Accord Historical Income Statement
| ACD Stock | CAD 4.00 0.04 1.01% |
Historical analysis of Accord Financial income statement accounts such as Interest Expense of 37.1 M, Selling General Administrative of 18.4 M or Total Revenue of 31.7 M can show how well Accord Financial Corp performed in making a profits. Evaluating Accord Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Accord Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Accord Financial 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 Accord Financial Corp is a good buy for the upcoming year.
Accord |
About Accord Income Statement Analysis
Accord Financial 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 Accord Financial shareholders. The income statement also shows Accord 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).
Accord Financial Income Statement Chart
Add Fundamental
Total Revenue
Total revenue comprises all receipts Accord Financial Corp 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Accord Financial Corp minus its cost of goods sold. It is profit before Accord Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Accord Financial Corp. It is also known as Accord Financial 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.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Accord Financial Corp whose combined shares represent less than 50% of the total outstanding shares issued by Accord Financial have a minority interest in Accord Financial.Most accounts from Accord Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Accord Financial 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 Accord Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Accord Financial's Interest Income is very stable compared to the past year. As of the 30th of November 2024, Net Interest Income is likely to grow to about 34.1 M, while Depreciation And Amortization is likely to drop about 665 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 46.7M | 42.6M | 43.7M | 30.6M | Total Revenue | 47.6M | 43.4M | 44.4M | 31.7M |
Accord Financial income statement Correlations
Click cells to compare fundamentals
Accord Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Accord Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 51.4M | 36.9M | 30.5M | 38.7M | 700K | 665K | |
| Interest Expense | 17.1M | 14.6M | 15.9M | 24.1M | 35.3M | 37.1M | |
| Selling General Administrative | 26.2M | 26.5M | 31.5M | 29.6M | 34.5M | 18.4M | |
| Total Revenue | 39.1M | 33.9M | 47.6M | 43.4M | 44.4M | 31.7M | |
| Gross Profit | 38.1M | 32.9M | 46.7M | 42.6M | 43.7M | 30.6M | |
| Other Operating Expenses | 31.1M | 38.2M | 34.0M | 16.9M | 44.4M | 46.6M | |
| Operating Income | 8.0M | (4.3M) | 13.6M | 26.5M | 34.6M | 36.3M | |
| Ebit | (42.3M) | (40.1M) | (16.1M) | (9.1M) | 20.0M | 21.0M | |
| Ebitda | 9.0M | (3.2M) | 14.5M | 29.6M | 20.7M | 21.7M | |
| Total Operating Expenses | (31.1M) | (38.2M) | (34.0M) | (16.9M) | 44.4M | 46.6M | |
| Income Before Tax | 6.9M | (4.1M) | 14.9M | 2.6M | (27.2M) | (25.8M) | |
| Total Other Income Expense Net | 1.1M | (4.1M) | (1.5M) | (26.1M) | (61.8M) | (58.7M) | |
| Net Income | 6.4M | 607.8K | 11.9M | 1.4M | (14.6M) | (13.9M) | |
| Income Tax Expense | 1.6M | (4.7M) | 1.7M | 1.0M | (11.8M) | (11.2M) | |
| Cost Of Revenue | 1.0M | 1.0M | 930.3K | 834.5K | 700K | 665K | |
| Net Income From Continuing Ops | 5.3M | 607.8K | 13.2M | 1.6M | (15.4M) | (14.6M) | |
| Net Income Applicable To Common Shares | 6.4M | 416.6K | 11.9M | 1.4M | 1.3M | 1.2M | |
| Minority Interest | 3.9M | 3.9M | (1.3M) | (218.0K) | 768K | 729.6K | |
| Tax Provision | 1.6M | (4.7M) | 1.7M | 1.0M | (11.8M) | (11.2M) | |
| Interest Income | 17.1M | 42.7M | 15.9M | 24.1M | 68.7M | 72.2M | |
| Net Interest Income | 31.9M | 28.1M | 36.0M | 36.1M | 33.4M | 34.1M | |
| Research Development | 0.24 | 0.12 | 0.08 | 0.04 | 0.34 | 0.36 | |
| Reconciled Depreciation | 1.0M | 1.0M | 836.3K | 834.5K | 700K | 888.4K |
Pair Trading with Accord Financial
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 Accord Financial 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 Accord Financial will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Accord Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accord Financial 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 Accord Financial - 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 Accord Financial Corp to buy it.
The correlation of Accord Financial 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 Accord Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accord Financial 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 Accord Financial 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.Other Information on Investing in Accord Stock
Accord Financial 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 Accord Financial shareholders. The income statement also shows Accord 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).