Playgon Games (TSXV:DEAL) Total Assets : C$5.51 Mil (As of Dec. 2023)

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What is Playgon Games Total Assets?

Playgon Games's Total Assets for the quarter that ended in Dec. 2023 was C$5.51 Mil.

During the past 12 months, Playgon Games's average Total Assets Growth Rate was -33.80% per year. During the past 3 years, the average Total Assets Growth Rate was -25.70% per year. During the past 5 years, the average Total Assets Growth Rate was 112.40% per year.

During the past 13 years, Playgon Games's highest 3-Year average Total Assets Growth Rate was 518.80%. The lowest was -93.00%. And the median was -12.60%.

Total Assets is connected with ROA %. Playgon Games's annualized ROA % for the quarter that ended in Dec. 2023 was -296.60%. Total Assets is also linked to Revenue through Asset Turnover. Playgon Games's Asset Turnover for the quarter that ended in Dec. 2023 was 0.06.

Playgon Games Total Assets Historical Data

The historical data trend for Playgon Games'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.

Playgon Games Total Assets Chart

Playgon Games Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.25

13.68

17.08

8.21

5.51

Playgon Games Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															8.21	7.41	6.65	5.84	5.51

Playgon Games 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.

Playgon Games'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 )
	=	-15.365	+	20.873
	=	5.51

Playgon Games'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 )
	=	-15.365	+	20.873
	=	5.51

Playgon Games (TSXV:DEAL) Total Assets Explanation

Total Assets is connected with ROA %.

Playgon Games'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 )
	=	-16.832	/	( (5.842	+	5.508)	/ 2 )
	=	-16.832	/	5.675
	=	-296.60 %

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.

Playgon Games'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 )
=	0.332	/	( (5.842	+	5.508)	/ 2 )
=	0.332	/	5.675
=	0.06

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.

Playgon Games Total Assets Related Terms

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Playgon Games (TSXV:DEAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Playgon Games Inc (TSXV:DEAL) » Definitions » Total Assets

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PLGNF:USA 7CR:Germany

Address

675 West Hastings Street, Suite 1500, Vancouver, BC, CAN, V6B 1N2

Website

https://www.playgon.com

Playgon Games Inc is a technology company. It focuses on developing and licensing digital content for the growing iGaming market. The company provides a multi-tenant gateway that allows online operators the ability to offer customers iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games, and Daily Fantasy Sports. The firm's products are turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and database companies.

Executives

Steve Baker

Senior Officer

Playgon Games (TSXV:DEAL) Headlines

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