GameOn Entertainment Technologies Inc
GameOn Entertainment Technologies Inc. operates as a next-generation fantasy sports technology company. It is involved in set-up and licensing, grants, software development, and sponsorship activities. The company was formerly known as V2 Games Inc. and changed its name to GameOn Entertainment Technologies Inc. in January 2021. GameOn Entertainment Technologies Inc. was incorporated in 2010 and i… Read more
GameOn Entertainment Technologies Inc (GMETF) - Net Assets
Latest net assets as of June 2024: $1.69 Million USD
Based on the latest financial reports, GameOn Entertainment Technologies Inc (GMETF) has net assets worth $1.69 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.69 Million) and total liabilities ($4.00 Million). 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 | $1.69 Million |
| % of Total Assets | 29.75% |
| Annual Growth Rate | -38.62% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 49.07 |
GameOn Entertainment Technologies Inc - Net Assets Trend (2020–2023)
This chart illustrates how GameOn Entertainment Technologies 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 GameOn Entertainment Technologies Inc (2020–2023)
The table below shows the annual net assets of GameOn Entertainment Technologies Inc from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $925.17K | -71.87% |
| 2022-12-31 | $3.29 Million | -42.73% |
| 2021-12-31 | $5.74 Million | +43.68% |
| 2020-12-31 | $4.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GameOn Entertainment Technologies 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 1647223700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $18.86 Million | 2038.88% |
| Total Equity | $925.17K | 100.00% |
GameOn Entertainment Technologies Inc Competitors by Market Cap
The table below lists competitors of GameOn Entertainment Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JOHN B SAN FILIPPO
BE:JO1
|
$570.86K |
|
Scout Gaming Group AB
ST:SCOUT
|
$570.90K |
|
Carespan Health Inc
V:CSPN
|
$571.18K |
|
CAMELEON SOFTWARE
F:AJ6
|
$572.19K |
|
Gresham House Income & Growth 2 VCT Ord
LSE:GHV2
|
$569.89K |
|
TOKYO SEIMITSU
BE:TYS
|
$569.80K |
|
EUROKAI VZ
MU:EUK3
|
$569.31K |
|
KULICKE & SOFFA IND
MU:KU1
|
$569.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GameOn Entertainment Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,289,240 to 925,175, a change of -2,364,065 (-71.9%).
- Net loss of 3,159,668 reduced equity.
- Other factors increased equity by 795,603.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.16 Million | -341.52% |
| Other Changes | $795.60K | +85.99% |
| Total Change | $- | -71.87% |
Book Value vs Market Value Analysis
This analysis compares GameOn Entertainment Technologies 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
- Current price-to-book ratio: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.17x to 0.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.06 | $0.01 | x |
| 2021-12-31 | $0.09 | $0.01 | x |
| 2022-12-31 | $0.05 | $0.01 | x |
| 2023-12-31 | $0.01 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GameOn Entertainment Technologies 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): -341.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -209.73%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 5.74x
- Recent ROE (-341.52%) is below the historical average (-163.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -24.54% | -37352.32% | 0.00x | 1.84x | $-1.38 Million |
| 2021 | -157.93% | -71625.47% | 0.00x | 1.07x | $-9.64 Million |
| 2022 | -128.96% | -1112.57% | 0.07x | 1.69x | $-4.57 Million |
| 2023 | -341.52% | -209.73% | 0.28x | 5.74x | $-3.25 Million |
Industry Comparison
This section compares GameOn Entertainment Technologies 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 |
|---|---|---|---|---|
| GameOn Entertainment Technologies Inc (GMETF) | $1.69 Million | -24.54% | 2.36x | $570.15K |
| 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 |