Rackla Metals Inc. - RMETF

RMETF Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
RMETF	0	0	0	100	16.7	0	-78.8	-24.7	27.3	-95.2
S&P 500	-1.3	-2.3	0.5	5.7	10.7	30.1	25.2	88.0	187.6	33142.5

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Returns Charts ⓘ

Interactive Price Chart

Our interactive price chart includes various drawing tools to help you analyze the product more effectively. Below is a quick guide on how to use these tools: Full Guideline

Real-time Full Quote

Attribute	Value
symbol	RMETF
name	Rackla Metals Inc.
price	0.07
changes percentage	0
change	0
day low	0.07
day high	0.07
year high	0.25
year low	0.02
market cap	6825784
price avg 50	0.06
price avg 200	0.07
exchange	PNK
volume	5000
avg volume	2665
open	0.07
previous close	None
eps	-0.05
pe	-1.40
earnings announcement	2024-12-13T18:00:00.000+0000
shares outstanding	97511200
timestamp	2024-11-15 20:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 10.0%

Overall Quarterly Financial Health: 66.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	-14463	-1271.88	-1,037.13
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	5518132	395787	1,294.22
interest income	89891	9285	868.13
interest expense	2145	0	NaN
ebitda	-5532146	-1621103	-241.26
ebitdaratio	0	0	NaN
operating income	-5518132	896098	-715.80
operating income ratio	0	0	NaN
net income	-4849033	-1678387	-188.91
net income ratio	0	0	NaN
eps	-0.08	-0.04	-110.46

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	-6341	-5451	-16.33
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	881655	441435	99.72
interest income	13363	9533	40.18
interest expense	492	600	-18.00
ebitda	-868292	-431902	-101.04
ebitdaratio	0	0	NaN
operating income	-787473	-446890	-76.21
operating income ratio	0	0	NaN
net income	-810982	-422604	-91.90
net income ratio	0	0	NaN
eps	-0.01	-0.01	-76.27

Overall Score of Quarterly Income Statement

0.6 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -16.33%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 1 million in 2024Q2 from 0 million in 2024Q1 representing a change of 99.72%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -1 million in 2024Q2 from 0 million in 2024Q1 representing a change of -101.04%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -1 million in 2024Q2 from 0 million in 2024Q1 representing a change of -76.21%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to -1 million in 2024Q2 from 0 million in 2024Q1 representing a change of -91.9%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	2724419	4662131	-41.56
total liabilities	500261	1253257	-60.08
total equity	2224158	3408874	-34.75
cash and cash equivalents	1181671	4427903	-73.31
short term investments	1501	3001	-49.98
long term investments	0	0	NaN
total current assets	1629932	4442533	-63.31
total non current assets	1094487	219598	398.40
total current liabilities	493845	1253257	-60.60
total non current liabilities	6416	0	NaN
common stock	16237918	13578009	19.59
retained earnings	-14944630	-10158411	-47.12
total debt	24374	0	NaN

Overall Score of Annual Balance Sheet

0.3 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 3 million in 2023 from 5 million in 2022 representing a change of -41.56%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 2 million in 2023 from 3 million in 2022 representing a change of -34.75%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 1 million in 2023 from 4 million in 2022 representing a change of -73.31%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 0 million in 2023 from 0 million in 2022 representing a change of -49.98%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 2 million in 2023 from 4 million in 2022 representing a change of -63.31%. This indicates a worsen liquidity position.

  Retained Earnings: Retained Earnings decreased to -15 million in 2023 from -10 million in 2022 representing a change of -47.12%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 0 million in 2023 from 0 million in 2022 representing a change of nan%. This indicates an increase in overall debt burden.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 1 million in 2023 from 1 million in 2022 representing a change of -60.08%. This indicates a decrease in overall liabilities.

  Total Current Liabilities: Total Current Liabilities decreased to 0 million in 2023 from 1 million in 2022 representing a change of -60.6%. This indicates a lower short-term debt burden.

