Goodfood Historical Income Statement
| FOOD Stock | CAD 0.45 0.01 2.17% |
Historical analysis of Goodfood Market income statement accounts such as Selling General Administrative of 60.3 K or Total Revenue of 0.0 can show how well Goodfood Market Corp performed in making a profits. Evaluating Goodfood Market income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Goodfood Market's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Goodfood Market 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 Goodfood Market Corp is a good buy for the upcoming year.
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About Goodfood Income Statement Analysis
Goodfood Market 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 Goodfood Market shareholders. The income statement also shows Goodfood 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).
Goodfood Market 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 Goodfood Market Corp. It is also known as Goodfood Market 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 Goodfood Market Corp income statement and represents the costs associated with goods and services Goodfood Market 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 Goodfood Market's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Goodfood Market 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Goodfood Market 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, Goodfood Market's Depreciation And Amortization is very stable compared to the past year. As of the 4th of December 2024, EBITDA is likely to grow to about 1.1 M, while Interest Expense is likely to drop 0.00.
| 2021 | 2022 | 2024 (projected) | Total Operating Expenses | 133.3M | 76.2M | 60.3K | Cost Of Revenue | 200.5M | 103.2M | 117.5M |
Goodfood Market income statement Correlations
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Goodfood Market Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goodfood Market income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 5.7M | 9.7M | 18.9M | 10.8M | 12.5M | 13.1M | |
| Interest Expense | 162.2K | 934K | 3.0M | 3.3M | 5.9M | 6.8M | |
| Selling General Administrative | 58.3M | 83.6M | 136.4M | 116.0M | 65.9M | 60.3K | |
| Total Revenue | 70.5M | 161.3M | 285.4M | 379.2M | 268.6M | 168.6M | |
| Gross Profit | 86.4M | 116.1M | 68.1M | 65.4M | 75.2M | 48.3M | |
| Other Operating Expenses | 287.9M | 408.4M | 333.8M | 179.4M | 206.3M | 183.2M | |
| Operating Income | (19.9M) | (1.8M) | (29.1M) | (65.2M) | (10.9M) | (66.6K) | |
| Net Income From Continuing Ops | (20.9M) | (4.1M) | (31.8M) | (121.8M) | (16.5M) | (290.8K) | |
| Ebit | (20.0M) | (3.2M) | (28.0M) | (117.3M) | (9.7M) | (66.6K) | |
| Ebitda | 2.5M | (18.3M) | (98.4M) | 1.1M | 1.0M | 1.1M | |
| Cost Of Revenue | 199.0M | 263.1M | 200.5M | 103.2M | 118.7M | 117.5M | |
| Total Operating Expenses | 60.9M | 89.0M | 145.2M | 133.3M | 76.2M | 60.3K | |
| Income Before Tax | (20.9M) | (4.9M) | (31.3M) | (123.3M) | (16.5M) | (290.8K) | |
| Total Other Income Expense Net | (346K) | (2.4M) | (2.2M) | (5.2M) | (5.7M) | (224.4K) | |
| Net Income Applicable To Common Shares | (20.9M) | (4.1M) | (31.8M) | (121.8M) | (109.6M) | (104.1M) | |
| Net Income | (21.9M) | (4.1M) | (31.8M) | (121.8M) | (16.5M) | (290.8K) | |
| Income Tax Expense | (804K) | 500K | (1.5M) | (61K) | (54.9K) | (52.2K) | |
| Net Interest Income | (247K) | (2.2M) | (2.4M) | (5.3M) | (5.7M) | 75.6 | |
| Interest Income | 346K | 2.4M | 2.2M | 5.1M | 1.1M | 68.4 | |
| Reconciled Depreciation | 5.4M | 8.8M | 17.3M | 10.8M | 12.5M | 7.1M |
Pair Trading with Goodfood Market
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 Goodfood Market 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 Goodfood Market will appreciate offsetting losses from the drop in the long position's value.Moving together with Goodfood Stock
| 0.85 | RY-PS | Royal Bank | PairCorr |
| 0.68 | RY | Royal Bank | PairCorr |
| 0.79 | RY-PM | Royal Bank | PairCorr |
| 0.75 | TD-PFI | Toronto Dominion Bank Earnings Call Tomorrow | PairCorr |
Moving against Goodfood Stock
| 0.46 | TD | Toronto Dominion Bank Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Goodfood Market could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfood Market 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 Goodfood Market - 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 Goodfood Market Corp to buy it.
The correlation of Goodfood Market 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 Goodfood Market moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfood Market Corp 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 Goodfood Market 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 Goodfood Stock
Goodfood Market 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 Goodfood Market shareholders. The income statement also shows Goodfood 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).