Betmakers Accounts Payable vs Cash And Short Term Investments Analysis

BET Stock

0.10 0.01 9.09%

Betmakers Technology financial indicator trend analysis is way more than just evaluating Betmakers Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Betmakers Technology is a good investment. Please check the relationship between Betmakers Technology Accounts Payable and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Betmakers Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Accounts Payable vs Cash And Short Term Investments

Accounts Payable vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Betmakers Technology Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Betmakers Technology's Accounts Payable and Cash And Short Term Investments is 0.81. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Betmakers Technology Group, assuming nothing else is changed. The correlation between historical values of Betmakers Technology's Accounts Payable and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Betmakers Technology Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., Betmakers Technology's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

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Accounts Payable

An accounting item on the balance sheet that represents Betmakers Technology obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Betmakers Technology are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Betmakers Technology balance sheet. This account contains Betmakers Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Betmakers Technology Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Betmakers Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Betmakers Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Betmakers Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Betmakers Technology's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 21.9 M in 2024, despite the fact that Discontinued Operations is likely to grow to (4.8 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	88.8M	23.7M	62.9M	66.1M
Cost Of Revenue	81.8M	120.4M	37.8M	26.3M

Total Operating Expenses Cost Of Revenue

Betmakers Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets	Long Term Debt	Other Stockholder Equity	Other Liab	Net Tangible Assets
Total Assets		0.88	0.71	0.77	1.0	0.84	-0.9	-0.7	0.81	0.91	0.93	-0.4	0.91	0.83	0.9	0.84	0.16	0.88	0.97	0.46	0.87	0.59	0.42	0.74	0.7	0.93
Short Long Term Debt Total	0.88		0.78	0.81	0.86	0.92	-0.65	-0.79	0.59	0.68	0.9	0.03	0.68	0.91	0.76	0.68	0.22	0.87	0.79	0.61	0.84	0.44	0.16	0.83	0.46	0.84
Other Current Liab	0.71	0.78		0.99	0.66	0.94	-0.4	-0.96	0.65	0.42	0.9	0.13	0.42	0.94	0.81	0.37	0.28	0.95	0.55	0.69	0.93	0.03	0.31	0.47	0.13	0.8
Total Current Liabilities	0.77	0.81	0.99		0.73	0.95	-0.5	-0.95	0.75	0.52	0.94	0.01	0.52	0.94	0.87	0.45	0.26	0.98	0.64	0.66	0.96	0.1	0.32	0.48	0.23	0.85
Total Stockholder Equity	1.0	0.86	0.66	0.73		0.81	-0.93	-0.66	0.8	0.94	0.91	-0.44	0.94	0.8	0.9	0.87	0.14	0.85	0.98	0.41	0.84	0.62	0.42	0.75	0.73	0.93
