Canlan Historical Income Statement

ICE Stock

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Historical analysis of Canlan Ice income statement accounts such as Selling General Administrative of 50.3 M or Total Revenue of 68.6 M can show how well Canlan Ice Sports performed in making a profits. Evaluating Canlan Ice income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canlan Ice's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Canlan Ice Sports 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 Canlan Ice Sports is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Canlan Ice Sports. 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 Canlan Income Statement Analysis

Canlan Ice Sports 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 Canlan Ice shareholders. The income statement also shows Canlan 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).

Canlan Ice Income Statement Chart

At this time, Canlan Ice's Selling General Administrative is very stable compared to the past year. As of the 5th of February 2025, EBIT is likely to grow to about 3.5 M, while Depreciation And Amortization is likely to drop about 5.7 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Canlan Ice Sports 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 Canlan Ice Sports minus its cost of goods sold. It is profit before Canlan Ice 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 Canlan Ice Sports. It is also known as Canlan Ice 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 Canlan Ice's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canlan Ice Sports 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 Canlan Ice Sports. 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.

	2022	2023	2024	2025 (projected)
Gross Profit	70.1M	11.9M	13.6M	13.0M
Total Revenue	73.7M	86.2M	99.1M	68.6M

Gross Profit Total Revenue

Canlan Ice income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.8	0.63	0.29	0.37	0.45	-0.47	-0.4	0.09	-0.28	0.44	-0.22	-0.18	-0.16	-0.31	-0.13	-0.08	-0.14	-0.5	0.3	0.54
Interest Expense	0.8		0.37	0.39	0.25	0.52	-0.29	-0.32	0.07	-0.1	0.29	-0.14	0.03	-0.16	-0.05	0.06	-0.14	-0.08	-0.13	0.03	0.21
Selling General Administrative	0.63	0.37		0.49	0.58	0.55	-0.03	-0.13	0.23	-0.31	0.6	-0.03	-0.12	0.03	-0.12	0.19	0.15	0.11	-0.45	0.46	0.3
Total Revenue	0.29	0.39	0.49		0.29	0.98	0.58	0.42	0.62	0.21	0.22	0.51	0.23	0.51	0.44	0.74	0.53	0.52	-0.16	0.45	-0.03
Gross Profit	0.37	0.25	0.58	0.29		0.27	0.3	0.17	0.34	-0.86	0.99	0.3	-0.18	0.21	0.47	0.46	0.26	0.62	0.14	-0.15	-0.26
Other Operating Expenses	0.45	0.52	0.55	0.98	0.27		0.41	0.27	0.54	0.2	0.22	0.38	0.18	0.39	0.31	0.65	0.43	0.4	-0.22	0.48	0.08
Operating Income	-0.47	-0.29	-0.03	0.58	0.3	0.41		0.84	0.65	0.03	0.18	0.8	0.3	0.73	0.84	0.78	0.7	0.82	0.27	-0.02	-0.57
Ebit	-0.4	-0.32	-0.13	0.42	0.17	0.27	0.84		0.87	0.09	0.07	0.96	0.33	0.95	0.78	0.47	0.91	0.74	0.09	0.03	-0.31
Ebitda	0.09	0.07	0.23	0.62	0.34	0.54	0.65	0.87		0.0	0.27	0.91	0.27	0.95	0.65	0.42	0.95	0.7	-0.21	0.25	0.01
Cost Of Revenue	-0.28	-0.1	-0.31	0.21	-0.86	0.2	0.03	0.09	0.0		-0.89	-0.01	0.31	0.08	-0.21	-0.07	0.04	-0.33	-0.22	0.38	0.23
Total Operating Expenses	0.44	0.29	0.6	0.22	0.99	0.22	0.18	0.07	0.27	-0.89		0.21	-0.22	0.12	0.38	0.38	0.18	0.54	0.11	-0.16	-0.2
Income Before Tax	-0.22	-0.14	-0.03	0.51	0.3	0.38	0.8	0.96	0.91	-0.01	0.21		0.4	0.97	0.84	0.52	0.95	0.83	0.06	0.08	-0.29
Total Other Income Expense Net	-0.18	0.03	-0.12	0.23	-0.18	0.18	0.3	0.33	0.27	0.31	-0.22	0.4		0.39	0.32	0.16	0.36	0.21	-0.14	0.19	-0.25
Net Income	-0.16	-0.16	0.03	0.51	0.21	0.39	0.73	0.95	0.95	0.08	0.12	0.97	0.39		0.7	0.4	0.99	0.72	-0.14	0.21	-0.14
Income Tax Expense	-0.31	-0.05	-0.12	0.44	0.47	0.31	0.84	0.78	0.65	-0.21	0.38	0.84	0.32	0.7		0.72	0.66	0.92	0.5	-0.24	-0.58
Selling And Marketing Expenses	-0.13	0.06	0.19	0.74	0.46	0.65	0.78	0.47	0.42	-0.07	0.38	0.52	0.16	0.4	0.72		0.39	0.75	0.38	-0.03	-0.5
Net Income From Continuing Ops	-0.08	-0.14	0.15	0.53	0.26	0.43	0.7	0.91	0.95	0.04	0.18	0.95	0.36	0.99	0.66	0.39		0.72	-0.2	0.28	-0.07
Tax Provision	-0.14	-0.08	0.11	0.52	0.62	0.4	0.82	0.74	0.7	-0.33	0.54	0.83	0.21	0.72	0.92	0.75	0.72		0.3	-0.04	-0.41
Interest Income	-0.5	-0.13	-0.45	-0.16	0.14	-0.22	0.27	0.09	-0.21	-0.22	0.11	0.06	-0.14	-0.14	0.5	0.38	-0.2	0.3		-0.65	-0.57
Net Interest Income	0.3	0.03	0.46	0.45	-0.15	0.48	-0.02	0.03	0.25	0.38	-0.16	0.08	0.19	0.21	-0.24	-0.03	0.28	-0.04	-0.65		0.4
Reconciled Depreciation	0.54	0.21	0.3	-0.03	-0.26	0.08	-0.57	-0.31	0.01	0.23	-0.2	-0.29	-0.25	-0.14	-0.58	-0.5	-0.07	-0.41	-0.57	0.4

