GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Global Interactive Technologies Inc (NAS:GITS) » Definitions » Total Assets

GITS (Global Interactive Technologies) Total Assets : $19.42 Mil (As of Sep. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Global Interactive Technologies Total Assets?

Global Interactive Technologies's Total Assets for the quarter that ended in Sep. 2024 was $19.42 Mil.

During the past 12 months, Global Interactive Technologies's average Total Assets Growth Rate was 122.60% per year. During the past 3 years, the average Total Assets Growth Rate was 44.10% per year.

During the past 4 years, Global Interactive Technologies's highest 3-Year average Total Assets Growth Rate was 44.10%. The lowest was 44.10%. And the median was 44.10%.

Total Assets is connected with ROA %. Global Interactive Technologies's annualized ROA % for the quarter that ended in Sep. 2024 was -10.31%. Total Assets is also linked to Revenue through Asset Turnover. Global Interactive Technologies's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Global Interactive Technologies Total Assets Historical Data

The historical data trend for Global Interactive 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.

* Premium members only.

Global Interactive Technologies Total Assets Chart

Global Interactive Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Assets
5.08 8.28 6.08 20.55

Global Interactive Technologies Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.43 20.55 19.50 18.76 19.42

Global Interactive 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.

Global Interactive Technologies's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=13.068+7.476
=20.54

Global Interactive Technologies's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=10.616+8.8
=19.42

* 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.

Global Interactive Technologies  (NAS:GITS) Total Assets Explanation

Total Assets is connected with ROA %.

Global Interactive Technologies's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-1.968/( (18.759+19.416)/ 2 )
=-1.968/19.0875
=-10.31 %

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

Global Interactive Technologies's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0/( (18.759+19.416)/ 2 )
=0/19.0875
=0.00

* 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.

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.

Global Interactive Technologies Total Assets Related Terms

Thank you for viewing the detailed overview of Global Interactive Technologies's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Interactive Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Global Interactive Technologies Inc (NAS:GITS) » Definitions » Total Assets
Comparable Companies
UPXI DGLY SLE CNNN LBUY BMTM ONFO STBX MRPT LFLY GOOGL META HKSE:00700 SPOT XAMS:PRX TSE:6098 DASH JSE:NPN BIDU HKSE:01024
Traded in Other Exchanges
N/A
Address
160, Yeouiseo-ro, Yeongdeungpo-gu, Seoul, KOR, 07231
Website
http://www.hanryuholdings.com
Global Interactive Technologies Inc, formerly Hanryu Holdings Inc is the creator of the engaging social media platform, FANTOO. Through FANTOO, it provides a multi-media platform for its users to interact with other like-minded users, share their appreciation of various types of entertainment and cultures, create their content, enjoy content, and engage in commerce.