Largo Historical Income Statement
| LGO Stock | USD 2.17 0.10 4.83% |
Historical analysis of Largo Resources income statement accounts such as Depreciation And Amortization of 30.7 M can show how well Largo Resources performed in making a profits. Evaluating Largo Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Largo Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Largo 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 Largo Resources is a good buy for the upcoming year.
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About Largo Income Statement Analysis
Largo 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 Largo Resources shareholders. The income statement also shows Largo 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).
Largo Resources 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 Largo Resources. It is also known as Largo Resources 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.Total Revenue
Total revenue comprises all receipts Largo 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.Cost Of Revenue
Cost of Revenue is found on Largo Resources income statement and represents the costs associated with goods and services Largo Resources 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 Largo Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Largo 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo 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 price. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.At this time, Largo Resources' Other Operating Expenses is very stable compared to the past year. As of the 27th of November 2024, Total Operating Expenses is likely to grow to about 25.1 M, though Operating Income is likely to grow to (15.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 198.3M | 229.3M | 198.7M | 143.6M | Depreciation And Amortization | 22.5M | 23.3M | 29.3M | 30.7M |
Largo Resources income statement Correlations
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Largo Resources Account Relationship Matchups
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High Negative Relationship
Largo Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Operating Expenses | 115.5M | 102.2M | 161.6M | 213.2M | 218.9M | 229.8M | |
| Operating Income | (10.4M) | 18.8M | 37.0M | 17.0M | (16.6M) | (15.7M) | |
| Ebit | (10.4M) | 9.0M | 32.9M | 5.7M | (25.4M) | (24.2M) | |
| Ebitda | 13.9M | 26.5M | 55.4M | 29.0M | 3.8M | 3.6M | |
| Total Operating Expenses | 20.7M | 13.8M | 28.6M | 43.5M | 23.9M | 25.1M | |
| Income Before Tax | (23.9M) | 7.7M | 31.8M | 4.0M | (35.1M) | (33.3M) | |
| Total Other Income Expense Net | (13.5M) | 7.7M | (8.6M) | (12.9M) | (18.5M) | (17.6M) | |
| Net Income | (27.7M) | 6.8M | 22.6M | (2.2M) | (30.9M) | (29.4M) | |
| Income Tax Expense | 3.8M | 962K | 9.2M | 6.3M | (2.7M) | (2.6M) | |
| Depreciation And Amortization | 24.3M | 17.5M | 22.5M | 23.3M | 29.3M | 30.7M | |
| Total Revenue | 107.2M | 120.0M | 198.3M | 229.3M | 198.7M | 143.6M | |
| Gross Profit | 12.4M | 31.6M | 65.3M | 59.5M | 11.7M | 11.1M | |
| Cost Of Revenue | 94.8M | 88.4M | 133.0M | 169.7M | 187.0M | 97.4M | |
| Interest Expense | 6.9M | 1.1M | 981K | 1.5M | 9.6M | 7.2M | |
| Selling General Administrative | 16.5M | 12.3M | 25.5M | 34.1M | 34.5M | 36.2M | |
| Tax Provision | 3.8M | 962K | 9.2M | 6.3M | (1.2M) | (1.1M) | |
| Net Interest Income | (9.0M) | (151K) | (725K) | (537K) | (4.3M) | (4.6M) | |
| Net Income From Continuing Ops | (27.7M) | 6.8M | 22.6M | (2.2M) | (34.7M) | (33.0M) | |
| Reconciled Depreciation | 24.3M | 17.5M | 22.5M | 23.3M | 28.6M | 26.0M | |
| Net Income Applicable To Common Shares | (27.0M) | 6.8M | 22.6M | (1.5M) | (1.3M) | (1.2M) | |
| Interest Income | 5.0M | 1.1M | 403K | 1.1M | 2.0M | 1.4M |
Pair Trading with Largo Resources
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 Largo Resources 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 Largo Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Largo Stock
Moving against Largo Stock
The ability to find closely correlated positions to Largo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Largo Resources 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 Largo Resources - 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 Largo Resources to buy it.
The correlation of Largo Resources 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 Largo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Largo 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 Largo Resources 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo 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 price. To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Largo Resources. If investors know Largo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Largo Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.153 | Earnings Share (0.76) | Revenue Per Share 2.26 | Quarterly Revenue Growth (0.32) | Return On Assets (0.08) |
The market value of Largo Resources is measured differently than its book value, which is the value of Largo that is recorded on the company's balance sheet. Investors also form their own opinion of Largo Resources' value that differs from its market value or its book value, called intrinsic value, which is Largo Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Largo Resources' market value can be influenced by many factors that don't directly affect Largo Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Largo Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Largo Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Largo Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.