GoldMining Historical Income Statement
| GLDG Stock | USD 0.89 0.03 3.26% |
Historical analysis of GoldMining income statement accounts such as Other Operating Expenses of 30.5 M or Cost Of Revenue of 274.9 K can show how well GoldMining performed in making a profits. Evaluating GoldMining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of GoldMining's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining GoldMining 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 GoldMining is a good buy for the upcoming year.
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About GoldMining Income Statement Analysis
GoldMining 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 GoldMining shareholders. The income statement also shows GoldMining 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).
GoldMining 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 GoldMining. It is also known as GoldMining 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.Cost Of Revenue
Cost of Revenue is found on GoldMining income statement and represents the costs associated with goods and services GoldMining 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 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.Most accounts from GoldMining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into GoldMining 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 GoldMining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.At this time, GoldMining's Other Operating Expenses is most likely to increase significantly in the upcoming years. The GoldMining's current Cost Of Revenue is estimated to increase to about 274.9 K, while Operating Income is forecasted to increase to (27.6 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 14.8M | 25.3M | 29.1M | 30.5M | Cost Of Revenue | 210K | 237K | 213.3K | 274.9K |
GoldMining income statement Correlations
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GoldMining Account Relationship Matchups
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GoldMining income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 2.8K | 145.7K | 1.7M | 1.3M | 1.5M | 1.5M | |
| Selling General Administrative | 8.9M | 9.4M | 11.7M | 13.8M | 15.9M | 16.7M | |
| Gross Profit | (275.2K) | (185.6K) | (210K) | (237K) | (272.6K) | (286.2K) | |
| Other Operating Expenses | 10.9M | 12.0M | 15.0M | 25.3M | 29.1M | 30.5M | |
| Operating Income | (10.9M) | 108.7M | (13.7M) | (25.3M) | (29.1M) | (27.6M) | |
| Ebit | (10.8M) | (12.1M) | (13.7M) | (25.2M) | (22.6M) | (21.5M) | |
| Ebitda | (10.5M) | (12.0M) | (13.5M) | (23.2M) | (20.9M) | (19.8M) | |
| Cost Of Revenue | 275.2K | 185.6K | 210K | 237K | 213.3K | 274.9K | |
| Total Operating Expenses | 10.6M | 11.8M | 14.8M | 25.3M | 29.1M | 30.5M | |
| Income Before Tax | (11.1M) | 109.2M | (14.4M) | (25.5M) | (29.4M) | (27.9M) | |
| Net Income | (11.1M) | 100.4M | (13.2M) | (28.8M) | (33.1M) | (31.4M) | |
| Depreciation And Amortization | 288.4K | 189.4K | 229K | 2.0M | 2.2M | 2.4M | |
| Total Other Income Expense Net | (214.3K) | 502K | (747K) | (275K) | (247.5K) | (235.1K) | |
| Net Income From Continuing Ops | (11.1M) | 100.2M | (13.2M) | (30.4M) | (35.0M) | (33.3M) | |
| Net Income Applicable To Common Shares | (6.2M) | (11.1M) | 100.4M | (13.2M) | (15.2M) | (14.4M) | |
| Income Tax Expense | (2.3K) | 9.0M | (1.2M) | 4.9M | 5.6M | 5.9M | |
| Net Interest Income | 70.8K | (138.1K) | (1.7M) | (609K) | (548.1K) | (520.7K) | |
| Interest Income | 73.6K | 7.6K | 53K | 657K | 755.6K | 793.3K | |
| Reconciled Depreciation | 275.2K | 185.6K | 210K | 202K | 181.8K | 188.1K |
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When determining whether GoldMining is a strong investment it is important to analyze GoldMining'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 GoldMining's future performance. For an informed investment choice regarding GoldMining 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 GoldMining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more detail on how to invest in GoldMining Stock please use our How to Invest in GoldMining guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Diversified Metals & Mining 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 GoldMining. If investors know GoldMining 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 GoldMining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.09) | Return On Assets (0.12) | Return On Equity (0.21) |
The market value of GoldMining is measured differently than its book value, which is the value of GoldMining that is recorded on the company's balance sheet. Investors also form their own opinion of GoldMining's value that differs from its market value or its book value, called intrinsic value, which is GoldMining'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 GoldMining's market value can be influenced by many factors that don't directly affect GoldMining'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 GoldMining's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoldMining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoldMining'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.