Orezone Historical Income Statement
| ORE Stock | 0.73 0.01 1.35% |
Historical analysis of Orezone Gold income statement accounts such as Gross Profit of 153.2 M can show how well Orezone Gold Corp performed in making a profits. Evaluating Orezone Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Orezone Gold's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Orezone Gold Corp 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 Orezone Gold Corp is a good buy for the upcoming year.
Orezone |
About Orezone Income Statement Analysis
Orezone Gold Corp 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 Orezone Gold shareholders. The income statement also shows Orezone 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).
Orezone Gold Income Statement Chart
Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Orezone Gold Corp. It is also known as Orezone 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.Most accounts from Orezone Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Orezone Gold Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orezone Gold Corp. 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, Orezone Gold's EBIT is very stable compared to the past year. As of the 1st of February 2025, EBITDA is likely to grow to about 134.6 M, though Total Other Income Expense Net is likely to grow to (16.3 M).
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 1.7M | 14.9M | 17.1M | 17.9M | Depreciation And Amortization | 2.9M | 29.6M | 34.0M | 35.7M |
Orezone Gold income statement Correlations
Click cells to compare fundamentals
Orezone Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Orezone Gold income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 777.7K | 85.4K | 2.9M | 29.6M | 34.0M | 35.7M | |
| Interest Expense | 18.1K | 28.8K | 1.7M | 14.9M | 17.1M | 17.9M | |
| Other Operating Expenses | 19.3M | 8.6M | 42.1M | 189.6M | 218.0M | 228.9M | |
| Operating Income | (19.2M) | (8.4M) | 1.4M | 81.9M | 94.2M | 98.9M | |
| Ebit | (19.1M) | (8.6M) | 1.4M | 81.9M | 94.2M | 98.9M | |
| Ebitda | (18.3M) | (8.5M) | 4.2M | 111.5M | 128.2M | 134.6M | |
| Total Operating Expenses | 19.3M | 8.3M | 15.4M | 44.9M | 51.7M | 54.3M | |
| Income Before Tax | (19.1M) | (18.7M) | 1.9M | 62.9M | 56.6M | 59.4M | |
| Total Other Income Expense Net | 80.9K | (10.3M) | 596K | (19.1M) | (17.2M) | (16.3M) | |
| Net Income | (17.7M) | (18.6M) | 3.2M | 43.1M | 38.8M | 40.8M | |
| Income Tax Expense | (1.4M) | (118.3K) | (1.3M) | 13.2M | 15.2M | 16.0M | |
| Selling General Administrative | 3.9M | 6.7M | 7.3M | 7.3M | 8.4M | 5.2M | |
| Interest Income | 242.6K | 10.1M | 596.4K | 809K | 930.4K | 1.7M | |
| Net Income Applicable To Common Shares | (20.8M) | (17.6M) | (18.6M) | 930.0K | 837.0K | 878.8K | |
| Net Interest Income | 143.6K | 144.4K | (1.7M) | (15.0M) | (13.5M) | (12.8M) | |
| Net Income From Continuing Ops | (19.1M) | (18.7M) | 1.9M | 49.6M | 57.1M | 59.9M | |
| Cost Of Revenue | 4.1M | 257.8K | 26.8M | 144.6M | 166.3M | 174.7M | |
| Reconciled Depreciation | 847.8K | 257.8K | 2.9M | 29.8M | 34.3M | 36.0M | |
| Minority Interest | 1.5M | 147.1K | (956.2K) | (6.5M) | (5.8M) | (5.5M) |
Pair Trading with Orezone 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 Orezone 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 Orezone Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Orezone Stock
The ability to find closely correlated positions to Orezone 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 Orezone 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 Orezone 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 Orezone Gold Corp to buy it.
The correlation of Orezone 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 Orezone Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orezone Gold Corp 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 Orezone 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.Other Information on Investing in Orezone Stock
Orezone Gold Corp 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 Orezone Gold shareholders. The income statement also shows Orezone 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).