TRX Historical Income Statement

TNX Stock

CAD 45.70 0.76 1.69%

Historical analysis of TRX Gold income statement accounts such as Gross Profit of 22 M, Other Operating Expenses of 33.5 M, Operating Income of 10 M or Ebit of 10 M can show how well TRX Gold Corp performed in making a profits. Evaluating TRX Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of TRX Gold's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining TRX Gold Corp 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 TRX Gold Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TRX 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.

About TRX Income Statement Analysis

TRX Gold Corp 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 TRX Gold shareholders. The income statement also shows TRX 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).

TRX Gold Income Statement Chart

At this time, TRX Gold's Operating Income is very stable compared to the past year. As of the 22nd of December 2024, EBIT is likely to grow to about 10 M, while Net Loss is likely to drop (5.9 M).

Depreciation And Amortization Other Operating Expenses Total Operating Expenses Income Before Tax Selling And Marketing Expenses

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TRX Gold Corp. It is also known as TRX 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on TRX Gold income statement and is an important metric when analyzing TRX Gold Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from TRX Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into TRX Gold Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TRX 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, TRX Gold's Operating Income is very stable compared to the past year. As of the 22nd of December 2024, EBIT is likely to grow to about 10 M, while Net Loss is likely to drop (5.9 M).

TRX Gold income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Cost Of Revenue	Net Income From Continuing Ops	Minority Interest	Interest Income	Tax Provision	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.7	0.57	0.95	0.92	0.93	0.86	0.86	0.88	0.53	0.78	0.27	0.51	0.89	0.5	0.96	0.65	-0.78	0.18	0.98	-0.18	0.98
Interest Expense	0.7		0.58	0.66	0.64	0.7	0.51	0.51	0.53	0.54	0.41	0.06	0.09	0.76	0.39	0.68	0.24	-0.65	0.27	0.7	-0.79	0.67
Selling General Administrative	0.57	0.58		0.66	0.68	0.79	0.37	0.38	0.39	0.99	0.5	0.4	0.36	0.53	0.54	0.64	0.47	-0.75	0.37	0.6	-0.18	0.47
Total Revenue	0.95	0.66	0.66		1.0	0.98	0.93	0.91	0.92	0.62	0.84	0.29	0.59	0.87	0.4	1.0	0.7	-0.92	0.15	0.98	-0.1	0.93
Gross Profit	0.92	0.64	0.68	1.0		0.98	0.92	0.91	0.92	0.64	0.84	0.29	0.59	0.85	0.39	0.99	0.7	-0.94	0.15	0.97	-0.07	0.9
Other Operating Expenses	0.93	0.7	0.79	0.98	0.98		0.84	0.83	0.84	0.75	0.81	0.34	0.56	0.84	0.48	0.98	0.69	-0.92	0.23	0.96	-0.14	0.9
Operating Income	0.86	0.51	0.37	0.93	0.92	0.84		0.98	0.98	0.3	0.82	0.17	0.58	0.83	0.19	0.93	0.67	-0.83	-0.05	0.92	0.0	0.89
Ebit	0.86	0.51	0.38	0.91	0.91	0.83	0.98		1.0	0.3	0.78	0.12	0.54	0.88	0.19	0.92	0.66	-0.82	-0.05	0.9	0.0	0.88
Ebitda	0.88	0.53	0.39	0.92	0.92	0.84	0.98	1.0		0.32	0.79	0.13	0.54	0.88	0.21	0.93	0.67	-0.82	-0.04	0.91	-0.01	0.89
Total Operating Expenses	0.53	0.54	0.99	0.62	0.64	0.75	0.3	0.3	0.32		0.46	0.41	0.34	0.45	0.56	0.59	0.43	-0.7	0.43	0.56	-0.16	0.43
Income Before Tax	0.78	0.41	0.5	0.84	0.84	0.81	0.82	0.78	0.79	0.46		0.7	0.92	0.65	0.14	0.84	0.95	-0.71	-0.03	0.83	0.08	0.81
Total Other Income Expense Net	0.27	0.06	0.4	0.29	0.29	0.34	0.17	0.12	0.13	0.41	0.7		0.86	0.1	0.0	0.29	0.79	-0.17	0.02	0.3	0.14	0.29
Net Income	0.51	0.09	0.36	0.59	0.59	0.56	0.58	0.54	0.54	0.34	0.92	0.86		0.35	-0.02	0.58	0.95	-0.46	-0.09	0.57	0.31	0.55
Income Tax Expense	0.89	0.76	0.53	0.87	0.85	0.84	0.83	0.88	0.88	0.45	0.65	0.1	0.35		0.39	0.88	0.58	-0.76	-0.03	0.89	-0.36	0.88
Selling And Marketing Expenses	0.5	0.39	0.54	0.4	0.39	0.48	0.19	0.19	0.21	0.56	0.14	0.0	-0.02	0.39		0.39	0.11	-0.39	0.29	0.39	-0.11	0.36
Cost Of Revenue	0.96	0.68	0.64	1.0	0.99	0.98	0.93	0.92	0.93	0.59	0.84	0.29	0.58	0.88	0.39		0.7	-0.89	0.14	0.99	-0.12	0.95
Net Income From Continuing Ops	0.65	0.24	0.47	0.7	0.7	0.69	0.67	0.66	0.67	0.43	0.95	0.79	0.95	0.58	0.11	0.7		-0.55	-0.12	0.69	0.19	0.67
Minority Interest	-0.78	-0.65	-0.75	-0.92	-0.94	-0.92	-0.83	-0.82	-0.82	-0.7	-0.71	-0.17	-0.46	-0.76	-0.39	-0.89	-0.55		-0.2	-0.85	0.11	-0.73
Interest Income	0.18	0.27	0.37	0.15	0.15	0.23	-0.05	-0.05	-0.04	0.43	-0.03	0.02	-0.09	-0.03	0.29	0.14	-0.12	-0.2		0.14	-0.12	0.08
Tax Provision	0.98	0.7	0.6	0.98	0.97	0.96	0.92	0.9	0.91	0.56	0.83	0.3	0.57	0.89	0.39	0.99	0.69	-0.85	0.14		-0.16	0.98
Net Interest Income	-0.18	-0.79	-0.18	-0.1	-0.07	-0.14	0.0	0.0	-0.01	-0.16	0.08	0.14	0.31	-0.36	-0.11	-0.12	0.19	0.11	-0.12	-0.16		-0.19
Reconciled Depreciation	0.98	0.67	0.47	0.93	0.9	0.9	0.89	0.88	0.89	0.43	0.81	0.29	0.55	0.88	0.36	0.95	0.67	-0.73	0.08	0.98	-0.19

