Destiny Media Technologies (FRA:DME1) Total Assets : €3.42 Mil (As of Nov. 2024)

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What is Destiny Media Technologies Total Assets?

Destiny Media Technologies's Total Assets for the quarter that ended in Nov. 2024 was €3.42 Mil.

Warning Sign:

If a company builds assets at 22.5% a year, faster than its revenue growth rate of 4.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Destiny Media Technologies's average Total Assets Growth Rate was -2.10% per year. During the past 3 years, the average Total Assets Growth Rate was 25.60% per year. During the past 5 years, the average Total Assets Growth Rate was 22.50% per year. During the past 10 years, the average Total Assets Growth Rate was 2.90% per year.

During the past 13 years, Destiny Media Technologies's highest 3-Year average Total Assets Growth Rate was 71.40%. The lowest was -27.90%. And the median was 9.80%.

Total Assets is connected with ROA %. Destiny Media Technologies's annualized ROA % for the quarter that ended in Nov. 2024 was 13.13%. Total Assets is also linked to Revenue through Asset Turnover. Destiny Media Technologies's Asset Turnover for the quarter that ended in Nov. 2024 was 0.34.

Destiny Media Technologies Total Assets Historical Data

The historical data trend for Destiny Media Technologies'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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Destiny Media Technologies Total Assets Chart

Destiny Media Technologies Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Total Assets

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3.22

3.29

3.52

3.56

3.35

Destiny Media Technologies Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Total Assets	Get a 7-Day Free Trial															3.68	3.44	3.41	3.35	3.42

Destiny Media Technologies 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.

Destiny Media Technologies's Total Assets for the fiscal year that ended in Aug. 2024 is calculated as

Total Assets	=	Total Equity (A: Aug. 2024 )	+	Total Liabilities (A: Aug. 2024 )
	=	2.871	+	0.474
	=	3.35

Destiny Media Technologies's Total Assets for the quarter that ended in Nov. 2024 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2024 )	+	Total Liabilities (Q: Nov. 2024 )
	=	2.997	+	0.421
	=	3.42

Destiny Media Technologies (FRA:DME1) Total Assets Explanation

Total Assets is connected with ROA %.

Destiny Media Technologies's annualized ROA % for the quarter that ended in Nov. 2024 is

ROA %	=	Net Income (Q: Nov. 2024 )	/	( (Total Assets (Q: Aug. 2024 )	+	Total Assets (Q: Nov. 2024 ))	/ count )
	=	0.444	/	( (3.345	+	3.419)	/ 2 )
	=	0.444	/	3.382
	=	13.13 %

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

Destiny Media Technologies's Asset Turnover for the quarter that ended in Nov. 2024 is

	Asset Turnover
=	Revenue (Q: Nov. 2024 )	/	( (Total Assets (Q: Aug. 2024 )	+	Total Assets (Q: Nov. 2024 ))	/ count )
=	1.156	/	( (3.345	+	3.419)	/ 2 )
=	1.156	/	3.382
=	0.34

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.

Destiny Media Technologies Total Assets Related Terms

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Destiny Media Technologies Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Destiny Media Technologies Inc (FRA:DME1) » Definitions » Total Assets

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DSNY:USA DSY:Canada

Address

1575 West Georgia Street, Suite 428, Vancouver, BC, CAN, V6G 2V3

Website

https://www.dsny.com

Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are; Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers; MTR, a digital tracking service that tracks and reports the number and times an individual track is played; and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking, and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers. Geographically, the company derives maximum revenue from Canada.

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