Royal Wins (Royal Wins) Total Assets : $0.00 Mil (As of Jun. 2022)

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What is Royal Wins Total Assets?

Royal Wins's Total Assets for the quarter that ended in Jun. 2022 was $0.00 Mil.

Total Assets is connected with ROA %. Royal Wins's annualized ROA % for the quarter that ended in Jun. 2022 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Royal Wins's Asset Turnover for the quarter that ended in Jun. 2022 was 0.00.

Royal Wins Total Assets Historical Data

The historical data trend for Royal Wins'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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Royal Wins Total Assets Chart

Royal Wins Annual Data

Trend

Dec19

Dec20

Jun21

Jun22

Total Assets

0.01

0.74

3.65

Royal Wins Quarterly Data
	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Total Assets	Get a 7-Day Free Trial						3.65	2.12	1.81	0.39	-

Royal Wins 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.

Royal Wins's Total Assets for the fiscal year that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (A: Jun. 2022 )	+	Total Liabilities (A: Jun. 2022 )
	=	N/A	+	N/A
	=	N/A

Royal Wins's Total Assets for the quarter that ended in Jun. 2022 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2022 )	+	Total Liabilities (Q: Jun. 2022 )
	=	N/A	+	N/A
	=	N/A

Royal Wins (OTCPK:RYWCF) Total Assets Explanation

Total Assets is connected with ROA %.

Royal Wins's annualized ROA % for the quarter that ended in Jun. 2022 is

ROA %	=	Net Income (Q: Jun. 2022 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Jun. 2022 ))	/ count )
	=	0	/	( (0.393	+	0)	/ 1 )
	=	0	/	0.393
	=	0.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 2022) 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.

Royal Wins's Asset Turnover for the quarter that ended in Jun. 2022 is

	Asset Turnover
=	Revenue (Q: Jun. 2022 )	/	( (Total Assets (Q: Mar. 2022 )	+	Total Assets (Q: Jun. 2022 ))	/ count )
=	0	/	( (0.393	+	0)	/ 1 )
=	0	/	0.393
=	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.

Royal Wins Total Assets Related Terms

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Royal Wins (Royal Wins) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royal Wins Corp (OTCPK:RYWCF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Bay Street, Suite 2704, Box 4, Toronto, ON, CAN, M5H2Y4

Website

https://www.royalwins.com

Royal Wins Corp is a digital games studio pioneering skill game wagering and betting on mobile casual games. It designs, develops, and operates real money-wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds. It designs develops and operates pure skill games for both cash and non-cash prizes targeting millennial markets via its primary skill gaming app, the Kash Karnival. Its primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of return-to-player percentages.

Royal Wins (Royal Wins) Headlines

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