  Common Stock: Common Stock increased to 16 in 2023 from 14 in 2022 representing a change of 19.59%. This indicates an increase in ownership interest.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	5792785	2004138	189.04
total liabilities	1024300	188893	442.26
total equity	4768485	1815245	162.69
cash and cash equivalents	4512605	724067	523.23
short term investments	1501	1501	0.00
long term investments	0	0	NaN
total current assets	4683090	915102	411.76
total non current assets	1109695	1089036	1.90
total current liabilities	1024300	187268	446.97
total non current liabilities	0.0	1625.0	-100.00
common stock	19964409	16237918	22.95
retained earnings	-16177173	-15366191	-5.28
total debt	15630	20057	-22.07

Overall Score of Quarterly Balance Sheet

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 6 million in 2024Q2 from 2 million in 2024Q1 representing a change of 189.04%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 5 million in 2024Q2 from 2 million in 2024Q1 representing a change of 162.69%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 5 million in 2024Q2 from 1 million in 2024Q1 representing a change of 523.23%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 5 million in 2024Q2 from 1 million in 2024Q1 representing a change of 411.76%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 20 in 2024Q2 from 16 in 2024Q1 representing a change of 22.95%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -22.07%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 1 million in 2024Q2 from 0 million in 2024Q1 representing a change of 442.26%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 1 million in 2024Q2 from 0 million in 2024Q1 representing a change of 446.97%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -16 million in 2024Q2 from -15 million in 2024Q1 representing a change of -5.28%. This indicates an accumulated losses.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-3246232	4402108	-173.74
operating cash flow	-5296421	-483839	-994.67
free cash flow	-5614485	-673717	-733.36
capital expenditure	-318064	-189878	-67.51
depreciation and amortization	14463	20.0	72,211.38
deferred income tax	0	0	NaN
stock based compensation	806.32	0	NaN
accounts payables	228985	-23887	1,058.62
inventory	0	5884	-100.00
acquisitions net	0	-58.48	100.00
investments in property plant and equipment	-318064	-189878	-67.51
net cash used for investing activites	-358064	-189878	-88.58
debt repayment	-10970	0	NaN
common stock issued	2786975	5076025	-45.10
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	2408253	5075825	-52.55
cash at end of period	1181671	4427903	-73.31
accounts receivables	0	-5884	100.00
cash at beginning of period	4427903	25795	17,065.74

Overall Score of Annual Cashflow Statement

None

Detailed Analysis

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	-680869	-453287	-50.21
free cash flow	-707869	-453287	-56.16
capital expenditure	-27000	0	NaN
depreciation and amortization	6341	5451	16.33
deferred income tax	-64143	-15349	-317.90
stock based compensation	0	13691	-100.00
accounts receivables	0	174060	-100.00
accounts payables	0	-294515	100.00
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-27000	0	NaN
net cash used for investing activites	-27000	0	NaN
debt repayment	-4427	-4317	-2.55
common stock issued	4656184	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	4496407	-4317	104,255.83
net change in cash	3788538	-457604	927.91
cash at end of period	4512605	724067	523.23
cash at beginning of period	724067	1181671	-38.73

