First Historical Income Statement
| FF Stock | CAD 0.13 0.01 7.14% |
Historical analysis of First Mining income statement accounts such as Selling General Administrative of 3.6 M or Other Operating Expenses of 10.1 M can show how well First Mining Gold performed in making a profits. Evaluating First Mining income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Mining's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining First Mining Gold 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 First Mining Gold is a good buy for the upcoming year.
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About First Income Statement Analysis
First Mining Gold 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 First Mining shareholders. The income statement also shows First 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).
First Mining 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 First Mining Gold. It is also known as First Mining 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from First Mining's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Mining Gold 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 First Mining Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, First Mining's Research Development is very stable compared to the past year. As of the 28th of November 2024, Selling And Marketing Expenses is likely to grow to about 1.2 M, while Selling General Administrative is likely to drop about 3.6 M.
| 2023 | 2024 (projected) | Non Recurring | 83.9K | 74.5K | Research Development | 1.6M | 1.7M |
First Mining income statement Correlations
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First Mining Account Relationship Matchups
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First Mining income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 171K | 305K | 320K | 411K | 479K | 503.0K | |
| Interest Expense | 556K | 58.4M | 422K | 17.3M | 19.9M | 20.9M | |
| Selling General Administrative | 5.1M | 5.0M | 7.7M | 6.5M | 6.0M | 3.6M | |
| Other Operating Expenses | 6.2M | 6.0M | 8.9M | 7.4M | 9.6M | 10.1M | |
| Operating Income | (5.9M) | 24.0M | 15.1M | 711K | (9.6M) | (9.1M) | |
| Ebit | (6.4M) | (35.8M) | (9.9M) | (7.2M) | (7.1M) | (7.4M) | |
| Ebitda | (6.3M) | (35.5M) | (9.6M) | (6.8M) | (6.6M) | (6.9M) | |
| Total Operating Expenses | 6.2M | 5.8M | 8.7M | 7.2M | 9.6M | 10.1M | |
| Net Income | (7.0M) | (34.3M) | (61.9M) | (15.3M) | (7.0M) | (7.4M) | |
| Income Tax Expense | 516K | (1.6M) | 29.4M | (309K) | (1.6M) | (1.5M) | |
| Income Before Tax | (6.4M) | (35.8M) | (32.5M) | (15.6M) | (7.1M) | (7.4M) | |
| Total Other Income Expense Net | 130K | (10.7M) | (22.5M) | (8.2M) | 2.5M | 2.6M | |
| Gross Profit | (171K) | (146K) | (168K) | (235K) | (479K) | (455.1K) | |
| Net Income From Continuing Ops | (7.0M) | (32.8M) | (38.4M) | (16.3M) | (7.0M) | (7.4M) | |
| Cost Of Revenue | 171K | 146K | 168K | 235K | 479K | 503.0K | |
| Net Income Applicable To Common Shares | (7.0M) | (32.8M) | (38.4M) | (16.3M) | (14.7M) | (15.4M) | |
| Interest Income | 208K | 184K | 422K | 4.2M | 941K | 829.7K | |
| Selling And Marketing Expenses | 1.2M | 639K | 1.4M | 884K | 908K | 1.2M | |
| Net Interest Income | 212K | 184K | 422K | 264K | 941K | 988.1K | |
| Reconciled Depreciation | 171K | 305K | 320K | 411K | 479K | 343.4K |
Pair Trading with First Mining
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 First Mining 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 First Mining will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to First Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Mining 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 First Mining - 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 First Mining Gold to buy it.
The correlation of First Mining 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 First Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Mining Gold 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 First Mining 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 First Stock
First Mining Gold 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 First Mining shareholders. The income statement also shows First 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).