Barrick Gross Profit vs Operating Income Analysis

GOLD Stock  USD 16.64  0.43  2.65%   
Barrick Gold financial indicator trend analysis is way more than just evaluating Barrick Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Barrick Gold Corp is a good investment. Please check the relationship between Barrick Gold Gross Profit and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Barrick Gold Corp Gross Profit account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Barrick Gold's Gross Profit and Operating Income is 0.92. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Barrick Gold Corp, assuming nothing else is changed. The correlation between historical values of Barrick Gold's Gross Profit 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 Gross Profit of Barrick Gold Corp 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 Gross Profit i.e., Barrick Gold's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Barrick Gold Corp minus its cost of goods sold. It is profit before Barrick 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.

Operating Income

Operating Income is the amount of profit realized from Barrick Gold Corp 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 Barrick Gold Corp 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 Barrick Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Barrick Gold Corp 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 Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 226.7 M. The current year's Tax Provision is expected to grow to about 1.1 B
 2021 2022 2023 2024 (projected)
Gross Profit4.9B3.5B3.5B2.4B
Total Revenue12.0B11.0B11.4B5.7B

Barrick Gold fundamental ratios Correlations

0.63-0.130.830.310.670.57-0.44-0.30.310.830.60.780.830.850.370.130.250.030.170.77-0.150.620.940.75-0.14
0.630.450.360.830.960.990.180.230.680.811.00.80.810.640.370.670.720.40.720.930.340.170.440.590.4
-0.130.45-0.420.730.220.510.940.190.820.020.460.220.030.050.320.940.850.330.930.330.58-0.3-0.240.060.99
0.830.36-0.420.070.450.3-0.65-0.33-0.020.70.320.610.70.670.18-0.18-0.11-0.07-0.140.57-0.380.510.80.65-0.42
0.310.830.730.070.710.870.560.290.810.430.840.610.440.430.310.80.840.240.860.70.71-0.020.150.380.67
0.670.960.220.450.710.94-0.050.350.480.820.960.720.820.680.230.450.510.430.510.870.260.30.480.520.17
0.570.990.510.30.870.940.260.280.710.741.00.760.750.620.350.710.750.430.760.90.410.160.380.550.47
-0.440.180.94-0.650.56-0.050.260.210.65-0.280.21-0.04-0.28-0.240.170.80.710.250.780.030.59-0.46-0.49-0.170.93
-0.30.230.19-0.330.290.350.280.21-0.06-0.130.28-0.34-0.130.04-0.350.07-0.020.560.11-0.070.430.02-0.48-0.540.19
0.310.680.82-0.020.810.480.710.65-0.060.380.670.610.390.340.510.920.930.260.920.640.42-0.040.240.450.8
0.830.810.020.70.430.820.74-0.28-0.130.380.780.861.00.680.40.320.360.150.340.93-0.110.280.70.76-0.01
0.61.00.460.320.840.961.00.210.280.670.780.770.780.620.340.670.720.430.720.910.370.170.410.550.42
0.780.80.220.610.610.720.76-0.04-0.340.610.860.770.870.560.480.50.62-0.030.540.920.10.130.720.880.16
0.830.810.030.70.440.820.75-0.28-0.130.391.00.780.870.680.40.320.370.150.350.93-0.110.280.70.760.0
0.850.640.050.670.430.680.62-0.240.040.340.680.620.560.680.410.210.270.150.250.670.00.80.720.520.07
0.370.370.320.180.310.230.350.17-0.350.510.40.340.480.40.410.410.52-0.160.410.49-0.180.150.250.350.35
0.130.670.94-0.180.80.450.710.80.070.920.320.670.50.320.210.410.950.40.990.60.46-0.210.030.350.92
0.250.720.85-0.110.840.510.750.71-0.020.930.360.720.620.370.270.520.950.250.960.640.5-0.150.150.440.81
0.030.40.33-0.070.240.430.430.250.560.260.150.43-0.030.150.15-0.160.40.250.380.24-0.060.06-0.11-0.110.36
0.170.720.93-0.140.860.510.760.780.110.920.340.720.540.350.250.410.990.960.380.630.52-0.190.050.360.9
0.770.930.330.570.70.870.90.03-0.070.640.930.910.920.930.670.490.60.640.240.630.10.190.60.770.29
-0.150.340.58-0.380.710.260.410.590.430.42-0.110.370.1-0.110.0-0.180.460.5-0.060.520.1-0.22-0.2-0.070.5
0.620.17-0.30.51-0.020.30.16-0.460.02-0.040.280.170.130.280.80.15-0.21-0.150.06-0.190.19-0.220.60.28-0.25
0.940.44-0.240.80.150.480.38-0.49-0.480.240.70.410.720.70.720.250.030.15-0.110.050.6-0.20.60.81-0.26
0.750.590.060.650.380.520.55-0.17-0.540.450.760.550.880.760.520.350.350.44-0.110.360.77-0.070.280.810.02
-0.140.40.99-0.420.670.170.470.930.190.8-0.010.420.160.00.070.350.920.810.360.90.290.5-0.25-0.260.02
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Barrick Gold Account Relationship Matchups

