Diversified Historical Income Statement
| DIV Stock | CAD 3.01 0.03 1.01% |
Historical analysis of Diversified Royalty income statement accounts such as Selling General Administrative of 4.1 M or Total Revenue of 59.3 M can show how well Diversified Royalty Corp performed in making a profits. Evaluating Diversified Royalty income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Diversified Royalty's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Diversified Royalty 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 Diversified Royalty Corp is a good buy for the upcoming year.
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About Diversified Income Statement Analysis
Diversified Royalty 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 Diversified Royalty shareholders. The income statement also shows Diversified 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).
Diversified Royalty Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Diversified Royalty Corp. It is also known as Diversified Royalty 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.Cost Of Revenue
Cost of Revenue is found on Diversified Royalty Corp income statement and represents the costs associated with goods and services Diversified Royalty 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.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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Diversified Royalty Corp financial statement analysis. It represents the amount of money remaining after all of Diversified Royalty Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Diversified Royalty's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Diversified Royalty 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diversified Royalty 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, Diversified Royalty's Total Operating Expenses is very stable compared to the past year. As of the 2nd of December 2024, Income Before Tax is likely to grow to about 45.8 M, while Selling General Administrative is likely to drop about 4.1 M.
| 2021 | 2022 | 2024 (projected) | Total Operating Expenses | 4.2M | 4.8M | 8.0M | Cost Of Revenue | 2.0M | 2.3M | 95K |
Diversified Royalty income statement Correlations
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Diversified Royalty Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Diversified Royalty income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | (22.9M) | 1.5M | 1.3M | 90K | 100K | 94.5K | |
| Interest Expense | 6.9M | 6.2M | 8.4M | 10.8M | 15.1M | 15.8M | |
| Selling General Administrative | 4.1M | 3.9M | 4.2M | 4.8M | 5.8M | 4.1M | |
| Total Revenue | 30.5M | 30.5M | 37.3M | 45.2M | 56.5M | 59.3M | |
| Other Operating Expenses | 4.1M | 3.9M | 4.2M | 4.8M | 5.7M | 5.4M | |
| Operating Income | 26.3M | 680K | 34.8M | 32.8M | 50.8M | 53.4M | |
| Ebit | 25.8M | (6.1M) | 41.9M | 40.3M | 58.7M | 61.6M | |
| Ebitda | 27.3M | (4.8M) | 42.0M | 40.4M | 58.8M | 61.7M | |
| Cost Of Revenue | 1.6M | 1.8M | 1.5M | 2.0M | 2.3M | 95K | |
| Total Operating Expenses | 4.1M | 3.9M | 4.2M | 4.8M | 5.7M | 8.0M | |
| Income Before Tax | 19.7M | (11.7M) | 32.7M | 23.5M | 43.6M | 45.8M | |
| Total Other Income Expense Net | (6.6M) | (12.4M) | (2.1M) | (9.3M) | (7.2M) | (6.9M) | |
| Net Income | 14.0M | (8.9M) | 23.5M | 15.6M | 31.7M | 33.3M | |
| Income Tax Expense | 5.7M | (2.8M) | 9.2M | 7.9M | 11.9M | 12.5M | |
| Gross Profit | 28.7M | 29.0M | 35.3M | 42.9M | 56.4M | 59.2M | |
| Net Income From Continuing Ops | 14.0M | (8.9M) | 23.5M | 15.6M | 31.7M | 33.3M | |
| Net Income Applicable To Common Shares | 14.0M | (8.9M) | 23.5M | 15.6M | 17.9M | 18.8M | |
| Tax Provision | 5.7M | (2.8M) | 9.2M | 7.9M | 11.9M | 6.2M | |
| Interest Income | 5.7M | 65K | 2.1M | 168K | 243K | 230.9K | |
| Net Interest Income | (6.4M) | (6.9M) | (9.2M) | (12.0M) | (15.0M) | (14.2M) |
Pair Trading with Diversified Royalty
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 Diversified Royalty 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 Diversified Royalty will appreciate offsetting losses from the drop in the long position's value.Moving together with Diversified Stock
The ability to find closely correlated positions to Diversified Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diversified Royalty 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 Diversified Royalty - 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 Diversified Royalty Corp to buy it.
The correlation of Diversified Royalty 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 Diversified Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diversified Royalty Corp 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 Diversified Royalty 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.Other Information on Investing in Diversified Stock
Diversified Royalty 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 Diversified Royalty shareholders. The income statement also shows Diversified 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).