Pointsbet Holdings (ASX:PBH) Total Assets : A$220.8 Mil (As of Dec. 2023)

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What is Pointsbet Holdings Total Assets?

Pointsbet Holdings's Total Assets for the quarter that ended in Dec. 2023 was A$220.8 Mil.

During the past 12 months, Pointsbet Holdings's average Total Assets Growth Rate was -64.90% per year. During the past 3 years, the average Total Assets Growth Rate was -9.20% per year.

During the past 5 years, Pointsbet Holdings's highest 3-Year average Total Assets Growth Rate was 187.10%. The lowest was -9.20%. And the median was 88.95%.

Total Assets is connected with ROA %. Pointsbet Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -17.58%. Total Assets is also linked to Revenue through Asset Turnover. Pointsbet Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.28.

Pointsbet Holdings Total Assets Historical Data

The historical data trend for Pointsbet 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.

Pointsbet Holdings Total Assets Chart

Pointsbet Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Total Assets

94.54

216.17

624.46

961.09

606.77

Pointsbet Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial						971.23	961.09	841.96	606.77	220.79

Pointsbet 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.

Pointsbet 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 )
	=	501.455	+	105.314
	=	606.8

Pointsbet 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 )
	=	150.61	+	70.175
	=	220.8

Pointsbet Holdings (ASX:PBH) Total Assets Explanation

Total Assets is connected with ROA %.

Pointsbet 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 )
	=	-72.724	/	( (606.769	+	220.785)	/ 2 )
	=	-72.724	/	413.777
	=	-17.58 %

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.

Pointsbet 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 )
=	117.607	/	( (606.769	+	220.785)	/ 2 )
=	117.607	/	413.777
=	0.28

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.

Pointsbet Holdings Total Assets Related Terms

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Pointsbet Holdings (ASX:PBH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PBTHF:USA

Address

165 Cremorne Street, Level 2, Cremorne, VIC, AUS, 3121

Website

https://www.pointsbet.com.au

Pointsbet Holdings Ltd is a licensed corporate bookmaker with operations in Australia and the United States. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients sports and racing wagering products. PointsBet's product offering includes Fixed Odds Sports, Fixed Odds Racing, PointsBetting and iGaming. The company had been appointed as an Official Sports Betting Partner of the NHL. Its reportable segments consist of Australian Trading, Technology and Canada Trading. The company derives revenue from the Australia segment which includes revenue from sports and race betting services provided to Australian customers.