OLKR (OpenLocker Holdings) Total Assets : $0.01 Mil (As of Jul. 2024)

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What is OpenLocker Holdings Total Assets?

OpenLocker Holdings's Total Assets for the quarter that ended in Jul. 2024 was $0.01 Mil.

During the past 12 months, OpenLocker Holdings's average Total Assets Growth Rate was -100.00% per year.

During the past 5 years, OpenLocker Holdings's highest 3-Year average Total Assets Growth Rate was -36.50%. The lowest was -36.50%. And the median was -36.50%.

Total Assets is connected with ROA %. OpenLocker Holdings's annualized ROA % for the quarter that ended in Jul. 2024 was -4,072.73%. Total Assets is also linked to Revenue through Asset Turnover. OpenLocker Holdings's Asset Turnover for the quarter that ended in Jul. 2024 was 0.00.

OpenLocker Holdings Total Assets Historical Data

The historical data trend for OpenLocker Holdings'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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OpenLocker Holdings Total Assets Chart

OpenLocker Holdings Annual Data

Trend

Dec19

Dec20

Jul22

Jul23

Jul24

Total Assets

0.04

0.05

5.82

0.03

0.01

OpenLocker Holdings Quarterly Data
	Dec19	Dec20	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Total Assets	Get a 7-Day Free Trial									0.03	0.05	0.03	0.02	0.01

OpenLocker Holdings 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.

OpenLocker Holdings's Total Assets for the fiscal year that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (A: Jul. 2024 )	+	Total Liabilities (A: Jul. 2024 )
	=	-0.463	+	0.468
	=	0.01

OpenLocker Holdings's Total Assets for the quarter that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2024 )	+	Total Liabilities (Q: Jul. 2024 )
	=	-0.463	+	0.468
	=	0.01

OpenLocker Holdings (OTCPK:OLKR) Total Assets Explanation

Total Assets is connected with ROA %.

OpenLocker Holdings's annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %	=	Net Income (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
	=	-0.448	/	( (0.017	+	0.005)	/ 2 )
	=	-0.448	/	0.011
	=	-4,072.73 %

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

OpenLocker Holdings's Asset Turnover for the quarter that ended in Jul. 2024 is

	Asset Turnover
=	Revenue (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
=	0	/	( (0.017	+	0.005)	/ 2 )
=	0	/	0.011
=	0.00

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.

OpenLocker Holdings Total Assets Related Terms

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OpenLocker Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OpenLocker Holdings Inc (OTCPK:OLKR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1700 Palm Beach Lakes Boulevard, Suite 820, West Palm Beach, FL, USA, 33401

Website

https://www.openlockerholdings.io

OpenLocker Holdings Inc connects the digital and the physical worlds by offering real-world utility and a physical token of ownership to fans who purchase a digital collectible on its Web3 platform. It offers a FanTech platform for athletes and brands to redefine and unlock value for their fans and audience. It builds and engaged communities and opens doors to Name, Image, and Likeness (NIL) revenue opportunities for student-athletes that previously did not exist. Its portfolio consists of Bone Yard Huskyz Ckub, Gataverse, Open Stable, and Others.

Executives

Abby Eileen Klatsky	10 percent owner	12 WINSOR PLACE, GLEN RIDGE NJ 07028
Brendan John O'brien	10 percent owner	575 JERICHO TURNPIKE, SUITE 307, JERICHO NY 11753
Brian Lance Klatsky	director, officer: President, OpenLocker Inc.	320 BROAD STREET, RED BANK NJ 07701
Lauren Blair Klatsky	officer: COO of OpenLocker Inc.	320 BROAD STREET, RED BANK NJ 07701
Laura E Anthony	director, 10 percent owner, officer: President	LAURA ANTHONY, 120 S. OLIVE AVE, WEST PALM BEACH FL 33401
Howard Gostfrand	director, 10 percent owner, officer: Chief Executive Officer	625 N. FLAGLER DRIVE, SUITE 600, WEST PALM BEACH FL 33401
Meir Wexler	director, officer: Chief Investment Officer	2123 DUNWOODY GLN, DUNWOODY GA 30338
Aleksandr Rubin	director, officer: CEO, PFO, PAO	400 SUNNY ISLES BLVD, APT 1019, NORTH MIAMI FL 33160
Balance Labs, Inc.	10 percent owner	407 LINCOLN ROAD, SUITE 701, MIAMI BEACH FL 33139
Jason Lyons	10 percent owner	612 HOWARD STREET, SAN FRANCISCO CA 94549
Mikael Lundgren	officer: President	9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210
Mid Atlantic Capital Associates Inc.	officer: President	9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210
Wayne A Root	director, 10 percent owner	5092 SOUTH JONES BOULEVARD, LAS VEGAS NV 89118
Douglas R Miller	director, officer: President and COO	5092 SOUTH JONES BOULEVARD, LAS VEGAS NV 89118
Roger Lee Harrison	director	8455 BEVERLY BLVD, STE 407, WEST HOLLYWOOD CA 90048