Golden Retained Earnings vs Cash And Short Term Investments Analysis

GMGI Stock

USD 2.33 0.09 4.02%

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 Retained Earnings and its Cash And Short Term Investments 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 closely tied with the direction of predictive economic indicators such as signals in price.

Retained Earnings vs Cash And Short Term Investments

Retained Earnings vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Matrix Group Retained Earnings account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Golden Matrix's Retained Earnings and Cash And Short Term Investments is 0.68. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Short Term Investments 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 Retained Earnings and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Golden Matrix Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Retained Earnings i.e., Golden Matrix's Retained Earnings and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Golden Matrix Group balance sheet. This account contains Golden Matrix investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Golden Matrix Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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 closely tied 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.

	2023	2024 (projected)
Tax Provision	615.0K	546.6K
Interest Income	65.6K	34.0K

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		0.67	0.92	1.0	-0.9	0.68	0.97	0.95	0.82	0.97	0.71	0.97	0.87	-0.47	-0.41	-0.5	0.95	0.14	-0.04	0.94	-0.09	0.96	0.97	0.78	-0.67	0.73
Other Current Liab	0.67		0.63	0.64	-0.51	0.41	0.53	0.52	0.45	0.64	0.5	0.58	0.64	-0.28	-0.26	-0.28	0.59	-0.26	-0.16	0.81	0.1	0.59	0.56	0.73	-0.39	0.38
Total Current Liabilities	0.92	0.63		0.9	-0.66	0.61	0.81	0.76	0.72	0.88	0.81	0.9	0.69	-0.37	-0.34	-0.38	0.98	-0.13	-0.24	0.95	0.0	0.85	0.94	0.92	-0.52	0.56
Total Stockholder Equity	1.0	0.64	0.9		-0.92	0.68	0.98	0.96	0.84	0.96	0.66	0.96	0.86	-0.52	-0.44	-0.55	0.94	0.18	-0.05	0.92	-0.14	0.95	0.96	0.75	-0.7	0.76
Net Debt	-0.9	-0.51	-0.66	-0.92		-0.59	-0.97	-0.98	-0.8	-0.87	-0.43	-0.86	-0.89	0.58	0.48	0.61	-0.76	-0.42	-0.14	-0.73	0.24	-0.88	-0.81	-0.47	0.73	-0.78
Retained Earnings	0.68	0.41	0.61	0.68	-0.59		0.68	0.68	0.55	0.72	0.49	0.72	0.55	-0.3	-0.26	-0.32	0.66	0.12	0.02	0.61	-0.13	0.73	0.73	0.49	-0.44	0.48
Cash	0.97	0.53	0.81	0.98	-0.97	0.68		1.0	0.84	0.94	0.61	0.94	0.87	-0.5	-0.43	-0.53	0.88	0.33	0.07	0.83	-0.17	0.94	0.92	0.62	-0.71	0.79
Cash And Short Term Investments	0.95	0.52	0.76	0.96	-0.98	0.68	1.0		0.83	0.92	0.56	0.92	0.87	-0.51	-0.43	-0.54	0.84	0.37	0.11	0.8	-0.18	0.93	0.89	0.56	-0.72	0.79
Common Stock Shares Outstanding	0.82	0.45	0.72	0.84	-0.8	0.55	0.84	0.83		0.75	0.46	0.76	0.65	-0.53	-0.53	-0.56	0.75	0.43	0.14	0.71	-0.05	0.74	0.76	0.49	-0.53	0.82
Other Stockholder Equity	0.97	0.64	0.88	0.96	-0.87	0.72	0.94	0.92	0.75		0.71	1.0	0.93	-0.43	-0.38	-0.46	0.94	0.07	-0.06	0.91	-0.11	1.0	0.98	0.77	-0.63	0.64
Total Liab	0.71	0.5	0.81	0.66	-0.43	0.49	0.61	0.56	0.46	0.71		0.72	0.55	0.14	-0.09	0.12	0.8	-0.15	0.04	0.77	0.36	0.69	0.76	0.78	-0.16	0.31
Total Current Assets	0.97	0.58	0.9	0.96	-0.86	0.72	0.94	0.92	0.76	1.0	0.72		0.9	-0.43	-0.38	-0.46	0.96	0.09	-0.08	0.9	-0.12	0.99	0.99	0.77	-0.63	0.64
Common Stock	0.87	0.64	0.69	0.86	-0.89	0.55	0.87	0.87	0.65	0.93	0.55	0.9		-0.41	-0.36	-0.45	0.79	0.14	0.0	0.78	-0.13	0.93	0.84	0.6	-0.62	0.59
Short Long Term Debt Total	-0.47	-0.28	-0.37	-0.52	0.58	-0.3	-0.5	-0.51	-0.53	-0.43	0.14	-0.43	-0.41		0.76	1.0	-0.4	-0.09	0.07	-0.4	0.52	-0.43	-0.41	-0.28	0.49	-0.38
Non Current Liabilities Total	-0.41	-0.26	-0.34	-0.44	0.48	-0.26	-0.43	-0.43	-0.53	-0.38	-0.09	-0.38	-0.36	0.76		0.77	-0.36	-0.21	-0.23	-0.36	0.29	-0.38	-0.37	-0.22	-0.01	-0.38
Short Term Debt	-0.5	-0.28	-0.38	-0.55	0.61	-0.32	-0.53	-0.54	-0.56	-0.46	0.12	-0.46	-0.45	1.0	0.77		-0.42	-0.14	0.04	-0.41	0.51	-0.46	-0.44	-0.27	0.5	-0.42
Accounts Payable	0.95	0.59	0.98	0.94	-0.76	0.66	0.88	0.84	0.75	0.94	0.8	0.96	0.79	-0.4	-0.36	-0.42		-0.03	-0.19	0.94	-0.05	0.93	0.98	0.88	-0.57	0.6
Other Current Assets	0.14	-0.26	-0.13	0.18	-0.42	0.12	0.33	0.37	0.43	0.07	-0.15	0.09	0.14	-0.09	-0.21	-0.14	-0.03		0.53	-0.14	-0.02	0.11	0.04	-0.47	-0.14	0.67
Property Plant And Equipment Net	-0.04	-0.16	-0.24	-0.05	-0.14	0.02	0.07	0.11	0.14	-0.06	0.04	-0.08	0.0	0.07	-0.23	0.04	-0.19	0.53		-0.19	0.48	-0.04	-0.12	-0.37	0.32	0.06
Non Current Assets Total	0.94	0.81	0.95	0.92	-0.73	0.61	0.83	0.8	0.71	0.91	0.77	0.9	0.78	-0.4	-0.36	-0.41	0.94	-0.14	-0.19		0.01	0.88	0.92	0.92	-0.56	0.58
Current Deferred Revenue	-0.09	0.1	0.0	-0.14	0.24	-0.13	-0.17	-0.18	-0.05	-0.11	0.36	-0.12	-0.13	0.52	0.29	0.51	-0.05	-0.02	0.48	0.01		-0.13	-0.1	0.04	0.39	-0.15
Net Tangible Assets	0.96	0.59	0.85	0.95	-0.88	0.73	0.94	0.93	0.74	1.0	0.69	0.99	0.93	-0.43	-0.38	-0.46	0.93	0.11	-0.04	0.88	-0.13		0.97	0.74	-0.64	0.64
Net Receivables	0.97	0.56	0.94	0.96	-0.81	0.73	0.92	0.89	0.76	0.98	0.76	0.99	0.84	-0.41	-0.37	-0.44	0.98	0.04	-0.12	0.92	-0.1	0.97		0.82	-0.61	0.63
Inventory	0.78	0.73	0.92	0.75	-0.47	0.49	0.62	0.56	0.49	0.77	0.78	0.77	0.6	-0.28	-0.22	-0.27	0.88	-0.47	-0.37	0.92	0.04	0.74	0.82		-0.42	0.27
Short Long Term Debt	-0.67	-0.39	-0.52	-0.7	0.73	-0.44	-0.71	-0.72	-0.53	-0.63	-0.16	-0.63	-0.62	0.49	-0.01	0.5	-0.57	-0.14	0.32	-0.56	0.39	-0.64	-0.61	-0.42		-0.56
Property Plant Equipment	0.73	0.38	0.56	0.76	-0.78	0.48	0.79	0.79	0.82	0.64	0.31	0.64	0.59	-0.38	-0.38	-0.42	0.6	0.67	0.06	0.58	-0.15	0.64	0.63	0.27	-0.56

