Genesis Electronics Group (Genesis Electronics Group) Total Assets : $4.04 Mil (As of Jun. 2023)

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What is Genesis Electronics Group Total Assets?

Genesis Electronics Group's Total Assets for the quarter that ended in Jun. 2023 was $4.04 Mil.

During the past 12 months, Genesis Electronics Group's average Total Assets Growth Rate was 1073.00% per year. During the past 3 years, the average Total Assets Growth Rate was 38.00% per year. During the past 5 years, the average Total Assets Growth Rate was 75.40% per year.

During the past 7 years, Genesis Electronics Group's highest 3-Year average Total Assets Growth Rate was 169.40%. The lowest was -39.90%. And the median was 38.00%.

Total Assets is connected with ROA %. Genesis Electronics Group's annualized ROA % for the quarter that ended in Jun. 2023 was -18.84%. Total Assets is also linked to Revenue through Asset Turnover. Genesis Electronics Group's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

Genesis Electronics Group Total Assets Historical Data

The historical data trend for Genesis Electronics Group'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.

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Genesis Electronics Group Total Assets Chart

Genesis Electronics Group Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Total Assets

Get a 7-Day Free Trial

0.04

0.15

0.01

0.28

0.39

Genesis Electronics Group Semi-Annual Data
	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Jun22	Jun23
Total Assets	Get a 7-Day Free Trial												0.08	0.39	0.36	-	4.04

Genesis Electronics Group 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.

Genesis Electronics Group's Total Assets for the fiscal year that ended in Dec. 2010 is calculated as

Total Assets	=	Total Equity (A: Dec. 2010 )	+	Total Liabilities (A: Dec. 2010 )
	=	-0.883	+	1.277
	=	0.39

Genesis Electronics Group's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	1.434	+	2.61
	=	4.04

Genesis Electronics Group (OTCPK:GEGI) Total Assets Explanation

Total Assets is connected with ROA %.

Genesis Electronics Group's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-0.762	/	( (0	+	4.044)	/ 1 )
	=	-0.762	/	4.044
	=	-18.84 %

Note: The Net Income data used here is two times the semi-annual (Jun. 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.

Genesis Electronics Group's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (0	+	4.044)	/ 1 )
=	0	/	4.044
=	0.00

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.

Genesis Electronics Group Total Assets Related Terms

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Genesis Electronics Group (Genesis Electronics Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Genesis Electronics Group Inc (OTCPK:GEGI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 S Rio Grande St No.2072, Salt lake, UT, USA, 84101

Website

https://www.genesis-electronics.com

Genesis Electronics Group Inc, through Its wholly-owned subsidiary Glid, is building the first of Its kind autonomous road-to-rail shipping vehicles called Gliders. Gliders will enable fully-loaded semi-trailers access to rails where traditionally it didn't make sense. Genesis Electronics Group plans on owning and operating each Glider in its fleet and providing a "Glider-as-a-Service" business model.

Executives

Raymond F Purdon	director	48 BROAD STREET #321, RED BANK NJ 07701
Joe J Puentes	director, 10 percent owner, officer: president	3900 HOLLYWOOD BLVD #203, HOLLYWOOD FL 33021
Edward C Dillon	director, 10 percent owner, officer: CEO	3900 HOLLYWOOD BLVD #203, HOLLYWOOD FL 33021
Nelson Stark	director	3900 HOLLYWOOD BLVD. #203, HOLLYWOOD FL 33021
Bernard Gutman	director	1950 S. OCEAN DR. 21 G, HALLANDALE BEACH FL 33009
Howard M Neu	director	1152 N. UNIVERSITY DR. SUITE 201, PEMBROKE PINES FL 33024
Robert Petrocelli	director	1920 EAST HALLANDALE BEACH BLVD., SUITE 100, HALLANDALE FL 33009

Genesis Electronics Group (Genesis Electronics Group) Headlines

From GuruFocus

Genesis Electronics Group, Inc. (GEGI) Announces Pacific Stock Transfer Co. Has Updated GEGI's Share Structure Via The OTC Markets Transfer Agents Shares Program

By Marketwired Marketwired • 04-12-2019