VIP Entertainment Technologies Inc.
VIP Entertainment Technologies Inc. does not have significant operations. Previously it was engaged in the online sports betting and iGaming sector. The company is headquartered in Vancouver, Canada.
VIP Entertainment Technologies Inc. (VETIF) - Total Assets
Latest total assets as of December 2024: $6.57K USD
Based on the latest financial reports, VIP Entertainment Technologies Inc. (VETIF) holds total assets worth $6.57K USD as of December 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
VIP Entertainment Technologies Inc. - Total Assets Trend (2020–2024)
This chart illustrates how VIP Entertainment Technologies Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
VIP Entertainment Technologies Inc. - Asset Composition Analysis
Current Asset Composition (March 2024)
VIP Entertainment Technologies Inc.'s total assets of $6.57K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.4% |
| Accounts Receivable | $4.93K | 3.2% |
| Inventory | $-0.28 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2024)
This chart illustrates how VIP Entertainment Technologies Inc.'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: VIP Entertainment Technologies Inc.'s current assets represent 100.0% of total assets in 2024, unchanged from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 6.4% of total assets in 2024, down from 100.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 3.2% of total assets.
VIP Entertainment Technologies Inc. Competitors by Total Assets
Key competitors of VIP Entertainment Technologies Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
RGB International Bhd
KLSE:0037
|
Malaysia | RM624.78 Million |
|
DYNAM JAPAN HOLDINGS Co. Ltd
F:2DJ
|
Germany | €359.28 Billion |
|
Olympia Industries Bhd
KLSE:3018
|
Malaysia | RM547.13 Million |
|
Magnum Bhd
KLSE:3859
|
Malaysia | RM3.56 Billion |
|
Tiga Gaming Inc.
TWO:6536
|
Taiwan | NT$153.65 Million |
|
Apple iSports Group Inc
OTCQB:AAPI
|
USA | $360.30K |
|
Accel Entertainment Inc
NYSE:ACEL
|
USA | $1.13 Billion |
|
Acroud AB
ST:ACROUD
|
Sweden | Skr39.91 Million |
VIP Entertainment Technologies Inc. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - VIP Entertainment Technologies Inc. generates 2.75x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - VIP Entertainment Technologies Inc. is currently not profitable relative to its asset base.
VIP Entertainment Technologies Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.00 | 0.20 | 46.49 |
| Quick Ratio | 0.00 | 0.20 | 46.49 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.48 Million | $ -611.20K | $ 168.04K |
VIP Entertainment Technologies Inc. - Advanced Valuation Insights
This section examines the relationship between VIP Entertainment Technologies Inc.'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 6.62 |
| Asset Growth Rate (YoY) | -72.3% |
| Total Assets | $155.80K |
| Market Capitalization | $1.03 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values VIP Entertainment Technologies Inc.'s assets at a significant premium ( 6.62x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: VIP Entertainment Technologies Inc.'s assets decreased by 72.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for VIP Entertainment Technologies Inc. (2020–2024)
The table below shows the annual total assets of VIP Entertainment Technologies Inc. from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-03-31 | $155.80K | -72.32% |
| 2023-03-31 | $562.77K | +188.60% |
| 2022-03-31 | $195.00K | -33.93% |
| 2021-03-31 | $295.15K | -6.61% |
| 2020-03-31 | $316.05K | -- |