See more : Singatron Enterprise Co.,Ltd (6126.TWO) Income Statement Analysis – Financial Results
Complete financial analysis of Golden Ocean Group Limited (GOGL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Golden Ocean Group Limited, a leading company in the Marine Shipping industry within the Industrials sector.
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Golden Ocean Group Limited (GOGL)
About Golden Ocean Group Limited
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 885.77M | 1.11B | 1.20B | 607.94M | 705.80M | 656.07M | 460.02M | 257.81M | 189.63M | 96.72M | 37.55M | 37.32M | 94.52M | 95.90M | 67.34M | 82.91M | 88.16M | 105.73M | 100.18M | 135.70M | 75.25M | 40.28M | 61.53M | 76.34M | 40.28M | 45.04M | 42.14M |
| Cost of Revenue | 675.88M | 691.77M | 675.02M | 563.89M | 589.85M | 498.52M | 399.89M | 312.85M | 248.20M | 72.19M | 25.79M | 23.05M | 30.02M | 30.15M | 8.59M | 18.55M | 28.42M | 35.85M | 33.67M | 24.11M | 0.00 | 0.00 | 0.00 | 0.00 | 400.00K | 400.00K | 300.00K |
| Gross Profit | 209.88M | 421.69M | 528.16M | 44.05M | 115.95M | 157.55M | 60.13M | -55.05M | -58.57M | 24.52M | 11.76M | 14.27M | 64.50M | 65.75M | 58.75M | 64.37M | 59.74M | 69.88M | 66.51M | 111.59M | 75.25M | 40.28M | 61.53M | 76.34M | 39.88M | 44.64M | 41.84M |
| Gross Profit Ratio | 23.70% | 37.87% | 43.90% | 7.25% | 16.43% | 24.01% | 13.07% | -21.35% | -30.88% | 25.36% | 31.32% | 38.23% | 68.24% | 68.57% | 87.25% | 77.63% | 67.77% | 66.09% | 66.39% | 82.23% | 100.00% | 100.00% | 100.00% | 100.00% | 99.01% | 99.11% | 99.29% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.08M | 20.38M | 18.15M | 13.72M | 14.12M | 14.71M | 12.56M | 12.73M | 12.47M | 5.04M | 4.94M | 4.26M | 0.00 | 3.02M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 600.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 18.68M | 20.38M | 18.15M | 13.72M | 14.12M | 14.71M | 12.56M | 12.73M | 12.47M | 5.04M | 4.94M | 4.26M | 3.53M | 3.02M | 20.65M | 1.54M | 1.48M | 1.49M | 988.00K | 1.11M | 864.10K | 805.43K | 800.92K | 807.36K | 841.02K | 841.14K | 708.30K |
| Other Expenses | 2.59M | 413.00K | 2.01M | -2.97M | 1.17M | -4.39M | 501.00K | -1.86M | -9.63M | -737.00K | -508.00K | -475.00K | 22.76M | 19.57M | 14.34M | 13.71M | 45.43M | 52.97M | 50.79M | 41.33M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 14.86M |
| Operating Expenses | 18.68M | 20.79M | 20.16M | 10.76M | 15.29M | 11.72M | 8.68M | 14.53M | 17.20M | 5.04M | 4.94M | 4.26M | 26.29M | 22.59M | 35.00M | 15.25M | 46.91M | 54.46M | 51.78M | 42.44M | 18.46M | 18.40M | 18.39M | 18.40M | 18.43M | 18.43M | 15.56M |
| Cost & Expenses | 697.16M | 712.55M | 695.17M | 574.65M | 605.14M | 510.24M | 408.57M | 327.38M | 265.40M | 77.23M | 30.72M | 27.31M | 56.30M | 52.73M | 43.58M | 33.80M | 75.33M | 90.31M | 85.45M | 66.55M | 18.46M | 18.40M | 18.39M | 18.40M | 18.83M | 18.83M | 15.86M |
| Interest Income | 4.72M | 2.35M | 484.00K | 1.19M | 4.43M | 7.58M | 2.21M | 1.67M | 849.00K | 29.00K | 41.00K | 106.00K | 52.00K | 54.00K | 123.00K | 2.34M | 1.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 103.66M | 56.25M | 39.91M | 47.48M | 59.55M | 75.11M | 59.84M | 44.17M | 28.27M | 2.53M | 2.83M | 3.77M | 4.96M | 3.94M | 1.90M | 3.22M | 6.37M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 900.00K | 2.00M |
