Barrick Operating Income vs Total Revenue Analysis

ABX Stock

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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 Operating Income and its Total Revenue accounts. Check out Trending Equities 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Barrick Gold Corp Operating Income account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Barrick Gold's Operating Income and Total Revenue is 0.86. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Total Revenue 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 Operating Income and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Barrick Gold Corp are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Operating Income i.e., Barrick Gold's Operating Income and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Total Revenue

Total revenue comprises all receipts Barrick Gold Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary 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 Trending Equities 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Barrick Gold's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 1.2 B, while Discontinued Operations is likely to drop (478.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	4.9B	3.5B	3.5B	2.4B
Total Revenue	12.0B	11.0B	11.4B	5.7B

Gross Profit Total Revenue

Barrick Gold fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Current Deferred Revenue	Intangible Assets
Common Stock Shares Outstanding		0.63	-0.16	0.26	0.31	0.67	0.57	-0.43	-0.3	0.29	0.83	0.6	0.95	0.83	0.83	0.89	0.13	0.25	0.02	0.17	0.75	0.77	-0.25	0.6	0.06	-0.78
Total Assets	0.63		0.44	0.74	0.83	0.96	0.99	0.18	0.23	0.68	0.81	1.0	0.66	0.81	0.59	0.57	0.67	0.72	0.43	0.72	0.5	0.93	0.25	0.34	0.34	-0.58
Short Long Term Debt Total	-0.16	0.44		0.57	0.73	0.21	0.5	0.95	0.21	0.81	0.0	0.45	0.03	0.01	-0.07	-0.17	0.93	0.84	0.35	0.92	-0.17	0.31	0.64	0.03	0.54	-0.27
Other Current Liab	0.26	0.74	0.57		0.93	0.68	0.79	0.43	0.41	0.6	0.39	0.75	0.4	0.39	0.4	0.3	0.61	0.63	0.19	0.68	0.42	0.62	0.53	-0.05	0.45	-0.39
Total Current Liabilities	0.31	0.83	0.73	0.93		0.71	0.87	0.57	0.29	0.82	0.43	0.84	0.46	0.44	0.36	0.27	0.8	0.84	0.27	0.86	0.29	0.7	0.6	0.06	0.49	-0.54
Total Stockholder Equity	0.67	0.96	0.21	0.68	0.71		0.94	-0.04	0.35	0.48	0.82	0.96	0.65	0.82	0.68	0.66	0.45	0.51	0.44	0.51	0.61	0.87	0.14	0.34	0.31	-0.46
Property Plant And Equipment Net	0.57	0.99	0.5	0.79	0.87	0.94		0.27	0.28	0.71	0.74	1.0	0.62	0.75	0.57	0.52	0.71	0.75	0.45	0.76	0.48	0.9	0.32	0.3	0.41	-0.56
Net Debt	-0.43	0.18	0.95	0.43	0.57	-0.04	0.27		0.22	0.66	-0.29	0.21	-0.23	-0.28	-0.31	-0.45	0.8	0.71	0.28	0.78	-0.39	0.03	0.68	-0.12	0.48	-0.06
