Erdene Historical Income Statement
| ERD Stock | CAD 0.65 0.03 4.41% |
Historical analysis of Erdene Resource income statement accounts such as Operating Income of 4.8 M or Net Income of 493.3 K can show how well Erdene Resource Development performed in making a profits. Evaluating Erdene Resource income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Erdene Resource's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Erdene Resource Deve 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 Erdene Resource Deve is a good buy for the upcoming year.
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About Erdene Income Statement Analysis
Erdene Resource Deve 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 Erdene Resource shareholders. The income statement also shows Erdene 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).
Erdene Resource 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 Erdene Resource Deve. It is also known as Erdene Resource 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 Erdene Resource Deve income statement and represents the costs associated with goods and services Erdene Resource 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.Most accounts from Erdene Resource's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Erdene Resource Deve 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 Erdene Resource Development. 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, Erdene Resource's Reconciled Depreciation is very stable compared to the past year.
| 2022 | 2023 | 2024 | 2025 (projected) | Cost Of Revenue | 38.1K | 37.0K | 33.3K | 31.6K | Depreciation And Amortization | 136.6K | 37.0K | 33.3K | 31.6K |
Erdene Resource income statement Correlations
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Erdene Resource Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Erdene Resource income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Interest Expense | 1.7M | 9.3K | 11.0K | 2.4K | 2.8K | 2.6K | |
| Gross Profit | (36.9K) | (37.4K) | (38.1K) | (37.0K) | (42.5K) | (44.6K) | |
| Operating Income | (3.2M) | 5.7M | 6.0M | 4.0M | 4.6M | 4.8M | |
| Ebitda | (3.2M) | (5.5M) | (5.8M) | (3.9M) | (3.6M) | (3.7M) | |
| Total Other Income Expense Net | (9.9M) | 149.1K | (12.0M) | (7.7M) | (7.0M) | (6.6M) | |
| Net Income | (14.8M) | (5.6M) | (18.0M) | 522.0K | 469.8K | 493.3K | |
| Income Tax Expense | 1.7M | 9.3K | 12.0M | (4.3M) | (4.9M) | (4.7M) | |
| Selling General Administrative | 1.8M | 1.9M | 2.2M | 3.1M | 3.6M | 2.2M | |
| Other Operating Expenses | 3.2M | 5.7M | 6.0M | 4.0M | 4.6M | 4.8M | |
| Ebit | (3.2M) | (5.6M) | (6.0M) | (4.0M) | (3.6M) | (3.8M) | |
| Total Operating Expenses | 3.2M | 5.7M | 6.0M | (4.0M) | (3.6M) | (3.4M) | |
| Income Before Tax | (13.1M) | (5.6M) | (6.0M) | (3.7M) | (3.4M) | (3.5M) | |
| Depreciation And Amortization | 54.4K | 82.5K | 136.6K | 37.0K | 33.3K | 31.6K | |
| Cost Of Revenue | 36.9K | 37.4K | 38.1K | 37.0K | 33.3K | 31.6K | |
| Net Income From Continuing Ops | (13.1M) | (5.6M) | (6.0M) | 522.0K | 600.3K | 630.4K | |
| Net Income Applicable To Common Shares | (2.7M) | (13.1M) | (5.6M) | (6.0M) | (5.4M) | (5.7M) | |
| Interest Income | 62.9K | 149.1K | 58.4K | 269.6K | 310.1K | 325.6K | |
| Net Interest Income | (1.6M) | 45.7K | 47.3K | 267.2K | 307.3K | 322.6K | |
| Reconciled Depreciation | 54.4K | 82.4K | 136.6K | 37.0K | 42.5K | 60.0K |
Pair Trading with Erdene Resource
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 Erdene Resource 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 Erdene Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Erdene Stock
Moving against Erdene Stock
| 0.43 | RY | Royal Bank Earnings Call Today | PairCorr |
| 0.42 | INFM | Infinico Metals Corp | PairCorr |
| 0.36 | IE | Ivanhoe Energy | PairCorr |
The ability to find closely correlated positions to Erdene Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erdene Resource 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 Erdene Resource - 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 Erdene Resource Development to buy it.
The correlation of Erdene Resource 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 Erdene Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erdene Resource Deve 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 Erdene Resource 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 Erdene Stock
Erdene Resource Deve 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 Erdene Resource shareholders. The income statement also shows Erdene 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).