Overall Score of Quarterly Cashflow Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 4 million in 2024Q2 from 0 million in 2024Q1 representing a change of 927.91%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of nan%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -100.0%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -100.0%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to -1 million in 2024Q2 from 0 million in 2024Q1 representing a change of -50.21%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -1 million in 2024Q2 from 0 million in 2024Q1 representing a change of -56.16%. This indicates a decrease in cash generated after accounting for capital expenditures.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	-0.08	-0.04	-110.57
operating cash flow per share	-0.09	-0.01	-697.84
free cash flow per share	-0.09	-0.01	-507.39
cash per share	0.02	0.1	-80.54
book value per share	0.04	0.08	-52.45
tangible book value per share	0.04	0.08	-52.45
shareholders equity per share	0.04	0.08	-52.45
interest debt per share	-0.0	0	NaN
market cap	16366299.04	17081210.94	-4.19
enterprise value	15209002.04	12653307.94	20.20
pe ratio	-3.38	-10.18	66.84
price to sales ratio	0	0	NaN
pocfratio	-3.09	-35.3	91.25
pfcf ratio	-2.92	-25.35	88.50
pb ratio	7.36	5.01	46.85
ptb ratio	7.36	5.01	46.85
ev to sales	0	0	NaN
enterprise value over ebitda	-2.75	-7.81	64.78
ev to operating cash flow	-2.87	-26.15	89.02
ev to free cash flow	-2.71	-18.78	85.58
earnings yield	-0.3	-0.1	-201.53
free cash flow yield	-0.34	-0.04	-769.76
debt to equity	-0.02	0	NaN
debt to assets	-0.02	0	NaN
net debt to ebitda	0.21	2.73	-92.34
current ratio	3.3	3.54	-6.89
interest coverage	-2572.56	0	NaN
income quality	1.09	0.29	278.89
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.06	-0.39	84.70
capex to revenue	0	0	NaN
capex to depreciation	21.99	9493.43	-99.77
stock based compensation to revenue	0	0	NaN
graham number	0.25	0.25	0.07
roic	-2.57	0.46	-653.58
return on tangible assets	-1.78	-0.36	-394.39
graham net net	0.01	0.07	-84.37
working capital	1136087	3189276	-64.38
tangible asset value	2224158	3408874	-34.75
net current asset value	1129671	3189276	-64.58
invested capital	2129574	3347874	-36.39
average receivables	4164.5	5387	-22.69
average payables	201626	99077	103.50
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	6961.88	36557.85	-80.96
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0.05	0.01	425.11
inventory turnover	0	0	NaN
roe	-2.18	-0.49	-342.80
capex per share	0.01	0.0	22.09

• Negative

  ROE: Return on Equity (ROE) decreased to -2.18 on 2023-12-31 from -0.49 on 2022-12-31, representing a change of -342.80%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 3.30 on 2023-12-31 from 3.54 on 2022-12-31, representing a change of -6.89%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -3.38 on 2023-12-31 from -10.18 on 2022-12-31, representing a change of 66.84%. Indicating an increase in the relative valuation of the company's stock.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
RMETF
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.01	-0.01	-75.76
operating cash flow per share	-0.01	-0.01	-37.57
free cash flow per share	-0.01	-0.01	-43.03
cash per share	0.06	0.01	469.82
book value per share	0.06	0.03	140.60
tangible book value per share	0.06	0.03	140.60
shareholders equity per share	0.06	0.03	140.60
interest debt per share	0.0	0.0	-24.90
market cap	6395207.55	11623716.57	-44.98
enterprise value	1898232.55	10919706.57	-82.62
pe ratio	-1.97	-6.88	71.33
price to sales ratio	0	0	NaN
pocfratio	-9.39	-25.64	63.37
pfcf ratio	-9.03	-25.64	64.77
pb ratio	1.34	6.4	-79.06
ptb ratio	1.34	6.4	-79.06
ev to sales	0	0	NaN
enterprise value over ebitda	-2.19	-25.28	91.35
ev to operating cash flow	-2.79	-24.09	88.43
ev to free cash flow	-2.68	-24.09	88.87
earnings yield	-0.13	-0.04	-248.79
free cash flow yield	-0.11	-0.04	-183.84
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	5.18	1.63	217.73
current ratio	4.57	4.89	-6.44
interest coverage	-1600.55	-744.82	-114.89
income quality	0.84	1.07	-21.73
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.04	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	4.26	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0.12	0.06	105.64
roic	-0.15	-0.24	35.58
return on tangible assets	-0.14	-0.21	33.61
graham net net	0.04	0.01	495.57
working capital	3658790	727834	402.70
tangible asset value	4768485	1815245	162.69
net current asset value	3658790	726209	403.82
invested capital	3704513	752898	392.03
average receivables	0	0	NaN
average payables	154043	144929.5	6.29
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	3494.77	1021.35	242.17
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0.03	0.09	-70.77
inventory turnover	0	0	NaN
roe	-0.17	-0.23	26.95
capex per share	0.0	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to -0.17 on 2024-06-30 Q2 from -0.23 on 2024-03-31 Q1, representing a change of 26.95%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 4.57 on 2024-06-30 Q2 from 4.89 on 2024-03-31 Q1, representing a change of -6.44%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -1.97 on 2024-06-30 Q2 from -6.88 on 2024-03-31 Q1, representing a change of 71.33%. Indicating an increase in the relative valuation of the company's stock.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.01 which is lower than current price 0.07, indicates the company may be overvalued.