ASA Other Operating Expenses vs Operating Income Analysis

ASA Stock

USD 19.16 0.54 2.90%

ASA Gold financial indicator trend analysis is way more than just evaluating ASA Gold prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ASA Gold is a good investment. Please check the relationship between ASA Gold Other Operating Expenses and its Operating Income accounts. 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.

Other Operating Expenses vs Operating Income

Other Operating Expenses vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ASA Gold Other Operating Expenses account and Operating Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between ASA Gold's Other Operating Expenses and Operating Income is -0.05. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of ASA Gold and, assuming nothing else is changed. The correlation between historical values of ASA Gold's Other Operating Expenses and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of ASA Gold and are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Other Operating Expenses i.e., ASA Gold's Other Operating Expenses and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Operating Income

Operating Income is the amount of profit realized from ASA Gold operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ASA Gold and is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from ASA Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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 Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 28.47, whereas Selling General Administrative is forecasted to decline to about 949.8 K.

	2023	2024 (projected)
Interest Income	87.4K	83.0K
Non Recurring	500.1K	444.6K

Interest Income Non Recurring

ASA Gold fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Total Liab	Common Stock	Short Term Investments	Other Liab	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Current Assets	Net Tangible Assets	Long Term Investments	Capital Surpluse	Capital Stock
Total Assets		-0.33	-0.38	0.8	0.64	-0.31	-0.28	-0.14	-0.46	0.3	-0.06	-0.49	0.19	0.68	-0.67	-0.2	0.29	0.31	-0.32	-0.47	-0.32	-0.17	0.21	0.22	-0.06	-0.06
Other Current Liab	-0.33		1.0	-0.23	-0.14	0.98	0.61	-0.49	0.93	-0.94	0.1	0.79	-0.31	0.43	-0.4	0.33	-0.13	-0.94	0.95	0.24	-0.12	0.31	0.77	0.76	0.1	0.1
Total Current Liabilities	-0.38	1.0		-0.27	-0.21	0.98	0.62	-0.44	0.95	-0.94	0.12	0.81	-0.31	0.39	-0.35	0.33	-0.13	-0.95	0.96	0.25	-0.07	0.32	0.74	0.73	0.12	0.12
Total Stockholder Equity	0.8	-0.23	-0.27		0.52	-0.24	-0.25	-0.23	-0.32	0.17	-0.08	-0.41	0.21	0.68	-0.68	-0.23	0.33	0.18	-0.2	-0.6	-0.43	-0.19	0.25	0.26	-0.08	-0.08
Retained Earnings	0.64	-0.14	-0.21	0.52		-0.25	-0.36	-0.32	-0.39	0.28	-0.1	-0.37	0.3	0.4	-0.43	-0.33	-0.14	0.28	-0.28	0.07	-0.8	-0.34	0.11	0.12	-0.1	-0.1
Accounts Payable	-0.31	0.98	0.98	-0.24	-0.25		0.71	-0.38	0.95	-0.94	0.13	0.83	-0.42	0.45	-0.41	0.44	-0.04	-0.95	0.96	0.14	-0.03	0.43	0.74	0.72	0.13	0.13
