Canterbury Historical Income Statement

CPHC Stock  USD 23.04  1.74  7.02%   
Historical analysis of Canterbury Park income statement accounts such as Interest Expense of 1.1 M, Selling General Administrative of 21.7 M or Total Revenue of 47.3 M can show how well Canterbury Park Holding performed in making a profits. Evaluating Canterbury Park income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canterbury Park's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Canterbury Park Holding 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 Canterbury Park Holding is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.

About Canterbury Income Statement Analysis

Canterbury Park Holding 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 Canterbury Park shareholders. The income statement also shows Canterbury 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).

Canterbury Park Income Statement Chart

Canterbury Park Holding Income Statement is one of the three primary financial statements used for reporting Canterbury's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Canterbury Park Holding revenue and expense. Canterbury Park Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Canterbury Park's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Cost Of Revenue is expected to grow to about 43.3 M, whereas Depreciation And Amortization is forecasted to decline to about 1.9 M.

Total Revenue

Total revenue comprises all receipts Canterbury Park Holding 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 Canterbury Park Holding minus its cost of goods sold. It is profit before Canterbury Park 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 Canterbury Park Holding. It is also known as Canterbury Park 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 Canterbury Park's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canterbury Park Holding 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 Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
At present, Canterbury Park's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Cost Of Revenue is expected to grow to about 43.3 M, whereas Depreciation And Amortization is forecasted to decline to about 1.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit47.9M52.9M20.2M32.2M
Total Revenue60.4M66.8M61.4M47.3M

Canterbury Park income statement Correlations

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0.830.240.90.670.960.370.320.420.40.650.50.370.430.280.340.460.150.330.340.59-0.090.4-0.49
0.920.290.90.830.950.690.630.710.320.710.640.550.590.130.420.630.40.260.270.48-0.120.37-0.41
0.690.010.670.830.770.670.580.63-0.110.930.360.250.3-0.260.360.330.08-0.11-0.10.340.040.01-0.24
0.890.130.960.950.770.450.360.470.340.750.480.420.420.230.370.430.240.210.210.390.010.27-0.31
0.630.450.370.690.670.450.940.950.10.370.730.660.73-0.110.430.830.640.190.20.39-0.310.34-0.39
0.550.580.320.630.580.360.940.990.130.250.730.60.71-0.190.330.830.590.30.30.46-0.420.46-0.44
0.660.560.420.710.630.470.950.990.180.320.750.640.73-0.150.40.840.620.30.310.47-0.370.47-0.44
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0.57-0.240.650.710.930.750.370.250.32-0.190.10.020.03-0.230.270.02-0.17-0.26-0.250.190.23-0.18-0.08
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0.610.710.370.550.250.420.660.60.640.740.020.890.940.590.430.80.840.670.670.31-0.350.67-0.42
0.570.830.430.590.30.420.730.710.730.740.030.990.940.540.380.910.720.770.770.57-0.550.79-0.61
0.180.480.280.13-0.260.23-0.11-0.19-0.150.88-0.230.50.590.540.090.30.30.740.730.23-0.290.58-0.31
0.630.150.340.420.360.370.430.330.40.170.270.330.430.380.090.370.40.060.060.20.210.12-0.05
0.60.760.460.630.330.430.830.830.840.510.020.920.80.910.30.370.710.620.620.62-0.570.71-0.62
0.570.490.150.40.080.240.640.590.620.46-0.170.620.840.720.30.40.710.370.36-0.02-0.150.42-0.14
0.230.920.330.26-0.110.210.190.30.30.89-0.260.780.670.770.740.060.620.371.00.62-0.730.96-0.7
0.230.920.340.27-0.10.210.20.30.310.89-0.250.780.670.770.730.060.620.361.00.64-0.730.96-0.71
0.320.640.590.480.340.390.390.460.470.410.190.670.310.570.230.20.62-0.020.620.64-0.560.69-0.88
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0.320.970.40.370.010.270.340.460.470.78-0.180.810.670.790.580.120.710.420.960.960.69-0.79-0.78
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Click cells to compare fundamentals

Canterbury Park Account Relationship Matchups

Canterbury Park income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization2.8M394.4K2.3M3.3M3.1M1.9M
Interest Expense225.3K345.4K905.7K907.1K1.0M1.1M
Selling General Administrative30.5M19.3M19.3M29.1M31.5M21.7M
Total Revenue59.2M33.1M60.4M66.8M61.4M47.3M
Gross Profit45.8M25.5M47.9M52.9M20.2M32.2M
Other Operating Expenses55.5M34.9M42.9M55.8M56.3M43.9M
Operating Income3.6M(1.7M)17.8M10.9M5.2M3.8M
Ebit3.6M(1.7M)17.8M10.9M5.2M3.3M
Ebitda6.4M(1.3M)20.1M14.2M8.3M5.2M
Cost Of Revenue13.4M7.6M12.5M13.9M41.3M43.3M
Total Operating Expenses42.1M27.3M30.3M41.9M15.0M28.8M
Net Income2.7M1.1M11.8M7.5M10.6M11.1M
Income Tax Expense1.2M(1.3M)4.0M2.7M4.4M4.6M
Income Before Tax4.0M(188.8K)15.8M10.2M15.0M15.7M
Total Other Income Expense Net326.8K1.5M(2.0M)(657.9K)9.8M10.3M
Net Income Applicable To Common Shares2.7M1.1M11.8M7.5M8.6M9.1M
Selling And Marketing Expenses2.2M377.4K1.7M3.1M2.1M2.1M
Net Income From Continuing Ops2.7M1.1M11.8M7.5M10.6M5.4M
Tax Provision1.2M(1.3M)4.0M2.7M4.4M2.3M
Interest Income326.8K663.6K719.4K910.0K2.0M2.1M
Net Interest Income326.8K663.6K719.4K910.0K2.0M2.1M
Non Operating Income Net Other61.5K326.8K(814.6K)(657.9K)(592.1K)(562.5K)
Reconciled Depreciation2.7M2.7M2.8M3.0M3.1M3.1M

Pair Trading with Canterbury Park

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 Canterbury Park 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 Canterbury Park will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Canterbury Park could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canterbury Park 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 Canterbury Park - 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 Canterbury Park Holding to buy it.
The correlation of Canterbury Park 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 Canterbury Park moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canterbury Park Holding 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 Canterbury Park 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 Canterbury Park Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canterbury Park'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 Canterbury Park Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canterbury Park Holding Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Canterbury Park Holding information on this page should be used as a complementary analysis to other Canterbury Park's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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Is Canterbury Park'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 Canterbury Park. If investors know Canterbury 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 Canterbury Park listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.248
Dividend Share
0.28
Earnings Share
2.13
Revenue Per Share
12.484
Quarterly Revenue Growth
(0.04)
The market value of Canterbury Park Holding is measured differently than its book value, which is the value of Canterbury that is recorded on the company's balance sheet. Investors also form their own opinion of Canterbury Park's value that differs from its market value or its book value, called intrinsic value, which is Canterbury Park'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 Canterbury Park's market value can be influenced by many factors that don't directly affect Canterbury Park'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 Canterbury Park's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canterbury Park is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canterbury Park'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.