Golden Total Revenue vs Net Income Analysis
| GMGI Stock | USD 1.98 0.06 3.13% |
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 Total Revenue and its Net Income 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.
Total Revenue vs Net Income
Total Revenue vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Matrix Group Total Revenue account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Golden Matrix's Total Revenue and Net Income is 0.42. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income 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 Total Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Golden Matrix Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Revenue i.e., Golden Matrix's Total Revenue and Net Income go up and down completely randomly.
Correlation Coefficient | 0.42 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Golden Matrix Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Golden Matrix Group financial statement analysis. It represents the amount of money remaining after all of Golden Matrix Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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 |
Golden Matrix fundamental ratios Correlations
Click cells to compare fundamentals
Golden Matrix Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | (11.7M) | (16.5M) | (14.8M) | (17.0M) | (15.3M) | (14.6M) | |
| Cash | 11.7M | 16.8M | 14.9M | 17.1M | 19.7M | 20.6M | |
| Cash And Short Term Investments | 11.7M | 16.8M | 14.9M | 17.1M | 19.7M | 20.6M | |
| Common Stock Shares Outstanding | 31.6M | 27.2M | 28.0M | 35.4M | 40.7M | 42.8M | |
| Liabilities And Stockholders Equity | 13.8M | 20.5M | 32.6M | 35.6M | 40.9M | 43.0M | |
| Total Liab | 552.6K | 1.5M | 2.8M | 4.5M | 5.2M | 5.4M | |
| Short Long Term Debt Total | 99.0 | 282.2K | 154.9K | 59.1K | 53.2K | 50.5K | |
| Short Term Debt | 99.0 | 100.2K | 95.1K | 59.1K | 53.2K | 50.5K | |
| Accumulated Other Comprehensive Income | (978.0) | (1.7K) | (205.7K) | (73.2K) | (65.8K) | (62.6K) | |
| Current Deferred Revenue | 149.6K | 68.6K | 291.8K | 456.7K | 525.2K | 359.6K | |
| 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 |
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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: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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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 (1.00) | Earnings Share (0.02) | Revenue Per Share 2.391 | Quarterly Revenue Growth 0.748 | 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.