Smooth Rock Ventures Corp (SMRV) - Net Assets
Based on the latest financial reports, Smooth Rock Ventures Corp (SMRV) has net assets worth CA$335.75K CAD (≈ $242.88K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.29 Million ≈ $933.29K USD) and total liabilities (CA$954.41K ≈ $690.41K 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 SMRV tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$335.75K |
| % of Total Assets | 26.02% |
| Annual Growth Rate | 31.41% |
| 5-Year Change | -79.87% |
| 10-Year Change | N/A |
| Growth Volatility | 412.84 |
Smooth Rock Ventures Corp - Net Assets Trend (2018–2024)
This chart illustrates how Smooth Rock Ventures Corp's net assets have evolved over time, based on quarterly financial data. See Smooth Rock Ventures Corp (SMRV) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Smooth Rock Ventures Corp (2018–2024)
The table below shows the annual net assets of Smooth Rock Ventures Corp from 2018 to 2024. For live valuation and market cap data, see Smooth Rock Ventures Corp (SMRV) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$433.91K ≈ $313.88K |
-54.53% |
| 2023-12-31 | CA$954.31K ≈ $690.33K |
-30.00% |
| 2022-12-31 | CA$1.36 Million ≈ $986.17K |
-35.99% |
| 2021-12-31 | CA$2.13 Million ≈ $1.54 Million |
-1.21% |
| 2020-12-31 | CA$2.16 Million ≈ $1.56 Million |
+113.91% |
| 2019-12-31 | CA$1.01 Million ≈ $729.05K |
+1096.33% |
| 2018-12-31 | CA$84.24K ≈ $60.94K |
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Equity Component Analysis
This analysis shows how different components contribute to Smooth Rock Ventures 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 342721600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$27.04 Million | 6231.66% |
| Total Equity | CA$433.91K | 100.00% |
Smooth Rock Ventures Corp Competitors by Market Cap
The table below lists competitors of Smooth Rock Ventures Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crown Confectionery Co Ltd Pref
KO:26490K
|
$4.26 Million |
|
Interoil Exploration and Production ASA
OL:IOX
|
$4.26 Million |
|
BOCANA RESOURCES CORP.
F:VC1
|
$4.26 Million |
|
Gibb River Diamonds Limited
F:PHO
|
$4.26 Million |
|
Alliance Pharma plc
LSE:APH
|
$4.26 Million |
|
Corus Entertainment Inc
TO:CJR-B
|
$4.26 Million |
|
Kokoh Inti Arebama Tbk
JK:KOIN
|
$4.25 Million |
|
Tarapur Transformers Limited
NSE:TARAPUR
|
$4.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smooth Rock Ventures Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 954,310 to 433,909, a change of -520,401 (-54.5%).
- Net loss of 520,401 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-520.40K | -119.93% |
| Total Change | CA$- | -54.53% |
Book Value vs Market Value Analysis
This analysis compares Smooth Rock Ventures 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: 8.53x
- 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 34.62x to 8.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CA$0.01 | CA$0.30 | x |
| 2019-12-31 | CA$0.07 | CA$0.30 | x |
| 2020-12-31 | CA$0.09 | CA$0.30 | x |
| 2021-12-31 | CA$0.09 | CA$0.30 | x |
| 2022-12-31 | CA$0.06 | CA$0.30 | x |
| 2023-12-31 | CA$0.08 | CA$0.30 | x |
| 2024-12-31 | CA$0.04 | CA$0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smooth Rock Ventures Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -119.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 3.23x
- Recent ROE (-119.93%) is above the historical average (-188.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -982.76% | 0.00% | 0.00x | 1.41x | CA$-836.34K |
| 2019 | -51.41% | 0.00% | 0.00x | 1.08x | CA$-618.88K |
| 2020 | -31.35% | 0.00% | 0.00x | 1.07x | CA$-891.39K |
| 2021 | -15.16% | 0.00% | 0.00x | 1.18x | CA$-535.79K |
| 2022 | -65.21% | 0.00% | 0.00x | 1.46x | CA$-1.03 Million |
| 2023 | -52.51% | 0.00% | 0.00x | 1.97x | CA$-596.57K |
| 2024 | -119.93% | 0.00% | 0.00x | 3.23x | CA$-563.79K |
Industry Comparison
This section compares Smooth Rock Ventures Corp'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: $56,819,182
- Average return on equity (ROE) among peers: -34.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smooth Rock Ventures Corp (SMRV) | CA$335.75K | -982.76% | 2.84x | $4.26 Million |
| Aftermath Silver Ltd (AAG) | $23.92 Million | -29.78% | 0.34x | $197.70 Million |
| Aton Resources Inc (AAN) | $-1.00 Million | 0.00% | 0.00x | $39.65 Million |
| Arbor Metals Corp (ABR) | $562.48K | -95.48% | 1.10x | $8.53 Million |
| Asiabasemetals Inc (ABZ) | $-80.45K | 0.00% | 0.00x | $3.63 Million |
| Adex Mining Inc (ADE) | $-5.15 Million | 0.00% | 0.00x | $67.72 Million |
| Alphamin Res (AFM) | $101.79 Million | -2.69% | 0.21x | $1.34 Billion |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $140.25 Million |
| Amarc Resources Ltd. (AHR) | $7.18 Million | -145.12% | 0.06x | $159.74 Million |
| Almonty Industries Inc (AII) | $357.81 Million | -45.25% | 0.65x | $5.14 Billion |
| Aldebaran Resources Inc (ALDE) | $64.26 Million | -0.85% | 0.01x | $416.16 Million |
About Smooth Rock Ventures Corp
Smooth Rock Ventures Corp. engages in the acquisition and exploration of mineral properties. The company primarily explores for gold deposits. It holds a 100% undivided interest in the Palmetto Project comprising of 79 unpatented mining claims covering an area of 2117 acres located in Esmeralda County, Nevada; and the Giroux Project consisting of 12 patented claims and 36 unpatented mining claims… Read more