Goeasy Historical Income Statement

GSY Stock  CAD 173.67  2.15  1.25%   
Historical analysis of Goeasy income statement accounts such as Selling General Administrative of 55 M or Total Revenue of 1.3 B can show how well goeasy performed in making a profits. Evaluating Goeasy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Goeasy's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining goeasy 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 goeasy is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in goeasy. 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.

About Goeasy Income Statement Analysis

goeasy 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 Goeasy shareholders. The income statement also shows Goeasy 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).

Goeasy Income Statement Chart

At this time, Goeasy's EBIT is very stable compared to the past year. As of the 26th of November 2024, EBITDA is likely to grow to about 1.1 B, while Selling General Administrative is likely to drop about 55 M.

Total Revenue

Total revenue comprises all receipts goeasy 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 goeasy minus its cost of goods sold. It is profit before Goeasy 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of goeasy. It is also known as Goeasy 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 Goeasy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into goeasy 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in goeasy. 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, Goeasy's EBIT is very stable compared to the past year. As of the 26th of November 2024, EBITDA is likely to grow to about 1.1 B, while Selling General Administrative is likely to drop about 55 M.
 2021 2022 2023 2024 (projected)
Gross Profit622.0M795.9M851.6M894.2M
Total Revenue826.7M1.0B1.3B1.3B

Goeasy income statement Correlations

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0.860.870.320.920.940.820.960.550.870.750.710.930.920.93-0.890.850.920.930.38-0.150.91
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Goeasy Account Relationship Matchups

Goeasy income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization443.2M414.7M430.8M695.0M744.7M782.0M
Interest Expense53.5M46.9M66.2M93.9M171.6M180.2M
Selling General Administrative41.6M44.3M50.5M58.8M66.7M55.0M
Total Revenue609.4M652.9M826.7M1.0B1.3B1.3B
Gross Profit446.5M472.2M622.0M795.9M851.6M894.2M
Other Operating Expenses288.9M310.1M375.3M409.2M595.9M625.7M
Operating Income299.7M343.3M450.3M583.1M476.5M500.3M
Ebit(79.1M)(6.7M)98.3M(30.7M)337.4M354.2M
Ebitda364.1M408.1M529.2M664.4M1.1B1.1B
Cost Of Revenue162.9M180.7M204.7M223.5M398.5M418.4M
Total Operating Expenses126.0M129.4M170.6M185.7M197.5M107.3M
Income Before Tax89.5M183.2M316.9M195.8M337.0M353.8M
Net Income64.3M136.5M244.9M140.2M247.9M260.3M
Income Tax Expense25.2M46.7M71.9M55.6M89.1M93.5M
Total Other Income Expense Net(210.2M)(160.2M)(133.4M)(387.3M)(331.9M)(315.3M)
Selling And Marketing Expenses26.7M26.8M30.4M34.1M31.0M20.6M
Net Income From Continuing Ops64.3M136.5M244.9M140.2M247.9M260.3M
Net Income Applicable To Common Shares64.3M136.5M244.9M140.2M161.2M84.0M
Tax Provision25.2M46.7M71.9M55.6M89.1M93.5M
Interest Income57.6M515K77.3M108.0M3.2M3.0M
Net Interest Income(79.3M)(55.0M)(73.4M)(92.3M)14.7M15.4M
Research Development12.3M14.2M18.0M23.5M28.4M16.3M
Reconciled Depreciation64.4M64.7M78.9M81.3M86.3M75.4M

Pair Trading with Goeasy

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

Moving against Goeasy Stock

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The ability to find closely correlated positions to Goeasy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goeasy 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 Goeasy - 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 goeasy to buy it.
The correlation of Goeasy 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 Goeasy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if goeasy 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 Goeasy 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 Goeasy Stock

goeasy 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 Goeasy shareholders. The income statement also shows Goeasy 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).