GoGold Historical Income Statement
| GGD Stock | CAD 1.81 0.05 2.84% |
Historical analysis of GoGold Resources income statement accounts such as Total Revenue of 21.3 M or Gross Profit of 14.7 M can show how well GoGold Resources performed in making a profits. Evaluating GoGold Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of GoGold Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining GoGold Resources 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 GoGold Resources is a good buy for the upcoming year.
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About GoGold Income Statement Analysis
GoGold Resources 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 GoGold Resources shareholders. The income statement also shows GoGold 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).
GoGold Resources Income Statement Chart
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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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of GoGold Resources. It is also known as GoGold Resources 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.Most accounts from GoGold Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts 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 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 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 board of governors. At this time, GoGold Resources' Net Income Applicable To Common Shares is very stable compared to the past year. As of the 27th of March 2025, Net Income is likely to grow to about 1.9 M, while Interest Expense is likely to drop about 627.2 K.
GoGold Resources income statement Correlations
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GoGold Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GoGold Resources income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Interest Expense | 391K | 574K | 637K | 589K | 677.4K | 627.2K | |
| Selling General Administrative | 7.7M | 8.1M | 7.7M | 9.0M | 10.4M | 10.9M | |
| Total Revenue | 53.2M | 36.1M | 30.3M | 36.5M | 42.0M | 21.3M | |
| Gross Profit | 19.6M | 5.3M | (3.9M) | 12.2M | 14.0M | 14.7M | |
| Operating Income | 8.0M | 2.6M | (11.8M) | 3.2M | 2.9M | 3.1M | |
| Net Income From Continuing Ops | 7.1M | 692K | (7.9M) | 1.6M | 1.8M | 1.9M | |
| Ebit | 43.6M | 8.8M | 2.6M | (9.4M) | (8.4M) | (8.0M) | |
| Cost Of Revenue | 33.6M | 30.7M | 34.2M | 24.3M | 28.0M | 19.6M | |
| Total Operating Expenses | 11.6M | 8.4M | 7.9M | 33.3M | 38.3M | 40.2M | |
| Income Before Tax | 8.4M | 7.2M | (10.0M) | 7.3M | 8.4M | 8.8M | |
| Total Other Income Expense Net | 379K | 10.2M | 1.8M | (159K) | (182.9K) | (192.0K) | |
| Net Income Applicable To Common Shares | 8.1M | 43.1M | 7.1M | 692K | 795.8K | 835.6K | |
| Net Income | 7.1M | 692K | (7.9M) | 1.6M | 1.8M | 1.9M | |
| Income Tax Expense | 414K | 1.3M | 6.5M | (2.1M) | (2.4M) | (2.3M) | |
| Other Operating Expenses | 35.6M | 45.2M | 39.1M | 42.1M | 48.4M | 50.8M | |
| Ebitda | 47.3M | 13.8M | 6.8M | (6.2M) | (7.2M) | (6.8M) | |
| Depreciation And Amortization | 3.7M | 5.0M | 4.2M | 3.1M | 3.6M | 3.3M | |
| Tax Provision | 1.3M | 6.5M | (2.1M) | 5.7M | 6.6M | 6.9M | |
| Interest Income | 379K | 10.2M | 4.4M | 4.8M | 5.5M | 5.1M | |
| Net Interest Income | (81K) | 5.1M | 3.8M | 4.2M | 4.9M | 5.1M | |
| Reconciled Depreciation | 5.0M | 4.2M | 3.1M | 2.8M | 2.5M | 3.5M |
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 against GoGold Stock
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.Other Information on Investing in GoGold Stock
GoGold Resources 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 GoGold Resources shareholders. The income statement also shows GoGold 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).