Elite Historical Income Statement

EEIQ Stock  USD 1.04  0.01  0.95%   
Historical analysis of Elite Education income statement accounts such as Tax Provision of 215 K or Net Interest Income of 28.5 K can show how well Elite Education Group performed in making a profits. Evaluating Elite Education income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Elite Education's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Elite Education 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 Elite Education Group is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education 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 gross domestic product.

About Elite Income Statement Analysis

Elite Education 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 Elite Education shareholders. The income statement also shows Elite 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).

Elite Education Income Statement Chart

At this time, Elite Education's Reconciled Depreciation is relatively stable compared to the past year. As of 12/13/2024, Minority Interest is likely to grow to about 495.6 K, while Income Tax Expense is likely to drop slightly above 242.5 K.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Total Revenue

Total revenue comprises all receipts Elite Education 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 Elite Education Group minus its cost of goods sold. It is profit before Elite Education 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.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Elite Education Group whose combined shares represent less than 50% of the total outstanding shares issued by Elite Education have a minority interest in Elite Education.
Most accounts from Elite Education's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Elite Education 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 Elite Education 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 gross domestic product.
At this time, Elite Education's Reconciled Depreciation is relatively stable compared to the past year. As of 12/13/2024, Minority Interest is likely to grow to about 495.6 K, while Income Tax Expense is likely to drop slightly above 242.5 K.
 2021 2022 2023 2024 (projected)
Interest Income26.5K53.1K47.8K34.2K
Net Interest Income17.5K43.9K39.5K28.5K

Elite Education income statement Correlations

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0.650.980.90.88-0.52-0.530.10.410.51-0.560.650.60.66-0.01-0.55-0.410.64-0.580.61
0.710.980.870.84-0.61-0.620.050.340.43-0.650.710.660.72-0.04-0.63-0.50.71-0.610.67
0.50.90.871.0-0.37-0.40.010.360.46-0.380.50.440.5-0.05-0.37-0.270.49-0.450.46
0.440.880.841.0-0.32-0.340.00.370.47-0.310.440.380.44-0.05-0.3-0.220.43-0.40.4
-0.92-0.52-0.61-0.37-0.320.95-0.43-0.51-0.470.84-0.92-0.94-0.92-0.540.850.99-0.940.5-0.93
-0.97-0.53-0.62-0.4-0.340.95-0.45-0.39-0.370.93-0.97-0.98-0.97-0.410.920.96-0.970.72-0.98
0.530.10.050.010.0-0.43-0.450.80.75-0.360.520.540.520.82-0.41-0.470.52-0.40.54
0.50.410.340.360.37-0.51-0.390.80.99-0.250.490.50.490.85-0.3-0.470.5-0.150.5
0.50.510.430.460.47-0.47-0.370.750.99-0.240.480.480.490.76-0.28-0.420.49-0.190.49
-0.93-0.56-0.65-0.38-0.310.840.93-0.36-0.25-0.24-0.93-0.93-0.93-0.261.00.85-0.930.76-0.93
1.00.650.710.50.44-0.92-0.970.520.490.48-0.931.01.00.42-0.94-0.911.0-0.761.0
1.00.60.660.440.38-0.94-0.980.540.50.48-0.931.01.00.47-0.93-0.941.0-0.721.0
1.00.660.720.50.44-0.92-0.970.520.490.49-0.931.01.00.42-0.93-0.911.0-0.771.0
0.43-0.01-0.04-0.05-0.05-0.54-0.410.820.850.76-0.260.420.470.42-0.31-0.560.440.030.46
-0.93-0.55-0.63-0.37-0.30.850.92-0.41-0.3-0.281.0-0.94-0.93-0.93-0.310.85-0.930.75-0.93
-0.91-0.41-0.5-0.27-0.220.990.96-0.47-0.47-0.420.85-0.91-0.94-0.91-0.560.85-0.930.51-0.93
1.00.640.710.490.43-0.94-0.970.520.50.49-0.931.01.01.00.44-0.93-0.93-0.731.0
-0.76-0.58-0.61-0.45-0.40.50.72-0.4-0.15-0.190.76-0.76-0.72-0.770.030.750.51-0.73-0.74
1.00.610.670.460.4-0.93-0.980.540.50.49-0.931.01.01.00.46-0.93-0.931.0-0.74
Click cells to compare fundamentals

Elite Education Account Relationship Matchups

Elite Education income statement Accounts

201920202021202220232024 (projected)
Interest Expense7.6K7.1K17.5K9.2K8.2K13.3K
Ebit1.4M(1.6M)(7.2M)(7.1M)(6.4M)(6.0M)
Net Income Applicable To Common Shares2.1M1.0M(1.1M)(6.1M)(5.5M)(5.2M)
Income Tax Expense397.6K(307.2K)(83.4K)289.5K260.5K242.5K
Tax Provision397.6K(307.2K)(83.4K)289.5K260.5K215.0K
Net Interest Income27.7K2.5K17.5K43.9K39.5K28.5K
Interest Income35.3K9.5K26.5K53.1K47.8K34.2K
Depreciation And Amortization87.6K220.9K253.9K407.0K468.1K491.5K
Selling General Administrative2.8M2.9M10.1M9.8M11.3M11.9M
Selling And Marketing Expenses2.3M1.7M952.9K1.0M917.0K1.2M
Total Revenue9.1M5.3M6.3M5.7M5.1M5.5M
Gross Profit6.7M3.4M4.3M4.2M3.8M4.0M
Other Operating Expenses7.8M6.8M13.5M12.8M14.8M9.5M
Operating Income1.3M(1.5M)(7.2M)(7.1M)(6.4M)(6.1M)
Net Income From Continuing Ops1.0M(1.1M)(6.2M)(7.2M)(6.5M)(6.1M)
Ebitda1.5M(1.3M)(6.9M)(6.7M)(6.0M)(5.7M)
Cost Of Revenue2.3M1.9M2.0M1.5M1.4M1.6M
Total Operating Expenses5.4M4.9M11.5M11.3M13.0M7.3M
Reconciled Depreciation87.6K126.2K252.1K407.0K468.1K491.5K
Income Before Tax1.4M(1.4M)(6.3M)(6.9M)(6.2M)(5.9M)
Total Other Income Expense Net113.6K81.9K845.6K239.2K275.1K258.9K
Net Income1.0M(1.1M)(6.2M)(6.8M)(6.1M)(5.8M)

Pair Trading with Elite Education

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

Moving against Elite Stock

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  0.63WAFU Wah Fu EducationPairCorr
  0.61YQ 17 Education TechnologyPairCorr
  0.59GSUN Golden Sun EducationPairCorr
  0.55GOTU Gaotu Techedu DRCPairCorr
The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education 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 Elite Education - 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 Elite Education Group to buy it.
The correlation of Elite Education 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 Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education 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 Elite Education 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 CorrelationCorrelation Matching

Additional Tools for Elite Stock Analysis

When running Elite Education's price analysis, check to measure Elite Education's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.