Lovitt Resources Inc (LRC-H) - Net Assets
Based on the latest financial reports, Lovitt Resources Inc (LRC-H) has net assets worth CA$-1.01 Million CAD as of March 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.06 Million) and total liabilities (CA$2.07 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-1.01 Million |
| % of Total Assets | -95.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Lovitt Resources Inc - Net Assets Trend (2017–2022)
This chart illustrates how Lovitt 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 Lovitt Resources Inc (2017–2022)
The table below shows the annual net assets of Lovitt Resources Inc from 2017 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-03-31 | CA$-941.63K | -14.64% |
| 2021-03-31 | CA$-821.38K | -14.33% |
| 2019-03-31 | CA$-718.45K | -25.07% |
| 2018-03-31 | CA$-574.45K | -90.35% |
| 2017-03-31 | CA$-301.78K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lovitt 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 122507800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$4.94 Million | % |
| Other Components | CA$876.95K | % |
| Total Equity | CA$-941.63K | 100.00% |
Lovitt Resources Inc Competitors by Market Cap
The table below lists competitors of Lovitt Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ExpreS2ion Biotech Holding AB
ST:EXPRS2
|
$866.19K |
|
Chrysalis 12 Inc.
V:RTO-P
|
$868.06K |
|
OSX Brasil S.A
SA:OSXB3
|
$870.96K |
|
Ten Lifestyle Group PLC
LSE:TENG
|
$872.65K |
|
Hertz Energy Inc.
F:A340
|
$862.74K |
|
Sirius Media
PA:ALSRS
|
$862.19K |
|
METAVISIO EO1
F:Y2Z
|
$861.51K |
|
Michelmersh Brick Holdings Plc
LSE:MBH
|
$860.39K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lovitt Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -821,377 to -941,631, a change of -120,254.
- Net loss of 256,575 reduced equity.
- New share issuances of 168,310 increased equity.
- Other factors decreased equity by 31,989.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-256.57K | -27.25% |
| Share Issuances | CA$168.31K | +17.87% |
| Other Changes | CA$-31.99K | -3.4% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Lovitt Resources Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | CA$-0.03 | CA$0.08 | x |
| 2018-03-31 | CA$-0.06 | CA$0.08 | x |
| 2019-03-31 | CA$-0.08 | CA$0.08 | x |
| 2021-03-31 | CA$-0.07 | CA$0.08 | x |
| 2022-03-31 | CA$-0.06 | CA$0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lovitt 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): 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 below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$145.52K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-209.68K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-73.99K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-197.78K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-162.41K |
Industry Comparison
This section compares Lovitt Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lovitt Resources Inc (LRC-H) | CA$-1.01 Million | 0.00% | N/A | $863.32K |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About Lovitt Resources Inc
Lovitt Resources Inc., through its subsidiary, Lovitt Mining Company, Inc., engages in the acquisition, exploration, and development of mineral properties in the United States and Canada. The company primarily explores for gold and silver deposits. It holds interests in the Lovitt gold mine; and other mining assets consisting of approximately 285 acres of land adjoining of Wenatchee, Washington. … Read more