Golden Net Receivables vs Capital Stock Analysis

GMGI Stock

USD 3.94 0.16 4.23%

Golden Matrix financial indicator trend analysis is much more than just examining Golden Matrix Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Matrix Group is a good investment. Please check the relationship between Golden Matrix Net Receivables and its Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Matrix 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 price.

Net Receivables vs Capital Stock

Net Receivables vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Matrix Group Net Receivables account and Capital Stock. At this time, the significance of the direction appears to have pay attention.

The correlation between Golden Matrix's Net Receivables and Capital Stock is -0.9. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Golden Matrix Group, assuming nothing else is changed. The correlation between historical values of Golden Matrix's Net Receivables and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Golden Matrix Group are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Receivables i.e., Golden Matrix's Net Receivables and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.9

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Receivables

Capital Stock

The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.

Most indicators from Golden Matrix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Matrix 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 Golden Matrix 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 price.

As of now, Golden Matrix's Enterprise Value is increasing as compared to previous years.

	2022	2023	2024 (projected)
Tax Provision	683.3K	785.8K	606.3K
Interest Income	57.0K	65.6K	68.8K

Tax Provision Interest Income

Golden Matrix fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Short Term Debt	Accounts Payable	Other Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Current Deferred Revenue	Net Tangible Assets	Net Receivables	Inventory	Short Long Term Debt	Property Plant Equipment
Total Assets		0.5	0.48	0.99	-0.92	-0.28	0.97	0.97	0.72	0.51	0.47	0.98	-0.28	-0.45	-0.39	-0.48	0.96	0.06	0.26	0.96	0.08	0.95	0.98	0.75	-0.66	0.71
Other Current Liab	0.5		0.82	0.43	-0.37	-0.53	0.43	0.43	0.12	0.43	0.81	0.48	-0.25	0.02	-0.32	0.01	0.53	-0.28	0.46	0.54	0.3	0.37	0.43	0.57	0.07	0.0
Total Current Liabilities	0.48	0.82		0.39	-0.26	-0.61	0.38	0.38	0.09	0.61	0.99	0.44	0.15	0.43	0.1	0.41	0.54	-0.22	0.39	0.55	0.6	0.3	0.44	0.57	0.08	0.07
Total Stockholder Equity	0.99	0.43	0.39		-0.95	-0.24	0.98	0.98	0.76	0.45	0.38	0.97	-0.31	-0.52	-0.42	-0.55	0.93	0.11	0.25	0.94	0.01	0.96	0.98	0.7	-0.7	0.75
Net Debt	-0.92	-0.37	-0.26	-0.95		0.3	-0.98	-0.98	-0.8	-0.22	-0.22	-0.91	0.38	0.6	0.47	0.62	-0.78	-0.31	-0.37	-0.79	0.09	-0.93	-0.93	-0.49	0.73	-0.8
Retained Earnings	-0.28	-0.53	-0.61	-0.24	0.3		-0.32	-0.32	-0.13	-0.26	-0.57	-0.28	0.17	-0.18	0.05	-0.17	-0.17	-0.31	-0.82	-0.19	-0.67	-0.25	-0.34	-0.04	-0.11	-0.2
