Africa Historical Income Statement
| AOI Stock | CAD 2.07 0.04 1.97% |
Historical analysis of Africa Oil income statement accounts such as Interest Expense of 8 M, Selling General Administrative of 30.3 K or Other Operating Expenses of 82.6 K can show how well Africa Oil Corp performed in making a profits. Evaluating Africa Oil income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Africa Oil's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Africa Oil 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 Africa Oil Corp is a good buy for the upcoming year.
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About Africa Income Statement Analysis
Africa Oil 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 Africa Oil shareholders. The income statement also shows Africa 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).
Africa Oil 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 Africa Oil Corp. It is also known as Africa Oil 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Africa Oil income statement and is an important metric when analyzing Africa Oil Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Cost Of Revenue
Cost of Revenue is found on Africa Oil Corp income statement and represents the costs associated with goods and services Africa Oil provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Africa Oil's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Africa Oil 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 Africa Oil 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, Africa Oil's Net Interest Income is very stable compared to the past year. As of the 24th of November 2024, Reconciled Depreciation is likely to grow to about 1.6 M, while Depreciation And Amortization is likely to drop about 44.6 M.
| 2023 | 2024 (projected) | Interest Income | 7.8M | 6.2M | Minority Interest | 43.9M | 39.0M |
Africa Oil income statement Correlations
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Africa Oil Account Relationship Matchups
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Africa Oil income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 140.1M | 1.3M | 215.6M | 170.6M | 62.2M | 44.6M | |
| Interest Expense | 99K | 29.3M | 18.3M | 3.5M | 7.6M | 8.0M | |
| Selling General Administrative | 10.7M | 14.1M | 18.0M | 27M | 31.9K | 30.3K | |
| Other Operating Expenses | 11.8M | 14.1M | 18.0M | 27M | 86.9K | 82.6K | |
| Operating Income | (17.1M) | 227.3M | 208.9M | 111.4M | (94.1K) | (89.4K) | |
| Ebit | (156.6M) | 227.3M | (6.6M) | (56.8M) | (62.2M) | (59.1M) | |
| Ebitda | (16.6M) | 228.6M | 209.0M | 113.8M | (31.9K) | (30.3K) | |
| Total Operating Expenses | 11.3M | 14.1M | 18.0M | 27M | 86.9K | 82.6K | |
| Income Before Tax | (156.8M) | (17.6M) | 190.7M | (60.3M) | 87.1K | 91.5K | |
| Total Other Income Expense Net | (139.7M) | (244.9M) | (18.1M) | (171.7M) | 181.2K | 190.3K | |
| Net Income | (143.2M) | (287.3M) | (54.3M) | (57.9M) | 87.1K | 91.5K | |
| Income Tax Expense | (13.6M) | 269.7M | 245.0M | (2.4M) | (105.7K) | (100.4K) | |
| Net Income From Continuing Ops | (156.8M) | (17.6M) | 190.7M | (60.3M) | 87.1M | 91.5M | |
| Net Income Applicable To Common Shares | (156.8M) | (17.6M) | 190.7M | (60.3M) | (69.3M) | (72.8M) | |
| Interest Income | 8.2M | 1.1M | 18.1M | 1.1M | 7.8M | 6.2M | |
| Net Interest Income | 8.3M | (28.2M) | (18.1M) | (1.1M) | 200K | 210K |
Pair Trading with Africa Oil
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 Africa Oil 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 Africa Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Africa Stock
| 0.62 | PIC-A | Premium Income Split | PairCorr |
| 0.47 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.35 | SAGE | Sage Potash Corp | PairCorr |
| 0.31 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Africa Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Africa Oil 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 Africa Oil - 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 Africa Oil Corp to buy it.
The correlation of Africa Oil 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 Africa Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Africa Oil 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 Africa Oil 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 Africa Stock
Africa Oil 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 Africa Oil shareholders. The income statement also shows Africa 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).