Topaz Historical Income Statement
| TPZ Stock | CAD 27.81 1.17 4.04% |
Historical analysis of Topaz Energy income statement accounts such as Net Income Applicable To Common Shares of 120 M, Income Tax Expense of 22.4 M, Tax Provision of 12.2 M or Interest Income of 19.2 M can show how well Topaz Energy Corp performed in making a profits. Evaluating Topaz Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Topaz Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Topaz Energy 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 Topaz Energy Corp is a good buy for the upcoming year.
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About Topaz Income Statement Analysis
Topaz Energy 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 Topaz Energy shareholders. The income statement also shows Topaz 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).
Topaz Energy Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Topaz Energy Corp. It is also known as Topaz Energy 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.Operating Income
Operating Income is the amount of profit realized from Topaz Energy Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Topaz Energy Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Topaz Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Topaz Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Topaz Energy 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. At this time, Topaz Energy's Interest Expense is very stable compared to the past year. As of the 27th of November 2024, Other Operating Expenses is likely to grow to about 247.8 M, while EBIT is likely to drop about 42.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 43.2M | 147.3M | 82.3M | 61.2M | Total Revenue | 198.6M | 356.7M | 306.7M | 212.2M |
Topaz Energy income statement Correlations
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Topaz Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Topaz Energy
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 Topaz Energy 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 Topaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Topaz Stock
Moving against Topaz Stock
The ability to find closely correlated positions to Topaz Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Topaz Energy 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 Topaz Energy - 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 Topaz Energy Corp to buy it.
The correlation of Topaz Energy 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 Topaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topaz Energy 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 Topaz Energy 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 Topaz Stock
Topaz Energy 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 Topaz Energy shareholders. The income statement also shows Topaz 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).