Morguard Historical Income Statement
| MRT-UN Stock | CAD 5.55 0.05 0.89% |
Historical analysis of Morguard Real income statement accounts such as Gross Profit of 117.1 M can show how well Morguard Real Estate performed in making a profits. Evaluating Morguard Real income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Morguard Real's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Morguard Real Estate 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 Morguard Real Estate is a good buy for the upcoming year.
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About Morguard Income Statement Analysis
Morguard Real Estate 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 Morguard Real shareholders. The income statement also shows Morguard 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).
Morguard Real Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Morguard Real Estate 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 Morguard Real Estate minus its cost of goods sold. It is profit before Morguard Real 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 Morguard Real Estate. It is also known as Morguard Real 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 Morguard Real's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Morguard Real Estate 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 Morguard Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Morguard Real's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 4 M, whereas Total Revenue is forecasted to decline to about 239.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 122.1M | 122.0M | 125.7M | 117.1M | Total Revenue | 241.4M | 242.6M | 255.1M | 239.3M |
Morguard Real income statement Correlations
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Morguard Real Account Relationship Matchups
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Morguard Real income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 127.5M | 133.7M | 123.2M | 124.3M | 133.0M | 139.7M | |
| Selling General Administrative | 4.3M | 3.6M | 3.8M | 3.5M | 3.6M | 4.0M | |
| Total Revenue | 273.1M | 253.8M | 241.4M | 242.6M | 255.1M | 239.3M | |
| Gross Profit | 150.0M | 123.8M | 122.1M | 122.0M | 125.7M | 117.1M | |
| Other Operating Expenses | 127.5M | 133.7M | 123.2M | 124.3M | 133.0M | 122.2M | |
| Operating Income | 145.0M | 117.0M | 117.2M | 114.8M | 118.5M | 136.6M | |
| Ebit | 17.7M | (16.6M) | (6.0M) | (9.3M) | (14.5M) | (13.8M) | |
| Ebitda | 145.1M | 117.1M | 117.3M | 114.9M | 118.5M | 146.1M | |
| Total Operating Expenses | 4.4M | 3.7M | 3.9M | 3.6M | 3.7M | 3.9M | |
| Net Income | (42.6M) | (410.7M) | (47.4M) | (138.1M) | (74.4M) | (70.7M) | |
| Income Tax Expense | 57.4M | 53.3M | 52.3M | 52.0M | 59.3M | 98.9M | |
| Interest Expense | 56.4M | 54.7M | 51.3M | 52.0M | 61.1M | 57.4M | |
| Cost Of Revenue | 123.1M | 130.0M | 119.3M | 120.6M | 129.3M | 127.3M | |
| Income Before Tax | 14.8M | (357.4M) | 4.9M | (86.1M) | (74.4M) | (70.7M) | |
| Total Other Income Expense Net | (130.2M) | (474.4M) | (112.3M) | (200.9M) | (133.7M) | (127.0M) | |
| Net Income From Continuing Ops | 14.8M | (357.4M) | 4.9M | (86.1M) | (74.4M) | (70.7M) | |
| Net Income Applicable To Common Shares | 14.8M | (357.4M) | 4.9M | (86.1M) | (77.5M) | (73.6M) | |
| Net Interest Income | (58.0M) | (56.4M) | (53.3M) | (53.5M) | (62.8M) | (66.0M) | |
| Research Development | 0.05 | 1.4 | 0.02 | 0.34 | 0.28 | 0.39 |
Pair Trading with Morguard Real
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 Morguard Real 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 Morguard Real will appreciate offsetting losses from the drop in the long position's value.Moving against Morguard Stock
The ability to find closely correlated positions to Morguard Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morguard Real 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 Morguard Real - 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 Morguard Real Estate to buy it.
The correlation of Morguard Real 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 Morguard Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morguard Real Estate 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 Morguard Real 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 Morguard Stock
Morguard Real Estate 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 Morguard Real shareholders. The income statement also shows Morguard 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).