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Magic Empire Global (Magic Empire Global) Total Assets : $17.70 Mil (As of Dec. 2023)


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What is Magic Empire Global Total Assets?

Magic Empire Global's Total Assets for the quarter that ended in Dec. 2023 was $17.70 Mil.

During the past 12 months, Magic Empire Global's average Total Assets Growth Rate was 105.00% per year. During the past 3 years, the average Total Assets Growth Rate was 75.20% per year.

During the past 4 years, Magic Empire Global's highest 3-Year average Total Assets Growth Rate was 75.20%. The lowest was 75.20%. And the median was 75.20%.

Total Assets is connected with ROA %. Magic Empire Global's annualized ROA % for the quarter that ended in Dec. 2023 was -1.73%. Total Assets is also linked to Revenue through Asset Turnover. Magic Empire Global's Asset Turnover for the quarter that ended in Dec. 2023 was 0.05.


Magic Empire Global Total Assets Historical Data

The historical data trend for Magic Empire Global'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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Magic Empire Global Total Assets Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
2.11 3.30 18.51 17.70

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Assets Get a 7-Day Free Trial 3.30 2.58 18.51 18.19 17.70

Magic Empire Global 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.

Magic Empire Global'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 )
=17.192+0.511
=17.70

Magic Empire Global'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 )
=17.192+0.511
=17.70

* 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.


Magic Empire Global  (NAS:MEGL) Total Assets Explanation

Total Assets is connected with ROA %.

Magic Empire Global'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 )
=-0.31/( (18.192+17.703)/ 2 )
=-0.31/17.9475
=-1.73 %

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.

Magic Empire Global'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 )
=0.987/( (18.192+17.703)/ 2 )
=0.987/17.9475
=0.05

* 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.

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.

Magic Empire Global Total Assets Related Terms

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Magic Empire Global (Magic Empire Global) Business Description

Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.