Great Historical Income Statement
| GWO Stock | CAD 50.41 0.08 0.16% |
Historical analysis of Great West income statement accounts such as Total Revenue of 32.7 B or Gross Profit of 32.7 B can show how well Great West Lifeco performed in making a profits. Evaluating Great West income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Great West's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Great West Lifeco 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 Great West Lifeco is a good buy for the upcoming year.
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About Great Income Statement Analysis
Great West Lifeco 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 Great West shareholders. The income statement also shows Great 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).
Great West Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Great West Lifeco 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 Great West Lifeco minus its cost of goods sold. It is profit before Great West 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 Great West Lifeco. It is also known as Great West 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 Great West Lifeco income statement and represents the costs associated with goods and services Great West 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.Most accounts from Great West's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Great West Lifeco 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 Great West Lifeco. 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, Great West's Net Income From Continuing Ops is very stable compared to the past year. As of the 2nd of December 2024, Interest Income is likely to grow to about 3.5 B, while Interest Expense is likely to drop about 321.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 64.4B | 44.7B | 25.3B | 32.7B | Total Revenue | 64.4B | 44.7B | 25.3B | 32.7B |
Great West income statement Correlations
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Great West Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Great West
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 Great West 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 Great West will appreciate offsetting losses from the drop in the long position's value.Moving against Great Stock
The ability to find closely correlated positions to Great West could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great West 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 Great West - 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 Great West Lifeco to buy it.
The correlation of Great West 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 Great West moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great West Lifeco 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 Great West 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 Great Stock
Great West Lifeco 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 Great West shareholders. The income statement also shows Great 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).