Codere Online Luxembourg (Codere Online Luxembourg) Total Assets : $70.5 Mil (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Codere Online Luxembourg Total Assets?

Codere Online Luxembourg's Total Assets for the quarter that ended in Jun. 2023 was $70.5 Mil.

During the past 12 months, Codere Online Luxembourg's average Total Assets Growth Rate was 30.30% per year. During the past 3 years, the average Total Assets Growth Rate was -36.10% per year.

During the past 5 years, Codere Online Luxembourg's highest 3-Year average Total Assets Growth Rate was -36.10%. The lowest was -40.70%. And the median was -38.40%.

Total Assets is connected with ROA %. Codere Online Luxembourg's annualized ROA % for the quarter that ended in Jun. 2023 was -0.92%. Total Assets is also linked to Revenue through Asset Turnover. Codere Online Luxembourg's Asset Turnover for the quarter that ended in Jun. 2023 was 1.12.

Codere Online Luxembourg Total Assets Historical Data

The historical data trend for Codere Online Luxembourg'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.

* Premium members only.

Codere Online Luxembourg Total Assets Chart

Codere Online Luxembourg Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

41.04

49.14

22.56

118.96

73.42

Codere Online Luxembourg Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Assets	Get a 7-Day Free Trial			14.44	118.96	102.59	73.42	70.52

Codere Online Luxembourg Total Assets Calculation

Total Assets are all the assets a company owns.

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.

Codere Online Luxembourg's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	26.003	+	47.416
	=	73.4

Codere Online Luxembourg's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	23.451	+	47.069
	=	70.5

Codere Online Luxembourg (NAS:CDRO) Total Assets Explanation

Total Assets is connected with ROA %.

Codere Online Luxembourg's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-0.66	/	( (73.419	+	70.52)	/ 2 )
	=	-0.66	/	71.9695
	=	-0.92 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) 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.

Codere Online Luxembourg's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	80.861	/	( (73.419	+	70.52)	/ 2 )
=	80.861	/	71.9695
=	1.12

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.

Codere Online Luxembourg Total Assets Related Terms

Thank you for viewing the detailed overview of Codere Online Luxembourg's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Codere Online Luxembourg (Codere Online Luxembourg) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere Online Luxembourg SA (NAS:CDRO) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CDRO:Mexico

Address

7 rue Robert Stumper, Luxembourg, LUX, L-2557

Website

http://www.codereonline.com

Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

Codere Online Luxembourg (Codere Online Luxembourg) Headlines

From GuruFocus

Codere Online Begins Operations in the City of Buenos Aires

By GlobeNewswire GlobeNewswire • 12-09-2021

Codere Online Begins Operations in the City of Buenos Aires

By GuruFocusNews GuruFocusNews • 12-09-2021