ELF Historical Income Statement
| ELF Stock | CAD 1,475 25.00 1.67% |
Historical analysis of E L income statement accounts such as Gross Profit of 4.2 B or Other Operating Expenses of 2.8 B can show how well E L Financial Corp performed in making a profits. Evaluating E L income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of E L's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining E L Financial 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 E L Financial is a good buy for the upcoming year.
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About ELF Income Statement Analysis
E L Financial 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 E L shareholders. The income statement also shows ELF 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).
E L 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 E L Financial. It is also known as E L 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.Most accounts from E L's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into E L Financial 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E L Financial 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, E L's Total Other Income Expense Net is very stable compared to the past year. As of the 26th of November 2024, Net Income is likely to grow to about 1 B, though Operating Income is likely to grow to (160.9 M).
E L income statement Correlations
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E L Account Relationship Matchups
High Positive Relationship
High Negative Relationship
E L income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 16.6M | 20.8M | 31.8M | 28.0M | 25.9M | 27.2M | |
| Total Revenue | 2.9B | 2.6B | 2.3B | (707.0M) | 4.0B | 4.2B | |
| Gross Profit | 2.9B | 2.6B | 2.3B | (707.0M) | 4.0B | 4.2B | |
| Other Operating Expenses | 1.9B | 1.9B | 826.3M | 352.0M | 2.7B | 2.8B | |
| Operating Income | 913.3M | 613.7M | 1.4B | (172.8M) | (169.4M) | (160.9M) | |
| Ebitda | 939.7M | 644.3M | 1.4B | (134.7M) | (160.3M) | (152.3M) | |
| Total Operating Expenses | (2.0B) | (2.0B) | (942.5M) | 534.2M | 742.2M | 779.3M | |
| Income Before Tax | 1.0B | 713.5M | 1.5B | (355.0M) | 1.3B | 1.3B | |
| Total Other Income Expense Net | 113.8M | 99.8M | 116.2M | (182.2M) | 1.3B | 1.3B | |
| Net Income | 747.9M | 503.7M | 1.2B | (327.3M) | 955.3M | 1.0B | |
| Income Tax Expense | 165.5M | 110.0M | 215.4M | (27.7M) | 179.4M | 188.3M | |
| Depreciation And Amortization | 11.0M | 12.3M | 14.4M | 3.5M | 9.1M | 12.4M | |
| Ebit | 928.6M | 632.0M | 1.4B | (138.1M) | (169.4M) | (160.9M) | |
| Selling General Administrative | 184.9M | 177.4M | 187.1M | 196.6M | 109.9M | 140.9M | |
| Net Income From Continuing Ops | 861.7M | 603.5M | 1.3B | (327.3M) | 1.1B | 660.2M | |
| Net Income Applicable To Common Shares | 729.1M | 484.1M | 1.1B | (189.9M) | (170.9M) | (162.4M) | |
| Minority Interest | 1.1B | 1.1B | (116.2M) | 154.2M | (139.8M) | (132.8M) | |
| Tax Provision | 165.5M | 110.0M | 215.4M | (27.7M) | 179.4M | 124.9M | |
| Interest Income | 1.2B | 453.1M | 800.2M | 481.0M | 359.1M | 651.9M | |
| Net Interest Income | (16.6M) | (20.8M) | (31.8M) | (28.0M) | (25.9M) | (27.2M) | |
| Reconciled Depreciation | 11.0M | 12.3M | 14.4M | 38.1M | 18.9M | 18.0M |
Pair Trading with E L
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 E L 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 E L will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to E L could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E L 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 E L - 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 E L Financial Corp to buy it.
The correlation of E L 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 E L moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E L Financial 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 E L 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 ELF Stock
E L Financial 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 E L shareholders. The income statement also shows ELF 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).