Golden Ocean Group Stock Gross Profit

GOGL Stock

USD 11.19 0.64 5.41%

Golden Ocean Group fundamentals help investors to digest information that contributes to Golden Ocean's financial success or failures. It also enables traders to predict the movement of Golden Stock. The fundamental analysis module provides a way to measure Golden Ocean's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Golden Ocean stock.

	Last Reported	Projected for Next Year
Gross Profit	209.9 M	220.4 M
Gross Profit Margin	0.24	0.23

Gross Profit is expected to rise to about 220.4 M this year, although the value of Gross Profit Margin will most likely fall to 0.23.

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Golden Ocean Group Company Gross Profit Analysis

Golden Ocean's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Gross Profit

Revenue

-

Cost of Revenue

More About Gross Profit | All Equity Analysis

Current Golden Ocean Gross Profit

551.12 M

Most of Golden Ocean's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Golden Ocean Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Golden Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Golden Ocean is extremely important. It helps to project a fair market value of Golden Stock properly, considering its historical fundamentals such as Gross Profit. Since Golden Ocean's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Golden Ocean's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Golden Ocean's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Accounts Payable	Short Term Investments	Intangible Assets	Treasury Stock	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Good Will	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.99	0.01	0.6	0.99	0.76	0.55	0.95	0.82	0.97	0.81	0.62	-0.59	-0.53	-0.72	-0.36	0.65	-0.55	0.89	0.76	-0.53	0.77	0.45	-0.71	0.61
Total Stockholder Equity	0.99		0.97	0.11	0.52	0.97	0.71	0.51	0.96	0.79	0.96	0.8	0.58	-0.63	-0.52	-0.74	-0.42	0.72	-0.56	0.9	0.76	-0.55	0.77	0.52	-0.69	0.68
Net Debt	0.99	0.97		-0.02	0.65	0.99	0.72	0.52	0.93	0.81	0.96	0.79	0.65	-0.57	-0.55	-0.74	-0.31	0.63	-0.56	0.86	0.77	-0.56	0.78	0.39	-0.73	0.57
Retained Earnings	0.01	0.11	-0.02		-0.51	-0.09	-0.42	-0.24	0.21	-0.28	0.11	-0.02	-0.26	-0.3	-0.33	-0.3	-0.58	0.69	0.12	0.29	0.18	-0.34	0.17	0.73	-0.06	0.7
Net Receivables	0.6	0.52	0.65	-0.51		0.67	0.73	0.58	0.43	0.64	0.51	0.54	0.42	-0.02	-0.27	-0.2	0.49	-0.05	-0.24	0.41	0.32	-0.12	0.4	-0.1	-0.47	-0.07
Total Liab	0.99	0.97	0.99	-0.09	0.67		0.79	0.58	0.93	0.84	0.96	0.81	0.65	-0.54	-0.53	-0.69	-0.28	0.57	-0.52	0.85	0.75	-0.51	0.76	0.36	-0.72	0.53
Total Current Assets	0.76	0.71	0.72	-0.42	0.73	0.79		0.74	0.66	0.85	0.7	0.77	0.49	-0.23	-0.32	-0.32	-0.03	0.15	-0.21	0.67	0.48	-0.19	0.55	0.15	-0.56	0.23
Short Term Debt	0.55	0.51	0.52	-0.24	0.58	0.58	0.74		0.48	0.43	0.49	0.54	0.48	-0.17	-0.38	-0.21	-0.03	0.07	0.23	0.49	0.09	-0.46	0.65	0.11	-0.8	0.12
