Foraco Historical Income Statement
| FAR Stock | CAD 2.34 0.21 9.86% |
Historical analysis of Foraco International income statement accounts such as Gross Profit of 98.6 M or Operating Income of 70 M can show how well Foraco International SA performed in making a profits. Evaluating Foraco International income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Foraco International's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Foraco International 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 Foraco International is a good buy for the upcoming year.
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About Foraco Income Statement Analysis
Foraco International 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 Foraco International shareholders. The income statement also shows Foraco 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).
Foraco International Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Foraco International 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 Foraco International SA minus its cost of goods sold. It is profit before Foraco International 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.Most accounts from Foraco International's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Foraco International 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 Foraco International SA. 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, Foraco International's Depreciation And Amortization is very stable compared to the past year. As of the 4th of December 2024, EBIT is likely to grow to about 71.8 M, while Total Revenue is likely to drop about 201.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 46.8M | 71.3M | 93.9M | 98.6M | Total Revenue | 269.7M | 330.6M | 370.1M | 201.4M |
Foraco International income statement Correlations
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Foraco International Account Relationship Matchups
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High Negative Relationship
Foraco International income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 8.6M | 9.9M | 10.0M | 12.7M | 21.8M | 22.9M | |
| Total Revenue | 205.4M | 207.1M | 269.7M | 330.6M | 370.1M | 201.4M | |
| Gross Profit | 32.1M | 38.2M | 46.8M | 71.3M | 93.9M | 98.6M | |
| Operating Income | 11.0M | 17.2M | 58.9M | 46.4M | 66.7M | 70.0M | |
| Ebitda | 29.2M | 35.2M | 77.6M | 67.1M | 88.0M | 92.4M | |
| Total Other Income Expense Net | (8.5M) | (8.5M) | (10.0M) | (11.8M) | (20.1M) | (19.1M) | |
| Net Income | 2.6M | 7.7M | 35.5M | 19.8M | 28.7M | 30.1M | |
| Income Tax Expense | (135K) | 1.0M | 10.0M | 8.8M | 12.7M | 13.3M | |
| Depreciation And Amortization | 18.1M | 16.7M | 18.7M | 19.8M | 19.6M | 21.0M | |
| Selling General Administrative | 21.1M | 20.0M | 21.3M | 23.1M | 27.2M | 21.0M | |
| Other Operating Expenses | 194.5M | 189.9M | 245.6M | 284.2M | 303.4M | 195.1M | |
| Ebit | 11.1M | 18.6M | 58.9M | 47.3M | 68.4M | 71.8M | |
| Cost Of Revenue | 173.3M | 168.9M | 222.9M | 259.3M | 276.2M | 174.9M | |
| Total Operating Expenses | 21.1M | 21.0M | 22.7M | 24.9M | 27.2M | 20.1M | |
| Income Before Tax | 2.5M | 8.7M | 49.0M | 34.6M | 46.6M | 48.9M | |
| Net Income From Continuing Ops | 2.6M | 7.7M | 39.0M | 25.8M | 33.9M | 35.6M | |
| Net Income Applicable To Common Shares | 1.1M | 4.2M | 35.5M | 19.8M | 22.7M | 23.9M | |
| Minority Interest | 5.7M | 4.9M | (3.5M) | (6.0M) | (5.2M) | (4.9M) | |
| Tax Provision | (135K) | 1.0M | 10.0M | 8.8M | 12.7M | 13.3M | |
| Interest Income | 9.7M | 8.7M | 24.9M | 11.8M | 1.7M | 1.6M | |
| Net Interest Income | (8.5M) | (8.7M) | 24.9M | (11.8M) | (20.1M) | (19.1M) | |
| Reconciled Depreciation | 18.1M | 16.7M | 18.7M | 19.8M | 19.6M | 20.2M |
Pair Trading with Foraco International
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 Foraco International 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 Foraco International will appreciate offsetting losses from the drop in the long position's value.Moving together with Foraco Stock
Moving against Foraco Stock
The ability to find closely correlated positions to Foraco International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foraco International 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 Foraco International - 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 Foraco International SA to buy it.
The correlation of Foraco International 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 Foraco International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foraco International 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 Foraco International 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 Foraco Stock
Foraco International 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 Foraco International shareholders. The income statement also shows Foraco 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).