GURE Financial Statements

Balance sheet, income statement, cash flow, and dividends for Gulf Resources Inc (GURE).


$6.09M Market Cap.

As of 04/11/2025 5:00 PM ET (MRY) • Disclaimer

GURE Market Cap. (MRY)


GURE Shares Outstanding (MRY)


GURE Assets (MRY)


Total Assets

$169.46M

Total Liabilities

$25.75M

Total Investments

$0

GURE Income (MRY)


Revenue

$7.66M

Net Income

-$58.94M

Operating Expense

$5.32M

GURE Cash Flow (MRY)


CF Operations

$675.07K

CF Investing

-$60.55M

CF Financing

-$249.24K

GURE Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

0%

-

0%

-

GURE Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$169,455,995 (-25.24%)

$226,671,708 (-22.49%)

$292,431,342 (-5.62%)

$309,856,862 (5.38%)

Assets Current

$17,450,826 (-79.72%)

$86,069,591 (-27.93%)

$119,425,371 (3.46%)

$115,434,862 (7.57%)

Assets Non-Current

$152,005,169 (8.11%)

$140,602,117 (-18.73%)

$173,005,971 (-11.02%)

$194,422,000 (4.12%)

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$143,706,670 (-29.98%)

$205,248,296 (-24.44%)

$271,618,205 (-5.24%)

$286,639,217 (3.47%)

Property Plant & Equipment Net

$142,389,900 (10.40%)

$128,970,922 (-18.47%)

$158,179,061 (-7.58%)

$171,153,497 (8.32%)

Cash & Equivalents

$10,075,162 (-86.05%)

$72,223,894 (-33.27%)

$108,226,214 (13.01%)

$95,767,263 (1.64%)

Accumulated Other Comprehensive Income

-$20,854,143 (-15.51%)

-$18,053,269 (-38.58%)

-$13,027,289 (-209.85%)

$11,858,829 (166.30%)

Deferred Revenue

$0 (0%)

$42,705 (0%)

$0 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$315,371 (-45.36%)

$577,229 (-63.89%)

$1,598,572 (131.30%)

$691,111 (64.70%)

Trade & Non-Trade Receivables

$683,637 (-85.97%)

$4,873,178 (-9.15%)

$5,363,803 (-63.08%)

$14,526,451 (122.72%)

Trade & Non-Trade Payables

$16,908,266 (48.05%)

$11,420,594 (9.50%)

$10,429,416 (-15.75%)

$12,379,820 (143.62%)

Accumulated Retained Earnings (Deficit)

$64,025,901 (-47.93%)

$122,961,353 (-33.45%)

$184,756,632 (5.76%)

$174,697,182 (-0.53%)

Tax Assets

$0 (0%)

$1,859,025 (-65.05%)

$5,318,909 (-58.77%)

$12,900,034 (-30.61%)

Tax Liabilities

$113,999 (-76.03%)

$475,630 (-32.01%)

$699,563 (-9.82%)

$775,708 (-41.51%)

Total Debt

$8,727,060 (-7.99%)

$9,484,483 (-2.06%)

$9,684,158 (-3.76%)

$10,062,117 (-5.13%)

Debt Current

$709,593 (9.80%)

$646,278 (-0.08%)

$646,786 (-11.88%)

$734,008 (5.70%)

Debt Non-Current

$8,017,467 (-9.29%)

$8,838,205 (-2.20%)

$9,037,372 (-3.12%)

$9,328,109 (-5.88%)

Total Liabilities

$25,749,325 (20.19%)

$21,423,412 (2.93%)

$20,813,137 (-10.36%)

$23,217,645 (36.47%)

Liabilities Current

$17,731,858 (40.89%)

$12,585,207 (6.87%)

$11,775,765 (-15.22%)

$13,889,536 (95.56%)

Liabilities Non-Current

$8,017,467 (-9.29%)

$8,838,205 (-2.20%)

$9,037,372 (-3.12%)

$9,328,109 (-5.88%)

GURE Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$7,661,010 (-74.50%)

$30,043,790 (-54.54%)

$66,094,486 (20.11%)

$55,030,586 (95.10%)

Cost of Revenue

$23,627,384 (-37.22%)

$37,634,628 (-7.47%)