Common Stock	0.95	0.96	0.93	0.21	0.43	0.93	0.66	0.48		0.73	0.97	0.81	0.59	-0.61	-0.64	-0.79	-0.51	0.79	-0.41	0.93	0.83	-0.6	0.82	0.56	-0.74	0.74
Long Term Debt	0.82	0.79	0.81	-0.28	0.64	0.84	0.85	0.43	0.73		0.81	0.79	0.55	-0.3	-0.34	-0.52	-0.15	0.39	-0.55	0.79	0.74	-0.26	0.54	0.26	-0.45	0.46
Property Plant Equipment	0.97	0.96	0.96	0.11	0.51	0.96	0.7	0.49	0.97	0.81		0.8	0.6	-0.53	-0.58	-0.78	-0.43	0.74	-0.46	0.91	0.8	-0.59	0.8	0.52	-0.73	0.69
Current Deferred Revenue	0.81	0.8	0.79	-0.02	0.54	0.81	0.77	0.54	0.81	0.79	0.8		0.7	-0.41	-0.65	-0.79	-0.3	0.55	-0.34	0.85	0.74	-0.54	0.84	0.25	-0.69	0.52
Accounts Payable	0.62	0.58	0.65	-0.26	0.42	0.65	0.49	0.48	0.59	0.55	0.6	0.7		-0.39	-0.52	-0.73	-0.24	0.32	-0.35	0.54	0.61	-0.59	0.77	-0.2	-0.73	0.21
Short Term Investments	-0.59	-0.63	-0.57	-0.3	-0.02	-0.54	-0.23	-0.17	-0.61	-0.3	-0.53	-0.41	-0.39		0.18	0.57	0.57	-0.6	0.51	-0.57	-0.52	0.5	-0.51	-0.41	0.41	-0.58
Intangible Assets	-0.53	-0.52	-0.55	-0.33	-0.27	-0.53	-0.32	-0.38	-0.64	-0.34	-0.58	-0.65	-0.52	0.18		0.65	0.36	-0.55	-0.03	-0.62	-0.56	0.58	-0.72	-0.27	0.65	-0.48
Treasury Stock	-0.72	-0.74	-0.74	-0.3	-0.2	-0.69	-0.32	-0.21	-0.79	-0.52	-0.78	-0.79	-0.73	0.57	0.65		0.53	-0.81	0.44	-0.77	-0.79	0.77	-0.86	-0.31	0.67	-0.66
Deferred Long Term Liab	-0.36	-0.42	-0.31	-0.58	0.49	-0.28	-0.03	-0.03	-0.51	-0.15	-0.43	-0.3	-0.24	0.57	0.36	0.53		-0.71	0.19	-0.5	-0.45	0.44	-0.42	-0.54	0.27	-0.73
Long Term Investments	0.65	0.72	0.63	0.69	-0.05	0.57	0.15	0.07	0.79	0.39	0.74	0.55	0.32	-0.6	-0.55	-0.81	-0.71		-0.35	0.79	0.71	-0.65	0.67	0.73	-0.5	0.92
Short Long Term Debt	-0.55	-0.56	-0.56	0.12	-0.24	-0.52	-0.21	0.23	-0.41	-0.55	-0.46	-0.34	-0.35	0.51	-0.03	0.44	0.19	-0.35		-0.36	-0.58	0.07	-0.15	-0.08	-0.02	-0.28
Net Tangible Assets	0.89	0.9	0.86	0.29	0.41	0.85	0.67	0.49	0.93	0.79	0.91	0.85	0.54	-0.57	-0.62	-0.77	-0.5	0.79	-0.36		0.84	-0.59	0.8	0.64	-0.7	0.84
Long Term Debt Total	0.76	0.76	0.77	0.18	0.32	0.75	0.48	0.09	0.83	0.74	0.8	0.74	0.61	-0.52	-0.56	-0.79	-0.45	0.71	-0.58	0.84		-0.37	0.6	0.39	-0.43	0.71
Capital Surpluse	-0.53	-0.55	-0.56	-0.34	-0.12	-0.51	-0.19	-0.46	-0.6	-0.26	-0.59	-0.54	-0.59	0.5	0.58	0.77	0.44	-0.65	0.07	-0.59	-0.37		-0.88	-0.32	0.83	-0.55
Good Will	0.77	0.77	0.78	0.17	0.4	0.76	0.55	0.65	0.82	0.54	0.8	0.84	0.77	-0.51	-0.72	-0.86	-0.42	0.67	-0.15	0.8	0.6	-0.88		0.31	-0.94	0.57
Net Invested Capital	0.45	0.52	0.39	0.73	-0.1	0.36	0.15	0.11	0.56	0.26	0.52	0.25	-0.2	-0.41	-0.27	-0.31	-0.54	0.73	-0.08	0.64	0.39	-0.32	0.31		-0.24	0.87
Net Working Capital	-0.71	-0.69	-0.73	-0.06	-0.47	-0.72	-0.56	-0.8	-0.74	-0.45	-0.73	-0.69	-0.73	0.41	0.65	0.67	0.27	-0.5	-0.02	-0.7	-0.43	0.83	-0.94	-0.24		-0.42
Capital Stock	0.61	0.68	0.57	0.7	-0.07	0.53	0.23	0.12	0.74	0.46	0.69	0.52	0.21	-0.58	-0.48	-0.66	-0.73	0.92	-0.28	0.84	0.71	-0.55	0.57	0.87	-0.42

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Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Competition

Predict Golden Ocean

Gross Profit Over Time

According to the company disclosure, Golden Ocean Group reported 551.12 M of gross profit. This is 86.39% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The gross profit for all United States stocks is 97.99% higher than that of the company.

Golden Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Golden Ocean's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Golden Ocean could also be used in its relative valuation, which is a method of valuing Golden Ocean by comparing valuation metrics of similar companies.

Golden Ocean is currently under evaluation in gross profit category among its peers.

Golden Ocean Current Valuation Drivers

We derive many important indicators used in calculating different scores of Golden Ocean from analyzing Golden Ocean's financial statements. These drivers represent accounts that assess Golden Ocean's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Golden Ocean's important valuation drivers and their relationship over time.

		2019	2020	2021	2022	2023	2024 (projected)
Market Cap		887.9M	835.4M	664.7M	1.8B	1.6B	1.7B

Golden Ocean ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Golden Ocean's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Golden Ocean's managers, analysts, and investors.

Environmental

Governance

Social

Golden Fundamentals

	Return On Equity	0.11
	Return On Asset	0.0541
	Profit Margin	0.22 %
	Operating Margin	0.34 %
	Current Valuation	3.72 B
	Shares Outstanding	200.03 M
	Shares Owned By Insiders	39.54 %
	Shares Owned By Institutions	38.89 %
	Number Of Shares Shorted	4.36 M
	Price To Earning	2.55 X
	Price To Book	1.23 X
	Price To Sales	2.46 X
	Revenue	885.77 M
	Gross Profit	551.12 M
	EBITDA	326.75 M
	Net Income	112.27 M
	Cash And Equivalents	163.98 M
	Cash Per Share	0.82 X
	Total Debt	1.47 B
	Debt To Equity	0.69 %
	Current Ratio	1.54 X
	Book Value Per Share	9.65 X
	Cash Flow From Operations	266.34 M
	Short Ratio	3.43 X
	Earnings Per Share	1.07 X
	Price To Earnings To Growth	131.35 X
	Target Price	15.76
	Number Of Employees	38
	Beta	1.23
	Market Capitalization	2.4 B
	Total Asset	3.49 B
	Retained Earnings	339.98 M
	Working Capital	52.73 M
	Current Asset	203.66 M
	Current Liabilities	80.03 M
	Annual Yield	0.10 %
	Net Asset	3.49 B
	Last Dividend Paid	1.0

About Golden Ocean Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Golden Ocean Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Golden Ocean using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Golden Ocean Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Golden Ocean Group is a strong investment it is important to analyze Golden Ocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Golden Ocean's future performance. For an informed investment choice regarding Golden Stock, refer to the following important reports:

How To Invest In Golden

Details

Is Golden Stock a good investment?

Details

What is Golden Ocean's Net Worth?

Details

Largest Marine Transportation Companies

View

Largest Marine Shipping Companies

View

Check out Golden Ocean Piotroski F Score and Golden Ocean Altman Z Score analysis.

You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Ocean. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Ocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.822

Dividend Share

Earnings Share

1.07

Revenue Per Share

4.871

Quarterly Revenue Growth

0.172

The market value of Golden Ocean Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Ocean's value that differs from its market value or its book value, called intrinsic value, which is Golden Ocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Ocean's market value can be influenced by many factors that don't directly affect Golden Ocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Golden Ocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Ocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Golden Ocean Group Stock Gross Profit

Golden Ocean Group Company Gross Profit Analysis

Gross Profit

Revenue

-

Cost of Revenue

Current Golden Ocean Gross Profit

Golden Gross Profit Driver Correlations

Golden Gross Profit Peer Comparison

Golden Ocean Current Valuation Drivers

Golden Ocean ESG Sustainability

Golden Fundamentals

About Golden Ocean Fundamental Analysis

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