BetMakers Technology Group (BetMakers Technology Group) Total Assets : $122.78 Mil (As of Dec. 2023)

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What is BetMakers Technology Group Total Assets?

BetMakers Technology Group's Total Assets for the quarter that ended in Dec. 2023 was $122.78 Mil.

Warning Sign:

If a company builds assets at 66% a year, faster than its revenue growth rate of 20% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, BetMakers Technology Group's average Total Assets Growth Rate was -11.30% per year. During the past 3 years, the average Total Assets Growth Rate was 72.30% per year. During the past 5 years, the average Total Assets Growth Rate was 66.00% per year.

During the past 8 years, BetMakers Technology Group's highest 3-Year average Total Assets Growth Rate was 96.50%. The lowest was 37.70%. And the median was 65.00%.

Total Assets is connected with ROA %. BetMakers Technology Group's annualized ROA % for the quarter that ended in Dec. 2023 was -14.07%. Total Assets is also linked to Revenue through Asset Turnover. BetMakers Technology Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.27.

BetMakers Technology Group Total Assets Historical Data

The historical data trend for BetMakers Technology 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.

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BetMakers Technology Group Total Assets Chart

BetMakers Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

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21.25

43.20

176.07

156.75

133.92

BetMakers Technology Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial												164.69	156.75	152.98	133.92	122.78

BetMakers Technology 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.

BetMakers Technology Group's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (A: Jun. 2023 )	+	Total Liabilities (A: Jun. 2023 )
	=	101.071	+	32.852
	=	133.92

BetMakers Technology Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	92.586	+	30.195
	=	122.78

BetMakers Technology Group (OTCPK:TPBTF) Total Assets Explanation

Total Assets is connected with ROA %.

BetMakers Technology Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-18.062	/	( (133.923	+	122.782)	/ 2 )
	=	-18.062	/	128.3525
	=	-14.07 %

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

BetMakers Technology Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	34.379	/	( (133.923	+	122.782)	/ 2 )
=	34.379	/	128.3525
=	0.27

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.

BetMakers Technology Group Total Assets Related Terms

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BetMakers Technology Group (BetMakers Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BetMakers Technology Group Ltd (OTCPK:TPBTF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

BET:Australia

Address

189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000

Website

http://www.thebetmakers.com

BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in three segments: Global racing network, Global betting services, and Global Tote. The Global racing network segment assists racing bodies and rights holders in producing and distributing race content including services such as barrier technology, official price calculation, vision, and pricing distribution. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and results.

BetMakers Technology Group (BetMakers Technology Group) Headlines

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