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Mobile Global Esports (Mobile Global Esports) Total Assets : $3.42 Mil (As of Dec. 2023)


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What is Mobile Global Esports Total Assets?

Mobile Global Esports's Total Assets for the quarter that ended in Dec. 2023 was $3.42 Mil.

During the past 12 months, Mobile Global Esports's average Total Assets Growth Rate was -85.70% per year.

Total Assets is connected with ROA %. Mobile Global Esports's annualized ROA % for the quarter that ended in Dec. 2023 was -265.98%. Total Assets is also linked to Revenue through Asset Turnover. Mobile Global Esports's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Mobile Global Esports Total Assets Historical Data

The historical data trend for Mobile Global Esports's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mobile Global Esports Total Assets Chart

Mobile Global Esports Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
0.30 9.26 3.42

Mobile Global Esports Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 9.26 8.70 7.76 6.29 3.42

Mobile Global Esports Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Mobile Global Esports's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=3.097+0.324
=3.42

Mobile Global Esports's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=3.097+0.324
=3.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mobile Global Esports  (OTCPK:MGAM) Total Assets Explanation

Total Assets is connected with ROA %.

Mobile Global Esports's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-12.908/( (6.285+3.421)/ 2 )
=-12.908/4.853
=-265.98 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Mobile Global Esports's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=0.005/( (6.285+3.421)/ 2 )
=0.005/4.853
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Mobile Global Esports Total Assets Related Terms

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Mobile Global Esports (Mobile Global Esports) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Mobile Global Esports Inc (OTCPK:MGAM) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
500 Post Road East, Westport, CT, USA, 06880
Website
https://www.mogoesports.com
Mobile Global Esports Inc develops and commercializes international esports, beginning with university esports events in India. It is launching an esports (electronic sports) platform initially focused on esports competitions played on mobile devices by university teams and players representing universities located in India and elsewhere in South Asia.
Executives
David Randall Pross officer: CEO 73 BLUE SPRUCE CIRCLE, WESTON CT 06883
James Knopf director 500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Marco Welch director, officer: Chairman of the board 500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883
Jay P. Madan director 8480 HONEYCUTT RD, SUITE 200, RALEIGH NC 27615
Sports Industry Of India, Inc. 10 percent owner 616 S. EL CAMINO REAL, STE. H, SAN CLEMENTE CA 92672
Alexander Alexandrov director 500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 02883
Kiki V Benson officer: CFO 500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06880
Willy Verhaegen director 500 POST ROAD EAST, 2ND FLOOR, WESTPORT CT 06883