GAME HOURS Inc.
GAME HOURS Inc. develops and publishes mobile gaming products. The company was formerly known as WeGames Corporation and changed its name to GAME HOURS Inc. in December 2020. GAME HOURS Inc. was incorporated in 2013 and is based in Taipei, Taiwan.
GAME HOURS Inc. (6626) - Total Assets
Latest total assets as of December 2023: NT$244.58 Million TWD
Based on the latest financial reports, GAME HOURS Inc. (6626) holds total assets worth NT$244.58 Million TWD as of December 2023.
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.
GAME HOURS Inc. - Total Assets Trend (2019–2023)
This chart illustrates how GAME HOURS Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
GAME HOURS Inc. - Asset Composition Analysis
Current Asset Composition (December 2023)
GAME HOURS Inc.'s total assets of NT$244.58 Million consist of 81.5% current assets and 18.5% non-current assets.
| Asset Category | Amount (TWD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | NT$0.00 | 41.8% |
| Accounts Receivable | NT$19.73 Million | 8.1% |
| Inventory | NT$-2.76 Million | -1.1% |
| Property, Plant & Equipment | NT$0.00 | 0.0% |
| Intangible Assets | NT$19.53 Million | 8.0% |
| Goodwill | NT$0.00 | 0.0% |
Asset Composition Trend (2019–2023)
This chart illustrates how GAME HOURS 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: GAME HOURS Inc.'s current assets represent 81.5% of total assets in 2023, an increase from 0.2% in 2019.
- Cash Position: Cash and equivalents constituted 41.8% of total assets in 2023, up from 24.0% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, a decrease from 19.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 8.1% of total assets.
GAME HOURS Inc. Competitors by Total Assets
Key competitors of GAME HOURS 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 |
GAME HOURS 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
Strong asset utilization - GAME HOURS Inc. generates 1.48x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - GAME HOURS Inc. is currently not profitable relative to its asset base.
GAME HOURS 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 | 1.50 | 1.57 | 1.83 |
| Quick Ratio | 1.52 | 1.58 | 1.83 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | NT$66.77 Million | NT$ 144.15 Million | NT$ 199.82 Million |
GAME HOURS Inc. - Advanced Valuation Insights
This section examines the relationship between GAME HOURS 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 | 4.98 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -43.7% |
| Total Assets | NT$244.58 Million |
| Market Capitalization | $204.64K USD |
Valuation Analysis
Below Book Valuation: The market values GAME HOURS Inc.'s assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: GAME HOURS Inc.'s assets decreased by 43.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for GAME HOURS Inc. (2019–2023)
The table below shows the annual total assets of GAME HOURS Inc. from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | NT$244.58 Million | -43.74% |
| 2022-12-31 | NT$434.70 Million | -22.61% |
| 2021-12-31 | NT$561.71 Million | -16.79% |
| 2020-12-31 | NT$675.08 Million | -23.56% |
| 2019-12-31 | NT$883.14 Million | -- |