Solitario Historical Income Statement
| SLR Stock | CAD 0.87 0.05 6.10% |
Historical analysis of Solitario Exploration income statement accounts such as Other Operating Expenses of 3.7 K, Total Operating Expenses of 3.7 K, Total Other Income Expense Net of 343 or Cost Of Revenue of 23.8 K can show how well Solitario Exploration Royalty performed in making a profits. Evaluating Solitario Exploration income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Solitario Exploration's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Solitario Exploration 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 Solitario Exploration is a good buy for the upcoming year.
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About Solitario Income Statement Analysis
Solitario Exploration 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 Solitario Exploration shareholders. The income statement also shows Solitario 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).
Solitario Exploration Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of Solitario Exploration Royalty minus its cost of goods sold. It is profit before Solitario Exploration 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 Solitario Exploration. It is also known as Solitario Exploration 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 Solitario Exploration's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Solitario Exploration 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 Solitario Exploration Royalty. 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, Solitario Exploration's Interest Expense is very stable compared to the past year. As of the 27th of November 2024, Interest Income is likely to grow to about 344.4 K, while Depreciation And Amortization is likely to drop about 23.8 K.
| 2023 | 2024 (projected) | Discontinued Operations | 11.1M | 9.8M | Cost Of Revenue | 25K | 23.8K |
Solitario Exploration income statement Correlations
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Solitario Exploration Account Relationship Matchups
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Solitario Exploration income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 25K | 62K | 63K | 67K | 69K | 23.8K | |
| Selling General Administrative | 1.4M | 1.0M | 952K | 1.4M | 1.7K | 1.6K | |
| Gross Profit | (1.4M) | (438K) | (1.2M) | (2.3M) | (25K) | (26.3K) | |
| Other Operating Expenses | 3.2M | 1.5M | 2.2M | 3.7M | 3.9K | 3.7K | |
| Operating Income | (2.0M) | (1.8M) | (1.9M) | (3.3M) | (4.1K) | (4.3K) | |
| Ebit | (2.8M) | (1.8M) | (1.9M) | (3.3M) | (29.1K) | (30.5K) | |
| Ebitda | (2.7M) | (1.7M) | (1.8M) | (3.2M) | (4.1K) | (4.3K) | |
| Total Operating Expenses | 1.4M | 1.0M | 952K | 1.4M | 3.9K | 3.7K | |
| Income Before Tax | (3.3M) | (939K) | (2.4M) | (3.9M) | (3.8K) | (3.9K) | |
| Total Other Income Expense Net | (497K) | 549K | (173K) | (256K) | 361.0 | 342.95 | |
| Net Income | (3.8M) | (500K) | (2.6M) | (4.6M) | (3.8K) | (3.9K) | |
| Income Tax Expense | 497K | (439K) | 190K | 663K | (167.9K) | (159.5K) | |
| Cost Of Revenue | 1.8M | 438K | 1.2M | 2.3M | 25K | 23.8K | |
| Net Income From Continuing Ops | (3.3M) | (939K) | (2.4M) | (3.9M) | (3.8M) | (3.9M) | |
| Net Income Applicable To Common Shares | (3.3M) | (939K) | (2.4M) | (3.9M) | (3.5M) | (3.4M) | |
| Interest Income | 497K | 127K | 81K | 131K | 191K | 344.4K | |
| Net Interest Income | 192K | 252K | 127K | 131K | 191K | 162.7K | |
| Reconciled Depreciation | 62K | 63K | 67K | 69K | 66K | 57.4K |
Pair Trading with Solitario Exploration
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 Solitario Exploration 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 Solitario Exploration will appreciate offsetting losses from the drop in the long position's value.Moving together with Solitario Stock
Moving against Solitario Stock
| 0.75 | BBUC | Brookfield Business Corp | PairCorr |
| 0.64 | FGAA-U | FG Acquisition Corp | PairCorr |
| 0.62 | FDY | Faraday Copper Corp | PairCorr |
| 0.61 | IE | Ivanhoe Energy | PairCorr |
| 0.61 | RBA | Ritchie Bros Auctioneers | PairCorr |
The ability to find closely correlated positions to Solitario Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solitario Exploration 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 Solitario Exploration - 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 Solitario Exploration Royalty to buy it.
The correlation of Solitario Exploration 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 Solitario Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solitario Exploration 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 Solitario Exploration 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 Solitario Exploration Royalty. 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.