MiMedia Holdings (TSXV:MIM) Total Assets : C$1.78 Mil (As of Mar. 2024)

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What is MiMedia Holdings Total Assets?

MiMedia Holdings's Total Assets for the quarter that ended in Mar. 2024 was C$1.78 Mil.

During the past 12 months, MiMedia Holdings's average Total Assets Growth Rate was -21.00% per year. During the past 3 years, the average Total Assets Growth Rate was 108.90% per year.

During the past 4 years, MiMedia Holdings's highest 3-Year average Total Assets Growth Rate was 108.90%. The lowest was 108.90%. And the median was 108.90%.

Total Assets is connected with ROA %. MiMedia Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was -239.11%. Total Assets is also linked to Revenue through Asset Turnover. MiMedia Holdings's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

MiMedia Holdings Total Assets Historical Data

The historical data trend for MiMedia 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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MiMedia Holdings Total Assets Chart

MiMedia Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

0.04

4.48

1.18

2.63

MiMedia Holdings Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial								3.59	2.44	3.63	2.63	1.78

MiMedia 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.

MiMedia Holdings'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 )
	=	-3.813	+	6.44
	=	2.63

MiMedia Holdings's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-4.602	+	6.378
	=	1.78

MiMedia Holdings (TSXV:MIM) Total Assets Explanation

Total Assets is connected with ROA %.

MiMedia Holdings's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-5.264	/	( (2.627	+	1.776)	/ 2 )
	=	-5.264	/	2.2015
	=	-239.11 %

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

MiMedia Holdings's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.004	/	( (2.627	+	1.776)	/ 2 )
=	0.004	/	2.2015
=	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.

MiMedia Holdings Total Assets Related Terms

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MiMedia Holdings (TSXV:MIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MiMedia Holdings Inc (TSXV:MIM) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o WeWork, 85 Broad Street, New York, NY, USA, 10004

Website

http://www.mimedia.com

MiMedia Holdings Inc provides a next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world.

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