Avarone Metals Inc
Avarone Metals Inc., an exploration stage company, focuses on the acquisition, exploration, and development of resource properties in Canada. The company was formerly known as Remstar Resources Ltd. and changed its name to Avarone Metals Inc. in January 2014. Avarone Metals Inc. was incorporated in 1993 and is headquartered in Vancouver, Canada.
Avarone Metals Inc (AVRTF) - Total Assets
Latest total assets as of April 2025: $3.46K USD
Based on the latest financial reports, Avarone Metals Inc (AVRTF) holds total assets worth $3.46K USD as of April 2025.
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.
Avarone Metals Inc - Total Assets Trend (2001–2024)
This chart illustrates how Avarone Metals Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Avarone Metals Inc - Asset Composition Analysis
Current Asset Composition (July 2024)
Avarone Metals Inc's total assets of $3.46K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 22.7% |
| Accounts Receivable | $15.08K | 77.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2001–2024)
This chart illustrates how Avarone Metals 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: Avarone Metals Inc's current assets represent 100.0% of total assets in 2024, unchanged from 100.0% in 2001.
- Cash Position: Cash and equivalents constituted 22.7% of total assets in 2024, down from 97.1% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2001.
- Asset Diversification: The largest asset category is accounts receivable at 77.3% of total assets.
Avarone Metals Inc Competitors by Total Assets
Key competitors of Avarone Metals Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Galileo Resources Plc
LSE:GLR
|
UK | GBX14.28 Million |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Shengda Mining Co Ltd
SHE:000603
|
China | CN¥7.11 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
China | CN¥14.74 Billion |
|
China Tungsten and Hightech Materials Co Ltd
SHE:000657
|
China | CN¥20.78 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
China | CN¥8.41 Billion |
|
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd
SHE:000758
|
China | CN¥23.09 Billion |
|
Huludao Zinc Industry Co Ltd
SHE:000751
|
China | CN¥10.04 Billion |
Avarone Metals 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 - Avarone Metals 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 - Avarone Metals Inc is currently not profitable relative to its asset base.
Avarone Metals 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 | 0.00 | 0.01 | 0.01 |
| Quick Ratio | 0.00 | 0.03 | 0.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.90 Million | $ -1.48 Million | $ -924.86K |
Avarone Metals Inc - Advanced Valuation Insights
This section examines the relationship between Avarone Metals 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 | 10.73 |
| Latest Market Cap to Assets Ratio | 5.16 |
| Asset Growth Rate (YoY) | -58.2% |
| Total Assets | $19.50K |
| Market Capitalization | $100.56K USD |
Valuation Analysis
Premium Asset Valuation: The market values Avarone Metals Inc's assets at a significant premium ( 5.16x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Avarone Metals Inc's assets decreased by 58.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Avarone Metals Inc (2001–2024)
The table below shows the annual total assets of Avarone Metals Inc from 2001 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-07-31 | $19.50K | -58.25% |
| 2023-07-31 | $46.71K | -66.92% |
| 2022-07-31 | $141.22K | -28.37% |
| 2021-07-31 | $197.14K | -24.16% |
| 2020-07-31 | $259.94K | +185.48% |
| 2019-07-31 | $91.05K | +56.25% |
| 2018-07-31 | $58.28K | -9.79% |
| 2017-07-31 | $64.60K | -42.09% |
| 2016-07-31 | $111.56K | -58.40% |
| 2015-07-31 | $268.16K | +367.80% |
| 2014-07-31 | $57.32K | -19.58% |
| 2013-07-31 | $71.28K | -6.17% |
| 2012-07-31 | $75.97K | -89.94% |
| 2011-07-31 | $755.05K | -58.48% |
| 2010-07-31 | $1.82 Million | +8.29% |
| 2009-07-31 | $1.68 Million | -26.33% |
| 2008-07-31 | $2.28 Million | -18.89% |
| 2007-07-31 | $2.81 Million | +109.92% |
| 2006-07-31 | $1.34 Million | +1540.86% |
| 2005-07-31 | $81.60K | +685.18% |
| 2004-07-31 | $10.39K | -83.74% |
| 2003-07-31 | $63.90K | -54.56% |
| 2002-07-31 | $140.64K | -27.41% |
| 2001-07-31 | $193.73K | -- |