Looking Glass Labs (AQSE:NFTX) Total Assets : £0.64 Mil (As of Jan. 2024)

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What is Looking Glass Labs Total Assets?

Looking Glass Labs's Total Assets for the quarter that ended in Jan. 2024 was £0.64 Mil.

During the past 12 months, Looking Glass Labs's average Total Assets Growth Rate was -92.90% per year.

Total Assets is connected with ROA %. Looking Glass Labs's annualized ROA % for the quarter that ended in Jan. 2024 was 248.42%. Total Assets is also linked to Revenue through Asset Turnover. Looking Glass Labs's Asset Turnover for the quarter that ended in Jan. 2024 was 0.80.

Looking Glass Labs Total Assets Historical Data

The historical data trend for Looking Glass Labs'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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Looking Glass Labs Total Assets Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Total Assets

0.01

4.81

0.49

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial											3.32	1.59	0.49	0.31	0.64

Looking Glass Labs 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.

Looking Glass Labs's Total Assets for the fiscal year that ended in Jul. 2023 is calculated as

Total Assets	=	Total Equity (A: Jul. 2023 )	+	Total Liabilities (A: Jul. 2023 )
	=	-2.411	+	2.902
	=	0.49

Looking Glass Labs's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	-0.784	+	1.423
	=	0.64

Looking Glass Labs (AQSE:NFTX) Total Assets Explanation

Total Assets is connected with ROA %.

Looking Glass Labs's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	1.18	/	( (0.311	+	0.639)	/ 2 )
	=	1.18	/	0.475
	=	248.42 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) 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.

Looking Glass Labs's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0.382	/	( (0.311	+	0.639)	/ 2 )
=	0.382	/	0.475
=	0.80

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.

Looking Glass Labs Total Assets Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Looking Glass Labs Ltd (AQSE:NFTX) » Definitions » Total Assets

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Traded in Other Exchanges

H1N0:Germany NFTX:Canada

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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