Scorpio Gold Corp (SGN) - Net Assets
Based on the latest financial reports, Scorpio Gold Corp (SGN) has net assets worth CA$18.07 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$20.39 Million) and total liabilities (CA$2.33 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$18.07 Million |
| % of Total Assets | 88.59% |
| Annual Growth Rate | 2.89% |
| 5-Year Change | -96.69% |
| 10-Year Change | -96.56% |
| Growth Volatility | 209.85 |
Scorpio Gold Corp - Net Assets Trend (2006–2024)
This chart illustrates how Scorpio Gold 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 Scorpio Gold Corp (2006–2024)
The table below shows the annual net assets of Scorpio Gold Corp from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$349.09K | -87.40% |
| 2023-12-31 | CA$2.77 Million | -42.59% |
| 2022-12-31 | CA$4.83 Million | -25.28% |
| 2021-12-31 | CA$6.46 Million | -38.75% |
| 2020-12-31 | CA$10.54 Million | +9.24% |
| 2019-12-31 | CA$9.65 Million | +96.96% |
| 2018-12-31 | CA$4.90 Million | -9.48% |
| 2017-12-31 | CA$5.41 Million | -49.14% |
| 2016-12-31 | CA$10.64 Million | +4.90% |
| 2015-12-31 | CA$10.15 Million | -61.49% |
| 2014-12-31 | CA$26.35 Million | -52.00% |
| 2013-12-31 | CA$54.90 Million | -13.01% |
| 2012-12-31 | CA$63.11 Million | +41.94% |
| 2011-12-31 | CA$44.46 Million | +47.22% |
| 2010-12-31 | CA$30.20 Million | +855.46% |
| 2009-12-31 | CA$3.16 Million | +230.27% |
| 2008-12-31 | CA$957.02K | +218.01% |
| 2007-12-31 | CA$300.94K | +43.88% |
| 2006-12-31 | CA$209.16K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Scorpio Gold 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 8096391000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$81.31 Million | 23293.05% |
| Total Equity | CA$349.09K | 100.00% |
Scorpio Gold Corp Competitors by Market Cap
The table below lists competitors of Scorpio Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sherwood Corporation (Thailand) Public Company Limited
BK:SWC
|
$69.64 Million |
|
Phoenix Vega Mezz PLC
AT:PVMEZZ
|
$69.65 Million |
|
Formet Celik Kapi Sanayi ve Ticaret AS
IS:FORMT
|
$69.66 Million |
|
Velan Inc.
TO:VLN
|
$69.67 Million |
|
DEMAE-CAN CO. LTD.
F:1H7
|
$69.62 Million |
|
Kingstate Electronics
TWO:3206
|
$69.61 Million |
|
Onyx Gold Corp.
V:ONYX
|
$69.61 Million |
|
Abitibi Metals Corp.
F:FW0
|
$69.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Scorpio Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,770,338 to 349,087, a change of -2,421,251 (-87.4%).
- Net loss of 15,251,517 reduced equity.
- New share issuances of 5,853,973 increased equity.
- Other comprehensive income decreased equity by 7,167,690.
- Other factors increased equity by 14,143,983.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-15.25 Million | -4368.97% |
| Share Issuances | CA$5.85 Million | +1676.94% |
| Other Comprehensive Income | CA$-7.17 Million | -2053.27% |
| Other Changes | CA$14.14 Million | +4051.71% |
| Total Change | CA$- | -87.40% |
Book Value vs Market Value Analysis
This analysis compares Scorpio Gold 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: 134.92x
- 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 increased from 0.15x to 134.92x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CA$2.35 | CA$0.36 | x |
| 2007-12-31 | CA$2.50 | CA$0.36 | x |
| 2008-12-31 | CA$0.60 | CA$0.36 | x |
| 2009-12-31 | CA$1.70 | CA$0.36 | x |
| 2010-12-31 | CA$6.18 | CA$0.36 | x |
| 2011-12-31 | CA$6.68 | CA$0.36 | x |
| 2012-12-31 | CA$8.34 | CA$0.36 | x |
| 2013-12-31 | CA$6.88 | CA$0.36 | x |
| 2014-12-31 | CA$3.98 | CA$0.36 | x |
| 2015-12-31 | CA$1.90 | CA$0.36 | x |
| 2016-12-31 | CA$1.87 | CA$0.36 | x |
| 2017-12-31 | CA$1.34 | CA$0.36 | x |
| 2018-12-31 | CA$1.30 | CA$0.36 | x |
| 2019-12-31 | CA$1.39 | CA$0.36 | x |
| 2020-12-31 | CA$1.22 | CA$0.36 | x |
| 2021-12-31 | CA$0.52 | CA$0.36 | x |
| 2022-12-31 | CA$0.24 | CA$0.36 | x |
| 2023-12-31 | CA$0.10 | CA$0.36 | x |
| 2024-12-31 | CA$0.00 | CA$0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Scorpio Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4368.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 49.07x
- Recent ROE (-4368.97%) is below the historical average (-264.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -4.16% | 0.00% | 0.00x | 1.11x | CA$-29.62K |
| 2007 | -66.91% | 0.00% | 0.00x | 1.09x | CA$-231.47K |
| 2008 | -42.73% | -136336.82% | 0.00x | 1.95x | CA$-504.60K |
| 2009 | -47.53% | -148113.34% | 0.00x | 1.56x | CA$-1.82 Million |
| 2010 | -10.43% | -22611.63% | 0.00x | 1.77x | CA$-4.85 Million |
| 2011 | -15.97% | 0.00% | 0.00x | 1.52x | CA$-9.98 Million |
| 2012 | 14.68% | 15.05% | 0.60x | 1.64x | CA$2.53 Million |
| 2013 | -14.22% | -12.43% | 0.71x | 1.60x | CA$-11.57 Million |
| 2014 | -72.92% | -38.71% | 1.27x | 1.48x | CA$-22.90 Million |
| 2015 | -122.68% | -36.26% | 1.62x | 2.08x | CA$-17.48 Million |
| 2016 | -3.01% | -0.91% | 1.55x | 2.12x | CA$-1.69 Million |
| 2017 | -39.71% | -13.64% | 1.52x | 1.91x | CA$-4.61 Million |
| 2018 | -2.96% | -2.72% | 0.59x | 1.86x | CA$-1.17 Million |
| 2019 | -15.02% | -27.63% | 0.34x | 1.60x | CA$-2.42 Million |
| 2020 | -13.45% | -28.53% | 0.26x | 1.80x | CA$-2.47 Million |
| 2021 | -72.41% | -144.55% | 0.23x | 2.14x | CA$-5.32 Million |
| 2022 | -45.81% | 0.00% | 0.00x | 2.99x | CA$-2.69 Million |
| 2023 | -82.05% | 0.00% | 0.00x | 5.30x | CA$-2.55 Million |
| 2024 | -4368.97% | 0.00% | 0.00x | 49.07x | CA$-15.29 Million |
Industry Comparison
This section compares Scorpio Gold 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 |
|---|---|---|---|---|
| Scorpio Gold Corp (SGN) | CA$18.07 Million | -4.16% | 0.13x | $69.62 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 Scorpio Gold Corp
Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. The company explores for gold deposits. Its flagship property is the 100% owned Manhattan project, which comprises the Goldwedge Mine, the Kinross Manhattan properties, and the Keystone and Jumbo deposits covering an area of 6,071… Read more