Exco Total Revenue vs Net Income Analysis

XTC Stock  CAD 8.31  0.24  2.81%   
Exco Technologies financial indicator trend analysis is much more than just examining Exco Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Exco Technologies is a good investment. Please check the relationship between Exco Technologies Total Revenue and its Net Income accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exco Technologies 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.

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Exco Technologies Total Revenue account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Exco Technologies' Total Revenue and Net Income is 0.46. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Exco Technologies Limited, assuming nothing else is changed. The correlation between historical values of Exco Technologies' Total Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Exco Technologies Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Revenue i.e., Exco Technologies' Total Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.46
Relationship DirectionPositive 
Relationship StrengthWeak

Total Revenue

Total revenue comprises all receipts Exco Technologies 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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Exco Technologies financial statement analysis. It represents the amount of money remaining after all of Exco Technologies Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Exco Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Exco Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exco Technologies 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 this time, Exco Technologies' Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Enterprise Value is likely to grow to about 350.2 M, while Selling General Administrative is likely to drop about 32.8 M.
 2021 2022 2023 2024 (projected)
Gross Profit97.3M130.6M150.2M78.3M
Total Revenue489.9M619.3M712.2M747.8M

Exco Technologies fundamental ratios Correlations

0.820.960.920.960.960.840.950.89-0.40.99-0.40.90.480.870.980.69-0.180.940.870.980.070.45-0.730.910.76
0.820.860.750.650.860.990.640.72-0.650.83-0.650.720.390.980.850.650.070.950.850.780.060.31-0.790.770.64
0.960.860.870.880.980.890.880.82-0.540.96-0.540.810.370.910.980.75-0.030.950.930.91-0.030.36-0.830.90.81
0.920.750.870.850.820.770.830.98-0.210.87-0.210.950.580.760.890.56-0.250.90.70.950.370.44-0.550.810.62
0.960.650.880.850.90.671.00.84-0.250.95-0.250.860.460.710.930.64-0.30.810.790.940.040.43-0.640.860.71
0.960.860.980.820.90.880.90.77-0.560.97-0.560.80.390.910.990.71-0.070.930.960.91-0.070.29-0.860.880.81
0.840.990.890.770.670.880.670.73-0.710.86-0.710.710.330.990.870.670.160.970.870.780.030.39-0.820.840.68
0.950.640.880.831.00.90.670.81-0.280.95-0.280.830.420.710.920.66-0.280.80.80.930.010.45-0.660.870.72
0.890.720.820.980.840.770.730.81-0.160.84-0.160.950.620.720.840.51-0.310.870.620.940.350.48-0.460.770.52
-0.4-0.65-0.54-0.21-0.25-0.56-0.71-0.28-0.16-0.491.0-0.10.26-0.7-0.5-0.51-0.5-0.55-0.7-0.250.4-0.250.78-0.54-0.48
0.990.830.960.870.950.970.860.950.84-0.49-0.490.830.40.890.980.72-0.090.930.90.940.00.48-0.780.940.78
-0.4-0.65-0.54-0.21-0.25-0.56-0.71-0.28-0.161.0-0.49-0.10.26-0.7-0.5-0.51-0.5-0.55-0.7-0.250.4-0.250.78-0.54-0.48
0.90.720.810.950.860.80.710.830.95-0.10.83-0.10.710.710.860.47-0.40.850.660.970.330.32-0.490.710.59
0.480.390.370.580.460.390.330.420.620.260.40.260.710.340.430.0-0.370.460.240.610.35-0.05-0.010.260.23
0.870.980.910.760.710.910.990.710.72-0.70.89-0.70.710.340.90.670.140.970.90.8-0.060.36-0.840.850.73
0.980.850.980.890.930.990.870.920.84-0.50.98-0.50.860.430.90.67-0.090.950.940.950.00.37-0.820.910.83
0.690.650.750.560.640.710.670.660.51-0.510.72-0.510.470.00.670.67-0.040.670.660.61-0.010.37-0.660.690.42
-0.180.07-0.03-0.25-0.3-0.070.16-0.28-0.31-0.5-0.09-0.5-0.4-0.370.14-0.09-0.040.00.08-0.3-0.410.24-0.120.160.24
0.940.950.950.90.810.930.970.80.87-0.550.93-0.550.850.460.970.950.670.00.880.910.10.41-0.780.880.73
0.870.850.930.70.790.960.870.80.62-0.70.9-0.70.660.240.90.940.660.080.880.79-0.170.22-0.960.820.85
0.980.780.910.950.940.910.780.930.94-0.250.94-0.250.970.610.80.950.61-0.30.910.790.180.37-0.630.830.69
0.070.06-0.030.370.04-0.070.030.010.350.40.00.40.330.35-0.060.0-0.01-0.410.1-0.170.180.080.25-0.06-0.22
0.450.310.360.440.430.290.390.450.48-0.250.48-0.250.32-0.050.360.370.370.240.410.220.370.08-0.160.690.3
-0.73-0.79-0.83-0.55-0.64-0.86-0.82-0.66-0.460.78-0.780.78-0.49-0.01-0.84-0.82-0.66-0.12-0.78-0.96-0.630.25-0.16-0.71-0.77
0.910.770.90.810.860.880.840.870.77-0.540.94-0.540.710.260.850.910.690.160.880.820.83-0.060.69-0.710.79
0.760.640.810.620.710.810.680.720.52-0.480.78-0.480.590.230.730.830.420.240.730.850.69-0.220.3-0.770.79
Click cells to compare fundamentals

