Kindred Group's Total Assets for the quarter that ended in Mar. 2024 was $1,467 Mil.
Warning Sign:
If a company builds assets at 14% a year, faster than its revenue growth rate of 9.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Kindred Group's average Total Assets Growth Rate was -1.50% per year.
During the past 3 years, the average Total Assets Growth Rate was 14.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 19.50% per year.
During the past 13 years, Kindred Group's highest 3-Year average Total Assets Growth Rate was 35.50%. The lowest was -1.90%. And the median was 16.75%.
The historical data trend for Kindred 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.
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.
Kindred Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Kindred Group (OTCPK:KNDGF) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) 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.
Kindred Group's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
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.
Kindred Group Total Assets Related Terms
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Kindred Group (Kindred Group) Business Description
Kindred Group PLC is an online gambling and gaming business that licenses online casino, poker, bingo, and sports betting. Its geographical reporting segments are as follows: the Nordics, Western Europe, Central, Eastern & Southern Europe, and Other. The company derives a majority of its revenue from Western Europe through gross winnings, betting duties, marketing revenue share, and other cost of sales. It operates through several different online brands, such as Unibet, Bingo.com, Maria Casino, and iGame. The Casino & Games products account for the most revenue, followed by Sports Betting, Poker, and Other.
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