Xtra Gold Return On Equity vs. EBITDA

XTG Stock  CAD 1.93  0.03  1.58%   
Based on the measurements of profitability obtained from Xtra Gold's financial statements, Xtra Gold Resources Corp may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Xtra Gold's ability to earn profits and add value for shareholders.
 
Return On Equity  
First Reported
2010-12-31
Previous Quarter
(0.02)
Current Value
(0.02)
Quarterly Volatility
0.43422376
 
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Yuan Drop
 
Covid
At this time, Xtra Gold's Average Inventory is very stable compared to the past year. As of the 22nd of December 2024, Cash Per Share is likely to grow to 0.21, while Book Value Per Share is likely to drop 0.17.
For Xtra Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Xtra Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Xtra Gold Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Xtra Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Xtra Gold Resources Corp over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Xtra Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtra Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtra 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.

Xtra Gold Resources EBITDA vs. Return On Equity Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Xtra Gold's current stock value. Our valuation model uses many indicators to compare Xtra Gold value to that of its competitors to determine the firm's financial worth.
Xtra Gold Resources Corp is rated first in return on equity category among its peers. It is rated first in ebitda category among its peers totaling about  30,742,846  of EBITDA per Return On Equity. At this time, Xtra Gold's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Xtra Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Xtra Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Xtra EBITDA vs. Return On Equity

Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Xtra Gold

Return On Equity

 = 

Net Income

Total Equity

 = 
0.0738
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Xtra Gold

EBITDA

 = 

Revenue

-

Basic Expenses

 = 
2.27 M
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.

Xtra EBITDA Comparison

Xtra Gold is currently under evaluation in ebitda category among its peers.

Xtra Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Xtra Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Xtra Gold will eventually generate negative long term returns. The profitability progress is the general direction of Xtra Gold's change in net profit over the period of time. It can combine multiple indicators of Xtra Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Operating Income-1.3 M-1.2 M
Income Before Tax876.5 K570.5 K
Total Other Income Expense Net2.1 M1.9 M
Net Income14.7 K15.5 K
Income Tax Expense861.8 K904.9 K
Net Income From Continuing Ops14.7 K14 K
Net Income Applicable To Common Shares726.5 K688.8 K
Interest Income371.5 K556.4 K
Net Interest Income371.5 K390.1 K
Change To Netincome-813 K-772.3 K
Income Quality 123.21  129.37 
Net Loss(0.19)(0.18)

Xtra Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Xtra Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Xtra Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Xtra Gold's important profitability drivers and their relationship over time.

Use Xtra Gold in pair-trading

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 Xtra 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 Xtra Gold will appreciate offsetting losses from the drop in the long position's value.

Xtra Gold Pair Trading

Xtra Gold Resources Corp Pair Trading Analysis

The ability to find closely correlated positions to Xtra 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 Xtra 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 Xtra 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 Xtra Gold Resources Corp to buy it.
The correlation of Xtra 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 Xtra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtra Gold Resources 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 Xtra 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 CorrelationCorrelation Matching

Use Investing Themes to Complement your Xtra Gold position

In addition to having Xtra Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Outsourcing Thematic Idea Now

Outsourcing
Outsourcing Theme
Companies involved in providing outsourcing and staffing services to business across different domains. The Outsourcing theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Outsourcing Theme or any other thematic opportunities.
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Other Information on Investing in Xtra Stock

To fully project Xtra Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Xtra Gold Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Xtra Gold's income statement, its balance sheet, and the statement of cash flows.
Potential Xtra Gold investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Xtra Gold investors may work on each financial statement separately, they are all related. The changes in Xtra Gold's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Xtra Gold's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.