Asset Entities (Asset Entities) Total Assets : $2.15 Mil (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Asset Entities Total Assets?

Asset Entities's Total Assets for the quarter that ended in Mar. 2024 was $2.15 Mil.

During the past 12 months, Asset Entities's average Total Assets Growth Rate was 205.60% per year.

Total Assets is connected with ROA %. Asset Entities's annualized ROA % for the quarter that ended in Mar. 2024 was -212.53%. Total Assets is also linked to Revenue through Asset Turnover. Asset Entities's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Asset Entities Total Assets Historical Data

The historical data trend for Asset Entities'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.

Asset Entities Total Assets Chart

Asset Entities Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

0.01

0.06

0.37

3.08

Asset Entities Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							6.01	5.09	4.15	3.08	2.15

Asset Entities 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.

Asset Entities'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 )
	=	2.922	+	0.154
	=	3.08

Asset Entities's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	1.862	+	0.282
	=	2.14

Asset Entities (NAS:ASST) Total Assets Explanation

Total Assets is connected with ROA %.

Asset Entities's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-5.548	/	( (3.076	+	2.145)	/ 2 )
	=	-5.548	/	2.6105
	=	-212.53 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) 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.

Asset Entities's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.125	/	( (3.076	+	2.145)	/ 2 )
=	0.125	/	2.6105
=	0.05

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.

Asset Entities Total Assets Related Terms

Thank you for viewing the detailed overview of Asset Entities's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Asset Entities (Asset Entities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Asset Entities Inc (NAS:ASST) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Crescent Court, 7th Floor, Dallas, TX, USA, 75201

Website

https://assetentities.com

Asset Entities Inc is a technology company providing social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It also designs, develops, and manages servers for communities on Discord. Its services consist of Discord investment education and entertainment, social media and marketing, and AE.360.DDM services are based on the effective use of Discord as well as other social media including TikTok, Twitter, Instagram, and YouTube.

Executives

Michael Gaubert	director, 10 percent owner, officer: Executive Chairman	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
James Sheldon Fairbanks	10 percent owner	3612 SUNSET VIEW DRIVE, FORTUNA CA 95540
Kavous Sarkhani	10 percent owner	13470 BLACK HILLS ROAD, SAN DIEGO CA 92129
Elham Nejad	10 percent owner	13470 BLACK HILLS ROAD, SAN DIEGO CA 92129
Jennifer Joan Fairbanks	10 percent owner	3612 SUNSET VIEW DRIVE, FORTUNA CA 95540
Richard Alfred Burton	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Scott Kelley Mcdonald	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Kd Holdings Group, Llc	10 percent owner	4313 OAK KNOLL DRIVE, PLANO TX 75093
Asset Entities Holdings, Llc	10 percent owner	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Richard Benavides	10 percent owner	5934 WALNUT HILL ROAD, DALLAS TX 75230
Arshia Sarkhani	director, 10 percent owner, officer: CEO and President	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Matthew Krueger	10 percent owner, officer: CFO, Treasurer and Secretary	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Kyle Fairbanks	director, 10 percent owner, officer: Executive Vice-Chairman	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Arman Sarkhani	10 percent owner, officer: Chief Operating Officer	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201
Jack John A Ii	director	100 CRESCENT CT., 7TH FLOOR, DALLAS TX 75201