| Depreciation & Amortization | 135.55M | 129.84M | 123.70M | 111.30M | 93.85M | 92.15M | 78.09M | 63.43M | 54.29M | 20.25M | 11.64M | 21.36M | 22.76M | 20.37M | 14.53M | 13.71M | 17.16M | 17.19M | 17.19M | 17.22M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 14.86M |
| EBITDA | 352.02M | 530.74M | 691.22M | 21.24M | 190.82M | 252.02M | 131.02M | -18.54M | -139.22M | 18.65M | 17.90M | 20.76M | 60.37M | 62.06M | 37.92M | 64.98M | 108.23M | 69.72M | 66.40M | 110.94M | 74.38M | 39.47M | 60.73M | 75.53M | 39.43M | 43.80M | 39.43M |
| EBITDA Ratio | 39.74% | 51.57% | 54.45% | 21.56% | 28.45% | 36.84% | 29.75% | -2.91% | -15.96% | 40.35% | 47.93% | 83.08% | 64.57% | 67.01% | 57.31% | 76.00% | 34.23% | 30.89% | 31.94% | 63.64% | 99.41% | 99.05% | 99.38% | 99.55% | 97.91% | 96.13% | 93.57% |
| Operating Income | 188.61M | 435.09M | 513.61M | 19.77M | 100.66M | 145.01M | 50.08M | -70.26M | -239.15M | 19.49M | 6.82M | 10.01M | 38.21M | 43.17M | 23.76M | 49.12M | 90.37M | 51.27M | 48.40M | 93.25M | 56.79M | 21.88M | 43.14M | 57.94M | 21.84M | 26.61M | 26.57M |
| Operating Income Ratio | 21.29% | 39.08% | 42.69% | 3.25% | 14.26% | 22.10% | 10.89% | -27.25% | -126.11% | 20.15% | 18.18% | 26.82% | 40.43% | 45.01% | 35.28% | 59.24% | 102.50% | 48.49% | 48.31% | 68.72% | 75.47% | 54.32% | 70.11% | 75.90% | 54.23% | 59.07% | 63.06% |
| Total Other Income/Expenses | -75.80M | 27.14M | 14.00M | -75.88M | -63.23M | -60.25M | -52.37M | -57.61M | 14.26M | -3.23M | -3.29M | -4.13M | 1.61M | -3.41M | -2.08M | -1.06M | -90.37M | -51.27M | -48.40M | -7.42M | -421.30K | -421.41K | -421.66K | -463.62K | -400.00K | 500.00K | 1.70M |
| Income Before Tax | 112.81M | 462.23M | 527.61M | -137.54M | 37.43M | 84.77M | -2.29M | -127.87M | -220.65M | 16.25M | 3.53M | 5.87M | 32.65M | 38.56M | 23.45M | 48.93M | 12.83M | 15.42M | 14.73M | 69.15M | 56.37M | 21.46M | 42.72M | 57.47M | 21.44M | 27.11M | 28.27M |
| Income Before Tax Ratio | 12.74% | 41.51% | 43.85% | -22.62% | 5.30% | 12.92% | -0.50% | -49.60% | -116.36% | 16.81% | 9.40% | 15.74% | 34.55% | 40.21% | 34.83% | 59.02% | 14.55% | 14.58% | 14.70% | 50.96% | 74.91% | 53.27% | 69.42% | 75.29% | 53.24% | 60.18% | 67.10% |
| Income Tax Expense | 541.00K | 379.00K | 389.00K | 131.00K | 237.00K | 232.00K | 56.00K | -155.00K | 189.00K | 258.00K | 7.43M | 59.31M | 657.00K | 724.00K | 485.00K | -1.97M | -71.82M | -30.25M | -29.15M | -16.71M | 9.75M | 9.75M | 9.65M | 9.68M | 9.27M | 8.32M | 5.09M |
| Net Income | 112.27M | 461.85M | 527.22M | -137.67M | 37.19M | 84.53M | -2.35M | -127.71M | -220.84M | 16.00M | -3.90M | -53.43M | 32.65M | 38.56M | 21.68M | 48.05M | 84.84M | 45.72M | 43.97M | 85.84M | 47.46M | 12.55M | 33.92M | 48.72M | 12.57M | 17.39M | 19.48M |
| Net Income Ratio | 12.67% | 41.48% | 43.82% | -22.65% | 5.27% | 12.88% | -0.51% | -49.54% | -116.46% | 16.54% | -10.40% | -143.18% | 34.55% | 40.21% | 32.20% | 57.96% | 96.23% | 43.24% | 43.89% | 63.26% | 63.07% | 31.16% | 55.12% | 63.83% | 31.22% | 38.60% | 46.23% |
| EPS | 0.56 | 2.30 | 2.74 | -0.96 | 0.26 | 0.59 | -0.02 | -1.34 | -7.30 | 1.38 | -0.70 | -10.07 | 6.17 | 9.30 | 5.85 | 12.94 | 22.84 | 12.29 | 11.83 | 23.11 | 12.80 | 3.36 | 9.12 | 13.12 | 3.41 | 4.70 | 7.41 |
