Chorus Historical Income Statement

CHR Stock  CAD 2.94  0.01  0.34%   
Historical analysis of Chorus Aviation income statement accounts such as Selling General Administrative of 547.4 M, Other Operating Expenses of 1.4 B or Operating Income of 142.8 M can show how well Chorus Aviation performed in making a profits. Evaluating Chorus Aviation income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Chorus Aviation's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Chorus Aviation 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 Chorus Aviation 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 Chorus Aviation. 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 Chorus Income Statement Analysis

Chorus Aviation 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 Chorus Aviation shareholders. The income statement also shows Chorus 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).

Chorus Aviation Income Statement Chart

At this time, Chorus Aviation's Interest Expense is very stable compared to the past year. As of the 23rd of December 2024, Total Operating Expenses is likely to grow to about 246.3 M, while Selling General Administrative is likely to drop about 547.4 M.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Chorus Aviation. It is also known as Chorus Aviation 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 Chorus Aviation's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Chorus Aviation 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 Chorus Aviation. 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, Chorus Aviation's Interest Expense is very stable compared to the past year. As of the 23rd of December 2024, Total Operating Expenses is likely to grow to about 246.3 M, while Selling General Administrative is likely to drop about 547.4 M.
 2021 2022 2023 2024 (projected)
Total Revenue1.0B1.6B1.7B1.1B
Depreciation And Amortization201.1M182.1M238.0M249.9M

Chorus Aviation income statement Correlations

-0.10.060.450.79-0.1-0.03-0.73-0.070.210.97-0.23-0.320.45-0.12-0.11-0.18-0.34-0.990.91
-0.10.930.490.190.60.510.020.420.51-0.140.79-0.030.230.240.20.3-0.030.19-0.19
0.060.930.590.290.390.45-0.210.340.560.00.85-0.260.260.490.080.310.080.03-0.05
0.450.490.590.770.00.72-0.430.580.70.370.54-0.350.810.370.470.32-0.28-0.350.28
0.790.190.290.77-0.070.46-0.450.420.290.740.1-0.410.810.00.33-0.16-0.49-0.730.69
-0.10.60.390.0-0.070.070.10.050.1-0.110.340.68-0.08-0.48-0.010.150.10.08-0.06
-0.030.510.450.720.460.070.290.970.57-0.060.49-0.110.840.310.90.42-0.490.12-0.2
-0.730.02-0.21-0.43-0.450.10.290.45-0.35-0.68-0.030.3-0.05-0.120.5-0.03-0.160.72-0.69
-0.070.420.340.580.420.050.970.450.36-0.110.37-0.10.820.20.940.25-0.510.15-0.25
0.210.510.560.70.290.10.57-0.350.360.230.47-0.110.430.450.310.82-0.33-0.130.1
0.97-0.140.00.370.74-0.11-0.06-0.68-0.110.23-0.32-0.310.39-0.15-0.13-0.12-0.47-0.970.95
-0.230.790.850.540.10.340.49-0.030.370.47-0.32-0.020.230.590.190.430.30.3-0.27
-0.32-0.03-0.26-0.35-0.410.68-0.110.3-0.1-0.11-0.31-0.02-0.22-0.540.060.270.190.23-0.2
0.450.230.260.810.81-0.080.84-0.050.820.430.390.23-0.220.140.790.15-0.55-0.380.27
-0.120.240.490.370.0-0.480.31-0.120.20.45-0.150.59-0.540.140.090.450.170.19-0.19
-0.110.20.080.470.33-0.010.90.50.940.31-0.130.190.060.790.090.28-0.540.16-0.27
-0.180.30.310.32-0.160.150.42-0.030.250.82-0.120.430.270.150.450.28-0.130.2-0.18
-0.34-0.030.08-0.28-0.490.1-0.49-0.16-0.51-0.33-0.470.30.19-0.550.17-0.54-0.130.3-0.34
-0.990.190.03-0.35-0.730.080.120.720.15-0.13-0.970.30.23-0.380.190.160.20.3-0.94
0.91-0.19-0.050.280.69-0.06-0.2-0.69-0.250.10.95-0.27-0.20.27-0.19-0.27-0.18-0.34-0.94
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Chorus Aviation Account Relationship Matchups

Chorus Aviation income statement Accounts

201920202021202220232024 (projected)
Interest Expense74.8M91.8M97.2M104.9M104.6M109.8M
Selling General Administrative491.6M322.4M373.7M514.3M591.4M547.4M
Other Operating Expenses1.2B834.2M952.3M1.4B1.4B1.4B
Operating Income200.5M114.5M71.0M188.3M262.4M142.8M
Ebitda370.0M363.1M270.5M360.9M471.9M249.9M
Total Operating Expenses159.5M115.6M134.7M235.1M209.8M246.3M
Income Before Tax158.3M47.0M(27.9M)73.9M159.9M89.8M
Total Other Income Expense Net(42.2M)(67.6M)(98.9M)(114.4M)(102.4M)(97.3M)
Net Income133.2M41.5M(20.5M)48.9M101.4M59.8M
Income Tax Expense25.1M5.5M(7.4M)21.9M53.8M56.5M
Depreciation And Amortization136.9M224.4M201.1M182.1M238.0M249.9M
Total Revenue1.4B948.7M1.0B1.6B1.7B1.1B
Gross Profit360.0M230.1M205.6M423.4M441.6M369.3M
Ebit233.1M138.8M69.3M178.7M233.9M146.3M
Cost Of Revenue1.0B718.6M817.6M1.2B1.2B1.1B
Net Income From Continuing Ops133.2M41.5M(20.5M)51.9M106.1M59.8M
Net Income Applicable To Common Shares133.2M41.5M(20.5M)26.0M23.4M22.2M
Tax Provision25.1M5.5M(7.4M)21.9M53.8M56.5M
Interest Income41.2M1.0M100.9M114.6M6.1M5.8M
Net Interest Income(71.8M)(90.8M)(96.3M)(100.8M)(98.5M)(103.4M)
Reconciled Depreciation136.9M224.4M201.1M202.6M238.0M192.8M

Pair Trading with Chorus Aviation

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 Chorus Aviation 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 Chorus Aviation will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chorus Stock

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Moving against Chorus Stock

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The ability to find closely correlated positions to Chorus Aviation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chorus Aviation 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 Chorus Aviation - 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 Chorus Aviation to buy it.
The correlation of Chorus Aviation 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 Chorus Aviation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chorus Aviation 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 Chorus Aviation 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

Other Information on Investing in Chorus Stock

Chorus Aviation 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 Chorus Aviation shareholders. The income statement also shows Chorus 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).