BEACN Wizardry & Magic (TSXV:BECN) Total Assets : C$3.38 Mil (As of Sep. 2023)

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What is BEACN Wizardry & Magic Total Assets?

BEACN Wizardry & Magic's Total Assets for the quarter that ended in Sep. 2023 was C$3.38 Mil.

During the past 12 months, BEACN Wizardry & Magic's average Total Assets Growth Rate was -3.50% per year.

Total Assets is connected with ROA %. BEACN Wizardry & Magic's annualized ROA % for the quarter that ended in Sep. 2023 was -74.07%. Total Assets is also linked to Revenue through Asset Turnover. BEACN Wizardry & Magic's Asset Turnover for the quarter that ended in Sep. 2023 was 0.26.

BEACN Wizardry & Magic Total Assets Historical Data

The historical data trend for BEACN Wizardry & Magic'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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BEACN Wizardry & Magic Total Assets Chart

BEACN Wizardry & Magic Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.46

3.36

4.46

BEACN Wizardry & Magic Quarterly Data
	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial							3.79	4.46	3.72	3.34	3.38

BEACN Wizardry & Magic 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.

BEACN Wizardry & Magic'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 )
	=	3.555	+	0.902
	=	4.46

BEACN Wizardry & Magic'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 )
	=	2.812	+	0.571
	=	3.38

BEACN Wizardry & Magic (TSXV:BECN) Total Assets Explanation

Total Assets is connected with ROA %.

BEACN Wizardry & Magic'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 )
	=	-2.488	/	( (3.335	+	3.383)	/ 2 )
	=	-2.488	/	3.359
	=	-74.07 %

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.

BEACN Wizardry & Magic'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 )
=	0.887	/	( (3.335	+	3.383)	/ 2 )
=	0.887	/	3.359
=	0.26

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.

BEACN Wizardry & Magic Total Assets Related Terms

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BEACN Wizardry & Magic (TSXV:BECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BEACN Wizardry & Magic Inc (TSXV:BECN) » Definitions » Total Assets

Traded in Other Exchanges

N/A

Address

3450 Uptown Boulevard, Suite 301, Victoria, BC, CAN, V8Z 0B9

Website

BEACN Wizardry & Magic Inc develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and?Beacn Mix Create. The group has two reportable geographic segments namely North America and Other.

Executives

Craig David Fraser

Director, Senior Officer