RTG Historical Income Statement
| RTG Stock | CAD 0.04 0.01 33.33% |
Historical analysis of RTG Mining income statement accounts such as Other Operating Expenses of 4.4 M, Research Development of 976.8 K, Total Operating Expenses of 5.8 M or Selling And Marketing Expenses of 916.5 K can show how well RTG Mining performed in making a profits. Evaluating RTG Mining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of RTG Mining's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining RTG Mining 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 RTG Mining is a good buy for the upcoming year.
RTG |
About RTG Income Statement Analysis
RTG Mining 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 RTG Mining shareholders. The income statement also shows RTG 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).
RTG Mining Income Statement Chart
Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of RTG Mining. It is also known as RTG Mining 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.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from RTG Mining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into RTG Mining 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in RTG Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, RTG Mining's Depreciation And Amortization is very stable compared to the past year. As of the 2nd of December 2024, Selling General Administrative is likely to grow to about 4.3 M, while Interest Expense is likely to drop about 94.4 K.
RTG Mining income statement Correlations
Click cells to compare fundamentals
RTG Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
RTG Mining income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 39.1K | 49.6K | 70.9K | 106.7K | 34.3K | 60.7K | |
| Interest Expense | 181.2K | 114.6K | 2.7M | 1.4M | 99.4K | 94.4K | |
| Selling General Administrative | 5.0M | 4.4M | 2.8M | 3.2M | 2.5M | 4.3M | |
| Total Revenue | 220.7K | 49.9K | 1.1K | 37.7K | 350.0 | 0.0 | |
| Gross Profit | (39.1K) | (49.6K) | (189.6K) | (196.8K) | (166.4K) | (174.7K) | |
| Other Operating Expenses | 5.3M | 4.6M | 7.0M | 6.3M | 4.5M | 4.4M | |
| Operating Income | (5.3M) | (4.6M) | (4.0M) | (4.6M) | (3.8M) | (3.6M) | |
| Ebit | (5.3M) | (4.6M) | (4.0M) | (4.6M) | (3.8M) | (3.6M) | |
| Ebitda | (5.3M) | (4.6M) | (4.0M) | (4.5M) | (3.8M) | (3.6M) | |
| Total Operating Expenses | 5.3M | 4.5M | 7.0M | 6.3M | 4.5M | 5.8M | |
| Income Before Tax | (14.0M) | (6.3M) | (7.0M) | (6.3M) | (4.4M) | (4.7M) | |
| Total Other Income Expense Net | (8.8M) | (1.7M) | (3.0M) | (1.7M) | (611.0K) | (641.6K) | |
| Net Income | (22.0M) | (7.6M) | (6.8M) | (6.1M) | (4.4M) | (4.6M) | |
| Income Tax Expense | 8.0M | 1.3M | (226.52) | (195.58) | (68.16) | (64.75) | |
| Selling And Marketing Expenses | 2.6K | 1.2K | 952.1K | 964.4K | 977.4K | 916.5K | |
| Cost Of Revenue | 39.1K | 49.6K | 189.6K | 196.8K | 166.4K | 191.6K | |
| Net Income From Continuing Ops | (14.0M) | (6.3M) | (7.0M) | (6.3M) | (4.4M) | (4.7M) | |
| Net Income Applicable To Common Shares | (13.4M) | (6.0M) | (6.8M) | (6.1M) | (7.0M) | (7.4M) | |
| Minority Interest | (846.3K) | (1.2M) | 226.5K | 195.6K | 68.2K | 71.6K | |
| Net Interest Income | (131.3K) | (113.5K) | (119.7K) | (82.8K) | (99.4K) | (104.4K) |
Pair Trading with RTG Mining
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 RTG Mining 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 RTG Mining will appreciate offsetting losses from the drop in the long position's value.Moving against RTG Stock
The ability to find closely correlated positions to RTG Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RTG Mining 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 RTG Mining - 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 RTG Mining to buy it.
The correlation of RTG Mining 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 RTG Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RTG Mining 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 RTG Mining 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.Other Information on Investing in RTG Stock
RTG Mining 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 RTG Mining shareholders. The income statement also shows RTG 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).