Gold Net Tangible Assets vs Total Assets Analysis
GORO Stock | USD 0.50 0.03 6.38% |
Gold Resource financial indicator trend analysis is much more than just examining Gold Resource latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gold Resource is a good investment. Please check the relationship between Gold Resource Net Tangible Assets and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.
Net Tangible Assets vs Total Assets
Net Tangible Assets vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold Resource Net Tangible Assets account and Total Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Gold Resource's Net Tangible Assets and Total Assets is 0.7. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Assets in the same time period over historical financial statements of Gold Resource, assuming nothing else is changed. The correlation between historical values of Gold Resource's Net Tangible Assets and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Gold Resource are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Tangible Assets i.e., Gold Resource's Net Tangible Assets and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.7 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Total Assets
Total assets refers to the total amount of Gold Resource assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Gold Resource books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Gold Resource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gold Resource current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Gold Resource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.At this time, Gold Resource's Selling General Administrative is very stable compared to the past year. As of the 29th of April 2024, Enterprise Value Over EBITDA is likely to grow to 8.85, though Tax Provision is likely to grow to (4.8 M).
2023 | 2024 (projected) | Discontinued Operations | 9.6M | 8.6M | Interest Income | 394.2K | 374.5K |
Gold Resource fundamental ratios Correlations
Click cells to compare fundamentals
Gold Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gold Resource fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 193.0M | 105.7M | 215.8M | 204.2M | 183.9M | 107.8M | |
Short Long Term Debt Total | 10.0M | 13K | 42.6M | 43.5M | 44.9M | 47.2M | |
Other Current Liab | 4.9M | 3.3M | 16.4M | 11.4M | 2.9M | 2.8M | |
Total Current Liabilities | 28.0M | 12.1M | 29.7M | 24.7M | 11.3M | 13.5M | |
Total Stockholder Equity | 158.1M | 90.5M | 120.8M | 111.8M | 96.7M | 80.4M | |
Net Debt | (1.1M) | (25.4M) | 8.8M | 19.8M | 38.7M | 40.6M | |
Retained Earnings | 16.9M | 12.7M | 17.6M | 7.7M | (8.3M) | (8.7M) | |
Accounts Payable | 14.5M | 8.8M | 13.3M | 13.3M | 8.4M | 6.4M | |
Cash | 11.1M | 25.4M | 33.7M | 23.7M | 6.3M | 5.9M | |
Non Current Assets Total | 142.4M | 62.9M | 156.8M | 158.1M | 157.4M | 165.3M | |
Non Currrent Assets Other | 5.0M | 41K | (14.9M) | 339K | 170K | 178.5K | |
Cash And Short Term Investments | 15.3M | 26.1M | 34.3M | 23.7M | 6.3M | 5.9M | |
Common Stock Total Equity | 69K | 66K | 75K | 89K | 102.4K | 58.0K | |
Common Stock Shares Outstanding | 64.0M | 69.9M | 75.6M | 88.4M | 88.5M | 57.1M | |
Liabilities And Stockholders Equity | 193.0M | 105.7M | 215.8M | 204.2M | 183.9M | 107.8M | |
Other Stockholder Equity | 142.3M | 79.0M | 104.3M | 105.1M | 106.1M | 93.7M | |
Total Liab | 35.0M | 15.2M | 95.0M | 92.4M | 87.2M | 91.6M | |
Total Current Assets | 50.7M | 42.9M | 58.9M | 46.1M | 26.5M | 39.2M | |
Common Stock | 69K | 66K | 75K | 89K | 102.4K | 60.0K | |
Property Plant And Equipment Net | 132.7M | 62.5M | 156.8M | 152.6M | 138.6M | 145.6M | |
Other Current Assets | 218K | 647K | 266K | 1.2M | 5.9M | 6.2M | |
Property Plant And Equipment Gross | 132.7M | 62.5M | 261.9M | 284.5M | 295.0M | 309.8M | |
Net Receivables | 8.6M | 5.1M | 12.6M | 5.1M | 4.7M | 6.3M | |
Other Assets | 13.1M | 62.9M | 76K | 13.0M | 14.9M | 17.8M | |
Property Plant Equipment | 125.3M | 62.5M | 156.8M | 152.6M | 175.4M | 184.2M | |
Other Liab | 5.6M | 3.1M | 65.4M | 67.7M | 77.9M | 81.8M | |
Short Term Investments | 3.6M | 4.3M | 671K | 589K | 530.1K | 503.6K | |
Non Current Liabilities Total | 7.0M | 3.1M | 65.4M | 67.7M | 75.9M | 79.7M | |
Inventory | 24.1M | 10.0M | 10.4M | 13.5M | 9.6M | 11.1M | |
Net Tangible Assets | 158.1M | 90.5M | 120.8M | 111.8M | 128.5M | 115.4M | |
Retained Earnings Total Equity | 16.9M | 12.7M | 17.6M | 7.7M | 8.9M | 9.3M | |
Capital Surpluse | 148.2M | 84.9M | 110.2M | 111.0M | 127.7M | 120.6M | |
Non Current Liabilities Other | 6.2M | 3.1M | 52.2M | 58.5M | 3.6M | 3.4M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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Is Gold Resource's industry 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 Gold Resource. If investors know Gold 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 Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.742 | Earnings Share (0.18) | Revenue Per Share 1.104 | Quarterly Revenue Growth (0.35) | Return On Assets (0.06) |
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource'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 Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource'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 Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource'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.