Exco Technologies Account Relationship Matchups

Exco Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets409.8M430.1M576.3M612.1M703.9M739.1M
Short Long Term Debt Total6.5M5.5M114.0M116.4M133.8M140.5M
Other Current Liab27.4M29.6M46.3M43.1M49.5M52.0M
Total Current Liabilities67.4M73.8M107.9M107.2M123.3M129.5M
Total Stockholder Equity331.0M345.1M348.5M371.0M426.7M448.0M
Property Plant And Equipment Net131.0M149.5M207.1M222.4M255.8M268.6M
Net Debt(26.6M)(18.6M)97.0M100.6M115.6M121.4M
Retained Earnings267.0M289.9M289.7M299.6M344.6M361.8M
Accounts Payable32.9M33.8M51.4M54.0M62.1M65.3M
Cash33.1M24.1M17.0M15.8M18.2M21.1M
Non Current Assets Total227.7M238.4M331.9M345.9M397.8M417.7M
Cash And Short Term Investments33.1M24.1M17.0M15.8M18.2M21.1M
Net Receivables79.5M85.9M108.7M129.2M148.5M156.0M
Common Stock Shares Outstanding39.9M39.3M39.1M38.9M44.7M44.9M
Liabilities And Stockholders Equity409.8M430.1M576.3M612.1M703.9M739.1M
Non Current Liabilities Total11.4M11.3M119.9M133.8M153.9M161.6M
Inventory61.2M77.8M98.0M111.2M127.8M134.2M
Other Current Assets9.2M4.0M26.1M10.1M11.6M12.1M
Other Stockholder Equity4.7M5.1M5.4M5.8M5.2M9.1M
Total Liab78.8M85.1M227.8M241.1M277.2M291.1M
Property Plant And Equipment Gross131.0M354.7M431.3M467.5M537.6M564.4M
Total Current Assets182.1M191.7M244.4M266.2M306.1M321.4M
Accumulated Other Comprehensive Income10.4M1.1M4.6M16.8M19.4M20.3M
Short Term Debt3.5M5.5M12.4M5.0M4.5M8.1M
Intangible Assets30.5M25.8M34.4M30.6M27.5M24.6M
Non Currrent Assets Other46K(237.1M)(330.2M)(344.4M)(309.9M)(294.4M)
Good Will65.0M61.9M88.7M91.3M105.0M110.3M
Current Deferred Revenue3.6M4.8M3.2M5.2M5.9M6.2M
Common Stock50.5M49.0M49.0M48.8M56.1M52.6M
Other Liab8.9M8.4M11.3M18.3M21.0M22.1M
Net Tangible Assets229.8M235.5M257.4M225.4M259.2M237.0M
Other Assets1.2M1.2M1.3M1.6M1.5M1.4M
Long Term Debt3M0.095M105M120.8M126.8M
Short Long Term Debt3.5M5.5M12.4M5.0M5.7M8.9M
Property Plant Equipment126.8M131.0M149.5M207.1M238.2M141.7M
Long Term Debt Total17.1M3M0.0101.7M116.9M122.7M
Capital Surpluse4.3M4.7M5.1M5.4M6.2M4.8M
Cash And Equivalents26.5M33.1M24.1M17.0M15.3M22.3M
Net Invested Capital337.5M350.6M455.9M481.0M553.1M421.9M

Pair Trading with Exco Technologies

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 Exco Technologies 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 Exco Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Exco Stock

  0.67FFH Fairfax FinancialPairCorr
  0.65FFH-PC Fairfax Fin HldPairCorr
The ability to find closely correlated positions to Exco Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exco Technologies 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 Exco Technologies - 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 Exco Technologies Limited to buy it.
The correlation of Exco Technologies 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 Exco Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exco Technologies 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 Exco Technologies 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Exco Stock

Balance Sheet is a snapshot of the financial position of Exco Technologies at a specified time, usually calculated after every quarter, six months, or one year. Exco Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Exco Technologies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Exco currently owns. An asset can also be divided into two categories, current and non-current.