Golden Retained Earnings vs Common Stock Shares Outstanding Analysis

GOGL Stock

USD 11.14 0.05 0.45%

Golden Ocean financial indicator trend analysis is much more than just examining Golden Ocean Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Ocean Group is a good investment. Please check the relationship between Golden Ocean Retained Earnings and its Common Stock Shares Outstanding accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. 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.

Retained Earnings vs Common Stock Shares Outstanding

Retained Earnings vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Ocean Group Retained Earnings account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Golden Ocean's Retained Earnings and Common Stock Shares Outstanding is 0.19. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Golden Ocean Group, assuming nothing else is changed. The correlation between historical values of Golden Ocean's Retained Earnings and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Golden Ocean Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Retained Earnings i.e., Golden Ocean's Retained Earnings and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.19

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Golden Ocean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Ocean Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Golden Ocean Group. 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, Golden Ocean's Selling General Administrative is quite stable compared to the past year. Enterprise Value is expected to rise to about 1.7 B this year, although the value of Discontinued Operations will most likely fall to (311.5 K).

	2021	2022	2023	2024 (projected)
Interest Expense	39.9M	56.2M	103.7M	108.8M
Depreciation And Amortization	123.7M	129.8M	135.5M	142.3M

Interest Expense Depreciation And Amortization

Golden Ocean fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Inventory	Other Assets	Long Term Debt
Total Assets		0.99	0.89	0.75	0.99	1.0	0.99	0.01	0.55	1.0	0.28	0.55	0.6	0.96	0.95	0.98	0.73	0.84	0.99	0.97	0.76	0.55	0.95	0.95	0.26	0.82
Short Long Term Debt Total	0.99		0.86	0.77	0.96	0.98	0.99	-0.1	0.6	0.98	0.37	0.6	0.68	0.96	0.92	0.98	0.78	0.86	1.0	0.95	0.8	0.58	0.92	0.9	0.26	0.84
Other Current Liab	0.89	0.86		0.63	0.9	0.91	0.89	0.14	0.33	0.9	0.05	0.33	0.45	0.86	0.91	0.87	0.61	0.73	0.87	0.86	0.62	0.41	0.89	0.92	0.34	0.74
Total Current Liabilities	0.75	0.77	0.63		0.72	0.73	0.74	-0.14	0.64	0.73	0.21	0.64	0.63	0.77	0.73	0.65	0.69	0.7	0.78	0.69	0.78	0.95	0.7	0.69	0.05	0.55
Total Stockholder Equity	0.99	0.96	0.9	0.72		0.99	0.97	0.11	0.49	0.99	0.22	0.49	0.52	0.94	0.95	0.96	0.67	0.8	0.97	0.98	0.71	0.51	0.96	0.97	0.27	0.79
Property Plant And Equipment Net	1.0	0.98	0.91	0.73	0.99		0.99	0.06	0.49	1.0	0.23	0.49	0.56	0.95	0.96	0.97	0.69	0.81	0.98	0.98	0.71	0.52	0.96	0.96	0.27	0.8
