Tower Resources Ltd
Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for gold, silver, and copper deposits. Its properties include the Rabbit North project that comprises 34 mineral tenures covering an area of 16,400 hectares located in the Kamloops mining division of British Columbia; the Nechako gold project, which includes… Read more
Tower Resources Ltd (TWRFF) - Net Assets
Latest net assets as of April 2025: $9.56 Million USD
Based on the latest financial reports, Tower Resources Ltd (TWRFF) has net assets worth $9.56 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.79 Million) and total liabilities ($226.45K). 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 | $9.56 Million |
| % of Total Assets | 97.69% |
| Annual Growth Rate | 22.05% |
| 5-Year Change | 82.77% |
| 10-Year Change | 129.12% |
| Growth Volatility | 178.12 |
Tower Resources Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Tower Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tower Resources Ltd (2001–2024)
The table below shows the annual net assets of Tower Resources Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $9.17 Million | +7.98% |
| 2023-10-31 | $8.50 Million | +10.61% |
| 2022-10-31 | $7.68 Million | +16.10% |
| 2021-10-31 | $6.62 Million | +31.80% |
| 2020-10-31 | $5.02 Million | +5.36% |
| 2019-10-31 | $4.76 Million | -1.87% |
| 2018-10-31 | $4.85 Million | -8.24% |
| 2017-10-31 | $5.29 Million | +127.06% |
| 2016-10-31 | $2.33 Million | -41.80% |
| 2015-10-31 | $4.00 Million | -6.16% |
| 2014-10-31 | $4.27 Million | -6.50% |
| 2013-10-31 | $4.56 Million | +33.44% |
| 2012-10-31 | $3.42 Million | +56.81% |
| 2011-10-31 | $2.18 Million | +92.91% |
| 2010-10-31 | $1.13 Million | +21.97% |
| 2009-10-31 | $926.85K | -18.74% |
| 2008-10-31 | $1.14 Million | -37.84% |
| 2007-10-31 | $1.83 Million | -15.65% |
| 2006-10-31 | $2.18 Million | +47.69% |
| 2005-10-31 | $1.47 Million | +643.55% |
| 2004-10-31 | $198.09K | +669.04% |
| 2003-10-31 | $-34.81K | -105.52% |
| 2002-10-31 | $630.43K | +572.53% |
| 2001-10-31 | $93.74K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tower Resources Ltd'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 1286635100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.07 Million | 251.52% |
| Other Comprehensive Income | $1.31 Million | 14.30% |
| Total Equity | $9.17 Million | 100.00% |
Tower Resources Ltd Competitors by Market Cap
The table below lists competitors of Tower Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thunder Mountain Gold Inc
OTCQB:THMG
|
$10.55 Million |
|
Future Enterprises Limited
NSE:FELDVR
|
$10.55 Million |
|
Hankukpackage Co. Ltd
KQ:037230
|
$10.56 Million |
|
Freeman Gold Corp
OTCQB:FMANF
|
$10.56 Million |
|
CS Diagnostics Corp.
OTCQB:CSDX
|
$10.54 Million |
|
Table Trac Inc
OTCQX:TBTC
|
$10.54 Million |
|
Ostim Endustriyel Yatirimlar ve Isletme AS
IS:OSTIM
|
$10.54 Million |
|
PPX Mining Corp
PINK:SNNGF
|
$10.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tower Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,495,685 to 9,173,914, a change of 678,229 (8.0%).
- Net loss of 411,624 reduced equity.
- New share issuances of 908,000 increased equity.
