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Electric Guitar (LSE:ELEG) Total Assets : £0.07 Mil (As of Sep. 2024)


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What is Electric Guitar Total Assets?

Electric Guitar's Total Assets for the quarter that ended in Sep. 2024 was £0.07 Mil.

During the past 12 months, Electric Guitar's average Total Assets Growth Rate was -53.30% per year.

Total Assets is connected with ROA %. Electric Guitar's annualized ROA % for the quarter that ended in Sep. 2024 was -11,613.61%. Total Assets is also linked to Revenue through Asset Turnover. Electric Guitar's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Electric Guitar Total Assets Historical Data

The historical data trend for Electric Guitar'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.

Electric Guitar Total Assets Chart

Electric Guitar Annual Data
Trend Mar22 Mar23 Mar24
Total Assets
1.03 0.52 0.08

Electric Guitar Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Total Assets Get a 7-Day Free Trial 0.68 0.52 0.19 0.08 0.07

Electric Guitar 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.

Electric Guitar's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (A: Mar. 2024 )+Total Liabilities (A: Mar. 2024 )
=-0.913+0.994
=0.08

Electric Guitar'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 )
=-1.472+1.538
=0.07

* 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.

Electric Guitar  (LSE:ELEG) Total Assets Explanation

Total Assets is connected with ROA %.

Electric Guitar's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-8.536/( (0.081+0.066)/ 2 )
=-8.536/0.0735
=-11,613.61 %

Note: The Net Income data used here is two times the semi-annual (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.

Electric Guitar's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=0/( (0.081+0.066)/ 2 )
=0/0.0735
=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.

Electric Guitar Total Assets Related Terms

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Electric Guitar Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Electric Guitar PLC (LSE:ELEG) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
One Bartholomew Close, London, GBR, EC1A 7BL
Website
https://www.electricguitarplc.com
Electric Guitar PLC is a United Kingdom-based digital marketing and advertising company. The company is a provider of first-party data solutions for the marketing and advertising industry. The company allows businesses to realize the value of their first-party data. The company's approach is to acquire and scale businesses that help marketers maximize the value of first-party data by curating, managing, and deploying it.

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