Net Debt	0.99	0.99	0.89	0.74	0.97	0.99		-0.02	0.49	0.99	0.31	0.49	0.65	0.95	0.93	0.98	0.74	0.82	0.99	0.97	0.72	0.52	0.93	0.92	0.29	0.81
Retained Earnings	0.01	-0.1	0.14	-0.14	0.11	0.06	-0.02		-0.53	0.05	-0.66	-0.53	-0.51	-0.02	0.19	-0.07	-0.48	-0.44	-0.09	0.17	-0.42	-0.24	0.21	0.27	0.06	-0.28
Cash	0.55	0.6	0.33	0.64	0.49	0.49	0.49	-0.53		0.49	0.52	1.0	0.59	0.59	0.48	0.53	0.66	0.73	0.59	0.4	0.93	0.67	0.46	0.38	-0.11	0.67
Non Current Assets Total	1.0	0.98	0.9	0.73	0.99	1.0	0.99	0.05	0.49		0.26	0.49	0.58	0.95	0.95	0.98	0.7	0.82	0.98	0.98	0.72	0.51	0.95	0.95	0.28	0.81
Non Currrent Assets Other	0.28	0.37	0.05	0.21	0.22	0.23	0.31	-0.66	0.52	0.26		0.52	0.72	0.19	0.04	0.36	0.7	0.51	0.35	0.16	0.49	0.22	0.04	0.03	0.33	0.43
Cash And Short Term Investments	0.55	0.6	0.33	0.64	0.49	0.49	0.49	-0.53	1.0	0.49	0.52		0.59	0.59	0.48	0.53	0.66	0.73	0.59	0.4	0.93	0.67	0.46	0.38	-0.11	0.67
Net Receivables	0.6	0.68	0.45	0.63	0.52	0.56	0.65	-0.51	0.59	0.58	0.72	0.59		0.59	0.45	0.63	0.95	0.74	0.67	0.49	0.73	0.58	0.43	0.38	0.15	0.64
Common Stock Total Equity	0.96	0.96	0.86	0.77	0.94	0.95	0.95	-0.02	0.59	0.95	0.19	0.59	0.59		0.97	0.94	0.7	0.8	0.97	0.94	0.78	0.57	0.97	0.9	0.02	0.79
Common Stock Shares Outstanding	0.95	0.92	0.91	0.73	0.95	0.96	0.93	0.19	0.48	0.95	0.04	0.48	0.45	0.97		0.91	0.59	0.72	0.93	0.95	0.69	0.52	0.99	0.97	0.09	0.74
Non Current Liabilities Total	0.98	0.98	0.87	0.65	0.96	0.97	0.98	-0.07	0.53	0.98	0.36	0.53	0.63	0.94	0.91		0.74	0.84	0.98	0.95	0.73	0.42	0.92	0.89	0.28	0.85
Other Current Assets	0.73	0.78	0.61	0.69	0.67	0.69	0.74	-0.48	0.66	0.7	0.7	0.66	0.95	0.7	0.59	0.74		0.88	0.78	0.6	0.83	0.62	0.55	0.55	0.21	0.78
Other Stockholder Equity	0.84	0.86	0.73	0.7	0.8	0.81	0.82	-0.44	0.73	0.82	0.51	0.73	0.74	0.8	0.72	0.84	0.88		0.86	0.72	0.9	0.61	0.69	0.7	0.22	0.93
Total Liab	0.99	1.0	0.87	0.78	0.97	0.98	0.99	-0.09	0.59	0.98	0.35	0.59	0.67	0.97	0.93	0.98	0.78	0.86		0.95	0.79	0.58	0.93	0.9	0.25	0.84
Property Plant And Equipment Gross	0.97	0.95	0.86	0.69	0.98	0.98	0.97	0.17	0.4	0.98	0.16	0.4	0.49	0.94	0.95	0.95	0.6	0.72	0.95		0.62	0.46	0.97	0.95	0.26	0.74
Total Current Assets	0.76	0.8	0.62	0.78	0.71	0.71	0.72	-0.42	0.93	0.72	0.49	0.93	0.73	0.78	0.69	0.73	0.83	0.9	0.79	0.62		0.74	0.66	0.61	0.04	0.85
Short Term Debt	0.55	0.58	0.41	0.95	0.51	0.52	0.52	-0.24	0.67	0.51	0.22	0.67	0.58	0.57	0.52	0.42	0.62	0.61	0.58	0.46	0.74		0.48	0.48	-0.02	0.43
Common Stock	0.95	0.92	0.89	0.7	0.96	0.96	0.93	0.21	0.46	0.95	0.04	0.46	0.43	0.97	0.99	0.92	0.55	0.69	0.93	0.97	0.66	0.48		0.96	0.09	0.73
Inventory	0.95	0.9	0.92	0.69	0.97	0.96	0.92	0.27	0.38	0.95	0.03	0.38	0.38	0.9	0.97	0.89	0.55	0.7	0.9	0.95	0.61	0.48	0.96		0.25	0.72
Other Assets	0.26	0.26	0.34	0.05	0.27	0.27	0.29	0.06	-0.11	0.28	0.33	-0.11	0.15	0.02	0.09	0.28	0.21	0.22	0.25	0.26	0.04	-0.02	0.09	0.25		0.28
Long Term Debt	0.82	0.84	0.74	0.55	0.79	0.8	0.81	-0.28	0.67	0.81	0.43	0.67	0.64	0.79	0.74	0.85	0.78	0.93	0.84	0.74	0.85	0.43	0.73	0.72	0.28

