PAVS (Paranovus Entertainment Technology) Total Assets : $7.73 Mil (As of Mar. 2024)

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What is Paranovus Entertainment Technology Total Assets?

Paranovus Entertainment Technology's Total Assets for the quarter that ended in Mar. 2024 was $7.73 Mil.

During the past 12 months, Paranovus Entertainment Technology's average Total Assets Growth Rate was -80.20% per year. During the past 3 years, the average Total Assets Growth Rate was -55.30% per year. During the past 5 years, the average Total Assets Growth Rate was -27.50% per year.

During the past 8 years, Paranovus Entertainment Technology's highest 3-Year average Total Assets Growth Rate was 19.60%. The lowest was -55.30%. And the median was 11.40%.

Total Assets is connected with ROA %. Paranovus Entertainment Technology's annualized ROA % for the quarter that ended in Mar. 2024 was -387.79%. Total Assets is also linked to Revenue through Asset Turnover. Paranovus Entertainment Technology's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Paranovus Entertainment Technology Total Assets Historical Data

The historical data trend for Paranovus Entertainment Technology'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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Paranovus Entertainment Technology Total Assets Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

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85.10

112.75

97.43

36.34

7.73

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial										97.43	75.97	36.34	11.17	7.73

Paranovus Entertainment Technology 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.

Paranovus Entertainment Technology'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 )
	=	5.168	+	2.56
	=	7.73

Paranovus Entertainment Technology's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	5.168	+	2.56
	=	7.73

Paranovus Entertainment Technology (NAS:PAVS) Total Assets Explanation

Total Assets is connected with ROA %.

Paranovus Entertainment Technology's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-36.644	/	( (11.17	+	7.729)	/ 2 )
	=	-36.644	/	9.4495
	=	-387.79 %

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

Paranovus Entertainment Technology's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.251	/	( (11.17	+	7.729)	/ 2 )
=	0.251	/	9.4495
=	0.03

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.

Paranovus Entertainment Technology Total Assets Related Terms

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Paranovus Entertainment Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

2UO:Germany

Address

250 Park Avenue, 7th Floor, New York, NY, USA, 10177

Website

https://www.pavs.ai

Paranovus Entertainment Technology Ltd through its subsidiary, is engaged in the AI-powered entertainment industry, aiming to provide users with AI-driven games and applications to deliver immersive and engaging entertainment experiences. It is planning to launch SimTwin application which will allow users to interact with digital versions of people and capture life moments. The company also has a software development agreement with Blueline Studios Inc which is developing 10,000 Lives, a mobile game where players pursue various careers and life goals using a board game mechanic.