Medies (Medies) Total Assets : $0.04 Mil (As of Nov. 2023)

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What is Medies Total Assets?

Medies's Total Assets for the quarter that ended in Nov. 2023 was $0.04 Mil.

During the past 12 months, Medies's average Total Assets Growth Rate was -32.30% per year.

Total Assets is connected with ROA %. Medies's annualized ROA % for the quarter that ended in Nov. 2023 was -51.61%. Total Assets is also linked to Revenue through Asset Turnover. Medies's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Medies Total Assets Historical Data

The historical data trend for Medies'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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Medies Total Assets Chart

Medies Annual Data

Trend

Feb22

Feb23

Total Assets

0.07

0.06

Medies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial			0.09	0.06	0.06	0.05	0.04

Medies 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.

Medies's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	-0.034	+	0.094
	=	0.06

Medies's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	-0.059	+	0.102
	=	0.04

Medies (OTCPK:MEDE) Total Assets Explanation

Total Assets is connected with ROA %.

Medies's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	-0.024	/	( (0.049	+	0.044)	/ 2 )
	=	-0.024	/	0.0465
	=	-51.61 %

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

Medies's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (0.049	+	0.044)	/ 2 )
=	0	/	0.0465
=	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.

Medies Total Assets Related Terms

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Medies (Medies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Medies (OTCPK:MEDE) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Fall Park Court, Leeds, West Yorkshire, GBR, LS13 2LP

Website

Medies provide a novel type of service within the scope of the online streaming industry and the metaverse network. Via motion and still, pictures digital database, meta movement, aims to connect creative artists and dancers, through the development of visual experience—specifically through metaverse technology.

Medies (Medies) Headlines

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