Gitennes Exploration Inc
Gitennes Exploration Inc., a junior mineral exploration company, acquires, explores for, and advances mineral properties in Canada and Peru. It explores for gold, rare earth, nickel, copper, and silver deposits. The company is based in Vancouver, Canada.
Gitennes Exploration Inc (GIT) - Total Assets
Latest total assets as of September 2024: CA$292.20K CAD
Based on the latest financial reports, Gitennes Exploration Inc (GIT) holds total assets worth CA$292.20K CAD as of September 2024.
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.
Gitennes Exploration Inc - Total Assets Trend (2013–2023)
This chart illustrates how Gitennes Exploration Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Gitennes Exploration Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Gitennes Exploration Inc's total assets of CA$292.20K consist of 53.5% current assets and 46.5% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 33.4% |
| Accounts Receivable | CA$28.38K | 10.5% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2013–2023)
This chart illustrates how Gitennes Exploration 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: Gitennes Exploration Inc's current assets represent 53.5% of total assets in 2023, a decrease from 87.1% in 2013.
- Cash Position: Cash and equivalents constituted 33.4% of total assets in 2023, down from 73.1% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 10.5% of total assets.
Gitennes Exploration Inc Competitors by Total Assets
Key competitors of Gitennes Exploration Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Outback Goldfields Corp
OTCQB:OZBKF
|
USA | $13.40 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
McLaren Resources Inc
F:3ML
|
Germany | €29.32K |
|
PC Gold Ltd
AU:PC2
|
Australia | AU$18.12 Million |
|
4LE
F:4LE
|
Germany | €2.04 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
|
Bahvest Resources Bhd
KLSE:0098
|
Malaysia | RM430.12 Million |
|
Pearl Gold AG
F:02P
|
Germany | €9.26 Million |
Gitennes Exploration Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Gitennes Exploration Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Gitennes Exploration Inc is currently not profitable relative to its asset base.
Gitennes Exploration Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.28 | 0.25 | 1.48 |
| Quick Ratio | 0.28 | 0.25 | 1.48 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-439.62K | CA$ -224.37K | CA$ 174.20K |
Gitennes Exploration Inc - Advanced Valuation Insights
This section examines the relationship between Gitennes Exploration 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 | 67.20 |
| Latest Market Cap to Assets Ratio | 4.41 |
| Asset Growth Rate (YoY) | 10.8% |
| Total Assets | CA$271.51K |
| Market Capitalization | $1.20 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Gitennes Exploration Inc's assets at a significant premium ( 4.41x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Gitennes Exploration Inc's assets grew by 10.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Gitennes Exploration Inc (2013–2023)
The table below shows the annual total assets of Gitennes Exploration Inc from 2013 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | CA$271.51K | +10.79% |
| 2022-12-31 | CA$245.06K | -72.42% |
| 2021-12-31 | CA$888.65K | -43.83% |
| 2020-12-31 | CA$1.58 Million | +1088.01% |
| 2019-12-31 | CA$133.18K | +51.33% |
| 2018-12-31 | CA$88.01K | -79.64% |
| 2017-12-31 | CA$432.35K | +425.77% |
| 2016-12-31 | CA$82.23K | +36.87% |
| 2015-12-31 | CA$60.08K | -89.44% |
| 2014-12-31 | CA$569.11K | +320.76% |
| 2013-12-31 | CA$135.26K | -- |