Cargojet Historical Income Statement

CJT Stock

CAD 110.44 1.58 1.41%

Historical analysis of Cargojet income statement accounts such as Interest Expense of 59.6 M, Selling General Administrative of 41.2 M or Total Revenue of 921.4 M can show how well Cargojet performed in making a profits. Evaluating Cargojet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cargojet'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 Cargojet 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 Cargojet is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About Cargojet Income Statement Analysis

Cargojet 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 Cargojet shareholders. The income statement also shows Cargojet 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).

Cargojet Income Statement Chart

Cargojet Income Statement is one of the three primary financial statements used for reporting Cargojet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cargojet revenue and expense. Cargojet Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Cargojet's Cost Of Revenue is very stable compared to the past year. As of the 19th of April 2024, Total Operating Expenses is likely to grow to about 853.4 M, while Selling General Administrative is likely to drop about 41.2 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Cargojet 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 Cargojet minus its cost of goods sold. It is profit before Cargojet 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 Cargojet. It is also known as Cargojet 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 Cargojet's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cargojet 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Gross Profit	230.9M	247.5M	138.1M	94.1M
Total Revenue	757.8M	979.9M	877.5M	921.4M

Gross Profit Total Revenue

Cargojet income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Net Income	Income Tax Expense	Selling And Marketing Expenses	Total Other Income Expense Net	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Reconciled Depreciation	Interest Income
Depreciation And Amortization		0.91	0.76	0.98	0.73	0.99	0.68	0.97	0.99	0.98	0.74	0.53	0.44	0.89	0.58	0.21	0.46	0.75	-0.74	0.91	-0.66
Interest Expense	0.91		0.78	0.86	0.62	0.89	0.53	0.83	0.87	0.87	0.73	0.26	0.17	0.76	0.71	0.03	0.19	0.62	-0.75	0.77	-0.65
Selling General Administrative	0.76	0.78		0.8	0.9	0.7	0.83	0.77	0.77	0.71	0.3	0.34	0.2	0.81	0.88	-0.35	0.19	0.86	-0.38	0.71	-0.13
Total Revenue	0.98	0.86	0.8		0.81	0.97	0.78	0.97	0.98	0.98	0.64	0.62	0.53	0.9	0.59	0.19	0.54	0.81	-0.62	0.88	-0.55
Gross Profit	0.73	0.62	0.9	0.81		0.66	0.99	0.8	0.78	0.7	0.14	0.63	0.48	0.85	0.66	-0.21	0.48	0.96	-0.18	0.66	-0.03
Other Operating Expenses	0.99	0.89	0.7	0.97	0.66		0.61	0.95	0.97	1.0	0.79	0.51	0.44	0.85	0.54	0.29	0.46	0.68	-0.76	0.9	-0.71
Operating Income	0.68	0.53	0.83	0.78	0.99	0.61		0.77	0.74	0.66	0.07	0.7	0.56	0.82	0.54	-0.16	0.56	0.95	-0.1	0.6	0.02
Ebit	0.97	0.83	0.77	0.97	0.8	0.95	0.77		0.99	0.95	0.69	0.56	0.45	0.96	0.54	0.13	0.47	0.84	-0.65	0.89	-0.6
Ebitda	0.99	0.87	0.77	0.98	0.78	0.97	0.74	0.99		0.97	0.72	0.55	0.45	0.94	0.56	0.17	0.47	0.81	-0.69	0.9	-0.63
Cost Of Revenue	0.98	0.87	0.71	0.98	0.7	1.0	0.66	0.95	0.97		0.74	0.58	0.51	0.85	0.53	0.31	0.53	0.7	-0.7	0.9	-0.66
Total Operating Expenses	0.74	0.73	0.3	0.64	0.14	0.79	0.07	0.69	0.72	0.74		0.06	0.04	0.58	0.27	0.36	0.07	0.24	-0.91	0.72	-0.95
Income Before Tax	0.53	0.26	0.34	0.62	0.63	0.51	0.7	0.56	0.55	0.58	0.06		0.98	0.45	0.0	0.55	0.98	0.51	-0.03	0.52	-0.01
Net Income	0.44	0.17	0.2	0.53	0.48	0.44	0.56	0.45	0.45	0.51	0.04	0.98		0.31	-0.12	0.67	1.0	0.35	-0.01	0.45	-0.01
Income Tax Expense	0.89	0.76	0.81	0.9	0.85	0.85	0.82	0.96	0.94	0.85	0.58	0.45	0.31		0.59	-0.1	0.33	0.92	-0.56	0.82	-0.49
Selling And Marketing Expenses	0.58	0.71	0.88	0.59	0.66	0.54	0.54	0.54	0.56	0.53	0.27	0.0	-0.12	0.59		-0.49	-0.13	0.62	-0.38	0.53	-0.12
Total Other Income Expense Net	0.21	0.03	-0.35	0.19	-0.21	0.29	-0.16	0.13	0.17	0.31	0.36	0.55	0.67	-0.1	-0.49		0.68	-0.29	-0.26	0.28	-0.38
Net Income From Continuing Ops	0.46	0.19	0.19	0.54	0.48	0.46	0.56	0.47	0.47	0.53	0.07	0.98	1.0	0.33	-0.13	0.68		0.35	-0.03	0.46	-0.05
Tax Provision	0.75	0.62	0.86	0.81	0.96	0.68	0.95	0.84	0.81	0.7	0.24	0.51	0.35	0.92	0.62	-0.29	0.35		-0.26	0.64	-0.17
Net Interest Income	-0.74	-0.75	-0.38	-0.62	-0.18	-0.76	-0.1	-0.65	-0.69	-0.7	-0.91	-0.03	-0.01	-0.56	-0.38	-0.26	-0.03	-0.26		-0.77	0.83
Reconciled Depreciation	0.91	0.77	0.71	0.88	0.66	0.9	0.6	0.89	0.9	0.9	0.72	0.52	0.45	0.82	0.53	0.28	0.46	0.64	-0.77		-0.54
Interest Income	-0.66	-0.65	-0.13	-0.55	-0.03	-0.71	0.02	-0.6	-0.63	-0.66	-0.95	-0.01	-0.01	-0.49	-0.12	-0.38	-0.05	-0.17	0.83	-0.54

