Good Gamer Entertainment (TSXV:GOOD) Total Assets : C$0.30 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Good Gamer Entertainment Total Assets?

Good Gamer Entertainment's Total Assets for the quarter that ended in Dec. 2023 was C$0.30 Mil.

During the past 12 months, Good Gamer Entertainment's average Total Assets Growth Rate was -73.30% per year. During the past 3 years, the average Total Assets Growth Rate was -62.10% per year.

During the past 4 years, Good Gamer Entertainment's highest 3-Year average Total Assets Growth Rate was -62.10%. The lowest was -62.10%. And the median was -62.10%.

Total Assets is connected with ROA %. Good Gamer Entertainment's annualized ROA % for the quarter that ended in Dec. 2023 was -200.68%. Total Assets is also linked to Revenue through Asset Turnover. Good Gamer Entertainment's Asset Turnover for the quarter that ended in Dec. 2023 was 0.36.

Good Gamer Entertainment Total Assets Historical Data

The historical data trend for Good Gamer Entertainment'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.

Good Gamer Entertainment Total Assets Chart

Good Gamer Entertainment Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

Total Assets

2.58

2.84

2.09

0.60

Good Gamer Entertainment Quarterly Data
	Sep20	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial					1.37	1.11	0.60	0.29	0.30

Good Gamer Entertainment 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.

Good Gamer Entertainment's Total Assets for the fiscal year that ended in Mar. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	0.027	+	0.57
	=	0.60

Good Gamer Entertainment'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 )
	=	-0.394	+	0.692
	=	0.30

Good Gamer Entertainment (TSXV:GOOD) Total Assets Explanation

Total Assets is connected with ROA %.

Good Gamer Entertainment'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 )
	=	-0.592	/	( (0.292	+	0.298)	/ 2 )
	=	-0.592	/	0.295
	=	-200.68 %

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.

Good Gamer Entertainment'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 )
=	0.107	/	( (0.292	+	0.298)	/ 2 )
=	0.107	/	0.295
=	0.36

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.

Good Gamer Entertainment Total Assets Related Terms

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

Good Gamer Entertainment (TSXV:GOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (TSXV:GOOD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GGAMF:USA

Address

700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.goodgamer.ca

Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.