Sun Historical Income Statement
| SLF Stock | CAD 85.53 0.21 0.24% |
Historical analysis of Sun Life income statement accounts such as Other Operating Expenses of 22.8 B, Operating Income of 2.5 B, EBIT of 2.5 B or Ebitda of 2.5 B can show how well Sun Life Financial performed in making a profits. Evaluating Sun Life income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sun Life's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Sun Life Financial 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 Sun Life Financial is a good buy for the upcoming year.
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About Sun Income Statement Analysis
Sun Life Financial 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 Sun Life shareholders. The income statement also shows Sun 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).
Sun Life Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Sun Life Financial 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 Sun Life Financial minus its cost of goods sold. It is profit before Sun Life 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 Sun Life Financial. It is also known as Sun Life 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 Sun Life Financial financial statement analysis. It represents the amount of money remaining after all of Sun Life Financial operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Sun Life's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Sun Life Financial 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. 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, Sun Life's Depreciation And Amortization is very stable compared to the past year. As of the 23rd of November 2024, Tax Provision is likely to grow to about 587.2 M, while Interest Expense is likely to drop about 315.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 35.7B | 23.2B | 32.7B | 25.2B | Interest Expense | 327M | 445M | 552M | 315.1M |
Sun Life income statement Correlations
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Sun Life Account Relationship Matchups
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Sun Life income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 378M | 406M | 438M | 716M | 598M | 627.9M | |
| Interest Expense | 333M | 355M | 327M | 445M | 552M | 315.1M | |
| Total Revenue | 39.7B | 43.3B | 35.7B | 23.2B | 32.7B | 25.2B | |
| Gross Profit | 39.7B | 43.3B | 35.7B | 23.2B | 32.7B | 25.2B | |
| Other Operating Expenses | 36.4B | 40.1B | 30.6B | 19.3B | 28.7B | 22.8B | |
| Operating Income | 3.2B | 3.3B | 4.6B | 4.3B | 3.8B | 2.5B | |
| Ebit | 3.2B | 3.3B | 4.6B | 4.1B | 3.2B | 2.5B | |
| Ebitda | 3.6B | 3.7B | 5.0B | 4.8B | 3.8B | 2.5B | |
| Total Operating Expenses | (36.5B) | (40.1B) | (31.1B) | (18.9B) | (28.9B) | (30.3B) | |
| Income Before Tax | 3.2B | 3.3B | 5.1B | 3.9B | 3.9B | 2.4B | |
| Total Other Income Expense Net | 4M | 11M | 543M | (389M) | 126M | 119.7M | |
| Net Income | 2.9B | 2.8B | 4.4B | 3.0B | 3.3B | 1.9B | |
| Income Tax Expense | 286M | 495M | 727M | 621M | 461M | 337.2M | |
| Selling General Administrative | 4.1B | 4.4B | 5.1B | 5.1B | 5.9B | 3.3B | |
| Net Income From Continuing Ops | 2.9B | 2.8B | 4.4B | 3.3B | 3.5B | 3.1B | |
| Net Income Applicable To Common Shares | 2.6B | 2.4B | 3.9B | 3.1B | 3.5B | 2.6B | |
| Tax Provision | 284M | 495M | 727M | 713M | 461M | 587.2M | |
| Interest Income | 6.8B | 5.4B | 5.3B | 18.2B | 4.3B | 5.0B | |
| Net Interest Income | (333M) | (355M) | (327M) | (445M) | (552M) | (579.6M) | |
| Reconciled Depreciation | 378M | 406M | 438M | 528M | 607.2M | 400.6M | |
| Extraordinary Items | (2M) | (1M) | (10M) | 92M | 105.8M | 111.1M |
Pair Trading with Sun Life
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 Sun Life 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 Sun Life will appreciate offsetting losses from the drop in the long position's value.Moving against Sun Stock
The ability to find closely correlated positions to Sun Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sun Life 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 Sun Life - 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 Sun Life Financial to buy it.
The correlation of Sun Life 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 Sun Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sun Life Financial 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 Sun Life 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Life Financial. 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. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.