GoGold Operating Income vs Net Income Analysis

GGD Stock

CAD 3.05 0.06 2.01%

GoGold Resources financial indicator trend analysis is much more than just examining GoGold Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GoGold Resources is a good investment. Please check the relationship between GoGold Resources Operating Income and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GoGold Resources Operating Income account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between GoGold Resources' Operating Income and Net Income is 0.78. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of GoGold Resources, assuming nothing else is changed. The correlation between historical values of GoGold Resources' Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of GoGold Resources are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., GoGold Resources' Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from GoGold Resources operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of GoGold Resources is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in GoGold Resources financial statement analysis. It represents the amount of money remaining after all of GoGold Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from GoGold Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GoGold Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At this time, GoGold Resources' Enterprise Value is very stable compared to the past year.

GoGold Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Deferred Long Term Liab	Property Plant And Equipment Net	Net Receivables	Inventory	Other Current Assets	Property Plant And Equipment Gross	Short Term Debt	Property Plant Equipment
Total Assets		0.19	0.99	0.95	0.24	0.78	0.94	0.62	0.32	0.98	0.98	-0.57	-0.88	0.98	0.95	0.92	0.95	0.96	-0.67	0.77	0.87	0.32	-0.03	0.97	-0.24	0.69
Total Current Liabilities	0.19		0.07	0.04	-0.14	0.62	0.03	0.04	0.9	0.17	0.14	-0.17	0.14	0.21	0.09	0.19	-0.01	0.16	-0.04	0.25	0.01	0.76	0.82	0.15	0.8	0.13
Total Stockholder Equity	0.99	0.07		0.96	0.25	0.72	0.95	0.62	0.2	0.98	0.98	-0.54	-0.92	0.97	0.97	0.92	0.98	0.96	-0.66	0.74	0.89	0.24	-0.14	0.96	-0.36	0.68
Net Tangible Assets	0.95	0.04	0.96		0.21	0.6	0.85	0.66	0.18	0.92	0.95	-0.32	-0.86	0.94	0.91	0.85	0.91	0.95	-0.53	0.79	0.8	0.29	-0.16	0.95	-0.36	0.72
Retained Earnings	0.24	-0.14	0.25	0.21		-0.01	0.31	0.18	0.0	0.22	0.06	-0.46	-0.28	0.25	0.08	0.0	0.29	-0.01	-0.22	0.32	0.13	-0.35	-0.09	0.32	-0.13	0.45
Accounts Payable	0.78	0.62	0.72	0.6	-0.01		0.73	0.27	0.64	0.79	0.76	-0.67	-0.57	0.75	0.73	0.81	0.68	0.74	-0.65	0.51	0.74	0.57	0.33	0.68	0.24	0.37
Cash	0.94	0.03	0.95	0.85	0.31	0.73		0.51	0.12	0.97	0.92	-0.69	-0.96	0.88	0.93	0.92	0.99	0.87	-0.74	0.6	0.91	0.07	-0.15	0.86	-0.4	0.55
Other Stockholder Equity	0.62	0.04	0.62	0.66	0.18	0.27	0.51		0.24	0.53	0.58	-0.24	-0.52	0.68	0.54	0.45	0.55	0.6	-0.17	0.8	0.44	0.01	-0.07	0.69	-0.28	0.83
