DraftKings's Total Assets for the quarter that ended in Dec. 2024 was $4,284 Mil.
Warning Sign:
If a company builds assets at 53.3% a year, faster than its revenue growth rate of 46% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, DraftKings's average Total Assets Growth Rate was 30.70% per year.
During the past 3 years, the average Total Assets Growth Rate was 22.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 53.30% per year.
During the past 8 years, DraftKings's highest 3-Year average Total Assets Growth Rate was 120.70%. The lowest was 18.10%. And the median was 70.80%.
Total Assets is connected with ROA %. DraftKings's annualizedROA % for the quarter that ended in Dec. 2024 was -12.61%. Total Assets is also linked to Revenue through Asset Turnover. DraftKings's Asset Turnover for the quarter that ended in Dec. 2024 was 0.33.
DraftKings Total Assets Historical Data
The historical data trend for DraftKings'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.
DraftKings's Total Assets for the fiscal year that ended in Dec. 2024 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 (Dec. 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.
DraftKings's Asset Turnover for the quarter that ended in Dec. 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.
DraftKings Total Assets Related Terms
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DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in about 25 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
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