Rockridge Resources Ltd (ROCK) - Net Assets
Based on the latest financial reports, Rockridge Resources Ltd (ROCK) has net assets worth CA$26.13 Million CAD (≈ $18.90 Million USD) as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$29.64 Million ≈ $21.44 Million USD) and total liabilities (CA$3.52 Million ≈ $2.54 Million USD). 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. Check ROCK cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$26.13 Million |
| % of Total Assets | 88.14% |
| Annual Growth Rate | 69.97% |
| 5-Year Change | 72.87% |
| 10-Year Change | N/A |
| Growth Volatility | 96.29 |
Rockridge Resources Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Rockridge Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Rockridge Resources Ltd for the complete picture of this company's asset base.
Annual Net Assets for Rockridge Resources Ltd (2016–2024)
The table below shows the annual net assets of Rockridge Resources Ltd from 2016 to 2024. For live valuation and market cap data, see ROCK stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | CA$7.24 Million ≈ $5.24 Million |
+7.37% |
| 2023-07-31 | CA$6.74 Million ≈ $4.88 Million |
+1.61% |
| 2022-07-31 | CA$6.64 Million ≈ $4.80 Million |
+23.11% |
| 2021-07-31 | CA$5.39 Million ≈ $3.90 Million |
+28.72% |
| 2020-07-31 | CA$4.19 Million ≈ $3.03 Million |
+64.01% |
| 2019-07-31 | CA$2.55 Million ≈ $1.85 Million |
+279.86% |
| 2018-07-31 | CA$672.35K ≈ $486.37K |
+209.23% |
| 2017-07-31 | CA$217.43K ≈ $157.29K |
+109.17% |
| 2016-07-31 | CA$103.95K ≈ $75.20K |
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Equity Component Analysis
This analysis shows how different components contribute to Rockridge 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 6874855100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$75.99 Million | 1049.41% |
| Total Equity | CA$7.24 Million | 100.00% |
Rockridge Resources Ltd Competitors by Market Cap
The table below lists competitors of Rockridge Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
G Collado S.A.B. de C.V
MX:COLLADO
|
$86.35 Million |
|
MSC Co. Ltd
KQ:009780
|
$86.35 Million |
|
BaoMinh Insurance Corp
VN:BMI
|
$86.37 Million |
|
NFC Corporation
KQ:265740
|
$86.44 Million |
|
Hanil Iron & S
KO:002220
|
$86.32 Million |
|
JASTECH Ltd
KQ:090470
|
$86.32 Million |
|
AGF A/S
CO:AGF-B
|
$86.26 Million |
|
Biomea Fusion Inc
NASDAQ:BMEA
|
$86.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rockridge Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,743,977 to 7,241,169, a change of 497,192 (7.4%).
- Net income of 1,478,832 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,200,275.
- Other factors increased equity by 218,635.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.48 Million | +20.42% |
| Other Comprehensive Income | CA$-1.20 Million | -16.58% |
| Other Changes | CA$218.63K | +3.02% |
| Total Change | CA$- | 7.37% |
Book Value vs Market Value Analysis
This analysis compares Rockridge 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: 5.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 143.72x to 5.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-07-31 | CA$0.03 | CA$4.06 | x |
| 2018-07-31 | CA$0.06 | CA$4.06 | x |
| 2019-07-31 | CA$0.13 | CA$4.06 | x |
| 2020-07-31 | CA$0.13 | CA$4.06 | x |
| 2021-07-31 | CA$0.09 | CA$4.06 | x |
| 2022-07-31 | CA$0.08 | CA$4.06 | x |
| 2023-07-31 | CA$0.06 | CA$4.06 | x |
| 2024-07-31 | CA$0.74 | CA$4.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rockridge Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.81x
- Recent ROE (20.42%) is above the historical average (-18.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -5.30% | 0.00% | 0.00x | 1.23x | CA$-33.26K |
| 2018 | -20.78% | 0.00% | 0.00x | 1.02x | CA$-206.92K |
| 2019 | -48.41% | 0.00% | 0.00x | 1.03x | CA$-1.49 Million |
| 2020 | -29.90% | 0.00% | 0.00x | 1.02x | CA$-1.67 Million |
| 2021 | -31.93% | -28884.58% | 0.00x | 1.00x | CA$-2.26 Million |
| 2022 | -17.37% | -4612444.00% | 0.00x | 1.01x | CA$-1.82 Million |
| 2023 | -10.80% | 0.00% | 0.00x | 1.03x | CA$-1.40 Million |
| 2024 | 20.42% | 0.00% | 0.00x | 1.81x | CA$754.72K |
Industry Comparison
This section compares Rockridge 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: $14,613,271
- Average return on equity (ROE) among peers: -28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rockridge Resources Ltd (ROCK) | CA$26.13 Million | -5.30% | 0.13x | $86.34 Million |
| Aftermath Silver Ltd (AAG) | $1.38 Million | -190.49% | 0.19x | $185.75 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $-2.16 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $71.72 Million | -9.02% | 0.02x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $29.17 Million | -31.05% | 4.18x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $332.39 Million |
About Rockridge Resources Ltd
Trident Resources Corp. engages in the identification, acquisition, exploration, and development of mineral, and oil and gas resource properties in North America. The company explores for gold, silver, and uranium deposits. It owns 100% interest in the Bell Mountain gold-silver property that consists of 174 unpatented lode claims covering a land package of 1,463 hectares located in southeast of R… Read more