TransAlta Historical Income Statement
| TA Stock | CAD 18.57 0.10 0.54% |
Historical analysis of TransAlta Corp income statement accounts such as EBITDA of 1 B, Net Income of 729.8 M, Income Tax Expense of 88.2 M or Depreciation And Amortization of 567.3 M can show how well TransAlta Corp performed in making a profits. Evaluating TransAlta Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of TransAlta Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining TransAlta Corp 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 TransAlta Corp is a good buy for the upcoming year.
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About TransAlta Income Statement Analysis
TransAlta Corp 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 TransAlta Corp shareholders. The income statement also shows TransAlta 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).
TransAlta Corp Income Statement Chart
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Total Revenue
Total revenue comprises all receipts TransAlta Corp 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 TransAlta Corp minus its cost of goods sold. It is profit before TransAlta Corp 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 TransAlta Corp. It is also known as TransAlta Corp 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.Most accounts from TransAlta Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into TransAlta Corp 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TransAlta Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in TransAlta Stock, please use our How to Invest in TransAlta Corp guide.At this time, TransAlta Corp's Income Before Tax is very stable compared to the past year. As of the 11th of December 2024, Net Income From Continuing Ops is likely to grow to about 835.8 M, while Interest Expense is likely to drop about 194.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.5B | 1.6B | 1.6B | 1.2B | Total Revenue | 2.7B | 3.0B | 3.4B | 2.8B |
TransAlta Corp income statement Correlations
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TransAlta Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TransAlta Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 224M | 212M | 229M | 247M | 261M | 194.4M | |
| Total Revenue | 2.3B | 2.1B | 2.7B | 3.0B | 3.4B | 2.8B | |
| Gross Profit | 1.3B | 1.1B | 1.5B | 1.6B | 1.6B | 1.2B | |
| Operating Income | 255M | (16M) | 445M | 531M | 1.1B | 1.1B | |
| Ebitda | 1.1B | 738M | 591M | 1.2B | 1.7B | 1.0B | |
| Total Other Income Expense Net | (142M) | (204M) | (141M) | (178M) | (209M) | (219.5M) | |
| Net Income | 176M | (253M) | (425M) | 161M | 695M | 729.8M | |
| Income Tax Expense | 17M | (50M) | 45M | 192M | 84M | 88.2M | |
| Depreciation And Amortization | 732M | 828M | 751M | 648M | 621M | 567.3M | |
| Other Operating Expenses | 2.1B | 2.1B | 2.3B | 2.4B | 2.3B | 2.3B | |
| Ebit | 356M | (90M) | (160M) | 583M | 1.1B | 1.1B | |
| Cost Of Revenue | 1.1B | 968M | 1.2B | 1.3B | 1.7B | 1.2B | |
| Total Operating Expenses | 1.0B | 1.1B | 1.1B | 1.1B | 555M | 854.2M | |
| Income Before Tax | 193M | (303M) | (380M) | 353M | 880M | 924M | |
| Selling General Administrative | 228M | 235M | 234M | 263M | 254M | 249.9M | |
| Net Income From Continuing Ops | 176M | (253M) | (425M) | 161M | 796M | 835.8M | |
| Net Income Applicable To Common Shares | 52M | (336M) | (576M) | 4M | 3.6M | 3.8M | |
| Minority Interest | 1.1B | 1.1B | (112M) | (111M) | (101M) | (96.0M) | |
| Tax Provision | 17M | (50M) | 45M | 192M | 84M | 59.8M | |
| Interest Income | 140M | 17M | 143M | 154M | 71M | 105.0M | |
| Net Interest Income | (150M) | (201M) | (188M) | (243M) | (162M) | (170.1M) | |
| Reconciled Depreciation | 709M | 798M | 719M | 599M | 621M | 555.9M |
Pair Trading with TransAlta Corp
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 TransAlta Corp 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 TransAlta Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with TransAlta Stock
Moving against TransAlta Stock
The ability to find closely correlated positions to TransAlta Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TransAlta Corp 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 TransAlta Corp - 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 TransAlta Corp to buy it.
The correlation of TransAlta Corp 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 TransAlta Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TransAlta Corp 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 TransAlta Corp 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TransAlta Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in TransAlta Stock, please use our How to Invest in TransAlta Corp guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.