GoldMining Historical Income Statement
| GOLD Stock | CAD 1.16 0.01 0.85% |
Historical analysis of GoldMining income statement accounts such as Other Operating Expenses of 31.4 M or Cost Of Revenue of 274.9 K can show how well GoldMining performed in making a profits. Evaluating GoldMining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of GoldMining's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining GoldMining 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 GoldMining is a good buy for the upcoming year.
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About GoldMining Income Statement Analysis
GoldMining 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 GoldMining shareholders. The income statement also shows GoldMining 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).
GoldMining Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of GoldMining. It is also known as GoldMining 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.Cost Of Revenue
Cost of Revenue is found on GoldMining income statement and represents the costs associated with goods and services GoldMining 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.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 GoldMining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into GoldMining 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 GoldMining. 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. To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.At this time, GoldMining's Income Tax Expense is very stable compared to the past year. As of the 9th of January 2025, Interest Income is likely to grow to about 793.3 K, while Gross Profit is likely to drop (286.2 K).
| 2021 | 2022 | 2024 | 2025 (projected) | Total Operating Expenses | 14.8M | 25.8M | 29.7M | 31.2M | Cost Of Revenue | 210K | 237K | 213.3K | 274.9K |
GoldMining income statement Correlations
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GoldMining Account Relationship Matchups
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High Negative Relationship
GoldMining income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Interest Expense | 2.8K | 145.7K | 1.7M | 1.3M | 1.5M | 1.5M | |
| Selling General Administrative | 8.9M | 9.4M | 11.7M | 13.8M | 15.9M | 16.7M | |
| Gross Profit | (275.2K) | (185.6K) | (210K) | (237K) | (272.6K) | (286.2K) | |
| Other Operating Expenses | 10.9M | 12.0M | 15.0M | 26.0M | 29.9M | 31.4M | |
| Operating Income | (10.9M) | 108.7M | (13.7M) | (26.0M) | (29.9M) | (28.4M) | |
| Ebit | (10.8M) | (15.0M) | (14.2M) | (26.0M) | (23.4M) | (22.3M) | |
| Ebitda | (10.5M) | (14.8M) | (14.0M) | (25.8M) | (23.2M) | (22.1M) | |
| Cost Of Revenue | 275.2K | 185.6K | 210K | 237K | 213.3K | 274.9K | |
| Total Operating Expenses | 10.6M | 11.8M | 14.8M | 25.8M | 29.7M | 31.2M | |
| Income Before Tax | (11.1M) | 109.2M | (14.4M) | (25.4M) | (29.2M) | (27.7M) | |
| Net Income | (11.1M) | 100.4M | (13.2M) | (28.8M) | (33.1M) | (31.4M) | |
| Depreciation And Amortization | 288.4K | 189.4K | 229K | 237K | 272.6K | 189.8K | |
| Total Other Income Expense Net | (214.3K) | 502.6K | (747K) | 647K | 744.1K | 781.3K | |
| Income Tax Expense | (2.3K) | 9.0M | (1.2M) | 4.9M | 5.6M | 5.9M | |
| Interest Income | 73.6K | 254.1K | 1.6M | 657K | 755.6K | 793.3K | |
| Net Income From Continuing Ops | (11.1M) | 100.2M | (13.2M) | (30.4M) | (35.0M) | (33.3M) | |
| Net Income Applicable To Common Shares | (6.2M) | (11.1M) | 100.4M | (13.2M) | (15.2M) | (14.4M) | |
| Net Interest Income | 70.8K | (138.1K) | (1.7M) | (609K) | (548.1K) | (520.7K) | |
| Reconciled Depreciation | 275.2K | 185.6K | 210K | 202K | 181.8K | 188.1K |
Pair Trading with GoldMining
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 GoldMining 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 GoldMining will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to GoldMining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoldMining 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 GoldMining - 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 GoldMining to buy it.
The correlation of GoldMining 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 GoldMining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoldMining 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 GoldMining 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 GoldMining. 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. To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.