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 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) and total liabilities (CA$954.41K). 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$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. Explore and compare other companies by net assets.
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.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$433.91K | -54.53% |
| 2023-12-31 | CA$954.31K | -30.00% |
| 2022-12-31 | CA$1.36 Million | -35.99% |
| 2021-12-31 | CA$2.13 Million | -1.21% |
| 2020-12-31 | CA$2.16 Million | +113.91% |
| 2019-12-31 | CA$1.01 Million | +1096.33% |
| 2018-12-31 | CA$84.24K | -- |
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 |
|---|---|
|
Polar Capital Global Healthcare Trust plc
LSE:PCGH
|
$4.85 Million |
|
Manydev Studio SE
WAR:MAN
|
$4.85 Million |
|
Argentum Silver Corp
V:ASL
|
$4.85 Million |
|
International Research Corporation Public Company Limited
BK:IRCP
|
$4.86 Million |
|
ROVSING AS IN. DK 50
F:RVY
|
$4.85 Million |
|
City Office
NYSE:CIO
|
$4.84 Million |
|
Horizon Petroleum Ltd
V:HPL
|
$4.84 Million |
|
Mclaren Minerals Ltd
AU:MML
|
$4.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smooth Rock Ventures Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 954,310 to 433,909, a change of -520,401 (-54.5%).
- Net loss of 520,401 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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: 11.80x
- 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 47.90x to 11.80x 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$0.42 | x |
| 2019-12-31 | CA$0.07 | CA$0.42 | x |
| 2020-12-31 | CA$0.09 | CA$0.42 | x |
| 2021-12-31 | CA$0.09 | CA$0.42 | x |
| 2022-12-31 | CA$0.06 | CA$0.42 | x |
| 2023-12-31 | CA$0.08 | CA$0.42 | x |
| 2024-12-31 | CA$0.04 | CA$0.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smooth Rock Ventures Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -119.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 3.23x
- Recent ROE (-119.93%) is above the historical average (-188.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -982.76% | 0.00% | 0.00x | 1.41x | CA$-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: $-404,510
- Average return on equity (ROE) among peers: 31.84%
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 | $4.85 Million |
| Aftermath Silver Ltd (AAG) | $25.06 Million | -33.91% | 0.29x | $215.07 Million |
| Aton Resources Inc (AAN) | $-1.50 Million | 0.00% | 0.00x | $52.55 Million |
| Asbestos Corporation Limited (AB-H) | $-22.33 Million | 0.00% | 0.00x | $1.85 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.15 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $5.75 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| AE Fuels Corporation (AEF) | $423.41K | -11.49% | 0.28x | $4.95 Million |
| Alphamin Res (AFM) | $272.15K | -48.58% | 0.07x | $1.27 Billion |
| African Metals Corporation (AFR) | $2.33 Million | 446.81% | 0.22x | $1.00 Million |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $148.73 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