China Historical Income Statement
| CGG Stock | CAD 8.30 0.19 2.24% |
Historical analysis of China Gold income statement accounts such as Interest Expense of 15.5 M, Selling General Administrative of 20.7 M or Total Revenue of 475.7 M can show how well China Gold International performed in making a profits. Evaluating China Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of China Gold's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining China Gold International 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 China Gold International is a good buy for the upcoming year.
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About China Income Statement Analysis
China Gold International 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 China Gold shareholders. The income statement also shows China 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).
China Gold Income Statement Chart
China Gold International Income Statement is one of the three primary financial statements used for reporting China's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of China Gold International revenue and expense. China Gold Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, China Gold's Total Operating Expenses is very stable compared to the past year. As of the 23rd of April 2024, Income Tax Expense is likely to grow to about 60.2 M, while Interest Expense is likely to drop about 15.5 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts China Gold International 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of China Gold International minus its cost of goods sold. It is profit before China Gold operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of China Gold International. It is also known as China 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.Most accounts from China Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into China Gold International 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, China Gold's Total Operating Expenses is very stable compared to the past year. As of the 23rd of April 2024, Income Tax Expense is likely to grow to about 60.2 M, while Interest Expense is likely to drop about 15.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 30.6M | 25.4M | 21.2M | 15.5M | Depreciation And Amortization | 176.5M | 211.8M | 243.6M | 255.7M |
China Gold income statement Correlations
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China Gold Account Relationship Matchups
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High Negative Relationship
China Gold income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 173.8M | 194.6M | 176.5M | 211.8M | 243.6M | 255.7M | |
| Interest Expense | 40.3M | 39.6M | 30.6M | 25.4M | 21.2M | 15.5M | |
| Selling General Administrative | 45.3M | 32.5M | 39.3M | 44.3M | 31.3M | 20.7M | |
| Total Revenue | 657.5M | 864.0M | 1.1B | 1.1B | 459.4M | 475.7M | |
| Gross Profit | 59.6M | 205.7M | 399.5M | 387.0M | 72.7M | 129.2M | |
| Other Operating Expenses | 662.9M | 712.2M | 810.1M | 793.4M | 912.5M | 958.1M | |
| Operating Income | 23.1M | 154.2M | 333.0M | 316.9M | 28.2M | 26.8M | |
| Ebit | 23.1M | 154.2M | 333.0M | 316.9M | 364.4M | 382.6M | |
| Ebitda | 197.0M | 348.8M | 509.5M | 528.6M | 607.9M | 638.3M | |
| Cost Of Revenue | 597.9M | 658.3M | 737.9M | 717.9M | 386.7M | 346.6M | |
| Total Operating Expenses | 65.0M | 53.9M | 72.2M | 75.5M | 431.3M | 452.8M | |
| Total Other Income Expense Net | (48.0M) | (28.8M) | (21.3M) | (41.6M) | (32.7M) | (31.1M) | |
| Net Income | (32.2M) | 112.0M | 267.4M | 222.7M | (25.5M) | (24.2M) | |
| Income Before Tax | (24.8M) | 125.4M | 311.6M | 275.3M | (18.7M) | (17.7M) | |
| Income Tax Expense | 7.3M | 11.5M | 43.0M | 49.9M | 57.3M | 60.2M | |
| Net Income From Continuing Ops | (32.2M) | 113.9M | 268.7M | 225.4M | (23.0M) | (21.8M) | |
| Net Income Applicable To Common Shares | (32.8M) | 112.0M | 267.4M | 222.7M | 256.2M | 269.0M | |
| Minority Interest | 15.3M | 16.9M | (1.3M) | (2.7M) | (2.5M) | (2.4M) | |
| Tax Provision | 7.3M | 11.5M | 43.0M | 49.9M | 4.3M | 4.1M | |
| Interest Income | 44.7M | 26.4M | 15.6M | 36.2M | 7.0M | 6.7M | |
| Research Development | 16.9M | 18.5M | 26.4M | 25.4M | 8.7M | 16.9M | |
| Net Interest Income | (37.0M) | (29.8M) | (24.2M) | (16.3M) | (14.2M) | (14.9M) | |
| Reconciled Depreciation | 173.8M | 187.2M | 175.8M | 208.0M | 121.7M | 174.5M |
Pair Trading with China 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 China 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 China Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with China Stock
| 0.85 | CCL-A | CCL Industries | PairCorr |
| 0.67 | TCL-B | Transcontinental | PairCorr |
Moving against China Stock
| 0.9 | RCI-A | Rogers Communications | PairCorr |
The ability to find closely correlated positions to China 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 China 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 China 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 China Gold International to buy it.
The correlation of China 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 China Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Gold International 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 China 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in China Gold International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the China Gold International information on this page should be used as a complementary analysis to other China Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for China Stock analysis
When running China Gold's price analysis, check to measure China Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Gold is operating at the current time. Most of China Gold's value examination focuses on studying past and present price action to predict the probability of China Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Gold's price. Additionally, you may evaluate how the addition of China Gold to your portfolios can decrease your overall portfolio volatility.
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