Gambling Non Currrent Assets Other vs Total Current Assets Analysis
GAMB Stock | USD 13.26 0.34 2.63% |
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 Currrent Assets Other and its Total Current 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 closely tied with the direction of predictive economic indicators such as signals in population.
Non Currrent Assets Other vs Total Current Assets
Non Currrent Assets Other vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gambling Group Non Currrent Assets Other account and Total Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Gambling's Non Currrent Assets Other and Total Current Assets is 0.34. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current 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 Currrent Assets Other and Total Current 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 Currrent Assets Other of Gambling Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Currrent Assets Other i.e., Gambling's Non Currrent Assets Other and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.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 closely tied 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) | Gross Profit | 42.3M | 73.5M | 99.5M | 104.5M | Total Revenue | 42.3M | 76.5M | 108.7M | 114.1M |
Gambling fundamental ratios Correlations
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Gambling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gambling fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 35.1M | 45.4M | 91.0M | 138.9M | 154.9M | 85.2M | |
Short Long Term Debt Total | 20.6M | 7.9M | 7.6M | 2.1M | 1.7M | 1.6M | |
Other Current Liab | 1.1M | 1.7M | 2.2M | 27.0M | 28.1M | 29.5M | |
Total Current Liabilities | 2.4M | 3.7M | 9.8M | 31.7M | 32.7M | 34.4M | |
Total Stockholder Equity | 12.9M | 34.2M | 79.9M | 87.1M | 118.9M | 124.9M | |
Property Plant And Equipment Net | 2.5M | 2.3M | 2.0M | 2.5M | 2.4M | 1.9M | |
Net Debt | 13.6M | (290K) | (43.4M) | (27.6M) | (23.7M) | (22.5M) | |
Retained Earnings | (3.8M) | 11.3M | 23.8M | 26.4M | 44.7M | 46.9M | |
Accounts Payable | 503K | 521K | 1.0M | 1.2M | 1.9M | 1.0M | |
Cash | 7.0M | 8.2M | 51.0M | 29.7M | 25.4M | 20.1M | |
Non Current Assets Total | 25.8M | 31.7M | 34.5M | 96.9M | 107.5M | 55.4M | |
Non Currrent Assets Other | (25.8M) | (25.9M) | 7.0M | 29K | 87.2M | 91.6M | |
Cash And Short Term Investments | 7.0M | 8.2M | 51.0M | 29.7M | 25.4M | 20.1M | |
Net Receivables | 1.9M | 5.0M | 5.5M | 11.3M | 20.1M | 21.1M | |
Liabilities And Stockholders Equity | 35.1M | 45.4M | 91.0M | 138.9M | 154.9M | 85.2M | |
Non Current Liabilities Total | 19.9M | 7.5M | 1.3M | 20.1M | 3.2M | 3.0M | |
Other Stockholder Equity | 621K | 20.0M | 56.1M | (348K) | 4.3M | 4.1M | |
Total Liab | 22.2M | 11.2M | 11.1M | 51.8M | 35.9M | 29.8M | |
Total Current Assets | 9.4M | 13.7M | 56.5M | 42.0M | 47.4M | 29.8M | |
Accumulated Other Comprehensive Income | 16.1M | 22.5M | 53.7M | 56.6M | 70.0M | 37.6M | |
Short Term Investments | 144K | 66K | 121K | 263K | 157K | 160.4K | |
Other Current Assets | 484.0K | 460K | 1.2M | 954K | 1.8M | 962.1K | |
Short Term Debt | 762K | 436K | 6.3M | 1.1M | 533K | 506.4K | |
Intangible Assets | 23.3M | 23.6M | 25.4M | 77.7M | 87.2M | 49.2M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Gambling Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gambling'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 Gambling Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gambling Group Stock: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 closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Hotels, Restaurants & Leisure space 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 24.173 | Earnings Share 0.78 | Revenue Per Share 3.115 | Quarterly Revenue Growth 0.176 | Return On Assets 0.1183 |
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.