Barrick Gold fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding1.8B1.8B1.8B1.8B1.8B1.8B
Total Assets44.4B46.5B46.9B46.0B45.6B24.1B
Short Long Term Debt Total5.5B5.4B5.5B5.3B4.7B5.1B
Other Current Liab958M1.2B1.5B2.3B1.4B1.4B
Total Current Liabilities2.4B2.2B2.1B3.1B2.3B1.6B
Total Stockholder Equity21.4B23.3B23.9B22.8B23.2B11.8B
Property Plant And Equipment Net24.3B24.7B25.0B25.9B26.3B13.4B
Net Debt2.2B176M193M810M575.0M546.3M
Retained Earnings(9.7B)(7.9B)(6.6B)(7.3B)(6.7B)(6.3B)
Accounts Payable715M929M539M741M674.5M656.5M
Cash3.3B5.2B5.3B4.4B4.1B2.2B
Non Current Assets Total37.5B38.4B38.6B37.5B38.2B19.9B
Non Currrent Assets Other3.3B3.6B3.7B3.8B3.2B1.9B
Cash And Short Term Investments3.3B5.2B5.3B4.4B4.1B2.2B
Net Receivables665M766M942M906M1.2B1.2B
Liabilities And Stockholders Equity44.4B46.5B46.9B46.0B45.6B24.1B
Non Current Liabilities Total12.2B12.6B12.5B11.6B11.4B8.5B
Inventory2.3B1.9B1.7B1.8B1.8B1.3B
Other Stockholder Equity2.0B2.0B1.9B1.9B1.9B2.8B
Total Liab14.6B14.8B14.6B14.7B13.7B10.1B
Total Current Assets6.9B8.1B8.2B8.5B7.4B4.2B
Accumulated Other Comprehensive Income(122M)14M(23M)26M61.7M64.8M
Short Term Debt375M20M24M45M10.9M10.4M
Other Liab7.0B7.2B7.0B6.4B7.3B7.7B
Other Assets3.6B3.7B3.8B3.9B4.4B2.3B
Long Term Debt5.1B5.3B5.4B5.1B5.1B6.3B
Common Stock29.2B29.2B28.5B28.1B28.0B18.4B
Property Plant Equipment24.1B24.6B25.0B25.8B29.7B16.0B
Intangible Assets86M77M68M67M60.3M57.3M
Current Deferred Revenue328M47M43M54M301.4M320.7M
Property Plant And Equipment Gross24.1B24.6B65.2B68.8B71.1B74.7B
Common Stock Total Equity20.9B20.9B29.2B29.2B33.6B18.8B
Good Will1.3B1.2B4.8B3.6B3.6B3.7B
Net Tangible Assets16.4B18.4B18.9B19.0B21.9B11.8B
Long Term Investments4.8B5.1B5.0B4.1B4.3B3.0B

Barrick Gold Investors Sentiment

The influence of Barrick Gold's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Barrick. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Barrick Gold's public news can be used to forecast risks associated with an investment in Barrick. The trend in average sentiment can be used to explain how an investor holding Barrick can time the market purely based on public headlines and social activities around Barrick Gold Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Barrick Gold's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Barrick Gold's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Barrick Gold's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Barrick Gold.

Barrick Gold Implied Volatility

    
  30.87  
Barrick Gold's implied volatility exposes the market's sentiment of Barrick Gold Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Barrick Gold's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Barrick Gold stock will not fluctuate a lot when Barrick Gold's options are near their expiration.
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 Barrick 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, Barrick Gold's short interest history, or implied volatility extrapolated from Barrick Gold options trading.

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When determining whether Barrick Gold Corp is a strong investment it is important to analyze Barrick Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Barrick Gold's future performance. For an informed investment choice regarding Barrick Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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When running Barrick Gold's price analysis, check to measure Barrick 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 Barrick Gold is operating at the current time. Most of Barrick Gold's value examination focuses on studying past and present price action to predict the probability of Barrick 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 Barrick Gold's price. Additionally, you may evaluate how the addition of Barrick Gold to your portfolios can decrease your overall portfolio volatility.
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Is Barrick 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 Barrick Gold. If investors know Barrick 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 Barrick 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
0.538
Dividend Share
0.4
Earnings Share
0.72
Revenue Per Share
6.494
Quarterly Revenue Growth
0.103
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick 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 Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick 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 Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick 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.