MetaWorks Platforms (XCNQ:MWRK) Total Assets : C$2.22 Mil (As of Mar. 2024)

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What is MetaWorks Platforms Total Assets?

MetaWorks Platforms's Total Assets for the quarter that ended in Mar. 2024 was C$2.22 Mil.

During the past 12 months, MetaWorks Platforms's average Total Assets Growth Rate was -52.50% per year. During the past 3 years, the average Total Assets Growth Rate was 148.80% per year. During the past 5 years, the average Total Assets Growth Rate was 45.60% per year.

During the past 13 years, MetaWorks Platforms's highest 3-Year average Total Assets Growth Rate was 235.40%. The lowest was -45.30%. And the median was 88.40%.

Total Assets is connected with ROA %. MetaWorks Platforms's annualized ROA % for the quarter that ended in Mar. 2024 was -130.71%. Total Assets is also linked to Revenue through Asset Turnover. MetaWorks Platforms's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

MetaWorks Platforms Total Assets Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms Total Assets Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.06

0.18

6.83

2.20

2.26

MetaWorks Platforms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															5.10	4.73	7.34	2.26	2.22

MetaWorks Platforms 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.

MetaWorks Platforms'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 )
	=	-1.206	+	3.463
	=	2.26

MetaWorks Platforms'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 )
	=	-1.262	+	3.479
	=	2.22

MetaWorks Platforms (XCNQ:MWRK) Total Assets Explanation

Total Assets is connected with ROA %.

MetaWorks Platforms'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 )
	=	-2.924	/	( (2.257	+	2.217)	/ 2 )
	=	-2.924	/	2.237
	=	-130.71 %

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.

MetaWorks Platforms'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	/	( (2.257	+	2.217)	/ 2 )
=	0	/	2.237
=	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.

MetaWorks Platforms Total Assets Related Terms

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MetaWorks Platforms (XCNQ:MWRK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (XCNQ:MWRK) » Definitions » Total Assets

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MWRK:USA

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.