First Historical Income Statement
| AG Stock | 8.35 0.33 3.80% |
Historical analysis of First Majestic income statement accounts such as Total Revenue of 605.2 M, Gross Profit of 48.3 M or Other Operating Expenses of 792.9 M can show how well First Majestic Silver performed in making a profits. Evaluating First Majestic income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Majestic's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining First Majestic 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 First Majestic Silver is a good buy for the upcoming year.
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About First Income Statement Analysis
First Majestic 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 First Majestic shareholders. The income statement also shows First 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).
First Majestic Income Statement Chart
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Total Revenue
Total revenue comprises all receipts First Majestic Silver generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Majestic Silver. It is also known as First Majestic 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 First Majestic Silver income statement and represents the costs associated with goods and services First Majestic 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.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from First Majestic's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Majestic 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic 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 estimate. At this time, First Majestic's Interest Expense is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 587.2M | 626.9M | 576.4M | 605.2M | Depreciation And Amortization | 116.4M | 137.4M | 126.2M | 132.5M |
First Majestic income statement Correlations
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First Majestic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Majestic income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 67.2M | 64.7M | 116.4M | 137.4M | 126.2M | 132.5M | |
| Total Revenue | 368.8M | 366.7M | 587.2M | 626.9M | 576.4M | 605.2M | |
| Gross Profit | 67.9M | 105.1M | 101.4M | 16.8M | 25.6M | 48.3M | |
| Other Operating Expenses | 346.1M | 318.7M | 540.4M | 678.5M | 755.2M | 792.9M | |
| Operating Income | 28.4M | 40.4M | 49.2M | (50.5M) | (178.8M) | (169.8M) | |
| Ebit | (27.0M) | 40.4M | 49.2M | (48.5M) | (180.7M) | (171.6M) | |
| Ebitda | 40.2M | 105.0M | 165.6M | 88.9M | (54.5M) | (51.8M) | |
| Total Operating Expenses | 45.1M | 57.1M | 54.6M | 68.4M | 204.4M | 214.6M | |
| Income Before Tax | (39.0M) | 29.7M | 25.3M | (61.4M) | (195.9M) | (186.1M) | |
| Total Other Income Expense Net | (67.4M) | (10.6M) | (24.0M) | (9.8M) | (17.1M) | (18.0M) | |
| Net Income | (40.5M) | 23.1M | (4.9M) | (114.3M) | (135.1M) | (128.4M) | |
| Income Tax Expense | 1.5M | 6.6M | 30.2M | 52.9M | (60.8M) | (57.8M) | |
| Cost Of Revenue | 301.0M | 261.6M | 485.8M | 610.1M | 550.7M | 578.3M | |
| Interest Expense | 12.0M | 12.1M | 12.6M | 12.9M | 15.2M | 16.0M | |
| Selling General Administrative | 33.5M | 31.2M | 37.7M | 48.7M | 50.4M | 31.0M |
Pair Trading with First Majestic
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 First Majestic 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 First Majestic will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
The ability to find closely correlated positions to First Majestic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Majestic 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 First Majestic - 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 First Majestic Silver to buy it.
The correlation of First Majestic 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 First Majestic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Majestic 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 First Majestic 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in First Majestic 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 estimate. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.