Wesdome Operating Income vs Cost Of Revenue Analysis

WDO Stock

CAD 12.25 0.15 1.24%

Wesdome Gold financial indicator trend analysis is more than just analyzing Wesdome Gold Mines current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wesdome Gold Mines is a good investment. Please check the relationship between Wesdome Gold Operating Income and its Cost Of Revenue accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome Gold Mines. 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.

Operating Income vs Cost Of Revenue

Operating Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wesdome Gold Mines Operating Income account and Cost Of Revenue. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Wesdome Gold's Operating Income and Cost Of Revenue is 0.13. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Wesdome Gold Mines, assuming nothing else is changed. The correlation between historical values of Wesdome Gold's Operating Income and Cost Of Revenue 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 Wesdome Gold Mines are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Operating Income i.e., Wesdome Gold's Operating Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Wesdome Gold Mines 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 Wesdome Gold Mines 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.

Cost Of Revenue

Cost of Revenue is found on Wesdome Gold Mines income statement and represents the costs associated with goods and services Wesdome Gold provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most indicators from Wesdome Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wesdome Gold Mines 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wesdome Gold Mines. 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, Wesdome Gold's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value Over EBITDA is likely to grow to 12.77, though Tax Provision is likely to grow to (172.9 K).

	2021	2022	2023	2024 (projected)
Gross Profit	117.3M	51.1M	37.8M	29.6M
Total Revenue	262.9M	265.5M	333.2M	349.8M

