AKITA Financial Statements From 2010 to 2024

Stocks . Canada . 
Stock . AKITA Drilling
AKT-A Stock  CAD 1.64  0.05  2.96%   
AKITA Drilling financial statements provide useful quarterly and yearly information to potential AKITA Drilling investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on AKITA Drilling financial statements helps investors assess AKITA Drilling's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting AKITA Drilling's valuation are summarized below:
Gross Profit
49.1 M
Profit Margin
0.0118
Market Capitalization
68 M
Enterprise Value Revenue
0.6608
Revenue
177.8 M
There are currently one hundred twenty fundamental signals for AKITA Drilling that can be evaluated and compared over time across rivals. All traders should validate AKITA Drilling's prevailing fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction. Enterprise Value is likely to gain to about 120.9 M in 2024, whereas Market Cap is likely to drop slightly above 52.1 M in 2024.

AKITA Drilling Total Revenue

135.41 Million

Check AKITA Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AKITA Drilling's main balance sheet or income statement drivers, such as Depreciation And Amortization of 19.1 M, Total Revenue of 135.4 M or Gross Profit of 24.1 M, as well as many indicators such as Price To Sales Ratio of 0.23, Dividend Yield of 0.2 or PTB Ratio of 0.33. AKITA financial statements analysis is a perfect complement when working with AKITA Drilling Valuation or Volatility modules.
  
This module can also supplement various AKITA Drilling Technical models . Check out the analysis of AKITA Drilling Correlation against competitors.

AKITA Drilling Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets217.5 M263.6 M262.9 M
Pretty Stable
Other Current Liabilities8.3 M13.9 M12.7 M
Very volatile
Total Current Liabilities24.5 M32 M25.9 M
Very volatile
Total Stockholder Equity159.8 M156 M188 M
Very volatile
Property Plant And Equipment Net156.5 M198 M209.6 M
Pretty Stable
Accounts Payable9.3 M16.8 M7.9 M
Pretty Stable
Non Current Assets Total160.5 M204.5 M216.1 M
Pretty Stable
Non Currrent Assets Other2.5 M1.4 M3.3 M
Slightly volatile
Net Receivables33.5 M47.1 M35.8 M
Very volatile
Common Stock Shares Outstanding24.3 M40.1 M26.1 M
Slightly volatile
Liabilities And Stockholders Equity217.5 M263.6 M262.9 M
Pretty Stable
Non Current Liabilities Total79.5 M75.7 M52.2 M
Slightly volatile
Other Current Assets1 M812 K867.3 K
Slightly volatile
Other Stockholder Equity11.8 M6.1 M7.4 M
Slightly volatile
Total Liabilities57.7 M107.7 M75 M
Slightly volatile
Total Current Assets57 M59.1 M46.8 M
Very volatile
Short and Long Term Debt Total43.5 M70.4 M45.9 M
Slightly volatile
Short Term Debt612.8 K645 K7.1 M
Slightly volatile
Short Term Investments4.3 M4.5 M5.8 M
Slightly volatile
Common Stock93.5 M146.3 M77.3 M
Slightly volatile
Other Liabilities4.7 M4.9 M18.9 M
Slightly volatile
Net Tangible Assets152.3 M124.1 M195.1 M
Slightly volatile
Other Assets1.6 M1.4 M2.7 M
Slightly volatile
Inventory0.860.9283.5 K
Pretty Stable
Property Plant Equipment194.1 M181.9 M220.6 M
Very volatile
Net Invested Capital201.1 M225.5 M212.1 M
Slightly volatile
Long Term Investments3.4 M5.1 M3.6 M
Slightly volatile
Non Current Liabilities Other7.2 K8.1 K8.8 K
Slightly volatile
Net Working Capital16.4 M27.1 M15.3 M
Pretty Stable
Long Term Debt86.3 M69.5 M76.6 M
Slightly volatile
Capital Lease Obligations1.6 M873 K1.2 M
Slightly volatile
Short and Long Term Debt1.5 M1.5 M6.5 M
Slightly volatile
Capital Stock160.9 M146.3 M147.2 M
Slightly volatile
Property Plant And Equipment Gross654.1 M612.1 M591.2 M
Slightly volatile

AKITA Drilling Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization19.1 M28.5 M26.3 M
Slightly volatile
Total Revenue135.4 M225.5 M143.1 M
Pretty Stable
Other Operating Expenses123.1 M211.7 M142.9 M
Pretty Stable
EBITDA34.8 M51.7 M33.2 M
Pretty Stable
Cost Of Revenue102.3 M195.5 M124.7 M
Slightly volatile
Total Operating Expenses20.8 M16.1 M18.2 M
Very volatile
Interest Expense7.3 M6.9 M2.8 M
Slightly volatile
Interest Income391.6 K373 K297.4 K
Slightly volatile
Selling General Administrative14.6 M16.1 M15.9 M
Pretty Stable
Reconciled Depreciation33.1 M28.5 M28.9 M
Slightly volatile

