West Historical Income Statement

WFG Stock

CAD 111.00 1.21 1.08%

Historical analysis of West Fraser income statement accounts such as Depreciation And Amortization of 881.7 M, Total Revenue of 3.6 B, Gross Profit of 1.2 B or Other Operating Expenses of 7.8 B can show how well West Fraser Timber performed in making a profits. Evaluating West Fraser income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of West Fraser's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining West Fraser Timber 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 West Fraser Timber is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Fraser Timber. 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.

About West Income Statement Analysis

West Fraser Timber 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 West Fraser shareholders. The income statement also shows West 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).

West Fraser Income Statement Chart

At this time, West Fraser's Net Interest Income is very stable compared to the past year.

Total Revenue Gross Profit Other Operating Expenses Ebitda

Total Revenue

Total revenue comprises all receipts West Fraser Timber 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 West Fraser Timber minus its cost of goods sold. It is profit before West Fraser 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 West Fraser Timber. It is also known as West Fraser 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 West Fraser's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into West Fraser Timber 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in West Fraser Timber. 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, West Fraser's Net Interest Income is very stable compared to the past year.

	2022	2023	2024	2025 (projected)
Total Revenue	9.7B	6.5B	6.2B	3.6B
Depreciation And Amortization	766.8M	730.2M	839.7M	881.7M

Total Revenue Depreciation And Amortization

West Fraser income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Tax Provision	Interest Income	Net Interest Income	Net Income From Continuing Ops	Reconciled Depreciation
Depreciation And Amortization		0.73	0.6	0.98	0.37	0.33	0.53	0.81	0.81	0.37	-0.54	0.36	0.3	0.46	0.81	0.9	0.35	-0.24	0.75	0.16	0.95
Total Revenue	0.73		0.95	0.75	0.81	0.8	0.9	0.93	0.29	0.82	-0.2	0.81	0.78	0.59	0.28	0.84	0.79	-0.39	0.23	0.67	0.86
Gross Profit	0.6	0.95		0.6	0.95	0.94	0.99	0.79	0.16	0.95	0.02	0.95	0.92	0.65	0.16	0.67	0.93	-0.43	0.01	0.85	0.74
Other Operating Expenses	0.98	0.75	0.6		0.37	0.33	0.53	0.83	0.81	0.37	-0.51	0.36	0.29	0.44	0.8	0.88	0.35	-0.29	0.71	0.15	0.92
Operating Income	0.37	0.81	0.95	0.37		1.0	0.98	0.55	-0.01	1.0	0.27	1.0	0.99	0.63	-0.01	0.43	0.99	-0.43	-0.25	0.96	0.52
Ebit	0.33	0.8	0.94	0.33	1.0		0.97	0.54	-0.08	1.0	0.26	1.0	0.99	0.61	-0.08	0.41	0.99	-0.4	-0.27	0.97	0.5
Ebitda	0.53	0.9	0.99	0.53	0.98	0.97		0.69	0.11	0.98	0.11	0.98	0.96	0.66	0.12	0.58	0.97	-0.41	-0.06	0.91	0.68
Cost Of Revenue	0.81	0.93	0.79	0.83	0.55	0.54	0.69		0.41	0.56	-0.44	0.56	0.52	0.46	0.4	0.93	0.53	-0.31	0.47	0.37	0.9
Total Operating Expenses	0.81	0.29	0.16	0.81	-0.01	-0.08	0.11	0.41		-0.03	-0.41	-0.04	-0.12	0.22	1.0	0.61	-0.02	-0.1	0.74	-0.2	0.63
Income Before Tax	0.37	0.82	0.95	0.37	1.0	1.0	0.98	0.56	-0.03		0.27	1.0	0.99	0.62	-0.02	0.43	0.99	-0.42	-0.24	0.96	0.53
Total Other Income Expense Net	-0.54	-0.2	0.02	-0.51	0.27	0.26	0.11	-0.44	-0.41	0.27		0.27	0.3	-0.19	-0.41	-0.48	0.3	-0.08	-0.73	0.42	-0.5
Net Income	0.36	0.81	0.95	0.36	1.0	1.0	0.98	0.56	-0.04	1.0	0.27		0.99	0.61	-0.04	0.43	0.99	-0.41	-0.25	0.96	0.52
Income Tax Expense	0.3	0.78	0.92	0.29	0.99	0.99	0.96	0.52	-0.12	0.99	0.3	0.99		0.6	-0.11	0.38	0.99	-0.43	-0.3	0.97	0.46
Interest Expense	0.46	0.59	0.65	0.44	0.63	0.61	0.66	0.46	0.22	0.62	-0.19	0.61	0.6		0.22	0.42	0.61	-0.59	-0.11	0.49	0.53
Selling General Administrative	0.81	0.28	0.16	0.8	-0.01	-0.08	0.12	0.4	1.0	-0.02	-0.41	-0.04	-0.11	0.22		0.61	-0.02	-0.08	0.75	-0.2	0.64
Selling And Marketing Expenses	0.9	0.84	0.67	0.88	0.43	0.41	0.58	0.93	0.61	0.43	-0.48	0.43	0.38	0.42	0.61		0.41	-0.17	0.65	0.24	0.96
Tax Provision	0.35	0.79	0.93	0.35	0.99	0.99	0.97	0.53	-0.02	0.99	0.3	0.99	0.99	0.61	-0.02	0.41		-0.46	-0.25	0.96	0.5
Interest Income	-0.24	-0.39	-0.43	-0.29	-0.43	-0.4	-0.41	-0.31	-0.1	-0.42	-0.08	-0.41	-0.43	-0.59	-0.08	-0.17	-0.46		0.23	-0.26	-0.2
Net Interest Income	0.75	0.23	0.01	0.71	-0.25	-0.27	-0.06	0.47	0.74	-0.24	-0.73	-0.25	-0.3	-0.11	0.75	0.65	-0.25	0.23		-0.39	0.64
Net Income From Continuing Ops	0.16	0.67	0.85	0.15	0.96	0.97	0.91	0.37	-0.2	0.96	0.42	0.96	0.97	0.49	-0.2	0.24	0.96	-0.26	-0.39		0.34
Reconciled Depreciation	0.95	0.86	0.74	0.92	0.52	0.5	0.68	0.9	0.63	0.53	-0.5	0.52	0.46	0.53	0.64	0.96	0.5	-0.2	0.64	0.34