Click cells to compare fundamentals

Golden Matrix Account Relationship Matchups

Golden Matrix fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.8M	20.5M	32.6M	35.6M	40.9M	43.0M
Total Stockholder Equity	13.3M	18.9M	26.8M	31.1M	35.8M	37.6M
Net Debt	(367.5K)	(11.7M)	(16.5M)	(14.8M)	(13.3M)	(12.6M)
Cash	11.7M	16.8M	14.9M	17.1M	19.7M	20.6M
Cash And Short Term Investments	1.7M	11.7M	16.8M	14.9M	17.2M	18.1M
Common Stock Shares Outstanding	31.6M	27.2M	28.0M	36.2M	41.6M	43.7M
Liabilities And Stockholders Equity	3.0M	13.8M	20.5M	32.6M	37.5M	39.3M
Total Liab	552.6K	1.5M	2.8M	4.5M	5.2M	5.4M
Short Long Term Debt Total	1.4M	99.0	282.2K	154.9K	139.4K	132.4K
Short Term Debt	1.2M	99.0	100.2K	95.1K	85.6K	81.3K
Current Deferred Revenue	552.1K	149.6K	68.6K	291.8K	262.6K	248.6K
Net Invested Capital	2.4M	13.3M	18.9M	31.1M	35.8M	37.6M
Net Working Capital	1.2M	13.3M	18.7M	18.4M	21.1M	22.2M
Capital Stock	28.5K	227.0	272.0	362.0	325.8	309.51

Currently Active Assets on Macroaxis

OEF	iShares SP 100
GLD	SPDR Gold Shares
OIH	VanEck Oil Services
IBB	iShares Biotechnology ETF
IJH	iShares Core SP

Additional Information and Resources on Investing in Golden Stock

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:

How To Invest In Golden

Details

Is Golden Stock a good investment?

Details

What is Golden Matrix's Net Worth?

Details

Largest Movies & Entertainment Companies

View

Largest Electronic Gaming & Multimedia Companies

View

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 closely tied with the direction of predictive economic indicators such as signals in price.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Is Movies & Entertainment 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 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

(0.99)

Earnings Share

(0.02)

Revenue Per Share

1.251

Quarterly Revenue Growth

0.746

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Golden Retained Earnings vs Cash And Short Term Investments Analysis

Retained Earnings vs Cash And Short Term Investments

Retained Earnings vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Retained Earnings

Cash And Short Term Investments

Golden Matrix fundamental ratios Correlations

Golden Matrix Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Golden Matrix fundamental ratios Accounts

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Golden Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Other Stockholder Equity
Net Tangible Assets	+ 1.0	Other Stockholder Equity
Short Term Debt	+ 1.0	Short Long Term Debt Total
Net Tangible Assets	+ 0.99	Total Current Assets

Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.97	Net Debt
Net Debt	- 0.92	Total Stockholder Equity
Net Debt	- 0.9	Total Assets
Common Stock	- 0.89	Net Debt
Net Tangible Assets	- 0.88	Net Debt