UMeWorld (UMeWorld) Total Assets : $0.06 Mil (As of Sep. 2023)

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What is UMeWorld Total Assets?

UMeWorld's Total Assets for the quarter that ended in Sep. 2023 was $0.06 Mil.

During the past 12 months, UMeWorld's average Total Assets Growth Rate was -92.30% per year.

During the past 13 years, UMeWorld's highest 3-Year average Total Assets Growth Rate was 459.00%. The lowest was -71.80%. And the median was -11.65%.

Total Assets is connected with ROA %. UMeWorld's annualized ROA % for the quarter that ended in Sep. 2023 was -703.45%. Total Assets is also linked to Revenue through Asset Turnover. UMeWorld's Asset Turnover for the quarter that ended in Sep. 2023 was 0.02.

UMeWorld Total Assets Historical Data

The historical data trend for UMeWorld'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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UMeWorld Total Assets Chart

UMeWorld Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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0.02

0.06

0.03

0.06

UMeWorld Semi-Annual Data
	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Sep13	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Total Assets	Get a 7-Day Free Trial															0.02	0.02	0.06	0.03	0.06

UMeWorld 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.

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

Total Assets	=	Total Equity (A: Sep. 2023 )	+	Total Liabilities (A: Sep. 2023 )
	=	-0.376	+	0.435
	=	0.06

UMeWorld's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-0.376	+	0.435
	=	0.06

UMeWorld (OTCPK:UMEWF) Total Assets Explanation

Total Assets is connected with ROA %.

UMeWorld's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.306	/	( (0.028	+	0.059)	/ 2 )
	=	-0.306	/	0.0435
	=	-703.45 %

Note: The Net Income data used here is one times the annual (Sep. 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.

UMeWorld's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0.001	/	( (0.028	+	0.059)	/ 2 )
=	0.001	/	0.0435
=	0.02

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.

UMeWorld Total Assets Related Terms

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UMeWorld (UMeWorld) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » UMeWorld Ltd (OTCPK:UMEWF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Yee Wo Street, Unit B, 12th Floor, Hang Seng Causeway Bay Building, Causeway Bay, Hong Kong, HKG

Website

http://www.umeworld.com

UMeWorld Ltd is an internet technology company. It has developed a UMFun, the kindergarten-to-grade (K-12) product of the company which is a cloud-based, adaptive learning and assessment platform which analyzes and adapts to a student's performance and personalizes the delivery of proprietary educational items in accordance with the student's learning needs. The company offers UMFun's off-school version to Chinese K-12 students through China Mobile. Its other products are UMTang, UEXiao, and 17Speech.

Executives

Sandro Persia	officer: Secretary & Treasurer	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
John David Milroy	director
Marcel Urbanc	officer: Chief Financial Officer
Sai Ming Wong	other: Former Director & Officer	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Michael Weisspapir	officer: Chief Medical Scientist	CO/ EASGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109
Man Ching Lee	director, 10 percent owner, officer: President	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Keith Ford Moore	director	NEUMARKET, ONT CANADA, L3Y 1J8 A6 00000
Joseph Schwarz	officer: Chief Scientist	CO/ EASTGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109