Tap Resources Inc
Tap Resources, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. The company primarily focuses on exploring gold. Its mining exploration project is the Marowijine project located in the Republic of Suriname. The company is based in Paramaribo, Suriname.
Tap Resources Inc (TAPP) - Net Assets
Latest net assets as of February 2025: $82.29K USD
Based on the latest financial reports, Tap Resources Inc (TAPP) has net assets worth $82.29K USD as of February 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($266.44K) and total liabilities ($184.14K). 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 | $82.29K |
| % of Total Assets | 30.89% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Tap Resources Inc - Net Assets Trend (2010–2022)
This chart illustrates how Tap 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 Tap Resources Inc (2010–2022)
The table below shows the annual net assets of Tap Resources Inc from 2010 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-11-30 | $167.98K | +2687.12% |
| 2021-11-30 | $-6.49K | -60.92% |
| 2020-11-30 | $-4.04K | -154.32% |
| 2019-11-30 | $7.43K | +104.48% |
| 2013-11-30 | $-165.92K | -29.95% |
| 2012-11-30 | $-127.68K | +0.05% |
| 2011-11-30 | $-127.74K | -17.35% |
| 2010-11-30 | $-108.86K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tap 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 29708800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.71K | 14.12% |
| Other Comprehensive Income | $596.63K | 355.17% |
| Total Equity | $167.98K | 100.00% |
Tap Resources Inc Competitors by Market Cap
The table below lists competitors of Tap Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vodka Brands Corp
PINK:VDKB
|
$6.48K |
|
Amcomri Entertainment Inc
PINK:AMNNF
|
$6.48K |
|
D. Boral ARC Acquisition I Corp. Warrant
NASDAQ:BCARW
|
$6.48K |
|
MEDIGENE N
BE:MDG1
|
$6.48K |
|
GENEL ENERGY
BE:4VL
|
$6.48K |
|
Hub Power Company Ltd
KAR:HUBC
|
$6.47K |
|
S i2i Limited
STU:MZZ1
|
$6.47K |
|
Lendinvest PLC
LSE:LINV
|
$6.46K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tap Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -6,493 to 167,982, a change of 174,475.
- Net income of 130,747 contributed positively to equity growth.
- Other comprehensive income increased equity by 43,728.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $130.75K | +77.83% |
| Other Comprehensive Income | $43.73K | +26.03% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Tap 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: 98.82x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-11-30 | $0.00 | $0.70 | x |
| 2011-11-30 | $0.00 | $0.70 | x |
| 2012-11-30 | $0.00 | $0.70 | x |
| 2013-11-30 | $0.00 | $0.70 | x |
| 2019-11-30 | $0.00 | $0.70 | x |
| 2020-11-30 | $0.00 | $0.70 | x |
| 2021-11-30 | $0.00 | $0.70 | x |
| 2022-11-30 | $0.01 | $0.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tap 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): 77.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1046.06%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.03x
- Recent ROE (77.83%) is above the historical average (2.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-32.42K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.11K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $4.21K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-21.65K |
| 2019 | -60.85% | 0.00% | 0.00x | 24.55x | $-5.26K |
| 2020 | 0.00% | -80.59% | 0.08x | 0.00x | $-10.86K |
| 2021 | 0.00% | -10.12% | 0.13x | 0.00x | $-1.81K |
| 2022 | 77.83% | 1046.06% | 0.07x | 1.03x | $113.95K |
Industry Comparison
This section compares Tap Resources Inc's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tap Resources Inc (TAPP) | $82.29K | 0.00% | 2.24x | $6.48K |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |