Idaho Historical Income Statement
| IDR Stock | USD 12.25 0.44 3.73% |
Historical analysis of Idaho Strategic income statement accounts such as Other Operating Expenses of 13.3 M or Operating Income of 1.1 M can show how well Idaho Strategic Resources performed in making a profits. Evaluating Idaho Strategic income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Idaho Strategic's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Idaho Strategic Resources 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 Idaho Strategic Resources is a good buy for the upcoming year.
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About Idaho Income Statement Analysis
Idaho Strategic Resources 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 Idaho Strategic shareholders. The income statement also shows Idaho 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).
Idaho Strategic Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Idaho Strategic Resources 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Idaho Strategic Resources. It is also known as Idaho Strategic 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.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most accounts from Idaho Strategic's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Idaho Strategic Resources 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 Idaho Strategic Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Idaho Strategic's Net Income is relatively stable compared to the past year. As of 11/29/2024, Depreciation And Amortization is likely to grow to about 1.6 M, while Selling General Administrative is likely to drop slightly above 736.4 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 208.3K | 102.8K | 44.2K | 53.3K | Depreciation And Amortization | 824.4K | 996.8K | 1.5M | 1.6M |
Idaho Strategic income statement Correlations
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Idaho Strategic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Idaho Strategic income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Revenue | 6.1M | 5.7M | 7.6M | 9.6M | 13.7M | 14.3M | |
| Gross Profit | 738.5K | 67.5K | 487.9K | 1.6M | 2.4M | 2.6M | |
| Other Operating Expenses | 6.5M | 6.7M | 10.7M | 12.1M | 12.6M | 13.3M | |
| Operating Income | (308.4K) | (985.6K) | (3.1M) | (2.5M) | 1.0M | 1.1M | |
| Ebit | (308.4K) | (588.8K) | (3.1M) | (2.5M) | 1.1M | 1.2M | |
| Ebitda | 271.6K | (3.5K) | (2.2M) | (1.5M) | 2.6M | 2.7M | |
| Total Operating Expenses | 1.1M | 1.1M | 3.5M | 4.0M | 3.0M | 3.1M | |
| Net Income | (705.6K) | (840.4K) | (3.4M) | (2.6M) | 1.2M | 1.2M | |
| Income Tax Expense | (20.9K) | 100.4K | 116.3K | (37.0K) | (84.3K) | (88.5K) | |
| Depreciation And Amortization | 580.0K | 585.3K | 824.4K | 996.8K | 1.5M | 1.6M | |
| Interest Expense | 84.8K | 151.2K | 208.3K | 102.8K | 44.2K | 53.3K | |
| Income Before Tax | (726.5K) | (739.9K) | (3.3M) | (2.6M) | 1.1M | 1.1M | |
| Total Other Income Expense Net | (418.1K) | 255.2K | (200.1K) | (78.9K) | 61.1K | 68.6K | |
| Selling General Administrative | 722.8K | 580.3K | 1.6M | 1.6M | 1.4M | 736.4K | |
| Cost Of Revenue | 5.4M | 5.6M | 7.1M | 8.0M | 11.2M | 11.8M | |
| Interest Income | 33.0K | 1.7K | 146.0 | 88.9K | 85.5K | 100.3K | |
| Net Income Applicable To Common Shares | (609.6K) | (642.9K) | (3.2M) | 4.0M | 4.6M | 4.8M | |
| Net Interest Income | (51.8K) | (149.5K) | (208.2K) | (90.4K) | 41.3K | 43.4K | |
| Net Income From Continuing Ops | (726.5K) | (739.9K) | (3.3M) | 7.1M | 1.1M | 777.6K | |
| Reconciled Depreciation | 580.0K | 575.7K | 814.4K | 984.1K | 1.5M | 878.0K | |
| Minority Interest | 116.9K | 97.1K | 100.2K | 3.2M | 84.3K | 80.1K |
Pair Trading with Idaho Strategic
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 Idaho Strategic 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 Idaho Strategic will appreciate offsetting losses from the drop in the long position's value.Moving together with Idaho Stock
| 0.65 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Idaho Stock
The ability to find closely correlated positions to Idaho Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Idaho Strategic 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 Idaho Strategic - 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 Idaho Strategic Resources to buy it.
The correlation of Idaho Strategic 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 Idaho Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Idaho Strategic Resources 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 Idaho Strategic 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.Additional Tools for Idaho Stock Analysis
When running Idaho Strategic's price analysis, check to measure Idaho Strategic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Idaho Strategic is operating at the current time. Most of Idaho Strategic's value examination focuses on studying past and present price action to predict the probability of Idaho Strategic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Idaho Strategic's price. Additionally, you may evaluate how the addition of Idaho Strategic to your portfolios can decrease your overall portfolio volatility.