NewOrigin Gold Corp
NewOrigin Gold Corp. engages in the acquisition and exploration of mineral properties in the Canadian Shield, Canada. It explores for gold, nickel, copper, silver, lead, zinc, diamond, and cobalt deposits. The company holds 100% interests in the Sky Lake gold project, which comprises of 446 single cell mining claims covering an area of approximately 87.6 square kilometers and 29 patented mining c… Read more
NewOrigin Gold Corp (TROIF) - Net Assets
Latest net assets as of March 2024: $-236.42K USD
Based on the latest financial reports, NewOrigin Gold Corp (TROIF) has net assets worth $-236.42K USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($94.47K) and total liabilities ($330.89K). 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 | $-236.42K |
| % of Total Assets | -250.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | -111.13% |
| 10-Year Change | -103.5% |
| Growth Volatility | 70.11 |
NewOrigin Gold Corp - Net Assets Trend (1996–2023)
This chart illustrates how NewOrigin Gold 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 NewOrigin Gold Corp (1996–2023)
The table below shows the annual net assets of NewOrigin Gold Corp from 1996 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | $-188.74K | -243.30% |
| 2022-06-30 | $131.71K | -90.85% |
| 2021-06-30 | $1.44 Million | -9.75% |
| 2020-06-30 | $1.60 Million | -5.96% |
| 2019-06-30 | $1.70 Million | -16.62% |
| 2018-06-30 | $2.03 Million | +15.22% |
| 2017-06-30 | $1.77 Million | -55.22% |
| 2016-06-30 | $3.94 Million | -16.77% |
| 2015-06-30 | $4.74 Million | -12.23% |
| 2014-06-30 | $5.40 Million | -8.58% |
| 2013-06-30 | $5.91 Million | -23.68% |
| 2012-06-30 | $7.74 Million | -8.97% |
| 2011-06-30 | $8.50 Million | +237.31% |
| 2010-06-30 | $2.52 Million | -34.90% |
| 2009-06-30 | $3.87 Million | -66.11% |
| 2008-06-30 | $11.42 Million | -11.52% |
| 2007-06-30 | $12.91 Million | +26.75% |
| 2006-06-30 | $10.19 Million | +0.33% |
| 2005-06-30 | $10.15 Million | -4.56% |
| 2004-06-30 | $10.64 Million | +10.82% |
| 2003-06-30 | $9.60 Million | -3.20% |
| 2002-06-30 | $9.92 Million | +0.85% |
| 2001-06-30 | $9.83 Million | -6.56% |
| 2000-06-30 | $10.52 Million | -2.58% |
| 1999-06-30 | $10.80 Million | -3.57% |
| 1998-06-30 | $11.20 Million | -0.88% |
| 1997-06-30 | $11.30 Million | +29.89% |
| 1996-06-30 | $8.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NewOrigin Gold 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 2494238700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $24.75 Million | % |
| Other Comprehensive Income | $454.30K | % |
| Other Components | $147.90K | % |
| Total Equity | $-188.74K | 100.00% |
NewOrigin Gold Corp Competitors by Market Cap
The table below lists competitors of NewOrigin Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CREDIT IMMOBILIER ET H
BC:CIH
|
$342.46K |
|
OLVI -A- (OVI.SG)
STU:OVI
|
$342.51K |
|
GENERAL MILLS - Dusseldorf Stock Exchang
DU:GRM
|
$342.71K |
|
Føroya Banki
F:BNW
|
$342.91K |
|
NIPPON EL GLASS CO
BE:NPG
|
$342.31K |
|
TurnKey Capital Inc
PINK:TKCI
|
$342.15K |
|
Tortoise Capital Series Trust
NYSE:TCAI
|
$342.03K |
|
Composite Alliance Group Inc
V:CAG
|
$341.97K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NewOrigin Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 131,710 to -188,739, a change of -320,449 (-243.3%).
- Net loss of 657,215 reduced equity.
- New share issuances of 260,000 increased equity.
- Other comprehensive income decreased equity by 933,421.
