Sprott Historical Income Statement
| PSLV Stock | CAD 14.52 0.13 0.90% |
Historical analysis of Sprott Physical income statement accounts such as Other Operating Expenses of 49.8 M, Cost Of Revenue of 23.3 M or Interest Income of 6 K can show how well Sprott Physical Silver performed in making a profits. Evaluating Sprott Physical income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sprott Physical's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Sprott Physical Silver 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 Sprott Physical Silver is a good buy for the upcoming year.
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About Sprott Income Statement Analysis
Sprott Physical Silver 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 Sprott Physical shareholders. The income statement also shows Sprott 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).
Sprott Physical 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 Sprott Physical Silver. It is also known as Sprott Physical 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.Most accounts from Sprott Physical's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sprott Physical Silver 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Silver. 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, Sprott Physical's Other Operating Expenses is very stable compared to the past year. As of the 2nd of December 2024, Cost Of Revenue is likely to grow to about 23.3 M, while Depreciation And Amortization is likely to drop about 151.9 K.
Sprott Physical income statement Correlations
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Sprott Physical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sprott Physical income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 171.9K | 206.3K | 236.6K | 228.5K | 167.9K | 151.9K | |
| Selling General Administrative | 1.8M | 2.3M | 4.6M | 3.6M | 4.6M | 2.9M | |
| Total Revenue | 128.2M | 725.7M | (543.7M) | 107.8M | (47.4M) | (49.8M) | |
| Gross Profit | 128.2M | 725.7M | (543.7M) | 107.8M | (47.4M) | (49.8M) | |
| Other Operating Expenses | 2.1M | 2.9M | 5.8M | 4.6M | 47.4M | 49.8M | |
| Operating Income | 126.1M | 722.8M | (549.5M) | 103.2M | (53.5M) | (56.2M) | |
| Ebit | 126.1M | 722.8M | (549.5M) | 103.2M | (53.7M) | (56.4M) | |
| Ebitda | 126.1M | 722.8M | (549.5M) | 103.2M | (53.5M) | (56.2M) | |
| Total Operating Expenses | 2.1M | 2.9M | 5.8M | 4.6M | (47.4M) | (45.1M) | |
| Income Before Tax | 126.1M | 722.8M | (549.5M) | 103.2M | (53.5M) | (56.2M) | |
| Net Income | 126.1M | 722.8M | (549.5M) | 103.2M | (53.5M) | (56.2M) | |
| Cost Of Revenue | 5.3M | 5.4M | 9.1M | 19.3M | 22.2M | 23.3M | |
| Income Tax Expense | (171.9K) | (206.3K) | (236.6K) | (228.5K) | (167.9K) | (176.3K) | |
| Net Income From Continuing Ops | 126.1M | 722.8M | (549.5M) | 103.2M | (53.5M) | (50.9M) | |
| Interest Income | 360.0 | 350.0 | 0.0 | 5K | 5.8K | 6.0K | |
| Net Income Applicable To Common Shares | (87.7M) | 126.1M | 722.8M | (549.5M) | (494.6M) | (469.8M) |
Pair Trading with Sprott Physical
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 Sprott Physical 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 Sprott Physical will appreciate offsetting losses from the drop in the long position's value.Moving together with Sprott Stock
| 0.98 | CEF | Sprott Physical Gold | PairCorr |
| 0.94 | PHYS | Sprott Physical Gold | PairCorr |
| 0.91 | SPPP | Sprott Physical Platinum | PairCorr |
The ability to find closely correlated positions to Sprott Physical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sprott Physical 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 Sprott Physical - 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 Sprott Physical Silver to buy it.
The correlation of Sprott Physical 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 Sprott Physical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sprott Physical Silver 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 Sprott Physical 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Sprott Physical Silver. 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. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.