Rivalry (Rivalry) Total Assets : $6.71 Mil (As of Sep. 2023)

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What is Rivalry Total Assets?

Rivalry's Total Assets for the quarter that ended in Sep. 2023 was $6.71 Mil.

During the past 12 months, Rivalry's average Total Assets Growth Rate was 5.60% per year.

Total Assets is connected with ROA %. Rivalry's annualized ROA % for the quarter that ended in Sep. 2023 was -178.90%. Total Assets is also linked to Revenue through Asset Turnover. Rivalry's Asset Turnover for the quarter that ended in Sep. 2023 was 0.69.

Rivalry Total Assets Historical Data

The historical data trend for Rivalry'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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Rivalry Total Assets Chart

Rivalry Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

5.95

31.61

13.29

Rivalry Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial								18.02	13.29	10.91	11.94	6.71

Rivalry 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.

Rivalry's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	10.821	+	2.47
	=	13.29

Rivalry's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	4.555	+	2.157
	=	6.71

Rivalry (OTCPK:RVLCF) Total Assets Explanation

Total Assets is connected with ROA %.

Rivalry's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-16.68	/	( (11.935	+	6.712)	/ 2 )
	=	-16.68	/	9.3235
	=	-178.90 %

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

Rivalry's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	6.459	/	( (11.935	+	6.712)	/ 2 )
=	6.459	/	9.3235
=	0.69

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.

Rivalry Total Assets Related Terms

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Rivalry (Rivalry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rivalry Corp (OTCPK:RVLCF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

RVLY:Canada

Address

116 Spadina Avenue, Suite 701, Toronto, ON, CAN, M5V 2K6

Website

https://www.rivalry.com

Rivalry Corp is a Canada based company. The company operates in the Sportsbook segment and Gaming segment. Sportsbook generates revenues from esports and traditional sports betting. Gaming segment revenues are earned from originally developed and third-party casino products such as Rushlane and Aviator.