Mandalay Historical Income Statement

MND Stock

CAD 5.16 0.08 1.53%

Historical analysis of Mandalay Resources income statement accounts such as Operating Income of 83.1 M can show how well Mandalay Resources Corp performed in making a profits. Evaluating Mandalay Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Mandalay Resources'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 Mandalay Resources 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 Mandalay Resources Corp is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mandalay Resources 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 board of governors.

About Mandalay Income Statement Analysis

Mandalay Resources 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 Mandalay Resources shareholders. The income statement also shows Mandalay 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).

Mandalay Resources Income Statement Chart

At this time, Mandalay Resources' Income Before Tax is very stable compared to the past year. As of the 30th of March 2025, Gross Profit is likely to grow to about 98.7 M, while Selling General Administrative is likely to drop about 5.8 M.

Selling General Administrative Other Operating Expenses Total Operating Expenses Total Revenue

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mandalay Resources Corp. It is also known as Mandalay Resources 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.

Total Revenue

Total revenue comprises all receipts Mandalay Resources 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.

Most accounts from Mandalay Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Mandalay Resources 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mandalay Resources 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 board of governors.

Mandalay Resources income statement Correlations

	Interest Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Income Before Tax	Total Other Income Expense Net	Total Revenue	Gross Profit	Cost Of Revenue	Selling And Marketing Expenses	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		0.26	0.37	-0.11	0.08	0.25	-0.26	-0.22	0.17	0.55	-0.18	-0.4	0.35	-0.07	0.5	0.09	-0.29	-0.1	0.55	-0.48	0.05
Selling General Administrative	0.26		0.36	0.21	0.3	0.36	0.01	0.23	-0.16	0.28	0.16	0.05	0.49	0.29	0.39	0.0	0.06	-0.04	-0.16	-0.04	0.31
Other Operating Expenses	0.37	0.36		0.2	0.02	0.28	0.44	0.08	0.41	0.84	0.19	-0.09	0.84	0.42	0.94	0.21	-0.11	0.25	0.05	0.37	-0.06
Operating Income	-0.11	0.21	0.2		0.8	0.73	0.51	0.96	0.6	0.03	0.97	-0.04	0.53	0.93	0.1	-0.1	0.9	0.89	0.02	0.26	0.26
Ebit	0.08	0.3	0.02	0.8		0.95	-0.06	0.82	0.65	0.12	0.79	0.09	0.49	0.71	0.08	-0.06	0.76	0.63	0.11	-0.15	0.39
Ebitda	0.25	0.36	0.28	0.73	0.95		-0.06	0.71	0.75	0.43	0.72	0.04	0.71	0.71	0.37	0.03	0.61	0.59	0.19	-0.14	0.34
Total Operating Expenses	-0.26	0.01	0.44	0.51	-0.06	-0.06		0.41	0.1	0.04	0.48	-0.18	0.32	0.6	0.18	-0.05	0.37	0.6	-0.14	0.74	-0.06
Net Income	-0.22	0.23	0.08	0.96	0.82	0.71	0.41		0.53	-0.08	0.98	0.22	0.44	0.86	0.0	-0.14	0.97	0.85	-0.22	0.3	0.33
Income Tax Expense	0.17	-0.16	0.41	0.6	0.65	0.75	0.1	0.53		0.52	0.64	0.08	0.67	0.62	0.46	0.11	0.48	0.71	0.2	0.13	0.09
Depreciation And Amortization	0.55	0.28	0.84	0.03	0.12	0.43	0.04	-0.08	0.52		0.02	-0.14	0.83	0.21	0.94	0.26	-0.24	0.08	0.27	0.01	-0.04
Income Before Tax	-0.18	0.16	0.19	0.97	0.79	0.72	0.48	0.98	0.64	0.02		0.17	0.52	0.9	0.11	-0.1	0.95	0.91	-0.16	0.36	0.29
Total Other Income Expense Net	-0.4	0.05	-0.09	-0.04	0.09	0.04	-0.18	0.22	0.08	-0.14	0.17		-0.05	-0.08	-0.04	-0.09	0.25	0.06	-0.88	0.38	0.19
Total Revenue	0.35	0.49	0.84	0.53	0.49	0.71	0.32	0.44	0.67	0.83	0.52	-0.05		0.68	0.85	0.18	0.25	0.51	0.12	0.23	0.1
Gross Profit	-0.07	0.29	0.42	0.93	0.71	0.71	0.6	0.86	0.62	0.21	0.9	-0.08	0.68		0.27	-0.03	0.75	0.86	0.03	0.41	0.19
Cost Of Revenue	0.5	0.39	0.94	0.1	0.08	0.37	0.18	0.0	0.46	0.94	0.11	-0.04	0.85	0.27		0.24	-0.18	0.15	0.12	0.13	-0.02
Selling And Marketing Expenses	0.09	0.0	0.21	-0.1	-0.06	0.03	-0.05	-0.14	0.11	0.26	-0.1	-0.09	0.18	-0.03	0.24		-0.17	-0.06	0.13	-0.03	-0.15
Net Income From Continuing Ops	-0.29	0.06	-0.11	0.9	0.76	0.61	0.37	0.97	0.48	-0.24	0.95	0.25	0.25	0.75	-0.18	-0.17		0.84	-0.25	0.28	0.37
Tax Provision	-0.1	-0.04	0.25	0.89	0.63	0.59	0.6	0.85	0.71	0.08	0.91	0.06	0.51	0.86	0.15	-0.06	0.84		-0.05	0.45	0.27
Interest Income	0.55	-0.16	0.05	0.02	0.11	0.19	-0.14	-0.22	0.2	0.27	-0.16	-0.88	0.12	0.03	0.12	0.13	-0.25	-0.05		-0.62	-0.18
Net Interest Income	-0.48	-0.04	0.37	0.26	-0.15	-0.14	0.74	0.3	0.13	0.01	0.36	0.38	0.23	0.41	0.13	-0.03	0.28	0.45	-0.62		-0.12
Reconciled Depreciation	0.05	0.31	-0.06	0.26	0.39	0.34	-0.06	0.33	0.09	-0.04	0.29	0.19	0.1	0.19	-0.02	-0.15	0.37	0.27	-0.18	-0.12

