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OOOOO Entertainment Commerce (OOOOO Entertainment Commerce) Total Assets : $1.55 Mil (As of Jul. 2023)


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What is OOOOO Entertainment Commerce Total Assets?

OOOOO Entertainment Commerce's Total Assets for the quarter that ended in Jul. 2023 was $1.55 Mil.

During the past 12 months, OOOOO Entertainment Commerce's average Total Assets Growth Rate was -40.00% per year. During the past 3 years, the average Total Assets Growth Rate was 925.50% per year.

During the past 11 years, OOOOO Entertainment Commerce's highest 3-Year average Total Assets Growth Rate was 925.50%. The lowest was -41.50%. And the median was -37.00%.

Total Assets is connected with ROA %. OOOOO Entertainment Commerce's annualized ROA % for the quarter that ended in Jul. 2023 was -23.07%. Total Assets is also linked to Revenue through Asset Turnover. OOOOO Entertainment Commerce's Asset Turnover for the quarter that ended in Jul. 2023 was 0.00.

OOOOO Entertainment Commerce Total Assets Historical Data

The historical data trend for OOOOO Entertainment Commerce'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.

* Premium members only.

OOOOO Entertainment Commerce Total Assets Chart

OOOOO Entertainment Commerce Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Oct21 Oct22
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.20 0.17 - 1.91

OOOOO Entertainment Commerce Quarterly Data
Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.61 1.91 1.79 1.61 1.55

OOOOO Entertainment Commerce 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.

OOOOO Entertainment Commerce's Total Assets for the fiscal year that ended in Oct. 2022 is calculated as

Total Assets=Total Equity (A: Oct. 2022 )+Total Liabilities (A: Oct. 2022 )
=-0.536+2.442
=1.91

OOOOO Entertainment Commerce's Total Assets for the quarter that ended in Jul. 2023 is calculated as

Total Assets=Total Equity (Q: Jul. 2023 )+Total Liabilities (Q: Jul. 2023 )
=-1.244+2.789
=1.55

* 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.

OOOOO Entertainment Commerce  (OTCPK:OOOOF) Total Assets Explanation

Total Assets is connected with ROA %.

OOOOO Entertainment Commerce's annualized ROA % for the quarter that ended in Jul. 2023 is

ROA %=Net Income (Q: Jul. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Jul. 2023 ))/ count )
=-0.364/( (1.609+1.546)/ 2 )
=-0.364/1.5775
=-23.07 %

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

OOOOO Entertainment Commerce's Asset Turnover for the quarter that ended in Jul. 2023 is

Asset Turnover
=Revenue (Q: Jul. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Jul. 2023 ))/ count )
=0/( (1.609+1.546)/ 2 )
=0/1.5775
=0.00

* 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.

OOOOO Entertainment Commerce Total Assets Related Terms

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OOOOO Entertainment Commerce (OOOOO Entertainment Commerce) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » OOOOO Entertainment Commerce Ltd (OTCPK:OOOOF) » Definitions » Total Assets
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Traded in Other Exchanges
OOOO:Canada
Address
C/O 1000 - 925 West Georgia Street, Vancouver, BC, CAN, V6C 3L2
Website
https://www.ooooo.com
OOOOO Entertainment Commerce Ltd operates a technology platform that enables retailers, brands, and entrepreneurs to share product-based opinions directly to consumers through live, interactive, shoppable videos. The platform also offers gamification and social features which reward the community for helping to grow the user base, reducing the need for traditional ad networks.