Wesdome Historical Income Statement

WDO Stock

CAD 12.25 0.15 1.24%

Historical analysis of Wesdome Gold income statement accounts such as Depreciation And Amortization of 99.9 M, Interest Expense of 5.5 M, Selling General Administrative of 24.8 M or Total Revenue of 349.8 M can show how well Wesdome Gold Mines performed in making a profits. Evaluating Wesdome Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Wesdome Gold's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Wesdome Gold Mines 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 Wesdome Gold Mines is a good buy for the upcoming year.

Net Income Gross Profit

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.

About Wesdome Income Statement Analysis

Wesdome Gold Mines 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 Wesdome Gold shareholders. The income statement also shows Wesdome 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).

Wesdome Gold Income Statement Chart

At this time, Wesdome Gold's EBITDA is very stable compared to the past year. As of the 29th of November 2024, Cost Of Revenue is likely to grow to about 310.2 M, while Gross Profit is likely to drop about 29.6 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Wesdome Gold Mines 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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Wesdome Gold Mines minus its cost of goods sold. It is profit before Wesdome Gold operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Wesdome Gold Mines. It is also known as Wesdome Gold 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 Wesdome Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 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 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.

	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 income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Net Income From Continuing Ops	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.89	0.96	0.91	0.16	0.97	0.11	0.03	0.51	0.19	-0.01	-0.36	-0.03	0.03	0.97	-0.07	-0.89	0.0	0.34	-0.84	1.0
Interest Expense	0.89		0.83	0.77	0.13	0.89	-0.1	-0.15	0.3	0.51	-0.19	-0.43	-0.2	-0.17	0.91	-0.24	-0.86	-0.21	0.3	-0.88	0.91
Selling General Administrative	0.96	0.83		0.96	0.32	0.97	0.28	0.19	0.63	0.21	0.16	-0.25	0.13	0.21	0.97	0.09	-0.8	0.18	0.39	-0.78	0.95
Total Revenue	0.91	0.77	0.96		0.48	0.95	0.4	0.33	0.73	0.2	0.3	-0.15	0.27	0.37	0.95	0.25	-0.69	0.35	0.44	-0.74	0.88
Gross Profit	0.16	0.13	0.32	0.48		0.24	0.82	0.81	0.78	0.44	0.8	0.44	0.78	0.82	0.26	0.76	0.08	0.81	0.14	-0.05	0.13
Other Operating Expenses	0.97	0.89	0.97	0.95	0.24		0.14	0.06	0.52	0.25	0.02	-0.37	-0.01	0.09	1.0	-0.03	-0.8	0.08	0.48	-0.84	0.96
Operating Income	0.11	-0.1	0.28	0.4	0.82	0.14		0.94	0.86	0.0	0.93	0.5	0.92	0.94	0.13	0.83	0.1	0.86	0.05	0.06	0.07
Ebit	0.03	-0.15	0.19	0.33	0.81	0.06	0.94		0.87	-0.04	1.0	0.74	1.0	0.98	0.06	0.96	0.15	0.94	-0.01	0.11	-0.01
Ebitda	0.51	0.3	0.63	0.73	0.78	0.52	0.86	0.87		0.06	0.86	0.47	0.84	0.86	0.52	0.79	-0.3	0.81	0.16	-0.32	0.48
Total Operating Expenses	0.19	0.51	0.21	0.2	0.44	0.25	0.0	-0.04	0.06		-0.06	-0.22	-0.07	-0.03	0.29	-0.15	-0.11	-0.09	0.24	-0.25	0.2
Income Before Tax	-0.01	-0.19	0.16	0.3	0.8	0.02	0.93	1.0	0.86	-0.06		0.76	1.0	0.98	0.02	0.96	0.18	0.94	-0.02	0.14	-0.04
Total Other Income Expense Net	-0.36	-0.43	-0.25	-0.15	0.44	-0.37	0.5	0.74	0.47	-0.22	0.76		0.79	0.67	-0.36	0.85	0.32	0.71	-0.4	0.41	-0.37
Net Income	-0.03	-0.2	0.13	0.27	0.78	-0.01	0.92	1.0	0.84	-0.07	1.0	0.79		0.96	-0.01	0.96	0.17	0.92	-0.09	0.15	-0.06
Income Tax Expense	0.03	-0.17	0.21	0.37	0.82	0.09	0.94	0.98	0.86	-0.03	0.98	0.67	0.96		0.08	0.93	0.19	0.97	0.13	0.12	-0.01
Cost Of Revenue	0.97	0.91	0.97	0.95	0.26	1.0	0.13	0.06	0.52	0.29	0.02	-0.36	-0.01	0.08		-0.03	-0.82	0.07	0.46	-0.85	0.96
Net Income From Continuing Ops	-0.07	-0.24	0.09	0.25	0.76	-0.03	0.83	0.96	0.79	-0.15	0.96	0.85	0.96	0.93	-0.03		0.21	0.95	-0.11	0.18	-0.1
Minority Interest	-0.89	-0.86	-0.8	-0.69	0.08	-0.8	0.1	0.15	-0.3	-0.11	0.18	0.32	0.17	0.19	-0.82	0.21		0.22	-0.08	0.77	-0.9
Tax Provision	0.0	-0.21	0.18	0.35	0.81	0.08	0.86	0.94	0.81	-0.09	0.94	0.71	0.92	0.97	0.07	0.95	0.22		0.12	0.14	-0.04
Interest Income	0.34	0.3	0.39	0.44	0.14	0.48	0.05	-0.01	0.16	0.24	-0.02	-0.4	-0.09	0.13	0.46	-0.11	-0.08	0.12		-0.38	0.33
Net Interest Income	-0.84	-0.88	-0.78	-0.74	-0.05	-0.84	0.06	0.11	-0.32	-0.25	0.14	0.41	0.15	0.12	-0.85	0.18	0.77	0.14	-0.38		-0.86
Reconciled Depreciation	1.0	0.91	0.95	0.88	0.13	0.96	0.07	-0.01	0.48	0.2	-0.04	-0.37	-0.06	-0.01	0.96	-0.1	-0.9	-0.04	0.33	-0.86

