Contango Historical Income Statement
| CTGO Stock | USD 18.25 0.15 0.83% |
Historical analysis of Contango ORE income statement accounts such as Other Operating Expenses of 18.5 M, Total Operating Expenses of 18.5 M or Interest Expense of 5.4 M can show how well Contango ORE performed in making a profits. Evaluating Contango ORE income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Contango ORE's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Contango ORE 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 Contango ORE is a good buy for the upcoming year.
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About Contango Income Statement Analysis
Contango ORE 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 Contango ORE shareholders. The income statement also shows Contango 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).
Contango ORE 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 Contango ORE. It is also known as Contango ORE 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 Contango ORE's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Contango ORE 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 Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.At this time, Contango ORE's Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Other Operating Expenses is likely to grow to about 18.5 M, though Operating Income is likely to grow to (16.8 M).
Contango ORE income statement Correlations
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Contango ORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Contango ORE income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Selling General Administrative | 4.4M | 5.6M | 10.4M | 11.0M | 13.5M | 14.2M | |
| Other Operating Expenses | 4.4M | 5.6M | 10.7M | 19.5M | 17.6M | 18.5M | |
| Operating Income | (4.4M) | (5.6M) | (10.7M) | (23.2M) | (17.6M) | (16.8M) | |
| Ebitda | (4.4M) | (5.6M) | 35.8M | (23.2M) | (76.7M) | (72.9M) | |
| Total Operating Expenses | 4.4M | 5.6M | 10.7M | 19.5M | 17.6M | 18.5M | |
| Net Income | (12.3M) | (9.2M) | 23.9M | (23.5M) | (81.5M) | (77.5M) | |
| Income Tax Expense | 3.9M | (75.0K) | 1.3M | (119.7K) | (18.5M) | (17.6M) | |
| Ebit | (8.9M) | (11.2M) | 25.2M | (23.3M) | (76.8M) | (73.0M) | |
| Income Before Tax | (8.4M) | (9.2M) | 25.2M | (23.6M) | (81.5M) | (77.5M) | |
| Total Other Income Expense Net | (3.9M) | (3.6M) | 35.8M | (4.1M) | (63.9M) | (60.7M) | |
| Depreciation And Amortization | 4.4M | 5.6M | 10.7M | 64.9K | 117.8K | 201.0K | |
| Net Income From Continuing Ops | (9.2M) | 23.9M | (23.5M) | (39.7M) | (35.8M) | (34.0M) | |
| Net Income Applicable To Common Shares | (9.2M) | 23.9M | (23.5M) | (39.7M) | (35.8M) | (34.0M) | |
| Net Interest Income | 75.0K | 1.6K | (328.5K) | (1.9M) | (1.7M) | (1.7M) | |
| Interest Income | 75.0K | 1.6K | 1.5K | 29.7K | 26.7K | 47.9K |
Pair Trading with Contango ORE
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 Contango ORE 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 Contango ORE will appreciate offsetting losses from the drop in the long position's value.Moving together with Contango Stock
Moving against Contango Stock
The ability to find closely correlated positions to Contango ORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Contango ORE 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 Contango ORE - 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 Contango ORE to buy it.
The correlation of Contango ORE 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 Contango ORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Contango ORE 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 Contango ORE 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Contango ORE. If investors know Contango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.80) | Return On Assets (0.21) | Return On Equity (5.05) |
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.