Starcore Historical Income Statement
| SAM Stock | CAD 0.15 0.01 7.14% |
Historical analysis of Starcore International income statement accounts such as Gross Profit of 4.2 M, Other Operating Expenses of 20.5 M, Operating Income of 1.3 M or Ebitda of 856 K can show how well Starcore International Mines performed in making a profits. Evaluating Starcore International income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Starcore International's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Starcore International 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 Starcore International is a good buy for the upcoming year.
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About Starcore Income Statement Analysis
Starcore International 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 Starcore International shareholders. The income statement also shows Starcore 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).
Starcore International Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Starcore International 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Starcore International. It is also known as Starcore International 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.Most accounts from Starcore International's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Starcore International 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 Starcore International Mines. 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. At this time, Starcore International's Tax Provision is very stable compared to the past year. As of the 7th of December 2024, Reconciled Depreciation is likely to grow to about 3.5 M, while Interest Expense is likely to drop about 24.7 K.
| 2020 | 2021 | 2023 | 2024 (projected) | Reconciled Depreciation | 4.5M | 3.5M | 3.1M | 3.5M | Interest Income | 6K | 4K | 3.6K | 3.4K |
Starcore International income statement Correlations
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Starcore International Account Relationship Matchups
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High Negative Relationship
Starcore International income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 3.9M | 4.5M | 3.6M | 3.5M | 2.7M | 2.9M | |
| Interest Expense | 554K | 123K | 160K | 24K | 26K | 24.7K | |
| Total Revenue | 24.8M | 26.8M | 25.7M | 22.9M | 28.3M | 24.0M | |
| Gross Profit | 2.0M | 6.4M | 5.3M | (1.5M) | 5.2M | 4.2M | |
| Other Operating Expenses | 26.3M | 23.4M | 24.2M | 27.8M | 27.1M | 20.5M | |
| Operating Income | (1.5M) | 3.4M | 1.5M | (4.9M) | 1.3M | 1.3M | |
| Ebit | (2.0M) | 1.5M | 2.7M | (4.2M) | (1.8M) | (1.7M) | |
| Ebitda | 1.9M | 6.1M | 6.4M | (637K) | 901K | 856.0K | |
| Total Operating Expenses | 3.5M | 3.0M | 3.8M | 3.4M | 3.9M | 2.9M | |
| Income Before Tax | (2.5M) | 1.4M | 2.7M | (4.2M) | (2.0M) | (1.9M) | |
| Total Other Income Expense Net | (962K) | (2.0M) | (3.0M) | 738K | (3.2M) | (3.1M) | |
| Net Income | (3.6M) | 2.9M | 2.4M | (5.3M) | 1.6M | 1.7M | |
| Income Tax Expense | 1.2M | (1.4M) | 296K | 1.1M | (3.6M) | (3.4M) | |
| Selling General Administrative | 3.1M | 2.6M | 3.0M | 4.5M | 3.9M | 3.0M | |
| Cost Of Revenue | 22.8M | 20.4M | 20.4M | 24.4M | 23.1M | 26.4M | |
| Net Income From Continuing Ops | (11.8M) | (3.6M) | 2.9M | 2.4M | 2.2M | 2.3M | |
| Net Income Applicable To Common Shares | (3.6M) | 2.9M | 2.4M | (5.3M) | (4.7M) | (4.5M) | |
| Tax Provision | 1.2M | (1.4M) | 296K | 1.1M | 1.2M | 1.3M | |
| Net Interest Income | (311K) | (554K) | (148K) | (181K) | (208.2K) | (218.6K) | |
| Reconciled Depreciation | 3.9M | 3.8M | 4.5M | 3.5M | 3.1M | 3.5M |
Pair Trading with Starcore International
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 Starcore International 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 Starcore International will appreciate offsetting losses from the drop in the long position's value.Moving together with Starcore Stock
The ability to find closely correlated positions to Starcore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starcore International 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 Starcore International - 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 Starcore International Mines to buy it.
The correlation of Starcore International 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 Starcore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Starcore International 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 Starcore International 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.Other Information on Investing in Starcore Stock
Starcore International 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 Starcore International shareholders. The income statement also shows Starcore 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).