Corby Historical Income Statement

CSW-A Stock  CAD 12.64  0.02  0.16%   
Historical analysis of Corby Spirit income statement accounts such as Interest Expense of 9.2 M, Total Revenue of 152.4 M or Gross Profit of 91.2 M can show how well Corby Spirit and performed in making a profits. Evaluating Corby Spirit income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Corby Spirit's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Corby Spirit 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 Corby Spirit is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

About Corby Income Statement Analysis

Corby Spirit 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 Corby Spirit shareholders. The income statement also shows Corby 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).

Corby Spirit Income Statement Chart

At this time, Corby Spirit's Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 9.2 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 109.5 M in 2024.

Total Revenue

Total revenue comprises all receipts Corby Spirit 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 Corby Spirit and minus its cost of goods sold. It is profit before Corby Spirit 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 Corby Spirit. It is also known as Corby Spirit 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.

Operating Income

Operating Income is the amount of profit realized from Corby Spirit operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Corby Spirit and is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Corby Spirit's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Corby Spirit 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 Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Corby Spirit's Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 9.2 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 109.5 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense254K276K8.8M9.2M
Depreciation And Amortization14.3M14.8M15.4M16.2M

Corby Spirit income statement Correlations

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0.090.08-0.120.03-0.1-0.11-0.010.21-0.29-0.04-0.23-0.140.250.6-0.04-0.45-0.740.070.27
0.780.080.950.990.190.210.620.980.87-0.22-0.46-0.13-0.440.80.32-0.11-0.570.040.73
0.8-0.120.950.950.110.130.550.880.94-0.31-0.54-0.2-0.570.640.470.0-0.45-0.030.65
0.760.030.990.950.140.160.550.970.91-0.28-0.45-0.18-0.490.780.25-0.11-0.510.080.71
-0.18-0.10.190.110.141.00.810.23-0.050.90.650.940.62-0.02-0.020.31-0.07-0.22-0.12
-0.17-0.110.210.130.161.00.830.25-0.030.890.650.930.60.0-0.040.28-0.06-0.16-0.1
0.42-0.010.620.550.550.810.830.630.340.560.250.650.210.40.240.01-0.39-0.110.4
0.730.210.980.880.970.230.250.630.79-0.16-0.38-0.08-0.330.860.21-0.17-0.630.090.75
0.71-0.290.870.940.91-0.05-0.030.340.79-0.45-0.5-0.33-0.70.530.290.01-0.240.070.55
-0.46-0.04-0.22-0.31-0.280.90.890.56-0.16-0.450.850.980.86-0.29-0.140.290.16-0.17-0.32
-0.61-0.23-0.46-0.54-0.450.650.650.25-0.38-0.50.850.830.76-0.49-0.460.210.50.0-0.45
-0.38-0.14-0.13-0.2-0.180.940.930.65-0.08-0.330.980.830.76-0.27-0.110.280.14-0.15-0.3
-0.620.25-0.44-0.57-0.490.620.60.21-0.33-0.70.860.760.76-0.29-0.220.290.17-0.2-0.32
0.690.60.80.640.78-0.020.00.40.860.53-0.29-0.49-0.27-0.290.07-0.5-0.830.160.77
0.48-0.040.320.470.25-0.02-0.040.240.210.29-0.14-0.46-0.11-0.220.070.28-0.22-0.190.28
-0.37-0.45-0.110.0-0.110.310.280.01-0.170.010.290.210.280.29-0.50.280.47-0.53-0.32
-0.53-0.74-0.57-0.45-0.51-0.07-0.06-0.39-0.63-0.240.160.50.140.17-0.83-0.220.470.05-0.48
0.070.070.04-0.030.08-0.22-0.16-0.110.090.07-0.170.0-0.15-0.20.16-0.19-0.530.050.03
0.880.270.730.650.71-0.12-0.10.40.750.55-0.32-0.45-0.3-0.320.770.28-0.32-0.480.03
Click cells to compare fundamentals

Corby Spirit Account Relationship Matchups

Corby Spirit income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization10.5M11.7M14.3M14.8M15.4M16.2M
Interest Expense731K126K254K276K8.8M9.2M
Total Revenue153.4M159.8M159.4M163.0M229.7M152.4M
Gross Profit92.9M97.7M96.0M94.1M115.8M91.2M
Other Operating Expenses117.4M118.3M124.3M131.2M188.9M109.5M
Operating Income35.9M41.5M32.7M28.3M40.7M31.7M
Ebit36.6M41.7M32.9M30.1M41.7M32.0M
Ebitda47.1M53.3M47.1M45.0M57.1M50.6M
Cost Of Revenue60.4M62.1M63.4M68.8M113.9M61.2M
Total Operating Expenses56.9M56.2M60.9M62.4M75.0M48.3M
Income Before Tax36.4M41.5M32.8M30.0M32.9M32.7M
Total Other Income Expense Net549K53K125K1.7M(7.8M)(7.4M)
Net Income26.7M30.6M23.4M22.0M23.9M24.1M
Income Tax Expense9.8M10.9M9.4M8.1M9.0M8.7M
Selling General Administrative57.1M56.4M61.2M62.4M75.2M65.8M
Net Income From Continuing Ops26.7M30.6M23.4M22.0M23.9M27.4M
Net Income Applicable To Common Shares26.7M30.6M23.4M22.0M25.3M27.6M
Tax Provision9.8M10.9M9.4M8.1M9.0M7.6M
Net Interest Income549K53K125K1.7M(7.8M)(7.4M)
Interest Income1.3M633K379K2.0M1.2M1.2M
Reconciled Depreciation10.5M12.1M14.3M14.8M15.4M12.7M

Pair Trading with Corby Spirit

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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.

Moving against Corby Stock

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

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