China Historical Income Statement
| CHNR Stock | USD 0.65 0.01 1.52% |
Historical analysis of China Natural income statement accounts such as Total Revenue of 0.0, Gross Profit of 5 M or Income Tax Expense of 4.2 M can show how well China Natural Resources performed in making a profits. Evaluating China Natural income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of China Natural's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining China Natural Resources 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 China Natural Resources is a good buy for the upcoming year.
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About China Income Statement Analysis
China Natural Resources 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 China Natural shareholders. The income statement also shows China 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).
China Natural 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 China Natural Resources. It is also known as China Natural 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on China Natural income statement and is an important metric when analyzing China Natural Resources 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.Most accounts from China Natural's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into China Natural Resources 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 China Natural Resources. 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, China Natural's Income Tax Expense is relatively stable compared to the past year. As of 11/21/2024, Selling General Administrative is likely to grow to about 23.8 M, while Total Revenue is likely to drop 0.00.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 2.8M | 2.5M | 1.6M | 1.7M | Interest Income | 16.9M | 15.6M | 5K | 4.8K |
China Natural income statement Correlations
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China Natural Account Relationship Matchups
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China Natural income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 60K | 38K | 4.1M | 4.0M | 48K | 45.6K | |
| Gross Profit | 217K | 13K | 241K | 5.8M | 5.2M | 5.0M | |
| Operating Income | (5.6M) | (7.1M) | (7.0M) | (15.2M) | (12.9M) | (12.2M) | |
| Ebit | (5.6M) | (8.5M) | (7.0M) | (26.7M) | (12.9M) | (12.2M) | |
| Ebitda | (4.3M) | (6.1M) | (4.3M) | (24.2M) | (12.3M) | (11.7M) | |
| Net Income | (5.7M) | 24.3M | (55.0M) | (22.3M) | (12.4M) | (11.8M) | |
| Income Tax Expense | 60K | (1.4M) | 2.1M | 5.9M | 4.1M | 4.2M | |
| Depreciation And Amortization | 1.3M | 2.4M | 2.8M | 2.5M | 543K | 515.9K | |
| Selling General Administrative | 5.8M | 7.1M | 22.9M | 36.7M | 12.9M | 23.8M | |
| Other Operating Expenses | 18.6M | 14.0M | 42.3M | 51.9M | 12.9M | 12.2M | |
| Cost Of Revenue | 12.8M | 6.9M | 18.5M | 14.5M | 13.0M | 12.4M | |
| Total Operating Expenses | 5.8M | 7.1M | 23.8M | 37.4M | 12.9M | 12.2M | |
| Income Before Tax | (5.6M) | 24.2M | (52.8M) | (16.4M) | (8.3M) | (7.9M) | |
| Total Other Income Expense Net | (46K) | 24.1M | (37.9M) | 8.8M | 4.5M | 4.3M | |
| Net Income Applicable To Common Shares | (6.2M) | (5.6M) | 25.6M | (48.2M) | (55.4M) | (58.1M) | |
| Net Income From Continuing Ops | (5.6M) | 25.6M | (55.0M) | (22.3M) | (8.3M) | (8.8M) | |
| Net Interest Income | (46K) | (27K) | 12.6M | 11.6M | (43K) | (40.9K) | |
| Interest Income | 16K | 18K | 16.9M | 15.6M | 5K | 4.8K | |
| Reconciled Depreciation | 1.3M | 1.0M | 2.8M | 2.5M | 1.6M | 1.7M |
Pair Trading with China Natural
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 China Natural 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 China Natural will appreciate offsetting losses from the drop in the long position's value.Moving against China Stock
The ability to find closely correlated positions to China Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Natural 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 China Natural - 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 China Natural Resources to buy it.
The correlation of China Natural 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 China Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Natural Resources 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 China Natural 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.Additional Tools for China Stock Analysis
When running China Natural's price analysis, check to measure China Natural'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 China Natural is operating at the current time. Most of China Natural's value examination focuses on studying past and present price action to predict the probability of China Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Natural's price. Additionally, you may evaluate how the addition of China Natural to your portfolios can decrease your overall portfolio volatility.