Cash	-0.28	0.61	0.62	-0.25	-0.36	0.71		-0.06	0.67	-0.66	-0.14	0.69	-0.93	0.22	-0.24	0.95	0.18	-0.66	0.59	0.03	0.07	0.94	0.25	0.24	-0.14	-0.14
Other Assets	-0.14	-0.49	-0.44	-0.23	-0.32	-0.38	-0.06		-0.19	0.42	0.25	0.05	-0.09	-0.5	0.54	0.12	0.08	0.42	-0.35	0.03	0.47	0.13	-0.68	-0.68	0.25	0.25
Total Liab	-0.46	0.93	0.95	-0.32	-0.39	0.95	0.67	-0.19		-0.89	0.26	0.93	-0.37	0.28	-0.22	0.42	-0.08	-0.9	0.95	0.26	0.12	0.4	0.59	0.58	0.26	0.26
Common Stock	0.3	-0.94	-0.94	0.17	0.28	-0.94	-0.66	0.42	-0.89		0.05	-0.73	0.36	-0.46	0.42	-0.39	0.07	1.0	-0.91	-0.16	0.05	-0.38	-0.74	-0.73	0.05	0.05
Short Term Investments	-0.06	0.1	0.12	-0.08	-0.1	0.13	-0.14	0.25	0.26	0.05		0.35	0.29	-0.05	0.22	-0.2	-0.04	0.01	0.34	0.01	0.19	-0.2	0.04	0.04	1.0	1.0
Other Liab	-0.49	0.79	0.81	-0.41	-0.37	0.83	0.69	0.05	0.93	-0.73	0.35		-0.45	0.1	-0.03	0.51	-0.06	-0.74	0.83	0.41	0.19	0.49	0.32	0.31	0.35	0.35
Net Debt	0.19	-0.31	-0.31	0.21	0.3	-0.42	-0.93	-0.09	-0.37	0.36	0.29	-0.45		-0.07	0.13	-0.99	-0.25	0.35	-0.26	0.04	-0.09	-0.99	0.03	0.04	0.29	0.29
Non Current Assets Total	0.68	0.43	0.39	0.68	0.4	0.45	0.22	-0.5	0.28	-0.46	-0.05	0.1	-0.07		-0.98	0.08	0.23	-0.46	0.42	-0.4	-0.38	0.1	0.79	0.79	-0.05	-0.05
Non Currrent Assets Other	-0.67	-0.4	-0.35	-0.68	-0.43	-0.41	-0.24	0.54	-0.22	0.42	0.22	-0.03	0.13	-0.98		-0.11	-0.24	0.42	-0.34	0.42	0.41	-0.13	-0.77	-0.77	0.22	0.22
Cash And Short Term Investments	-0.2	0.33	0.33	-0.23	-0.33	0.44	0.95	0.12	0.42	-0.39	-0.2	0.51	-0.99	0.08	-0.11		0.25	-0.39	0.31	-0.01	0.11	1.0	-0.02	-0.04	-0.2	-0.2
Net Receivables	0.29	-0.13	-0.13	0.33	-0.14	-0.04	0.18	0.08	-0.08	0.07	-0.04	-0.06	-0.25	0.23	-0.24	0.25		0.07	-0.06	-0.36	0.26	0.32	-0.04	-0.03	-0.04	-0.04
Common Stock Total Equity	0.31	-0.94	-0.95	0.18	0.28	-0.95	-0.66	0.42	-0.9	1.0	0.01	-0.74	0.35	-0.46	0.42	-0.39	0.07		-0.92	-0.16	0.05	-0.37	-0.75	-0.74	0.01	0.01
Common Stock Shares Outstanding	-0.32	0.95	0.96	-0.2	-0.28	0.96	0.59	-0.35	0.95	-0.91	0.34	0.83	-0.26	0.42	-0.34	0.31	-0.06	-0.92		0.11	0.01	0.3	0.74	0.73	0.34	0.34
Non Current Liabilities Total	-0.47	0.24	0.25	-0.6	0.07	0.14	0.03	0.03	0.26	-0.16	0.01	0.41	0.04	-0.4	0.42	-0.01	-0.36	-0.16	0.11		0.0	-0.05	-0.17	-0.19	0.01	0.01
Other Stockholder Equity	-0.32	-0.12	-0.07	-0.43	-0.8	-0.03	0.07	0.47	0.12	0.05	0.19	0.19	-0.09	-0.38	0.41	0.11	0.26	0.05	0.01	0.0		0.13	-0.2	-0.2	0.19	0.19
Total Current Assets	-0.17	0.31	0.32	-0.19	-0.34	0.43	0.94	0.13	0.4	-0.38	-0.2	0.49	-0.99	0.1	-0.13	1.0	0.32	-0.37	0.3	-0.05	0.13		-0.02	-0.04	-0.2	-0.2
Net Tangible Assets	0.21	0.77	0.74	0.25	0.11	0.74	0.25	-0.68	0.59	-0.74	0.04	0.32	0.03	0.79	-0.77	-0.02	-0.04	-0.75	0.74	-0.17	-0.2	-0.02		1.0	0.04	0.04
Long Term Investments	0.22	0.76	0.73	0.26	0.12	0.72	0.24	-0.68	0.58	-0.73	0.04	0.31	0.04	0.79	-0.77	-0.04	-0.03	-0.74	0.73	-0.19	-0.2	-0.04	1.0		0.04	0.04
Capital Surpluse	-0.06	0.1	0.12	-0.08	-0.1	0.13	-0.14	0.25	0.26	0.05	1.0	0.35	0.29	-0.05	0.22	-0.2	-0.04	0.01	0.34	0.01	0.19	-0.2	0.04	0.04		1.0
Capital Stock	-0.06	0.1	0.12	-0.08	-0.1	0.13	-0.14	0.25	0.26	0.05	1.0	0.35	0.29	-0.05	0.22	-0.2	-0.04	0.01	0.34	0.01	0.19	-0.2	0.04	0.04	1.0

