GAN's Total Assets for the quarter that ended in Mar. 2024 was $81.4 Mil.
Warning Sign:
If a company builds assets at 40.6% a year, faster than its revenue growth rate of 36% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, GAN's average Total Assets Growth Rate was -19.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 33.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 40.60% per year.
During the past 6 years, GAN's highest 3-Year average Total Assets Growth Rate was 141.90%. The lowest was 33.40%. And the median was 53.20%.
Total Assets is connected with ROA %. GAN's annualizedROA % for the quarter that ended in Mar. 2024 was -19.70%. Total Assets is also linked to Revenue through Asset Turnover. GAN's Asset Turnover for the quarter that ended in Mar. 2024 was 0.36.
GAN Total Assets Historical Data
The historical data trend for GAN's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
GAN's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
GAN's Asset Turnover for the quarter that ended in Mar. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
GAN Total Assets Related Terms
Thank you for viewing the detailed overview of GAN's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
GAN Ltd provides Software-as-a-Service solutions for online casino gaming and sports betting applications. The company has two operating segments B2B and B2C. The B2B segment develops, markets, and sells instances of GameSTACK, GAN Sports, and iSight Back Office technology that incorporates comprehensive player registration, account funding, and back-office accounting and management tools that enable the casino operators to efficiently, confidently, and effectively extend their presence online in places that have permitted online real money gaming, and The B2C segment, which includes the operations of Coolbet, develops and operates a B2C online sports betting and casino platform that is accessible through its website in markets across Northern Europe, Latin America, and Canada.
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