Gran Cost Of Revenue vs Total Revenue Analysis

GTE Stock  CAD 9.47  0.79  9.10%   
Gran Tierra financial indicator trend analysis is much more than just examining Gran Tierra Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gran Tierra Energy is a good investment. Please check the relationship between Gran Tierra Cost Of Revenue and its Total Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. 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.

Cost Of Revenue vs Total Revenue

Cost Of Revenue vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gran Tierra Energy Cost Of Revenue account and Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gran Tierra's Cost Of Revenue and Total Revenue is 0.54. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Gran Tierra Energy, assuming nothing else is changed. The correlation between historical values of Gran Tierra's Cost Of Revenue and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Gran Tierra Energy are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Cost Of Revenue i.e., Gran Tierra's Cost Of Revenue and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Cost Of Revenue

Cost of Revenue is found on Gran Tierra Energy income statement and represents the costs associated with goods and services Gran Tierra provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Total Revenue

Total revenue comprises all receipts Gran Tierra Energy 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 indicators from Gran Tierra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gran Tierra Energy 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 Gran Tierra Energy. 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.
At this time, Gran Tierra's Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Issuance Of Capital Stock is likely to grow to 2,415, while Selling General Administrative is likely to drop about 38 M.
 2021 2022 2023 2024 (projected)
Gross Profit333.8M531.1M421.4M277.7M
Total Revenue473.7M711.4M637.0M433.5M

Gran Tierra fundamental ratios Correlations

0.50.650.730.770.96-0.10.240.70.450.96-0.010.550.670.70.070.290.20.060.680.430.050.720.730.060.12
0.50.310.45-0.090.640.66-0.560.56-0.170.610.52-0.070.150.65-0.050.87-0.090.470.710.880.470.030.66-0.55-0.65
0.650.310.790.450.6-0.170.140.290.50.590.050.520.310.460.050.170.36-0.180.40.350.240.560.430.180.06
0.730.450.790.40.74-0.05-0.010.70.50.70.180.510.280.610.010.370.2-0.10.560.570.490.530.580.08-0.11
0.77-0.090.450.40.59-0.660.760.310.670.61-0.460.730.670.360.02-0.340.24-0.080.24-0.2-0.450.860.40.460.64
0.960.640.60.740.590.16-0.020.80.211.00.140.310.630.80.190.520.120.10.820.640.210.490.81-0.17-0.12
-0.10.66-0.17-0.05-0.660.16-0.90.26-0.80.150.57-0.74-0.110.250.270.85-0.310.230.440.740.53-0.690.23-0.8-0.84
0.24-0.560.14-0.010.76-0.02-0.9-0.170.690.0-0.720.70.41-0.29-0.28-0.740.2-0.31-0.45-0.66-0.670.73-0.260.810.96
0.70.560.290.70.310.80.26-0.170.080.770.160.150.450.660.10.560.050.060.670.670.410.290.65-0.21-0.25
0.45-0.170.50.50.670.21-0.80.690.080.19-0.320.980.080.07-0.43-0.470.35-0.04-0.12-0.29-0.150.90.090.650.59
0.960.610.590.70.611.00.150.00.770.190.120.290.660.790.240.480.10.10.820.60.160.490.82-0.17-0.1
-0.010.520.050.18-0.460.140.57-0.720.16-0.320.12-0.35-0.380.3-0.10.50.270.180.390.490.67-0.380.26-0.45-0.7
0.55-0.070.520.510.730.31-0.740.70.150.980.29-0.350.190.11-0.45-0.380.290.0-0.07-0.21-0.20.950.150.620.6
0.670.150.310.280.670.63-0.110.410.450.080.66-0.380.190.230.290.08-0.1-0.310.310.14-0.340.460.270.230.41
0.70.650.460.610.360.80.25-0.290.660.070.790.30.110.230.30.550.080.440.930.630.290.210.98-0.48-0.48
0.07-0.050.050.010.020.190.27-0.280.1-0.430.24-0.1-0.450.290.30.15-0.37-0.10.460.14-0.01-0.340.33-0.37-0.25
0.290.870.170.37-0.340.520.85-0.740.56-0.470.480.5-0.380.080.550.15-0.30.360.660.970.5-0.30.52-0.64-0.77
0.2-0.090.360.20.240.12-0.310.20.050.350.10.270.29-0.10.08-0.37-0.3-0.27-0.03-0.210.270.310.040.170.15
0.060.47-0.18-0.1-0.080.10.23-0.310.06-0.040.10.180.0-0.310.44-0.10.36-0.270.380.3-0.13-0.030.48-0.37-0.46
0.680.710.40.560.240.820.44-0.450.67-0.120.820.39-0.070.310.930.460.66-0.030.380.720.350.070.94-0.57-0.57
0.430.880.350.57-0.20.640.74-0.660.67-0.290.60.49-0.210.140.630.140.97-0.210.30.720.57-0.130.6-0.54-0.71
0.050.470.240.49-0.450.210.53-0.670.41-0.150.160.67-0.2-0.340.29-0.010.50.27-0.130.350.57-0.270.25-0.48-0.67
0.720.030.560.530.860.49-0.690.730.290.90.49-0.380.950.460.21-0.34-0.30.31-0.030.07-0.13-0.270.260.60.62
0.730.660.430.580.40.810.23-0.260.650.090.820.260.150.270.980.330.520.040.480.940.60.250.26-0.47-0.44
0.06-0.550.180.080.46-0.17-0.80.81-0.210.65-0.17-0.450.620.23-0.48-0.37-0.640.17-0.37-0.57-0.54-0.480.6-0.470.85
0.12-0.650.06-0.110.64-0.12-0.840.96-0.250.59-0.1-0.70.60.41-0.48-0.25-0.770.15-0.46-0.57-0.71-0.670.62-0.440.85
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Gran Tierra Account Relationship Matchups