Total Liab	0.32	0.9	0.2	0.18	0.0	0.64	0.12	0.24		0.24	0.24	-0.26	0.07	0.39	0.17	0.23	0.08	0.28	-0.07	0.51	0.09	0.71	0.73	0.34	0.79	0.38
Total Current Assets	0.98	0.17	0.98	0.92	0.22	0.79	0.97	0.53	0.24		0.97	-0.6	-0.93	0.92	0.96	0.96	0.98	0.94	-0.69	0.66	0.91	0.26	-0.03	0.9	-0.3	0.58
Common Stock	0.98	0.14	0.98	0.95	0.06	0.76	0.92	0.58	0.24	0.97		-0.48	-0.89	0.95	0.98	0.95	0.94	0.99	-0.64	0.71	0.89	0.35	-0.09	0.93	-0.3	0.61
Other Current Liab	-0.57	-0.17	-0.54	-0.32	-0.46	-0.67	-0.69	-0.24	-0.26	-0.6	-0.48		0.57	-0.52	-0.49	-0.53	-0.6	-0.38	0.65	-0.33	-0.63	0.05	-0.03	-0.48	0.03	-0.35
Net Debt	-0.88	0.14	-0.92	-0.86	-0.28	-0.57	-0.96	-0.52	0.07	-0.93	-0.89	0.57		-0.81	-0.91	-0.88	-0.97	-0.84	0.58	-0.57	-0.89	0.03	0.32	-0.81	0.59	-0.54
Non Current Assets Total	0.98	0.21	0.97	0.94	0.25	0.75	0.88	0.68	0.39	0.92	0.95	-0.52	-0.81		0.91	0.86	0.89	0.94	-0.62	0.85	0.81	0.36	-0.03	0.99	-0.17	0.76
Non Currrent Assets Other	0.95	0.09	0.97	0.91	0.08	0.73	0.93	0.54	0.17	0.96	0.98	-0.49	-0.91	0.91		0.98	0.95	0.96	-0.65	0.63	0.89	0.28	-0.12	0.89	-0.38	0.53
Other Assets	0.92	0.19	0.92	0.85	0.0	0.81	0.92	0.45	0.23	0.96	0.95	-0.53	-0.88	0.86	0.98		0.92	0.93	-0.68	0.54	0.93	0.32	-0.02	0.83	-0.3	0.42
Cash And Short Term Investments	0.95	-0.01	0.98	0.91	0.29	0.68	0.99	0.55	0.08	0.98	0.94	-0.6	-0.97	0.89	0.95	0.92		0.9	-0.69	0.63	0.9	0.09	-0.19	0.89	-0.45	0.59
Common Stock Shares Outstanding	0.96	0.16	0.96	0.95	-0.01	0.74	0.87	0.6	0.28	0.94	0.99	-0.38	-0.84	0.94	0.96	0.93	0.9		-0.6	0.72	0.86	0.39	-0.08	0.92	-0.28	0.6
Deferred Long Term Liab	-0.67	-0.04	-0.66	-0.53	-0.22	-0.65	-0.74	-0.17	-0.07	-0.69	-0.64	0.65	0.58	-0.62	-0.65	-0.68	-0.69	-0.6		-0.19	-0.69	-0.01	0.04	-0.59	0.18	-0.16
Property Plant And Equipment Net	0.77	0.25	0.74	0.79	0.32	0.51	0.6	0.8	0.51	0.66	0.71	-0.33	-0.57	0.85	0.63	0.54	0.63	0.72	-0.19		0.51	0.37	0.0	0.86	-0.02	0.94
Net Receivables	0.87	0.01	0.89	0.8	0.13	0.74	0.91	0.44	0.09	0.91	0.89	-0.63	-0.89	0.81	0.89	0.93	0.9	0.86	-0.69	0.51		0.12	-0.18	0.77	-0.41	0.42
Inventory	0.32	0.76	0.24	0.29	-0.35	0.57	0.07	0.01	0.71	0.26	0.35	0.05	0.03	0.36	0.28	0.32	0.09	0.39	-0.01	0.37	0.12		0.48	0.32	0.58	0.19
Other Current Assets	-0.03	0.82	-0.14	-0.16	-0.09	0.33	-0.15	-0.07	0.73	-0.03	-0.09	-0.03	0.32	-0.03	-0.12	-0.02	-0.19	-0.08	0.04	0.0	-0.18	0.48		-0.08	0.79	-0.06
Property Plant And Equipment Gross	0.97	0.15	0.96	0.95	0.32	0.68	0.86	0.69	0.34	0.9	0.93	-0.48	-0.81	0.99	0.89	0.83	0.89	0.92	-0.59	0.86	0.77	0.32	-0.08		-0.22	0.78
Short Term Debt	-0.24	0.8	-0.36	-0.36	-0.13	0.24	-0.4	-0.28	0.79	-0.3	-0.3	0.03	0.59	-0.17	-0.38	-0.3	-0.45	-0.28	0.18	-0.02	-0.41	0.58	0.79	-0.22		-0.09
Property Plant Equipment	0.69	0.13	0.68	0.72	0.45	0.37	0.55	0.83	0.38	0.58	0.61	-0.35	-0.54	0.76	0.53	0.42	0.59	0.6	-0.16	0.94	0.42	0.19	-0.06	0.78	-0.09

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GoGold Resources Account Relationship Matchups

