Gitennes Exploration Inc
Gitennes Exploration Inc., a junior mineral exploration company, acquires, explores for, and advances mineral properties in Canada and Peru. It explores for gold, rare earth, nickel, copper, and silver deposits. The company is based in Vancouver, Canada.
Gitennes Exploration Inc (GIT) - Net Assets
Latest net assets as of September 2024: CA$-317.12K CAD
Based on the latest financial reports, Gitennes Exploration Inc (GIT) has net assets worth CA$-317.12K CAD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$292.20K) and total liabilities (CA$609.32K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-317.12K |
| % of Total Assets | -108.53% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -141.12% |
| Growth Volatility | 369.24 |
Gitennes Exploration Inc - Net Assets Trend (2013–2023)
This chart illustrates how Gitennes Exploration 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 Gitennes Exploration Inc (2013–2023)
The table below shows the annual net assets of Gitennes Exploration Inc from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$-218.71K | -847.54% |
| 2022-12-31 | CA$29.26K | -95.07% |
| 2021-12-31 | CA$593.00K | -31.95% |
| 2020-12-31 | CA$871.46K | +608.05% |
| 2019-12-31 | CA$-171.53K | -14.02% |
| 2018-12-31 | CA$-150.44K | -168.04% |
| 2017-12-31 | CA$221.11K | +604.78% |
| 2016-12-31 | CA$-43.80K | -368.50% |
| 2015-12-31 | CA$16.31K | -96.93% |
| 2014-12-31 | CA$531.86K | +483.08% |
| 2013-12-31 | CA$91.22K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gitennes Exploration 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 643315500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$39.74 Million | % |
| Total Equity | CA$-218.71K | 100.00% |
Gitennes Exploration Inc Competitors by Market Cap
The table below lists competitors of Gitennes Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BHMINESLTD FPO [BHM]
AU:BHM
|
$1.20 Million |
|
Companhia Tecidos Santanense Ltda
SA:CTSA3
|
$1.20 Million |
|
NORTHERN LION GOLD
F:N3EN
|
$1.20 Million |
|
Versarien plc
PINK:VRSRF
|
$1.20 Million |
|
HCW Biologics Inc
NASDAQ:HCWB
|
$1.20 Million |
|
ProAm Explorations Corp
V:PMX
|
$1.20 Million |
|
Jaxon Mining Inc
PINK:JXMNF
|
$1.20 Million |
|
Aprendere Skolor AB
ST:APRNDR
|
$1.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gitennes Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 29,257 to -218,707, a change of -247,964 (-847.5%).
- Net loss of 435,946 reduced equity.
- New share issuances of 50,000 increased equity.
- Other factors increased equity by 137,982.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-435.95K | -199.33% |
| Share Issuances | CA$50.00K | +22.86% |
| Other Changes | CA$137.98K | +63.09% |
| Total Change | CA$- | -847.54% |
Book Value vs Market Value Analysis
This analysis compares Gitennes Exploration 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 |
|---|---|---|---|
| 2017-12-31 | CA$0.03 | CA$0.27 | x |
| 2018-12-31 | CA$-0.02 | CA$0.27 | x |
| 2019-12-31 | CA$-0.02 | CA$0.27 | x |
| 2020-12-31 | CA$0.03 | CA$0.27 | x |
| 2021-12-31 | CA$0.01 | CA$0.27 | x |
| 2022-12-31 | CA$0.01 | CA$0.27 | x |
| 2023-12-31 | CA$-0.03 | CA$0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gitennes Exploration Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-554.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -113.53% | 0.00% | 0.00x | 1.48x | CA$-112.67K |
| 2014 | 82.85% | 0.00% | 0.00x | 1.07x | CA$387.46K |
| 2015 | -3160.14% | 0.00% | 0.00x | 3.68x | CA$-517.18K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-127.13K |
| 2017 | -483.55% | 0.00% | 0.00x | 1.96x | CA$-1.09 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-582.36K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-597.02K |
| 2020 | -137.80% | 0.00% | 0.00x | 1.82x | CA$-1.29 Million |
| 2021 | -291.09% | 0.00% | 0.00x | 1.50x | CA$-1.79 Million |
| 2022 | -1992.75% | 0.00% | 0.00x | 8.38x | CA$-585.94K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-414.08K |
Industry Comparison
This section compares Gitennes Exploration Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,377,612
- Average return on equity (ROE) among peers: -64.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gitennes Exploration Inc (GIT) | CA$-317.12K | -113.53% | N/A | $1.20 Million |
| Athabasca Minerals Inc (ABM) | $15.70 Million | -17.12% | 0.23x | $3.80 Million |
| AIS Resources Ltd (AIS) | $795.46K | 10.73% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $-959.40K | 0.00% | 0.00x | $7.66 Million |
| Alliance Mining Corp (ALM) | $-1.94 Million | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-194.53K | 0.00% | 0.00x | $311.02K |
| Antler Gold Inc (ANTL) | $843.01K | -532.08% | 0.21x | $3.41 Million |
| Apogee Minerals Ltd (APMI) | $651.09K | -41.52% | 0.03x | $995.72K |
| Awale Resources Ltd (ARIC) | $9.84 Million | -8.05% | 0.14x | $36.36 Million |
| Au Gold Corp (AUGC) | $1.73 Million | -6.53% | 0.01x | $4.47 Million |
| AUX Resources Corporation (AUX) | $7.31 Million | -49.10% | 0.03x | $11.34 Million |