BlueBet Holdings (ASX:BBT) Total Assets : A$42.96 Mil (As of Dec. 2023)

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What is BlueBet Holdings Total Assets?

BlueBet Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$42.96 Mil.

During the past 12 months, BlueBet Holdings's average Total Assets Growth Rate was 75.90% per year.

Total Assets is connected with ROA %. BlueBet Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -42.28%. Total Assets is also linked to Revenue through Asset Turnover. BlueBet Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.57.

BlueBet Holdings Total Assets Historical Data

The historical data trend for BlueBet Holdings'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.

* Premium members only.

BlueBet Holdings Total Assets Chart

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

Total Assets

58.21

55.09

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial			61.13	58.21	51.71	55.09	42.96

BlueBet Holdings 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.

BlueBet Holdings'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 )
	=	28.852	+	26.24
	=	55.09

BlueBet Holdings'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 )
	=	19.823	+	23.132
	=	42.96

BlueBet Holdings (ASX:BBT) Total Assets Explanation

Total Assets is connected with ROA %.

BlueBet Holdings'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 )
	=	-20.726	/	( (55.092	+	42.955)	/ 2 )
	=	-20.726	/	49.0235
	=	-42.28 %

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.

BlueBet Holdings'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 )
=	27.817	/	( (55.092	+	42.955)	/ 2 )
=	27.817	/	49.0235
=	0.57

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.

BlueBet Holdings Total Assets Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

BlueBet Holdings (ASX:BBT) Headlines

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