Gran Tierra fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.2B1.2B1.3B1.3B1.4B
Short Long Term Debt Total795.2M774.8M654.4M589.6M555.1M548.2M
Other Current Liab47.6M39.9M69.9M20.9M74.7M47.0M
Total Current Liabilities199.3M113.7M228.0M241.6M260.3M167.3M
Total Stockholder Equity1.0B257.0M302.1M417.6M396.4M376.6M
Property Plant And Equipment Net1.6B964.5M995.8M1.1B1.1B985.6M
Net Debt692.2M761.1M628.3M462.7M493.0M517.6M
Retained Earnings(260.3M)(1.0B)(995.8M)(856.7M)(863.0M)(819.9M)
Accounts Payable151.7M70.5M91.1M157.0M122.7M87.4M
Cash8.3M13.7M26.1M126.9M62.1M111.3M
Non Current Assets Total1.8B1.1B1.1B1.2B1.2B1.1B
Non Currrent Assets Other30.0M46.1M30.0M43.1M71.0M74.5M
Cash And Short Term Investments103.0M62.0M26.1M126.9M62.1M120.3M
Net Receivables172.1M3.8M58.7M5.6M12.4M11.7M
Common Stock Shares Outstanding37.7M36.7M367.9M36.9M33.5M31.8M
Liabilities And Stockholders Equity2.0B1.2B1.2B1.3B1.3B1.4B
Non Current Liabilities Total812.7M831.1M659.0M676.4M669.6M372.7M
Inventory516K427K392K1.1M29.0M30.5M
Other Current Assets15.0M68.1M16.6M35.0M8.9M8.5M
Other Stockholder Equity1.3B1.3B1.3B1.3B1.2B1.0B
Total Liab1.0B944.7M887.0M918.0M929.9M540.1M
Property Plant And Equipment Gross1.6B964.5M4.5B4.8B5.0B5.3B
Total Current Assets290.7M133.9M101.8M168.6M112.5M184.1M
Common Stock10.3M10.3M10.3M10.3M9.9M7.8M
Other Liab112.3M56.3M71.6M86.8M78.1M90.7M
Net Tangible Assets930.0M257.0M302.1M417.6M375.8M626.0M
Other Assets74.0M103.4M91.5M38.3M44.1M60.3M
Property Plant Equipment1.6B964.5M995.8M1.1B1.3B1.2B
Short Term Debt94.7M3.3M67.0M4.8M35.6M37.9M
Capital Surpluse1.3B1.3B1.3B1.3B1.5B1.4B
Long Term Debt696.9M771.9M586.0M568.9M493.0M546.9M
Long Term Debt Total700.5M774.8M587.4M589.6M678.0M552.1M
Non Current Liabilities Other4.3M4.1M3.4M7.0M10.9M6.4M
Cash And Equivalents8.3M13.7M26.1M126.9M145.9M153.2M
Net Invested Capital1.7B1.0B888.1M986.5M925.0M934.9M
When determining whether Gran Tierra Energy is a strong investment it is important to analyze Gran Tierra'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 Gran Tierra's future performance. For an informed investment choice regarding Gran Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gran Tierra Energy. 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.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Please note, there is a significant difference between Gran Tierra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gran Tierra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gran Tierra'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.