ADF Historical Income Statement

DRX Stock

CAD 7.60 0.06 0.80%

Historical analysis of ADF income statement accounts such as Selling General Administrative of 27.5 M or Total Revenue of 312.8 M can show how well ADF Group performed in making a profits. Evaluating ADF income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ADF's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining ADF 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 ADF Group is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF 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 board of governors.

About ADF Income Statement Analysis

ADF 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 ADF shareholders. The income statement also shows ADF 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).

ADF Income Statement Chart

At this time, ADF's EBIT is very stable compared to the past year. As of the 24th of March 2025, EBITDA is likely to grow to about 67.4 M, while Depreciation And Amortization is likely to drop about 3.6 M.

Depreciation And Amortization Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Revenue

Total revenue comprises all receipts ADF 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 ADF Group minus its cost of goods sold. It is profit before ADF 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 ADF Group. It is also known as ADF 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 ADF's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ADF 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF 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 board of governors.

	2022	2023	2024	2025 (projected)
Gross Profit	35.6M	72.9M	83.9M	88.1M
Total Revenue	250.9M	331.0M	297.9M	312.8M

Gross Profit Total Revenue

ADF income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.58	0.46	0.58	0.3	0.62	0.25	0.24	0.26	0.61	0.79	0.23	-0.51	0.27	0.05	0.22	0.25	0.55	-0.55	0.58	0.1
Interest Expense	0.58		0.91	0.77	0.73	0.77	0.69	0.68	0.7	0.76	0.61	0.67	-0.74	0.68	0.46	0.67	0.7	0.92	-0.95	0.8	0.62
Selling General Administrative	0.46	0.91		0.82	0.92	0.79	0.88	0.88	0.89	0.77	0.65	0.87	-0.82	0.88	0.64	0.84	0.88	0.9	-0.87	0.86	0.75
Total Revenue	0.58	0.77	0.82		0.85	0.99	0.81	0.82	0.83	0.99	0.72	0.81	-0.9	0.79	0.67	0.72	0.71	0.83	-0.77	0.8	0.49
Gross Profit	0.3	0.73	0.92	0.85		0.78	1.0	0.99	1.0	0.77	0.6	0.99	-0.83	0.98	0.81	0.94	0.94	0.82	-0.74	0.85	0.74
Other Operating Expenses	0.62	0.77	0.79	0.99	0.78		0.74	0.75	0.76	1.0	0.71	0.73	-0.88	0.72	0.61	0.64	0.63	0.81	-0.76	0.76	0.44
Operating Income	0.25	0.69	0.88	0.81	1.0	0.74		1.0	1.0	0.73	0.56	1.0	-0.8	0.98	0.82	0.95	0.94	0.79	-0.7	0.83	0.73
Ebit	0.24	0.68	0.88	0.82	0.99	0.75	1.0		1.0	0.73	0.55	1.0	-0.79	0.99	0.82	0.95	0.94	0.78	-0.69	0.84	0.74
Ebitda	0.26	0.7	0.89	0.83	1.0	0.76	1.0	1.0		0.74	0.56	1.0	-0.79	0.99	0.81	0.95	0.94	0.79	-0.71	0.84	0.74
Cost Of Revenue	0.61	0.76	0.77	0.99	0.77	1.0	0.73	0.73	0.74		0.7	0.72	-0.87	0.71	0.6	0.63	0.62	0.8	-0.75	0.75	0.43
Total Operating Expenses	0.79	0.61	0.65	0.72	0.6	0.71	0.56	0.55	0.56	0.7		0.54	-0.76	0.52	0.45	0.42	0.45	0.62	-0.66	0.67	0.3
Income Before Tax	0.23	0.67	0.87	0.81	0.99	0.73	1.0	1.0	1.0	0.72	0.54		-0.77	0.99	0.81	0.96	0.94	0.77	-0.68	0.83	0.74
Total Other Income Expense Net	-0.51	-0.74	-0.82	-0.9	-0.83	-0.88	-0.8	-0.79	-0.79	-0.87	-0.76	-0.77		-0.74	-0.7	-0.66	-0.68	-0.87	0.75	-0.75	-0.51
Net Income	0.27	0.68	0.88	0.79	0.98	0.72	0.98	0.99	0.99	0.71	0.52	0.99	-0.74		0.71	0.98	0.94	0.78	-0.69	0.86	0.74
Income Tax Expense	0.05	0.46	0.64	0.67	0.81	0.61	0.82	0.82	0.81	0.6	0.45	0.81	-0.7	0.71		0.64	0.72	0.57	-0.48	0.54	0.56
Net Income From Continuing Ops	0.22	0.67	0.84	0.72	0.94	0.64	0.95	0.95	0.95	0.63	0.42	0.96	-0.66	0.98	0.64		0.96	0.77	-0.68	0.87	0.75
Tax Provision	0.25	0.7	0.88	0.71	0.94	0.63	0.94	0.94	0.94	0.62	0.45	0.94	-0.68	0.94	0.72	0.96		0.8	-0.69	0.85	0.77
Interest Income	0.55	0.92	0.9	0.83	0.82	0.81	0.79	0.78	0.79	0.8	0.62	0.77	-0.87	0.78	0.57	0.77	0.8		-0.89	0.86	0.62
Net Interest Income	-0.55	-0.95	-0.87	-0.77	-0.74	-0.76	-0.7	-0.69	-0.71	-0.75	-0.66	-0.68	0.75	-0.69	-0.48	-0.68	-0.69	-0.89		-0.79	-0.52
Reconciled Depreciation	0.58	0.8	0.86	0.8	0.85	0.76	0.83	0.84	0.84	0.75	0.67	0.83	-0.75	0.86	0.54	0.87	0.85	0.86	-0.79		0.78
Extraordinary Items	0.1	0.62	0.75	0.49	0.74	0.44	0.73	0.74	0.74	0.43	0.3	0.74	-0.51	0.74	0.56	0.75	0.77	0.62	-0.52	0.78

