Lovitt Resources Inc
Lovitt Resources Inc., through its subsidiary, Lovitt Mining Company, Inc., engages in the acquisition, exploration, and development of mineral properties in the United States and Canada. The company primarily explores for gold and silver deposits. It holds interests in the Lovitt gold mine; and other mining assets consisting of approximately 285 acres of land adjoining of Wenatchee, Washington. … Read more
Lovitt Resources Inc (LRCFF) - Total Assets
Latest total assets as of March 2023: $1.06 Million USD
Based on the latest financial reports, Lovitt Resources Inc (LRCFF) holds total assets worth $1.06 Million USD as of March 2023.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Lovitt Resources Inc - Total Assets Trend (2015–2022)
This chart illustrates how Lovitt Resources Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Lovitt Resources Inc - Asset Composition Analysis
Current Asset Composition (June 2022)
Lovitt Resources Inc's total assets of $1.06 Million consist of 0.6% current assets and 99.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.4% |
| Accounts Receivable | $1.46K | 0.1% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $947.11K | 92.4% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2015–2022)
This chart illustrates how Lovitt Resources Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Lovitt Resources Inc's current assets represent 0.6% of total assets in 2022, a decrease from 1.9% in 2015.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2022, down from 1.7% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2015.
- Asset Diversification: The largest asset category is property, plant & equipment at 92.4% of total assets.
Lovitt Resources Inc Competitors by Total Assets
Key competitors of Lovitt Resources Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
Lovitt Resources Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Lovitt Resources Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Lovitt Resources Inc is currently not profitable relative to its asset base.
Lovitt Resources Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.03 | 0.08 | 0.06 |
| Quick Ratio | 0.03 | 0.08 | 0.06 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.01 Million | $ -1.79 Million | $ -1.03 Million |
Lovitt Resources Inc - Advanced Valuation Insights
This section examines the relationship between Lovitt Resources Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.21 |
| Asset Growth Rate (YoY) | 3.3% |
| Total Assets | $1.03 Million |
| Market Capitalization | $219.03K USD |
Valuation Analysis
Below Book Valuation: The market values Lovitt Resources Inc's assets below their book value (0.21 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Lovitt Resources Inc's assets grew by 3.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Lovitt Resources Inc (2015–2022)
The table below shows the annual total assets of Lovitt Resources Inc from 2015 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-06-30 | $1.03 Million | +3.30% |
| 2021-06-30 | $992.59K | +14.98% |
| 2019-06-30 | $863.30K | +8.67% |
| 2017-06-30 | $794.46K | +11.63% |
| 2016-06-30 | $711.70K | -5.77% |
| 2016-03-31 | $755.24K | -11.76% |
| 2015-06-30 | $855.87K | -- |