Enthusiast Gaming Net Income vs. Gross Profit

EGLX Stock  CAD 0.14  0.01  6.67%   
Considering the key profitability indicators obtained from Enthusiast Gaming's historical financial statements, Enthusiast Gaming Holdings may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Enthusiast Gaming's ability to earn profits and add value for shareholders.
 
Net Loss  
First Reported
2018-09-30
Previous Quarter
-2.3 M
Current Value
-3.4 M
Quarterly Volatility
17 M
 
Covid
At this time, Enthusiast Gaming's Days Sales Outstanding is very stable compared to the past year. As of the 11th of December 2024, Days Of Sales Outstanding is likely to grow to 117.94, while Price To Sales Ratio is likely to drop 0.23. At this time, Enthusiast Gaming's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 11th of December 2024, Net Income Per E B T is likely to grow to 1.07, while Operating Income is likely to drop (36.8 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.250.3784
Way Down
Slightly volatile
For Enthusiast Gaming profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Enthusiast Gaming to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Enthusiast Gaming Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Enthusiast Gaming's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Enthusiast Gaming Holdings over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Enthusiast Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enthusiast Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enthusiast Gaming'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.

Enthusiast Gaming Gross Profit vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Enthusiast Gaming's current stock value. Our valuation model uses many indicators to compare Enthusiast Gaming value to that of its competitors to determine the firm's financial worth.
Enthusiast Gaming Holdings is one of the top stocks in net income category among its peers. It also is one of the top stocks in gross profit category among its peers . Enthusiast Gaming reported last year Net Loss of (117.67 Million). Comparative valuation analysis is a catch-all model that can be used if you cannot value Enthusiast Gaming by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Enthusiast Gaming's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Enthusiast Gross Profit vs. Net Income

Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Enthusiast Gaming

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
(117.67 M)
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Enthusiast Gaming

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
63.46 M
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Enthusiast Gross Profit Comparison

Enthusiast Gaming is currently under evaluation in gross profit category among its peers.

Enthusiast Gaming Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Enthusiast Gaming, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Enthusiast Gaming will eventually generate negative long term returns. The profitability progress is the general direction of Enthusiast Gaming's change in net profit over the period of time. It can combine multiple indicators of Enthusiast Gaming, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income7.2 M7.6 M
Operating Income-35.1 M-36.8 M
Income Before Tax-128.3 M-121.9 M
Total Other Income Expense Net-93.2 M-88.6 M
Net Loss-69.1 M-65.7 M
Net Loss-117.7 M-111.8 M
Income Tax Expense-10.2 M-9.7 M
Net Interest Income-3.2 M-3.4 M
Interest Income32.6 K31 K
Net Loss-69.1 M-72.6 M
Change To Netincome39.7 M27.4 M
Net Loss(0.77)(0.81)
Income Quality 0.02  0.02 
Net Income Per E B T 0.92  1.07 

Enthusiast Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Enthusiast Gaming. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Enthusiast Gaming position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Enthusiast Gaming's important profitability drivers and their relationship over time.

Use Enthusiast Gaming in pair-trading

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 Enthusiast Gaming 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 Enthusiast Gaming will appreciate offsetting losses from the drop in the long position's value.

Enthusiast Gaming Pair Trading

Enthusiast Gaming Holdings Pair Trading Analysis

The ability to find closely correlated positions to Enthusiast Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enthusiast Gaming 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 Enthusiast Gaming - 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 Enthusiast Gaming Holdings to buy it.
The correlation of Enthusiast Gaming 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 Enthusiast Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enthusiast Gaming 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 Enthusiast Gaming 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 CorrelationCorrelation Matching

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Video Games
Video Games Theme
Companies that are involved in the building and marketing of video games or gaming software. The Video Games theme has 24 constituents at this time.
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Other Information on Investing in Enthusiast Stock

To fully project Enthusiast Gaming's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Enthusiast Gaming at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Enthusiast Gaming's income statement, its balance sheet, and the statement of cash flows.
Potential Enthusiast Gaming investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Enthusiast Gaming investors may work on each financial statement separately, they are all related. The changes in Enthusiast Gaming's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Enthusiast Gaming's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.