Canadian Historical Income Statement
LFE Stock | CAD 6.98 0.07 0.99% |
Historical analysis of Canadian Life income statement accounts such as Operating Income of 25.7 M can show how well Canadian Life Companies performed in making a profits. Evaluating Canadian Life income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canadian Life's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Canadian Life Companies 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 Canadian Life Companies is a good buy for the upcoming year.
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About Canadian Income Statement Analysis
Canadian Life Companies 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 Canadian Life shareholders. The income statement also shows Canadian 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).
Canadian Life Income Statement Chart
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Cost Of Revenue
Cost of Revenue is found on Canadian Life Companies income statement and represents the costs associated with goods and services Canadian Life 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.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Canadian Life's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canadian Life Companies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Canadian Life Companies. 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, Canadian Life's Income Before Tax is very stable compared to the past year. As of the 4th of December 2024, Selling General Administrative is likely to grow to about 493.3 K, while Depreciation And Amortization is likely to drop (25.8 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 171.3K | 378.8K | 435.6K | 457.4K | Net Interest Income | 171.3K | 378.8K | 435.6K | 457.4K |
Canadian Life income statement Correlations
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Canadian Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Canadian Life income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 21.6M | (27.3M) | (3.4M) | (21.4M) | (24.6M) | (25.8M) | |
Total Revenue | (21.2M) | 27.6M | 4.0M | 23.1M | 26.6M | 27.9M | |
Gross Profit | (22.8M) | 26.0M | 2.6M | 23.1M | 26.6M | 27.9M | |
Other Operating Expenses | 735.7K | 638.2K | 663.4K | 576.4K | 518.8K | 492.8K | |
Operating Income | (21.9M) | 27.0M | 3.3M | 21.3M | 24.5M | 25.7M | |
Ebit | (43.5M) | 54.2M | 6.7M | 21.3M | 24.5M | 25.7M | |
Ebitda | (21.9M) | 27.0M | 3.3M | (77.8K) | (89.5K) | (85.0K) | |
Total Operating Expenses | 735.7K | 638.2K | 663.4K | 576.4K | 518.8K | 492.8K | |
Total Other Income Expense Net | (1.3M) | (8.2M) | (8.7M) | (9.5M) | (11.0M) | (10.4M) | |
Net Income | (21.9M) | 27.0M | 3.4M | 11.7M | 13.5M | 14.2M | |
Income Tax Expense | 63.4K | 36.8K | (81.6K) | 2.5K | 2.8K | 3.0K | |
Cost Of Revenue | 1.6M | 1.6M | 1.4M | 1.5M | 1.3M | 1.2M | |
Income Before Tax | (21.9M) | 27.0M | 3.3M | 11.7M | 13.5M | 14.2M | |
Selling General Administrative | 506.2K | 422.9K | 411.0K | 408.8K | 367.9K | 493.3K | |
Net Income From Continuing Ops | (21.9M) | 27.0M | 3.3M | 21.3M | 24.5M | 25.7M | |
Net Income Applicable To Common Shares | 25.6M | (30.7M) | 18.7M | (5.1M) | (4.6M) | (4.4M) | |
Net Interest Income | 38.2K | 207.0 | 171.3K | 378.8K | 435.6K | 457.4K | |
Interest Income | 38.2K | 207.0 | 171.3K | 378.8K | 435.6K | 457.4K | |
Research Development | 1.95 | 2.19 | 0.52 | 1.43 | 1.29 | 1.32 |
Pair Trading with Canadian Life
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 Canadian Life 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 Canadian Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
0.62 | CEF | Sprott Physical Gold | PairCorr |
0.61 | PHYS | Sprott Physical Gold | PairCorr |
0.62 | EVT | Economic Investment Trust | PairCorr |
The ability to find closely correlated positions to Canadian Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Life 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 Canadian Life - 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 Canadian Life Companies to buy it.
The correlation of Canadian Life 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 Canadian Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Life Companies 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 Canadian Life 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 Canadian Stock
Canadian Life Companies 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 Canadian Life shareholders. The income statement also shows Canadian 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).