Altius Income Statement Research

ALS Stock

CAD 20.97 0.02 0.1%

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 Altius Minerals Valuation and Altius Minerals Correlation analysis.

At this time, Altius Minerals' EBITDA is very stable compared to the past year. As of the 24th of April 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

Gross Profit Total Revenue

Altius Minerals income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Total Revenue	Gross Profit	Cost Of Revenue	Net Income From Continuing Ops	Research Development	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.16	0.57	0.67	0.71	0.76	0.92	0.57	0.8	0.6	0.78	0.67	0.71	0.75	0.51	0.78	-0.31	0.17	0.56	-0.74	0.34	0.68
Interest Expense	0.16		0.43	0.4	0.39	0.46	0.32	0.24	0.04	-0.29	0.01	0.33	0.43	0.4	0.41	0.02	-0.4	0.09	0.22	-0.05	0.05	0.27
Selling General Administrative	0.57	0.43		0.91	0.73	0.82	0.74	0.66	0.45	0.03	0.39	0.74	0.87	0.83	0.77	0.52	-0.57	0.16	0.71	-0.28	0.35	0.73
Other Operating Expenses	0.67	0.4	0.91		0.81	0.91	0.86	0.78	0.59	0.19	0.51	0.93	0.96	0.94	0.81	0.64	-0.73	0.05	0.85	-0.2	0.38	0.8
Operating Income	0.71	0.39	0.73	0.81		0.89	0.85	0.39	0.82	0.28	0.76	0.75	0.92	0.87	0.88	0.8	-0.51	0.15	0.86	-0.4	0.69	0.93
Ebit	0.76	0.46	0.82	0.91	0.89		0.94	0.73	0.75	0.37	0.7	0.91	0.95	0.96	0.74	0.74	-0.52	-0.03	0.78	-0.35	0.4	0.83
Ebitda	0.92	0.32	0.74	0.86	0.85	0.94		0.73	0.84	0.54	0.79	0.87	0.89	0.93	0.66	0.83	-0.47	0.05	0.74	-0.55	0.39	0.81
Total Operating Expenses	0.57	0.24	0.66	0.78	0.39	0.73	0.73		0.43	0.44	0.4	0.82	0.65	0.76	0.28	0.51	-0.44	-0.21	0.5	-0.15	-0.1	0.42
Income Before Tax	0.8	0.04	0.45	0.59	0.82	0.75	0.84	0.43		0.77	0.99	0.63	0.7	0.76	0.51	0.97	-0.23	-0.04	0.65	-0.56	0.54	0.78
Total Other Income Expense Net	0.6	-0.29	0.03	0.19	0.28	0.37	0.54	0.44	0.77		0.82	0.32	0.22	0.38	-0.1	0.76	0.14	-0.29	0.17	-0.48	0.08	0.29
Net Income	0.78	0.01	0.39	0.51	0.76	0.7	0.79	0.4	0.99	0.82		0.54	0.62	0.69	0.43	0.96	-0.14	-0.06	0.56	-0.59	0.5	0.72
Income Tax Expense	0.67	0.33	0.74	0.93	0.75	0.91	0.87	0.82	0.63	0.32	0.54		0.92	0.95	0.68	0.62	-0.61	-0.1	0.85	-0.15	0.34	0.76
Total Revenue	0.71	0.43	0.87	0.96	0.92	0.95	0.89	0.65	0.7	0.22	0.62	0.92		0.97	0.88	0.71	-0.66	0.05	0.91	-0.27	0.55	0.91
Gross Profit	0.75	0.4	0.83	0.94	0.87	0.96	0.93	0.76	0.76	0.38	0.69	0.95	0.97		0.74	0.76	-0.57	-0.05	0.88	-0.31	0.47	0.87
Cost Of Revenue	0.51	0.41	0.77	0.81	0.88	0.74	0.66	0.28	0.51	-0.1	0.43	0.68	0.88	0.74		0.51	-0.7	0.26	0.83	-0.17	0.66	0.83
Net Income From Continuing Ops	0.78	0.02	0.52	0.64	0.8	0.74	0.83	0.51	0.97	0.76	0.96	0.62	0.71	0.76	0.51		-0.34	-0.06	0.66	-0.55	0.51	0.77
Research Development	-0.31	-0.4	-0.57	-0.73	-0.51	-0.52	-0.47	-0.44	-0.23	0.14	-0.14	-0.61	-0.66	-0.57	-0.7	-0.34		-0.1	-0.65	-0.01	-0.27	-0.53
Minority Interest	0.17	0.09	0.16	0.05	0.15	-0.03	0.05	-0.21	-0.04	-0.29	-0.06	-0.1	0.05	-0.05	0.26	-0.06	-0.1		0.06	-0.41	0.0	0.03
Tax Provision	0.56	0.22	0.71	0.85	0.86	0.78	0.74	0.5	0.65	0.17	0.56	0.85	0.91	0.88	0.83	0.66	-0.65	0.06		-0.15	0.69	0.9
Interest Income	-0.74	-0.05	-0.28	-0.2	-0.4	-0.35	-0.55	-0.15	-0.56	-0.48	-0.59	-0.15	-0.27	-0.31	-0.17	-0.55	-0.01	-0.41	-0.15		-0.19	-0.34
Net Interest Income	0.34	0.05	0.35	0.38	0.69	0.4	0.39	-0.1	0.54	0.08	0.5	0.34	0.55	0.47	0.66	0.51	-0.27	0.0	0.69	-0.19		0.82
Reconciled Depreciation	0.68	0.27	0.73	0.8	0.93	0.83	0.81	0.42	0.78	0.29	0.72	0.76	0.91	0.87	0.83	0.77	-0.53	0.03	0.9	-0.34	0.82

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Altius Minerals Account Relationship Matchups

Altius Minerals income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	8.1M	8.1M	6.8M	7.0M	9.3M	12.3M
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
Income Before Tax	20.4M	(19.0M)	45.2M	51.9M	15.3M	16.1M
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
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)

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 against Altius Stock

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0.62	FUND	Katipult Technology Corp	Pair Corr
0.6	QBR-A	Quebecor	Pair Corr

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.

Pair Correlation Correlation Matching

Check out Altius Minerals Valuation and Altius Minerals Correlation analysis.

You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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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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Please note, there is a significant difference between Altius Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Altius Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altius Minerals' 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.

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Altius Income Statement Research

Altius Minerals income statement Correlations

Altius Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Altius Minerals income statement Accounts

Pair Trading with Altius Minerals

Moving against Altius Stock

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Net Income	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.97	Income Before Tax
Gross Profit	+ 0.97	Total Revenue
Total Revenue	+ 0.96	Other Operating Expenses
Gross Profit	+ 0.96	Ebit
Net Income From Continuing Ops	+ 0.96	Net Income

Interest Income	- 0.74	Depreciation And Amortization
Research Development	- 0.73	Other Operating Expenses
Research Development	- 0.7	Cost Of Revenue
Research Development	- 0.66	Total Revenue
Tax Provision	- 0.65	Research Development
Research Development	- 0.61	Income Tax Expense