | -6.70% |
| 2018-12-31 | $1.07 Million | -20.19% |
| 2017-12-31 | $1.34 Million | +374.83% |
| 2016-12-31 | $-488.70K | +63.43% |
| 2015-12-31 | $-1.34 Million | -108.67% |
| 2014-12-31 | $-640.48K | -10.97% |
| 2013-12-31 | $-577.16K | -124.12% |
| 2012-12-31 | $2.39 Million | -49.96% |
| 2011-12-31 | $4.78 Million | -17.75% |
| 2010-12-31 | $5.81 Million | -24.85% |
| 2009-12-31 | $7.74 Million | -11.80% |
| 2008-12-31 | $8.77 Million | -0.27% |
| 2007-12-31 | $8.80 Million | +13.27% |
| 2006-12-31 | $7.77 Million | +23.46% |
| 2005-12-31 | $6.29 Million | +6.22% |
| 2004-12-31 | $5.92 Million | +2.26% |
| 2003-12-31 | $5.79 Million | +251.35% |
| 2002-12-31 | $1.65 Million | +72.98% |
| 2001-12-31 | $952.77K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sparton 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 1829640100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $20.38 Million | 2052.43% |
| Other Comprehensive Income | $760.62K | 76.62% |
| Other Components | $574.69K | 57.89% |
| Total Equity | $992.75K | 100.00% |
Sparton Resources Inc Competitors by Market Cap
The table below lists competitors of Sparton Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DEFSEC Technologies Inc.
NASDAQ:DFSC
|
$1.62 Million |
|
Carmel Corp Ltd.
TA:CRML
|
$1.62 Million |
|
Star Navigation Systems Group Ltd
PINK:SNAVF
|
$1.62 Million |
|
Coca Cola HBC AG
LSE:CCH
|
$1.62 Million |
|
iSign Media Solutions Inc
V:ISD
|
$1.62 Million |
|
Summit Minerals Ltd
AU:SUM
|
$1.62 Million |
|
Vnsteel Vicasa JSC
VN:VCA
|
$1.62 Million |
|
EdgeMode Inc.
PINK:EDGM
|
$1.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sparton Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,322,328 to 992,746, a change of -329,582 (-24.9%).
- Net loss of 706,852 reduced equity.
- New share issuances of 435,000 increased equity.
- Other comprehensive income increased equity by 126,433.
- Other factors decreased equity by 184,163.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-706.85K | -71.2% |
| Share Issuances | $435.00K | +43.82% |
| Other Comprehensive Income | $126.43K | +12.74% |
| Other Changes | $-184.16K | -18.55% |
| Total Change | $- | -24.92% |
Book Value vs Market Value Analysis
This analysis compares Sparton 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
- Current price-to-book ratio: 1.68x
- 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 0.21x to 1.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $0.05 | $0.01 | x |
| 2002-12-31 | $0.06 | $0.01 | x |
| 2003-12-31 | $0.20 | $0.01 | x |
| 2004-12-31 | $0.15 | $0.01 | x |
| 2005-12-31 | $0.15 | $0.01 | x |
| 2006-12-31 | $0.14 | $0.01 | x |
| 2007-12-31 | $0.16 | $0.01 | x |
| 2008-12-31 | $0.13 | $0.01 | x |
| 2009-12-31 | $0.11 | $0.01 | x |
| 2010-12-31 | $0.06 | $0.01 | x |
| 2011-12-31 | $0.05 | $0.01 | x |
| 2012-12-31 | $0.02 | $0.01 | x |
| 2013-12-31 | $0.00 | $0.01 | x |
| 2014-12-31 | $-0.01 | $0.01 | x |
| 2015-12-31 | $-0.01 | $0.01 | x |
| 2016-12-31 | $-0.01 | $0.01 | x |
| 2017-12-31 | $0.01 | $0.01 | x |
| 2018-12-31 | $0.01 | $0.01 | x |
| 2019-12-31 | $0.01 | $0.01 | x |
| 2020-12-31 | $0.00 | $0.01 | x |
| 2021-12-31 | $0.01 | $0.01 | x |
| 2022-12-31 | $0.01 | $0.01 | x |
| 2023-12-31 | $0.01 | $0.01 | x |
| 2024-12-31 | $0.01 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sparton 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): -71.20%
- 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: 1.93x
- Recent ROE (-71.20%) is below the historical average (-32.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -18.46% | 0.00% | 0.00x | 1.02x | $-271.18K |
| 2002 | -7.52% | 0.00% | 0.00x | 1.10x | $-288.71K |
| 2003 | -8.15% | 0.00% | 0.00x | 1.01x | $-1.05 Million |
| 2004 | -17.89% | 0.00% | 0.00x | 1.01x | $-1.65 Million |
| 2005 | -18.54% | 0.00% | 0.00x | 1.12x | $-1.80 Million |
| 2006 | 0.64% | 0.00% | 0.00x | 1.11x | $-665.09K |
| 2007 | -3.45% | 0.00% | 0.00x | 1.02x | $-1.18 Million |
| 2008 | -14.94% | 0.00% | 0.00x | 1.37x | $-2.12 Million |
| 2009 | -50.12% | 0.00% | 0.00x | 1.53x | $-4.55 Million |
| 2010 | -48.41% | -653.14% | 0.04x | 1.78x | $-3.32 Million |
| 2011 | -44.40% | -157.19% | 0.14x | 2.05x | $-2.54 Million |
| 2012 | -142.28% | -125.91% | 0.52x | 2.16x | $-3.93 Million |
| 2013 | 0.00% | -3256.82% | 0.42x | 0.00x | $-2.97 Million |
| 2014 | 0.00% | -34.21% | 0.36x | 0.00x | $2.38K |
| 2015 | 0.00% | -737.07% | 0.91x | 0.00x | $-552.24K |
| 2016 | 0.00% | 128.78% | 0.15x | 0.00x | $758.62K |
| 2017 | -9.42% | -86.83% | 0.06x | 1.78x | $-189.84K |
| 2018 | -83.00% | -796.60% | 0.05x | 2.19x | $-669.84K |
| 2019 | -33.10% | -460.94% | 0.03x | 2.40x | $-279.49K |
| 2020 | -102.01% | -2998.41% | 0.01x | 2.52x | $-717.00K |
| 2021 | -35.15% | -76.52% | 0.24x | 1.88x | $-462.75K |
| 2022 | -36.14% | -30.95% | 0.59x | 1.99x | $-451.16K |
| 2023 | -25.02% | -34.68% | 0.43x | 1.69x | $-463.12K |
| 2024 | -71.20% | 0.00% | 0.00x | 1.93x | $-806.13K |
Industry Comparison
This section compares Sparton 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 |
|---|---|---|---|---|
| Sparton Resources Inc (SPNRF) | $1.32 Million | -18.46% | 0.36x | $1.62 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 |