True Historical Income Statement
| TNT-UN Stock | CAD 11.52 0.16 1.41% |
Historical analysis of True North income statement accounts such as Operating Income of 46 M, Ebit of 78.7 M, Cost Of Revenue of 34.5 M or Total Operating Expenses of 4.7 M can show how well True North Commercial performed in making a profits. Evaluating True North income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of True North's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining True North Commercial 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 True North Commercial is a good buy for the upcoming year.
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About True Income Statement Analysis
True North Commercial 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 True North shareholders. The income statement also shows True 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).
True North Income Statement Chart
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Total Revenue
Total revenue comprises all receipts True North Commercial 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 True North Commercial minus its cost of goods sold. It is profit before True North 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 True North Commercial. It is also known as True North 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 True North's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into True North Commercial 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 True North Commercial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, True North's EBIT is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 114.6 M, whereas Depreciation And Amortization is projected to grow to (78.6 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 82.6M | 86.5M | 72.5M | 50.1M | Total Revenue | 138.5M | 143.6M | 132.2M | 84.6M |
True North income statement Correlations
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True North Account Relationship Matchups
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True North income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 57.5M | 62.6M | 62.6M | 53.7M | (82.7M) | (78.6M) | |
| Selling General Administrative | 5.5M | 5.8M | 6.9M | 6.1M | 5.6M | 4.1M | |
| Total Revenue | 106.5M | 139.4M | 138.5M | 143.6M | 132.2M | 84.6M | |
| Gross Profit | 62.1M | 83.7M | 82.6M | 86.5M | 72.5M | 50.1M | |
| Other Operating Expenses | 49.9M | 61.5M | 62.8M | 63.1M | 65.3M | 41.0M | |
| Operating Income | 46.0M | 78.3M | 68.9M | 80.4M | 66.9M | 46.0M | |
| Ebit | 46.0M | 78.3M | 68.9M | 28.2M | 74.9M | 78.7M | |
| Ebitda | 46.0M | 78.3M | 68.9M | 81.9M | (7.8M) | (7.4M) | |
| Cost Of Revenue | 44.4M | 55.7M | 55.9M | 57.1M | 59.7M | 34.5M | |
| Total Operating Expenses | 5.5M | 5.8M | 6.9M | 6.1M | 5.6M | 4.7M | |
| Income Before Tax | 24.2M | 39.8M | 51.0M | 16.5M | (40.6M) | (38.6M) | |
| Total Other Income Expense Net | (21.8M) | (38.6M) | (17.9M) | (63.9M) | (107.5M) | (102.2M) | |
| Net Income | 24.2M | 28.9M | 51.0M | (18.5M) | (40.6M) | (38.6M) | |
| Income Tax Expense | 1.9M | 10.8M | (9.4M) | 35.0M | 109.1M | 114.6M | |
| Interest Expense | 20.0M | 27.7M | 27.3M | 28.9M | 32.8M | 18.4M | |
| Net Income From Continuing Ops | 24.2M | 39.8M | 51.0M | 16.5M | (40.6M) | (38.6M) | |
| Net Income Applicable To Common Shares | 24.2M | 39.8M | 51.0M | 16.5M | 19.0M | 27.8M | |
| Net Interest Income | (23.5M) | (31.2M) | (30.5M) | (30.3M) | (34.2M) | (35.9M) | |
| Research Development | 0.23 | 0.29 | 0.37 | 0.12 | 0.31 | 0.24 |
Pair Trading with True North
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 True North 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 True North will appreciate offsetting losses from the drop in the long position's value.Moving together with True Stock
Moving against True Stock
The ability to find closely correlated positions to True North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace True North 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 True North - 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 True North Commercial to buy it.
The correlation of True North 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 True North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if True North Commercial 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 True North 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 True Stock
True North Commercial 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 True North shareholders. The income statement also shows True 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).