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TRX Gold Account Relationship Matchups

TRX Gold income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	226.2K	286K	122K	1.4M	1.6M	1.6M
Interest Expense	2.6M	7K	14K	1.7M	2.0M	2.1M
Selling General Administrative	7.7M	8.6M	8.7M	7.5M	8.7M	9.1M
Gross Profit	(226.2K)	0.0	9.4M	18.2M	20.9M	22.0M
Other Operating Expenses	8.1M	9.8M	14.6M	27.8M	31.9M	33.5M
Operating Income	(9.0M)	(11.4M)	32K	10.6M	9.5M	10.0M
Ebit	(9.0M)	(11.4M)	32K	10.6M	9.5M	10.0M
Ebitda	(8.8M)	(11.2M)	154K	11.9M	10.7M	11.3M
Total Operating Expenses	7.9M	9.8M	8.9M	7.6M	8.8M	9.2M
Income Before Tax	(12.4M)	(5.3M)	(1.9M)	12.4M	11.1M	11.7M
Total Other Income Expense Net	(3.4M)	6.2M	(2.3M)	1.8M	1.6M	1.7M
Net Income	(14.4M)	(3.1M)	(2.3M)	2.3M	2.0M	2.1M
Income Tax Expense	2.0M	(2.2M)	436K	5.3M	6.1M	6.4M
Cost Of Revenue	226.2K	0.0	5.7M	20.1M	23.1M	24.3M
Net Income From Continuing Ops	(16.2M)	(5.3M)	(2.3M)	7.0M	8.1M	8.5M
Net Income Applicable To Common Shares	(30.3M)	(15.3M)	(4.0M)	(6.2M)	(5.6M)	(5.9M)
Minority Interest	(361.6K)	1.3M	(3.9M)	(4.8M)	(4.3M)	(4.1M)
Interest Income	1.8M	3.6M	6.2M	2.2M	2.5M	3.1M
Net Interest Income	(4.6M)	(703K)	(307K)	(1.7M)	(2.0M)	(2.1M)
Reconciled Depreciation	295.9K	286K	122K	1.4M	1.6M	1.6M

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

Moving against TRX Stock

0.72	ORE	Orezone Gold Corp	Pair Corr
0.67	VZ	Verizon Communications	Pair Corr
0.62	INFM	Infinico Metals Corp	Pair Corr

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

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

Other Information on Investing in TRX Stock

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TRX Historical Income Statement

About TRX Income Statement Analysis

TRX Gold Income Statement Chart

Depreciation And Amortization

Other Operating Expenses

Total Operating Expenses

Income Before Tax

TRX Gold income statement Correlations

TRX Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TRX Gold income statement Accounts

Pair Trading with TRX Gold

Moving against TRX Stock

Other Information on Investing in TRX Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Gross Profit	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Total Operating Expenses	+ 0.99	Selling General Administrative
Cost Of Revenue	+ 0.99	Gross Profit
Tax Provision	+ 0.99	Cost Of Revenue

Minority Interest	- 0.94	Gross Profit
Minority Interest	- 0.92	Other Operating Expenses
Minority Interest	- 0.92	Total Revenue
Minority Interest	- 0.89	Cost Of Revenue
Tax Provision	- 0.85	Minority Interest
Minority Interest	- 0.83	Operating Income