TVA Historical Income Statement
| TVA-B Stock | CAD 0.90 0.05 5.26% |
Historical analysis of TVA income statement accounts such as Cost Of Revenue of 372.2 M, Total Operating Expenses of 145.8 M, Interest Expense of 2.9 M or Selling General Administrative of 114.2 M can show how well TVA Group performed in making a profits. Evaluating TVA income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of TVA's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining TVA Group 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 TVA Group is a good buy for the upcoming year.
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About TVA Income Statement Analysis
TVA Group 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 TVA shareholders. The income statement also shows TVA 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).
TVA Income Statement Chart
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Total Revenue
Total revenue comprises all receipts TVA Group 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 TVA Group minus its cost of goods sold. It is profit before TVA 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 TVA Group. It is also known as TVA 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 TVA Group income statement and represents the costs associated with goods and services TVA 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.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of TVA Group whose combined shares represent less than 50% of the total outstanding shares issued by TVA have a minority interest in TVA.Most accounts from TVA's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into TVA Group 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 TVA Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, TVA's Depreciation And Amortization is comparatively stable compared to the past year. Total Revenue is likely to gain to about 549.1 M in 2024, despite the fact that EBIT is likely to grow to (56.8 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 622.8M | 594.4M | 545.2M | 549.1M | Depreciation And Amortization | 32.1M | 29.9M | 27.7M | 29.3M |
TVA income statement Correlations
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TVA Account Relationship Matchups
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TVA income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 40.3M | 33.3M | 32.1M | 29.9M | 27.7M | 29.3M | |
| Total Revenue | 569.9M | 508.1M | 622.8M | 594.4M | 545.2M | 549.1M | |
| Gross Profit | 216.8M | 188.4M | 219.7M | 167.1M | 126.5M | 171.3M | |
| Other Operating Expenses | 537.8M | 456.2M | 574.7M | 605.0M | 578.3M | 515.8M | |
| Operating Income | 31.9M | 51.3M | 47.7M | (10.0M) | (33.1M) | (31.5M) | |
| Ebit | 25.8M | 45.5M | 42.7M | (11.0M) | (59.8M) | (56.8M) | |
| Ebitda | 66.2M | 78.8M | 74.9M | 18.9M | (32.1M) | (30.5M) | |
| Cost Of Revenue | 353.1M | 319.8M | 403.2M | 427.3M | 418.7M | 372.2M | |
| Total Operating Expenses | 184.6M | 136.4M | 171.5M | 177.7M | 126.5M | 145.8M | |
| Income Before Tax | 22.3M | 43.2M | 40.8M | (12.8M) | (64.1M) | (60.9M) | |
| Total Other Income Expense Net | (9.8M) | (8.7M) | (7.3M) | (2.2M) | (31.0M) | (29.4M) | |
| Net Income | 16.5M | 32.3M | 30.5M | (9.7M) | (47.9M) | (45.5M) | |
| Income Tax Expense | 6.2M | 11.8M | 11.5M | (3.1M) | (15.7M) | (14.9M) | |
| Interest Expense | 3.6M | 1.9M | 2.2M | 1.9M | 4.3M | 2.9M | |
| Selling General Administrative | 144.3M | 103.1M | 139.4M | 147.8M | 131.9M | 114.2M | |
| Selling And Marketing Expenses | 15.1M | 14.0M | 15.3M | 17.3M | 16.4M | 13.7M | |
| Net Income From Continuing Ops | 16.7M | 32.3M | 30.5M | (8.9M) | (47.9M) | (45.5M) | |
| Net Income Applicable To Common Shares | 16.5M | 32.3M | 30.5M | (8.9M) | (10.2M) | (10.7M) | |
| Minority Interest | 966K | 1.2M | 1.2M | 10K | 20K | 0.0 | |
| Tax Provision | 6.2M | 11.8M | 11.5M | (3.1M) | (15.7M) | (14.9M) | |
| Net Interest Income | (3.9M) | (2.5M) | (2.7M) | (1.3M) | (2.2M) | (2.3M) | |
| Reconciled Depreciation | 40.3M | 33.3M | 32.1M | 29.9M | 27.7M | 27.0M |
Pair Trading with TVA
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 TVA 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 TVA will appreciate offsetting losses from the drop in the long position's value.Moving against TVA Stock
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The ability to find closely correlated positions to TVA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TVA 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 TVA - 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 TVA Group to buy it.
The correlation of TVA 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 TVA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TVA Group 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 TVA 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 TVA Stock Analysis
When running TVA's price analysis, check to measure TVA'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 TVA is operating at the current time. Most of TVA's value examination focuses on studying past and present price action to predict the probability of TVA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TVA's price. Additionally, you may evaluate how the addition of TVA to your portfolios can decrease your overall portfolio volatility.