New Historical Income Statement
| GBR Stock | USD 1.19 0.03 2.46% |
Historical analysis of New Concept income statement accounts such as Total Revenue of 144.4 K or Gross Profit of 144.4 K can show how well New Concept Energy performed in making a profits. Evaluating New Concept income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of New Concept's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining New Concept Energy 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 New Concept Energy is a good buy for the upcoming year.
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About New Income Statement Analysis
New Concept Energy 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 New Concept shareholders. The income statement also shows New 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).
New Concept Income Statement Chart
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Total Revenue
Total revenue comprises all receipts New Concept Energy 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 New Concept Energy. It is also known as New Concept 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.Cost Of Revenue
Cost of Revenue is found on New Concept Energy income statement and represents the costs associated with goods and services New Concept provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.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 New Concept's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into New Concept Energy 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in New Concept Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, New Concept's Non Operating Income Net Other is relatively stable compared to the past year. As of 11/28/2024, Discontinued Operations is likely to grow to about 2.4 M, while Depreciation And Amortization is likely to drop slightly above 12.3 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 437K | 374K | 338K | 321.1K | Cost Of Revenue | 77K | 57K | 51.3K | 48.7K |
New Concept income statement Correlations
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New Concept Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Concept income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 396K | 253K | 2.7M | 12K | 13K | 12.4K | |
| Interest Expense | 24K | 18K | 15K | 12K | 5K | 212K | |
| Total Revenue | 682K | 590K | 101K | 212K | 152K | 144.4K | |
| Gross Profit | (96K) | (266K) | 24K | 155K | 152K | 144.4K | |
| Other Operating Expenses | 1.1M | 468K | 437K | 374K | 395K | 375.3K | |
| Operating Income | (2.8M) | (367K) | 75K | 181K | (243K) | (255.2K) | |
| Ebit | (2.8M) | (40K) | 83K | 181K | (21K) | (22.1K) | |
| Ebitda | (52K) | (28K) | 96K | 193K | (8K) | (8.4K) | |
| Cost Of Revenue | 686K | 367K | 77K | 57K | 51.3K | 48.7K | |
| Total Operating Expenses | 412K | 468K | 437K | 374K | 338K | 321.1K | |
| Income Before Tax | (2.4M) | (52K) | 70K | 181K | (21K) | (22.1K) | |
| Total Other Income Expense Net | 441K | 315K | 406K | 343K | 222K | 210.9K | |
| Net Income | (2.5M) | 1.9M | (126K) | 524K | (21K) | (22.1K) | |
| Income Tax Expense | 130K | (1.9M) | 196K | (343K) | (154.9K) | (147.2K) | |
| Selling General Administrative | 412K | 396K | 360K | 317K | 338K | 321.1K | |
| Net Income Applicable To Common Shares | (2.4M) | 1.9M | 70K | 181K | 162.9K | 154.8K | |
| Net Income From Continuing Ops | (2.4M) | (52K) | 70K | 181K | (21K) | (22.1K) | |
| Interest Income | 257K | 242K | 220K | 212K | 222K | 157.4K | |
| Net Interest Income | 242K | 230K | 215K | 212K | 222K | 154.8K |
Pair Trading with New Concept
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 New Concept 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 New Concept will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
The ability to find closely correlated positions to New Concept could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Concept 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 New Concept - 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 New Concept Energy to buy it.
The correlation of New Concept 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 New Concept moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Concept Energy 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 New Concept 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 New Stock Analysis
When running New Concept's price analysis, check to measure New Concept'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 New Concept is operating at the current time. Most of New Concept's value examination focuses on studying past and present price action to predict the probability of New Concept's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Concept's price. Additionally, you may evaluate how the addition of New Concept to your portfolios can decrease your overall portfolio volatility.