Torex Historical Income Statement
| TXG Stock | CAD 28.63 0.09 0.32% |
Historical analysis of Torex Gold income statement accounts such as Operating Income of 267.2 M, Ebit of 267.2 M, EBITDA of 479.7 M or Total Operating Expenses of 22.2 M can show how well Torex Gold Resources performed in making a profits. Evaluating Torex Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Torex Gold's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Torex Gold Resources 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 Torex Gold Resources is a good buy for the upcoming year.
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About Torex Income Statement Analysis
Torex Gold Resources 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 Torex Gold shareholders. The income statement also shows Torex 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).
Torex 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 Torex Gold Resources. It is also known as Torex 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 Torex Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Torex Gold Resources 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 Torex Gold 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, Torex Gold's Income Before Tax is very stable compared to the past year. As of the 27th of November 2024, Net Income is likely to grow to about 214.6 M, while Interest Expense is likely to drop 0.00.
Torex Gold income statement Correlations
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Torex Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Torex Gold income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 195.9M | 224M | 198.7M | 201.5M | 202.4M | 212.5M | |
| Interest Expense | 30.6M | 30.9M | 1M | 200K | 400K | 100K | |
| Selling General Administrative | 20.1M | 20.9M | 20.4M | 24.1M | 24.4M | 25.6M | |
| Other Operating Expenses | 504.4M | 558.3M | 558M | 598.8M | 633.2M | 664.9M | |
| Operating Income | 119.8M | 218.1M | 298.5M | 276.5M | 254.5M | 267.2M | |
| Ebit | 119.8M | 218.1M | 298.5M | 276.5M | 254.5M | 267.2M | |
| Ebitda | 315.7M | 442.1M | 497.2M | 478M | 456.9M | 479.7M | |
| Total Operating Expenses | 24.5M | 26.3M | 28.7M | 34.2M | 33.1M | 22.2M | |
| Income Before Tax | 118M | 175.1M | 261.1M | 286.5M | 230.4M | 241.9M | |
| Total Other Income Expense Net | (1.8M) | (43M) | (37.4M) | 10M | (30.8M) | (29.3M) | |
| Net Income | 71.2M | 109M | 151.7M | 188.8M | 204.4M | 214.6M | |
| Income Tax Expense | 46.8M | 66.1M | 109.4M | 97.7M | 26M | 20.1M | |
| Total Revenue | 640.8M | 789.2M | 855.8M | 868.5M | 882.6M | 926.7M | |
| Gross Profit | 160.9M | 257.2M | 326.5M | 303.9M | 282.5M | 296.6M | |
| Net Income From Continuing Ops | 71.2M | 109M | 151.7M | 188.8M | 204.4M | 214.6M | |
| Cost Of Revenue | 479.9M | 532M | 529.3M | 564.6M | 600.1M | 349.4M | |
| Net Income Applicable To Common Shares | 71.2M | 109M | 151.7M | 188.8M | 217.1M | 228.0M | |
| Tax Provision | 46.8M | 66.1M | 109.4M | 97.7M | 26M | 50.2M | |
| Interest Income | 18.4M | 55.8M | 4.5M | 16.8M | 13.8M | 20.5M | |
| Net Interest Income | (17.6M) | (13M) | 300K | 6.7M | 11.8M | 12.4M | |
| Reconciled Depreciation | 195.9M | 224M | 198.7M | 201.5M | 202.4M | 190.9M |
Pair Trading with Torex 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 Torex 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 Torex Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Torex Stock
| 0.86 | AG | First Majestic Silver | PairCorr |
| 0.86 | IE | Ivanhoe Energy | PairCorr |
| 0.85 | FDY | Faraday Copper Corp | PairCorr |
Moving against Torex Stock
The ability to find closely correlated positions to Torex 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 Torex 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 Torex 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 Torex Gold Resources to buy it.
The correlation of Torex 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 Torex Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Torex Gold 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 Torex 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 Torex Stock
Torex Gold Resources 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 Torex Gold shareholders. The income statement also shows Torex 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).