GoGold Resources fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	264.7M	302.4M	312.4M	397.7M	457.3M	480.2M
Total Current Liabilities	11.8M	12.7M	15.5M	22.6M	26.0M	14.5M
Total Stockholder Equity	240.3M	281.6M	284.5M	360.3M	414.3M	435.0M
Retained Earnings	(26.5M)	(34.4M)	(32.8M)	(15.5M)	(13.9M)	(14.6M)
Accounts Payable	4.1M	6.2M	8.6M	16.4M	18.8M	19.8M
Cash	73.3M	95.2M	72.0M	196.3M	225.8M	237.1M
Other Stockholder Equity	12.1M	13.7M	14.4M	14.7M	16.9M	10.5M
Total Liab	24.3M	20.9M	27.9M	37.4M	43.0M	23.2M
Total Current Assets	89.2M	114.4M	107.7M	172.3M	198.1M	208.0M
Common Stock	264.0M	310.9M	311.6M	369.9M	425.3M	446.6M
Other Current Liab	5.2M	1.8M	850K	(4.1M)	(4.7M)	(4.5M)
Net Debt	(72.3M)	(94.5M)	(72.0M)	(195.1M)	(175.6M)	(166.8M)
Non Current Assets Total	175.5M	188.0M	204.7M	225.4M	259.2M	272.2M
Non Currrent Assets Other	48.9M	51.4M	59.5M	72.4M	83.2M	87.4M
Other Assets	35.7M	32.7M	47.4M	66.6M	76.6M	80.4M
Cash And Short Term Investments	73.3M	95.2M	72.0M	141.1M	162.3M	170.4M
Common Stock Shares Outstanding	299.3M	315.3M	328.7M	359.6M	413.5M	434.2M
Liabilities And Stockholders Equity	264.7M	302.4M	312.4M	553.3M	636.3M	668.2M
Property Plant And Equipment Net	126.6M	136.6M	145.3M	153.1M	176.0M	96.7M
Net Receivables	3.6M	4.2M	13.4M	19.7M	22.6M	23.7M
Inventory	11.9M	14.6M	21.8M	9.1M	10.5M	10.5M
Other Current Assets	354K	1.6M	416K	2.4M	2.1M	2.3M
Property Plant And Equipment Gross	183.5M	198.5M	209.4M	222.7M	256.1M	268.9M
Property Plant Equipment	126.6M	136.6M	145.3M	153.1M	176.0M	98.3M
Non Current Liabilities Total	12.5M	8.2M	12.4M	14.8M	13.4M	8.1M
Accumulated Other Comprehensive Income	(9.3M)	(8.6M)	(8.6M)	(8.8M)	(7.9M)	(8.3M)
Short Long Term Debt Total	1.0M	775K	788K	1.2M	1.1M	1.0M
Long Term Debt	1.5M	1.1M	817K	784K	705.6K	670.3K
Long Term Debt Total	1.5M	1.1M	817K	784K	705.6K	670.3K
Capital Surpluse	12.1M	13.7M	14.4M	14.7M	16.9M	11.0M
Net Invested Capital	240.3M	281.6M	284.5M	360.3M	414.3M	222.4M
Net Working Capital	77.4M	101.7M	92.2M	149.7M	172.1M	180.7M
Capital Stock	264.0M	310.9M	311.6M	369.9M	425.3M	271.8M
Non Current Liabilities Other	959K	1.5M	378K	817K	735.3K	759.5K

Pair Trading with GoGold Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoGold Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoGold Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with GoGold Stock

0.85	AG	First Majestic Silver	Pair Corr
0.76	IE	Ivanhoe Energy	Pair Corr
0.84	ORE	Orezone Gold Corp	Pair Corr

The ability to find closely correlated positions to GoGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoGold Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoGold Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoGold Resources to buy it.

The correlation of GoGold Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoGold Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for GoGold Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in GoGold Stock

Balance Sheet is a snapshot of the financial position of GoGold Resources at a specified time, usually calculated after every quarter, six months, or one year. GoGold Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of GoGold Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which GoGold currently owns. An asset can also be divided into two categories, current and non-current.

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GoGold Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

GoGold Resources fundamental ratios Correlations

GoGold Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GoGold Resources fundamental ratios Accounts

Pair Trading with GoGold Resources

Moving together with GoGold Stock

Other Information on Investing in GoGold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Common Stock Shares Outstanding	+ 0.99	Common Stock
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.98	Total Assets
Common Stock	+ 0.98	Total Assets

Cash And Short Term Investments	- 0.97	Net Debt
Net Debt	- 0.96	Cash
Net Debt	- 0.93	Total Current Assets
Net Debt	- 0.92	Total Stockholder Equity
Non Currrent Assets Other	- 0.91	Net Debt
Net Receivables	- 0.89	Net Debt