Entree Historical Income Statement
| ETG Stock | CAD 2.22 0.15 6.33% |
Historical analysis of Entree Resources income statement accounts such as Total Revenue of 0.0 or Other Operating Expenses of 9 K can show how well Entree Resources performed in making a profits. Evaluating Entree Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Entree Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Entree Resources 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 Entree Resources is a good buy for the upcoming year.
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About Entree Income Statement Analysis
Entree Resources 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 Entree Resources shareholders. The income statement also shows Entree 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).
Entree Resources 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 Entree Resources. It is also known as Entree 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.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from Entree Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Entree Resources 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 Entree Resources. 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. As of the 11th of December 2024, Interest Expense is likely to drop to about 381.9 K. In addition to that, Selling General Administrative is likely to drop to 1,902
Entree Resources income statement Correlations
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Entree Resources Account Relationship Matchups
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High Negative Relationship
Entree Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 319K | 338K | 365K | 369K | 402K | 381.9K | |
| Selling General Administrative | 1.8M | 2.0M | 2.3M | 2.9M | 2.0K | 1.9K | |
| Gross Profit | (105K) | (98K) | (118K) | (124K) | (115K) | (109.3K) | |
| Other Operating Expenses | 2.1M | 2.3M | 3.0M | 3.6M | 9.5K | 9.0K | |
| Operating Income | (2.1M) | (2.3M) | (3.0M) | (3.6M) | (4.5K) | (4.8K) | |
| Ebit | (5.5M) | (5.9M) | (7.2M) | (8.2M) | (16.5K) | (17.4K) | |
| Ebitda | (5.4M) | (5.8M) | (7.1M) | (8.0M) | (4.5K) | (4.8K) | |
| Total Operating Expenses | 2.0M | 2.2M | 2.8M | 3.4M | 9.5K | 9.0K | |
| Net Income | (5.6M) | (6.2M) | (7.7M) | (9.6M) | (9.6K) | (10.1K) | |
| Income Tax Expense | 46K | 152K | 130K | 532K | (167.9K) | (176.3K) | |
| Depreciation And Amortization | 105K | 98K | 118K | 124K | 12K | 11.4K | |
| Income Before Tax | (5.5M) | (6M) | (7.6M) | (9.1M) | (9.6K) | (10.1K) | |
| Total Other Income Expense Net | (3.4M) | (3.7M) | (4.6M) | (5.5M) | (5.0K) | (5.3K) | |
| Cost Of Revenue | 105K | 98K | 118K | 124K | 115K | 88.3K | |
| Net Income From Continuing Ops | (5.5M) | (6M) | (7.6M) | (9.1M) | (9.6M) | (10.1M) | |
| Net Income Applicable To Common Shares | (5.2M) | (5.5M) | (6M) | (7.6M) | (8.7M) | (9.1M) | |
| Interest Income | 166K | 80K | 25K | 147K | 333K | 190.8K | |
| Net Interest Income | (3.5M) | (3.7M) | (4.4M) | (4.5M) | (4.5M) | (4.8M) | |
| Reconciled Depreciation | 105K | 98K | 118K | 124K | 115K | 94.6K |
Pair Trading with Entree Resources
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 Entree Resources 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 Entree Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Entree Stock
| 0.58 | NG | NovaGold Resources | PairCorr |
| 0.38 | INFM | Infinico Metals Corp | PairCorr |
| 0.35 | HPQ | HPQ Silicon Resources | PairCorr |
The ability to find closely correlated positions to Entree Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entree Resources 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 Entree Resources - 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 Entree Resources to buy it.
The correlation of Entree Resources 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 Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree Resources 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 Entree Resources 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 Entree Stock
Entree Resources 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 Entree Resources shareholders. The income statement also shows Entree 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).