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.
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.
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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
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Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.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.Operating Income
Operating Income is the amount of profit realized from Elite Education Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Elite Education Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 12/12/2024, 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 Income | 26.5K | 53.1K | 47.8K | 34.2K | Net Interest Income | 17.5K | 43.9K | 39.5K | 28.5K |
Elite Education income statement Correlations
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Elite Education Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Elite Education income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 7.6K | 7.1K | 17.5K | 9.2K | 8.2K | 13.3K | |
| Ebit | 1.4M | (1.6M) | (7.2M) | (7.1M) | (6.4M) | (6.0M) | |
| Net Income Applicable To Common Shares | 2.1M | 1.0M | (1.1M) | (6.1M) | (5.5M) | (5.2M) | |
| Income Tax Expense | 397.6K | (307.2K) | (83.4K) | 289.5K | 260.5K | 242.5K | |
| Tax Provision | 397.6K | (307.2K) | (83.4K) | 289.5K | 260.5K | 215.0K | |
| Net Interest Income | 27.7K | 2.5K | 17.5K | 43.9K | 39.5K | 28.5K | |
| Interest Income | 35.3K | 9.5K | 26.5K | 53.1K | 47.8K | 34.2K | |
| Depreciation And Amortization | 87.6K | 220.9K | 253.9K | 407.0K | 468.1K | 491.5K | |
| Selling General Administrative | 2.8M | 2.9M | 10.1M | 9.8M | 11.3M | 11.9M | |
| Selling And Marketing Expenses | 2.3M | 1.7M | 952.9K | 1.0M | 917.0K | 1.2M | |
| Total Revenue | 9.1M | 5.3M | 6.3M | 5.7M | 5.1M | 5.5M | |
| Gross Profit | 6.7M | 3.4M | 4.3M | 4.2M | 3.8M | 4.0M | |
| Other Operating Expenses | 7.8M | 6.8M | 13.5M | 12.8M | 14.8M | 9.5M | |
| Operating Income | 1.3M | (1.5M) | (7.2M) | (7.1M) | (6.4M) | (6.1M) | |
| Net Income From Continuing Ops | 1.0M | (1.1M) | (6.2M) | (7.2M) | (6.5M) | (6.1M) | |
| Ebitda | 1.5M | (1.3M) | (6.9M) | (6.7M) | (6.0M) | (5.7M) | |
| Cost Of Revenue | 2.3M | 1.9M | 2.0M | 1.5M | 1.4M | 1.6M | |
| Total Operating Expenses | 5.4M | 4.9M | 11.5M | 11.3M | 13.0M | 7.3M | |
| Reconciled Depreciation | 87.6K | 126.2K | 252.1K | 407.0K | 468.1K | 491.5K | |
| Income Before Tax | 1.4M | (1.4M) | (6.3M) | (6.9M) | (6.2M) | (5.9M) | |
| Total Other Income Expense Net | 113.6K | 81.9K | 845.6K | 239.2K | 275.1K | 258.9K | |
| Net Income | 1.0M | (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
| 0.68 | VSTA | Vasta Platform | PairCorr |
| 0.64 | GSUN | Golden Sun Education | PairCorr |
| 0.63 | WAFU | Wah Fu Education | PairCorr |
| 0.57 | YQ | 17 Education Technology | PairCorr |
| 0.55 | GOTU | Gaotu Techedu DRC | PairCorr |
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.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.