Enthusiast Gaming Holdings (TSX:EGLX) Total Assets : C$268.7 Mil (As of Sep. 2023)

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What is Enthusiast Gaming Holdings Total Assets?

Enthusiast Gaming Holdings's Total Assets for the quarter that ended in Sep. 2023 was C$268.7 Mil.

Total Assets is connected with ROA %. Enthusiast Gaming Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was -80.02%. Total Assets is also linked to Revenue through Asset Turnover. Enthusiast Gaming Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.15.

Enthusiast Gaming Holdings Total Assets Historical Data

The historical data trend for Enthusiast Gaming 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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Enthusiast Gaming Holdings Total Assets Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

1.25

169.34

222.32

387.78

341.44

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															354.12	341.44	327.35	321.84	268.68

Enthusiast Gaming 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.

Enthusiast Gaming 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 )
	=	254.651	+	86.787
	=	341.4

Enthusiast Gaming Holdings'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 )
	=	182.289	+	86.393
	=	268.7

Enthusiast Gaming Holdings (TSX:EGLX) Total Assets Explanation

Total Assets is connected with ROA %.

Enthusiast Gaming Holdings'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 )
	=	-236.256	/	( (321.844	+	268.682)	/ 2 )
	=	-236.256	/	295.263
	=	-80.02 %

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.

Enthusiast Gaming Holdings'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 )
=	45.558	/	( (321.844	+	268.682)	/ 2 )
=	45.558	/	295.263
=	0.15

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.

Enthusiast Gaming Holdings Total Assets Related Terms

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Enthusiast Gaming Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (TSX:EGLX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 St. Clair West, Suite 1000, Toronto, ON, CAN, M4V 1L5

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company. Its principal business activities are comprised of media and content, esports and entertainment and subscription. The company's digital media platform includes its flagship video gaming related owned and operated websites, its content channels including YouTube and casual games, and is where it derives maximum revenue from its media and content. Its esports and entertainment business, includes Luminosity, a world-wide esports franchise that consists of professional esports teams under ownership and management, and Pocket Gamer Connects, a mobile gaming events series. The company operates in one industry segment of digital media and entertainment. It geographically operates in USA, Canada, England and Wales and other foreign countries.

Executives

Eric Bernofsky	Senior Officer
Michael Beckerman	Director
Ben Colabrese	Director
Adrian Taylor Montgomery	10% Security Holder, Director, Senior Officer
Alexander Ross Macdonald	Senior Officer
Stephen James Maida	Director
Francesco Aquilini	10% Security Holder, Director

Enthusiast Gaming Holdings Headlines

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