Payfare Historical Income Statement
| PAY Stock | CAD 2.00 0.01 0.50% |
Historical analysis of Payfare income statement accounts such as Gross Profit of 27.3 M, Operating Income of 12.3 M, Net Income From Continuing Ops of 13.8 M or Ebit of 13.9 M can show how well Payfare performed in making a profits. Evaluating Payfare income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Payfare's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Payfare 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 Payfare is a good buy for the upcoming year.
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About Payfare Income Statement Analysis
Payfare 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 Payfare shareholders. The income statement also shows Payfare 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).
Payfare Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Payfare 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.Cost Of Revenue
Cost of Revenue is found on Payfare income statement and represents the costs associated with goods and services Payfare 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.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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Payfare. It is also known as Payfare 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.Most accounts from Payfare's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Payfare 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 Payfare. 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, Payfare's EBIT is very stable compared to the past year. As of the 29th of November 2024, Cost Of Revenue is likely to grow to about 168 M, while Interest Expense is likely to drop 243.20.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 19.7M | 18.8M | 14.3M | 12.5M | Cost Of Revenue | 42.4M | 114.8M | 160.0M | 168.0M |
Payfare income statement Correlations
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Payfare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Payfare
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 Payfare 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 Payfare will appreciate offsetting losses from the drop in the long position's value.Moving together with Payfare Stock
Moving against Payfare Stock
The ability to find closely correlated positions to Payfare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Payfare 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 Payfare - 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 Payfare to buy it.
The correlation of Payfare 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 Payfare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Payfare 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 Payfare 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 Payfare Stock
Payfare 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 Payfare shareholders. The income statement also shows Payfare 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).