Mill Historical Income Statement
| MCVT Stock | USD 2.50 0.18 6.72% |
Historical analysis of Mill City income statement accounts such as Interest Expense of 102.6 K can show how well Mill City Ventures performed in making a profits. Evaluating Mill City income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Mill City's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Mill City Ventures 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 Mill City Ventures is a good buy for the upcoming year.
Mill |
About Mill Income Statement Analysis
Mill City Ventures 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 Mill City shareholders. The income statement also shows Mill 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).
Mill City Income Statement Chart
Mill City Ventures Income Statement is one of the three primary financial statements used for reporting Mill's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Mill City Ventures revenue and expense. Mill City Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Mill City's Depreciation And Amortization is comparatively stable compared to the past year. Other Operating Expenses is likely to gain to about 4.5 M in 2024, despite the fact that EBITDA is likely to grow to (1.5 M). Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mill City Ventures. It is also known as Mill City 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 Mill City Ventures 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.Cost Of Revenue
Cost of Revenue is found on Mill City Ventures income statement and represents the costs associated with goods and services Mill City 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.Most accounts from Mill City's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Mill City Ventures 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mill City Ventures. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. At this time, Mill City's Depreciation And Amortization is comparatively stable compared to the past year. Other Operating Expenses is likely to gain to about 4.5 M in 2024, despite the fact that EBITDA is likely to grow to (1.5 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 2.7M | 4.2M | 3.3M | 3.5M | Net Interest Income | 2.7M | 4.0M | 3.2M | 1.6M |
Mill City income statement Correlations
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Mill City Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mill City income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 10.1K | 2.6K | 2.1K | (996.5K) | 342.0K | 359.1K | |
| Other Operating Expenses | 834.4K | 735.8K | 1.4M | 2.6M | 4.3M | 4.5M | |
| Operating Income | (657.0K) | 2.5M | 3.9M | 952.5K | (1.5M) | (1.5M) | |
| Ebit | (657.0K) | 2.5M | 3.9M | 952.5K | (1.9M) | (1.8M) | |
| Ebitda | (654.4K) | 2.5M | 3.9M | 952.5K | (1.5M) | (1.5M) | |
| Total Operating Expenses | 834.4K | 735.8K | 1.4M | 2.6M | 4.3M | 4.5M | |
| Net Income | (657.0K) | 2.2M | 2.8M | 577.7K | (1.2M) | (1.1M) | |
| Income Tax Expense | 4.0 | 288.4K | 1.1M | 178.9K | (454.6K) | (477.3K) | |
| Total Revenue | 177.4K | 3.2M | 5.2M | 3.3M | 2.7M | 1.8M | |
| Gross Profit | 103.8K | 3.2M | 5.2M | 3.2M | 2.7M | 1.5M | |
| Cost Of Revenue | 73.7K | 66.3K | 66.5K | 73.1K | 68.4K | 65.0K | |
| Income Before Tax | (657.0K) | 2.5M | 3.9M | 756.6K | (1.6M) | (1.5M) | |
| Total Other Income Expense Net | 4.0 | (273.4K) | (246.8K) | (195.9K) | (78K) | (74.1K) | |
| Selling General Administrative | 418.2K | 365.9K | 731.9K | 1.9M | 1.8M | 1.9M | |
| Net Income From Continuing Ops | (657.0K) | 2.2M | 2.8M | 577.7K | (594.0K) | (564.3K) | |
| Net Income Applicable To Common Shares | (657.0K) | 2.2M | 2.8M | 107.0K | 123.0K | 116.9K | |
| Net Interest Income | 112.2K | 1.3M | 2.7M | 4.0M | 3.2M | 1.6M | |
| Interest Income | 112.2K | 1.3M | 2.7M | 4.2M | 3.3M | 3.5M | |
| Reconciled Depreciation | 10.1K | 2.6K | 2.1K | 141.0 | 126.9 | 120.56 |
Pair Trading with Mill City
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 Mill City 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 Mill City will appreciate offsetting losses from the drop in the long position's value.Moving against Mill Stock
| 0.5 | AB | AllianceBernstein | PairCorr |
| 0.44 | CG | Carlyle Group | PairCorr |
The ability to find closely correlated positions to Mill City could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mill City 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 Mill City - 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 Mill City Ventures to buy it.
The correlation of Mill City 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 Mill City moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mill City Ventures 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 Mill City 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mill City Ventures. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Mill Stock analysis
When running Mill City's price analysis, check to measure Mill City's 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 Mill City is operating at the current time. Most of Mill City's value examination focuses on studying past and present price action to predict the probability of Mill City's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mill City's price. Additionally, you may evaluate how the addition of Mill City to your portfolios can decrease your overall portfolio volatility.
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Is Mill City's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mill City. If investors know Mill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mill City listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.89) | Revenue Per Share 0.519 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0346 | Return On Equity (0) |
The market value of Mill City Ventures is measured differently than its book value, which is the value of Mill that is recorded on the company's balance sheet. Investors also form their own opinion of Mill City's value that differs from its market value or its book value, called intrinsic value, which is Mill City's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mill City's market value can be influenced by many factors that don't directly affect Mill City's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mill City's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mill City is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mill City's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.