Onex Historical Income Statement
| ONEX Stock | CAD 113.89 0.47 0.41% |
Historical analysis of Onex Corp income statement accounts such as Gross Profit of 825.5 M can show how well Onex Corp performed in making a profits. Evaluating Onex Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Onex Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Onex 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 Onex Corp is a good buy for the upcoming year.
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About Onex Income Statement Analysis
Onex 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 Onex Corp shareholders. The income statement also shows Onex 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).
Onex Corp Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Onex Corp 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 Onex Corp minus its cost of goods sold. It is profit before Onex Corp 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Onex Corp. It is also known as Onex Corp 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.Cost Of Revenue
Cost of Revenue is found on Onex Corp income statement and represents the costs associated with goods and services Onex Corp 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Onex Corp income statement and is an important metric when analyzing Onex Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.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 Onex Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Onex 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onex 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. As of the 30th of November 2024, EBITDA is likely to grow to about 1 B, while Depreciation And Amortization is likely to drop about 33.2 M.
| 2023 | 2024 (projected) | Interest Expense | 2.3M | 2.2M | Depreciation And Amortization | 35M | 33.3M |
Onex Corp income statement Correlations
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Onex Corp Account Relationship Matchups
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Onex Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 45M | 57M | 59M | 66M | 35M | 33.3M | |
| Interest Expense | 1.2B | 1.2B | 58M | 2M | 2.3M | 2.2M | |
| Total Revenue | 1.1B | 1.1B | 2.0B | 437M | 1.1B | 1.0B | |
| Gross Profit | 900M | 917M | 1.7B | 163M | 869M | 825.6M | |
| Other Operating Expenses | 365M | 306M | 623M | 200M | 294M | 279.3M | |
| Operating Income | (2.8B) | 835M | 1.4B | 242M | 789M | 539.3M | |
| Ebit | 440M | (2.8B) | 835M | 1.4B | 534M | 426.7M | |
| Ebitda | (2.7B) | 892M | 1.5B | 302M | 569M | 1.0B | |
| Cost Of Revenue | 202M | 221M | 290M | 274M | 214M | 203.3M | |
| Total Operating Expenses | 163M | 85M | 333M | (74M) | 80M | 76M | |
| Income Before Tax | 4.2B | 730M | 1.4B | 234M | 532M | 289.4M | |
| Total Other Income Expense Net | 3.5B | (102M) | (4M) | (3M) | (257M) | (269.9M) | |
| Net Income | 4.3B | 730M | 1.4B | 235M | 529M | 424.5M | |
| Income Tax Expense | 89M | (38M) | 5M | (1M) | 3M | 2.9M | |
| Selling General Administrative | 58M | 60M | 28M | 274M | 145M | 57M | |
| Net Income From Continuing Ops | 4.3B | 730M | 1.4B | 235M | 529M | 293M | |
| Net Income Applicable To Common Shares | 4.3B | 730M | 1.4B | 235M | 270.3M | 256.7M | |
| Tax Provision | (66M) | 89M | (38M) | (1M) | 3M | 2.9M | |
| Net Interest Income | (983M) | (859M) | 14M | (2M) | (2.3M) | (2.4M) | |
| Interest Income | 792M | 848M | 1.7B | 2M | 1.8M | 1.7M | |
| Reconciled Depreciation | 45M | 57M | 59M | 66M | 35M | 33.3M |
Pair Trading with Onex Corp
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 Onex Corp 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 Onex Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Onex Stock
| 0.75 | AEMC | Alaska Energy Metals | PairCorr |
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| 0.67 | EOG | Eco Atlantic Oil | PairCorr |
The ability to find closely correlated positions to Onex Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onex Corp 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 Onex Corp - 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 Onex Corp to buy it.
The correlation of Onex Corp 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 Onex Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onex 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 Onex Corp 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 Onex Stock
Onex 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 Onex Corp shareholders. The income statement also shows Onex 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).