Algoma Historical Income Statement
ALC Stock | CAD 14.82 0.12 0.80% |
Historical analysis of Algoma Central income statement accounts such as Interest Expense of 19.8 M, Selling General Administrative of 26.9 M or Total Revenue of 499.6 M can show how well Algoma Central performed in making a profits. Evaluating Algoma Central income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Algoma Central's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Algoma Central 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 Algoma Central is a good buy for the upcoming year.
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About Algoma Income Statement Analysis
Algoma Central 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 Algoma Central shareholders. The income statement also shows Algoma 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).
Algoma Central Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Algoma Central 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 Algoma Central minus its cost of goods sold. It is profit before Algoma Central 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.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 Algoma Central's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Algoma Central 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. 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, Algoma Central's Interest Expense is very stable compared to the past year. As of the 13th of December 2024, Cost Of Revenue is likely to grow to about 635.4 M, while Depreciation And Amortization is likely to drop about 36.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 531.0M | 612.5M | 116.1M | 110.3M | Total Revenue | 598.9M | 677.9M | 721.2M | 499.6M |
Algoma Central income statement Correlations
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Algoma Central Account Relationship Matchups
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Algoma Central income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 70.0M | 75.2M | 67.9M | 65.4M | 66.0M | 36.3M | |
Interest Expense | 18.8M | 18.3M | 19.1M | 18.8M | 18.8M | 19.8M | |
Selling General Administrative | 31.3M | 29.7M | 32.6M | 34.6M | 41.6M | 26.9M | |
Total Revenue | 567.9M | 545.7M | 598.9M | 677.9M | 721.2M | 499.6M | |
Gross Profit | 497.9M | 470.5M | 531.0M | 612.5M | 116.1M | 110.3M | |
Other Operating Expenses | 509.5M | 471.6M | 508.9M | 590.4M | 646.7M | 518.2M | |
Operating Income | 58.4M | 74.1M | 93.3M | 102.3M | 74.5M | 67.7M | |
Ebit | 57.8M | 79.4M | 94.9M | 120.8M | 89.5M | 45.8M | |
Ebitda | 127.9M | 154.5M | 162.7M | 186.3M | 155.5M | 82.1M | |
Cost Of Revenue | 70.0M | 75.2M | 67.9M | 65.4M | 605.1M | 635.4M | |
Total Operating Expenses | 439.5M | 396.4M | 441.1M | 525.0M | 107.6M | 102.2M | |
Income Before Tax | 38.8M | 60.6M | 75.6M | 101.4M | 70.6M | 51.4M | |
Total Other Income Expense Net | (19.6M) | (13.5M) | (17.7M) | (909K) | (3.9M) | (4.1M) | |
Net Income | 33.7M | 45.9M | 63.8M | 84.5M | 82.9M | 44.4M | |
Income Tax Expense | 5.1M | 9.5M | 11.8M | 16.9M | 11.4M | 7.7M | |
Net Income From Continuing Ops | 24.2M | 45.9M | 82.2M | 120.0M | 82.9M | 55.8M | |
Net Income Applicable To Common Shares | 24.2M | 45.9M | 82.2M | 120.0M | 138.0M | 144.9M | |
Tax Provision | 5.1M | 9.5M | 11.8M | 16.9M | 11.4M | 9.0M | |
Interest Income | 18.8M | 18.2M | 81K | 13.8M | 2.9M | 2.7M | |
Net Interest Income | (18.7M) | (19.5M) | (20.7M) | (18.7M) | (16.2M) | (17.1M) | |
Reconciled Depreciation | 70.0M | 75.2M | 67.9M | 65.4M | 66.0M | 70.5M |
Pair Trading with Algoma Central
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 Algoma Central 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 Algoma Central will appreciate offsetting losses from the drop in the long position's value.Moving against Algoma Stock
The ability to find closely correlated positions to Algoma Central could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algoma Central 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 Algoma Central - 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 Algoma Central to buy it.
The correlation of Algoma Central 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 Algoma Central moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Central 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 Algoma Central 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 Algoma Stock
Algoma Central 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 Algoma Central shareholders. The income statement also shows Algoma 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).