DMG Blockchain Solutions (DMG Blockchain Solutions) Total Assets : $87.44 Mil (As of Mar. 2024)

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What is DMG Blockchain Solutions Total Assets?

DMG Blockchain Solutions's Total Assets for the quarter that ended in Mar. 2024 was $87.44 Mil.

Warning Sign:

If a company builds assets at 44.7% a year, faster than its revenue growth rate of 9.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, DMG Blockchain Solutions's average Total Assets Growth Rate was 30.20% per year. During the past 3 years, the average Total Assets Growth Rate was 57.90% per year. During the past 5 years, the average Total Assets Growth Rate was 44.70% per year.

During the past 12 years, DMG Blockchain Solutions's highest 3-Year average Total Assets Growth Rate was 1795.80%. The lowest was -15.70%. And the median was 63.85%.

Total Assets is connected with ROA %. DMG Blockchain Solutions's annualized ROA % for the quarter that ended in Mar. 2024 was 0.01%. Total Assets is also linked to Revenue through Asset Turnover. DMG Blockchain Solutions's Asset Turnover for the quarter that ended in Mar. 2024 was 0.10.

DMG Blockchain Solutions Total Assets Historical Data

The historical data trend for DMG Blockchain Solutions'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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DMG Blockchain Solutions Total Assets Chart

DMG Blockchain Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Assets

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19.09

16.26

87.70

72.65

61.04

DMG Blockchain Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															68.95	68.65	61.04	67.81	87.44

DMG Blockchain Solutions 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.

DMG Blockchain Solutions'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 )
	=	56.892	+	4.144
	=	61.04

DMG Blockchain Solutions's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	74.343	+	13.098
	=	87.44

DMG Blockchain Solutions (OTCPK:DMGGF) Total Assets Explanation

Total Assets is connected with ROA %.

DMG Blockchain Solutions's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	0.004	/	( (67.812	+	87.44)	/ 2 )
	=	0.004	/	77.626
	=	0.01 %

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

DMG Blockchain Solutions's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	7.4	/	( (67.812	+	87.44)	/ 2 )
=	7.4	/	77.626
=	0.10

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.

DMG Blockchain Solutions Total Assets Related Terms

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DMG Blockchain Solutions (DMG Blockchain Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DMG Blockchain Solutions Inc (OTCPK:DMGGF) » Definitions » Total Assets

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6AX:Germany DMGI:Canada

Address

4193 104 Street, Delta, BC, CAN, V4K3N3

Website

https://www.dmgblockchain.com

DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives revenue from Cryptocurrency mining, the Sale of mining equipment, and Set-up and hosting fees.