Property Plant And Equipment Net	0.84	0.92	0.94	0.95	0.81		-0.58	-0.95	0.69	0.61	0.97	0.08	0.61	0.96	0.85	0.57	0.27	0.96	0.72	0.59	0.97	0.26	0.28	0.71	0.32	0.91
Net Debt	-0.9	-0.65	-0.4	-0.5	-0.93	-0.58		0.4	-0.81	-1.0	-0.73	0.69	-1.0	-0.55	-0.81	-0.92	0.0	-0.65	-0.98	-0.13	-0.66	-0.73	-0.37	-0.65	-0.87	-0.84
Retained Earnings	-0.7	-0.79	-0.96	-0.95	-0.66	-0.95	0.4		-0.63	-0.43	-0.9	-0.19	-0.43	-0.89	-0.81	-0.37	-0.3	-0.91	-0.55	-0.51	-0.95	-0.08	-0.32	-0.58	-0.13	-0.83
Accounts Payable	0.81	0.59	0.65	0.75	0.8	0.69	-0.81	-0.63		0.81	0.8	-0.57	0.81	0.64	0.9	0.69	0.11	0.81	0.83	0.25	0.81	0.38	0.33	0.37	0.61	0.87
Cash	0.91	0.68	0.42	0.52	0.94	0.61	-1.0	-0.43	0.81		0.75	-0.67	1.0	0.57	0.82	0.93	0.0	0.67	0.98	0.16	0.68	0.73	0.36	0.66	0.86	0.85
Non Current Assets Total	0.93	0.9	0.9	0.94	0.91	0.97	-0.73	-0.9	0.8	0.75		-0.16	0.75	0.94	0.95	0.7	0.19	0.98	0.84	0.54	0.98	0.37	0.37	0.7	0.49	0.96
Non Currrent Assets Other	-0.4	0.03	0.13	0.01	-0.44	0.08	0.69	-0.19	-0.57	-0.67	-0.16		-0.67	0.05	-0.4	-0.56	0.2	-0.12	-0.56	0.18	-0.11	-0.47	-0.33	0.05	-0.7	-0.31
Cash And Short Term Investments	0.91	0.68	0.42	0.52	0.94	0.61	-1.0	-0.43	0.81	1.0	0.75	-0.67		0.57	0.82	0.93	0.0	0.67	0.98	0.16	0.68	0.73	0.36	0.66	0.86	0.85
Net Receivables	0.83	0.91	0.94	0.94	0.8	0.96	-0.55	-0.89	0.64	0.57	0.94	0.05	0.57		0.8	0.5	0.26	0.94	0.7	0.79	0.92	0.17	0.27	0.61	0.26	0.83
Good Will	0.9	0.76	0.81	0.87	0.9	0.85	-0.81	-0.81	0.9	0.82	0.95	-0.4	0.82	0.8		0.74	0.08	0.93	0.86	0.36	0.94	0.42	0.45	0.57	0.61	0.96
Non Current Liabilities Total	0.84	0.68	0.37	0.45	0.87	0.57	-0.92	-0.37	0.69	0.93	0.7	-0.56	0.93	0.5	0.74		0.02	0.63	0.9	0.08	0.6	0.88	0.29	0.75	0.96	0.75
Other Current Assets	0.16	0.22	0.28	0.26	0.14	0.27	0.0	-0.3	0.11	0.0	0.19	0.2	0.0	0.26	0.08	0.02		0.23	0.09	0.22	0.23	0.2	0.45	0.22	-0.05	0.16
Total Liab	0.88	0.87	0.95	0.98	0.85	0.96	-0.65	-0.91	0.81	0.67	0.98	-0.12	0.67	0.94	0.93	0.63	0.23		0.78	0.6	0.97	0.29	0.35	0.6	0.43	0.92
Total Current Assets	0.97	0.79	0.55	0.64	0.98	0.72	-0.98	-0.55	0.83	0.98	0.84	-0.56	0.98	0.7	0.86	0.9	0.09	0.78		0.31	0.77	0.68	0.39	0.71	0.8	0.9
Short Term Debt	0.46	0.61	0.69	0.66	0.41	0.59	-0.13	-0.51	0.25	0.16	0.54	0.18	0.16	0.79	0.36	0.08	0.22	0.6	0.31		0.51	-0.2	0.06	0.15	-0.11	0.36
Common Stock	0.87	0.84	0.93	0.96	0.84	0.97	-0.66	-0.95	0.81	0.68	0.98	-0.11	0.68	0.92	0.94	0.6	0.23	0.97	0.77	0.51		0.26	0.39	0.62	0.38	0.96
Other Assets	0.59	0.44	0.03	0.1	0.62	0.26	-0.73	-0.08	0.38	0.73	0.37	-0.47	0.73	0.17	0.42	0.88	0.2	0.29	0.68	-0.2	0.26		0.35	0.71	0.91	0.45
Long Term Debt	0.42	0.16	0.31	0.32	0.42	0.28	-0.37	-0.32	0.33	0.36	0.37	-0.33	0.36	0.27	0.45	0.29	0.45	0.35	0.39	0.06	0.39	0.35		0.23	0.3	0.37
Other Stockholder Equity	0.74	0.83	0.47	0.48	0.75	0.71	-0.65	-0.58	0.37	0.66	0.7	0.05	0.66	0.61	0.57	0.75	0.22	0.6	0.71	0.15	0.62	0.71	0.23		0.58	0.7
Other Liab	0.7	0.46	0.13	0.23	0.73	0.32	-0.87	-0.13	0.61	0.86	0.49	-0.7	0.86	0.26	0.61	0.96	-0.05	0.43	0.8	-0.11	0.38	0.91	0.3	0.58		0.58
Net Tangible Assets	0.93	0.84	0.8	0.85	0.93	0.91	-0.84	-0.83	0.87	0.85	0.96	-0.31	0.85	0.83	0.96	0.75	0.16	0.92	0.9	0.36	0.96	0.45	0.37	0.7	0.58

