AMARC RESOURCES LTD
AXREFdata completeness 38%3 fiscal years on fileData notes: no data for concept 'revenue'; no data for concept 'operatingCashFlow'; no data for concept 'capex'; no data for concept 'cash'; no data for concept 'totalDebt'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'
AMARC RESOURCES LTD earns about 5052% on equity, but has diluted owners by 6% over 3 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Net income | −$1.25M1 | $1.36M1 | −$363,8121 |
| Operating cash flow | — | — | — |
| Capital expenditure | — | — | — |
| Free cash flow (derived) | — | — | — |
| Total debt | — | — | — |
| Cash & equivalents | — | — | — |
| Diluted shares | 175.6M | 180.6M | 186.6M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on −$0.03 of net worth that earned you −$0.02 last year.
It earned an average 5052% on equity over 3 years. Compare that to what it costs to fund the business.
seeing a moat in the numbers →Share count is up 6% over 3 years — owners have been diluted. Worth asking what they got for it.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →