Tap Resources Inc
Tap Resources, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. The company primarily focuses on exploring gold. Its mining exploration project is the Marowijine project located in the Republic of Suriname. The company is based in Paramaribo, Suriname.
Tap Resources Inc (TAPP) - Total Assets
Latest total assets as of February 2025: $266.44K USD
Based on the latest financial reports, Tap Resources Inc (TAPP) holds total assets worth $266.44K USD as of February 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.
Tap Resources Inc - Total Assets Trend (2010–2022)
This chart illustrates how Tap Resources Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Tap Resources Inc - Asset Composition Analysis
Current Asset Composition (November 2022)
Tap Resources Inc's total assets of $266.44K consist of 0.7% current assets and 99.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $1.12K | 0.7% |
| 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 (2010–2022)
This chart illustrates how Tap 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: Tap Resources Inc's current assets represent 0.7% of total assets in 2022, a decrease from 100.0% in 2010.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2022, down from 77.5% in 2010.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2010.
- Asset Diversification: The largest asset category is accounts receivable at 0.7% of total assets.
Tap Resources Inc Competitors by Total Assets
Key competitors of Tap Resources Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
WQN Inc
PINK:WQNI
|
USA | $1.39 Million |
|
XOX Technology Bhd
KLSE:0017
|
Malaysia | RM95.64 Million |
|
Beijing Bewinner Communications Co Ltd
SHE:002148
|
China | CN¥1.41 Billion |
|
Net263 Ltd
SHE:002467
|
China | CN¥2.46 Billion |
|
Runjian Communication Co Ltd Class A
SHE:002929
|
China | CN¥21.50 Billion |
|
Redtone International Bhd
KLSE:0032
|
Malaysia | RM403.21 Million |
|
Inscobee
KO:006490
|
Korea | ₩77.14 Billion |
|
Green Packet Bhd
KLSE:0082
|
Malaysia | RM167.93 Million |
Tap 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 - Tap Resources Inc generates 0.07x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Tap Resources Inc generates $ 75.49 in net profit.
Tap 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 | 4.26 | 0.07 | 0.01 |
| Quick Ratio | 2.48 | 0.07 | 0.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $46.11K | $ -72.20K | $ -143.24 |
Tap Resources Inc - Advanced Valuation Insights
This section examines the relationship between Tap 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 | 0.04 |
| Asset Growth Rate (YoY) | -3.8% |
| Total Assets | $173.20K |
| Market Capitalization | $6.48K USD |
Valuation Analysis
Below Book Valuation: The market values Tap Resources Inc's assets below their book value (0.04 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Tap Resources Inc's assets decreased by 3.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Tap Resources Inc (2010–2022)
The table below shows the annual total assets of Tap Resources Inc from 2010 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-11-30 | $173.20K | -3.77% |
| 2021-11-30 | $179.98K | -1.47% |
| 2020-11-30 | $182.66K | +0.17% |
| 2019-11-30 | $182.34K | +39712.66% |
| 2013-11-30 | $458.00 | -52.73% |
| 2012-11-30 | $969.00 | +89.63% |
| 2011-11-30 | $511.00 | -71.69% |
| 2010-11-30 | $1.80K | -- |