Canoe Historical Income Statement
| EIT-UN Stock | CAD 15.07 0.21 1.37% |
Historical analysis of Canoe EIT income statement accounts such as Total Revenue of 162.2 M or Gross Profit of 147.1 M can show how well Canoe EIT Income performed in making a profits. Evaluating Canoe EIT income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canoe EIT's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Canoe EIT Income 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 Canoe EIT Income is a good buy for the upcoming year.
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About Canoe Income Statement Analysis
Canoe EIT Income 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 Canoe EIT shareholders. The income statement also shows Canoe 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).
Canoe EIT Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts Canoe EIT Income 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Canoe EIT Income minus its cost of goods sold. It is profit before Canoe EIT operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Canoe EIT Income. It is also known as Canoe EIT 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.Operating Income
Operating Income is the amount of profit realized from Canoe EIT Income operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canoe EIT Income is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Canoe EIT's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canoe EIT Income 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 Canoe EIT Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Canoe EIT's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 171.1 M, whereas Interest Expense is forecasted to decline to about 3.9 M.
Canoe EIT income statement Correlations
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Canoe EIT Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canoe EIT income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.1M | 1.5M | 886K | 2.2M | 5.8M | 3.9M | |
| Selling General Administrative | 6.2M | 7.1M | 6.6M | 7.4M | 7.5M | 5.7M | |
| Total Revenue | 187.7M | 80.5M | 597.1M | 278.1M | 172.5M | 162.2M | |
| Gross Profit | 168.2M | 60.0M | 576.6M | 250.8M | 174.8M | 147.1M | |
| Other Operating Expenses | 20.0M | 21.0M | 21.3M | 22.8M | 29.8M | 15.8M | |
| Operating Income | 167.6M | 59.6M | 575.9M | 255.4M | 139.4M | 136.6M | |
| Ebitda | 167.6M | 59.6M | 575.9M | 255.4M | 1.7M | 1.6M | |
| Cost Of Revenue | 19.5M | 20.5M | 20.5M | 27.3M | (2.4M) | (2.2M) | |
| Total Operating Expenses | 20.0M | 21.0M | 21.3M | 22.8M | 29.8M | 31.3M | |
| Income Before Tax | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 124.6M | |
| Total Other Income Expense Net | (17.8M) | (13.5M) | (17.2M) | (23.3M) | (14.7M) | (15.4M) | |
| Net Income | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 124.6M | |
| Depreciation And Amortization | (185.5M) | (69.8M) | (589.0M) | (274.0M) | (139.4M) | (146.3M) | |
| Ebit | 353.1M | 129.3M | 1.2B | 529.3M | 141.1M | 134.0M | |
| Income Tax Expense | 167.6M | 59.6M | 575.9M | 255.4M | 124.7M | 171.1M | |
| Net Income Applicable To Common Shares | (67.9M) | 167.6M | 59.6M | 575.9M | 662.2M | 695.4M | |
| Net Interest Income | 2.2M | (908K) | (845K) | (385K) | (577K) | (548.2K) | |
| Interest Income | 5.3M | 594K | 41K | 1.8M | 5.2M | 2.9M | |
| Net Income From Continuing Ops | 178.3M | 70.1M | 586.5M | 255.4M | 124.7M | 192.2M |
Pair Trading with Canoe EIT
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 Canoe EIT 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 Canoe EIT will appreciate offsetting losses from the drop in the long position's value.Moving together with Canoe Stock
Moving against Canoe Stock
The ability to find closely correlated positions to Canoe EIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoe EIT 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 Canoe EIT - 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 Canoe EIT Income to buy it.
The correlation of Canoe EIT 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 Canoe EIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoe EIT Income 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 Canoe EIT 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 Canoe Stock
Canoe EIT Income 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 Canoe EIT shareholders. The income statement also shows Canoe 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).