Golden Change In Working Capital from 2010 to 2024

GMGI Stock  USD 2.77  0.25  9.92%   
Golden Matrix's Change In Working Capital is increasing with very volatile movements from year to year. Change In Working Capital is estimated to finish at about 390.6 K this year. Change In Working Capital is the difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities. View All Fundamentals
 
Change In Working Capital  
First Reported
2008-10-31
Previous Quarter
662.1 K
Current Value
-987.8 K
Quarterly Volatility
354 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Golden Matrix financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Golden Matrix's main balance sheet or income statement drivers, such as Selling General Administrative of 12.6 M, Other Operating Expenses of 43.3 M or EBIT of 232.4 K, as well as many indicators such as Price To Sales Ratio of 3.19, Dividend Yield of 0.0 or PTB Ratio of 2.86. Golden financial statements analysis is a perfect complement when working with Golden Matrix Valuation or Volatility modules.
  
Check out the analysis of Golden Matrix Correlation against competitors.

Latest Golden Matrix's Change In Working Capital Growth Pattern

Below is the plot of the Change In Working Capital of Golden Matrix Group over the last few years. It is the difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities. Golden Matrix's Change In Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Golden Matrix's overall financial position and show how it may be relating to other accounts over time.
Change In Working Capital10 Years Trend
Very volatile
   Change In Working Capital   
       Timeline  

Golden Change In Working Capital Regression Statistics

Arithmetic Mean7,544
Coefficient Of Variation5,014
Mean Deviation287,730
Median4,871
Standard Deviation378,289
Sample Variance143.1B
Range1.4M
R-Value0.09
Mean Square Error152.9B
R-Squared0.01
Significance0.75
Slope7,537
Total Sum of Squares2T

Golden Change In Working Capital History

2024390.6 K
2023372 K
2022413.4 K
2020-235.2 K
2019-487.8 K
2018-866.6 K
2017-156.5 K

About Golden Matrix Financial Statements

Investors use fundamental indicators, such as Golden Matrix's Change In Working Capital, to determine how well the company is positioned to perform in the future. Although Golden Matrix's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Change In Working Capital372 K390.6 K

Currently Active Assets on Macroaxis

When determining whether Golden Matrix Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Golden Matrix's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Golden Matrix Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Golden Matrix Group Stock:
Check out the analysis of Golden Matrix Correlation against competitors.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Matrix. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Matrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(1.00)
Earnings Share
(0.02)
Revenue Per Share
2.391
Quarterly Revenue Growth
0.748
Return On Assets
0.0014
The market value of Golden Matrix Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Matrix's value that differs from its market value or its book value, called intrinsic value, which is Golden Matrix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Matrix's market value can be influenced by many factors that don't directly affect Golden Matrix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Matrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Matrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Matrix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.