Currency Historical Income Statement
| CXI Stock | CAD 22.50 0.05 0.22% |
Historical analysis of Currency Exchange income statement accounts such as Interest Expense of 1.5 M, Selling General Administrative of 23.6 M or Total Revenue of 99 M can show how well Currency Exchange International performed in making a profits. Evaluating Currency Exchange income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Currency Exchange's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Currency Exchange 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 Currency Exchange is a good buy for the upcoming year.
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About Currency Income Statement Analysis
Currency Exchange 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 Currency Exchange shareholders. The income statement also shows Currency 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).
Currency Exchange Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts Currency Exchange 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 Currency Exchange International minus its cost of goods sold. It is profit before Currency Exchange 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 Currency Exchange. It is also known as Currency Exchange 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.Most accounts from Currency Exchange's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Currency Exchange 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 Currency Exchange International. 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, Currency Exchange's Operating Income is very stable compared to the past year. As of the 1st of December 2024, EBIT is likely to grow to about 19.1 M, though Total Other Income Expense Net is likely to grow to (3.6 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.3M | 1.3M | 1.5M | 1.5M | Depreciation And Amortization | 3.3M | 3.4M | 3.9M | 4.1M |
Currency Exchange income statement Correlations
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Currency Exchange Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currency Exchange income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 3.6M | 3.3M | 3.3M | 3.4M | 3.9M | 4.1M | |
| Interest Expense | 745.9K | 764.2K | 1.3M | 1.3M | 1.5M | 1.5M | |
| Selling General Administrative | 8.9M | 9.0M | 16.6M | 19.5M | 22.5M | 23.6M | |
| Total Revenue | 25.0M | 30.3M | 66.3M | 82.0M | 94.2M | 99.0M | |
| Gross Profit | 8.1M | 12.6M | 40.9M | 80.9M | 93.1M | 97.7M | |
| Other Operating Expenses | 32.3M | 27.7M | 48.4M | 63.2M | 72.7M | 76.3M | |
| Operating Income | (7.3M) | 1.1M | 18.7M | 18.7M | 21.5M | 22.6M | |
| Ebit | (9.6M) | 587.9K | 15.6M | 15.8M | 18.2M | 19.1M | |
| Ebitda | (6.0M) | 3.9M | 18.8M | 19.2M | 22.1M | 23.2M | |
| Total Operating Expenses | 15.4M | 10.0M | 23.0M | 62.2M | 71.5M | 75.1M | |
| Income Before Tax | (10.3M) | (176.3K) | 14.2M | 14.5M | 16.7M | 17.5M | |
| Total Other Income Expense Net | (6.4M) | (1.2M) | (4.5M) | (4.2M) | (3.8M) | (3.6M) | |
| Net Income | (8.5M) | (1.1M) | 11.8M | 10.2M | 11.7M | 12.3M | |
| Income Tax Expense | (1.8M) | 955.4K | 2.4M | 4.3M | 5.0M | 5.2M | |
| Cost Of Revenue | 16.9M | 17.7M | 25.4M | 1.0M | 1.2M | 1.1M | |
| Research Development | 533.1K | 459.1K | 654.1K | 415.5K | 477.9K | 348.0K | |
| Net Income From Continuing Ops | (8.5M) | (1.1M) | 11.8M | 10.2M | 11.7M | 12.3M | |
| Net Income Applicable To Common Shares | 2.9M | (8.5M) | (1.1M) | 11.8M | 10.6M | 11.1M | |
| Tax Provision | (1.8M) | 955.4K | 2.4M | 4.3M | 5.0M | 5.2M | |
| Interest Income | 10.8K | 737.2K | 1.2M | 435.9K | 501.3K | 580.7K | |
| Net Interest Income | (2.0M) | (2.2M) | (3.4M) | (3.3M) | (3.0M) | (2.8M) | |
| Reconciled Depreciation | 3.6M | 3.3M | 3.3M | 3.4M | 3.9M | 2.8M |
Pair Trading with Currency Exchange
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 Currency Exchange 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 Currency Exchange will appreciate offsetting losses from the drop in the long position's value.Moving against Currency Stock
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| 0.49 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.4 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.37 | TD-PFD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.36 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Currency Exchange could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Currency Exchange 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 Currency Exchange - 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 Currency Exchange International to buy it.
The correlation of Currency Exchange 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 Currency Exchange moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Currency Exchange 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 Currency Exchange 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 Currency Stock
Currency Exchange 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 Currency Exchange shareholders. The income statement also shows Currency 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).