Orthogonal Global Group (XCNQ:OGG) Total Assets : C$4.40 Mil (As of Dec. 2023)

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What is Orthogonal Global Group Total Assets?

Orthogonal Global Group's Total Assets for the quarter that ended in Dec. 2023 was C$4.40 Mil.

During the past 12 months, Orthogonal Global Group's average Total Assets Growth Rate was 82280.00% per year.

Total Assets is connected with ROA %. Orthogonal Global Group's annualized ROA % for the quarter that ended in Dec. 2023 was -62.77%. Total Assets is also linked to Revenue through Asset Turnover. Orthogonal Global Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Orthogonal Global Group Total Assets Historical Data

The historical data trend for Orthogonal Global Group'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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Orthogonal Global Group Total Assets Chart

Orthogonal Global Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

0.50

2.01

Orthogonal Global Group Quarterly Data
	Jun19	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial								0.19	2.18	2.01	4.81	4.40

Orthogonal Global Group 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.

Orthogonal Global Group's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	1.688	+	0.321
	=	2.01

Orthogonal Global Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	4.115	+	0.287
	=	4.40

Orthogonal Global Group (XCNQ:OGG) Total Assets Explanation

Total Assets is connected with ROA %.

Orthogonal Global Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-2.892	/	( (4.812	+	4.403)	/ 2 )
	=	-2.892	/	4.6075
	=	-62.77 %

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

Orthogonal Global Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0.019	/	( (4.812	+	4.403)	/ 2 )
=	0.019	/	4.6075
=	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.

Orthogonal Global Group Total Assets Related Terms

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Orthogonal Global Group (XCNQ:OGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Orthogonal Global Group Inc (XCNQ:OGG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

OGGIF:USA 8M9:Germany

Address

22 Leader Lane, Suite 409, Toronto, ON, CAN, M5E 0B2

Website

https://www.w3ven.com

Orthogonal Global Group Inc is a diversified investment company focused on identifying, incubating, accelerating, and developing world-class projects and applications for the decentralized web. Focused on supporting founders and entrepreneurs, Orthogonal Global core investment pillars are blockchain-based transparency, secured identity, verified communications, and gamification, focusing on early-stage, small and medium enterprises in the burgeoning Web three sector.

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