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) - Total Assets
Latest total assets as of June 2024: $5.69 Million USD
Based on the latest financial reports, GameOn Entertainment Technologies Inc (GMETF) holds total assets worth $5.69 Million USD as of June 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.
GameOn Entertainment Technologies Inc - Total Assets Trend (2020–2023)
This chart illustrates how GameOn Entertainment Technologies Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
GameOn Entertainment Technologies Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
GameOn Entertainment Technologies Inc's total assets of $5.69 Million consist of 8.4% current assets and 91.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.7% |
| Accounts Receivable | $47.61K | 0.9% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.43 Million | 27.0% |
| Goodwill | $3.43 Million | 64.6% |
Asset Composition Trend (2020–2023)
This chart illustrates how GameOn Entertainment Technologies Inc'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: GameOn Entertainment Technologies Inc's current assets represent 8.4% of total assets in 2023, a decrease from 25.8% in 2020.
- Cash Position: Cash and equivalents constituted 6.7% of total assets in 2023, up from 1.8% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 91.0% of total assets, an increase from 58.0% in 2020.
- Asset Diversification: The largest asset category is goodwill at 64.6% of total assets.
GameOn Entertainment Technologies Inc Competitors by Total Assets
Key competitors of GameOn Entertainment Technologies Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Giant Network Group Co Ltd
SHE:002558
|
China | CN¥18.19 Billion |
|
YOUZU Interactive Co Ltd
SHE:002174
|
China | CN¥5.78 Billion |
|
Devsisters corporation
KQ:194480
|
Korea | ₩322.33 Billion |
|
Dalian Zeus Entertainment
SHE:002354
|
China | CN¥1.98 Billion |
|
Kaiser China Holding Co Ltd
SHE:002425
|
China | CN¥3.29 Billion |
|
Kingnet Network Co Ltd
SHE:002517
|
China | CN¥13.17 Billion |
|
37 Interactive Entertainment Network Technology Group Co Ltd
SHE:002555
|
China | CN¥21.34 Billion |
|
Zhejiang Century Huatong Group Co Ltd
SHE:002602
|
China | CN¥43.23 Billion |
GameOn Entertainment Technologies Inc - 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
Lower asset utilization - GameOn Entertainment Technologies Inc generates 0.28x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - GameOn Entertainment Technologies Inc is currently not profitable relative to its asset base.
GameOn Entertainment Technologies Inc - 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 | 0.32 | 0.39 | 2.81 |
| Quick Ratio | 0.32 | 0.39 | 2.81 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.95 Million | $ -1.38 Million | $ 4.41 Million |
GameOn Entertainment Technologies Inc - Advanced Valuation Insights
This section examines the relationship between GameOn Entertainment Technologies Inc'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 | 0.36 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | -4.4% |
| Total Assets | $5.31 Million |
| Market Capitalization | $570.15K USD |
Valuation Analysis
Below Book Valuation: The market values GameOn Entertainment Technologies Inc's assets below their book value (0.11 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: GameOn Entertainment Technologies Inc's assets decreased by 4.4% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for GameOn Entertainment Technologies Inc (2020–2023)
The table below shows the annual total assets of GameOn Entertainment Technologies Inc from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $5.31 Million | -4.44% |
| 2022-12-31 | $5.56 Million | -9.91% |
| 2021-12-31 | $6.17 Million | -16.26% |
| 2020-12-31 | $7.37 Million | -- |