Marvion (Marvion) Total Assets : $9.04 Mil (As of Mar. 2024)

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What is Marvion Total Assets?

Marvion's Total Assets for the quarter that ended in Mar. 2024 was $9.04 Mil.

During the past 12 months, Marvion's average Total Assets Growth Rate was 71.10% per year. During the past 3 years, the average Total Assets Growth Rate was 1530.00% per year. During the past 5 years, the average Total Assets Growth Rate was 116.60% per year.

During the past 10 years, Marvion's highest 3-Year average Total Assets Growth Rate was 1530.00%. The lowest was -80.20%. And the median was 42.25%.

Total Assets is connected with ROA %. Marvion's annualized ROA % for the quarter that ended in Mar. 2024 was -18.69%. Total Assets is also linked to Revenue through Asset Turnover. Marvion's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

Marvion Total Assets Historical Data

The historical data trend for Marvion'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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Marvion Total Assets Chart

Marvion Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.74

0.29

4.83

9.45

Marvion Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															5.04	4.44	16.99	9.45	9.04

Marvion 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.

Marvion'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 )
	=	-10.193	+	19.646
	=	9.45

Marvion'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 )
	=	-10.608	+	19.643
	=	9.04

Marvion (OTCPK:MVNCD) Total Assets Explanation

Total Assets is connected with ROA %.

Marvion'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 )
	=	-1.728	/	( (9.453	+	9.035)	/ 2 )
	=	-1.728	/	9.244
	=	-18.69 %

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.

Marvion'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 )
=	0.093	/	( (9.453	+	9.035)	/ 2 )
=	0.093	/	9.244
=	0.01

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.

Marvion Total Assets Related Terms

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Marvion (Marvion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Marvion Inc (OTCPK:MVNCD) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

3 Temasek Avenue, 21st Floor, Centennial Tower, Singapore, SGP, 039190

Website

https://www.marvion.media

Marvion Inc engaged in the media distribution business. It provides authentication, valuation and certification service, sale and purchase, hire purchase, financing, custody, security and exhibition services to buyers of movie and music media through traditional channels as well as through leveraging blockchain technology through the creation of Digital Ownership Tokens (DOT). The company operates in two business segments; a DOT solution service business through its subsidiary in Singapore which generates the majority of the revenue, and strategic business and management advisory services through its subsidiary in Hong Kong.