Loncor Historical Income Statement
| LN Stock | CAD 0.46 0.01 2.22% |
Historical analysis of Loncor Resources income statement accounts such as Total Revenue of 0.0 can show how well Loncor Resources performed in making a profits. Evaluating Loncor Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Loncor Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Loncor 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 Loncor Resources is a good buy for the upcoming year.
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About Loncor Income Statement Analysis
Loncor 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 Loncor Resources shareholders. The income statement also shows Loncor 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).
Loncor Resources 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 Loncor Resources. It is also known as Loncor Resources 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 Loncor Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Loncor 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 Loncor 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, Loncor Resources' Depreciation And Amortization is very stable compared to the past year. As of the 2nd of December 2024, Cost Of Revenue is likely to grow to about 92.6 K, while Interest Expense is likely to drop about 15.8 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 31.6K | 12.6K | 22.0K | 15.8K | Depreciation And Amortization | 175.1K | 151.4K | 18.9M | 19.9M |
Loncor Resources income statement Correlations
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Loncor Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Loncor Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 196.7K | 185.3K | 175.1K | 151.4K | 18.9M | 19.9M | |
| Interest Expense | 39.8K | 33.2K | 31.6K | 12.6K | 22.0K | 15.8K | |
| Selling General Administrative | 1.3M | 1.7M | 2.8M | 2.4M | 748.9K | 711.5K | |
| Gross Profit | (196.7K) | (185.3K) | (175.1K) | (151.4K) | (69.6K) | (66.2K) | |
| Other Operating Expenses | 1.7M | 2.3M | 3.5M | 3.0M | 2.2M | 1.8M | |
| Operating Income | (1.6M) | (2.2M) | (3.3M) | (2.8M) | (2.2M) | (2.3M) | |
| Ebit | (1.6M) | (2.2M) | (3.3M) | (2.8M) | (21.2M) | (20.2M) | |
| Ebitda | (1.4M) | (2.0M) | (3.1M) | (2.7M) | (2.3M) | (2.2M) | |
| Total Operating Expenses | 1.5M | 2.1M | 3.3M | 2.8M | 2.2M | 1.8M | |
| Income Before Tax | (1.7M) | (2.2M) | (3.7M) | (2.9M) | (21.3M) | (20.2M) | |
| Total Other Income Expense Net | (162.4K) | (131.3K) | (446.5K) | (91.9K) | (19.0M) | (18.1M) | |
| Net Income | (1.8M) | (2.3M) | (3.8M) | (3.0M) | (21.3M) | (20.2M) | |
| Income Tax Expense | 146.6K | 38.4K | 31.6K | 108.1K | 0.92 | 0.87 | |
| Cost Of Revenue | 196.7K | 185.3K | 175.1K | 151.4K | 69.6K | 92.6K | |
| Net Income From Continuing Ops | (1.7M) | (2.2M) | (3.7M) | (2.9M) | (21.3M) | (20.2M) | |
| Net Income Applicable To Common Shares | (1.7M) | (2.2M) | (3.7M) | (2.9M) | (3.4M) | (3.5M) | |
| Interest Income | 8.9K | 100.1K | 168.4K | 180.2K | 11.4K | 10.8K | |
| Net Interest Income | (30.9K) | 66.9K | 136.8K | 167.6K | (10.6K) | (10.1K) | |
| Reconciled Depreciation | 196.7K | 185.3K | 175.1K | 151.4K | 69.6K | 123.4K |
Pair Trading with Loncor Resources
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 Loncor Resources 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 Loncor Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Loncor Stock
| 0.67 | AG | First Majestic Silver | PairCorr |
| 0.84 | IE | Ivanhoe Energy | PairCorr |
| 0.75 | FDY | Faraday Copper Corp | PairCorr |
Moving against Loncor Stock
The ability to find closely correlated positions to Loncor Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loncor Resources 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 Loncor Resources - 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 Loncor Resources to buy it.
The correlation of Loncor Resources 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 Loncor Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loncor Resources 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 Loncor Resources 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 Loncor Stock
Loncor 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 Loncor Resources shareholders. The income statement also shows Loncor 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).