URE Historical Income Statement
| URE Stock | CAD 1.77 0.01 0.56% |
Historical analysis of Ur Energy income statement accounts such as Depreciation And Amortization of 2.8 M, Interest Expense of 505.8 K, Selling General Administrative of 4.8 M or Other Operating Expenses of 25.6 M can show how well Ur Energy performed in making a profits. Evaluating Ur Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ur Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Ur Energy 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 Ur Energy is a good buy for the upcoming year.
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About URE Income Statement Analysis
Ur Energy 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 Ur Energy shareholders. The income statement also shows URE 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).
Ur Energy 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 Ur Energy. It is also known as Ur Energy 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.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 Ur Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ur Energy 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 Ur Energy. 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 URE Stock, please use our How to Invest in Ur Energy guide.At this time, Ur Energy's Total Other Income Expense Net is very stable compared to the past year. As of the 12th of December 2024, Research Development is likely to grow to about 21.4 M, while Depreciation And Amortization is likely to drop about 2.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 16K | 19K | 17.7M | 16.5M | Cost Of Revenue | 7M | 6.9M | 19.4M | 17.2M |
Ur Energy income statement Correlations
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Ur Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ur Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 4.4M | 4.3M | 3.8M | 3.0M | 3.0M | 2.8M | |
| Interest Expense | 668K | 710K | 733K | 463K | 532.5K | 505.8K | |
| Selling General Administrative | 5.8M | 5.2M | 5.3M | 6.0M | 6.2M | 4.8M | |
| Other Operating Expenses | 40.5M | 21.7M | 16.8M | 19.8M | 48.5M | 25.6M | |
| Operating Income | (8.3M) | (13.3M) | (16.8M) | (19.8M) | (30.8M) | (29.3M) | |
| Ebit | (7.8M) | (13.3M) | (15.9M) | (18.5M) | (30.8M) | (29.3M) | |
| Ebitda | (3.3M) | (9.1M) | (12.0M) | (15.5M) | (27.9M) | (26.5M) | |
| Total Operating Expenses | 10.3M | 8.7M | 9.8M | 13.0M | 29.2M | 15.2M | |
| Income Before Tax | (8.4M) | (14.8M) | (22.9M) | (17.1M) | (30.7M) | (29.1M) | |
| Total Other Income Expense Net | (140K) | (1.4M) | (6.2M) | 2.7M | 186K | 195.3K | |
| Net Income | (9.1M) | (15.5M) | (24.6M) | (14.5M) | (30.7M) | (29.1M) | |
| Income Tax Expense | 711K | 728K | 1.6M | (2.7M) | (210K) | (199.5K) | |
| Research Development | 1.4M | 1.1M | 1.9M | 4.7M | 20.4M | 21.4M | |
| Gross Profit | 2.0M | (4.7M) | (7.0M) | (6.8M) | (1.7M) | (1.6M) | |
| Cost Of Revenue | 30.3M | 13.0M | 7M | 6.9M | 19.4M | 17.2M | |
| Total Revenue | 32.3M | 8.3M | 16K | 19K | 17.7M | 16.5M | |
| Net Income From Continuing Ops | (8.4M) | (14.8M) | (22.9M) | (17.1M) | (30.7M) | (29.1M) | |
| Net Income Applicable To Common Shares | (8.4M) | (14.8M) | (22.9M) | (17.1M) | (15.4M) | (14.7M) | |
| Interest Income | 172K | 1.5M | 7.1M | 1.4M | 1.5M | 2.3M | |
| Net Interest Income | (668K) | (710K) | (733K) | (463K) | 1.5M | 1.5M | |
| Reconciled Depreciation | 4.4M | 4.3M | 3.8M | 3.0M | 3.0M | 3.1M |
Pair Trading with Ur Energy
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 Ur Energy 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 Ur Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with URE Stock
Moving against URE Stock
| 0.72 | MFC-PC | Manulife Finl Srs | PairCorr |
| 0.58 | SAGE | Sage Potash Corp | PairCorr |
| 0.58 | SLF-PD | Sun Life Financial | PairCorr |
| 0.55 | SLF-PC | Sun Life Financial | PairCorr |
The ability to find closely correlated positions to Ur Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ur Energy 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 Ur Energy - 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 Ur Energy to buy it.
The correlation of Ur Energy 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 Ur Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ur Energy 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 Ur Energy 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 Ur Energy. 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 URE Stock, please use our How to Invest in Ur Energy guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.