Uniteds Historical Income Statement
| UNC Stock | CAD 130.55 0.37 0.28% |
Historical analysis of Uniteds income statement accounts such as Interest Expense of 204.8 K, Selling General Administrative of 1.2 M, Total Revenue of 436.7 M or Gross Profit of 447.3 M can show how well Uniteds Limited performed in making a profits. Evaluating Uniteds income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Uniteds's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Uniteds Limited 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 Uniteds Limited is a good buy for the upcoming year.
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About Uniteds Income Statement Analysis
Uniteds Limited 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 Uniteds shareholders. The income statement also shows Uniteds 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).
Uniteds Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.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 Uniteds' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Uniteds Limited 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 Uniteds Limited. 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, Uniteds' Income Before Tax is very stable compared to the past year. As of the 4th of December 2024, Net Income is likely to grow to about 372 M, though Depreciation And Amortization is likely to grow to (393.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 329K | 1.9M | 2.5M | 1.3M | Net Interest Income | 329K | 923K | 2.3M | 2.4M |
Uniteds income statement Correlations
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Uniteds Account Relationship Matchups
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Uniteds income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 96.1M | (486.4M) | 23.8M | (19.1M) | (413.8M) | (393.1M) | |
| Selling General Administrative | 843K | 988K | 1.2M | 1.7M | 1.5M | 1.2M | |
| Total Revenue | (94.4M) | 488.2M | (21.6M) | 20.4M | 415.9M | 436.7M | |
| Gross Profit | (94.4M) | 488.2M | (21.6M) | 20.4M | 426.0M | 447.3M | |
| Other Operating Expenses | 1.6M | 1.9M | 2.2M | 2.3M | 12.2M | 12.8M | |
| Operating Income | (96.1M) | 486.4M | (23.8M) | 19.1M | 413.8M | 434.5M | |
| Ebit | (96.1M) | 486.4M | (23.8M) | 19.1M | 413.5M | 434.2M | |
| Total Operating Expenses | 1.6M | 1.9M | 2.2M | 2.3M | 12.2M | 12.8M | |
| Income Before Tax | (96.1M) | 486.4M | (23.8M) | 18.1M | 413.5M | 434.2M | |
| Net Income | (86.8M) | 422.6M | (23.1M) | 13.9M | 354.2M | 372.0M | |
| Income Tax Expense | (9.3M) | 63.7M | (733K) | 4.2M | 59.3M | 62.2M | |
| Cost Of Revenue | 11.9M | 12.3M | 14.7M | 11.6M | (10.1M) | (9.6M) | |
| Net Income From Continuing Ops | (86.8M) | 422.6M | (23.1M) | 13.9M | 354.2M | 372.0M | |
| Net Income Applicable To Common Shares | (87.1M) | 422.2M | (23.5M) | 13.5M | 12.1M | 11.5M | |
| Tax Provision | (9.3M) | 63.7M | (733K) | 4.2M | 59.3M | 62.2M | |
| Net Interest Income | 1.2M | 675K | 329K | 923K | 2.3M | 2.4M | |
| Interest Income | 1.2M | 675K | 329K | 1.9M | 2.5M | 1.3M |
Pair Trading with Uniteds
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 Uniteds 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 Uniteds will appreciate offsetting losses from the drop in the long position's value.Moving together with Uniteds Stock
The ability to find closely correlated positions to Uniteds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Uniteds 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 Uniteds - 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 Uniteds Limited to buy it.
The correlation of Uniteds 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 Uniteds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Uniteds Limited 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 Uniteds 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.Other Information on Investing in Uniteds Stock
Uniteds Limited 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 Uniteds shareholders. The income statement also shows Uniteds 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).