Gambling Non Current Assets Total vs Total Assets Analysis
| GAMB Stock | USD 9.04 0.12 1.35% |
Gambling financial indicator trend analysis is much more than just examining Gambling Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gambling Group is a good investment. Please check the relationship between Gambling Non Current Assets Total and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gambling Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Non Current Assets Total vs Total Assets
Non Current Assets Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gambling Group Non Current Assets Total account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Gambling's Non Current Assets Total and Total Assets is 0.96. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of Gambling Group, assuming nothing else is changed. The correlation between historical values of Gambling's Non Current Assets Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Gambling Group are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Assets Total i.e., Gambling's Non Current Assets Total and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.96 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Total Assets
Total assets refers to the total amount of Gambling assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Gambling Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Gambling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gambling Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gambling Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At present, Gambling's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 48.1 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.22.
| 2021 | 2022 | 2023 | 2024 (projected) | EBIT | 11.4M | 15.8M | 29.5M | 31.0M | Other Operating Expenses | 30.9M | 63.0M | 79.1M | 83.1M |
Gambling fundamental ratios Correlations
Click cells to compare fundamentals
Gambling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gambling fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 1.1M | 151K | 202K | 23.1M | 28.1M | 29.6M | |
| Total Current Liabilities | 2.4M | 3.7M | 9.8M | 31.7M | 32.7M | 34.4M | |
| Retained Earnings | (3.8M) | 11.3M | 23.8M | 26.4M | 44.7M | 46.9M | |
| Accounts Payable | 503K | 521K | 3.3M | 6.3M | 1.9M | 2.4M | |
| Net Receivables | 1.9M | 5.0M | 5.5M | 12.2M | 20.1M | 21.1M | |
| Other Stockholder Equity | 621K | 296K | 2.4M | 4.1M | (3.1M) | (3.0M) | |
| Total Current Assets | 9.4M | 13.7M | 56.5M | 42.0M | 47.4M | 32.2M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gambling in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gambling's short interest history, or implied volatility extrapolated from Gambling options trading.
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Complementary Tools for Gambling Stock analysis
When running Gambling's price analysis, check to measure Gambling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gambling is operating at the current time. Most of Gambling's value examination focuses on studying past and present price action to predict the probability of Gambling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gambling's price. Additionally, you may evaluate how the addition of Gambling to your portfolios can decrease your overall portfolio volatility.
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Is Gambling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gambling. If investors know Gambling will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gambling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.167 | Earnings Share 0.47 | Revenue Per Share 2.93 | Quarterly Revenue Growth 0.524 | Return On Assets 0.1266 |
The market value of Gambling Group is measured differently than its book value, which is the value of Gambling that is recorded on the company's balance sheet. Investors also form their own opinion of Gambling's value that differs from its market value or its book value, called intrinsic value, which is Gambling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gambling's market value can be influenced by many factors that don't directly affect Gambling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gambling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gambling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gambling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.