Tix (TIXC) Total Assets : $4.23 Mil (As of Sep. 2020)

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What is Tix Total Assets?

Tix's Total Assets for the quarter that ended in Sep. 2020 was $4.23 Mil.

Total Assets is connected with ROA %. Tix's annualized ROA % for the quarter that ended in Sep. 2020 was -102.13%. Total Assets is also linked to Revenue through Asset Turnover. Tix's Asset Turnover for the quarter that ended in Sep. 2020 was 0.00.

Tix Total Assets Historical Data

The historical data trend for Tix'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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Tix Total Assets Chart

Tix Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Total Assets

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23.40

21.46

14.07

6.31

6.16

Tix Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Assets	Get a 7-Day Free Trial															8.94	6.16	4.34	4.37	4.23

Tix 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.

Tix's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as

Total Assets	=	Total Equity (A: Dec. 2019 )	+	Total Liabilities (A: Dec. 2019 )
	=	2.212	+	3.947
	=	6.16

Tix's Total Assets for the quarter that ended in Sep. 2020 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2020 )	+	Total Liabilities (Q: Sep. 2020 )
	=	-1.09	+	5.318
	=	4.23

Tix (OTCPK:TIXC) Total Assets Explanation

Total Assets is connected with ROA %.

Tix's annualized ROA % for the quarter that ended in Sep. 2020 is

ROA %	=	Net Income (Q: Sep. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Sep. 2020 ))	/ count )
	=	-4.388	/	( (4.365	+	4.228)	/ 2 )
	=	-4.388	/	4.2965
	=	-102.13 %

Note: The Net Income data used here is four times the quarterly (Sep. 2020) 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.

Tix's Asset Turnover for the quarter that ended in Sep. 2020 is

	Asset Turnover
=	Revenue (Q: Sep. 2020 )	/	( (Total Assets (Q: Jun. 2020 )	+	Total Assets (Q: Sep. 2020 ))	/ count )
=	0	/	( (4.365	+	4.228)	/ 2 )
=	0	/	4.2965
=	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.

Tix Total Assets Related Terms

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Tix (TIXC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tix Corp (OTCPK:TIXC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

731 Pilot Road, Suite A, Las Vegas, NV, USA, 89119

Website

http://www.tixcorp.com

Tix Corp is an entertainment company. It is engaged in providing discount ticketing and discount dining and shopping products. Through its subsidiaries, the company offers sale discount tickets to Las Vegas shows and discounted dining at various restaurants surrounding the Las Vegas Strip and downtown.

Executives

Mitch Francis	director, 10 percent owner, officer: Chief Executive Officer	12001 VENTURA PLACE SUITE 340 STUDIO CITY CA 91604
Kimberly Sue Simon	officer: Chief Operating Officer	C/O LOEB & LOEB LLP 10100 SANTA MONICA BLVD #2200 LOS ANGELES CA 90067-4164
Benjamin Frankel	director	C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604
Norman Feirstein	director	C/O CINEMA RIDE INC 12001 VENTURA PLACE STE 340 STUDIO CITY CA 91604
Sam Georges	director	930 SOUTH ANDREAN DRIVE, SUITE H ESCONDIDO CA 92029
Andy Pells	director	12001 VENTURA PLACE #340 STUDIO CITY CA 91604
Steve Handy	officer: Chief Financial Officer	8228 SUNSET BLVD., LOS ANGELES CA 90046
Joseph B Marsh	10 percent owner, other: consultant	605 SURFSIDE DRIVE AKRON OH 44317
Iqbal Ashraf	10 percent owner	201 S. LAKE AVENUE SUITE 603 PASADENA CA 91101
Richard Kam	officer: Vice President - Finance	12001 VENTURA PLACE #340 STUDIO CITY CA 91604
Matt Natalizio	officer: CFO	11726 SAN VICENTE BLVD., SUITE 650, LOS ANGELES CA 90049
Gray Gerry	10 percent owner	4118 SUNDANCE DRIVE SUN PEAKS A1 V0E1Z1