Nortec Historical Income Statement
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Historical analysis of Nortec Minerals income statement accounts such as Cost Of Revenue of 8.9 K can show how well Nortec Minerals Corp performed in making a profits. Evaluating Nortec Minerals income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Nortec Minerals's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Nortec Minerals Corp 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 Nortec Minerals Corp is a good buy for the upcoming year.
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About Nortec Income Statement Analysis
Nortec Minerals Corp 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 Nortec Minerals shareholders. The income statement also shows Nortec 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).
Nortec Minerals Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Nortec Minerals Corp 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 Nortec Minerals Corp minus its cost of goods sold. It is profit before Nortec Minerals 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Nortec Minerals income statement and is an important metric when analyzing Nortec Minerals Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Nortec Minerals' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Nortec Minerals Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortec Minerals Corp. 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, Nortec Minerals' Selling General Administrative is fairly stable compared to the past year. Total Other Income Expense Net is likely to climb to about 246.8 K in 2024, whereas Gross Profit is likely to drop (20.7 K) in 2024.
Nortec Minerals income statement Correlations
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Nortec Minerals Account Relationship Matchups
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Nortec Minerals income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Selling General Administrative | 254.0K | 296.1K | 186.0K | 142.0K | 150.9K | 254.1K | |
| Operating Income | (268.8K) | (296.1K) | (186.0K) | (1.2M) | (562.5K) | (590.6K) | |
| Net Income From Continuing Ops | (292.8K) | (230.0K) | (3.0M) | (898.3K) | (327.4K) | (343.8K) | |
| Ebit | (254.3K) | (268.6K) | 165.3K | (1.2M) | (1.4M) | (1.3M) | |
| Total Operating Expenses | 268.8K | 296.1K | 186.0K | 1.2M | 562.5K | 465.7K | |
| Income Before Tax | (292.8K) | (230.0K) | (3.0M) | (898.3K) | (327.4K) | (343.8K) | |
| Total Other Income Expense Net | 380.0 | 91.8K | (2.8M) | 287.0K | 235.0K | 246.8K | |
| Net Income Applicable To Common Shares | (433.2K) | (292.8K) | (230.0K) | 139.2K | 160.0K | 168.0K | |
| Net Income | (292.8K) | (230.0K) | (3.0M) | (898.3K) | (327.4K) | (343.8K) |
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When running Nortec Minerals' price analysis, check to measure Nortec Minerals' 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 Nortec Minerals is operating at the current time. Most of Nortec Minerals' value examination focuses on studying past and present price action to predict the probability of Nortec Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortec Minerals' price. Additionally, you may evaluate how the addition of Nortec Minerals to your portfolios can decrease your overall portfolio volatility.