Gaming Innovation Group Inc
Gaming Innovation Group Inc., an iGaming technology company, together with its subsidiaries, provides solutions, products, and services to iGaming operators in Nordic countries, other European countries, and internationally. It operates through two segments, Platform Offering Front-End Services (Platform), and Affiliate Marketing (Media). The company operates casinos and sports betting sites; and… Read more
Gaming Innovation Group Inc (GIGSEK) - Total Assets
Latest total assets as of March 2024: Skr265.70 Million SEK
Based on the latest financial reports, Gaming Innovation Group Inc (GIGSEK) holds total assets worth Skr265.70 Million SEK as of March 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.
Gaming Innovation Group Inc - Total Assets Trend (2014–2023)
This chart illustrates how Gaming Innovation Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Gaming Innovation Group Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Gaming Innovation Group Inc's total assets of Skr265.70 Million consist of 60.6% current assets and 39.5% non-current assets.
| Asset Category | Amount (SEK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Skr0.00 | 5.7% |
| Accounts Receivable | Skr16.74 Million | 6.1% |
| Inventory | Skr2.00 | 0.0% |
| Property, Plant & Equipment | Skr0.00 | 0.0% |
| Intangible Assets | Skr62.67 Million | 23.0% |
| Goodwill | Skr40.79 Million | 15.0% |
Asset Composition Trend (2014–2023)
This chart illustrates how Gaming Innovation Group 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: Gaming Innovation Group Inc's current assets represent 60.6% of total assets in 2023, a decrease from 82.4% in 2014.
- Cash Position: Cash and equivalents constituted 5.7% of total assets in 2023, down from 30.1% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 36.0% of total assets, an increase from 12.0% in 2014.
- Asset Diversification: The largest asset category is intangible assets at 23.0% of total assets.
Gaming Innovation Group Inc Competitors by Total Assets
Key competitors of Gaming Innovation Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
Gaming Innovation Group 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
Lower asset utilization - Gaming Innovation Group Inc generates 0.33x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Gaming Innovation Group Inc generates $ 4.73 in net profit.
Gaming Innovation Group 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 | 2.20 | 0.71 | 0.62 |
| Quick Ratio | 2.20 | 0.71 | 0.62 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Skr85.50 Million | Skr -13.54 Million | Skr -22.64 Million |
Gaming Innovation Group Inc - Advanced Valuation Insights
This section examines the relationship between Gaming Innovation Group 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 | 0.54 |
| Asset Growth Rate (YoY) | 47.4% |
| Total Assets | Skr272.64 Million |
| Market Capitalization | $148.05 Million USD |
Valuation Analysis
Below Book Valuation: The market values Gaming Innovation Group Inc's assets below their book value (0.54 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Gaming Innovation Group Inc's assets grew by 47.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Gaming Innovation Group Inc (2014–2023)
The table below shows the annual total assets of Gaming Innovation Group Inc from 2014 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | Skr272.64 Million | +47.39% |
| 2022-12-31 | Skr184.98 Million | +111.00% |
| 2021-12-31 | Skr87.67 Million | -5.89% |
| 2020-12-31 | Skr93.15 Million | -31.04% |
| 2019-12-31 | Skr135.09 Million | -28.91% |
| 2018-12-31 | Skr190.03 Million | -7.60% |
| 2017-12-31 | Skr205.66 Million | +62.83% |
| 2016-12-31 | Skr126.31 Million | +250.21% |
| 2015-12-31 | Skr36.07 Million | +745.94% |
| 2014-12-31 | Skr4.26 Million | -- |