Rover Metals Corp (ROVR) - Net Assets
Based on the latest financial reports, Rover Metals Corp (ROVR) has net assets worth CA$4.88 Million CAD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.87 Million) and total liabilities (CA$992.88K). 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$4.88 Million |
| % of Total Assets | 83.08% |
| Annual Growth Rate | 34.09% |
| 5-Year Change | 215.0% |
| 10-Year Change | 4467.05% |
| Growth Volatility | 344.67 |
Rover Metals Corp - Net Assets Trend (2011–2024)
This chart illustrates how Rover Metals 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 Rover Metals Corp (2011–2024)
The table below shows the annual net assets of Rover Metals Corp from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.49 Million | +0.38% |
| 2023-12-31 | CA$4.47 Million | -5.85% |
| 2022-12-31 | CA$4.75 Million | +27.97% |
| 2021-12-31 | CA$3.71 Million | +160.45% |
| 2020-12-31 | CA$1.43 Million | +77.85% |
| 2019-12-31 | CA$801.80K | -33.10% |
| 2018-12-31 | CA$1.20 Million | +1286.92% |
| 2017-12-31 | CA$86.41K | -37.66% |
| 2016-12-31 | CA$138.61K | +40.93% |
| 2015-12-31 | CA$98.35K | -28.00% |
| 2014-12-31 | CA$136.61K | -54.07% |
| 2013-12-31 | CA$297.45K | -14.18% |
| 2012-12-31 | CA$346.61K | +249.91% |
| 2011-12-31 | CA$99.06K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rover Metals 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 788452300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$12.38 Million | 275.55% |
| Total Equity | CA$4.49 Million | 100.00% |
Rover Metals Corp Competitors by Market Cap
The table below lists competitors of Rover Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stelmine Canada Ltd
V:STH
|
$1.11 Million |
|
MultiMetaVerse Holdings Limited
NASDAQ:MMV
|
$1.11 Million |
|
Virax Biolabs Group Limited Ordinary Shares
NASDAQ:VRAX
|
$1.11 Million |
|
Boxlight Corp Class A
NASDAQ:BOXL
|
$1.11 Million |
|
Bounty Oil & Gas NL
AU:BUY
|
$1.10 Million |
|
Aberforth Geared Value &
LSE:AGVI
|
$1.10 Million |
|
Optiva Inc
TO:OPT
|
$1.10 Million |
|
Condmag Brasov
RO:COMI
|
$1.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rover Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,474,678 to 4,491,875, a change of 17,197 (0.4%).
- Net loss of 588,326 reduced equity.
- New share issuances of 512,674 increased equity.
- Other factors increased equity by 92,849.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-588.33K | -13.1% |
| Share Issuances | CA$512.67K | +11.41% |
| Other Changes | CA$92.85K | +2.07% |
| Total Change | CA$- | 0.38% |
Book Value vs Market Value Analysis
This analysis compares Rover Metals 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
- Current price-to-book ratio: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.14x to 0.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CA$1.41 | CA$0.20 | x |
| 2013-12-31 | CA$0.74 | CA$0.20 | x |
| 2014-12-31 | CA$0.35 | CA$0.20 | x |
| 2015-12-31 | CA$0.12 | CA$0.20 | x |
| 2016-12-31 | CA$0.37 | CA$0.20 | x |
| 2017-12-31 | CA$0.13 | CA$0.20 | x |
| 2018-12-31 | CA$0.18 | CA$0.20 | x |
| 2019-12-31 | CA$0.10 | CA$0.20 | x |
| 2020-12-31 | CA$0.14 | CA$0.20 | x |
| 2021-12-31 | CA$0.21 | CA$0.20 | x |
| 2022-12-31 | CA$0.19 | CA$0.20 | x |
| 2023-12-31 | CA$0.85 | CA$0.20 | x |
| 2024-12-31 | CA$0.63 | CA$0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rover Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.15x
- Recent ROE (-13.10%) is above the historical average (-55.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -19.48% | 0.00% | 0.00x | 1.09x | CA$-102.19K |
| 2013 | -16.53% | 0.00% | 0.00x | 1.16x | CA$-78.90K |
| 2014 | -117.74% | 0.00% | 0.00x | 1.36x | CA$-174.50K |
| 2015 | -38.90% | 0.00% | 0.00x | 1.06x | CA$-48.09K |
| 2016 | -32.42% | 0.00% | 0.00x | 1.01x | CA$-58.80K |
| 2017 | -60.40% | 0.00% | 0.00x | 1.09x | CA$-60.84K |
| 2018 | -143.34% | 0.00% | 0.00x | 1.18x | CA$-1.84 Million |
| 2019 | -97.14% | 0.00% | 0.00x | 1.31x | CA$-859.03K |
| 2020 | -56.90% | 0.00% | 0.00x | 1.34x | CA$-953.95K |
| 2021 | -45.11% | 0.00% | 0.00x | 1.19x | CA$-2.05 Million |
| 2022 | -31.53% | 0.00% | 0.00x | 1.07x | CA$-1.97 Million |
| 2023 | -43.45% | 0.00% | 0.00x | 1.14x | CA$-2.39 Million |
| 2024 | -13.10% | 0.00% | 0.00x | 1.15x | CA$-1.04 Million |
Industry Comparison
This section compares Rover Metals Corp'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 |
|---|---|---|---|---|
| Rover Metals Corp (ROVR) | CA$4.88 Million | -19.48% | 0.20x | $1.11 Million |
| 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 Rover Metals Corp
Rover Critical Minerals Corp., a natural resource exploration company, engages in the acquisition, exploitation, exploration, evaluation, and development of mineral properties in the United States and Canada. It primarily explores for lithium, gold, silver, and copper deposits. The company was formerly known as Rover Metals Corp. and changed its name to Rover Critical Minerals Corp. in February 2… Read more