Excelsior Historical Income Statement
| MIN Stock | CAD 0.17 0.01 5.56% |
Historical analysis of Excelsior Mining income statement accounts such as Total Operating Expenses of 6.1 M can show how well Excelsior Mining Corp performed in making a profits. Evaluating Excelsior Mining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Excelsior Mining's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Excelsior Mining 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 Excelsior Mining Corp is a good buy for the upcoming year.
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About Excelsior Income Statement Analysis
Excelsior Mining 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 Excelsior Mining shareholders. The income statement also shows Excelsior 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).
Excelsior 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 Excelsior Mining Corp. It is also known as Excelsior 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Excelsior Mining Corp financial statement analysis. It represents the amount of money remaining after all of Excelsior Mining Corp 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 Excelsior Mining Corp income statement and represents the costs associated with goods and services Excelsior 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.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Excelsior Mining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Excelsior Mining 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Excelsior Mining 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. At this time, Excelsior Mining's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 24th of November 2024, Reconciled Depreciation is likely to grow to about 378.1 K, while Selling General Administrative is likely to drop about 3.4 M.
| 2023 | 2024 (projected) | Research Development | 1.8M | 1.6M | Interest Income | 113K | 107.4K |
Excelsior Mining income statement Correlations
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Excelsior Mining Account Relationship Matchups
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Excelsior Mining income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 335K | 870K | 343K | 2.0M | 3.5M | 3.7M | |
| Selling General Administrative | 8.3M | 4.9M | 4.9M | 3.9M | 3.4M | 3.4M | |
| Other Operating Expenses | 9.6M | 8.7M | 6.2M | 18.0M | 12.9M | 7.5M | |
| Operating Income | (8.7M) | (8.5M) | (5.6M) | (13.1M) | (9.3M) | (8.9M) | |
| Ebitda | (8.1M) | (7.9M) | (5.3M) | (12.8M) | (9.1M) | (9.5M) | |
| Total Operating Expenses | 9.0M | 8.1M | 6.0M | 7.0M | 4.4M | 6.1M | |
| Net Income | (24.5M) | (21.0M) | (62.0M) | 84.9M | (29.0M) | (27.5M) | |
| Income Tax Expense | 628K | 748K | 1M | (50.0M) | 4.0M | 4.2M | |
| Depreciation And Amortization | 893.0K | 791K | 241K | 321K | 273K | 289.2K | |
| Ebit | (9.0M) | (8.7M) | (5.6M) | (13.1M) | (9.3M) | (9.8M) | |
| Income Before Tax | (23.9M) | (20.3M) | (61.0M) | 34.9M | (29.0M) | (27.5M) | |
| Total Other Income Expense Net | (15.2M) | (11.7M) | (55.4M) | 48.0M | (15.6M) | (14.8M) | |
| Gross Profit | (576K) | (588K) | 4.8M | (6.8M) | (5.6M) | (5.3M) | |
| Cost Of Revenue | 576K | 588K | 241K | 10.9M | 8.5M | 9.0M | |
| Net Income From Continuing Ops | (23.9M) | (20.3M) | (61.0M) | 34.9M | (29.0M) | (27.5M) | |
| Net Income Applicable To Common Shares | (23.9M) | (20.3M) | (61.0M) | 34.9M | 31.4M | 33.0M | |
| Interest Income | 14.3M | 328K | 18K | 48.0M | 113K | 107.4K | |
| Net Interest Income | 267K | (542K) | (325K) | (2.0M) | (3.4M) | (3.2M) | |
| Reconciled Depreciation | 576K | 588K | 241K | 321K | 273K | 378.1K |
Pair Trading with Excelsior 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 Excelsior 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 Excelsior Mining will appreciate offsetting losses from the drop in the long position's value.Moving against Excelsior Stock
The ability to find closely correlated positions to Excelsior 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 Excelsior 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 Excelsior 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 Excelsior Mining Corp to buy it.
The correlation of Excelsior 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 Excelsior Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excelsior Mining 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 Excelsior 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 Excelsior Stock
Excelsior Mining 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 Excelsior Mining shareholders. The income statement also shows Excelsior 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).