Gogoro Historical Income Statement
| GGR Stock | USD 0.48 0.02 4.35% |
Historical analysis of Gogoro income statement accounts such as Depreciation And Amortization of 93.2 M or Interest Expense of 11.3 M can show how well Gogoro Inc performed in making a profits. Evaluating Gogoro income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Gogoro's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Gogoro Inc 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 Gogoro Inc is a good buy for the upcoming year.
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About Gogoro Income Statement Analysis
Gogoro Inc 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 Gogoro shareholders. The income statement also shows Gogoro 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).
Gogoro Income Statement Chart
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Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Total Revenue
Total revenue comprises all receipts Gogoro Inc 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.Most accounts from Gogoro's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Gogoro Inc 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 Gogoro Inc. 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, Gogoro's Gross Profit is relatively stable compared to the past year. As of 11/22/2024, Other Operating Expenses is likely to grow to about 521.9 M, while Interest Income is likely to drop slightly above 1.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 94.8M | 94.8M | 98.4M | 93.2M | Interest Income | 625K | 2.9M | 2.8M | 1.8M |
Gogoro income statement Correlations
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Gogoro Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Gogoro
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 Gogoro 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 Gogoro will appreciate offsetting losses from the drop in the long position's value.Moving against Gogoro Stock
| 0.73 | ZK | ZEEKR Intelligent | PairCorr |
| 0.7 | LI | Li Auto | PairCorr |
| 0.56 | DORM | Dorman Products | PairCorr |
| 0.47 | GM | General Motors | PairCorr |
| 0.39 | WKHS | Workhorse Group | PairCorr |
The ability to find closely correlated positions to Gogoro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gogoro 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 Gogoro - 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 Gogoro Inc to buy it.
The correlation of Gogoro 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 Gogoro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gogoro Inc 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 Gogoro 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.Additional Tools for Gogoro Stock Analysis
When running Gogoro's price analysis, check to measure Gogoro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gogoro is operating at the current time. Most of Gogoro's value examination focuses on studying past and present price action to predict the probability of Gogoro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gogoro's price. Additionally, you may evaluate how the addition of Gogoro to your portfolios can decrease your overall portfolio volatility.