Brand Engagement Network (Brand Engagement Network) Total Assets : $22.01 Mil (As of Dec. 2023)

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What is Brand Engagement Network Total Assets?

Brand Engagement Network's Total Assets for the quarter that ended in Dec. 2023 was $22.01 Mil.

During the past 12 months, Brand Engagement Network's average Total Assets Growth Rate was 3157.10% per year.

Total Assets is connected with ROA %. Brand Engagement Network's annualized ROA % for the quarter that ended in Dec. 2023 was -58.53%. Total Assets is also linked to Revenue through Asset Turnover. Brand Engagement Network's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Brand Engagement Network Total Assets Historical Data

The historical data trend for Brand Engagement Network'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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Brand Engagement Network Total Assets Chart

Brand Engagement Network Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

0.74

0.63

22.01

Brand Engagement Network Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	0.74	-	0.63	18.84	22.01

Brand Engagement Network 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.

Brand Engagement Network'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 )
	=	17.694	+	4.314
	=	22.01

Brand Engagement Network'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 )
	=	17.694	+	4.314
	=	22.01

Brand Engagement Network (NAS:BNAI) Total Assets Explanation

Total Assets is connected with ROA %.

Brand Engagement Network's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-11.954	/	( (18.835	+	22.009)	/ 2 )
	=	-11.954	/	20.422
	=	-58.53 %

Note: The Net Income data used here is two times the semi-annual (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.

Brand Engagement Network's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.035	/	( (18.835	+	22.009)	/ 2 )
=	0.035	/	20.422
=	0.00

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.

Brand Engagement Network Total Assets Related Terms

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Brand Engagement Network (Brand Engagement Network) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Brand Engagement Network Inc (NAS:BNAI) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 E. Snow King Avenue, PO Box 1045, Jackson, WY, USA, 83001

Website

https://www.beninc.ai

Brand Engagement Network Inc is an innovative AI platform provider, designed to interface with emerging technologies, including blockchain, the internet of Things, and cloud computing, that drive digital transformation across various industries and provide businesses with an unparalleled competitive edge. BEN offers a suite of configured and customizable applications, including natural language processing, anomaly detection, encryption, recommendation engines, sentiment analysis, image recognition, personalization, and real-time decision-making.

Brand Engagement Network (Brand Engagement Network) Headlines

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