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Wesdome Gold Account Relationship Matchups

Wesdome Gold income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	22.1M	26.7M	28.6M	45.4M	95.2M	99.9M
Interest Expense	679K	1.1M	1.2M	2.4M	5.2M	5.5M
Selling General Administrative	9.7M	10.2M	13.2M	15.1M	23.6M	24.8M
Total Revenue	164.0M	215.5M	262.9M	265.5M	333.2M	349.8M
Gross Profit	69.2M	90.1M	117.3M	51.1M	37.8M	29.6M
Other Operating Expenses	104.8M	135.9M	159.9M	244.7M	327.1M	343.4M
Operating Income	59.3M	77.5M	102.3M	21.3M	6.1M	9.9M
Ebit	62.3M	76.2M	189.8M	1.2M	1.0M	984.2K
Ebitda	84.4M	102.9M	218.4M	46.6M	96.2M	101.0M
Total Operating Expenses	10.0M	10.5M	14.2M	30.4M	31.7M	16.3M
Income Before Tax	61.4M	74.9M	188.3M	(3.2M)	(6.4M)	(6.1M)
Total Other Income Expense Net	2.2M	(2.6M)	33.7M	(24.5M)	(12.5M)	(11.8M)
Net Income	40.9M	50.7M	131.3M	(14.7M)	(6.2M)	(5.9M)
Income Tax Expense	20.5M	24.2M	57.0M	11.5M	(182K)	(172.9K)
Cost Of Revenue	94.8M	125.4M	145.6M	214.4M	295.4M	310.2M
Net Income From Continuing Ops	40.9M	50.7M	131.3M	(14.7M)	(6.2M)	(5.9M)
Net Income Applicable To Common Shares	40.9M	50.7M	131.3M	(14.7M)	(16.9M)	(16.1M)
Tax Provision	20.5M	24.2M	57.0M	11.5M	(182K)	(172.9K)
Interest Income	916K	397K	1.7M	4.7M	1.4M	1.6M
Net Interest Income	(916K)	(1.1M)	(1.3M)	(2.4M)	(4.0M)	(3.8M)
Reconciled Depreciation	21.7M	26.3M	28.1M	44.6M	95.2M	99.9M

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

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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

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Wesdome Historical Income Statement

About Wesdome Income Statement Analysis

Wesdome Gold Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Wesdome Gold income statement Correlations

Wesdome Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wesdome Gold income statement Accounts

Pair Trading with Wesdome Gold

Moving against Wesdome Stock

Other Information on Investing in Wesdome Stock

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Reconciled Depreciation	+ 1.0	Depreciation And Amortization
Cost Of Revenue	+ 1.0	Other Operating Expenses
Income Before Tax	+ 1.0	Ebit
Net Income	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Income Tax Expense	+ 0.98	Ebit

Reconciled Depreciation	- 0.9	Minority Interest
Minority Interest	- 0.89	Depreciation And Amortization
Net Interest Income	- 0.88	Interest Expense
Reconciled Depreciation	- 0.86	Net Interest Income
Minority Interest	- 0.86	Interest Expense
Net Interest Income	- 0.85	Cost Of Revenue