AMR Historical Income Statement
| AMR Stock | CAD 0.04 0.01 12.50% |
Historical analysis of AM Resources income statement accounts such as Interest Income of 16 K, Interest Expense of 76.5 K or Selling General Administrative of 793.6 K can show how well AM Resources Corp performed in making a profits. Evaluating AM Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of AM Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining AM Resources Corp 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 AM Resources Corp is a good buy for the upcoming year.
AMR |
About AMR Income Statement Analysis
AM Resources Corp 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 AM Resources shareholders. The income statement also shows AMR 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).
AM Resources Income Statement Chart
AM Resources Corp Income Statement is one of the three primary financial statements used for reporting AMR's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of AM Resources Corp revenue and expense. AM Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, AM Resources' Interest Expense is fairly stable compared to the past year. Total Operating Expenses is likely to climb to about 2.1 M in 2024, whereas Interest Income is likely to drop slightly above 16 K in 2024. Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of AM Resources Corp. It is also known as AM Resources 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 AM Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into AM Resources Corp 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 AM Resources Corp. 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, AM Resources' Interest Expense is fairly stable compared to the past year. Total Operating Expenses is likely to climb to about 2.1 M in 2024, whereas Interest Income is likely to drop slightly above 16 K in 2024.
| 2023 | 2024 (projected) | Minority Interest | 6.6K | 6.2K | Income Tax Expense | 15.2K | 12.6K |
AM Resources income statement Correlations
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AM Resources Account Relationship Matchups
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AM Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Net Interest Income | (177.9K) | (195.0K) | (101.9K) | (44.7K) | (41.1K) | (43.2K) | |
| Interest Expense | 128.2K | 165.1K | 93.3K | 63.4K | 59.8K | 76.5K | |
| Selling General Administrative | 940.1K | 239.9K | 705.9K | 775.4K | 826.0K | 793.6K | |
| Operating Income | (961.6K) | (352.5K) | (1.2M) | (1.3M) | (1.3M) | (1.4M) | |
| Net Income From Continuing Ops | (1.3M) | (559.8K) | (3.0M) | (1.6M) | (1.4M) | (1.5M) | |
| Ebit | (1.4M) | (961.6K) | (352.5K) | (3.1M) | (2.8M) | (2.7M) | |
| Total Operating Expenses | 2.0M | 353.0K | 3.3M | 1.3M | 1.3M | 2.1M | |
| Income Before Tax | (1.3M) | (559.8K) | (3.0M) | (1.6M) | (1.4M) | (1.5M) | |
| Total Other Income Expense Net | (132.4K) | (12.2K) | (1.7M) | (197.9K) | (29.7K) | (31.2K) | |
| Net Income Applicable To Common Shares | (3.7M) | (1.3M) | (473.0K) | (3.0M) | (2.7M) | (2.6M) | |
| Net Income | (1.3M) | (561.3K) | (3.0M) | (1.6M) | (1.4M) | (1.5M) | |
| Total Revenue | 1.0M | 458.0 | 2.1M | 112.1K | (18.0K) | (17.1K) | |
| Ebitda | (1.1M) | (348.0K) | (2.9M) | (1.5M) | (1.4M) | (1.4M) | |
| Reconciled Depreciation | 54.8K | 46.7K | 28.8K | 17.7K | 16.0K | 29.6K | |
| Gross Profit | 136.4K | (46.1K) | 23.9K | (102.0K) | (18.0K) | (17.1K) | |
| Cost Of Revenue | 886.2K | 46.6K | 2.0M | 196.1K | 176.5K | 167.7K |
Pair Trading with AM Resources
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 AM Resources 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 AM Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with AMR Stock
| 0.68 | FRX | Fennec Pharmaceuticals | PairCorr |
Moving against AMR Stock
| 0.43 | SGR-U | Slate Grocery REIT Earnings Call Today | PairCorr |
| 0.41 | TC | Tucows Inc | PairCorr |
The ability to find closely correlated positions to AM Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AM Resources 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 AM Resources - 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 AM Resources Corp to buy it.
The correlation of AM Resources 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 AM Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AM Resources Corp 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 AM Resources 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 AM Resources Corp. 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for AMR Stock analysis
When running AM Resources' price analysis, check to measure AM Resources' 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 AM Resources is operating at the current time. Most of AM Resources' value examination focuses on studying past and present price action to predict the probability of AM Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AM Resources' price. Additionally, you may evaluate how the addition of AM Resources to your portfolios can decrease your overall portfolio volatility.
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