AKITA Drilling Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow15.2 M13.3 M10 M
Slightly volatile
Depreciation19.1 M28.5 M26.3 M
Slightly volatile
Capital Expenditures27.4 M24.6 M28.9 M
Slightly volatile
End Period Cash Flow15.6 M11.2 M8.9 M
Pretty Stable
Stock Based Compensation295.8 K387 K368.9 K
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.230.24320.9199
Slightly volatile
Dividend Yield0.20.190.1049
Slightly volatile
PTB Ratio0.330.35170.6925
Slightly volatile
Days Sales Outstanding73.6676.241194.7172
Pretty Stable
Book Value Per Share5.673.89598.3124
Slightly volatile
Average Payables17.8 M21.9 M23.5 M
Pretty Stable
Stock Based Compensation To Revenue0.00330.00170.003
Slightly volatile
Capex To Depreciation0.820.86261.1356
Slightly volatile
PB Ratio0.330.35170.6925
Slightly volatile
EV To Sales0.940.50591.1396
Pretty Stable
Inventory Turnover44.8447.2189
Slightly volatile
Days Of Inventory On Hand0.00.00.6776
Pretty Stable
Payables Turnover9.3911.628818.6756
Very volatile
Average Inventory0.430.45283.5 K
Pretty Stable
Capex To Revenue0.150.10910.1904
Slightly volatile
Days Payables Outstanding58.8931.387526.9465
Very volatile
Current Ratio2.931.84872.0922
Pretty Stable
Tangible Book Value Per Share5.673.89598.3124
Slightly volatile
Receivables Turnover4.734.78744.3237
Pretty Stable
Graham Number9.126.3513.0598
Slightly volatile
Shareholders Equity Per Share5.673.89598.3124
Slightly volatile
Debt To Equity0.260.44590.3261
Slightly volatile
Capex Per Share1.020.61431.3913
Slightly volatile
Average Receivables41.3 M36.8 M33.7 M
Very volatile
Revenue Per Share4.745.63245.9852
Slightly volatile
Interest Debt Per Share1.991.89961.323
Slightly volatile
Debt To Assets0.150.26380.1976
Slightly volatile
Operating Cycle73.9376.241195.4127
Pretty Stable
Price Book Value Ratio0.330.35170.6925
Slightly volatile
Days Of Payables Outstanding58.8931.387526.9465
Very volatile
Ebt Per Ebit1.61.34193.0065
Very volatile
Company Equity Multiplier1.111.69041.4183
Slightly volatile
Long Term Debt To Capitalization0.180.30840.1981
Slightly volatile
Total Debt To Capitalization0.180.30840.2284
Slightly volatile
Debt Equity Ratio0.260.44590.3261
Slightly volatile
Quick Ratio2.931.84872.083
Pretty Stable
Net Income Per E B T0.580.9930.8322
Slightly volatile
Cash Conversion Cycle31.144.853669.537
Very volatile
Days Of Inventory Outstanding0.00.00.6776
Pretty Stable
Days Of Sales Outstanding73.6676.241194.7172
Pretty Stable
Price To Book Ratio0.330.35170.6925
Slightly volatile
Fixed Asset Turnover1.651.13880.9745
Slightly volatile
Debt Ratio0.150.26380.1976
Slightly volatile
Price Sales Ratio0.230.24320.9199
Slightly volatile
Asset Turnover0.840.85530.6212
Pretty Stable
Price Fair Value0.330.35170.6925
Slightly volatile

AKITA Drilling Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap52.1 M54.8 M121.2 M
Slightly volatile
Enterprise Value120.9 M114.1 M152.2 M
Slightly volatile

AKITA Fundamental Market Drivers

Forward Price Earnings4.5683
Cash And Short Term Investments11.2 M

About AKITA Drilling Financial Statements

AKITA Drilling shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although AKITA Drilling investors may analyze each financial statement separately, they are all interrelated. The changes in AKITA Drilling's assets and liabilities, for example, are also reflected in the revenues and expenses on on AKITA Drilling's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue627 K658.4 K
Total Revenue225.5 M135.4 M
Cost Of Revenue195.5 M102.3 M
Capex To Revenue 0.11  0.15 
Revenue Per Share 5.63  4.74 
Ebit Per Revenue 0.06  0.09 

Pair Trading with AKITA Drilling

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 AKITA Drilling 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 AKITA Drilling will appreciate offsetting losses from the drop in the long position's value.

Moving together with AKITA Stock

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Moving against AKITA Stock

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The ability to find closely correlated positions to AKITA Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AKITA Drilling 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 AKITA Drilling - 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 AKITA Drilling to buy it.
The correlation of AKITA Drilling 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 AKITA Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AKITA Drilling 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 AKITA Drilling 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 CorrelationCorrelation Matching

Additional Tools for AKITA Stock Analysis

When running AKITA Drilling's price analysis, check to measure AKITA Drilling'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 AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.
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