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Golden Ocean Account Relationship Matchups

Golden Ocean fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	2.7B	3.5B	3.3B	3.5B	3.7B
Short Long Term Debt Total	1.3B	1.2B	1.4B	1.2B	1.5B	1.5B
Other Current Liab	71.5M	67.5M	89.4M	86.0M	61.6M	64.7M
Total Current Liabilities	233.4M	241.7M	248.1M	211.6M	226.2M	237.5M
Total Stockholder Equity	1.5B	1.4B	1.9B	1.9B	1.9B	2.0B
Property Plant And Equipment Net	2.6B	2.4B	3.0B	2.9B	3.1B	3.3B
Net Debt	1.3B	1.1B	1.2B	1.1B	1.4B	1.4B
Retained Earnings	(228.7M)	(366.7M)	160.1M	328.9M	340.0M	357.0M
Cash	88.9M	153.1M	197.0M	134.8M	118.6M	88.6M
Non Current Assets Total	2.7B	2.4B	3.1B	3.0B	3.2B	3.4B
Non Currrent Assets Other	81.9M	16.2M	8.9M	35.8M	15.7M	27.8M
Cash And Short Term Investments	88.9M	153.1M	197.0M	134.8M	118.6M	88.6M
Net Receivables	113.2M	35.8M	43.3M	29.6M	45.5M	31.2M
Common Stock Shares Outstanding	143.9M	143.6M	193.0M	201.2M	200.5M	210.5M
Liabilities And Stockholders Equity	3.0B	2.7B	3.5B	3.3B	3.5B	3.7B
Non Current Liabilities Total	1.2B	1.1B	1.3B	1.1B	1.3B	1.4B
Other Current Assets	168.7M	66.8M	81.4M	87.1M	76.2M	42.1M
Other Stockholder Equity	1.7B	1.7B	1.8B	1.6B	1.6B	844.8M
Total Liab	1.5B	1.4B	1.5B	1.3B	1.6B	1.6B
Property Plant And Equipment Gross	2.6B	2.4B	3.0B	2.9B	3.8B	4.0B
Total Current Assets	273.1M	284.5M	369.4M	299.1M	278.9M	156.5M
Short Term Debt	119.7M	155.6M	151.8M	118.1M	131.7M	68.8M
Inventory	28.2M	25.2M	43.4M	45.4M	40.9M	42.9M
Other Assets	19.0M	16.2M	50.3M	35.8M	32.2M	26.3M
Long Term Debt	1.0B	957.7M	1.2B	1.0B	1.3B	650.6M
Property Plant Equipment	2.6B	2.4B	3.0B	2.9B	3.3B	3.4B
Current Deferred Revenue	29.8M	25.9M	36.1M	32.8M	22.8M	12.8M
Accounts Payable	12.4M	18.4M	6.5M	7.1M	9.5M	5.6M
Short Term Investments	12.0M	13.9M	3.7M	1.7M	2.2M	0.0
Long Term Investments	21.5M	16.4M	41.3M	65.4M	58.5M	61.5M
Short Long Term Debt	87.8M	87.8M	105.9M	92.9M	109.3M	107.3M
Net Tangible Assets	1.5B	1.4B	1.9B	1.9B	2.2B	1.6B

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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

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Is Golden Stock a good investment?

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What is Golden Ocean's Net Worth?

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Largest Marine Transportation Companies

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Largest Marine Shipping Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

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 Retained Earnings vs Common Stock Shares Outstanding Analysis

Retained Earnings vs Common Stock Shares Outstanding

Retained Earnings vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Retained Earnings

Common Stock Shares Outstanding

Golden Ocean fundamental ratios Correlations

Golden Ocean Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Golden Ocean fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.66	Retained Earnings
Cash And Short Term Investments	- 0.53	Retained Earnings
Cash	- 0.53	Retained Earnings
Net Receivables	- 0.51	Retained Earnings
Other Current Assets	- 0.48	Retained Earnings
Other Stockholder Equity	- 0.44	Retained Earnings