$40,671,781 (7.45%)

$37,850,977 (37.21%)

Selling General & Administrative Expense

$5,317,275 (23.66%)

$4,299,887 (-29.41%)

$6,090,950 (-36.47%)

$9,588,199 (-6.75%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$5,317,275 (23.66%)

$4,299,887 (-51.91%)

$8,941,009 (-25.30%)

$11,968,739 (16.15%)

Interest Expense

$91,901 (-12.65%)

$105,209 (-13.34%)

$121,402 (-11.50%)

$137,178 (0.55%)

Income Tax Expense

$1,648,182 (-53.42%)

$3,538,617 (-46.28%)

$6,586,985 (4.58%)

$6,298,218 (668.19%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$58,935,452 (4.63%)

-$61,795,279 (-714.30%)

$10,059,450 (1187.84%)

-$924,718 (89.02%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$58,935,452 (4.63%)

-$61,795,279 (-714.30%)

$10,059,450 (1187.84%)

-$924,718 (89.02%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$58,935,452 (4.63%)

-$61,795,279 (-714.30%)

$10,059,450 (1187.84%)

-$924,718 (89.02%)

Weighted Average Shares

$10,726,924 (2.79%)

$10,435,965 (3.95%)

$10,038,982 (-4.13%)

$10,471,924 (8.51%)

Weighted Average Shares Diluted

$10,726,924 (2.79%)

$10,435,965 (3.95%)

$10,038,982 (-4.13%)

$10,471,924 (8.51%)

Earning Before Interest & Taxes (EBIT)

-$57,195,369 (1.64%)

-$58,151,453 (-446.80%)

$16,767,837 (204.28%)

$5,510,678 (158.67%)

Gross Profit

-$15,966,374 (-110.34%)

-$7,590,838 (-129.86%)

$25,422,705 (47.98%)

$17,179,609 (2663.77%)

Operating Income

-$21,283,649 (-78.99%)

-$11,890,725 (-172.15%)

$16,481,696 (216.29%)

$5,210,870 (153.81%)

GURE Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$60,551,488 (0%)

$0 (0%)

-$37,560,932 (-24.82%)

-$30,093,140 (-38.55%)

Net Cash Flow from Financing

-$249,240 (6.93%)

-$267,810 (-1.11%)

-$264,863 (8.86%)

-$290,597 (-9.67%)

Net Cash Flow from Operations

$675,068 (102.06%)

-$32,751,851 (-164.03%)

$51,149,065 (119.42%)

$23,311,169 (150.51%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$62,148,732 (-72.62%)

-$36,002,320 (-388.97%)

$12,458,951 (706.55%)

$1,544,725 (125.41%)

Net Cash Flow - Business Acquisitions and Disposals

-$25,275 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$60,526,213 (0%)

$0 (0%)

-$37,560,932 (-24.82%)

-$30,093,140 (-38.55%)

Issuance (Repayment) of Debt Securities

-$249,240 (6.93%)

-$267,810 (0%)

$0 (0%)

$0 (0%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$2,023,072 (32.17%)

-$2,982,659 (-245.09%)

-$864,319 (-110.03%)

$8,617,293 (30.58%)

Share Based Compensation

$194,700 (-56.86%)

$451,350 (-32.43%)

$668,000 (-78.69%)

$3,134,080 (31.01%)

Depreciation Amortization & Accretion

$18,977,585 (-32.52%)

$28,124,106 (4.57%)

$26,895,952 (30.06%)

$20,679,132 (29.34%)

GURE Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

-208.40% (-723.72%)

-25.30% (-165.71%)

38.50% (23.40%)

31.20% (1318.18%)

Profit Margin

-769.30% (-273.99%)

-205.70% (-1453.29%)

15.20% (994.12%)

-1.70% (94.31%)

EBITDA Margin

-498.90% (-399.40%)

-99.90% (-251.13%)

66.10% (38.87%)

47.60% (103.42%)

Return on Average Equity (ROAE)

-34.80% (-40.89%)

-24.70% (-786.11%)

3.60% (1300.00%)

-0.30% (90.63%)

Return on Average Assets (ROAA)

-30.30% (-32.31%)

-22.90% (-793.94%)

3.30% (1200.00%)

-0.30% (90.32%)