Cash	0.97	0.43	0.38	0.98	-0.98	-0.32		1.0	0.79	0.35	0.35	0.95	-0.31	-0.51	-0.41	-0.54	0.85	0.26	0.35	0.86	0.0	0.95	0.97	0.58	-0.71	0.8
Cash And Short Term Investments	0.97	0.43	0.38	0.98	-0.98	-0.32	1.0		0.79	0.35	0.35	0.95	-0.31	-0.51	-0.41	-0.54	0.85	0.26	0.35	0.86	0.0	0.95	0.97	0.58	-0.71	0.8
Common Stock Shares Outstanding	0.72	0.12	0.09	0.76	-0.8	-0.13	0.79	0.79		0.15	0.06	0.72	-0.46	-0.54	-0.52	-0.57	0.57	0.53	0.45	0.58	0.03	0.76	0.8	0.23	-0.51	0.82
Other Stockholder Equity	0.51	0.43	0.61	0.45	-0.22	-0.26	0.35	0.35	0.15		0.64	0.46	-0.13	0.02	-0.14	0.0	0.64	-0.33	0.13	0.64	0.46	0.36	0.51	0.69	-0.01	0.11
Total Liab	0.47	0.81	0.99	0.38	-0.22	-0.57	0.35	0.35	0.06	0.64		0.46	0.15	0.44	0.1	0.42	0.55	-0.27	0.35	0.56	0.62	0.32	0.43	0.61	0.1	0.05
Total Current Assets	0.98	0.48	0.44	0.97	-0.91	-0.28	0.95	0.95	0.72	0.46	0.46		-0.29	-0.45	-0.39	-0.47	0.93	0.09	0.28	0.93	0.09	0.99	0.96	0.71	-0.64	0.71
Common Stock	-0.28	-0.25	0.15	-0.31	0.38	0.17	-0.31	-0.31	-0.46	-0.13	0.15	-0.29		0.75	0.94	0.76	-0.23	-0.17	-0.49	-0.23	0.1	-0.32	-0.32	-0.08	-0.1	-0.22
Short Long Term Debt Total	-0.45	0.02	0.43	-0.52	0.6	-0.18	-0.51	-0.51	-0.54	0.02	0.44	-0.45	0.75		0.75	1.0	-0.37	-0.12	-0.08	-0.36	0.48	-0.53	-0.45	-0.2	0.5	-0.4
Non Current Liabilities Total	-0.39	-0.32	0.1	-0.42	0.47	0.05	-0.41	-0.41	-0.52	-0.14	0.1	-0.39	0.94	0.75		0.77	-0.34	-0.2	-0.36	-0.33	0.24	-0.42	-0.42	-0.15	-0.03	-0.37
Short Term Debt	-0.48	0.01	0.41	-0.55	0.62	-0.17	-0.54	-0.54	-0.57	0.0	0.42	-0.47	0.76	1.0	0.77		-0.4	-0.14	-0.1	-0.39	0.45	-0.55	-0.49	-0.22	0.5	-0.43
Accounts Payable	0.96	0.53	0.54	0.93	-0.78	-0.17	0.85	0.85	0.57	0.64	0.55	0.93	-0.23	-0.37	-0.34	-0.4		-0.2	0.11	1.0	0.11	0.87	0.9	0.9	-0.55	0.54
Other Current Assets	0.06	-0.28	-0.22	0.11	-0.31	-0.31	0.26	0.26	0.53	-0.33	-0.27	0.09	-0.17	-0.12	-0.2	-0.14	-0.2		0.48	-0.19	0.01	0.19	0.24	-0.6	-0.12	0.69
Property Plant And Equipment Net	0.26	0.46	0.39	0.25	-0.37	-0.82	0.35	0.35	0.45	0.13	0.35	0.28	-0.49	-0.08	-0.36	-0.1	0.11	0.48		0.13	0.54	0.27	0.36	-0.1	0.15	0.27
Non Current Assets Total	0.96	0.54	0.55	0.94	-0.79	-0.19	0.86	0.86	0.58	0.64	0.56	0.93	-0.23	-0.36	-0.33	-0.39	1.0	-0.19	0.13		0.13	0.87	0.9	0.89	-0.56	0.54
Current Deferred Revenue	0.08	0.3	0.6	0.01	0.09	-0.67	0.0	0.0	0.03	0.46	0.62	0.09	0.1	0.48	0.24	0.45	0.11	0.01	0.54	0.13		0.01	0.13	0.14	0.3	-0.07
Net Tangible Assets	0.95	0.37	0.3	0.96	-0.93	-0.25	0.95	0.95	0.76	0.36	0.32	0.99	-0.32	-0.53	-0.42	-0.55	0.87	0.19	0.27	0.87	0.01		0.94	0.62	-0.69	0.77
Net Receivables	0.98	0.43	0.44	0.98	-0.93	-0.34	0.97	0.97	0.8	0.51	0.43	0.96	-0.32	-0.45	-0.42	-0.49	0.9	0.24	0.36	0.9	0.13	0.94		0.62	-0.63	0.81
Inventory	0.75	0.57	0.57	0.7	-0.49	-0.04	0.58	0.58	0.23	0.69	0.61	0.71	-0.08	-0.2	-0.15	-0.22	0.9	-0.6	-0.1	0.89	0.14	0.62	0.62		-0.39	0.12
Short Long Term Debt	-0.66	0.07	0.08	-0.7	0.73	-0.11	-0.71	-0.71	-0.51	-0.01	0.1	-0.64	-0.1	0.5	-0.03	0.5	-0.55	-0.12	0.15	-0.56	0.3	-0.69	-0.63	-0.39		-0.58
Property Plant Equipment	0.71	0.0	0.07	0.75	-0.8	-0.2	0.8	0.8	0.82	0.11	0.05	0.71	-0.22	-0.4	-0.37	-0.43	0.54	0.69	0.27	0.54	-0.07	0.77	0.81	0.12	-0.58