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ADF Account Relationship Matchups

ADF income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	4.9M	5.1M	5.3M	5.8M	5.2M	3.6M
Interest Expense	1.5M	1.1M	2.0M	2.6M	3.0M	3.1M
Selling General Administrative	14.8M	12.0M	14.8M	22.8M	26.2M	27.5M
Total Revenue	172.6M	280.7M	250.9M	331.0M	297.9M	312.8M
Gross Profit	26.2M	24.7M	35.6M	72.9M	83.9M	88.1M
Other Operating Expenses	161.2M	268.0M	230.1M	280.9M	252.8M	265.4M
Operating Income	11.4M	9.0M	20.8M	50.1M	57.7M	60.5M
Ebit	10.7M	12.2M	18.9M	50.0M	57.5M	60.4M
Ebitda	15.6M	17.3M	24.2M	55.8M	64.2M	67.4M
Cost Of Revenue	146.4M	256.0M	215.3M	258.1M	232.3M	243.9M
Total Operating Expenses	14.8M	12.0M	14.8M	21.5M	19.4M	10.3M
Income Before Tax	9.0M	11.1M	16.9M	46.4M	53.4M	56.0M
Total Other Income Expense Net	(2.4M)	(1.6M)	(3.9M)	(3.7M)	(4.3M)	(4.1M)
Net Income	6.9M	9.6M	14.9M	37.6M	43.3M	45.4M
Income Tax Expense	2.2M	1.5M	1.9M	8.8M	10.1M	10.6M
Net Income From Continuing Ops	6.9M	9.6M	14.9M	37.6M	43.3M	45.4M
Net Income Applicable To Common Shares	(2.1M)	6.9M	9.6M	14.9M	17.2M	18.0M
Tax Provision	2.2M	1.5M	1.9M	8.8M	10.1M	10.6M
Interest Income	2.3M	2.4M	1.5M	3.9M	4.5M	4.7M
Net Interest Income	(1.7M)	(1.2M)	(2.0M)	(2.6M)	(2.3M)	(2.4M)
Reconciled Depreciation	4.9M	5.1M	5.3M	5.8M	6.7M	5.5M

Pair Trading with ADF

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 ADF 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 ADF will appreciate offsetting losses from the drop in the long position's value.

Moving together with ADF Stock

0.78	DAY	Dayforce	Pair Corr
0.62	ATS	ATS P	Pair Corr
0.71	PNC-B	Postmedia Network Canada	Pair Corr

Moving against ADF Stock

0.58	RBA	Ritchie Bros Auctioneers	Pair Corr
0.55	BBUC	Brookfield Business Corp	Pair Corr
0.38	GRA	NanoXplore	Pair Corr

The ability to find closely correlated positions to ADF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADF 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 ADF - 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 ADF Group to buy it.

The correlation of ADF 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 ADF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADF 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 ADF 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.

Pair Correlation Correlation Matching

Other Information on Investing in ADF Stock

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ADF Historical Income Statement

About ADF Income Statement Analysis

ADF Income Statement Chart

Depreciation And Amortization

Total Revenue

Gross Profit

Other Operating Expenses

ADF income statement Correlations

ADF Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ADF income statement Accounts

Pair Trading with ADF

Moving together with ADF Stock

Moving against ADF Stock

Other Information on Investing in ADF Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Operating Income	+ 1.0	Gross Profit
Ebitda	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income

Net Interest Income	- 0.95	Interest Expense
Total Other Income Expense Net	- 0.9	Total Revenue
Net Interest Income	- 0.89	Interest Income
Total Other Income Expense Net	- 0.88	Other Operating Expenses
Interest Income	- 0.87	Total Other Income Expense Net
Total Other Income Expense Net	- 0.87	Cost Of Revenue