Return on Sales (ROS)

-746.60% (-285.64%)

-193.60% (-862.20%)

25.40% (154.00%)

10.00% (130.03%)

Return on Invested Capital (ROIC)

-35.50% (-1.72%)

-34.90% (-515.48%)

8.40% (211.11%)

2.70% (154.00%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-0.1 (63.08%)

-0.28 (-109.03%)

3.09 (106.42%)

-48.11 (-915.86%)

Price to Sales Ratio (P/S)

0.8 (38.74%)

0.57 (22.17%)

0.47 (-43.08%)

0.82 (-41.56%)

Price to Book Ratio (P/B)

0.04 (-50.00%)

0.08 (-30.58%)

0.12 (-23.42%)

0.16 (6.04%)

Debt to Equity Ratio (D/E)

0.18 (72.12%)

0.1 (35.06%)

0.08 (-4.94%)

0.08 (32.79%)

Earnings Per Share (EPS)

-5.49 (7.26%)

-5.92 (-692.00%)

1 (1211.11%)

-0.09 (89.66%)

Sales Per Share (SPS)

0.71 (-75.20%)

2.88 (-56.27%)

6.58 (25.29%)

5.25 (79.78%)

Free Cash Flow Per Share (FCFPS)

-5.58 (-77.82%)

-3.14 (-331.76%)

1.35 (308.95%)

-0.65 (49.61%)

Book Value Per Share (BVPS)

13.4 (-31.88%)

19.67 (-27.31%)

27.06 (-1.15%)

27.37 (-4.64%)

Tangible Assets Book Value Per Share (TABVPS)

15.8 (-27.27%)

21.72 (-25.44%)

29.13 (-1.55%)

29.59 (-2.88%)

Enterprise Value Over EBIT (EV/EBIT)

0 (0%)

1 (133.33%)

-3 (62.50%)

-8 (-260.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

-0.1 (-103.75%)

2.59 (325.07%)

-1.15 (31.28%)

-1.67 (75.16%)

Asset Turnover

0.04 (-64.86%)

0.11 (-48.85%)

0.22 (18.58%)

0.18 (79.41%)

Current Ratio

0.98 (-85.61%)

6.84 (-32.57%)

10.14 (22.03%)

8.31 (-44.99%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$59,851,145 (-82.74%)

-$32,751,851 (-341.03%)

$13,588,133 (300.36%)

-$6,781,971 (45.37%)

Enterprise Value (EV)

$3,690,660 (104.75%)

-$77,638,328 (-54.75%)

-$50,168,829 (-14.58%)

-$43,783,595 (1.39%)

Earnings Before Tax (EBT)

-$57,287,270 (1.66%)

-$58,256,662 (-449.96%)

$16,646,435 (209.79%)

$5,373,500 (156.39%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$38,217,784 (-27.28%)

-$30,027,347 (-168.77%)

$43,663,789 (66.72%)

$26,189,810 (297.07%)

Invested Capital

$150,376,035 (-0.64%)

$151,347,090 (-16.89%)

$182,113,521 (-13.39%)

$210,262,180 (3.42%)

Working Capital

-$281,032 (-100.38%)

$73,484,384 (-31.74%)

$107,649,606 (6.01%)

$101,545,326 (1.33%)

Tangible Asset Value

$169,455,995 (-25.24%)

$226,671,708 (-22.49%)

$292,431,342 (-5.62%)

$309,856,862 (5.38%)

Market Capitalization

$6,087,529 (-64.63%)

$17,212,675 (-47.80%)

$32,976,245 (-27.26%)

$45,332,835 (10.06%)

Average Equity

$169,502,302 (-32.27%)

$250,265,685 (-9.31%)

$275,969,231 (-1.38%)

$279,825,738 (6.73%)

Average Assets

$194,773,682 (-27.84%)

$269,902,897 (-11.45%)

$304,812,938 (1.32%)

$300,828,828 (9.01%)

Invested Capital Average

$160,997,682 (-3.38%)

$166,622,330 (-16.32%)

$199,129,823 (-1.43%)

$202,010,208 (7.22%)

Shares

10,726,924 (2.83%)

10,431,924 (-2.25%)

10,671,924 (1.93%)

10,469,477 (4.72%)