Skillz (Skillz) Total Assets : $428.1 Mil (As of Sep. 2023)

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What is Skillz Total Assets?

Skillz's Total Assets for the quarter that ended in Sep. 2023 was $428.1 Mil.

During the past 12 months, Skillz's average Total Assets Growth Rate was -69.70% per year. During the past 3 years, the average Total Assets Growth Rate was 115.00% per year.

During the past 5 years, Skillz's highest 3-Year average Total Assets Growth Rate was 115.00%. The lowest was 115.00%. And the median was 115.00%.

Total Assets is connected with ROA %. Skillz's annualized ROA % for the quarter that ended in Sep. 2023 was -30.65%. Total Assets is also linked to Revenue through Asset Turnover. Skillz's Asset Turnover for the quarter that ended in Sep. 2023 was 0.08.

Skillz Total Assets Historical Data

The historical data trend for Skillz'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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Skillz Total Assets Chart

Skillz Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

38.86

282.42

1,021.12

621.30

Skillz Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial												772.41	621.30	612.16	447.39	428.12

Skillz 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.

Skillz'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 )
	=	278.401	+	342.894
	=	621.3

Skillz'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 )
	=	227.734	+	200.385
	=	428.1

Skillz (NYSE:SKLZ) Total Assets Explanation

Total Assets is connected with ROA %.

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

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-134.18	/	( (447.389	+	428.119)	/ 2 )
	=	-134.18	/	437.754
	=	-30.65 %

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

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

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	36.427	/	( (447.389	+	428.119)	/ 2 )
=	36.427	/	437.754
=	0.08

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.

Skillz Total Assets Related Terms

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Skillz (Skillz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Skillz Inc (NYSE:SKLZ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SKLZ:Mexico

Address

P.O. Box 445, San francisco, CA, USA, 94104

Website

https://www.skillz.com

Skillz Inc is a mobile game development company. It is engaged in re-inventing competitive mobile gaming and thereby expanding the mobile gaming market.

Executives

Jason Roswig	officer: President & CFO	PO BOX 445, SAN FRANCISCO CA 94104
Andrew Paradise	director, officer: Chief Executive Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Andrew Dahlinghaus	officer: General Counsel	P.O. BOX 445, SAN FRANCISCO CA 94104
Kevin Chessen	director	1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Elly Ryu	officer: Controller/Head of Accounting	245 FIRST STREET, SUITE 1800, CAMBRIDGE MA 02142
Alvin Lobo	officer: Chief Financial Officer	P.O. BOX 445, SAN FRANCISCO CA 94104
Alexander Mandel	director	1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Stanley Mbugua	officer: Chief Accounting Officer	SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Seth Schorr	director	PO BOX 445, SAN FRANCISCO CA 94104
Henry M. Hoffman	director	PO BOX 445, SAN FRANCISCO CA 94104
Shari Glazer	director	PO BOX 445, SAN FRANCISCO CA 94104
Harry Sloan	director, 10 percent owner, officer: CEO, Chairman	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Jerome Leon Bruckheimer	director	PHILPOTT MEEKS, 10030 VENTURA BOULEVARD, SUITE 380, ENCINO CA 91436
Christopher S Gaffney	director	C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116
Casey Chafkin	director, officer: Chief Revenue Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445