Network Media Group (TSXV:NTE) Total Assets : C$20.07 Mil (As of Feb. 2024)

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What is Network Media Group Total Assets?

Network Media Group's Total Assets for the quarter that ended in Feb. 2024 was C$20.07 Mil.

During the past 12 months, Network Media Group's average Total Assets Growth Rate was 0.30% per year. During the past 3 years, the average Total Assets Growth Rate was 9.30% per year. During the past 5 years, the average Total Assets Growth Rate was 3.70% per year. During the past 10 years, the average Total Assets Growth Rate was 23.40% per year.

During the past 13 years, Network Media Group's highest 3-Year average Total Assets Growth Rate was 45.00%. The lowest was 2.30%. And the median was 26.70%.

Total Assets is connected with ROA %. Network Media Group's annualized ROA % for the quarter that ended in Feb. 2024 was -12.15%. Total Assets is also linked to Revenue through Asset Turnover. Network Media Group's Asset Turnover for the quarter that ended in Feb. 2024 was 0.11.

Network Media Group Total Assets Historical Data

The historical data trend for Network Media 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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Network Media Group Total Assets Chart

Network Media Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Total Assets

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19.75

14.12

18.54

20.56

19.83

Network Media Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial															17.53	17.20	19.34	19.83	20.07

Network Media 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.

Network Media Group's Total Assets for the fiscal year that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (A: Nov. 2023 )	+	Total Liabilities (A: Nov. 2023 )
	=	10.563	+	9.265
	=	19.83

Network Media Group's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	9.991	+	10.083
	=	20.07

Network Media Group (TSXV:NTE) Total Assets Explanation

Total Assets is connected with ROA %.

Network Media Group's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-2.424	/	( (19.828	+	20.074)	/ 2 )
	=	-2.424	/	19.951
	=	-12.15 %

Note: The Net Income data used here is four times the quarterly (Feb. 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.

Network Media Group's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	2.129	/	( (19.828	+	20.074)	/ 2 )
=	2.129	/	19.951
=	0.11

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.

Network Media Group Total Assets Related Terms

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Network Media Group (TSXV:NTE) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Network Media Group Inc (TSXV:NTE) » Definitions » Total Assets

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NETWF:USA

Address

1525 West 8 Avenue, Suite 207, Vancouver, BC, CAN, V6C 1T5

Website

https://www.networkentertainment.ca

Network Media Group Inc is a television, film, and NFT production company. Through its subsidiaries, the company is engaged in the development and production of entertainment content. The company develops and produces film, and television and NFT properties in addition to providing production services to third parties. The principal business of the company is the development, financing, production, marketing and distribution of documentaries and docu-series. Network NFT Studios collaborates with IP owners, artists and top talent to create engagement campaigns using non-fungible tokens.

Executives

Curtis White

Senior Officer

Network Media Group (TSXV:NTE) Headlines

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