SMCE (SMC Entertainment) Total Assets : $0.10 Mil (As of Sep. 2024)

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What is SMC Entertainment Total Assets?

SMC Entertainment's Total Assets for the quarter that ended in Sep. 2024 was $0.10 Mil.

During the past 12 months, SMC Entertainment's average Total Assets Growth Rate was -99.60% per year.

Total Assets is connected with ROA %. SMC Entertainment's annualized ROA % for the quarter that ended in Sep. 2024 was 23,840.84%. Total Assets is also linked to Revenue through Asset Turnover. SMC Entertainment's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

SMC Entertainment Total Assets Historical Data

The historical data trend for SMC Entertainment'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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SMC Entertainment Total Assets Chart

SMC Entertainment Annual Data

Trend

Dec99

Dec00

Dec01

Jun03

Dec22

Dec23

Total Assets

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0.85

0.31

0.37

SMC Entertainment Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															23.90	0.37	0.37	0.10	0.10

SMC Entertainment 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.

SMC Entertainment'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 )
	=	-3.329	+	3.701
	=	0.37

SMC Entertainment'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 )
	=	-11.441	+	11.536
	=	0.09

SMC Entertainment (OTCPK:SMCE) Total Assets Explanation

Total Assets is connected with ROA %.

SMC Entertainment'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 )
	=	22.768	/	( (0.095	+	0.096)	/ 2 )
	=	22.768	/	0.0955
	=	23,840.84 %

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.

SMC Entertainment'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	/	( (0.095	+	0.096)	/ 2 )
=	0	/	0.0955
=	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.

SMC Entertainment Total Assets Related Terms

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SMC Entertainment Business Description

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Address

9170 Glades Road, Suite 150, Boca Raton, FL, USA, 33434

Website

https://www.smceinc.com

SMC Entertainment Inc through its wholly owned subsidiary markets a software-as-a-service (SaaS) proprietary platform for Certified Public Accountants (CPAs) Financial Institutions and Registered Investment Advisors (RIAs). The Platform is a SaaS platform enabling users to see the developing market trends and use it to create customizable baskets if applicable. The Platform's IQ Engine enables the user to see changes occurring on the underlying indexes daily and provides alternatives based on machine learning (ML) and artificial intelligence (AI) which the user can incorporate into its decision-making process.