Enthusiast Gaming Holdings (TSX:EGLX) Total Assets : C$268.7 Mil (As of Sep. 2023)

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What is Enthusiast Gaming Holdings Total Assets?

Enthusiast Gaming Holdings's Total Assets for the quarter that ended in Sep. 2023 was C$268.7 Mil.

During the past 12 months, Enthusiast Gaming Holdings's average Total Assets Growth Rate was -21.40% per year. During the past 3 years, the average Total Assets Growth Rate was 29.10% per year.

During the past 5 years, Enthusiast Gaming Holdings's highest 3-Year average Total Assets Growth Rate was 3021.50%. The lowest was 29.10%. And the median was 1525.30%.

Total Assets is connected with ROA %. Enthusiast Gaming Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was -80.02%. Total Assets is also linked to Revenue through Asset Turnover. Enthusiast Gaming Holdings's Asset Turnover for the quarter that ended in Sep. 2023 was 0.15.

Enthusiast Gaming Holdings Total Assets Historical Data

The historical data trend for Enthusiast Gaming 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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Enthusiast Gaming Holdings Total Assets Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

1.25

169.34

222.32

387.78

341.44

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial															354.12	341.44	327.35	321.84	268.68

Enthusiast Gaming 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.

Enthusiast Gaming Holdings's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	254.651	+	86.787
	=	341.4

Enthusiast Gaming Holdings's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	182.289	+	86.393
	=	268.7

Enthusiast Gaming Holdings (TSX:EGLX) Total Assets Explanation

Total Assets is connected with ROA %.

Enthusiast Gaming Holdings's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-236.256	/	( (321.844	+	268.682)	/ 2 )
	=	-236.256	/	295.263
	=	-80.02 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) 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.

Enthusiast Gaming Holdings's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	45.558	/	( (321.844	+	268.682)	/ 2 )
=	45.558	/	295.263
=	0.15

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.

Enthusiast Gaming Holdings Total Assets Related Terms

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Enthusiast Gaming Holdings (TSX:EGLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (TSX:EGLX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

EGLXF:USA 2AV:Germany

Address

90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.

Enthusiast Gaming Holdings (TSX:EGLX) Headlines

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