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Cargojet Account Relationship Matchups

Cargojet income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	94M	109.1M	123.7M	153.7M	176.8M	185.6M
Interest Expense	43.6M	39.6M	30.9M	33.6M	56.8M	59.6M
Selling General Administrative	57.7M	91.5M	55.9M	70.1M	71.4M	41.2M
Total Revenue	486.6M	668.5M	757.8M	979.9M	877.5M	921.4M
Gross Profit	119.2M	250.5M	230.9M	247.5M	138.1M	94.1M
Other Operating Expenses	430M	515.7M	585.7M	807.4M	928.5M	974.9M
Operating Income	56.6M	156.9M	172.1M	170.5M	64.7M	48.4M
Ebitda	150.6M	266M	295.8M	324.2M	372.8M	391.5M
Cost Of Revenue	367.4M	418M	526.9M	732.4M	739.4M	776.4M
Total Operating Expenses	62.6M	97.7M	58.8M	75M	812.8M	853.4M
Income Before Tax	20.8M	(43.8M)	200.8M	220M	51.7M	30.3M
Net Income	11.6M	(87.8M)	167.4M	190.6M	37.3M	21.4M
Income Tax Expense	9.2M	44M	33.4M	29.4M	33.8M	35.5M
Selling And Marketing Expenses	2.9M	4.2M	800K	2.7M	3.1M	1.7M
Total Other Income Expense Net	(35.8M)	(200.7M)	28.7M	49.5M	44M	46.2M
Net Income From Continuing Ops	11.6M	(87.8M)	167.4M	190.6M	37.3M	34.1M
Net Income Applicable To Common Shares	11.6M	(87.8M)	167.4M	190.6M	219.2M	230.1M
Tax Provision	9.2M	44M	33.4M	29.4M	14.4M	17.9M
Net Interest Income	(43.6M)	(35.5M)	(30.9M)	(33.6M)	(56.8M)	(54.0M)
Reconciled Depreciation	94M	109.1M	123.7M	153.7M	221M	128.4M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cargojet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cargojet's short interest history, or implied volatility extrapolated from Cargojet options trading.

Pair Trading with Cargojet

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

Moving together with Cargojet Stock

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Pair Corr

Moving against Cargojet Stock

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

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

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Complementary Tools for Cargojet Stock analysis

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

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

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Cargojet Historical Income Statement

About Cargojet Income Statement Analysis

Cargojet Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cargojet income statement Correlations

Cargojet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cargojet income statement Accounts

Pair Trading with Cargojet

Moving together with Cargojet Stock

Moving against Cargojet Stock

Complementary Tools for Cargojet Stock analysis

COMMON DESTINATIONS

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Cost Of Revenue	+ 1.0	Other Operating Expenses
Net Income From Continuing Ops	+ 1.0	Net Income
Other Operating Expenses	+ 0.99	Depreciation And Amortization
Ebitda	+ 0.99	Depreciation And Amortization
Operating Income	+ 0.99	Gross Profit
Ebitda	+ 0.99	Ebit

Interest Income	- 0.95	Total Operating Expenses
Net Interest Income	- 0.91	Total Operating Expenses
Reconciled Depreciation	- 0.77	Net Interest Income
Net Interest Income	- 0.76	Other Operating Expenses
Net Interest Income	- 0.75	Interest Expense
Net Interest Income	- 0.74	Depreciation And Amortization