Geodrill Historical Income Statement
| GEO Stock | CAD 2.86 0.06 2.14% |
Historical analysis of Geodrill income statement accounts such as Selling General Administrative of 16.9 M or Total Revenue of 82.6 M can show how well Geodrill Limited performed in making a profits. Evaluating Geodrill income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Geodrill's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Geodrill Limited 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 Geodrill Limited is a good buy for the upcoming year.
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About Geodrill Income Statement Analysis
Geodrill Limited 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 Geodrill shareholders. The income statement also shows Geodrill 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).
Geodrill Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Geodrill Limited 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 Geodrill Limited minus its cost of goods sold. It is profit before Geodrill 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.Operating Income
Operating Income is the amount of profit realized from Geodrill Limited 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 Geodrill Limited 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Geodrill income statement and is an important metric when analyzing Geodrill Limited profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Geodrill Limited financial statement analysis. It represents the amount of money remaining after all of Geodrill Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Geodrill's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Geodrill Limited 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geodrill Limited. 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, Geodrill's Tax Provision is very stable compared to the past year. As of the 1st of December 2024, Minority Interest is likely to grow to about 144 K, while Depreciation And Amortization is likely to drop about 8.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 654.2K | 690.8K | 927.1K | 619.7K | Depreciation And Amortization | 9.0M | 10.0M | 11.1M | 8.5M |
Geodrill income statement Correlations
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Geodrill Account Relationship Matchups
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Geodrill income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 7.4M | 8.1M | 9.0M | 10.0M | 11.1M | 8.5M | |
| Interest Expense | 485.4K | 219.1K | 654.2K | 690.8K | 927.1K | 619.7K | |
| Selling General Administrative | 9.9M | 10.1M | 10.3M | 11.6M | 20.5M | 16.9M | |
| Total Revenue | 87.4M | 82.4M | 115.2M | 138.6M | 130.5M | 82.6M | |
| Gross Profit | 22.2M | 20.9M | 30.1M | 40.6M | 30.6M | 27.6M | |
| Other Operating Expenses | 75.1M | 71.7M | 96.4M | 110.5M | 121.1M | 72.0M | |
| Operating Income | 12.6M | 10.8M | 20.4M | 28.3M | 9.4M | 10.6M | |
| Ebit | 12.3M | 10.8M | 18.9M | 28.3M | 9.4M | 10.5M | |
| Ebitda | 19.7M | 19.0M | 27.9M | 38.4M | 20.6M | 18.9M | |
| Cost Of Revenue | 65.2M | 61.5M | 85.1M | 98.0M | 100.0M | 55.0M | |
| Total Operating Expenses | 9.9M | 10.1M | 11.2M | 12.4M | 21.1M | 17.1M | |
| Income Before Tax | 12.2M | 10.6M | 19.8M | 27.6M | 8.5M | 9.8M | |
| Total Other Income Expense Net | (150.1K) | (218.6K) | (654.2K) | (690.8K) | (927.1K) | (973.4K) | |
| Net Income | 3.9M | 7.5M | 14.1M | 18.9M | 3.9M | 5.3M | |
| Income Tax Expense | 8.3M | 3.1M | 5.7M | 8.7M | 4.8M | 4.6M | |
| Net Income From Continuing Ops | 3.9M | 7.5M | 14.1M | 18.9M | 3.8M | 4.7M | |
| Net Income Applicable To Common Shares | 3.9M | 7.5M | 14.1M | 18.9M | 21.8M | 22.8M | |
| Tax Provision | 8.3M | 3.1M | 5.7M | 8.7M | 4.8M | 6.1M | |
| Interest Income | 482.5K | 547.0 | 654.2K | 690.8K | 621.8K | 420.6K | |
| Net Interest Income | (482.5K) | (218.6K) | (654.2K) | (690.8K) | (927.1K) | (880.7K) | |
| Reconciled Depreciation | 7.4M | 8.1M | 9.0M | 10.0M | 11.1M | 9.3M |
Pair Trading with Geodrill
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 Geodrill 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 Geodrill will appreciate offsetting losses from the drop in the long position's value.Moving together with Geodrill Stock
Moving against Geodrill Stock
The ability to find closely correlated positions to Geodrill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Geodrill 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 Geodrill - 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 Geodrill Limited to buy it.
The correlation of Geodrill 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 Geodrill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geodrill Limited 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 Geodrill 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 Geodrill Stock
Geodrill Limited 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 Geodrill shareholders. The income statement also shows Geodrill 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).