Gross Profit Total Revenue

Wesdome Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Current Deferred Revenue	Inventory	Common Stock Total Equity	Common Stock
Total Assets		0.84	0.27	0.95	1.0	1.0	0.06	0.97	0.94	0.74	1.0	-0.11	0.74	0.91	0.46	0.99	0.46	-0.07	0.99	0.98	0.94	0.84	0.58	0.81	0.81	0.88
Short Long Term Debt Total	0.84		0.26	0.96	0.81	0.86	0.53	0.79	0.89	0.37	0.86	-0.19	0.37	0.92	0.27	0.79	0.17	-0.01	0.89	0.87	0.65	0.99	0.37	0.72	0.57	0.72
Other Current Liab	0.27	0.26		0.31	0.29	0.28	0.36	0.25	0.32	-0.14	0.28	-0.07	-0.14	0.37	0.13	0.17	-0.14	-0.35	0.24	0.31	0.18	0.3	-0.3	0.64	-0.04	0.05
Total Current Liabilities	0.95	0.96	0.31		0.93	0.96	0.35	0.9	0.96	0.54	0.96	-0.09	0.54	0.96	0.37	0.9	0.32	-0.03	0.97	0.96	0.8	0.96	0.49	0.8	0.71	0.83
Total Stockholder Equity	1.0	0.81	0.29	0.93		0.99	0.01	0.97	0.92	0.76	0.99	-0.1	0.76	0.9	0.47	0.98	0.47	-0.1	0.98	0.98	0.94	0.81	0.57	0.81	0.81	0.88
Property Plant And Equipment Net	1.0	0.86	0.28	0.96	0.99		0.1	0.97	0.94	0.72	1.0	-0.09	0.72	0.92	0.44	0.98	0.42	-0.05	0.99	0.99	0.92	0.86	0.58	0.81	0.8	0.89
Net Debt	0.06	0.53	0.36	0.35	0.01	0.1		0.01	0.26	-0.58	0.1	-0.15	-0.58	0.35	-0.21	-0.04	-0.42	-0.03	0.14	0.18	-0.26	0.54	-0.33	0.26	-0.26	-0.07
Retained Earnings	0.97	0.79	0.25	0.9	0.97	0.97	0.01		0.91	0.74	0.97	-0.2	0.74	0.91	0.32	0.97	0.49	0.09	0.96	0.96	0.92	0.79	0.58	0.78	0.73	0.82
Accounts Payable	0.94	0.89	0.32	0.96	0.92	0.94	0.26	0.91		0.57	0.95	-0.07	0.57	0.95	0.46	0.92	0.48	-0.13	0.96	0.93	0.82	0.87	0.47	0.77	0.7	0.8
Cash	0.74	0.37	-0.14	0.54	0.76	0.72	-0.58	0.74	0.57		0.71	-0.02	1.0	0.5	0.49	0.8	0.62	0.02	0.7	0.64	0.91	0.36	0.71	0.41	0.84	0.77
Non Current Assets Total	1.0	0.86	0.28	0.96	0.99	1.0	0.1	0.97	0.95	0.71		-0.1	0.71	0.92	0.44	0.98	0.44	-0.07	0.99	0.99	0.91	0.86	0.57	0.81	0.79	0.88
Non Currrent Assets Other	-0.11	-0.19	-0.07	-0.09	-0.1	-0.09	-0.15	-0.2	-0.07	-0.02	-0.1		-0.02	-0.23	0.25	-0.14	0.01	-0.11	-0.12	-0.12	-0.13	-0.16	0.34	-0.27	0.19	0.09
Cash And Short Term Investments	0.74	0.37	-0.14	0.54	0.76	0.72	-0.58	0.74	0.57	1.0	0.71	-0.02		0.5	0.49	0.8	0.62	0.02	0.7	0.64	0.91	0.36	0.71	0.41	0.84	0.77
Net Receivables	0.91	0.92	0.37	0.96	0.9	0.92	0.35	0.91	0.95	0.5	0.92	-0.23	0.5		0.36	0.87	0.39	-0.07	0.93	0.91	0.79	0.92	0.36	0.82	0.62	0.74
Common Stock Shares Outstanding	0.46	0.27	0.13	0.37	0.47	0.44	-0.21	0.32	0.46	0.49	0.44	0.25	0.49	0.36		0.44	0.52	-0.72	0.42	0.34	0.52	0.24	0.21	0.29	0.71	0.63
Non Current Liabilities Total	0.99	0.79	0.17	0.9	0.98	0.98	-0.04	0.97	0.92	0.8	0.98	-0.14	0.8	0.87	0.44		0.51	-0.01	0.98	0.96	0.95	0.77	0.65	0.77	0.82	0.88
Other Current Assets	0.46	0.17	-0.14	0.32	0.47	0.42	-0.42	0.49	0.48	0.62	0.44	0.01	0.62	0.39	0.52	0.51		-0.22	0.43	0.35	0.58	0.15	0.31	0.1	0.5	0.44
Other Stockholder Equity	-0.07	-0.01	-0.35	-0.03	-0.1	-0.05	-0.03	0.09	-0.13	0.02	-0.07	-0.11	0.02	-0.07	-0.72	-0.01	-0.22		-0.02	0.0	-0.08	0.03	0.38	-0.13	-0.11	-0.06
Total Liab	0.99	0.89	0.24	0.97	0.98	0.99	0.14	0.96	0.96	0.7	0.99	-0.12	0.7	0.93	0.42	0.98	0.43	-0.02		0.98	0.91	0.88	0.59	0.8	0.79	0.88
Property Plant And Equipment Gross	0.98	0.87	0.31	0.96	0.98	0.99	0.18	0.96	0.93	0.64	0.99	-0.12	0.64	0.91	0.34	0.96	0.35	0.0	0.98		0.86	0.88	0.54	0.83	0.74	0.85
Total Current Assets	0.94	0.65	0.18	0.8	0.94	0.92	-0.26	0.92	0.82	0.91	0.91	-0.13	0.91	0.79	0.52	0.95	0.58	-0.08	0.91	0.86		0.64	0.62	0.74	0.85	0.86
Short Term Debt	0.84	0.99	0.3	0.96	0.81	0.86	0.54	0.79	0.87	0.36	0.86	-0.16	0.36	0.92	0.24	0.77	0.15	0.03	0.88	0.88	0.64		0.37	0.74	0.57	0.72
Current Deferred Revenue	0.58	0.37	-0.3	0.49	0.57	0.58	-0.33	0.58	0.47	0.71	0.57	0.34	0.71	0.36	0.21	0.65	0.31	0.38	0.59	0.54	0.62	0.37		0.24	0.72	0.69
Inventory	0.81	0.72	0.64	0.8	0.81	0.81	0.26	0.78	0.77	0.41	0.81	-0.27	0.41	0.82	0.29	0.77	0.1	-0.13	0.8	0.83	0.74	0.74	0.24		0.53	0.64
Common Stock Total Equity	0.81	0.57	-0.04	0.71	0.81	0.8	-0.26	0.73	0.7	0.84	0.79	0.19	0.84	0.62	0.71	0.82	0.5	-0.11	0.79	0.74	0.85	0.57	0.72	0.53		0.97
Common Stock	0.88	0.72	0.05	0.83	0.88	0.89	-0.07	0.82	0.8	0.77	0.88	0.09	0.77	0.74	0.63	0.88	0.44	-0.06	0.88	0.85	0.86	0.72	0.69	0.64	0.97

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Wesdome Gold Account Relationship Matchups

