Kings Entertainment Group (FRA:L12) Total Assets: €9.54 Mil (As of Sep. 2023)


What is Kings Entertainment Group Total Assets?

Kings Entertainment Group FRA:L12 Total Assets is €9.54 Mil as of Sep. 2023.

Kings Entertainment Group's Total Assets for the quarter that ended in Sep. 2023 was €9.54 Mil.

Total Assets is connected with ROA %. Kings Entertainment Group's annualized ROA % for the quarter that ended in Sep. 2023 was -31.57%. Total Assets is also linked to Revenue through Asset Turnover. Kings Entertainment Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.24.

Kings Entertainment Group  (FRA:L12) Total Assets Explanation

Total Assets is connected with ROA %.

Kings Entertainment Group's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-2.052/( (3.463+9.538)/ 2 )
=-2.052/6.5005
=-31.57 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Kings Entertainment Group's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=1.573/( (3.463+9.538)/ 2 )
=1.573/6.5005
=0.24

* 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.

Kings Entertainment Group Total Assets Related Terms

Kings Entertainment Group Total Assets Historical Data

* Premium members only.

The historical data trend for Kings Entertainment Group'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.

Kings Entertainment Group Total Assets Chart

Kings Entertainment Group Annual Data
Trend Dec20 Dec21 Dec22
Total Assets
1.32 8.31 4.04

Kings Entertainment Group Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.20 4.04 4.75 3.46 9.54

Kings Entertainment Group 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.

Kings Entertainment Group'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 )
=1.496+2.541
=4.04

Kings Entertainment Group's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=5.808+3.73
=9.54

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of €9.54 Mil mean?
Kings Entertainment Group (FRA:L12) has a Total Assets of €9.54 Mil as of Sep. 2023. The total amount of assets as recorded on a company's balance sheet. View historical data on Kings Entertainment Group and its competitors.
Is Kings Entertainment Group's Total Assets too high?
Kings Entertainment Group's current Total Assets is €9.54 Mil.
How does Kings Entertainment Group's Total Assets compare to DKNG and CHDN?
Kings Entertainment Group's Total Assets of €9.54 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Travel & Leisure company?
A good Total Assets depends on the Travel & Leisure industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Kings Entertainment Group and its competitors. Kings Entertainment Group's current Total Assets is €9.54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kings Entertainment Group stock overvalued right now?
Kings Entertainment Group (FRA:L12) has a current Total Assets of €9.54 Mil. The current Total Assets is €9.54 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Kings Entertainment Group (FRA:L12), the current Total Assets is €9.54 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Kings Entertainment Group Business Description

Address 1060 - 1055 West Georgia Street, Vancouver, BC, CAN, V6E 2E9
Kings Entertainment Group Inc is a business-to-consumer service provider that allows users to participate in lotteries and casino-style online games throughout the world. The company operates through multiple established brands and websites, which include www.wintrillions.com, www.trillionaire.com, and www.LottoKings.com. In addition to the lottery services, it offers a connected experience that enables users to play and switch with ease between scratch cards and casino games. The company has only one reportable segment, which is lottery procurement and online casino, and scratchcard. Geographically, it derives revenue from Mexico, Brazil, other Latin American countries, and other regions.