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Mandalay Resources Account Relationship Matchups

Mandalay Resources income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	6.0M	3.9M	2.9M	2.1M	2.0M	2.0M
Selling General Administrative	6.7M	6.4M	7.0M	7.1M	10.0M	5.8M
Other Operating Expenses	123.9M	154.2M	136.2M	154.0M	177.1M	186.0M
Operating Income	53.9M	67.0M	45.0M	19.3M	79.1M	83.1M
Ebit	50.4M	75.3M	43.2M	16.7M	19.2M	11.4M
Ebitda	86.3M	113.7M	77.1M	49.9M	57.3M	29.4M
Total Operating Expenses	9.3M	7.0M	7.4M	48.1M	161.6M	169.6M
Net Income	9.3M	54.9M	23.5M	7.9M	47.8M	50.1M
Income Tax Expense	10.5M	21.8M	16.8M	6.7M	7.7M	8.1M
Depreciation And Amortization	35.9M	38.4M	33.9M	33.2M	38.2M	21.0M
Income Before Tax	19.8M	76.7M	40.3M	14.5M	69.8M	73.3M
Total Other Income Expense Net	(34.1M)	9.8M	(4.8M)	(4.8M)	(10.0M)	(9.5M)
Total Revenue	179.0M	229.4M	191.7M	173.3M	240.7M	165.9M
Gross Profit	64.3M	82.2M	62.9M	67.4M	94.0M	98.7M
Cost Of Revenue	114.6M	147.2M	128.8M	105.9M	146.7M	122.9M
Net Income From Continuing Ops	9.3M	54.9M	23.5M	7.9M	47.8M	50.1M
Net Income Applicable To Common Shares	(18.6M)	9.3M	54.9M	23.5M	27.0M	28.4M
Tax Provision	10.5M	21.8M	16.8M	6.7M	22.0M	23.1M
Interest Income	30.2M	2.7M	6.2M	1.7M	2.6M	2.5M
Reconciled Depreciation	35.9M	38.4M	33.9M	33.2M	36.2M	37.5M

Pair Trading with Mandalay Resources

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

Moving together with Mandalay Stock

0.65	AG	First Majestic Silver	Pair Corr
0.9	ORE	Orezone Gold Corp	Pair Corr
0.74	FDY	Faraday Copper Corp	Pair Corr

Moving against Mandalay Stock

0.76	MSFT	Microsoft Corp CDR	Pair Corr
0.68	GOOG	Alphabet CDR	Pair Corr
0.66	AAPL	Apple Inc CDR	Pair Corr
0.57	AMZN	Amazon CDR	Pair Corr
0.55	IE	Ivanhoe Energy	Pair Corr

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

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

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Mandalay Historical Income Statement

About Mandalay Income Statement Analysis

Mandalay Resources Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Total Revenue

Mandalay Resources income statement Correlations

Mandalay Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mandalay Resources income statement Accounts

Pair Trading with Mandalay Resources

Moving together with Mandalay Stock

Moving against Mandalay Stock

Other Information on Investing in Mandalay Stock

COMMON DESTINATIONS

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COMPANY

Income Before Tax	+ 0.98	Net Income
Income Before Tax	+ 0.97	Operating Income
Net Income From Continuing Ops	+ 0.97	Net Income
Net Income	+ 0.96	Operating Income
Ebitda	+ 0.95	Ebit
Net Income From Continuing Ops	+ 0.95	Income Before Tax

Interest Income	- 0.88	Total Other Income Expense Net
Net Interest Income	- 0.62	Interest Income
Net Interest Income	- 0.48	Interest Expense
Total Other Income Expense Net	- 0.4	Interest Expense
Net Income From Continuing Ops	- 0.29	Interest Expense
Total Operating Expenses	- 0.26	Interest Expense