ATCO Historical Income Statement
| ACO-X Stock | CAD 49.14 0.33 0.68% |
Historical analysis of ATCO income statement accounts such as Gross Profit of 2.7 B, Operating Income of 919.4 M or Ebitda of 1.7 B can show how well ATCO performed in making a profits. Evaluating ATCO income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ATCO's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ATCO 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 ATCO is a good buy for the upcoming year.
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About ATCO Income Statement Analysis
ATCO 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 ATCO shareholders. The income statement also shows ATCO 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).
ATCO Income Statement Chart
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Total Revenue
Total revenue comprises all receipts ATCO 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 ATCO minus its cost of goods sold. It is profit before ATCO 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.Operating Income
Operating Income is the amount of profit realized from ATCO 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 ATCO 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 ATCO's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ATCO 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ATCO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. Total Operating Expenses is likely to gain to about 1.9 B in 2024, whereas Total Revenue is likely to drop slightly above 3.8 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7B | 3.1B | 3.0B | 2.7B | Total Revenue | 4.3B | 5.0B | 4.7B | 3.8B |
ATCO income statement Correlations
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ATCO Account Relationship Matchups
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ATCO income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 4.7B | 3.9B | 4.3B | 5.0B | 4.7B | 3.8B | |
| Gross Profit | 3.0B | 2.6B | 2.7B | 3.1B | 3.0B | 2.7B | |
| Operating Income | 1.6B | 1.1B | 1.0B | 1.3B | 1.5B | 919.4M | |
| Ebitda | 2.2B | 1.8B | 1.8B | 2.0B | 2.3B | 1.7B | |
| Total Other Income Expense Net | (484M) | (407M) | (423M) | (391M) | (434M) | (455.7M) | |
| Net Income | 1.0B | 497M | 469M | 707M | 432M | 300.7M | |
| Income Tax Expense | 231M | 66M | 166M | 148M | 242M | 143.7M | |
| Other Operating Expenses | 3.4B | 2.9B | 3.3B | 3.8B | 3.2B | 3.2B | |
| Cost Of Revenue | 1.7B | 1.4B | 1.6B | 1.9B | 1.7B | 1.3B | |
| Total Operating Expenses | 1.6B | 1.6B | 1.8B | 1.9B | 1.5B | 1.9B | |
| Income Before Tax | 1.1B | 663M | 617M | 921M | 1.1B | 695.8M | |
| Depreciation And Amortization | 682M | 637M | 669M | 717M | 811M | 547.0M | |
| Interest Expense | 506M | 422M | 423M | 431M | 493M | 340.7M | |
| Ebit | 1.5B | 1.1B | 1.0B | 1.3B | 1.5B | 1.1B | |
| Selling General Administrative | 599M | 538M | 531M | 573M | 644M | 490.8M | |
| Net Income From Continuing Ops | 1.0B | 497M | 469M | 707M | 819M | 719M | |
| Net Income Applicable To Common Shares | 513M | 252M | 246M | 370M | 333M | 260.8M | |
| Minority Interest | 3.9B | 3.8B | (223M) | (337M) | (387M) | (367.7M) | |
| Tax Provision | 66M | 166M | 148M | 214M | 242M | 148.8M | |
| Net Interest Income | (484M) | (407M) | (413M) | (390M) | (434M) | (455.7M) | |
| Interest Income | 27M | 18M | 14M | 45M | 66M | 33M | |
| Reconciled Depreciation | 682M | 637M | 669M | 717M | 811M | 770.5M |
Pair Trading with ATCO
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 ATCO 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 ATCO will appreciate offsetting losses from the drop in the long position's value.Moving together with ATCO Stock
Moving against ATCO Stock
The ability to find closely correlated positions to ATCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATCO 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 ATCO - 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 ATCO to buy it.
The correlation of ATCO 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 ATCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATCO 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 ATCO 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.Additional Tools for ATCO Stock Analysis
When running ATCO's price analysis, check to measure ATCO's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ATCO is operating at the current time. Most of ATCO's value examination focuses on studying past and present price action to predict the probability of ATCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATCO's price. Additionally, you may evaluate how the addition of ATCO to your portfolios can decrease your overall portfolio volatility.