- Other factors increased equity by 1,010,187.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-657.22K | -348.21% |
| Share Issuances | $260.00K | +137.76% |
| Other Comprehensive Income | $-933.42K | -494.56% |
| Other Changes | $1.01 Million | +535.23% |
| Total Change | $- | -243.30% |
Book Value vs Market Value Analysis
This analysis compares NewOrigin Gold 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-06-30 | $5.80 | $0.01 | x |
| 1997-06-30 | $6.40 | $0.01 | x |
| 1998-06-30 | $5.60 | $0.01 | x |
| 1999-06-30 | $4.73 | $0.01 | x |
| 2000-06-30 | $4.01 | $0.01 | x |
| 2001-06-30 | $2.98 | $0.01 | x |
| 2002-06-30 | $2.66 | $0.01 | x |
| 2003-06-30 | $2.30 | $0.01 | x |
| 2004-06-30 | $1.58 | $0.01 | x |
| 2005-06-30 | $1.52 | $0.01 | x |
| 2006-06-30 | $1.41 | $0.01 | x |
| 2007-06-30 | $0.94 | $0.01 | x |
| 2008-06-30 | $1.14 | $0.01 | x |
| 2009-06-30 | $0.36 | $0.01 | x |
| 2010-06-30 | $0.22 | $0.01 | x |
| 2011-06-30 | $0.62 | $0.01 | x |
| 2012-06-30 | $0.47 | $0.01 | x |
| 2013-06-30 | $0.34 | $0.01 | x |
| 2014-06-30 | $0.30 | $0.01 | x |
| 2015-06-30 | $0.26 | $0.01 | x |
| 2016-06-30 | $0.05 | $0.01 | x |
| 2017-06-30 | $0.02 | $0.01 | x |
| 2018-06-30 | $0.02 | $0.01 | x |
| 2019-06-30 | $0.07 | $0.01 | x |
| 2020-06-30 | $0.06 | $0.01 | x |
| 2021-06-30 | $0.04 | $0.01 | x |
| 2022-06-30 | $0.00 | $0.01 | x |
| 2023-06-30 | $0.00 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NewOrigin Gold 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): 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 (-60.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -3.45% | -300.00% | 0.01x | 1.05x | $-1.17 Million |
| 1997 | 21.10% | 2300.00% | 0.01x | 1.06x | $1.21 Million |
| 1998 | -3.57% | -400.00% | 0.01x | 1.03x | $-1.52 Million |
| 1999 | -7.41% | -400.00% | 0.02x | 1.01x | $-1.88 Million |
| 2000 | -9.75% | -98852400.00% | 0.00x | 1.04x | $-2.00 Million |
| 2001 | -11.55% | -13952.11% | 0.00x | 1.04x | $-2.04 Million |
| 2002 | -3.08% | -1830.53% | 0.00x | 1.05x | $-1.24 Million |
| 2003 | -5.62% | -10331.88% | 0.00x | 1.06x | $-1.44 Million |
| 2004 | 4.31% | 24.30% | 0.18x | 1.00x | $-605.04K |
| 2005 | -11.79% | -29378.86% | 0.00x | 1.01x | $-2.21 Million |
| 2006 | -10.78% | -10539.15% | 0.00x | 1.00x | $-2.12 Million |
| 2007 | -7.16% | -1351.54% | 0.01x | 1.01x | $-2.22 Million |
| 2008 | -22.01% | -7926.35% | 0.00x | 1.09x | $-3.66 Million |
| 2009 | -223.56% | 0.00% | 0.00x | 1.39x | $-9.04 Million |
| 2010 | -68.10% | 0.00% | 0.00x | 1.80x | $-1.97 Million |
| 2011 | 43.35% | 0.00% | 0.00x | 1.24x | $2.83 Million |
| 2012 | -14.31% | -2945.19% | 0.00x | 1.24x | $-1.88 Million |
| 2013 | -35.79% | -4201.34% | 0.01x | 1.02x | $-2.70 Million |
| 2014 | -10.05% | -1483.13% | 0.01x | 1.08x | $-1.08 Million |
| 2015 | -13.20% | 0.00% | 0.00x | 1.23x | $-1.10 Million |
| 2016 | 0.36% | 0.00% | 0.00x | 1.20x | $-380.07K |
| 2017 | -149.04% | 0.00% | 0.00x | 1.20x | $-2.81 Million |
| 2018 | -10.22% | 0.00% | 0.00x | 1.17x | $-411.34K |
| 2019 | -23.24% | 0.00% | 0.00x | 1.15x | $-563.91K |
| 2020 | -23.64% | 0.00% | 0.00x | 1.29x | $-536.74K |
| 2021 | -73.21% | 0.00% | 0.00x | 1.05x | $-1.20 Million |
| 2022 | -1023.09% | 0.00% | 0.00x | 1.48x | $-1.36 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-638.34K |
Industry Comparison
This section compares NewOrigin Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NewOrigin Gold Corp (TROIF) | $-236.42K | -3.45% | N/A | $342.39K |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |