Almaden Historical Income Statement
| AMM Stock | CAD 0.06 0.01 8.33% |
Historical analysis of Almaden Minerals income statement accounts such as Interest Expense of 609.2 K, Selling General Administrative of 1.4 M or Total Revenue of 0.0 can show how well Almaden Minerals performed in making a profits. Evaluating Almaden Minerals income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Almaden Minerals's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Almaden Minerals 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 Almaden Minerals is a good buy for the upcoming year.
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About Almaden Income Statement Analysis
Almaden Minerals 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 Almaden Minerals shareholders. The income statement also shows Almaden 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).
Almaden Minerals Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Almaden Minerals. It is also known as Almaden Minerals 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 Almaden Minerals' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Almaden 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Almaden Minerals. 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, Almaden Minerals' Depreciation And Amortization is very stable compared to the past year. As of the 27th of November 2024, Interest Expense is likely to grow to about 609.2 K, while Selling General Administrative is likely to drop about 1.4 M.
Almaden Minerals income statement Correlations
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Almaden Minerals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Almaden Minerals income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 145.6K | 141.0K | 138.1K | 121.2K | 112.9K | 154.5K | |
| Interest Expense | 249.2K | 383.2K | 407.7K | 515.7K | 580.2K | 609.2K | |
| Selling General Administrative | 2.5M | 2.6M | 3.6M | 3.3M | 1.4M | 1.4M | |
| Gross Profit | (145.6K) | (141.0K) | (138.1K) | (121.2K) | (112.9K) | (107.2K) | |
| Other Operating Expenses | 3.2M | 3.0M | 4.1M | 3.7M | 4.6M | 3.8M | |
| Operating Income | (3.3M) | (3.1M) | (3.6M) | (3.5M) | (4.6M) | (4.8M) | |
| Ebit | (3.3M) | (3.1M) | (3.6M) | (3.5M) | (4.6M) | (4.3M) | |
| Ebitda | (3.2M) | (2.9M) | (3.5M) | (3.3M) | (4.4M) | (4.2M) | |
| Total Operating Expenses | 3.0M | 2.9M | 4.0M | 3.6M | 4.4M | 3.7M | |
| Income Before Tax | (3.8M) | (3.1M) | (2.4M) | (10.5M) | (66.7M) | (63.4M) | |
| Total Other Income Expense Net | (418.1K) | (70.6K) | 1.3M | (7.0M) | (62.2M) | (59.0M) | |
| Net Income | (4.0M) | (3.5M) | (2.7M) | (11.8M) | (63.6M) | (60.4M) | |
| Income Tax Expense | 249.2K | 383.2K | 314.1K | 1.3M | (3.1M) | (2.9M) | |
| Cost Of Revenue | 145.6K | 141.0K | 138.1K | 121.2K | 112.9K | 164.8K | |
| Selling And Marketing Expenses | 262.1K | 82.0K | 201.0K | 107.9K | 4.4M | 4.7M | |
| Net Income From Continuing Ops | (3.8M) | (3.1M) | (2.7M) | (11.8M) | (63.6M) | (60.4M) | |
| Net Income Applicable To Common Shares | (3.8M) | (3.1M) | (2.7M) | (11.8M) | (13.6M) | (12.9M) | |
| Interest Income | 424.4K | 40.2K | 490.2K | 253.9K | 370.7K | 249.5K | |
| Net Interest Income | (411.8K) | (407.1K) | 82.5K | (261.8K) | (209.5K) | (199.0K) | |
| Reconciled Depreciation | 145.6K | 141.0K | 138.1K | 121.2K | 112.9K | 112.4K |
Pair Trading with Almaden 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 Almaden 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 Almaden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Almaden Stock
The ability to find closely correlated positions to Almaden 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 Almaden 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 Almaden 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 Almaden Minerals to buy it.
The correlation of Almaden 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 Almaden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almaden 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 Almaden 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.Other Information on Investing in Almaden Stock
Almaden Minerals 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 Almaden Minerals shareholders. The income statement also shows Almaden 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).