Gatos Historical Income Statement
| GATO Stock | CAD 21.77 0.02 0.09% |
Historical analysis of Gatos Silver income statement accounts such as Other Operating Expenses of 16.5 M or Total Operating Expenses of 15.8 M can show how well Gatos Silver performed in making a profits. Evaluating Gatos Silver income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Gatos Silver's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Gatos Silver 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 Gatos Silver is a good buy for the upcoming year.
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About Gatos Income Statement Analysis
Gatos Silver 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 Gatos Silver shareholders. The income statement also shows Gatos 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).
Gatos Silver Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Gatos Silver. It is also known as Gatos Silver 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.Cost Of Revenue
Cost of Revenue is found on Gatos Silver income statement and represents the costs associated with goods and services Gatos Silver 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.Most accounts from Gatos Silver's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Gatos Silver 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gatos Silver. 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. To learn how to invest in Gatos Stock, please use our How to Invest in Gatos Silver guide.At this time, Gatos Silver's Income Tax Expense is very stable compared to the past year. As of the 2nd of December 2024, Net Interest Income is likely to grow to about 685.6 K, while Depreciation And Amortization is likely to drop about 75 K.
| 2023 | 2024 (projected) | Research Development | 27.9M | 17.1M | Cost Of Revenue | 79K | 75.1K |
Gatos Silver income statement Correlations
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Gatos Silver Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gatos Silver income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 34K | 30K | 89K | 180K | 79K | 75.1K | |
| Other Operating Expenses | 10.8M | 8.6M | 22.6M | 25.8M | 12.3M | 16.5M | |
| Operating Income | (10.8M) | (31.0M) | (43.3M) | 24.4M | (22.4M) | (23.5M) | |
| Ebit | (8.4M) | (31.0M) | (43.3M) | 24.4M | (22.4M) | (23.5M) | |
| Ebitda | (8.4M) | (31.0M) | (43.2M) | 24.6M | (22.3M) | (23.4M) | |
| Total Operating Expenses | 8.4M | 8.6M | 22.6M | 25.6M | 12.3M | 15.8M | |
| Income Before Tax | (37.8M) | (35.0M) | (43.4M) | 16.1M | 13.0M | 13.6M | |
| Total Other Income Expense Net | (27.0M) | (4.0M) | (185K) | (8.3M) | 35.4M | 37.1M | |
| Net Income | (40.8M) | (26.9M) | (23.2M) | 14.5M | 12.9M | 13.5M | |
| Income Tax Expense | 3.0M | (8.1M) | (20.2M) | 1.6M | 114K | 119.7K | |
| Gross Profit | (2.4M) | (30K) | (89K) | (180K) | (79K) | (83.0K) | |
| Cost Of Revenue | 2.4M | 30K | 89K | 180K | 79K | 75.1K | |
| Selling General Administrative | 7.2M | 7.8M | 20.9M | 25.5M | 22.3M | 12.8M | |
| Net Income Applicable To Common Shares | (11.7M) | (37.8M) | (40.4M) | (65.9M) | (59.3M) | (56.3M) | |
| Interest Income | 464K | 12.9M | 21.6M | 154K | 1.3M | 1.3M | |
| Net Interest Income | (3.0M) | (8.9M) | (380K) | (279K) | 653K | 685.7K | |
| Net Income From Continuing Ops | (37.8M) | (35.0M) | (43.4M) | 14.5M | 12.9M | 13.5M | |
| Reconciled Depreciation | 2.4M | 30K | 89K | 69.4M | 75.1M | 78.9M |
Pair Trading with Gatos Silver
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 Gatos Silver 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 Gatos Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Gatos Stock
| 0.98 | AG | First Majestic Silver | PairCorr |
| 0.85 | IE | Ivanhoe Energy | PairCorr |
| 0.8 | FDY | Faraday Copper Corp | PairCorr |
Moving against Gatos Stock
The ability to find closely correlated positions to Gatos Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gatos Silver 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 Gatos Silver - 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 Gatos Silver to buy it.
The correlation of Gatos Silver 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 Gatos Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gatos Silver 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 Gatos Silver 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gatos Silver. 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. To learn how to invest in Gatos Stock, please use our How to Invest in Gatos Silver guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.