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ASA Gold Account Relationship Matchups

ASA Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	464.7M	482.7M	326.3M	335.6M	302.1M	323.7M
Other Current Liab	433.6K	462.3K	312.4K	370.6K	333.5K	316.8K
Total Current Liabilities	433.6K	462.3K	312.4K	370.6K	333.5K	316.8K
Total Stockholder Equity	463.9M	481.9M	325.6M	334.9M	301.4M	308.9M
Retained Earnings	443.3M	461.2M	304.9M	314.3M	361.4M	274.8M
Cash	1.3M	79.9K	78.5K	4.8M	4.3M	5.5M
Other Assets	109.1K	131.0K	104.2K	88.6K	101.8K	106.9K
Total Liab	803.4K	462.3K	691.6K	370.6K	333.5K	316.8K
Other Liab	411.3K	369.8K	333.5K	379.2K	341.3K	324.3K
Net Debt	(1.3M)	(79.9K)	(78.5K)	(4.8M)	(5.5M)	(5.8M)
Non Current Assets Total	463.1M	482.3M	325.9M	330.4M	297.3M	345.5M
Non Currrent Assets Other	(463.1M)	(482.3M)	(325.9M)	(330.4M)	(379.9M)	(398.9M)
Cash And Short Term Investments	1.3M	79.9K	78.5K	4.8M	4.3M	5.4M
Net Receivables	177.2K	236.8K	183.8K	328.2K	295.4K	237.0K
Liabilities And Stockholders Equity	464.7M	482.7M	326.3M	335.6M	302.1M	351.0M
Total Current Assets	1.5M	316.7K	262.3K	5.1M	4.6M	5.6M
Net Tangible Assets	285.9M	463.9M	481.9M	325.6M	293.0M	299.3M
Long Term Investments	463.1M	482.3M	325.9M	330.4M	297.3M	292.8M

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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:

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What is ASA Gold's Net Worth?

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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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running ASA Gold's price analysis, check to measure ASA 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 ASA Gold is operating at the current time. Most of ASA Gold's value examination focuses on studying past and present price action to predict the probability of ASA 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 ASA Gold's price. Additionally, you may evaluate how the addition of ASA Gold to your portfolios can decrease your overall portfolio volatility.

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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.

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ASA Other Operating Expenses vs Operating Income Analysis

Other Operating Expenses vs Operating Income

Other Operating Expenses vs Operating Income Correlation Analysis

Correlation Coefficient

Other Operating Expenses

Operating Income

ASA Gold fundamental ratios Correlations

ASA Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ASA Gold fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Liabilities	+ 1.0	Other Current Liab
Common Stock Total Equity	+ 1.0	Common Stock
Capital Surpluse	+ 1.0	Short Term Investments
Capital Stock	+ 1.0	Short Term Investments
Total Current Assets	+ 1.0	Cash And Short Term Investments
Long Term Investments	+ 1.0	Net Tangible Assets

Total Current Assets	- 0.99	Net Debt
Cash And Short Term Investments	- 0.99	Net Debt
Non Currrent Assets Other	- 0.98	Non Current Assets Total
Common Stock Total Equity	- 0.95	Accounts Payable
Common Stock Total Equity	- 0.95	Total Current Liabilities
Common Stock	- 0.94	Accounts Payable