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Canlan Ice Account Relationship Matchups

Canlan Ice income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	8.0M	7.8M	8.4M	7.5M	8.6M	5.7M
Interest Expense	2.9M	2.6M	2.6M	2.8M	3.2M	1.8M
Selling General Administrative	29.2M	29.3M	41.8M	41.6M	47.9M	50.3M
Total Revenue	39.3M	40.4M	73.7M	86.2M	99.1M	68.6M
Gross Profit	38.1M	39.3M	70.1M	11.9M	13.6M	13.0M
Other Operating Expenses	46.3M	42.4M	71.5M	84.2M	96.9M	64.0M
Operating Income	(6.8M)	(2.0M)	2.5M	1.9M	1.7M	1.6M
Ebit	(5.6M)	79K	7.8M	2.1M	1.9M	3.5M
Ebitda	2.3M	7.9M	16.1M	9.6M	11.0M	10.5M
Cost Of Revenue	1.2M	1.1M	3.6M	74.3M	66.9M	70.2M
Total Operating Expenses	45.1M	41.3M	67.9M	10.0M	11.5M	10.9M
Income Before Tax	(8.3M)	(2.5M)	5.1M	(726K)	(834.9K)	(793.2K)
Total Other Income Expense Net	(6.1M)	(2.5M)	(8.3M)	(2.6M)	(3.0M)	(3.2M)
Net Income	(6.4M)	(1.1M)	4.7M	435K	500.3K	525.3K
Income Tax Expense	(1.9M)	(1.5M)	399K	(1.2M)	(1.0M)	(992.7K)
Selling And Marketing Expenses	7.2M	5.3M	8.8M	10.4M	9.4M	8.1M
Net Income From Continuing Ops	(6.4M)	(1.1M)	4.7M	435K	500.3K	732.8K
Net Income Applicable To Common Shares	2.4M	(6.4M)	(1.1M)	4.7M	5.4M	5.7M
Tax Provision	(1.9M)	(1.5M)	399K	(1.2M)	(1.0M)	(992.7K)
Interest Income	3.5M	40K	1.8M	593K	533.7K	507.0K
Net Interest Income	(2.4M)	(2.6M)	(2.4M)	(2.2M)	(2.0M)	(2.1M)
Reconciled Depreciation	8.0M	7.8M	8.4M	7.5M	8.6M	8.4M

Pair Trading with Canlan Ice

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

Moving against Canlan Stock

0.7	PPL-PA	Pembina Pipeline Corp	Pair Corr
0.62	MIN	Excelsior Mining Corp	Pair Corr
0.62	STC	Sangoma Technologies Corp Earnings Call Tomorrow	Pair Corr
0.59	ETG	Entree Resources	Pair Corr
0.44	IMP	Intermap Technologies	Pair Corr

The ability to find closely correlated positions to Canlan Ice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canlan Ice 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 Canlan Ice - 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 Canlan Ice Sports to buy it.

The correlation of Canlan Ice 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 Canlan Ice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canlan Ice Sports 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 Canlan Ice 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 Correlation Correlation Matching

Other Information on Investing in Canlan Stock

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Canlan Historical Income Statement

About Canlan Income Statement Analysis

Canlan Ice Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Canlan Ice income statement Correlations

Canlan Ice Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canlan Ice income statement Accounts

Pair Trading with Canlan Ice

Moving against Canlan Stock

Other Information on Investing in Canlan Stock

COMMON DESTINATIONS

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COMPANY

Total Operating Expenses	+ 0.99	Gross Profit
Net Income From Continuing Ops	+ 0.99	Net Income
Other Operating Expenses	+ 0.98	Total Revenue
Net Income	+ 0.97	Income Before Tax
Income Before Tax	+ 0.96	Ebit
Net Income	+ 0.95	Ebit

Total Operating Expenses	- 0.89	Cost Of Revenue
Cost Of Revenue	- 0.86	Gross Profit
Net Interest Income	- 0.65	Interest Income
Reconciled Depreciation	- 0.58	Income Tax Expense
Reconciled Depreciation	- 0.57	Interest Income
Reconciled Depreciation	- 0.57	Operating Income