Cronos Historical Income Statement
| CRON Stock | USD 2.48 0.01 0.40% |
Historical analysis of Cronos income statement accounts such as Total Revenue of 93.3 M, Gross Profit of 7.3 M or Other Operating Expenses of 105.2 M can show how well Cronos Group performed in making a profits. Evaluating Cronos income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cronos's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cronos Group 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 Cronos Group is a good buy for the upcoming year.
Cronos |
About Cronos Income Statement Analysis
Cronos Group 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 Cronos shareholders. The income statement also shows Cronos 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).
Cronos Income Statement Chart
Cronos Group Income Statement is one of the three primary financial statements used for reporting Cronos's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cronos Group revenue and expense. Cronos Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Cronos' Minority Interest is very stable compared to the past year. As of the 24th of April 2024, Non Operating Income Net Other is likely to grow to about 235.9 M, while Other Operating Expenses is likely to drop about 105.2 M. Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cronos Group. It is also known as Cronos 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Cost Of Revenue
Cost of Revenue is found on Cronos Group income statement and represents the costs associated with goods and services Cronos provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Cronos' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cronos Group 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 Cronos Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Cronos' Minority Interest is very stable compared to the past year. As of the 24th of April 2024, Non Operating Income Net Other is likely to grow to about 235.9 M, while Other Operating Expenses is likely to drop about 105.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 15.4M | 13.1M | 9.6M | 8.1M | Interest Income | 9.1M | 22.5M | 46.5M | 44.2M |
Cronos income statement Correlations
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Cronos Account Relationship Matchups
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Cronos income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 28.0M | 186K | 27K | 22.5M | 25.9M | 27.2M | |
| Total Revenue | 23.8M | 46.7M | 74.4M | 91.9M | 88.8M | 93.3M | |
| Gross Profit | (17.9M) | (25.8M) | (17.5M) | 12.0M | 7.0M | 7.3M | |
| Other Operating Expenses | 139.9M | 226.1M | 271.4M | 207.9M | 170.2M | 105.2M | |
| Operating Income | (121.5M) | (179.3M) | 6.8M | (116.0M) | (81.4M) | (77.3M) | |
| Ebit | (121.5M) | (179.3M) | 6.8M | (116.0M) | (81.4M) | (77.3M) | |
| Ebitda | (1.4B) | (160.1M) | 22.2M | (59.2M) | (73.1M) | (76.8M) | |
| Total Operating Expenses | 98.3M | 153.5M | 179.4M | 128.0M | 88.4M | 68.4M | |
| Income Before Tax | 1.2B | (73.3M) | (397.1M) | (134.6M) | (75.0M) | (71.3M) | |
| Net Income | 2.5B | (74.6M) | (396.7M) | (168.7M) | (75.2M) | (71.4M) | |
| Depreciation And Amortization | (1.3B) | 19.3M | 15.4M | 56.8M | 8.3M | 8.7M | |
| Selling General Administrative | 61.0M | 95.9M | 106.6M | 86.3M | 58.2M | 48.1M | |
| Net Income From Continuing Ops | 1.2B | (74.6M) | (396.7M) | (168.7M) | (115.0M) | (109.3M) | |
| Research Development | 12.2M | 20.4M | 23.3M | 13.4M | 6.0M | 9.2M | |
| Cost Of Revenue | 41.6M | 72.6M | 92.0M | 79.9M | 81.9M | 41.2M | |
| Total Other Income Expense Net | 1.3B | 106.1M | (403.9M) | (18.5M) | 6.4M | 6.0M | |
| Net Income Applicable To Common Shares | 1.2B | (73.1M) | (396.1M) | (168.7M) | (151.9M) | (144.3M) | |
| Income Tax Expense | (1.3B) | 1.3M | (431K) | 34.2M | (3.3M) | (3.5M) | |
| Minority Interest | (853K) | (2.1M) | (1.1M) | 282K | 326K | 342.3K | |
| Tax Provision | 0.0 | 1.3M | (431K) | 34.2M | 29.1M | 30.6M | |
| Net Interest Income | (4.2M) | 18.4M | 9.1M | 22.5M | 46.5M | 48.9M | |
| Interest Income | 1.3B | 18.6M | 9.1M | 22.5M | 46.5M | 44.2M | |
| Reconciled Depreciation | 3.9M | 7.0M | 15.4M | 13.1M | 9.6M | 8.1M | |
| Selling And Marketing Expenses | 23.0M | 34.4M | 44.9M | 22.3M | 22.7M | 27.6M |
Pair Trading with Cronos
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 Cronos 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 Cronos will appreciate offsetting losses from the drop in the long position's value.Moving against Cronos Stock
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The ability to find closely correlated positions to Cronos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cronos 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 Cronos - 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 Cronos Group to buy it.
The correlation of Cronos 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 Cronos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cronos Group 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 Cronos 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Cronos Stock analysis
When running Cronos' price analysis, check to measure Cronos' 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 Cronos is operating at the current time. Most of Cronos' value examination focuses on studying past and present price action to predict the probability of Cronos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cronos' price. Additionally, you may evaluate how the addition of Cronos to your portfolios can decrease your overall portfolio volatility.
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Is Cronos' 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 Cronos. If investors know Cronos 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 Cronos 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 0.144 | Earnings Share (0.30) | Revenue Per Share 0.229 | Quarterly Revenue Growth 0.085 | Return On Assets (0.04) |
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' 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 Cronos' market value can be influenced by many factors that don't directly affect Cronos' 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 Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' 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.