Retained Earnings	-0.3	0.23	0.21	0.41	0.29	0.35	0.28	0.22		-0.06	-0.13	0.28	-0.28	-0.13	0.11	-0.04	0.07	-0.02	0.55	0.11	0.14	-0.07	0.34	-0.19	0.52	0.52
Accounts Payable	0.29	0.68	0.81	0.6	0.82	0.48	0.71	0.66	-0.06		0.38	0.68	0.46	0.39	0.19	0.16	0.92	0.94	0.28	0.93	0.03	0.64	0.4	0.18	0.41	-0.66
Cash	0.83	0.81	0.0	0.39	0.43	0.82	0.74	-0.29	-0.13	0.38		0.78	0.76	1.0	0.65	0.79	0.32	0.36	0.16	0.34	0.6	0.93	-0.22	0.39	-0.06	-0.63
Non Current Assets Total	0.6	1.0	0.45	0.75	0.84	0.96	1.0	0.21	0.28	0.68	0.78		0.63	0.78	0.58	0.54	0.67	0.72	0.45	0.72	0.48	0.91	0.29	0.33	0.38	-0.55
Non Currrent Assets Other	0.95	0.66	0.03	0.4	0.46	0.65	0.62	-0.23	-0.28	0.46	0.76	0.63		0.77	0.84	0.87	0.29	0.41	-0.02	0.33	0.76	0.77	-0.16	0.57	0.24	-0.87
Cash And Short Term Investments	0.83	0.81	0.01	0.39	0.44	0.82	0.75	-0.28	-0.13	0.39	1.0	0.78	0.77		0.65	0.79	0.32	0.37	0.16	0.35	0.6	0.93	-0.22	0.39	-0.05	-0.64
Net Receivables	0.83	0.59	-0.07	0.4	0.36	0.68	0.57	-0.31	0.11	0.19	0.65	0.58	0.84	0.65		0.9	0.1	0.15	0.17	0.15	0.9	0.61	-0.13	0.56	0.41	-0.53
Short Term Investments	0.89	0.57	-0.17	0.3	0.27	0.66	0.52	-0.45	-0.04	0.16	0.79	0.54	0.87	0.79	0.9		0.04	0.07	0.06	0.08	0.9	0.67	-0.36	0.54	0.24	-0.58
Non Current Liabilities Total	0.13	0.67	0.93	0.61	0.8	0.45	0.71	0.8	0.07	0.92	0.32	0.67	0.29	0.32	0.1	0.04		0.95	0.43	0.99	-0.02	0.6	0.49	0.17	0.44	-0.51
Inventory	0.25	0.72	0.84	0.63	0.84	0.51	0.75	0.71	-0.02	0.94	0.36	0.72	0.41	0.37	0.15	0.07	0.95		0.29	0.96	0.01	0.64	0.54	0.17	0.42	-0.62
Other Stockholder Equity	0.02	0.43	0.35	0.19	0.27	0.44	0.45	0.28	0.55	0.28	0.16	0.45	-0.02	0.16	0.17	0.06	0.43	0.29		0.42	0.12	0.26	0.01	0.1	0.37	0.15
Total Liab	0.17	0.72	0.92	0.68	0.86	0.51	0.76	0.78	0.11	0.93	0.34	0.72	0.33	0.35	0.15	0.08	0.99	0.96	0.42		0.03	0.63	0.52	0.15	0.46	-0.53
Property Plant And Equipment Gross	0.75	0.5	-0.17	0.42	0.29	0.61	0.48	-0.39	0.14	0.03	0.6	0.48	0.76	0.6	0.9	0.9	-0.02	0.01	0.12	0.03		0.54	-0.28	0.42	0.37	-0.43
Total Current Assets	0.77	0.93	0.31	0.62	0.7	0.87	0.9	0.03	-0.07	0.64	0.93	0.91	0.77	0.93	0.61	0.67	0.6	0.64	0.26	0.63	0.54		0.03	0.37	0.13	-0.72
Short Term Debt	-0.25	0.25	0.64	0.53	0.6	0.14	0.32	0.68	0.34	0.4	-0.22	0.29	-0.16	-0.22	-0.13	-0.36	0.49	0.54	0.01	0.52	-0.28	0.03		-0.08	0.36	-0.02
Other Current Assets	0.6	0.34	0.03	-0.05	0.06	0.34	0.3	-0.12	-0.19	0.18	0.39	0.33	0.57	0.39	0.56	0.54	0.17	0.17	0.1	0.15	0.42	0.37	-0.08		0.36	-0.47
Current Deferred Revenue	0.06	0.34	0.54	0.45	0.49	0.31	0.41	0.48	0.52	0.41	-0.06	0.38	0.24	-0.05	0.41	0.24	0.44	0.42	0.37	0.46	0.37	0.13	0.36	0.36		-0.1
Intangible Assets	-0.78	-0.58	-0.27	-0.39	-0.54	-0.46	-0.56	-0.06	0.52	-0.66	-0.63	-0.55	-0.87	-0.64	-0.53	-0.58	-0.51	-0.62	0.15	-0.53	-0.43	-0.72	-0.02	-0.47	-0.1

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Barrick Gold Account Relationship Matchups

