Gold Research Development vs Tax Provision 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 Research Development and its Tax Provision 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.
Research Development vs Tax Provision
Research Development vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gold Resource Research Development account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gold Resource's Research Development and Tax Provision is -0.03. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Tax Provision 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 Research Development and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Gold Resource are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Research Development i.e., Gold Resource's Research Development and Tax Provision go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Research Development
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.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 27th 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Gold Resource in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Gold Resource's short interest history, or implied volatility extrapolated from Gold Resource options trading.
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When running Gold Resource's price analysis, check to measure Gold Resource'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 Gold Resource is operating at the current time. Most of Gold Resource's value examination focuses on studying past and present price action to predict the probability of Gold Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Resource's price. Additionally, you may evaluate how the addition of Gold Resource to your portfolios can decrease your overall portfolio volatility.
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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.