Golden Matrix Group (FRA:SE0C) Total Assets : €34.06 Mil (As of Jan. 2024)

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What is Golden Matrix Group Total Assets?

Golden Matrix Group's Total Assets for the quarter that ended in Jan. 2024 was €34.06 Mil.

Warning Sign:

If a company builds assets at 217.9% a year, faster than its revenue growth rate of 147.8% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Golden Matrix Group's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was 143.90% per year. During the past 5 years, the average Total Assets Growth Rate was 217.90% per year. During the past 10 years, the average Total Assets Growth Rate was 78.30% per year.

During the past 13 years, Golden Matrix Group's highest 3-Year average Total Assets Growth Rate was 447.40%. The lowest was -51.40%. And the median was 95.80%.

Total Assets is connected with ROA %. Golden Matrix Group's annualized ROA % for the quarter that ended in Jan. 2024 was 0.81%. Total Assets is also linked to Revenue through Asset Turnover. Golden Matrix Group's Asset Turnover for the quarter that ended in Jan. 2024 was 0.32.

Golden Matrix Group Total Assets Historical Data

The historical data trend for Golden Matrix Group's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Golden Matrix Group Total Assets Chart

Golden Matrix Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jan21

Oct22

Oct23

Total Assets

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0.70

2.68

11.34

33.06

33.70

Golden Matrix Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial															31.91	31.74	31.63	33.70	34.06

Golden Matrix Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Golden Matrix Group's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	29.455	+	4.242
	=	33.70

Golden Matrix Group's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	29.511	+	4.544
	=	34.06

Golden Matrix Group (FRA:SE0C) Total Assets Explanation

Total Assets is connected with ROA %.

Golden Matrix Group's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	0.276	/	( (33.697	+	34.055)	/ 2 )
	=	0.276	/	33.876
	=	0.81 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Golden Matrix Group's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	10.873	/	( (33.697	+	34.055)	/ 2 )
=	10.873	/	33.876
=	0.32

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Golden Matrix Group Total Assets Related Terms

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Golden Matrix Group (FRA:SE0C) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Golden Matrix Group Inc (FRA:SE0C) » Definitions » Total Assets

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GMGI:USA

Address

3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103

Website

https://www.goldenmatrix.com

Golden Matrix Group Inc is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located in the Asia Pacific region. The company operates in two reportable segments; B2B and B2C. The B2C segment earns majority revenue. The company operates in UK, Asia Pacific and Latin America. It offers configurable and scalable iGaming platforms and operate some of the industry's iconic brands, including MexPlay, R Kings Competitions and GM-AG.

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