SONG (Music Licensing) Total Assets : $19.1 Mil (As of Jun. 2024)

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What is Music Licensing Total Assets?

Music Licensing's Total Assets for the quarter that ended in Jun. 2024 was $19.1 Mil.

During the past 12 months, Music Licensing's average Total Assets Growth Rate was -58.20% per year.

Total Assets is connected with ROA %. Music Licensing's annualized ROA % for the quarter that ended in Jun. 2024 was -330.97%. Total Assets is also linked to Revenue through Asset Turnover. Music Licensing's Asset Turnover for the quarter that ended in Jun. 2024 was 0.24.

Music Licensing Total Assets Historical Data

The historical data trend for Music Licensing'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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Music Licensing Total Assets Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

0.22

3.60

62.30

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Assets	Get a 7-Day Free Trial			45.51	52.15	62.30	41.70	19.05

Music Licensing 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.

Music Licensing'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 )
	=	49.58	+	12.719
	=	62.3

Music Licensing's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2024 )	+	Total Liabilities (Q: Jun. 2024 )
	=	1.233	+	17.819
	=	19.1

Music Licensing (OTCPK:SONG) Total Assets Explanation

Total Assets is connected with ROA %.

Music Licensing's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %	=	Net Income (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	-100.536	/	( (41.699	+	19.053)	/ 2 )
	=	-100.536	/	30.376
	=	-330.97 %

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

Music Licensing's Asset Turnover for the quarter that ended in Jun. 2024 is

	Asset Turnover
=	Revenue (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
=	7.319	/	( (41.699	+	19.053)	/ 2 )
=	7.319	/	30.376
=	0.24

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.

Music Licensing Total Assets Related Terms

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Music Licensing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues.