Eldorado Historical Income Statement
| EGO Stock | USD 16.56 0.10 0.60% |
Historical analysis of Eldorado Gold income statement accounts such as Total Revenue of 1.1 B or Gross Profit of 539.1 M can show how well Eldorado Gold Corp performed in making a profits. Evaluating Eldorado Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Eldorado Gold's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Eldorado Gold Corp 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 Eldorado Gold Corp is a good buy for the upcoming year.
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About Eldorado Income Statement Analysis
Eldorado Gold Corp 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 Eldorado Gold shareholders. The income statement also shows Eldorado 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).
Eldorado Gold Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Eldorado Gold Corp 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 Eldorado Gold Corp minus its cost of goods sold. It is profit before Eldorado 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 Eldorado Gold Corp. It is also known as Eldorado 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.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from Eldorado Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Eldorado Gold Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Eldorado Gold's Total Operating Expenses is very stable compared to the past year. As of the 24th of November 2024, Income Before Tax is likely to grow to about 171.5 M, while Interest Expense is likely to drop about 29 M.
Eldorado Gold income statement Correlations
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Eldorado Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eldorado Gold income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 171.9K | 233.9M | 201.5M | 234.7M | 273.5M | 287.2M | |
| Interest Expense | 43.4M | 48.5M | 67.7M | 35.2M | 30.5M | 29.0M | |
| Total Revenue | 615.9M | 1.0B | 943.5M | 871.5M | 1.0B | 1.1B | |
| Gross Profit | 128.0M | 334.9M | 292.8M | 171.7M | 513.4M | 539.1M | |
| Other Operating Expenses | 564.8M | 764.2M | 734.4M | 809.5M | 826.5M | 867.8M | |
| Operating Income | 58.8M | 228.7M | 212.9M | 70.8M | 182.0M | 191.1M | |
| Ebit | 214.0M | 270.6M | 223.2M | 45.2M | 197.4M | 153.3M | |
| Ebitda | 214.2M | 504.5M | 424.7M | 279.9M | 471.0M | 494.5M | |
| Cost Of Revenue | 488.0M | 691.8M | 650.7M | 699.8M | 495.1M | 294.8M | |
| Total Operating Expenses | 76.8M | 72.4M | 83.6M | 109.7M | 51.9M | 66.9M | |
| Income Before Tax | 113.5M | 176.5M | 151.1M | 11.9M | 163.4M | 171.5M | |
| Total Other Income Expense Net | 54.6M | (54.2M) | (60.4M) | (29.8M) | (18.6M) | (19.6M) | |
| Net Income | 80.6M | 124.8M | 11.1M | (49.4M) | 104.6M | 109.9M | |
| Income Tax Expense | 39.8M | 79.1M | 140.0M | 61.2M | 57.6M | 33.5M | |
| Selling General Administrative | 42.3M | 42.1M | 46.9M | 53.7M | 50.0M | 48.7M | |
| Net Income Applicable To Common Shares | 80.6M | 104.5M | (136.0M) | (353.8M) | (318.4M) | (302.5M) | |
| Minority Interest | 59.3M | 40.9M | (314K) | 73.0M | 4.2M | 4.0M | |
| Net Income From Continuing Ops | 73.7M | 97.4M | 11.1M | (49.4M) | 55.9M | 58.7M | |
| Tax Provision | 39.8M | 79.1M | 140.0M | 61.2M | 80.0M | 84.0M | |
| Interest Income | 36.0M | 1.3M | 2.8M | 30.8M | 20.4M | 17.0M | |
| Net Interest Income | (40.2M) | (49.4M) | (64.9M) | (26.4M) | (10.5M) | (11.0M) | |
| Reconciled Depreciation | 155.3M | 248.8M | 202.9M | 242.4M | 258.4M | 202.0M |
Pair Trading with Eldorado 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 Eldorado 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
Moving against Eldorado Stock
The ability to find closely correlated positions to Eldorado 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 Eldorado 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 Eldorado 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold Corp 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 Eldorado 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Metals & Mining 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 Eldorado Gold. If investors know Eldorado 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 Eldorado Gold 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 55.667 | Earnings Share 1.41 | Revenue Per Share 5.868 | Quarterly Revenue Growth 0.355 | Return On Assets 0.0386 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold'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 Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold'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 Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold'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.