Premium Historical Income Statement
| PIC-A Stock | CAD 6.03 0.01 0.17% |
Historical analysis of Premium Income income statement accounts such as Cost Of Revenue of 0.0, Interest Expense of 0.0, Net Interest Income of 663 K or Interest Income of 663 K can show how well Premium Income performed in making a profits. Evaluating Premium Income income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Premium Income's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Premium Income 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 Premium Income is a good buy for the upcoming year.
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About Premium Income Statement Analysis
Premium Income 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 Premium Income shareholders. The income statement also shows Premium 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).
Premium Income 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 Premium Income. It is also known as Premium Income 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.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most accounts from Premium Income's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Premium Income 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Premium Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Premium Income's Total Operating Expenses is comparatively stable compared to the past year. Depreciation And Amortization is likely to gain to about 39.2 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 1.6 M in 2024.
Premium Income income statement Correlations
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Premium Income Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Premium Income income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | (44.4M) | 111.0M | 41.5M | (29.1M) | (33.4M) | (31.8M) | |
| Gross Profit | (44.4M) | 111.0M | 41.5M | (29.1M) | (33.4M) | (31.8M) | |
| Other Operating Expenses | 1.1M | 906.1K | 300.5K | 3.5M | 3.1M | 1.6M | |
| Operating Income | (45.5M) | 110.1M | (22.9M) | (32.5M) | (29.2M) | (27.7M) | |
| Ebitda | (84.6K) | (11.7M) | (24.5M) | (12.4M) | (11.2M) | (10.6M) | |
| Total Operating Expenses | 1.1M | 906.1K | 64.4M | 3.5M | 4.0M | 6.4M | |
| Total Other Income Expense Net | (11.7M) | 113.5M | 1.6M | (12.4M) | (14.3M) | (13.5M) | |
| Net Income | (45.5M) | 110.1M | (21.4M) | (44.8M) | (40.4M) | (38.3M) | |
| Income Tax Expense | (57.1M) | 223.6M | 1.6M | (12.4M) | (14.3M) | (13.5M) | |
| Depreciation And Amortization | 45.4M | (110.2M) | 21.3M | 32.5M | 37.3M | 39.2M | |
| Ebit | (45.5M) | 98.5M | (22.9M) | (44.8M) | (40.4M) | (38.3M) | |
| Income Before Tax | (45.5M) | 110.1M | (21.4M) | (44.8M) | (40.4M) | (38.3M) | |
| Selling General Administrative | 810.4K | 627.4K | 3.4M | 3.1M | 3.5M | 3.7M | |
| Net Income From Continuing Ops | (45.5M) | 110.1M | (21.4M) | (32.5M) | (29.3M) | (27.8M) | |
| Net Income Applicable To Common Shares | 10.2M | (57.1M) | 98.5M | (32.8M) | (29.5M) | (28.0M) | |
| Net Interest Income | 33.9K | 0.0 | 19.2K | 549.0K | 631.4K | 663.0K | |
| Interest Income | 33.9K | 0.0 | 19.2K | 549.0K | 631.4K | 663.0K |
Pair Trading with Premium Income
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 Premium Income 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 Premium Income will appreciate offsetting losses from the drop in the long position's value.Moving against Premium Stock
| 0.61 | RY-PM | Royal Bank | PairCorr |
| 0.59 | FFH-PF | Fairfax Financial | PairCorr |
| 0.56 | WMT | Walmart Inc CDR | PairCorr |
| 0.54 | Y | Yellow Pages Limited | PairCorr |
| 0.52 | JPM | JPMorgan Chase | PairCorr |
The ability to find closely correlated positions to Premium Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premium Income 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 Premium Income - 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 Premium Income to buy it.
The correlation of Premium Income 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 Premium Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Premium Income 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 Premium Income 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.Additional Tools for Premium Stock Analysis
When running Premium Income's price analysis, check to measure Premium Income's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Premium Income is operating at the current time. Most of Premium Income's value examination focuses on studying past and present price action to predict the probability of Premium Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premium Income's price. Additionally, you may evaluate how the addition of Premium Income to your portfolios can decrease your overall portfolio volatility.