Teck Historical Income Statement
| TECK-B Stock | CAD 65.37 0.10 0.15% |
Historical analysis of Teck Resources income statement accounts such as Operating Income of 4.3 B, Ebit of 4.4 B, EBITDA of 6.5 B or Cost Of Revenue of 10.4 B can show how well Teck Resources Limited performed in making a profits. Evaluating Teck Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Teck Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Teck Resources 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 Teck Resources is a good buy for the upcoming year.
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About Teck Income Statement Analysis
Teck Resources 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 Teck Resources shareholders. The income statement also shows Teck 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).
Teck Resources Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Teck Resources 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 Teck Resources Limited minus its cost of goods sold. It is profit before Teck Resources 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 Teck Resources. It is also known as Teck Resources 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 Teck Resources income statement and represents the costs associated with goods and services Teck Resources 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.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Teck Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Teck Resources 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 Teck Resources Limited. 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 present, Teck Resources' Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 15.8 B, whereas Total Operating Expenses is forecasted to decline to about 552.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 13.5B | 17.3B | 15.0B | 15.8B | Depreciation And Amortization | 1.6B | 1.8B | 1.9B | 2.0B |
Teck Resources income statement Correlations
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Teck Resources Account Relationship Matchups
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Teck Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.7B | 1.6B | 1.6B | 1.8B | 1.9B | 2.0B | |
| Total Revenue | 11.9B | 8.9B | 13.5B | 17.3B | 15.0B | 15.8B | |
| Gross Profit | 3.3B | 1.3B | 5.1B | 8.6B | 5.1B | 5.4B | |
| Other Operating Expenses | 9.5B | 8.5B | 8.9B | 10.4B | 10.6B | 11.2B | |
| Operating Income | 2.4B | 438M | 4.9B | 7.0B | 4.1B | 4.3B | |
| Ebit | (318M) | (976M) | 4.7B | 6.6B | 4.2B | 4.4B | |
| Ebitda | 1.4B | 648M | 6.4B | 8.4B | 6.1B | 6.5B | |
| Cost Of Revenue | 8.6B | 7.6B | 8.4B | 8.7B | 9.9B | 10.4B | |
| Total Operating Expenses | 891M | 904M | 534M | 1.7B | 773M | 552.2M | |
| Income Before Tax | (468M) | (1.1B) | 4.5B | 6.6B | 3.9B | 4.1B | |
| Total Other Income Expense Net | (318M) | (226M) | (162M) | (421M) | (177M) | (185.9M) | |
| Net Income | (588M) | (944M) | 2.9B | 3.3B | 2.4B | 2.5B | |
| Income Tax Expense | 120M | (192M) | 1.6B | 2.5B | 1.6B | 1.7B | |
| Interest Expense | 88M | 108M | 5M | 65M | 94M | 188M | |
| Research Development | 67M | 97M | 129M | 157M | 164M | 172.2M | |
| Selling General Administrative | 165M | 179M | 299M | 472M | 424M | 251.3M | |
| Net Income From Continuing Ops | (588M) | (944M) | 2.9B | 4.1B | 2.3B | 1.3B | |
| Net Income Applicable To Common Shares | (605M) | (864M) | 2.9B | 3.3B | 3.8B | 4.0B | |
| Minority Interest | 770M | 669M | (47M) | 19M | 101M | 190.6M | |
| Tax Provision | 120M | (192M) | 1.6B | 2.5B | 1.6B | 1.2B | |
| Reconciled Depreciation | 1.6B | 1.5B | 1.6B | 1.7B | 1.9B | 1.8B |
Pair Trading with Teck Resources
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 Teck Resources 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 Teck Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Teck Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teck Resources 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 Teck Resources - 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 Teck Resources Limited to buy it.
The correlation of Teck Resources 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 Teck Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teck Resources 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 Teck Resources 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 Teck Stock
Teck Resources 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 Teck Resources shareholders. The income statement also shows Teck 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).