Journey Historical Income Statement
| JOY Stock | CAD 2.07 0.01 0.48% |
Historical analysis of Journey Energy income statement accounts such as Selling And Marketing Expenses of 2.3 M or Total Revenue of 140.5 M can show how well Journey Energy performed in making a profits. Evaluating Journey Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Journey Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Journey Energy 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 Journey Energy is a good buy for the upcoming year.
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About Journey Income Statement Analysis
Journey Energy 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 Journey Energy shareholders. The income statement also shows Journey 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).
Journey Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Journey Energy 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 Journey Energy minus its cost of goods sold. It is profit before Journey Energy 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.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Journey Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Journey Energy 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Journey Energy. 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, Journey Energy's Income Before Tax is very stable compared to the past year. As of the 28th of November 2024, Net Income is likely to grow to about 16.6 M, while Depreciation And Amortization is likely to drop about 30.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 82.0M | 159.7M | 38.9M | 74.3M | Total Revenue | 123.8M | 235.6M | 186.9M | 140.5M |
Journey Energy income statement Correlations
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Journey Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Journey Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 38.8M | 41.2M | 25.9M | 33.3M | 44.0M | 30.1M | |
| Selling General Administrative | 11.7M | 9.0M | 5.8M | 13.4M | 8.5M | 10.4M | |
| Total Revenue | 109.2M | 67.9M | 123.8M | 235.6M | 186.9M | 140.5M | |
| Gross Profit | 60.0M | 22.0M | 82.0M | 159.7M | 38.9M | 74.3M | |
| Other Operating Expenses | 114.1M | 96.2M | 94.7M | 163.0M | 159.1M | 131.6M | |
| Operating Income | (4.9M) | (28.9M) | 24.1M | 70.8M | 27.8M | 29.2M | |
| Ebit | (8.8M) | (44.5M) | 20.8M | 70.1M | 23.8M | 25.0M | |
| Ebitda | 30.0M | (3.3M) | 46.7M | 103.5M | 67.9M | 71.3M | |
| Cost Of Revenue | 49.1M | 45.9M | 41.9M | 75.9M | 148.0M | 155.4M | |
| Total Operating Expenses | 65.0M | 50.3M | 52.9M | 87.1M | 11.1M | 10.6M | |
| Income Before Tax | (19.1M) | (57.6M) | 99.1M | 61.0M | 20.0M | 21.0M | |
| Total Other Income Expense Net | (14.2M) | (29.3M) | 42.5M | (11.6M) | (7.8M) | (8.2M) | |
| Net Income | (31.4M) | (56.6M) | 99.1M | 155.2M | 15.8M | 16.6M | |
| Income Tax Expense | 12.3M | (970K) | 9.3M | (94.2M) | 4.1M | 4.3M | |
| Interest Expense | 10.3M | 12.5M | 9.3M | 8.6M | 9.9M | 8.4M | |
| Net Income From Continuing Ops | (31.4M) | (56.6M) | 99.1M | 155.2M | 15.8M | 16.6M | |
| Net Income Applicable To Common Shares | (31.4M) | (56.6M) | 99.1M | 155.2M | 178.5M | 187.4M | |
| Tax Provision | 19.0M | 12.3M | (970K) | (94.2M) | 4.1M | 4.3M | |
| Interest Income | 11.6M | 3.8M | 7.7M | 7.5M | 6.7M | 7.5M | |
| Net Interest Income | (10.3M) | (13.1M) | (14.3M) | (10.4M) | (10.0M) | (10.5M) | |
| Reconciled Depreciation | 35.4M | 39.0M | 22.6M | 28.9M | 38.5M | 26.6M |
Pair Trading with Journey Energy
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 Journey Energy 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 Journey Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Journey Stock
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| 0.58 | ENS-PA | E Split Corp | PairCorr |
| 0.47 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.44 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to Journey Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Journey Energy 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 Journey Energy - 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 Journey Energy to buy it.
The correlation of Journey Energy 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 Journey Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Journey Energy 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 Journey Energy 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 Journey Stock
Journey Energy 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 Journey Energy shareholders. The income statement also shows Journey 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).