Sokoman Minerals Corp (SIC) - Net Assets
Based on the latest financial reports, Sokoman Minerals Corp (SIC) has net assets worth CA$4.90 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$5.14 Million) and total liabilities (CA$241.75K). 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$4.90 Million |
| % of Total Assets | 95.3% |
| Annual Growth Rate | 27.04% |
| 5-Year Change | 128.37% |
| 10-Year Change | 1621.81% |
| Growth Volatility | 140.68 |
Sokoman Minerals Corp - Net Assets Trend (2006–2024)
This chart illustrates how Sokoman Minerals 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 Sokoman Minerals Corp (2006–2024)
The table below shows the annual net assets of Sokoman Minerals Corp from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$7.79 Million | +47.65% |
| 2023-06-30 | CA$5.28 Million | -51.40% |
| 2022-06-30 | CA$10.86 Million | -33.60% |
| 2021-06-30 | CA$16.36 Million | +379.23% |
| 2020-06-30 | CA$3.41 Million | -10.93% |
| 2019-06-30 | CA$3.83 Million | +180.89% |
| 2018-06-30 | CA$1.36 Million | +126.22% |
| 2017-06-30 | CA$603.02K | +115.58% |
| 2016-06-30 | CA$279.72K | -38.21% |
| 2015-06-30 | CA$452.67K | -7.13% |
| 2014-06-30 | CA$487.42K | -32.70% |
| 2013-06-30 | CA$724.30K | -15.12% |
| 2012-06-30 | CA$853.34K | -41.34% |
| 2011-06-30 | CA$1.45 Million | +17.84% |
| 2010-06-30 | CA$1.23 Million | +145.76% |
| 2009-06-30 | CA$502.35K | +434.23% |
| 2008-06-30 | CA$94.03K | -61.86% |
| 2007-06-30 | CA$246.56K | +135.08% |
| 2006-06-30 | CA$104.88K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sokoman Minerals 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 4473032900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$52.53 Million | 673.96% |
| Total Equity | CA$7.79 Million | 100.00% |
Sokoman Minerals Corp Competitors by Market Cap
The table below lists competitors of Sokoman Minerals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nasmedia Co. Ltd
KQ:089600
|
$90.72 Million |
|
09women Co. Ltd.
KQ:366030
|
$90.73 Million |
|
Big Ridge Gold Corp
V:BRAU
|
$90.73 Million |
|
Toma as
PR:TOMA
|
$90.74 Million |
|
Keck Seng Investments (Hong Kong) Limited
F:KEC
|
$90.68 Million |
|
TECH.OLYMPIC NA EO 5
F:TQZA
|
$90.68 Million |
|
Rua Gold Inc.
V:RUA
|
$90.67 Million |
|
Stella Holdings Bhd
KLSE:5006
|
$90.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sokoman Minerals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,278,550 to 7,794,042, a change of 2,515,492 (47.7%).
- Net loss of 1,042,694 reduced equity.
- New share issuances of 3,711,035 increased equity.
- Other comprehensive income decreased equity by 1,806,867.
- Other factors increased equity by 1,654,018.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.04 Million | -13.38% |
| Share Issuances | CA$3.71 Million | +47.61% |
| Other Comprehensive Income | CA$-1.81 Million | -23.18% |
| Other Changes | CA$1.65 Million | +21.22% |
| Total Change | CA$- | 47.65% |
Book Value vs Market Value Analysis
This analysis compares Sokoman Minerals 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: 10.49x
- 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 increased from 0.57x to 10.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | CA$0.50 | CA$0.29 | x |
| 2007-06-30 | CA$0.74 | CA$0.29 | x |
| 2008-06-30 | CA$0.20 | CA$0.29 | x |
| 2009-06-30 | CA$0.23 | CA$0.29 | x |
| 2010-06-30 | CA$0.34 | CA$0.29 | x |
| 2011-06-30 | CA$0.27 | CA$0.29 | x |
| 2012-06-30 | CA$0.11 | CA$0.29 | x |
| 2013-06-30 | CA$0.07 | CA$0.29 | x |
| 2014-06-30 | CA$0.04 | CA$0.29 | x |
| 2015-06-30 | CA$0.03 | CA$0.29 | x |
| 2016-06-30 | CA$0.02 | CA$0.29 | x |
| 2017-06-30 | CA$0.02 | CA$0.29 | x |
| 2018-06-30 | CA$0.03 | CA$0.29 | x |
| 2019-06-30 | CA$0.04 | CA$0.29 | x |
| 2020-06-30 | CA$0.03 | CA$0.29 | x |
| 2021-06-30 | CA$0.11 | CA$0.29 | x |
| 2022-06-30 | CA$0.05 | CA$0.29 | x |
| 2023-06-30 | CA$0.02 | CA$0.29 | x |
| 2024-06-30 | CA$0.03 | CA$0.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sokoman Minerals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-13.38%) is above the historical average (-115.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -3.92% | 0.00% | 0.00x | 1.33x | CA$-14.60K |
| 2007 | -8.17% | -497.24% | 0.02x | 1.05x | CA$-44.80K |
| 2008 | -191.06% | 0.00% | 0.00x | 1.20x | CA$-189.06K |
| 2009 | -402.12% | -63343.40% | 0.01x | 1.06x | CA$-2.07 Million |
| 2010 | -123.59% | 0.00% | 0.00x | 1.10x | CA$-1.65 Million |
| 2011 | -121.13% | 0.00% | 0.00x | 1.09x | CA$-1.91 Million |
| 2012 | -261.10% | 0.00% | 0.00x | 1.28x | CA$-2.31 Million |
| 2013 | -292.96% | 0.00% | 0.00x | 1.11x | CA$-2.19 Million |
| 2014 | -92.70% | 0.00% | 0.00x | 1.10x | CA$-500.61K |
| 2015 | -27.56% | 0.00% | 0.00x | 1.14x | CA$-170.02K |
| 2016 | -61.83% | -56891.12% | 0.00x | 1.20x | CA$-200.92K |
| 2017 | -60.91% | -150536.48% | 0.00x | 1.12x | CA$-427.61K |
| 2018 | -38.27% | 0.00% | 0.00x | 1.05x | CA$-658.48K |
| 2019 | -90.84% | 0.00% | 0.00x | 1.02x | CA$-3.86 Million |
| 2020 | -72.52% | 0.00% | 0.00x | 1.05x | CA$-2.82 Million |
| 2021 | -23.08% | 0.00% | 0.00x | 1.04x | CA$-5.41 Million |
| 2022 | -112.93% | 0.00% | 0.00x | 1.15x | CA$-13.35 Million |
| 2023 | -188.30% | 0.00% | 0.00x | 1.27x | CA$-10.47 Million |
| 2024 | -13.38% | 0.00% | 0.00x | 1.03x | CA$-1.82 Million |
Industry Comparison
This section compares Sokoman Minerals 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 |
|---|---|---|---|---|
| Sokoman Minerals Corp (SIC) | CA$4.90 Million | -3.92% | 0.05x | $90.70 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 Sokoman Minerals Corp
Pirate Gold Corp., an exploration-stage company, engages in the acquisition and exploration of mineral properties in Canada. It primarily focuses on its portfolio of gold projects located in the province of Newfoundland and Labrador. The company's flagship project is the 100% owned Moosehead gold property, which consist of 98 claims covering an area of approximately 2,450 hectares located in cent… Read more