- Other comprehensive income increased equity by 128,569.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-411.62K | -4.49% |
| Share Issuances | $908.00K | +9.9% |
| Other Comprehensive Income | $128.57K | +1.4% |
| Other Changes | $53.28K | +0.58% |
| Total Change | $- | 7.98% |
Book Value vs Market Value Analysis
This analysis compares Tower Resources Ltd'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: 1.27x
- 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 0.91x to 1.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-10-31 | $0.09 | $0.08 | x |
| 2002-10-31 | $0.27 | $0.08 | x |
| 2003-10-31 | $-0.01 | $0.08 | x |
| 2004-10-31 | $0.05 | $0.08 | x |
| 2005-10-31 | $0.31 | $0.08 | x |
| 2006-10-31 | $0.35 | $0.08 | x |
| 2007-10-31 | $0.27 | $0.08 | x |
| 2008-10-31 | $0.17 | $0.08 | x |
| 2009-10-31 | $0.14 | $0.08 | x |
| 2010-10-31 | $0.09 | $0.08 | x |
| 2011-10-31 | $0.10 | $0.08 | x |
| 2012-10-31 | $0.13 | $0.08 | x |
| 2013-10-31 | $0.14 | $0.08 | x |
| 2014-10-31 | $0.10 | $0.08 | x |
| 2015-10-31 | $0.08 | $0.08 | x |
| 2016-10-31 | $0.05 | $0.08 | x |
| 2017-10-31 | $0.07 | $0.08 | x |
| 2018-10-31 | $0.05 | $0.08 | x |
| 2019-10-31 | $0.05 | $0.08 | x |
| 2020-10-31 | $0.05 | $0.08 | x |
| 2021-10-31 | $0.05 | $0.08 | x |
| 2022-10-31 | $0.06 | $0.08 | x |
| 2023-10-31 | $0.06 | $0.08 | x |
| 2024-10-31 | $0.06 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tower Resources Ltd 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): -4.49%
- 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: 1.04x
- Recent ROE (-4.49%) is above the historical average (-33.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -98.72% | 0.00% | 0.00x | 2.40x | $-101.92K |
| 2002 | -51.17% | 0.00% | 0.00x | 1.59x | $-385.61K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.11 Million |
| 2004 | -126.18% | 0.00% | 0.00x | 1.54x | $-269.78K |
| 2005 | -38.21% | 0.00% | 0.00x | 1.14x | $-710.16K |
| 2006 | -17.13% | 0.00% | 0.00x | 1.09x | $-590.13K |
| 2007 | -25.06% | 0.00% | 0.00x | 1.04x | $-643.36K |
| 2008 | -23.70% | 0.00% | 0.00x | 1.05x | $-384.35K |
| 2009 | -26.35% | 0.00% | 0.00x | 1.06x | $-336.92K |
| 2010 | -116.67% | 0.00% | 0.00x | 1.06x | $-1.43 Million |
| 2011 | -19.24% | 0.00% | 0.00x | 1.05x | $-637.65K |
| 2012 | -23.02% | 0.00% | 0.00x | 1.07x | $-1.13 Million |
| 2013 | -6.76% | 0.00% | 0.00x | 1.06x | $-765.00K |
| 2014 | -26.05% | 0.00% | 0.00x | 1.03x | $-1.54 Million |
| 2015 | -8.22% | 0.00% | 0.00x | 1.01x | $-729.37K |
| 2016 | -124.46% | 0.00% | 0.00x | 1.19x | $-3.13 Million |
| 2017 | -12.52% | 0.00% | 0.00x | 1.02x | $-1.19 Million |
| 2018 | -20.03% | 0.00% | 0.00x | 1.01x | $-1.46 Million |
| 2019 | -14.40% | 0.00% | 0.00x | 1.01x | $-1.16 Million |
| 2020 | -8.78% | 0.00% | 0.00x | 1.04x | $-942.40K |
| 2021 | -1.18% | 0.00% | 0.00x | 1.08x | $-739.77K |
| 2022 | -4.59% | 0.00% | 0.00x | 1.06x | $-1.12 Million |
| 2023 | -3.06% | 0.00% | 0.00x | 1.03x | $-1.11 Million |
| 2024 | -4.49% | 0.00% | 0.00x | 1.04x | $-1.33 Million |
Industry Comparison
This section compares Tower Resources Ltd'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 |
|---|---|---|---|---|
| Tower Resources Ltd (TWRFF) | $9.56 Million | -98.72% | 0.02x | $10.55 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 |