Barrick Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B
Total Assets	44.4B	46.5B	46.9B	46.0B	45.8B	24.1B
Short Long Term Debt Total	5.5B	5.4B	5.5B	5.3B	5.2B	5.2B
Other Current Liab	1.1B	835M	1.2B	2.3B	1.3B	778.5M
Total Current Liabilities	2.4B	2.2B	2.1B	3.1B	2.4B	1.6B
Total Stockholder Equity	7.6B	21.4B	23.3B	23.9B	22.8B	11.8B
Property Plant And Equipment Net	24.3B	24.7B	25.0B	25.9B	26.4B	13.4B
Net Debt	2.2B	176M	193M	810M	1.1B	1.0B
Retained Earnings	(9.7B)	(7.9B)	(6.6B)	(7.3B)	(6.7B)	(6.4B)
Accounts Payable	715M	929M	539M	741M	678M	596.8M
Cash	3.3B	5.2B	5.3B	4.4B	4.1B	2.2B
Non Current Assets Total	37.5B	38.4B	38.6B	37.5B	38.4B	19.9B
Non Currrent Assets Other	3.3B	3.6B	3.7B	3.8B	4.0B	4.2B
Cash And Short Term Investments	3.3B	5.2B	5.3B	4.4B	4.1B	2.2B
Net Receivables	665M	766M	942M	906M	1.2B	1.2B
Short Term Investments	728M	1.5B	1.6B	1.4B	1.7B	1.7B
Liabilities And Stockholders Equity	44.4B	46.5B	46.9B	46.0B	45.8B	24.1B
Non Current Liabilities Total	12.2B	12.6B	12.5B	11.6B	11.5B	8.5B
Inventory	2.3B	1.9B	1.7B	1.8B	1.8B	1.3B
Other Stockholder Equity	2.0B	2.0B	1.9B	1.9B	1.7B	1.6B
Total Liab	14.6B	14.8B	14.6B	14.7B	13.8B	10.1B
Property Plant And Equipment Gross	24.1B	24.6B	65.2B	68.8B	71.1B	74.7B
Total Current Assets	6.9B	8.1B	8.2B	8.5B	7.4B	4.2B
Accumulated Other Comprehensive Income	(122M)	14M	(23M)	26M	24M	25.2M
Short Term Debt	43M	375M	20M	24M	45M	40.9M
Other Current Assets	1.2B	812M	993M	91M	1.3B	1.3B
Current Deferred Revenue	328M	47M	43M	54M	1.4B	1.5B
Intangible Assets	86M	77M	68M	67M	60.3M	57.3M
Other Assets	3.6B	3.7B	3.8B	3.3B	3.8B	2.9B
Good Will	1.3B	1.2B	4.8B	3.6B	3.2B	3.7B
Common Stock Total Equity	20.9B	20.9B	29.2B	29.2B	33.6B	23.7B
Common Stock	29.2B	29.2B	28.5B	28.1B	28.1B	25.3B
Other Liab	7.0B	7.2B	7.0B	6.4B	7.3B	6.8B
Net Tangible Assets	16.4B	18.4B	18.9B	19.0B	21.9B	12.3B
Long Term Debt	5.1B	5.3B	5.4B	5.2B	5.1B	5.9B
Long Term Investments	4.8B	5.1B	5.0B	4.1B	4.3B	2.9B
Property Plant Equipment	24.1B	24.6B	25.0B	25.8B	29.7B	21.5B
Long Term Debt Total	5.2B	5.3B	5.4B	5.3B	4.7B	5.1B

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

Moving together with Barrick Stock

0.78

ORE

Orezone Gold Corp

Pair Corr

Moving against Barrick Stock

0.83	FFH	Fairfax Financial	Pair Corr
0.76	WCN	Waste Connections	Pair Corr
0.67	CSU	Constellation Software	Pair Corr
0.62	FSV	FirstService Corp	Pair Corr
0.47	IFC	Intact Financial	Pair Corr

The ability to find closely correlated positions to Barrick 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 Barrick 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 Barrick 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 Barrick Gold Corp to buy it.

The correlation of Barrick 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 Barrick Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barrick Gold Corp 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 Barrick 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 Correlation Correlation Matching

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:

How To Invest In Barrick

Details

Is Barrick Stock a good investment?

Details

What is Barrick Gold's Net Worth?

Details

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Check out Trending Equities 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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.

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Barrick Operating Income vs Total Revenue Analysis

Operating Income vs Total Revenue

Operating Income vs Total Revenue Correlation Analysis

Correlation Coefficient

Operating Income

Total Revenue

Barrick Gold fundamental ratios Correlations

Barrick Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Barrick Gold fundamental ratios Accounts

Pair Trading with Barrick Gold

Moving together with Barrick Stock

Moving against Barrick Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.96	Total Assets

Intangible Assets	- 0.87	Non Currrent Assets Other
Intangible Assets	- 0.78	Common Stock Shares Outstanding
Intangible Assets	- 0.72	Total Current Assets
Intangible Assets	- 0.66	Accounts Payable
Intangible Assets	- 0.64	Cash And Short Term Investments
Intangible Assets	- 0.63	Cash