Skeena Historical Income Statement
| SKE Stock | CAD 13.06 0.09 0.69% |
Historical analysis of Skeena Resources income statement accounts such as Total Operating Expenses of 119 M, Total Other Income Expense Net of 6.4 M, Research Development of 0.0 or Cost Of Revenue of 2.5 M can show how well Skeena Resources performed in making a profits. Evaluating Skeena Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Skeena Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Skeena 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 Skeena Resources is a good buy for the upcoming year.
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About Skeena Income Statement Analysis
Skeena 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 Skeena Resources shareholders. The income statement also shows Skeena 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).
Skeena 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 Skeena Resources. It is also known as Skeena 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.Cost Of Revenue
Cost of Revenue is found on Skeena Resources income statement and represents the costs associated with goods and services Skeena 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 Skeena Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Skeena 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena 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 board of governors. To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.At this time, Skeena Resources' Net Interest Income is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 176K | 1.4M | 1.6M | 1.7M | Cost Of Revenue | 320K | 289K | 2.4M | 2.5M |
Skeena Resources income statement Correlations
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Skeena Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Skeena Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 401.6K | 623.5K | 2.0M | 1.9M | 2.4M | 2.5M | |
| Interest Expense | 134.7K | 151.8K | 158K | 34.6M | 339K | 322.1K | |
| Selling General Administrative | 4.2M | 9.1M | 22.8M | 20.6M | 6.0M | 4.0M | |
| Other Operating Expenses | 17.5M | 80.0M | 130.6M | 113.0M | 115.7M | 121.5M | |
| Operating Income | (15.6M) | (68.5M) | (130.6M) | (123.5M) | (115.7M) | (109.9M) | |
| Ebit | (15.6M) | (68.5M) | (130.6M) | (123.5M) | (115.7M) | (109.9M) | |
| Ebitda | (15.2M) | (67.9M) | (128.6M) | (121.6M) | (113.3M) | (107.6M) | |
| Total Operating Expenses | 17.1M | 79.7M | 130.3M | 112.8M | 113.3M | 119.0M | |
| Income Before Tax | (27.1M) | (60.3M) | (117.6M) | (88.9M) | (109.6M) | (104.1M) | |
| Total Other Income Expense Net | (11.5M) | 8.2M | 13.0M | 34.6M | 6.1M | 6.4M | |
| Net Income | (29.1M) | (71.4M) | (117.4M) | (54.3M) | (109.0M) | (103.5M) | |
| Income Tax Expense | 2.0M | 11.1M | (176K) | (34.6M) | (644K) | (676.2K) | |
| Gross Profit | (376.5K) | (377.2K) | (320K) | (289K) | (2.4M) | (2.3M) | |
| Cost Of Revenue | 376.5K | 377.2K | 320K | 289K | 2.4M | 2.5M | |
| Interest Income | 1.7M | 394.7K | 176K | 1.4M | 1.6M | 1.7M | |
| Net Income Applicable To Common Shares | (27.1M) | (60.3M) | (117.6M) | (88.9M) | (80.0M) | (76.0M) | |
| Net Interest Income | (64.5K) | 394.7K | 228K | 361K | 1.6M | 1.7M | |
| Net Income From Continuing Ops | (27.1M) | (60.3M) | (117.6M) | (88.9M) | (92.4M) | (87.8M) | |
| Reconciled Depreciation | 376.5K | 613.1K | 2.0M | 1.9M | 2.1M | 1.2M |
Pair Trading with Skeena 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 Skeena 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 Skeena Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Skeena Stock
| 0.86 | AG | First Majestic Silver | PairCorr |
| 0.74 | IE | Ivanhoe Energy | PairCorr |
| 0.66 | FDY | Faraday Copper Corp | PairCorr |
Moving against Skeena Stock
The ability to find closely correlated positions to Skeena 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 Skeena 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 Skeena 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 Skeena Resources to buy it.
The correlation of Skeena 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 Skeena Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skeena 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 Skeena 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena 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 board of governors. To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.