Trilogy Historical Income Statement
| TMQ Stock | CAD 1.58 0.02 1.28% |
Historical analysis of Trilogy Metals income statement accounts such as Total Operating Expenses of 7.2 M, Income Tax Expense of 16.3 M, Research Development of 122.7 K or Cost Of Revenue of 6.8 K can show how well Trilogy Metals performed in making a profits. Evaluating Trilogy Metals income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Trilogy Metals's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Trilogy Metals 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 Trilogy Metals is a good buy for the upcoming year.
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About Trilogy Income Statement Analysis
Trilogy Metals 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 Trilogy Metals shareholders. The income statement also shows Trilogy 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).
Trilogy Metals Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Trilogy Metals. It is also known as Trilogy Metals 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.Operating Income
Operating Income is the amount of profit realized from Trilogy Metals 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 Trilogy Metals 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.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 Trilogy Metals income statement and is an important metric when analyzing Trilogy Metals 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 Trilogy Metals' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Trilogy Metals 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Trilogy Metals. 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. To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.At this time, Trilogy Metals' Interest Expense is very stable compared to the past year. As of the 22nd of December 2024, Other Operating Expenses is likely to grow to about 11.4 M, while Depreciation And Amortization is likely to drop 6,840.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 17K | 8K | 7.2K | 6.8K | Net Interest Income | 34K | 120K | 108K | 122.3K |
Trilogy Metals income statement Correlations
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Trilogy Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trilogy Metals income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 91K | 21K | 17K | 8K | 7.2K | 6.8K | |
| Interest Expense | 19K | 56K | 36K | 34K | 39.1K | 65.2K | |
| Selling General Administrative | 10.5M | 8.4M | 6.9M | 2.0M | 1.8M | 1.7M | |
| Other Operating Expenses | 12.1M | 8.6M | 6.9M | 7.1M | 6.4M | 11.4M | |
| Operating Income | (187.8M) | (8.5M) | (7.0M) | (7.1M) | (6.4M) | (6.7M) | |
| Ebit | (11.6M) | (8.5M) | (7.0M) | (7.1M) | (8.2M) | (8.6M) | |
| Ebitda | (11.5M) | (8.5M) | (6.9M) | (7.1M) | (8.1M) | (8.6M) | |
| Total Operating Expenses | 10.6M | 8.6M | 6.9M | 7.1M | 6.4M | 7.2M | |
| Income Before Tax | 161.8M | (21.7M) | (24.3M) | (15.0M) | (17.2M) | (16.3M) | |
| Total Other Income Expense Net | 173.2M | (13.7M) | (17.5M) | (7.9M) | (9.0M) | (8.6M) | |
| Net Income | 337.6M | (21.7M) | (41.5M) | (15.0M) | (17.2M) | (16.3M) | |
| Income Tax Expense | (519K) | (175.8M) | 20K | 17.3M | 15.5M | 16.3M | |
| Gross Profit | (1.5M) | (21K) | (17K) | (8K) | (9.2K) | (9.7K) | |
| Cost Of Revenue | 1.5M | 21K | 17K | 8K | 7.2K | 6.8K | |
| Net Income From Continuing Ops | 161.8M | (21.7M) | (24.3M) | (15.0M) | (17.2M) | (16.3M) | |
| Net Income Applicable To Common Shares | (27.9M) | 161.8M | (21.7M) | (24.3M) | (27.9M) | (26.5M) | |
| Interest Income | 2.8M | 13.1M | 34K | 120K | 138K | 131.1K | |
| Net Interest Income | 87K | 16K | 34K | 120K | 108K | 122.3K | |
| Reconciled Depreciation | 273K | 21K | 17K | 8K | 7.2K | 6.8K |
Pair Trading with Trilogy Metals
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 Trilogy Metals 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 Trilogy Metals will appreciate offsetting losses from the drop in the long position's value.Moving against Trilogy Stock
| 0.87 | ORE | Orezone Gold Corp | PairCorr |
| 0.86 | INFM | Infinico Metals Corp | PairCorr |
| 0.7 | TKU | Tarku Resources | PairCorr |
| 0.36 | KDA | KDA Group | PairCorr |
The ability to find closely correlated positions to Trilogy Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trilogy Metals 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 Trilogy Metals - 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 Trilogy Metals to buy it.
The correlation of Trilogy Metals 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 Trilogy Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trilogy Metals 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 Trilogy Metals 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trilogy Metals. 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. To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.