Altius Historical Income Statement
ALS Stock | CAD 20.55 0.08 0.39% |
Historical analysis of Altius Minerals income statement accounts such as Interest Expense of 12.3 M, Selling General Administrative of 16.2 M or Other Operating Expenses of 53.4 M can show how well Altius Minerals performed in making a profits. Evaluating Altius Minerals income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Altius Minerals's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Altius Minerals 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 Altius Minerals is a good buy for the upcoming year.
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About Altius Income Statement Analysis
Altius Minerals 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 Altius Minerals shareholders. The income statement also shows Altius 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).
Altius Minerals Income Statement Chart
Altius Minerals Income Statement is one of the three primary financial statements used for reporting Altius's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Altius Minerals revenue and expense. Altius Minerals Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Altius Minerals' EBITDA is very stable compared to the past year. As of the 29th of March 2024, Total Operating Expenses is likely to grow to about 39.4 M, though Total Other Income Expense Net is likely to grow to (6.2 M). Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Altius Minerals. It is also known as Altius Minerals 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.Total Revenue
Total revenue comprises all receipts Altius Minerals 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.Most accounts from Altius Minerals' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Altius Minerals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Altius Minerals' EBITDA is very stable compared to the past year. As of the 29th of March 2024, Total Operating Expenses is likely to grow to about 39.4 M, though Total Other Income Expense Net is likely to grow to (6.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 34.3M | 53.7M | 47.4M | 49.8M | Total Revenue | 63.2M | 84.1M | 68.7M | 72.1M |
Altius Minerals income statement Correlations
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Altius Minerals Account Relationship Matchups
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Altius Minerals income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 15.6M | 18.0M | 22.9M | 24.3M | 27.9M | 29.3M | |
Interest Expense | 8.1M | 8.1M | 6.8M | 7.0M | 9.3M | 12.3M | |
Selling General Administrative | 11.6M | 12.9M | 12.1M | 13.9M | 15.5M | 16.2M | |
Other Operating Expenses | 32.6M | 36.1M | 40.5M | 44.2M | 50.8M | 53.4M | |
Operating Income | 33.3M | 25.6M | 49.7M | 59.6M | 31.1M | 32.7M | |
Ebit | 33.3M | 25.6M | 49.7M | 59.6M | 68.5M | 72.0M | |
Ebitda | 48.9M | 43.7M | 72.6M | 83.9M | 96.5M | 101.3M | |
Total Operating Expenses | 11.3M | 12.8M | 11.6M | 13.8M | 37.6M | 39.4M | |
Income Before Tax | 20.4M | (19.0M) | 45.2M | 51.9M | 15.3M | 16.1M | |
Total Other Income Expense Net | (12.8M) | (44.7M) | (4.6M) | (7.7M) | (6.6M) | (6.2M) | |
Net Income | 17.5M | (26.2M) | 40.0M | 37.5M | 9.5M | 10.0M | |
Income Tax Expense | 2.1M | 7.2M | 6.9M | 12.4M | 14.2M | 14.9M | |
Total Revenue | 44.9M | 50.9M | 63.2M | 84.1M | 68.7M | 72.1M | |
Gross Profit | 23.6M | 27.7M | 34.3M | 53.7M | 47.4M | 49.8M | |
Cost Of Revenue | 21.3M | 23.3M | 28.9M | 30.4M | 21.3M | 15.2M | |
Net Income From Continuing Ops | 18.3M | (26.2M) | 38.3M | 39.5M | 10.1M | 10.6M | |
Net Income Applicable To Common Shares | 17.5M | (26.9M) | 40.0M | 37.5M | 43.1M | 45.3M | |
Minority Interest | 14.8M | 20.9M | 1.7M | (2.0M) | (585K) | (555.8K) | |
Tax Provision | 2.1M | 7.2M | 6.9M | 12.4M | 5.2M | 5.4M | |
Interest Income | 3.1M | 457K | 8.7M | 8.0M | 7.2M | 11.3M | |
Net Interest Income | (8.1M) | 983K | 11.2M | 10.8M | (9.3M) | (8.8M) | |
Reconciled Depreciation | 15.6M | 18.0M | 22.9M | 24.3M | 16.0M | 19.3M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Altius Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Altius Minerals' short interest history, or implied volatility extrapolated from Altius Minerals options trading.
Pair Trading with Altius Minerals
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 Altius Minerals 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 Altius Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Altius Stock
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Moving against Altius Stock
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The ability to find closely correlated positions to Altius Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altius Minerals 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 Altius Minerals - 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 Altius Minerals to buy it.
The correlation of Altius Minerals 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 Altius Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altius Minerals 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 Altius Minerals 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Altius Stock analysis
When running Altius Minerals' price analysis, check to measure Altius Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altius Minerals is operating at the current time. Most of Altius Minerals' value examination focuses on studying past and present price action to predict the probability of Altius Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altius Minerals' price. Additionally, you may evaluate how the addition of Altius Minerals to your portfolios can decrease your overall portfolio volatility.
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