Royal Historical Income Statement
| MNT Stock | CAD 38.03 0.02 0.05% |
Historical analysis of Royal Canadian income statement accounts such as Selling And Marketing Expenses of 68.4 M can show how well Royal Canadian Mint performed in making a profits. Evaluating Royal Canadian income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Royal Canadian's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Royal Canadian Mint 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 Royal Canadian Mint is a good buy for the upcoming year.
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About Royal Income Statement Analysis
Royal Canadian Mint 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 Royal Canadian shareholders. The income statement also shows Royal 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).
Royal Canadian Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Royal Canadian Mint 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 Royal Canadian Mint minus its cost of goods sold. It is profit before Royal Canadian 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.Most accounts from Royal Canadian's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Royal Canadian Mint 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 Royal Canadian Mint. 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, Royal Canadian's Total Other Income Expense Net is very stable compared to the past year. As of the 26th of November 2024, Interest Income is likely to grow to about 739.9 K, while Depreciation And Amortization is likely to drop about 448 K.
| 2020 | 2021 | 2023 | 2024 (projected) | Gross Profit | 143.7M | 179.4M | 161.5M | 131.0M | Total Revenue | 2.5B | 3.6B | 3.2B | 2.0B |
Royal Canadian income statement Correlations
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Royal Canadian Account Relationship Matchups
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Royal Canadian income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 3.7M | 1.8M | 4.1M | 2.6M | 3.0M | 1.9M | |
| Selling General Administrative | 82.1M | 81.7M | 85.3M | 101.6M | 116.8M | 96.0M | |
| Total Revenue | 1.4B | 1.5B | 2.5B | 3.6B | 3.2B | 2.0B | |
| Gross Profit | 135.5M | 142.7M | 143.7M | 179.4M | 161.5M | 131.0M | |
| Operating Income | 44.4M | 46.5M | 49.3M | 71.2M | 81.9M | 47.5M | |
| Cost Of Revenue | 1.3B | 1.3B | 2.4B | 3.4B | 3.0B | 1.9B | |
| Income Before Tax | 46.8M | 47.1M | 50.3M | 71.8M | 82.6M | 48.6M | |
| Net Income | 35.1M | 34.8M | 37.7M | 53.7M | 61.8M | 36.2M | |
| Tax Provision | 11.7M | 12.3M | 12.6M | 18.1M | 20.8M | 12.2M | |
| Interest Income | 1.9M | 318K | 970K | 539K | 485.1K | 739.9K | |
| Net Income Applicable To Common Shares | 35.1M | 34.8M | 37.7M | 53.7M | 61.8M | 36.1M |
Pair Trading with Royal Canadian
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 Royal Canadian 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 Royal Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Royal Stock
The ability to find closely correlated positions to Royal Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Royal Canadian 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 Royal Canadian - 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 Royal Canadian Mint to buy it.
The correlation of Royal Canadian 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 Royal Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royal Canadian Mint 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 Royal Canadian 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 Royal Stock
Royal Canadian Mint 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 Royal Canadian shareholders. The income statement also shows Royal 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).