MGO Global Inc. Common Stock
MGO Global, Inc. operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand. MGO Global, Inc. was founded in 2018 and is headquartered in F… Read more
MGO Global Inc. Common Stock (MGOL) - Total Assets
Latest total assets as of September 2024: $2.81 Million USD
Based on the latest financial reports, MGO Global Inc. Common Stock (MGOL) holds total assets worth $2.81 Million USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
MGO Global Inc. Common Stock - Total Assets Trend (2020–2023)
This chart illustrates how MGO Global Inc. Common Stock’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
MGO Global Inc. Common Stock - Asset Composition Analysis
Current Asset Composition (December 2023)
MGO Global Inc. Common Stock's total assets of $2.81 Million consist of 85.8% current assets and 14.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 41.7% |
| Accounts Receivable | $64.47K | 2.9% |
| Inventory | $724.55K | 32.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2023)
This chart illustrates how MGO Global Inc. Common Stock's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: MGO Global Inc. Common Stock's current assets represent 85.8% of total assets in 2023, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 41.7% of total assets in 2023, up from 34.8% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is inventory at 32.3% of total assets.
MGO Global Inc. Common Stock Competitors by Total Assets
Key competitors of MGO Global Inc. Common Stock based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Genimous Technology Co Ltd
SHE:000676
|
China | CN¥5.12 Billion |
|
PUC Bhd
KLSE:0007
|
Malaysia | RM188.26 Million |
|
Hunan TV & Broadcast Intermediary Co Ltd
SHE:000917
|
China | CN¥16.44 Billion |
|
Focus Media Information Technology Co Ltd
SHE:002027
|
China | CN¥23.79 Billion |
|
NanJi ECommerce Co Ltd
SHE:002127
|
China | CN¥4.84 Billion |
|
Leo Group Co Ltd
SHE:002131
|
China | CN¥21.89 Billion |
|
Foshan Saturday Shoes Co Ltd
SHE:002291
|
China | CN¥4.97 Billion |
|
Guangdong Advertising Co Ltd
SHE:002400
|
China | CN¥11.09 Billion |
MGO Global Inc. Common Stock - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - MGO Global Inc. Common Stock generates 2.39x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - MGO Global Inc. Common Stock is currently not profitable relative to its asset base.
MGO Global Inc. Common Stock - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 14.13 | 4.38 | 0.59 |
| Quick Ratio | 8.37 | 3.44 | 0.52 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.39 Million | $ 2.42 Million | $ -393.16K |
MGO Global Inc. Common Stock - Advanced Valuation Insights
This section examines the relationship between MGO Global Inc. Common Stock's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.14 |
| Latest Market Cap to Assets Ratio | 0.10 |
| Asset Growth Rate (YoY) | 408.4% |
| Total Assets | $2.24 Million |
| Market Capitalization | $231.72K USD |
Valuation Analysis
Below Book Valuation: The market values MGO Global Inc. Common Stock's assets below their book value (0.10 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: MGO Global Inc. Common Stock's assets grew by 408.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for MGO Global Inc. Common Stock (2020–2023)
The table below shows the annual total assets of MGO Global Inc. Common Stock from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $2.24 Million | +408.41% |
| 2022-12-31 | $440.97K | -22.68% |
| 2021-12-31 | $570.28K | +70.11% |
| 2020-12-31 | $335.24K | -- |