Gold Historical Income Statement
| GORO Stock | USD 0.72 0.03 4.00% |
Historical analysis of Gold Resource income statement accounts such as Other Operating Expenses of 75 M or Total Operating Expenses of 13.8 M can show how well Gold Resource performed in making a profits. Evaluating Gold Resource income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Gold Resource's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Gold Resource latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Gold Resource is a good buy for the upcoming year.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. 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. About Gold Income Statement Analysis
Gold Resource Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Gold Resource shareholders. The income statement also shows Gold investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Gold Resource Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Gold Resource generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Gold Resource. It is also known as Gold Resource overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Gold Resource's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Gold Resource current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 Gold Resource. 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. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.At this time, Gold Resource's Reconciled Depreciation is very stable compared to the past year.
| 2024 | 2025 (projected) | Discontinued Operations | 9.6M | 8.6M | Interest Income | 394.2K | 374.5K |
Gold Resource income statement Correlations
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Gold Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gold Resource income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Interest Expense | 10.2M | 11.4M | 906K | 1.5M | 13.2M | 13.9M | |
| Total Revenue | 90.7M | 125.2M | 138.7M | 97.7M | 65.7M | 100.1M | |
| Gross Profit | 12.5M | 36.7M | 29.7M | (5.3M) | (20.5M) | (19.5M) | |
| Other Operating Expenses | 91.2M | 102.1M | 123.2M | 116.1M | 93.5M | 75.0M | |
| Operating Income | (248K) | 29.0M | 5.7M | (11.9M) | (27.8M) | (26.4M) | |
| Ebit | (648K) | 17.3M | 2.2M | (21.8M) | (34.0M) | (32.3M) | |
| Ebitda | 17.1M | 33.6M | 30.3M | 5.1M | (14.1M) | (13.4M) | |
| Total Operating Expenses | 13.0M | 13.6M | 14.2M | 7.3M | 7.3M | 13.8M | |
| Total Other Income Expense Net | (510K) | (5.6M) | (4.5M) | (9.9M) | (19.5M) | (18.5M) | |
| Net Income | (6.3M) | 8.0M | (6.3M) | (16.0M) | (56.5M) | (53.7M) | |
| Income Tax Expense | 5.6M | 9.6M | 8.6M | (5.7M) | 9.3M | 6.9M | |
| Depreciation And Amortization | 17.8M | 16.4M | 28.0M | 26.9M | 19.9M | 10.5M | |
| Income Before Tax | (758K) | 17.6M | 2.2M | (21.8M) | (47.2M) | (44.9M) | |
| Selling General Administrative | 10.6M | 8.7M | 10.0M | 6.6M | 5.0M | 7.7M | |
| Cost Of Revenue | 78.2M | 88.4M | 109.0M | 103.0M | 86.2M | 73.1M | |
| Net Income From Continuing Ops | (5.1M) | 7.0M | (10.6M) | (16.2M) | (56.5M) | (53.7M) | |
| Non Operating Income Net Other | (632K) | 1.2M | (1.0M) | (4.3M) | (3.9M) | (3.7M) | |
| Net Income Applicable To Common Shares | 5.8M | 4.4M | 8.0M | (6.3M) | (5.7M) | (5.4M) | |
| Tax Provision | 5.6M | 9.6M | 8.6M | (5.0M) | 9.3M | 6.5M | |
| Reconciled Depreciation | 17.6M | 16.1M | 27.4M | 27.0M | 19.9M | 22.2M |
Pair Trading with Gold Resource
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 Gold Resource 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 Gold Resource will appreciate offsetting losses from the drop in the long position's value.Moving against Gold Stock
The ability to find closely correlated positions to Gold Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Resource 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 Gold Resource - 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 Gold Resource to buy it.
The correlation of Gold Resource 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 Gold Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Resource 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 Gold Resource 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. 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. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Resource. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.41) | Revenue Per Share | Quarterly Revenue Growth (0.46) | Return On Assets |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.