GoGold Historical Financial Ratios
| GGD Stock | CAD 1.54 0.03 1.99% |
GoGold Resources is recently reporting on over 94 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.73 or Days Sales Outstanding of 127 will help investors to properly organize and evaluate GoGold Resources financial condition quickly.
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About GoGold Financial Ratios Analysis
GoGold ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate GoGold Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on GoGold financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across GoGold Resources history.
GoGold Resources Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing GoGold Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on GoGold Resources sales, a figure that is much harder to manipulate than other GoGold Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most ratios from GoGold Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into GoGold Resources current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 GoGold Resources. 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, GoGold Resources' ROIC is very stable compared to the past year. As of the 1st of February 2025, Net Income Per Share is likely to grow to 0.01, while Price To Sales Ratio is likely to drop 5.62.
| 2022 | 2023 | 2024 | 2025 (projected) | Days Sales Outstanding | 35.28 | 134.09 | 120.68 | 126.71 | PTB Ratio | 1.0 | 0.8 | 0.92 | 1.73 |
GoGold Resources fundamentals Correlations
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GoGold Resources Account Relationship Matchups
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GoGold Resources fundamentals Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Price To Sales Ratio | 11.08 | 9.11 | 9.28 | 6.26 | 5.64 | 5.62 | |
| Ptb Ratio | 2.86 | 1.37 | 1.0 | 0.8 | 0.92 | 1.73 | |
| Days Sales Outstanding | 78.61 | 36.61 | 35.28 | 134.09 | 120.68 | 126.71 | |
| Book Value Per Share | 0.76 | 0.83 | 0.89 | 1.18 | 1.06 | 1.11 | |
| Free Cash Flow Yield | 0.0205 | (0.003603) | (0.0301) | (0.052) | (0.0468) | (0.0491) | |
| Operating Cash Flow Per Share | 0.0458 | (0.003391) | (0.0235) | (0.0442) | (0.0398) | (0.0418) | |
| Stock Based Compensation To Revenue | 0.0331 | 0.0541 | 0.0627 | 0.0694 | 0.0625 | 0.0656 | |
| Capex To Depreciation | 0.32 | (0.071) | 0.0332 | 0.05 | 0.0575 | 0.0547 | |
| Pb Ratio | 2.86 | 1.37 | 1.0 | 0.8 | 0.92 | 1.73 | |
| Ev To Sales | 9.84 | 7.11 | 6.16 | 4.29 | 4.93 | 7.38 | |
| Free Cash Flow Per Share | 0.0448 | (0.004114) | (0.0268) | (0.0492) | (0.0443) | (0.0465) | |
| Roic | 0.0315 | 9.96E-4 | (0.0322) | 0.002352 | 0.002117 | 0.002223 | |
| Inventory Turnover | 3.32 | 3.65 | 2.59 | 2.34 | 1.11 | 1.0 | |
| Net Income Per Share | 0.0262 | 0.002404 | (0.025) | 0.006539 | 0.005885 | 0.00618 | |
| Days Of Inventory On Hand | 100.09 | 140.74 | 155.7 | 327.68 | 376.83 | 303.86 | |
| Payables Turnover | 4.43 | 7.42 | 5.48 | 2.82 | 2.54 | 3.66 | |
| Sales General And Administrative To Revenue | 0.17 | 0.13 | 0.14 | 0.22 | 0.25 | 0.23 | |
| Capex To Revenue | 0.00526 | 0.005769 | 0.0343 | 0.033 | 0.0379 | 0.036 | |
| Pocfratio | 47.62 | (336.7) | (37.85) | (21.41) | (24.62) | (25.85) | |
| Interest Coverage | 20.47 | 4.55 | (18.59) | 5.48 | 4.94 | 5.18 | |
| Capex To Operating Cash Flow | 0.38 | 0.0226 | (0.21) | (0.14) | (0.11) | (0.1) | |
| Pfcf Ratio | 48.72 | (277.55) | (33.21) | (19.24) | (22.12) | (23.23) | |
| Days Payables Outstanding | 82.35 | 49.17 | 66.64 | 129.33 | 148.73 | 161.37 | |
| Income Quality | 1.75 | (1.41) | 0.94 | (6.76) | (7.77) | (7.38) | |
| Roe | 0.0343 | 0.002879 | (0.028) | 0.005554 | 0.004998 | 0.005248 | |
| Ev To Operating Cash Flow | 42.3 | (262.6) | (25.12) | (14.66) | (16.86) | (17.7) | |
| Pe Ratio | 83.29 | 474.88 | (35.59) | 144.66 | 130.2 | 136.71 | |
| Return On Tangible Assets | 0.0314 | 0.002614 | (0.0261) | 0.005057 | 0.004551 | 0.004779 | |
| Ev To Free Cash Flow | 43.28 | (216.47) | (22.04) | (13.17) | (15.15) | (15.91) | |
| Earnings Yield | 0.012 | 0.002106 | (0.0281) | 0.006913 | 0.006221 | 0.006532 | |
| Net Debt To E B I T D A | (4.78) | (10.69) | 15.15 | (6.73) | (7.74) | (7.36) | |
| Current Ratio | 8.25 | 7.55 | 9.03 | 6.95 | 8.0 | 11.75 | |
| Tangible Book Value Per Share | 0.76 | 0.83 | 0.89 | 1.18 | 1.06 | 1.11 | |
| Receivables Turnover | 4.64 | 9.97 | 10.35 | 2.72 | 3.13 | 2.97 | |
| Shareholders Equity Per Share | 0.76 | 0.83 | 0.89 | 1.18 | 1.06 | 1.11 | |
| Debt To Equity | 0.009893 | 0.004649 | 0.004265 | 0.002753 | 0.003165 | 0.003007 |
Pair Trading with GoGold Resources
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 GoGold Resources 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 GoGold Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with GoGold Stock
Moving against GoGold Stock
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| 0.37 | AMZN | Amazon CDR | PairCorr |
| 0.37 | SPRX | Sparx Technology | PairCorr |
The ability to find closely correlated positions to GoGold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoGold Resources 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 GoGold Resources - 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 GoGold Resources to buy it.
The correlation of GoGold Resources 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 GoGold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoGold Resources 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 GoGold Resources 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.Other Information on Investing in GoGold Stock
GoGold ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate GoGold Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on GoGold financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across GoGold Resources history.