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East Side Games Group (East Side Games Group) Asset Turnover : 0.30 (As of Mar. 2024)


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What is East Side Games Group Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. East Side Games Group's Revenue for the three months ended in Mar. 2024 was $15.39 Mil. East Side Games Group's Total Assets for the quarter that ended in Mar. 2024 was $51.61 Mil. Therefore, East Side Games Group's Asset Turnover for the quarter that ended in Mar. 2024 was 0.30.

Asset Turnover is linked to ROE % through Du Pont Formula. East Side Games Group's annualized ROE % for the quarter that ended in Mar. 2024 was 15.12%. It is also linked to ROA % through Du Pont Formula. East Side Games Group's annualized ROA % for the quarter that ended in Mar. 2024 was 10.84%.


East Side Games Group Asset Turnover Historical Data

The historical data trend for East Side Games Group's Asset Turnover 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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East Side Games Group Asset Turnover Chart

East Side Games Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
- 3.72 1.58 1.39 1.17

East Side Games Group Quarterly Data
Mar19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.28 0.28 0.29 0.30

Competitive Comparison of East Side Games Group's Asset Turnover

For the Electronic Gaming & Multimedia subindustry, East Side Games Group's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


East Side Games Group's Asset Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, East Side Games Group's Asset Turnover distribution charts can be found below:

* The bar in red indicates where East Side Games Group's Asset Turnover falls into.



East Side Games Group Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

East Side Games Group's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=64.832/( (59.071+51.771)/ 2 )
=64.832/55.421
=1.17

East Side Games Group's Asset Turnover for the quarter that ended in Mar. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=15.389/( (51.771+51.443)/ 2 )
=15.389/51.607
=0.30

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


East Side Games Group  (OTCPK:EAGRF) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

East Side Games Group's annulized ROE % for the quarter that ended in Mar. 2024 is

ROE %**(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=5.592/36.972
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(5.592 / 61.556)*(61.556 / 51.607)*(51.607/ 36.972)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.08 %*1.1928*1.3958
=ROA %*Equity Multiplier
=10.84 %*1.3958
=15.12 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

East Side Games Group's annulized ROA % for the quarter that ended in Mar. 2024 is

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=5.592/51.607
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5.592 / 61.556)*(61.556 / 51.607)
=Net Margin %*Asset Turnover
=9.08 %*1.1928
=10.84 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* 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.


Be Aware

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.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


East Side Games Group Asset Turnover Related Terms

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East Side Games Group (East Side Games Group) Business Description

Traded in Other Exchanges
Address
#3104 - 1055 Dunsmuir Street, Four Bentall Centre, Vancouver, BC, CAN, V7X 1G4
East Side Games Group Inc is a free-to-play mobile game group, that creates engaging games that produce enduring player loyalty. Its studio group entrepreneurial culture is anchored in creativity, execution, and growth through a diverse portfolio of original and licensed IP mobile games that include Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm, The Goldbergs: Back to the 80s, It's Always Sunny: The Gang Goes Mobile; Trailer Park Boys Greasy Money, and many more. It generates revenue through in-app purchases (IAP) from the sale of in-game virtual items that enhance the gameplaying experience, and through in-game advertising.