Sandstorm Historical Income Statement
| SSL Stock | CAD 8.12 0.08 0.98% |
Historical analysis of Sandstorm Gold income statement accounts such as EBIT of 90.7 M, Ebitda of 170.5 M, Total Operating Expenses of 10.6 M or Net Income of 43.8 M can show how well Sandstorm Gold Ltd performed in making a profits. Evaluating Sandstorm Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sandstorm Gold's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Sandstorm Gold 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 Sandstorm Gold is a good buy for the upcoming year.
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About Sandstorm Income Statement Analysis
Sandstorm Gold 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 Sandstorm Gold shareholders. The income statement also shows Sandstorm 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).
Sandstorm Gold Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Sandstorm Gold. It is also known as Sandstorm 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Total Revenue
Total revenue comprises all receipts Sandstorm Gold 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 Sandstorm Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sandstorm Gold 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. 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, Sandstorm Gold's Depreciation And Amortization is very stable compared to the past year. As of the 1st of December 2024, Income Before Tax is likely to grow to about 49.3 M, while Selling General Administrative is likely to drop about 7.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 62.3M | 65.6M | 150.8M | 158.3M | Total Revenue | 114.9M | 148.7M | 179.6M | 188.6M |
Sandstorm Gold income statement Correlations
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Sandstorm Gold Account Relationship Matchups
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High Negative Relationship
Sandstorm Gold income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.5M | 2.1M | 2.1M | 17.3M | 39.5M | 41.5M | |
| Selling General Administrative | 8.3M | 8.3M | 10.2M | 13.4M | 14.4M | 7.3M | |
| Other Operating Expenses | 70.3M | 61.0M | 70.5M | 104.0M | 43.2M | 47.4M | |
| Operating Income | 19.8M | 31.8M | 43.8M | 41.9M | 136.4M | 143.3M | |
| Ebit | 16.5M | 26.4M | 47.0M | 41.9M | 86.4M | 90.7M | |
| Ebitda | 56.3M | 60.0M | 83.2M | 102.2M | 162.4M | 170.5M | |
| Total Operating Expenses | 14.2M | 13.9M | 18.0M | 20.8M | 14.4M | 10.6M | |
| Net Income | 16.4M | 13.8M | 27.6M | 78.4M | 41.7M | 43.8M | |
| Income Tax Expense | 6.6M | 10.5M | 17.2M | 9.3M | 4.2M | 3.5M | |
| Depreciation And Amortization | 39.9M | 33.6M | 36.2M | 60.2M | 75.9M | 79.7M | |
| Income Before Tax | 23.0M | 24.3M | 44.9M | 87.8M | 46.9M | 49.3M | |
| Total Other Income Expense Net | (34.0M) | (40.8M) | (35.2M) | (16.8M) | (89.5M) | (85.0M) | |
| Total Revenue | 89.4M | 93.0M | 114.9M | 148.7M | 179.6M | 188.6M | |
| Gross Profit | 33.3M | 45.9M | 62.3M | 65.6M | 150.8M | 158.3M | |
| Cost Of Revenue | 56.1M | 47.2M | 52.5M | 83.1M | 28.8M | 44.7M | |
| Net Income From Continuing Ops | 16.4M | 13.8M | 27.6M | 78.5M | 42.7M | 44.8M | |
| Net Income Applicable To Common Shares | 16.4M | 13.8M | 27.6M | 78.4M | 90.1M | 94.6M | |
| Tax Provision | 6.6M | 10.5M | 17.2M | 9.3M | 4.2M | 8.4M | |
| Net Interest Income | (2.7M) | (1.8M) | (1.7M) | (16.5M) | (39.5M) | (37.5M) | |
| Interest Income | 756K | 315K | 481K | 809K | 728.1K | 657.9K | |
| Reconciled Depreciation | 38.3M | 33.6M | 36.2M | 60.2M | 75.9M | 47.9M |
Pair Trading with Sandstorm 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 Sandstorm 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 Sandstorm Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Sandstorm Stock
Moving against Sandstorm Stock
The ability to find closely correlated positions to Sandstorm 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 Sandstorm 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 Sandstorm 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 Sandstorm Gold Ltd to buy it.
The correlation of Sandstorm 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 Sandstorm Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sandstorm Gold 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 Sandstorm 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sandstorm Gold Ltd. 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.