Commerce Historical Income Statement

Stocks . Canada . 
Stock . Commerce Resources Corp
CCE Stock  CAD 0.08  0.01  6.67%   
Historical analysis of Commerce Resources income statement accounts such as Other Operating Expenses of 1.9 M, Total Operating Expenses of 1.9 M or Total Other Income Expense Net of 15.5 K can show how well Commerce Resources Corp performed in making a profits. Evaluating Commerce Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Commerce Resources's future profits or losses.
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Financial Statement Analysis is much more than just reviewing and examining Commerce Resources 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 Commerce Resources Corp is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commerce Resources 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 Commerce Income Statement Analysis

Commerce Resources 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 Commerce Resources shareholders. The income statement also shows Commerce 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).
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Commerce Resources Income Statement Chart

At this time, Commerce Resources' Total Other Income Expense Net is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 19.5 K in 2024, whereas Other Operating Expenses is likely to drop slightly above 1.9 M in 2024.
Other Operating Expenses  Total Operating Expenses  Selling General Administrative  Selling And Marketing Expenses  
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Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Commerce Resources Corp. It is also known as Commerce Resources 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.
Most accounts from Commerce Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Commerce Resources 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Commerce Resources 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, Commerce Resources' Total Other Income Expense Net is fairly stable compared to the past year. Income Tax Expense is likely to climb to about 19.5 K in 2024, whereas Other Operating Expenses is likely to drop slightly above 1.9 M in 2024.

Commerce Resources income statement Correlations

Depreciation And Amortization
Other Operating Expenses
Operating Income
Ebit
Ebitda
Total Operating Expenses
Income Before Tax
Total Other Income Expense Net
Net Income
Income Tax Expense
Interest Expense
Selling General Administrative
Selling And Marketing Expenses
Net Income From Continuing Ops
Tax Provision
Net Interest Income
Interest Income
Depreciation And Amortization
-0.460.250.30.23-0.460.25-0.020.170.070.32-0.56-0.550.350.93-0.47-0.35
Other Operating Expenses
-0.46-0.63-0.79-0.591.0-0.440.17-0.44-0.230.00.090.1-0.57-0.550.11-0.04
Operating Income
0.25-0.630.220.97-0.63-0.13-0.580.01-0.22-0.13-0.020.070.150.30.020.15
Ebit
0.3-0.790.220.24-0.790.690.250.530.740.09-0.14-0.150.620.4-0.110.27
Ebitda
0.23-0.590.970.24-0.59-0.2-0.62-0.1-0.17-0.12-0.040.060.050.25-0.020.19
Total Operating Expenses
-0.461.0-0.63-0.79-0.59-0.440.17-0.43-0.230.00.10.1-0.57-0.550.12-0.04
Income Before Tax
0.25-0.44-0.130.69-0.2-0.440.810.940.650.120.04-0.040.660.310.020.24
Total Other Income Expense Net
-0.020.17-0.580.25-0.620.170.810.740.590.160.10.020.35-0.020.060.23
Net Income
0.17-0.440.010.53-0.1-0.430.940.740.410.010.120.060.690.240.150.27
Income Tax Expense
0.07-0.23-0.220.74-0.17-0.230.650.590.410.2-0.1-0.160.360.11-0.140.36
Interest Expense
0.320.0-0.130.09-0.120.00.120.160.010.2-0.23-0.180.00.27-0.85-0.25
Selling General Administrative
-0.560.09-0.02-0.14-0.040.10.040.10.12-0.1-0.230.78-0.46-0.490.24-0.15
Selling And Marketing Expenses
-0.550.10.07-0.150.060.1-0.040.020.06-0.16-0.180.78-0.5-0.590.44-0.05
Net Income From Continuing Ops
0.35-0.570.150.620.05-0.570.660.350.690.360.0-0.46-0.50.50.040.41
Tax Provision
0.93-0.550.30.40.25-0.550.31-0.020.240.110.27-0.49-0.590.5-0.46-0.29
Net Interest Income
-0.470.110.02-0.11-0.020.120.020.060.15-0.14-0.850.240.440.04-0.460.37
Interest Income
-0.35-0.040.150.270.19-0.040.240.230.270.36-0.25-0.15-0.050.41-0.290.37
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Commerce Resources Account Relationship Matchups

High Positive Relationship

Total Operating Expenses
+ 1.0
Other Operating Expenses
Ebitda
+ 0.97
Operating Income
Net Income
+ 0.94
Income Before Tax
Tax Provision
+ 0.93
Depreciation And Amortization
Total Other Income Expense Net
+ 0.81
Income Before Tax
Selling And Marketing Expenses
+ 0.78
Selling General Administrative

High Negative Relationship

Net Interest Income
- 0.85
Interest Expense
Total Operating Expenses
- 0.79
Ebit
Ebit
- 0.79
Other Operating Expenses
Total Operating Expenses
- 0.63
Operating Income
Operating Income
- 0.63
Other Operating Expenses
Total Other Income Expense Net
- 0.62
Ebitda

Commerce Resources income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization206.3K(12.6K)19.1K32.7K37.6K35.7K
Other Operating Expenses832.5K1.4M1.3M1.7M1.9M1.9M
Operating Income(823.4K)(1.4M)(680.5K)(1.7M)(1.9M)(2.0M)
Ebit(1.0M)(1.4M)(680.5K)(1.7M)(1.5M)(1.6M)
Ebitda(823.4K)(1.4M)(661.5K)(1.7M)(1.5M)(1.6M)
Total Operating Expenses832.5K1.4M1.3M1.7M1.9M1.9M
Income Before Tax(827.4K)(807.6K)(723.6K)(1.7M)(1.9M)(2.0M)
Total Other Income Expense Net(1.3K)594.1K548.0K12.9K14.8K15.5K
Net Income(827.4K)(451.1K)(723.6K)(1.7M)(2.0M)(2.0M)
Income Tax Expense(203.6K)(356.5K)591.0K20.6K18.6K19.5K
Selling General Administrative673.1K1.4M1.0M1.2M1.1M1.3M
Selling And Marketing Expenses52.1K159.4K209.4K210.8K189.7K261.8K
Net Income From Continuing Ops(827.4K)(451.1K)(723.6K)(1.7M)(2.0M)(2.0M)
Net Income Applicable To Common Shares(1.1M)(827.4K)(451.1K)(723.6K)(832.1K)(873.7K)
Net Interest Income6.4K14.4K7.9K(9.6K)(11.0K)(11.6K)
Interest Income9.1K14.4K18.7K6.4K7.4K8.7K

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Additional Tools for Commerce Stock Analysis

When running Commerce Resources' price analysis, check to measure Commerce Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Commerce Resources is operating at the current time. Most of Commerce Resources' value examination focuses on studying past and present price action to predict the probability of Commerce Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commerce Resources' price. Additionally, you may evaluate how the addition of Commerce Resources to your portfolios can decrease your overall portfolio volatility.
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