Snow Historical Income Statement
| LITM Stock | USD 0.21 0.01 4.55% |
Historical analysis of Snow Lake income statement accounts such as Total Revenue of 0.0 can show how well Snow Lake Resources performed in making a profits. Evaluating Snow Lake income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Snow Lake's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Snow Lake Resources 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 Snow Lake Resources is a good buy for the upcoming year.
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About Snow Income Statement Analysis
Snow Lake Resources 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 Snow Lake shareholders. The income statement also shows Snow 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).
Snow Lake 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Snow Lake Resources. It is also known as Snow Lake 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.Most accounts from Snow Lake's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Snow Lake Resources 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Snow Lake Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Snow Lake's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Other Operating Expenses is likely to grow to about 19.3 M, while Depreciation And Amortization is likely to drop 2,884.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 177.2K | 15.4K | 17.7K | 16.9K | Depreciation And Amortization | 10.6M | 2.6K | 3.0K | 2.9K |
Snow Lake income statement Correlations
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Snow Lake Account Relationship Matchups
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Snow Lake income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Net Interest Income | (2.7K) | (142.3K) | (177.2K) | (15.4K) | (13.9K) | (14.6K) | |
| Depreciation And Amortization | 240.81 | 417.72 | 10.6M | 2.6K | 3.0K | 2.9K | |
| Interest Expense | 2.7K | 142.3K | 177.2K | 15.4K | 17.7K | 16.9K | |
| Selling General Administrative | 244.7K | 440.0K | 10.8M | 12.2M | 14.0M | 14.7M | |
| Other Operating Expenses | 244.7K | 440.0K | 10.7M | 16.0M | 18.4M | 19.3M | |
| Operating Income | (173.4K) | (442.5K) | (12.2M) | (16.0M) | (14.4M) | (13.7M) | |
| Net Income From Continuing Ops | (182.1K) | (552.4K) | (9.4M) | (15.4M) | (13.8M) | (13.1M) | |
| Ebit | (173.4K) | (442.5K) | (21.4M) | (16.0M) | (14.4M) | (13.6M) | |
| Ebitda | (173.4K) | (442.5K) | (10.8M) | (16.0M) | (14.4M) | (13.6M) | |
| Total Operating Expenses | 244.7K | 440.0K | 10.7M | 16.0M | 18.4M | 19.3M | |
| Income Before Tax | (182.1K) | (552.4K) | (9.4M) | (15.5M) | (13.9M) | (13.2M) | |
| Total Other Income Expense Net | (8.7K) | (109.9K) | 1.2M | 542.7K | 624.1K | 346.4K | |
| Net Income | (256.0K) | (692.2K) | (8.0M) | (15.4M) | (13.8M) | (13.1M) | |
| Income Tax Expense | 73.9K | 139.8K | (1.5M) | 15.4K | 13.9K | 14.6K |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Snow Lake Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Diversified Metals & Mining 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 Snow Lake. If investors know Snow 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 Snow Lake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Return On Assets (0.13) | Return On Equity (0.29) |
The market value of Snow Lake Resources is measured differently than its book value, which is the value of Snow that is recorded on the company's balance sheet. Investors also form their own opinion of Snow Lake's value that differs from its market value or its book value, called intrinsic value, which is Snow Lake's 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 Snow Lake's market value can be influenced by many factors that don't directly affect Snow Lake's 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 Snow Lake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Lake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Lake's 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.