Mega Historical Income Statement
| MGA Stock | CAD 0.35 0.01 2.78% |
Historical analysis of Mega Uranium income statement accounts such as Other Operating Expenses of 6.6 M can show how well Mega Uranium performed in making a profits. Evaluating Mega Uranium income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Mega Uranium's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Mega Uranium 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 Mega Uranium is a good buy for the upcoming year.
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About Mega Income Statement Analysis
Mega Uranium 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 Mega Uranium shareholders. The income statement also shows Mega 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).
Mega Uranium 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mega Uranium. It is also known as Mega Uranium 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Mega Uranium's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Mega Uranium 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 Mega Uranium. 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, Mega Uranium's Net Income From Continuing Ops is very stable compared to the past year. As of the 15th of December 2024, Cost Of Revenue is likely to grow to about 114.7 K, though Gross Profit is likely to grow to (81.2 K).
| 2023 | 2024 (projected) | Reconciled Depreciation | 109.3K | 68.4K | Research Development | 54.9K | 48.8K |
Mega Uranium income statement Correlations
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Mega Uranium Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mega Uranium income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 26K | 16K | 10K | 311K | 357.7K | 375.5K | |
| Selling General Administrative | 1.8M | 2.3M | 4.0M | 2.9M | 3.3M | 6.0M | |
| Other Operating Expenses | 2.1M | 2.7M | 3.9M | 3.6M | 4.1M | 6.6M | |
| Operating Income | (2.1M) | (2.8M) | (3.9M) | (3.6M) | (4.1M) | (4.4M) | |
| Ebitda | (4.5M) | 12.4M | (4.2M) | (3.6M) | (3.2M) | (3.4M) | |
| Total Operating Expenses | 2.1M | 2.7M | 3.9M | 3.6M | 4.1M | 6.6M | |
| Income Before Tax | (5.3M) | 11.5M | (5.9M) | (3.4M) | (3.0M) | (3.2M) | |
| Total Other Income Expense Net | (3.2M) | 14.2M | (2.0M) | 233K | 268.0K | 281.3K | |
| Net Income | (3.7M) | 20.9M | (8.4M) | 4.4M | 4.0M | 4.2M | |
| Income Tax Expense | (1.6M) | (9.4M) | 2.5M | (7.8M) | (9.0M) | (8.5M) | |
| Depreciation And Amortization | 31K | 23K | 87K | 64K | 85.5K | 81.2K | |
| Ebit | (4.6M) | 12.3M | (4.3M) | (3.7M) | (3.3M) | (3.5M) | |
| Selling And Marketing Expenses | 31K | 32K | 114K | 142K | 127.8K | 70.8K | |
| Net Income From Continuing Ops | (3.7M) | 20.9M | (8.4M) | 4.4M | 5.1M | 5.3M | |
| Net Income Applicable To Common Shares | (5.9M) | (3.7M) | 20.9M | (8.4M) | (9.6M) | (9.2M) | |
| Interest Income | 703K | 7K | 13.8M | 7.4M | 8.5M | 8.9M | |
| Tax Provision | (1.6M) | (9.4M) | 2.5M | (7.8M) | (7.0M) | (6.7M) | |
| Net Interest Income | (19K) | (16K) | (10K) | (311K) | (279.9K) | (265.9K) |
Pair Trading with Mega Uranium
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 Mega Uranium 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 Mega Uranium will appreciate offsetting losses from the drop in the long position's value.Moving together with Mega Stock
Moving against Mega Stock
| 0.69 | SAGE | Sage Potash Corp | PairCorr |
| 0.68 | MFC-PC | Manulife Finl Srs | PairCorr |
| 0.52 | SLF-PC | Sun Life Financial | PairCorr |
| 0.5 | SLF-PD | Sun Life Financial | PairCorr |
The ability to find closely correlated positions to Mega Uranium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mega Uranium 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 Mega Uranium - 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 Mega Uranium to buy it.
The correlation of Mega Uranium 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 Mega Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mega Uranium 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 Mega Uranium 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 Mega Stock
Mega Uranium 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 Mega Uranium shareholders. The income statement also shows Mega 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).