WestKam Gold Corp (WKG) - Net Assets
Based on the latest financial reports, WestKam Gold Corp (WKG) has net assets worth CA$-710.19K CAD as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$169.88K) and total liabilities (CA$880.07K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-710.19K |
| % of Total Assets | -418.05% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -104.96% |
| Growth Volatility | 36.92 |
WestKam Gold Corp - Net Assets Trend (2013–2024)
This chart illustrates how WestKam 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 WestKam Gold Corp (2013–2024)
The table below shows the annual net assets of WestKam Gold Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | CA$-675.30K | -3.79% |
| 2023-10-31 | CA$-650.65K | -41.59% |
| 2022-10-31 | CA$-459.53K | -17.42% |
| 2021-10-31 | CA$-391.36K | +39.09% |
| 2020-10-31 | CA$-642.52K | -104.86% |
| 2019-10-31 | CA$13.22 Million | -2.68% |
| 2018-10-31 | CA$13.58 Million | -2.47% |
| 2017-10-31 | CA$13.92 Million | -3.36% |
| 2016-10-31 | CA$14.41 Million | +5.78% |
| 2015-10-31 | CA$13.62 Million | -3.15% |
| 2014-10-31 | CA$14.06 Million | +6.19% |
| 2013-10-31 | CA$13.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WestKam 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 2188376100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$55.50 Million | % |
| Total Equity | CA$-675.30K | 100.00% |
WestKam Gold Corp Competitors by Market Cap
The table below lists competitors of WestKam Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VH Global Sustainable Energy Opportunities PLC
LSE:GSEO
|
$3.43 Million |
|
Fenbo Holdings Limited Ordinary Shares
NASDAQ:FEBO
|
$3.43 Million |
|
Nickel North Exploration Corp
V:NNX
|
$3.43 Million |
|
Supreme Engineering Limited
NSE:SUPREMEENG
|
$3.43 Million |
|
WEBUY GLOBAL LTD. Ordinary Shares
NASDAQ:WBUY
|
$3.42 Million |
|
Century Global Commodities Corp
TO:CNT
|
$3.42 Million |
|
Sylvania Platinum Limited
LSE:SLP
|
$3.42 Million |
|
Nobel29 Resources Corp
V:NBLC
|
$3.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WestKam Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -650,649 to -675,299, a change of -24,650.
- Net loss of 226,650 reduced equity.
- Other factors increased equity by 202,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-226.65K | -33.56% |
| Other Changes | CA$202.00K | +29.91% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares WestKam 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | CA$2.28 | CA$0.23 | x |
| 2018-10-31 | CA$1.83 | CA$0.23 | x |
| 2019-10-31 | CA$1.79 | CA$0.23 | x |
| 2020-10-31 | CA$-0.04 | CA$0.23 | x |
| 2021-10-31 | CA$-0.02 | CA$0.23 | x |
| 2022-10-31 | CA$-0.02 | CA$0.23 | x |
| 2023-10-31 | CA$-0.03 | CA$0.23 | x |
| 2024-10-31 | CA$-0.03 | CA$0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WestKam Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-4.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -2.99% | 0.00% | 0.00x | 1.05x | CA$-1.72 Million |
| 2014 | -8.53% | 0.00% | 0.00x | 1.04x | CA$-2.61 Million |
| 2015 | -6.68% | 0.00% | 0.00x | 1.06x | CA$-2.27 Million |
| 2016 | -14.90% | 0.00% | 0.00x | 1.02x | CA$-3.59 Million |
| 2017 | -10.31% | 0.00% | 0.00x | 1.04x | CA$-2.83 Million |
| 2018 | -11.40% | 0.00% | 0.00x | 1.07x | CA$-2.91 Million |
| 2019 | -2.75% | 0.00% | 0.00x | 1.10x | CA$-1.69 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-15.20 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-366.58K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-22.22K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-126.06K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-159.12K |
Industry Comparison
This section compares WestKam Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WestKam Gold Corp (WKG) | CA$-710.19K | -2.99% | N/A | $3.43 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 WestKam Gold Corp
WestKam Gold Corp. focuses on acquiring, exploring, evaluating, and developing gold and silver properties in Canada. It holds a 100% undivided interest in the Will Property comprising 1,142.47 hectares located in the Goldbridge Mining District in British Columbia. The company was formerly known as Encore Renaissance Resources Corp. and changed its name to WestKam Gold Corp. in April 2012. WestKam… Read more