Torq Historical Income Statement

Stocks . Canada . 
Stock . Torq Resources
TORQ Stock  CAD 0.06  0.01  14.29%   
Historical analysis of Torq Resources income statement accounts such as Total Operating Expenses of 19.3 M, Income Tax Expense of 5.3 K, Selling General Administrative of 5.4 M or Cost Of Revenue of 329.7 K can show how well Torq Resources performed in making a profits. Evaluating Torq Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Torq Resources's future profits or losses.
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Financial Statement Analysis is much more than just reviewing and examining Torq 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 Torq Resources is a good buy for the upcoming year.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torq 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 producer price index.

About Torq Income Statement Analysis

Torq 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 Torq Resources shareholders. The income statement also shows Torq 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).
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Torq Resources Income Statement Chart

At this time, Torq Resources' Reconciled Depreciation is fairly stable compared to the past year.
Other Operating Expenses  Total Operating Expenses  Selling General Administrative  Non Recurring  
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Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Torq Resources. It is also known as Torq 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.
Most accounts from Torq Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Torq 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 Torq 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 producer price index.
At this time, Torq Resources' Reconciled Depreciation is fairly stable compared to the past year.

Torq Resources income statement Correlations

Depreciation And Amortization
Interest Expense
Gross Profit
Other Operating Expenses
Operating Income
Ebit
Ebitda
Total Operating Expenses
Net Income
Income Tax Expense
Income Before Tax
Total Other Income Expense Net
Selling General Administrative
Net Income From Continuing Ops
Cost Of Revenue
Non Recurring
Selling And Marketing Expenses
Net Interest Income
Interest Income
Depreciation And Amortization
0.13-0.160.15-0.15-0.150.430.150.4-0.040.4-1.00.11-0.20.160.290.20.050.23
Interest Expense
0.13-0.10.95-0.94-0.94-0.790.95-0.80.04-0.8-0.140.87-0.940.110.550.82-0.680.62
Gross Profit
-0.16-0.1-0.150.150.150.03-0.150.09-0.290.090.25-0.290.21-1.0-0.46-0.07-0.31-0.44
Other Operating Expenses
0.150.95-0.15-1.0-1.0-0.831.0-0.840.09-0.84-0.160.96-0.990.160.710.95-0.550.69
Operating Income
-0.15-0.940.15-1.01.00.83-1.00.84-0.090.840.16-0.961.0-0.17-0.71-0.950.54-0.71
Ebit
-0.15-0.940.15-1.01.00.83-1.00.84-0.090.840.16-0.961.0-0.17-0.71-0.950.54-0.71
Ebitda
0.43-0.790.03-0.830.830.83-0.831.0-0.071.0-0.42-0.810.8-0.04-0.48-0.760.55-0.5
Total Operating Expenses
0.150.95-0.151.0-1.0-1.0-0.83-0.840.09-0.84-0.160.96-0.990.170.710.95-0.550.69
Net Income
0.4-0.80.09-0.840.840.841.0-0.84-0.121.0-0.39-0.830.82-0.11-0.51-0.760.53-0.54
Income Tax Expense
-0.040.04-0.290.09-0.09-0.09-0.070.09-0.12-0.12-0.010.08-0.120.290.040.10.160.19
Income Before Tax
0.4-0.80.09-0.840.840.841.0-0.841.0-0.12-0.39-0.830.82-0.1-0.5-0.760.53-0.53
Total Other Income Expense Net
-1.0-0.140.25-0.160.160.16-0.42-0.16-0.39-0.01-0.39-0.130.21-0.25-0.32-0.2-0.08-0.26
Selling General Administrative
0.110.87-0.290.96-0.96-0.96-0.810.96-0.830.08-0.83-0.13-0.950.30.80.91-0.410.72
Net Income From Continuing Ops
-0.2-0.940.21-0.991.01.00.8-0.990.82-0.120.820.21-0.95-0.22-0.74-0.950.52-0.72
Cost Of Revenue
0.160.11-1.00.16-0.17-0.17-0.040.17-0.110.29-0.1-0.250.3-0.220.460.090.30.44
Non Recurring
0.290.55-0.460.71-0.71-0.71-0.480.71-0.510.04-0.5-0.320.8-0.740.460.750.090.81
Selling And Marketing Expenses
0.20.82-0.070.95-0.95-0.95-0.760.95-0.760.1-0.76-0.20.91-0.950.090.75-0.460.62
Net Interest Income
0.05-0.68-0.31-0.550.540.540.55-0.550.530.160.53-0.08-0.410.520.30.09-0.460.1
Interest Income
0.230.62-0.440.69-0.71-0.71-0.50.69-0.540.19-0.53-0.260.72-0.720.440.810.620.1
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Torq Resources Account Relationship Matchups

High Positive Relationship

Total Operating Expenses
+ 1.0
Other Operating Expenses
Ebit
+ 1.0
Operating Income
Net Income From Continuing Ops
+ 1.0
Operating Income
Net Income From Continuing Ops
+ 1.0
Ebit
Net Income
+ 1.0
Ebitda
Income Before Tax
+ 1.0
Ebitda

High Negative Relationship

Total Operating Expenses
- 1.0
Ebit
Total Operating Expenses
- 1.0
Operating Income
Ebit
- 1.0
Other Operating Expenses
Operating Income
- 1.0
Other Operating Expenses
Cost Of Revenue
- 1.0
Gross Profit
Total Other Income Expense Net
- 1.0
Depreciation And Amortization

Torq Resources income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization171.9K206.3K32.7K181.7K282.9K297.0K
Gross Profit(1.2M)(702.2K)(32.7K)(181.7K)(282.9K)(297.0K)
Other Operating Expenses1.9M2.1M6.4M11.9M18.7M19.6M
Operating Income(1.9M)(2.1M)(6.3M)(11.7M)(18.7M)(17.8M)
Ebit(1.9M)(2.1M)(6.3M)(11.7M)(18.7M)(17.8M)
Ebitda(1.8M)(2.1M)(6.3M)(11.5M)(18.4M)(17.5M)
Total Operating Expenses1.9M2.1M6.4M11.9M18.4M19.3M
Net Income(1.7M)(2.1M)(6.5M)(11.7M)(19.2M)(18.3M)
Income Tax Expense(312.5K)(267.3K)65.7K(159.5K)5.0K5.3K
Income Before Tax(1.7M)(2.1M)(6.5M)(11.9M)(19.2M)(18.2M)
Total Other Income Expense Net(36.6K)(23.7K)(105.0K)2.5K(505.4K)(480.1K)
Selling General Administrative1.4M1.5M2.8M3.1M5.2M5.4M
Net Income From Continuing Ops(1.7M)(2.1M)(6.5M)(11.7M)(19.2M)(18.3M)
Cost Of Revenue1.2M702.2K32.7K181.7K282.9K329.7K
Net Income Applicable To Common Shares(1.7M)(2.1M)(6.5M)(11.7M)(10.5M)(10.0M)
Net Interest Income245.4K84.7K39.3K18.2K(168.2K)(159.8K)
Interest Income245.4K84.7K39.3K195.7K374.6K189.5K

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Additional Tools for Torq Stock Analysis

When running Torq Resources' price analysis, check to measure Torq Resources' 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 Torq Resources is operating at the current time. Most of Torq Resources' value examination focuses on studying past and present price action to predict the probability of Torq Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torq Resources' price. Additionally, you may evaluate how the addition of Torq Resources to your portfolios can decrease your overall portfolio volatility.
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