Click cells to compare fundamentals

Golden Matrix Account Relationship Matchups

Golden Matrix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	819.9K	3.0M	13.8M	32.6M	37.5M	39.3M
Other Current Liab	290K	324.0K	1.2M	943.2K	1.1M	1.1M
Total Current Liabilities	1.8M	1.2M	552.6K	2.7M	3.1M	3.3M
Total Stockholder Equity	(1.3M)	1.0M	13.3M	26.8M	30.8M	32.4M
Net Debt	100.4K	(367.5K)	(11.7M)	(14.8M)	(13.3M)	(12.6M)
Retained Earnings	(26.4M)	(25.5M)	(25.1M)	(24.7M)	(22.2M)	(23.3M)
Cash	446.6K	1.7M	11.7M	14.9M	17.2M	18.1M
Cash And Short Term Investments	446.6K	1.7M	11.7M	14.9M	17.2M	18.1M
Liabilities And Stockholders Equity	819.9K	3.0M	13.8M	32.6M	37.5M	39.3M
Other Stockholder Equity	(683.0)	(19.0M)	(205.7K)	51.7M	59.4M	62.4M
Total Liab	2.2M	2.0M	552.6K	2.8M	3.2M	3.4M
Total Current Assets	3.0M	3.7M	13.8M	19.3M	22.2M	23.3M
Common Stock	28.5K	190.0	227.0	282.0	253.8	241.11
Short Long Term Debt Total	546.9K	1.4M	99.0	154.9K	178.1K	169.2K
Non Current Liabilities Total	561.3K	145K	182.0K	59.8K	53.8K	51.1K
Short Term Debt	546.9K	1.2M	99.0	95.1K	109.3K	103.9K
Accounts Payable	41.1K	25.6K	78.9K	1.4M	1.6M	1.7M
Current Deferred Revenue	532.6K	552.1K	149.6K	291.8K	335.5K	379.8K
Net Tangible Assets	1.0M	2.5M	13.3M	13.7M	15.8M	16.6M
Net Receivables	1.9M	1.7M	2.6M	3.1M	3.5M	3.7M

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 Golden Matrix 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, Golden Matrix's short interest history, or implied volatility extrapolated from Golden Matrix options trading.

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When determining whether Golden Matrix Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Golden Matrix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Golden Matrix Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Golden Matrix Group Stock:

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Is Golden Stock a good investment?

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What is Golden Matrix's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Matrix 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 price.

Note that the Golden Matrix Group information on this page should be used as a complementary analysis to other Golden Matrix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Golden Matrix's price analysis, check to measure Golden Matrix'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 Golden Matrix is operating at the current time. Most of Golden Matrix's value examination focuses on studying past and present price action to predict the probability of Golden Matrix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Matrix's price. Additionally, you may evaluate how the addition of Golden Matrix to your portfolios can decrease your overall portfolio volatility.

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Is Golden Matrix'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 Golden Matrix. If investors know Golden 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 Golden Matrix 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

Earnings Share

(0.02)

Revenue Per Share

1.251

Quarterly Revenue Growth

0.099

Return On Assets

0.0014

The market value of Golden Matrix Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Matrix's value that differs from its market value or its book value, called intrinsic value, which is Golden Matrix'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 Golden Matrix's market value can be influenced by many factors that don't directly affect Golden Matrix'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 Golden Matrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Matrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Matrix'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.

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Golden Net Receivables vs Capital Stock Analysis

Net Receivables vs Capital Stock

Net Receivables vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Receivables

Capital Stock

Golden Matrix fundamental ratios Correlations

Golden Matrix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Golden Matrix fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Golden Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Short Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Accounts Payable
Total Stockholder Equity	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Current Assets

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Net Debt	- 0.95	Total Stockholder Equity
Net Receivables	- 0.93	Net Debt
Net Tangible Assets	- 0.93	Net Debt
Net Debt	- 0.92	Total Assets