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West Fraser Account Relationship Matchups

West Fraser income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	272M	732.2M	766.8M	730.2M	839.7M	881.7M
Total Revenue	4.6B	10.5B	9.7B	6.5B	6.2B	3.6B
Gross Profit	1.9B	5.9B	4.6B	1.8B	1.8B	1.2B
Other Operating Expenses	3.7B	6.6B	7.1B	6.5B	7.4B	7.8B
Operating Income	861.1M	3.9B	2.6B	(284M)	109M	103.6M
Ebit	807.1M	3.8B	2.5B	(118.2M)	(135.9M)	(129.1M)
Ebitda	1.1B	4.5B	3.2B	612M	703.8M	672.2M
Cost Of Revenue	2.7B	4.6B	5.1B	4.7B	4.3B	2.4B
Total Operating Expenses	1.0B	1.9B	1.9B	1.8B	6.1B	6.4B
Income Before Tax	817.2M	3.9B	2.6B	(228M)	38M	36.1M
Total Other Income Expense Net	(43.9M)	(47M)	34M	(274M)	(105M)	(99.8M)
Net Income	588M	2.9B	2.0B	(167M)	(5M)	(4.8M)
Income Tax Expense	208.6M	951M	618M	(61M)	(70.2M)	(66.6M)
Interest Expense	33.7M	33.7M	48M	24M	26M	27.6M
Selling General Administrative	202.3M	352M	370M	332M	1.1B	1.2B
Selling And Marketing Expenses	556.0M	846M	963M	894M	1.0B	635.2M
Tax Provision	266M	951M	618M	(61M)	43M	40.9M
Interest Income	17M	11M	44M	74M	63M	38.8M
Net Income Applicable To Common Shares	(150M)	588M	2.9B	2.0B	2.3B	2.4B
Net Income From Continuing Ops	776M	2.9B	2.0B	(167M)	(5M)	(4.8M)
Reconciled Depreciation	272M	584M	589M	540M	549M	448.3M

Pair Trading with West Fraser

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 West Fraser 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 West Fraser will appreciate offsetting losses from the drop in the long position's value.

Moving together with West Stock

0.7

Ivanhoe Energy

Pair Corr

Moving against West Stock

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0.67	ORE	Orezone Gold Corp	Pair Corr
0.66	VISA	Visa Inc CDR	Pair Corr
0.4	JPM	JPMorgan Chase	Pair Corr
0.38	GOOG	Alphabet CDR	Pair Corr

The ability to find closely correlated positions to West Fraser could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Fraser 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 West Fraser - 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 West Fraser Timber to buy it.

The correlation of West Fraser 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 West Fraser moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Fraser Timber 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 West Fraser 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.

Pair Correlation Correlation Matching

When determining whether West Fraser Timber is a strong investment it is important to analyze West Fraser's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact West Fraser's future performance. For an informed investment choice regarding West Stock, refer to the following important reports:

How To Invest In West

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Is West Stock a good investment?

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What is West Fraser's Net Worth?

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Largest Paper & Forest Products Companies

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Largest Lumber & Wood Production Companies

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You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Please note, there is a significant difference between West Fraser's value and its price as these two are different measures arrived at by different means. Investors typically determine if West Fraser is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, West Fraser's 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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West Historical Income Statement

About West Income Statement Analysis

West Fraser Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

West Fraser income statement Correlations

West Fraser Account Relationship Matchups

High Positive Relationship

High Negative Relationship

West Fraser income statement Accounts

Pair Trading with West Fraser

Moving together with West Stock

Moving against West Stock

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Ebit	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income
Net Income	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Ebit
Net Income	+ 1.0	Ebit
Selling General Administrative	+ 1.0	Total Operating Expenses

Net Interest Income	- 0.73	Total Other Income Expense Net
Interest Income	- 0.59	Interest Expense
Total Other Income Expense Net	- 0.54	Depreciation And Amortization
Total Other Income Expense Net	- 0.51	Other Operating Expenses
Reconciled Depreciation	- 0.5	Total Other Income Expense Net
Selling And Marketing Expenses	- 0.48	Total Other Income Expense Net