Foran Historical Income Statement
| FOM Stock | 4.10 0.02 0.49% |
Historical analysis of Foran Mining income statement accounts such as Total Operating Expenses of 18.5 M or Total Other Income Expense Net of 4.2 M can show how well Foran Mining performed in making a profits. Evaluating Foran Mining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Foran Mining's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Foran Mining 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 Foran Mining is a good buy for the upcoming year.
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About Foran Income Statement Analysis
Foran Mining 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 Foran Mining shareholders. The income statement also shows Foran 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).
Foran Mining 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 Foran Mining. It is also known as Foran Mining 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Foran Mining income statement and is an important metric when analyzing Foran Mining 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Foran Mining financial statement analysis. It represents the amount of money remaining after all of Foran Mining operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Cost Of Revenue
Cost of Revenue is found on Foran Mining income statement and represents the costs associated with goods and services Foran Mining 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 Foran Mining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Foran Mining 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 Foran Mining. 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, Foran Mining's Cost Of Revenue is very stable compared to the past year. As of the 30th of November 2024, Interest Income is likely to grow to about 647.2 K, though Operating Income is likely to grow to (16.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Other Operating Expenses | 6.4M | 9.6M | 17.6M | 18.5M | Depreciation And Amortization | 98K | 58K | 66.7K | 87.4K |
Foran Mining income statement Correlations
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Foran Mining Account Relationship Matchups
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Foran Mining income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 152.3K | 143.0K | 98K | 58K | 66.7K | 87.4K | |
| Other Operating Expenses | 1.8M | 1.2M | 6.4M | 9.6M | 17.6M | 18.5M | |
| Operating Income | (1.8M) | (1.2M) | (6.4M) | (9.6M) | (17.6M) | (16.7M) | |
| Ebit | (1.8M) | (1.2M) | (6.4M) | (9.6M) | (17.7M) | (16.8M) | |
| Ebitda | (1.7M) | (1.0M) | (6.3M) | (9.6M) | (17.6M) | (16.7M) | |
| Total Operating Expenses | 1.7M | 1.1M | 6.3M | 9.6M | 17.6M | 18.5M | |
| Income Before Tax | (1.7M) | (2.1M) | (3.7M) | (9.8M) | (13.6M) | (12.9M) | |
| Total Other Income Expense Net | 116.9K | (862.8K) | 2.5M | (175K) | 4.0M | 4.2M | |
| Net Income | (1.7M) | (2.1M) | (4.4M) | (9.8M) | (13.6M) | (12.9M) | |
| Income Tax Expense | (41.2K) | 3.0K | 673K | (170.5K) | (58.0) | (55.1) | |
| Gross Profit | (152.3K) | (143.0K) | (98K) | (58K) | (52.2K) | (54.8K) | |
| Selling General Administrative | 1.7M | 1.1M | 6.3M | 9.6M | 13.7M | 14.3M | |
| Cost Of Revenue | 152.3K | 143.0K | 98K | 58K | 52.2K | 87.1K |
Pair Trading with Foran Mining
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 Foran Mining 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 Foran Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Foran Stock
| 0.89 | AG | First Majestic Silver | PairCorr |
| 0.86 | IE | Ivanhoe Energy | PairCorr |
| 0.84 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Foran Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foran Mining 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 Foran Mining - 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 Foran Mining to buy it.
The correlation of Foran Mining 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 Foran Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foran Mining 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 Foran Mining 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 Foran Stock
Foran Mining 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 Foran Mining shareholders. The income statement also shows Foran 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).