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TGS Esports (TGS Esports) Total Assets : $1.41 Mil (As of Mar. 2022)


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What is TGS Esports Total Assets?

TGS Esports's Total Assets for the quarter that ended in Mar. 2022 was $1.41 Mil.

Total Assets is connected with ROA %. TGS Esports's annualized ROA % for the quarter that ended in Mar. 2022 was -149.22%. Total Assets is also linked to Revenue through Asset Turnover. TGS Esports's Asset Turnover for the quarter that ended in Mar. 2022 was 0.17.


TGS Esports Total Assets Historical Data

The historical data trend for TGS Esports'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.

* Premium members only.

TGS Esports Total Assets Chart

TGS Esports Annual Data
Trend Jun20 Jun21
Total Assets
0.52 1.86

TGS Esports Quarterly Data
Jun19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Total Assets Get a 7-Day Free Trial Premium Member Only 6.56 1.86 1.41 1.10 1.41

TGS Esports 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.

TGS Esports's Total Assets for the fiscal year that ended in Jun. 2021 is calculated as

Total Assets=Total Equity (A: Jun. 2021 )+Total Liabilities (A: Jun. 2021 )
=-0.223+2.082
=1.86

TGS Esports's Total Assets for the quarter that ended in Mar. 2022 is calculated as

Total Assets=Total Equity (Q: Mar. 2022 )+Total Liabilities (Q: Mar. 2022 )
=-1.501+2.915
=1.41

* 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.


TGS Esports  (OTCPK:TGSEF) Total Assets Explanation

Total Assets is connected with ROA %.

TGS Esports's annualized ROA % for the quarter that ended in Mar. 2022 is

ROA %=Net Income (Q: Mar. 2022 )/( (Total Assets (Q: Dec. 2021 )+Total Assets (Q: Mar. 2022 ))/ count )
=-1.872/( (1.095+1.414)/ 2 )
=-1.872/1.2545
=-149.22 %

Note: The Net Income data used here is four times the quarterly (Mar. 2022) 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.

TGS Esports's Asset Turnover for the quarter that ended in Mar. 2022 is

Asset Turnover
=Revenue (Q: Mar. 2022 )/( (Total Assets (Q: Dec. 2021 )+Total Assets (Q: Mar. 2022 ))/ count )
=0.21/( (1.095+1.414)/ 2 )
=0.21/1.2545
=0.17

* 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.

TGS Esports Total Assets Related Terms

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TGS Esports (TGS Esports) Business Description

Traded in Other Exchanges
N/A
Address
4211 No. 3 Road, Richmond, BC, CAN, V6X 2C3
TGS Esports Inc is engaged in the business of providing and hosting esports events, tournaments, and leagues at both the amateur and professional levels both online and in person. Also, the company has an esports stadium to play and watch sports.