Wesdome Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	285.7M	358.6M	553.7M	619.1M	619.0M	649.9M
Short Long Term Debt Total	13.3M	11.5M	14.6M	64.0M	42.5M	44.6M
Other Current Liab	5.2M	5.8M	7.4M	7.8M	11.1M	11.7M
Total Current Liabilities	28.1M	30.5M	53.4M	115.6M	89.1M	93.6M
Total Stockholder Equity	206.5M	262.9M	395.2M	398.5M	427.3M	448.7M
Property Plant And Equipment Net	223.4M	272.2M	427.6M	527.0M	525.5M	551.8M
Net Debt	(22.4M)	(52.0M)	(42.2M)	30.8M	1.1M	1.1M
Retained Earnings	26.1M	76.8M	201.6M	186.9M	180.8M	189.8M
Accounts Payable	14.1M	15.4M	32.7M	47.0M	31.7M	33.2M
Cash	35.7M	63.5M	56.8M	33.2M	41.4M	43.4M
Non Current Assets Total	225.1M	273.7M	460.7M	541.6M	536.7M	563.6M
Non Currrent Assets Other	988K	827K	12.1M	5.2M	8.6M	15.0M
Cash And Short Term Investments	35.7M	63.5M	56.8M	33.2M	41.4M	43.4M
Net Receivables	5.0M	4.7M	10.4M	17.8M	11.7M	12.3M
Common Stock Shares Outstanding	140.6M	142.6M	142.8M	142.4M	147.6M	87.7M
Liabilities And Stockholders Equity	285.7M	358.6M	553.7M	619.1M	619.0M	649.9M
Non Current Liabilities Total	51.2M	65.2M	105.2M	105.0M	102.5M	107.7M
Other Current Assets	1.1M	4.2M	8.0M	4.4M	1.1M	1.0M
Other Stockholder Equity	5.6M	6.5M	5.9M	7.4M	10.2M	9.7M
Total Liab	79.2M	95.7M	158.5M	220.6M	191.7M	201.2M
Property Plant And Equipment Gross	223.4M	272.2M	611.0M	756.3M	852.1M	894.7M
Total Current Assets	60.7M	84.9M	93.0M	77.5M	82.2M	86.3M
Short Term Debt	7.4M	5.9M	7.8M	60.9M	41.6M	43.7M
Inventory	19.7M	12.5M	17.9M	22.1M	28.0M	29.5M
Common Stock Total Equity	164.2M	166.4M	174.8M	179.5M	206.5M	165.7M
Common Stock	174.8M	179.5M	187.9M	205.4M	238.4M	182.2M
Other Liab	45.3M	59.6M	98.4M	101.9M	117.2M	123.0M
Net Tangible Assets	206.5M	262.9M	395.2M	398.5M	458.3M	481.2M
Other Assets	1.6M	1.5M	12.1M	2.6M	2.3M	2.2M
Property Plant Equipment	223.4M	272.2M	427.6M	527.0M	606.0M	636.4M
Long Term Debt Total	5.9M	5.6M	6.8M	3.1M	2.8M	4.5M
Capital Surpluse	5.6M	6.5M	5.9M	7.4M	8.5M	5.4M
Capital Lease Obligations	9.7M	11.5M	14.6M	9.3M	3.7M	3.5M
Net Invested Capital	210.1M	262.9M	395.2M	453.2M	466.0M	327.3M
Net Working Capital	32.6M	54.4M	39.7M	(38.0M)	(6.9M)	(6.5M)
Capital Stock	174.8M	179.5M	187.9M	205.4M	238.4M	211.3M

Pair Trading with Wesdome Gold

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 Wesdome Gold 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 Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.

Moving against Wesdome Stock

0.56	GOOG	Alphabet CDR	Pair Corr
0.53	AMZN	Amazon CDR	Pair Corr
0.47	XOM	EXXON MOBIL CDR	Pair Corr
0.47	WMT	Walmart Inc CDR	Pair Corr
0.43	IE	Ivanhoe Energy	Pair Corr

The ability to find closely correlated positions to Wesdome Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wesdome Gold 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 Wesdome Gold - 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 Wesdome Gold Mines to buy it.

The correlation of Wesdome Gold 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 Wesdome Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wesdome Gold Mines 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 Wesdome Gold 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 Wesdome Stock

Balance Sheet is a snapshot of the financial position of Wesdome Gold Mines at a specified time, usually calculated after every quarter, six months, or one year. Wesdome Gold Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Wesdome Gold 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 Wesdome currently owns. An asset can also be divided into two categories, current and non-current.

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Wesdome Operating Income vs Cost Of Revenue Analysis

Operating Income vs Cost Of Revenue

Operating Income vs Cost Of Revenue Correlation Analysis

Correlation Coefficient

Operating Income

Cost Of Revenue

Wesdome Gold fundamental ratios Correlations

Wesdome Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wesdome Gold fundamental ratios Accounts

Pair Trading with Wesdome Gold

Moving against Wesdome Stock

Other Information on Investing in Wesdome Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Total Assets

Other Stockholder Equity	- 0.72	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.58	Net Debt
Cash	- 0.58	Net Debt
Other Current Assets	- 0.42	Net Debt
Other Stockholder Equity	- 0.35	Other Current Liab
Current Deferred Revenue	- 0.33	Net Debt