Edesa Gross Profit from 2010 to 2024

EDSA Stock  USD 4.36  0.04  0.91%   
Edesa Biotech's Gross Profit is decreasing over the years with stable fluctuation. Overall, Gross Profit is projected to go to about -156.9 K this year. Gross Profit is the profit Edesa Biotech makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals
 
Gross Profit  
First Reported
2010-03-31
Previous Quarter
-1.2 M
Current Value
-45 K
Quarterly Volatility
543.5 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Edesa Biotech financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Edesa main balance sheet or income statement drivers, such as Depreciation And Amortization of 200.4 K, Interest Expense of 993.4 K or Selling General Administrative of 3.6 M, as well as many exotic indicators such as Price To Sales Ratio of 2.1 K, Dividend Yield of 0.0 or PTB Ratio of 115. Edesa financial statements analysis is a perfect complement when working with Edesa Biotech Valuation or Volatility modules.
  
This module can also supplement various Edesa Biotech Technical models . Check out the analysis of Edesa Biotech Correlation against competitors.
For information on how to trade Edesa Stock refer to our How to Trade Edesa Stock guide.

Latest Edesa Biotech's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Edesa Biotech over the last few years. Gross profit is a required income statement account that reflects total revenue of Edesa Biotech minus its cost of goods sold. It is profit before Edesa Biotech operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Edesa Biotech's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Edesa Biotech's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 311.2 K10 Years Trend
Pretty Stable
   Gross Profit   
       Timeline  

Edesa Gross Profit Regression Statistics

Arithmetic Mean(46,652)
Coefficient Of Variation(526.06)
Mean Deviation191,412
Median(118,788)
Standard Deviation245,413
Sample Variance60.2B
Range856.9K
R-Value(0.22)
Mean Square Error61.8B
R-Squared0.05
Significance0.44
Slope(11,827)
Total Sum of Squares843.2B

Edesa Gross Profit History

2024-156.9 K
2023-165.1 K
2022-183.5 K
2021-118.2 K
2020-118.8 K
2019311.2 K
2018309.6 K

Other Fundumenentals of Edesa Biotech

Edesa Biotech Gross Profit component correlations

0.75-0.8-0.590.260.970.32-0.370.730.60.45-0.13-0.290.260.230.450.36-0.050.0-0.08
0.75-0.34-0.57-0.440.690.39-0.580.860.750.66-0.31-0.420.330.270.510.4-0.12-0.02-0.08
-0.8-0.340.28-0.59-0.83-0.140.1-0.45-0.19-0.04-0.070.04-0.15-0.07-0.09-0.110.12-0.090.06
-0.59-0.570.280.02-0.53-0.020.56-0.54-0.93-0.380.390.27-0.12-0.4-0.360.0-0.360.310.26
0.26-0.44-0.590.020.31-0.130.35-0.27-0.28-0.350.270.22-0.12-0.07-0.13-0.090.10.030.01
0.970.69-0.83-0.530.310.22-0.210.670.530.310.01-0.120.080.040.390.380.010.04-0.03
0.320.39-0.14-0.02-0.130.22-0.280.130.090.36-0.3-0.420.730.420.710.48-0.24-0.03-0.07
-0.37-0.580.10.560.35-0.21-0.28-0.61-0.57-0.760.750.79-0.64-0.73-0.240.070.430.330.35
0.730.86-0.45-0.54-0.270.670.13-0.610.660.71-0.43-0.470.330.280.150.08-0.32-0.03-0.05
0.60.75-0.19-0.93-0.280.530.09-0.570.660.46-0.37-0.290.110.330.430.120.36-0.24-0.16
0.450.66-0.04-0.38-0.350.310.36-0.760.710.46-0.62-0.850.650.60.270.08-0.52-0.13-0.16
-0.13-0.31-0.070.390.270.01-0.30.75-0.43-0.37-0.620.81-0.58-0.64-0.32-0.050.440.330.27
-0.29-0.420.040.270.22-0.12-0.420.79-0.47-0.29-0.850.81-0.76-0.78-0.35-0.050.620.350.25
0.260.33-0.15-0.12-0.120.080.73-0.640.330.110.65-0.58-0.760.810.28-0.09-0.57-0.27-0.21
0.230.27-0.07-0.4-0.070.040.42-0.730.280.330.6-0.64-0.780.810.26-0.26-0.37-0.63-0.45
0.450.51-0.09-0.36-0.130.390.71-0.240.150.430.27-0.32-0.350.280.260.80.12-0.17-0.13
0.360.4-0.110.0-0.090.380.480.070.080.120.08-0.05-0.05-0.09-0.260.80.040.30.09
-0.05-0.120.12-0.360.10.01-0.240.43-0.320.36-0.520.440.62-0.57-0.370.120.040.080.09
0.0-0.02-0.090.310.030.04-0.030.33-0.03-0.24-0.130.330.35-0.27-0.63-0.170.30.080.29
-0.08-0.080.060.260.01-0.03-0.070.35-0.05-0.16-0.160.270.25-0.21-0.45-0.130.090.090.29
Click cells to compare fundamentals

About Edesa Biotech Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Edesa Biotech income statement, its balance sheet, and the statement of cash flows. Edesa Biotech investors use historical funamental indicators, such as Edesa Biotech's Gross Profit, to determine how well the company is positioned to perform in the future. Although Edesa Biotech investors may use each financial statement separately, they are all related. The changes in Edesa Biotech's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Edesa Biotech'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. We offer a historical overview of the basic patterns found on Edesa Biotech Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Edesa Biotech. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Gross Profit-165.1 K-156.9 K
Gross Profit Margin(0.94)(0.89)

Pair Trading with Edesa Biotech

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 Edesa Biotech 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 Edesa Biotech will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Edesa Biotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edesa Biotech 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 Edesa Biotech - 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 Edesa Biotech to buy it.
The correlation of Edesa Biotech 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 Edesa Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edesa Biotech 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 Edesa Biotech 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
When determining whether Edesa Biotech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Edesa Biotech's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Edesa Biotech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Edesa Biotech Stock:
Check out the analysis of Edesa Biotech Correlation against competitors.
For information on how to trade Edesa Stock refer to our How to Trade Edesa Stock guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Edesa Biotech's price analysis, check to measure Edesa Biotech's 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 Edesa Biotech is operating at the current time. Most of Edesa Biotech's value examination focuses on studying past and present price action to predict the probability of Edesa Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edesa Biotech's price. Additionally, you may evaluate how the addition of Edesa Biotech to your portfolios can decrease your overall portfolio volatility.
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Is Edesa Biotech's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Edesa Biotech. If investors know Edesa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Edesa Biotech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(20.16)
Quarterly Revenue Growth
(1.00)
Return On Assets
(0.56)
Return On Equity
(0.96)
The market value of Edesa Biotech is measured differently than its book value, which is the value of Edesa that is recorded on the company's balance sheet. Investors also form their own opinion of Edesa Biotech's value that differs from its market value or its book value, called intrinsic value, which is Edesa Biotech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Edesa Biotech's market value can be influenced by many factors that don't directly affect Edesa Biotech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Edesa Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edesa Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edesa Biotech'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.