| EPS Diluted | 0.56 | 2.30 | 2.73 | -0.96 | 0.26 | 0.59 | -0.02 | -1.34 | -7.30 | 1.38 | -0.70 | -10.01 | 6.12 | 9.30 | 5.85 | 12.94 | 22.84 | 12.29 | 11.83 | 23.11 | 12.80 | 3.36 | 9.12 | 13.12 | 3.41 | 4.70 | 7.41 |
| Weighted Avg Shares Out | 199.92M | 200.69M | 192.36M | 143.57M | 143.79M | 144.13M | 125.02M | 95.24M | 30.24M | 11.39M | 5.56M | 5.31M | 5.30M | 4.15M | 3.71M | 3.71M | 3.71M | 3.72M | 3.72M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 2.63M |
| Weighted Avg Shares Out (Dil) | 200.48M | 201.19M | 192.97M | 143.57M | 143.88M | 144.43M | 125.02M | 95.24M | 30.27M | 11.42M | 5.60M | 5.34M | 5.34M | 4.15M | 3.71M | 3.71M | 3.71M | 3.72M | 3.72M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 2.63M |
Should You Buy Golden Ocean Group (GOGL) After Golden Cross?
From a technical perspective, Golden Ocean Group Limited (GOGL) is looking like an interesting pick, as it just reached a key level of support. GOGL's 50-day simple moving average crossed above its 200-day simple moving average, which is known as...
Golden Ocean: Steaming Ahead With More Profits To Come
Dry bulk shipping rates have been volatile, with a recent doubling of rates for Capesize vessels driven by Chinese demand. Golden Ocean Group Limited has seen a 16% total return since June, outperforming the S&P500. We estimate that GOGL's EPS...
Golden Ocean Group (GOGL) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
Golden Ocean Group (GOGL) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates...
Wall Street Analysts Believe Golden Ocean Group (GOGL) Could Rally 25.2%: Here's is How to Trade
The consensus price target hints at a 25.2% upside potential for Golden Ocean Group (GOGL). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness...
Golden Ocean: Red Hot Iron Ore Demand Spurs Dry Bulk Recovery
GOGL has benefited from its low cost break-even rates and recovering TCE rates for Capesize vessels, as the demand for iron ore grows in China. With the Baltic Dry Index already bottoming by early 2023 and recovering beyond pre-pandemic levels,...
Does Golden Ocean Group (GOGL) Have the Potential to Rally 38.31% as Wall Street Analysts Expect?
The average of price targets set by Wall Street analysts indicates a potential upside of 38.3% in Golden Ocean Group (GOGL). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate...
Golden Ocean Group Limited (GOGL) Q3 2023 Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL ) Q3 2023 Earnings Conference Call November 21, 2023 9:00 AM ET Company Participants Lars-Christian Svensen - Interim CEO Peder Simonsen - CFO Conference Call Participants Sherif Elmaghrabi - BTIG Omar Nokta - Jefferies Lars-Christian...
Golden Ocean Group (GOGL) Beats Q3 Earnings and Revenue Estimates
Golden Ocean Group (GOGL) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.52 per share a year ago.
GOGL – Q3 2023 Presentation
Please find enclosed the presentation of Golden Ocean Group Limited's third quarter 2023 results for today's webcast / conference call at 15:00 CET.
GOGL – Third Quarter 2023 Results
Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the three and nine months ended September 30, 2023.
Source: https://incomestatements.info
Category: Stock Reports