ASA Historical Income Statement

ASA Stock  USD 17.40  0.29  1.64%   
Historical analysis of ASA Gold income statement accounts such as Total Revenue of 14.5 M, Gross Profit of 13.7 M or Operating Income of 10.9 M can show how well ASA Gold and performed in making a profits. Evaluating ASA Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ASA Gold's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining ASA Gold 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 ASA Gold is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASA Gold and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

About ASA Income Statement Analysis

ASA Gold 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 ASA Gold shareholders. The income statement also shows ASA 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).

ASA Gold Income Statement Chart

ASA Gold and Income Statement is one of the three primary financial statements used for reporting ASA's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ASA Gold revenue and expense. ASA Gold Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, ASA Gold's Total Revenue is projected to decrease significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 13.7 M, whereas Operating Income is forecasted to decline to about 10.9 M.

Cost Of Revenue

Cost of Revenue is found on ASA Gold income statement and represents the costs associated with goods and services ASA Gold provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ASA Gold financial statement analysis. It represents the amount of money remaining after all of ASA Gold and operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ASA Gold. It is also known as ASA 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 ASA Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ASA Gold 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 ASA Gold and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
At present, ASA Gold's Total Revenue is projected to decrease significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 13.7 M, whereas Operating Income is forecasted to decline to about 10.9 M.
 2023 2024 (projected)
Interest Income87.4K83.0K
Non Recurring500.1K444.6K

ASA Gold income statement Correlations

1.01.0-0.050.760.760.060.0-0.041.00.520.010.410.630.810.010.740.120.01
1.01.0-0.050.760.760.060.0-0.051.00.530.010.410.630.810.010.740.130.01
1.01.0-0.060.770.770.07-0.01-0.051.00.530.00.410.630.810.010.740.130.01
-0.05-0.05-0.06-0.22-0.22-0.040.90.9-0.05-0.060.920.190.20.180.40.16-0.870.4
0.760.760.77-0.221.00.63-0.25-0.420.770.9-0.210.750.380.75-0.110.460.37-0.11
0.760.760.77-0.221.00.63-0.25-0.430.770.9-0.210.750.380.75-0.110.460.37-0.11
0.060.060.07-0.040.630.63-0.2-0.420.070.88-0.140.81-0.060.41-0.12-0.070.29-0.12
0.00.0-0.010.9-0.25-0.25-0.20.910.0-0.170.990.010.190.110.460.21-0.860.46
-0.04-0.05-0.050.9-0.42-0.43-0.420.91-0.05-0.370.9-0.20.19-0.030.460.24-0.910.46
1.01.01.0-0.050.770.770.070.0-0.050.530.010.420.630.820.020.740.130.02
0.520.530.53-0.060.90.90.88-0.17-0.370.53-0.110.880.250.74-0.090.290.3-0.09
0.010.010.00.92-0.21-0.21-0.140.990.90.01-0.110.060.170.170.470.24-0.850.47
0.410.410.410.190.750.750.810.01-0.20.420.880.060.40.72-0.130.090.07-0.13
0.630.630.630.20.380.38-0.060.190.190.630.250.170.40.51-0.150.19-0.22-0.15
0.810.810.810.180.750.750.410.11-0.030.820.740.170.720.510.030.610.080.03
0.010.010.010.4-0.11-0.11-0.120.460.460.02-0.090.47-0.13-0.150.030.38-0.241.0
0.740.740.740.160.460.46-0.070.210.240.740.290.240.090.190.610.38-0.090.38
0.120.130.13-0.870.370.370.29-0.86-0.910.130.3-0.850.07-0.220.08-0.24-0.09-0.24
0.010.010.010.4-0.11-0.11-0.120.460.460.02-0.090.47-0.13-0.150.031.00.38-0.24
Click cells to compare fundamentals

ASA Gold Account Relationship Matchups

ASA Gold income statement Accounts

201920202021202220232024 (projected)
Total Revenue179.7M19.3M(154.8M)10.8M12.4M14.5M
Gross Profit179.7M19.3M(154.8M)10.8M12.4M13.7M
Operating Income178.4M18.3M(155.9M)9.7M11.2M10.9M
Cost Of Revenue1.1M753.5K45.4K156.9K141.2K134.1K
Income Before Tax178.4M18.3M(155.9M)9.7M8.8M13.2M
Net Income Applicable To Common Shares91.4M178.4M18.3M(155.9M)(140.3M)(133.3M)
Net Income178.4M18.3M(155.9M)9.7M8.8M13.9M
Depreciation And Amortization2.6M1.7M1.4M1.1M972.0K1.0M
Selling General Administrative1.1M1.0M1.1M1.1M999.8K949.8K
Other Operating Expenses1.2M999.3K1.2M1.1M987.8K938.4K
Ebit178.4M18.3M(155.9M)8.6M9.9M11.1M
Ebitda178.4M18.3M(155.9M)9.7M8.8M9.2M
Total Operating Expenses1.2M999.3K1.2M1.1M987.8K938.4K
Total Other Income Expense Net1.0M20.0M(154.5M)10.8M9.7M10.2M
Income Tax Expense(1.5M)18.3M(155.9M)9.7M8.8M9.2M
Net Income From Continuing Ops178.4M18.3M(155.9M)9.7M8.8M8.1M
Interest Income92.5M181.0M20.0M97.1K87.4K83.0K
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 ASA Gold 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, ASA Gold's short interest history, or implied volatility extrapolated from ASA Gold options trading.

Pair Trading with ASA 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 ASA 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 ASA Gold will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to ASA 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 ASA 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 ASA 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 ASA Gold and to buy it.
The correlation of ASA 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 ASA Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASA Gold 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 ASA 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.
Pair CorrelationCorrelation Matching
When determining whether ASA Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASA Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asa Gold And Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asa Gold And Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASA Gold and. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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Is ASA Gold'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 ASA Gold. If investors know ASA 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 ASA Gold 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
(0.55)
Dividend Share
0.02
Earnings Share
0.5
Revenue Per Share
0.124
Quarterly Revenue Growth
(0.47)
The market value of ASA Gold is measured differently than its book value, which is the value of ASA that is recorded on the company's balance sheet. Investors also form their own opinion of ASA Gold's value that differs from its market value or its book value, called intrinsic value, which is ASA Gold'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 ASA Gold's market value can be influenced by many factors that don't directly affect ASA Gold'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 ASA Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASA Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASA Gold'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.