Winpak Historical Income Statement
| WPK Stock | CAD 50.54 1.15 2.33% |
Historical analysis of Winpak income statement accounts such as Depreciation And Amortization of 27.3 M, Interest Expense of 1.3 M, Total Revenue of 585.9 M or Gross Profit of 350.9 M can show how well Winpak performed in making a profits. Evaluating Winpak income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Winpak's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Winpak 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 Winpak is a good buy for the upcoming year.
Winpak |
About Winpak Income Statement Analysis
Winpak 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 Winpak shareholders. The income statement also shows Winpak 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).
Winpak Income Statement Chart
Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Winpak. It is also known as Winpak 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 Winpak's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Winpak 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 Winpak. 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, Winpak's Net Income is very stable compared to the past year. As of the 26th of November 2024, Income Tax Expense is likely to grow to about 54.8 M, while Depreciation And Amortization is likely to drop about 27.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 287K | 5.5M | 24.4M | 25.6M | Tax Provision | 35.3M | 45.9M | 52.2M | 47.4M |
Winpak income statement Correlations
Click cells to compare fundamentals
Winpak Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Winpak income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 45.1M | 46.3M | 47.3M | 49.4M | 49.5M | 27.3M | |
| Interest Expense | 523K | 783K | 819K | 769K | 884K | 1.3M | |
| Total Revenue | 873.8M | 852.5M | 1.0B | 1.2B | 1.1B | 585.9M | |
| Gross Profit | 273.6M | 263.6M | 274.4M | 331.8M | 334.2M | 350.9M | |
| Other Operating Expenses | 718.9M | 705.7M | 860.8M | 1.0B | 961.9M | 532.3M | |
| Operating Income | 155.0M | 146.8M | 142.4M | 172.3M | 180.7M | 189.7M | |
| Ebit | 163.5M | 150.0M | 142.1M | 182.4M | 203.6M | 213.8M | |
| Research Development | 16.9M | 16.5M | 17.8M | 18.2M | 20.3M | 12.5M | |
| Ebitda | 208.6M | 196.3M | 189.3M | 231.8M | 253.1M | 265.8M | |
| Cost Of Revenue | 600.3M | 588.9M | 727.5M | 849.4M | 807.3M | 421.6M | |
| Total Operating Expenses | 118.6M | 116.8M | 133.3M | 155.8M | 154.7M | 79.0M | |
| Income Before Tax | 159.8M | 147.7M | 141.6M | 174.1M | 199.8M | 209.8M | |
| Total Other Income Expense Net | 4.8M | 955K | (825K) | 1.8M | (3.2M) | (3.0M) | |
| Net Income | 114.8M | 106.3M | 103.8M | 128.3M | 148.1M | 155.5M | |
| Income Tax Expense | 41.7M | 38.8M | 35.3M | 45.9M | 52.2M | 54.8M | |
| Selling General Administrative | 34.0M | 32.4M | 31.6M | 42.2M | 41.2M | 33.0M | |
| Selling And Marketing Expenses | 67.7M | 67.9M | 83.8M | 95.4M | 93.2M | 75.7M | |
| Net Income From Continuing Ops | 118.1M | 108.9M | 106.3M | 128.2M | 147.6M | 120.5M | |
| Net Income Applicable To Common Shares | 114.8M | 106.3M | 103.8M | 128.3M | 147.6M | 113.8M | |
| Minority Interest | 31.0M | 33.6M | (2.5M) | 118K | 537K | 510.2K | |
| Tax Provision | 41.7M | 38.8M | 35.3M | 45.9M | 52.2M | 47.4M | |
| Interest Income | 8.2M | 3.2M | 287K | 5.5M | 24.4M | 25.6M | |
| Net Interest Income | 4.8M | 955K | 94K | 5.6M | 23.5M | 24.7M | |
| Reconciled Depreciation | 45.1M | 46.3M | 47.3M | 49.4M | 49.5M | 50.0M |
Pair Trading with Winpak
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 Winpak 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 Winpak will appreciate offsetting losses from the drop in the long position's value.Moving together with Winpak Stock
| 0.62 | AG | First Majestic Silver | PairCorr |
| 0.86 | IE | Ivanhoe Energy | PairCorr |
| 0.77 | FDY | Faraday Copper Corp | PairCorr |
Moving against Winpak Stock
The ability to find closely correlated positions to Winpak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Winpak 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 Winpak - 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 Winpak to buy it.
The correlation of Winpak 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 Winpak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Winpak 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 Winpak 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 Winpak Stock
Winpak 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 Winpak shareholders. The income statement also shows Winpak 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).