Denison Historical Income Statement
| DNN Stock | USD 2.30 0.03 1.32% |
Historical analysis of Denison Mines income statement accounts such as Other Operating Expenses of 1.8 M or Ebit of 91.4 M can show how well Denison Mines Corp performed in making a profits. Evaluating Denison Mines income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Denison Mines's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Denison Mines 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 Denison Mines Corp is a good buy for the upcoming year.
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About Denison Income Statement Analysis
Denison Mines 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 Denison Mines shareholders. The income statement also shows Denison 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).
Denison Mines Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Denison Mines Corp 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 Denison Mines Corp minus its cost of goods sold. It is profit before Denison Mines 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 Denison Mines Corp. It is also known as Denison Mines 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.Cost Of Revenue
Cost of Revenue is found on Denison Mines Corp income statement and represents the costs associated with goods and services Denison Mines 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 Denison Mines' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Denison Mines 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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, Denison Mines' Net Income Applicable To Common Shares is very stable compared to the past year. As of the 29th of November 2024, Interest Income is likely to grow to about 3.1 M, while Interest Expense is likely to drop about 49.4 K.
Denison Mines income statement Correlations
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Denison Mines Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Denison Mines income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.4M | 3.2M | 3.2M | 60K | 52K | 49.4K | |
| Total Revenue | 15.5M | 14.4M | 20M | 16.9M | 1.9M | 1.8M | |
| Gross Profit | 1.3M | 4.1M | 7.4M | 5.6M | (1.9M) | (1.8M) | |
| Other Operating Expenses | 39.7M | 32.2M | 43.3M | 54.5M | 1.9M | 1.8M | |
| Operating Income | (24.3M) | (18.0M) | (23.6M) | (39.3M) | (48.9M) | (46.5M) | |
| Ebit | (15.8M) | (11.1M) | (20.4M) | (36.2M) | 87.1M | 91.4M | |
| Ebitda | (15.6M) | (7.3M) | (16.2M) | (30.7M) | 96.5M | 101.3M | |
| Cost Of Revenue | 14.2M | 10.3M | 12.6M | 11.4M | 3.7M | 3.5M | |
| Total Operating Expenses | 25.5M | 21.8M | 30.7M | 43.2M | (1.9M) | (1.8M) | |
| Income Before Tax | (23.5M) | (17.1M) | 17.0M | 12.1M | 87.0M | 91.4M | |
| Total Other Income Expense Net | 789K | (2.9M) | 40.9M | 51.0M | 87.0M | 91.4M | |
| Income Tax Expense | (5.4M) | (860K) | (2.0M) | (2.3M) | (2.3M) | (2.2M) | |
| Depreciation And Amortization | 171.9K | 3.8M | 4.2M | 5.6M | 9.4M | 8.2M | |
| Selling General Administrative | 7.8M | 7.6M | 9.7M | 12.5M | 13.8M | 10.7M | |
| Net Income | (18.1M) | (16.3M) | 19.0M | 14.4M | 90.4M | 94.9M | |
| Net Income From Continuing Ops | (18.1M) | (16.3M) | 19.0M | 14.4M | 50.2M | 52.7M | |
| Net Income Applicable To Common Shares | (18.1M) | (16.3M) | 19.0M | 14.4M | 12.9M | 13.6M | |
| Tax Provision | (5.4M) | (860K) | (2.0M) | (2.3M) | (2.1M) | (2.2M) | |
| Interest Income | 83K | 291K | 127K | 1.5M | 2.9M | 3.1M | |
| Net Interest Income | 509K | (2.9M) | (2.8M) | 1.4M | (880K) | (836K) | |
| Reconciled Depreciation | 8.7M | 7.1M | 7.4M | 8.7M | 9.5M | 8.8M |
Pair Trading with Denison Mines
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 Denison Mines 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 Denison Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Denison Stock
Moving against Denison Stock
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| 0.57 | DK | Delek Energy | PairCorr |
| 0.51 | SD | SandRidge Energy | PairCorr |
The ability to find closely correlated positions to Denison Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Denison Mines 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 Denison Mines - 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 Denison Mines Corp to buy it.
The correlation of Denison Mines 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 Denison Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Denison Mines 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 Denison Mines 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denison Mines 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. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Oil, Gas & Consumable Fuels 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 Denison Mines. If investors know Denison 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 Denison Mines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Revenue Per Share 0.004 | Quarterly Revenue Growth (0.11) | Return On Assets (0.06) | Return On Equity (0.05) |
The market value of Denison Mines Corp is measured differently than its book value, which is the value of Denison that is recorded on the company's balance sheet. Investors also form their own opinion of Denison Mines' value that differs from its market value or its book value, called intrinsic value, which is Denison Mines' 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 Denison Mines' market value can be influenced by many factors that don't directly affect Denison Mines' 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 Denison Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Denison Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Denison Mines' 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.