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Madison Technologies's Total Assets for the quarter that ended in Jun. 2023 was $0.00 Mil.
Total Assets is connected with ROA %. Madison Technologies's annualized ROA % for the quarter that ended in Jun. 2023 was -431,600.00%. Total Assets is also linked to Revenue through Asset Turnover. Madison Technologies's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.
The historical data trend for Madison 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.
Madison Technologies Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 0.01 | 0.01 | 0.51 | 16.77 | 11.74 |
Madison Technologies Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Total Assets | Get a 7-Day Free Trial | 15.93 | 15.79 | 11.74 | - | - |
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.
Madison Technologies's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as
Total Assets | = | Total Equity (A: Dec. 2022 ) | + | Total Liabilities (A: Dec. 2022 ) |
= | -16.734 | + | 28.474 | |
= | 11.74 |
Madison Technologies's Total Assets for the quarter that ended in Jun. 2023 is calculated as
Total Assets | = | Total Equity (Q: Jun. 2023 ) | + | Total Liabilities (Q: Jun. 2023 ) |
= | -28.582 | + | 28.582 | |
= | 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.
Madison Technologies (OTCPK:MDEX) Total Assets Explanation
Total Assets is connected with ROA %.
Madison Technologies's annualized ROA % for the quarter that ended in Jun. 2023 is
ROA % | = | Net Income (Q: Jun. 2023 ) | / | ( (Total Assets (Q: Mar. 2023 ) | + | Total Assets (Q: Jun. 2023 )) | / count ) |
= | -4.316 | / | ( (0.001 | + | 0) | / 1 ) | |
= | -4.316 | / | 0.001 | ||||
= | -431,600.00 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2023) 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.
Madison Technologies's Asset Turnover for the quarter that ended in Jun. 2023 is
Asset Turnover | ||||||
= | Revenue (Q: Jun. 2023 ) | / | ( (Total Assets (Q: Mar. 2023 ) | + | Total Assets (Q: Jun. 2023 )) | / count ) |
= | 0 | / | ( (0.001 | + | 0) | / 1 ) |
= | 0 | / | 0.001 | |||
= | 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.
Thank you for viewing the detailed overview of Madison Technologies's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas James Brady | director, 10 percent owner, officer: CEO, CFO, Secretary Treasurer | 750 WEST PENDER STREET, SUITE 202, VANCOUVER A1 V6C 2T7 |
Frank Mcenulty | director | 4182 N. VIKING WAY, SUITE 216, LONG BEACH CA 90808-1475 |
Steven Cozine | director, 10 percent owner, officer: Secy/Treas | 1460 BARCLAY ST. #701, NORTH VANCOUVER A1 V6G 1J5 |
Joseph Gallo | director, 10 percent owner, officer: President | 4445 PATTERDALE DRIVE, NORTH VANCOUVER A1 V7R 4L8 |
Joel Haskins | director, 10 percent owner, officer: Treasurer | 525 SEYMOUR STREET, SUITE 807, VANCOUVER A1 V6B 3H7 |
Kevin Michael Stunder | director, 10 percent owner, officer: President | 525 SEYMOUR STREET, SUITE 807, VANCOUVER A1 V6B 3H7 |
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