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Betmakers Technology Account Relationship Matchups

Betmakers Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	62.6M	230.3M	223.1M	199.5M	150.7M	87.8M
Other Current Liab	946.0K	11.2M	16.4M	37.5M	30.2M	31.8M
Total Current Liabilities	1.7M	22.1M	21.3M	45.3M	37.2M	39.1M
Total Stockholder Equity	60.4M	195.4M	189.3M	150.6M	111.6M	70.5M
Property Plant And Equipment Net	701.1K	13.9M	29.7M	32.7M	27.3M	28.7M
Net Debt	(31.2M)	(118.1M)	(82.3M)	(36.3M)	(26.2M)	(27.5M)
Retained Earnings	(26.1M)	(43.5M)	(132.7M)	(165.3M)	(203.5M)	(193.4M)
Accounts Payable	620.2K	9.6M	3.0M	4.1M	5.4M	5.7M
Cash	31.6M	120.6M	87.6M	41.0M	29.3M	29.7M
Non Current Assets Total	28.9M	95.7M	114.0M	124.2M	101.8M	106.8M
Non Currrent Assets Other	(14.5M)	(44.3M)	47K	792K	1.4M	1.5M
Cash And Short Term Investments	31.6M	120.6M	87.6M	41.0M	29.3M	29.7M
Net Receivables	2.0M	9.0M	15.4M	27.6M	14.2M	14.9M
Liabilities And Stockholders Equity	62.6M	230.3M	223.1M	199.5M	150.7M	87.8M
Non Current Liabilities Total	512.6K	12.8M	12.5M	3.7M	1.9M	3.3M
Other Current Assets	60.4K	575.1K	2.1M	2.5M	1.7M	1.6M
Total Liab	2.2M	34.9M	33.8M	48.9M	39.1M	41.1M
Total Current Assets	33.7M	134.6M	109.1M	75.3M	48.9M	39.2M
Common Stock	84.9M	226.0M	252.5M	300.0M	305.2M	320.4M
Other Assets	7.0M	1.0	13.9M	18.5M	1.15	1.09
Other Stockholder Equity	1.6M	12.9M	69.5M	15.9M	18.3M	12.8M
Accumulated Other Comprehensive Income	1.6M	12.9M	69.5M	15.9M	9.9M	11.5M
Other Liab	162.4K	10.7M	7.9M	347K	399.1K	379.1K
Net Tangible Assets	40.3M	127.4M	123.5M	93.9M	108.0M	113.4M
Common Stock Shares Outstanding	457.2M	675.2M	874.3M	933.2M	960.1M	503.5M
Property Plant And Equipment Gross	701.1K	15.1M	34.3M	39.6M	40.3M	42.3M
Intangible Assets	20.1M	68.0M	65.8M	56.7M	28.4M	28.3M
Property Plant Equipment	701.1K	13.9M	29.7M	32.7M	37.6M	39.5M
Long Term Debt Total	350.2K	2.1M	4.6M	3.3M	3.8M	4.0M
Net Invested Capital	60.4M	204.5M	197.7M	150.6M	111.6M	105.3M
Net Working Capital	32.0M	112.5M	87.8M	30.0M	11.7M	11.1M
Capital Stock	84.9M	226.0M	252.5M	300.0M	305.2M	222.0M

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