Good Gamer Entertainment Inc
Good Gamer Entertainment Inc. operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. It operates through Display Advertisements, Non-Fungible Tokens (NFTs); Search Monetization; Chrome Extensions; Corporate and Development; Tournament Management Platform (TMP); PlayCash; and Fantasy app segments. The company operates an online esports skills-bas… Read more
Good Gamer Entertainment Inc (GGAMF) - Net Assets
Latest net assets as of June 2024: $-473.31K USD
Based on the latest financial reports, Good Gamer Entertainment Inc (GGAMF) has net assets worth $-473.31K USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($383.93K) and total liabilities ($857.24K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-473.31K |
| % of Total Assets | -123.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 874.83 |
Good Gamer Entertainment Inc - Net Assets Trend (2021–2024)
This chart illustrates how Good Gamer Entertainment Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Good Gamer Entertainment Inc (2021–2024)
The table below shows the annual net assets of Good Gamer Entertainment Inc from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $-480.23K | -1891.36% |
| 2023-03-31 | $26.81K | -98.83% |
| 2022-03-31 | $2.30 Million | +21.80% |
| 2021-03-31 | $1.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Good Gamer Entertainment Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2096826200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $23.20 Million | % |
| Total Equity | $-480.23K | 100.00% |
Good Gamer Entertainment Inc Competitors by Market Cap
The table below lists competitors of Good Gamer Entertainment Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nine Mile Metals Ltd
PINK:VMSXF
|
$2.30 Million |
|
Immo-Zenobe Gramme SA
BR:ZEN
|
$2.31 Million |
|
ZW Data Action Technologies Inc
NASDAQ:CNET
|
$2.31 Million |
|
Whitebark Energy Ltd
AU:WBE
|
$2.31 Million |
|
Ottogi Corp.
KQ:007310
|
$2.30 Million |
|
Vinny Overseas Limited
NSE:VINNY
|
$2.30 Million |
|
Gold By Gold
PA:ALGLD
|
$2.30 Million |
|
Sarfati
TA:SRFT
|
$2.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Good Gamer Entertainment Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,554 to -480,227, a change of -508,781 (-1781.8%).
- Net loss of 550,454 reduced equity.
- Other factors increased equity by 41,673.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-550.45K | -114.62% |
| Other Changes | $41.67K | +8.68% |
| Total Change | $- | -1781.82% |
Book Value vs Market Value Analysis
This analysis compares Good Gamer Entertainment Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | $0.04 | $0.08 | x |
| 2022-03-31 | $0.05 | $0.08 | x |
| 2023-03-31 | $0.00 | $0.08 | x |
| 2024-03-31 | $-0.01 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Good Gamer Entertainment Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -215.41%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-1837.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -121.27% | -15813.01% | 0.01x | 1.37x | $-2.47 Million |
| 2022 | -769.88% | -1897133.05% | 0.00x | 1.24x | $-17.91 Million |
| 2023 | -6459.83% | -1328.09% | 0.23x | 20.92x | $-1.85 Million |
| 2024 | 0.00% | -215.41% | 0.79x | 0.00x | $-502.43K |
Industry Comparison
This section compares Good Gamer Entertainment Inc's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $3,313,913,293
- Average return on equity (ROE) among peers: -81.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Good Gamer Entertainment Inc (GGAMF) | $-473.31K | -121.27% | N/A | $2.30 Million |
| Alliance Media Holdings Inc (ADTR) | $3.34 Million | 5.56% | 2.25x | $1.00 |
| Alpha Esports Tech Inc (APETF) | $2.65 Million | -47.32% | 0.21x | $1.19K |
| Atlantis Internet Group Corp (ATIG) | $-2.11 Million | 0.00% | 0.00x | $1.96 |
| Kuuhubb Inc (BCDMF) | $448.25K | -290.46% | 0.57x | $333.35K |
| Blue Hat Interactive Entertainment (BHAT) | $6.95 Million | 37.02% | 0.79x | $1.57K |
| i3 Interactive Inc (BLITF) | $439.47K | -289.81% | 0.19x | $21.80K |
| Global Gaming Technologies Corp (BLKCF) | $3.39 Million | -79.50% | 0.30x | $12.22K |
| Capcom Co. Ltd (CCOEF) | $32.49 Billion | 11.15% | 2.27x | $8.38 Billion |
| Doubledown Interactive Co Ltd (DDI) | $626.23 Million | -37.36% | 0.26x | $7.07 Million |
| DarkIris Inc. Class A Ordinary Shares (DKI) | $6.78 Million | -127.41% | 0.25x | $2.82 Million |