TruGolf Holdings (TruGolf Holdings) Total Assets : $6.88 Mil (As of Dec. 2023)

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What is TruGolf Holdings Total Assets?

TruGolf Holdings's Total Assets for the quarter that ended in Dec. 2023 was $6.88 Mil.

During the past 12 months, TruGolf Holdings's average Total Assets Growth Rate was 36.00% per year.

Total Assets is connected with ROA %. TruGolf Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -12.12%. Total Assets is also linked to Revenue through Asset Turnover. TruGolf Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

TruGolf Holdings Total Assets Historical Data

The historical data trend for TruGolf Holdings'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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TruGolf Holdings Total Assets Chart

TruGolf Holdings Annual Data

Trend

Dec21

Dec22

Total Assets

14.89

14.59

TruGolf Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial				14.59	-	17.60	16.89	6.88

TruGolf Holdings 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.

TruGolf Holdings's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	-3.431	+	18.017
	=	14.59

TruGolf Holdings'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 )
	=	-1.252	+	8.133
	=	6.88

TruGolf Holdings (NAS:TRUG) Total Assets Explanation

Total Assets is connected with ROA %.

TruGolf Holdings's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1.44	/	( (16.89	+	6.881)	/ 2 )
	=	-1.44	/	11.8855
	=	-12.12 %

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

TruGolf Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (16.89	+	6.881)	/ 2 )
=	0	/	11.8855
=	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.

TruGolf Holdings Total Assets Related Terms

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TruGolf Holdings (TruGolf Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TruGolf Holdings Inc (NAS:TRUG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 North 1400 West, Centerville, UT, USA, 84014

Website

https://www.trugolf.com

TruGolf Inc is among the leading golf simulator manufacturers and distributors of golf simulator equipment, including software and hardware, and is in the process of developing a new line of next-generation golf simulator products that aims to revolutionize the virtual golf experience. The primary business of the company is the manufacturing and sale of indoor golf simulator hardware under its TruGolf brand, which includes TruGolf's E6 Connect premier software, as well as selling its E6 Connect software individually.

TruGolf Holdings (TruGolf Holdings) Headlines

From GuruFocus

TruGolf to Present at the Planet MicroCap Showcase: VEGAS 2024 on Wednesday, May 1, 2024 & 1x1 Meetings on Thursday, May 2, 2024

By ACCESSWIRE • 04-24-2024