GGL (Games Global) Asset Turnover: 0.00 (As of Dec. 2023)

What is Games Global Asset Turnover?

Games Global GGL Asset Turnover is 0.00 as of Dec. 2023.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Games Global's Revenue for the three months ended in Dec. 2023 was $0.00 Mil. Games Global's Total Assets for the quarter that ended in Dec. 2023 was $455.50 Mil. Therefore, Games Global's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Asset Turnover is linked to ROE % through Du Pont Formula. Games Global's annualized ROE % for the quarter that ended in Dec. 2023 was 0.00%. It is also linked to ROA % through Du Pont Formula. Games Global's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%.

Games Global (NYSE:GGL) Asset Turnover Explanation

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

Games Global's annulized ROE % for the quarter that ended in Dec. 2023 is

	ROE %^**		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	0	/	320.3685
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(0 / 0)	*	(0 / 455.497)	*	(455.497/ 320.3685)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	%	*	0	*	1.4218
=	ROA %	*	Equity Multiplier
=	0.00 %	*	1.4218
=	0.00 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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:

Games Global's annulized ROA % for the quarter that ended in Dec. 2023 is

	ROA %		(Q: Dec. 2023 )
=	Net Income	/	Total Assets
=	0	/	455.497
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(0 / 0)	*	(0 / 455.497)
=	Net Margin %	*	Asset Turnover
=	%	*	0
=	0.00 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

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.

Games Global Asset Turnover Related Terms

Games Global Asset Turnover Historical Data

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The historical data trend for Games Global's Asset Turnover can be seen below:

Games Global Asset Turnover Chart

Games Global Annual Data

Trend

Mar21

Mar22

Mar23

Asset Turnover

0.00

1.66

1.18

Games Global Quarterly Data
	Mar22	Dec22	Mar23	Dec23
Asset Turnover	0.00	0.00	0.21	0.00

GGL vs : Asset Turnover Comparison

For the Electronic Gaming & Multimedia subindustry, Games Global'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.

Games Global Asset Turnover vs Interactive Media Industry

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

* The bar in red indicates where Games Global's Asset Turnover falls into.

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Games Global Asset Turnover Calculation

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

Games Global's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2023 )	/	( (Total Assets (A: Mar. 2022 )	+	Total Assets (A: Mar. 2023 ))	/ count )
=	329.307	/	( (121.349	+	437.773)	/ 2 )
=	329.307	/	279.561
=	1.18

Games Global's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (437.773	+	473.221)	/ 2 )
=	0	/	455.497
=	0.00

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.

Frequently Asked Questions Learn more about Asset Turnover →

What does a Asset Turnover of 0.00 mean?

Games Global (GGL) has a Asset Turnover of 0.00 as of Dec. 2023. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Games Global and its competitors.

Is Games Global's Asset Turnover too high?

Games Global's current Asset Turnover is 0.00.

How does Games Global's Asset Turnover compare to ?

Games Global's Asset Turnover of 0.00 can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Asset Turnover for an Interactive Media company?

A good Asset Turnover depends on the Interactive Media industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Asset Turnover mean?

A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on Games Global and its competitors. Games Global's current Asset Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Games Global stock overvalued right now?

Games Global (GGL) has a current Asset Turnover of 0.00. The current Asset Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Asset Turnover calculated?

Asset Turnover is calculated from a company's financial statements. For Games Global (GGL), the current Asset Turnover is 0.00 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Games Global Business Description

Industry Communication Services Interactive Media

Comparable Companies

Address 62 Circular Road, Douglas, IMN, IM1 1LA

Website https://www.gamesglobal.com

Games Global Ltd is a company that primarily works on developing, holding, and exploiting gaming-related intellectual property, as well as creating casino-style gaming content and business-to-business solutions for iGaming operators in regulated markets around the world, based on the size of its studio network.