Forsys Historical Income Statement
| FSY Stock | CAD 0.67 0.02 2.90% |
Historical analysis of Forsys Metals income statement accounts such as Selling General Administrative of 2.1 M or Total Revenue of 0.0 can show how well Forsys Metals Corp performed in making a profits. Evaluating Forsys Metals income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Forsys Metals's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Forsys Metals 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 Forsys Metals Corp is a good buy for the upcoming year.
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About Forsys Income Statement Analysis
Forsys Metals 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 Forsys Metals shareholders. The income statement also shows Forsys 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).
Forsys Metals Income Statement Chart
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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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Forsys Metals Corp financial statement analysis. It represents the amount of money remaining after all of Forsys Metals Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Forsys Metals Corp whose combined shares represent less than 50% of the total outstanding shares issued by Forsys Metals have a minority interest in Forsys Metals.Most accounts from Forsys Metals' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Forsys Metals 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 Forsys Metals 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. Forsys Metals reported last year Minority Interest of (1.29 Million). As of the 29th of November 2024, Selling And Marketing Expenses is likely to grow to about 5.3 M, while Other Operating Expenses is likely to drop about 3.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 4.9K | 145.2K | 601.3K | 631.4K | Net Interest Income | 4.9K | 145.2K | 601.3K | 631.4K |
Forsys Metals income statement Correlations
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Forsys Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Forsys Metals income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 5.8K | 1.5K | 4.9K | 14.9M | 17.1M | 17.9M | |
| Selling General Administrative | 986.5K | 766.5K | 3.9M | 1.8M | 1.8M | 2.1M | |
| Other Operating Expenses | 986.5K | 766.5K | 3.9M | 1.8M | 6.2M | 3.9M | |
| Operating Income | (985.7K) | (766.6K) | (3.9M) | (8.5M) | (6.2M) | (5.8M) | |
| Ebit | (985.7K) | (766.6K) | (7.6M) | (11.3M) | (5.8M) | (6.1M) | |
| Ebitda | (985.7K) | (766.6K) | (3.9M) | (9.8M) | 383.4K | 402.6K | |
| Total Operating Expenses | 986.5K | 766.5K | 3.9M | 1.8M | 6.2M | 3.6M | |
| Income Before Tax | (908.0K) | (765.0K) | (3.9M) | 6.4M | (5.8M) | (6.1M) | |
| Total Other Income Expense Net | 77.7K | 1.6K | (130.9K) | 8.0M | 383.4K | 402.6K | |
| Net Income | (830.3K) | (762.6K) | (3.9M) | 3.3M | (5.8M) | (6.1M) | |
| Income Tax Expense | (77.7K) | (2.3K) | 2.8K | 3.1M | 56.9K | 54.0K | |
| Net Income From Continuing Ops | (908.0K) | (765.0K) | (3.9M) | 3.3M | (5.8M) | (6.1M) | |
| Net Income Applicable To Common Shares | (908.0K) | (764.2K) | (3.9M) | 2.0M | 2.2M | 2.4M | |
| Minority Interest | (169.4K) | 5.7K | 4.4K | 402.0 | (1.3M) | 0.0 | |
| Net Interest Income | 6.6K | 1.4K | 4.9K | 145.2K | 601.3K | 631.4K | |
| Interest Income | 6.6K | 1.4K | 4.9K | 145.2K | 601.3K | 631.4K |
Pair Trading with Forsys Metals
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 Forsys Metals 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 Forsys Metals will appreciate offsetting losses from the drop in the long position's value.Moving against Forsys Stock
The ability to find closely correlated positions to Forsys Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Forsys Metals 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 Forsys Metals - 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 Forsys Metals Corp to buy it.
The correlation of Forsys Metals 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 Forsys Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Forsys Metals 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 Forsys Metals 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 Forsys Stock
Forsys Metals 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 Forsys Metals shareholders. The income statement also shows Forsys 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).