MFS Historical Income Statement
| CXE Stock | USD 3.53 0.01 0.28% |
Historical analysis of MFS High income statement accounts such as Selling General Administrative of 402.1 K, Total Revenue of 2.1 M or Gross Profit of 2.1 M can show how well MFS High Income performed in making a profits. Evaluating MFS High income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MFS High's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining MFS High Income 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 MFS High Income is a good buy for the upcoming year.
MFS |
About MFS Income Statement Analysis
MFS High Income 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 MFS High shareholders. The income statement also shows MFS 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).
MFS High Income Statement Chart
MFS High Income Income Statement is one of the three primary financial statements used for reporting MFS's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of MFS High Income revenue and expense. MFS High Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, MFS High's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 5.9 M, whereas Gross Profit is forecasted to decline to about 2.1 M. Add Fundamental
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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MFS High Income. It is also known as MFS High 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.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from MFS High's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MFS High Income 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 MFS High Income. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. At present, MFS High's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 5.9 M, whereas Gross Profit is forecasted to decline to about 2.1 M.
| 2023 | 2024 (projected) | Tax Provision | 1.6K | 1.4K | Net Interest Income | 5.7M | 7.5M |
MFS High income statement Correlations
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MFS High Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MFS High income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 1.8M | 1.1M | 1.9M | 3.8M | 4.3M | 4.5M | |
| Selling General Administrative | 353.6K | 289.4K | 324.8K | 287.1K | 258.4K | 402.1K | |
| Total Revenue | 862.2K | 12.7M | (34.2M) | 2.5M | 2.2M | 2.1M | |
| Gross Profit | 862.2K | 12.7M | (34.2M) | 2.5M | 2.2M | 2.1M | |
| Operating Income | 799.4K | 12.6M | (32.3M) | 2.5M | 2.2M | 2.1M | |
| Net Income From Continuing Ops | 799.4K | 12.6M | (34.3M) | 2.5M | 2.2M | 1.3M | |
| Ebit | 799.4K | 12.6M | (32.3M) | 2.5M | 2.2M | 2.1M | |
| Cost Of Revenue | 3.8M | 3.2M | 1.6M | 1.4M | 1.6M | 1.5M | |
| Total Operating Expenses | 62.7K | 53.7K | 52.8K | 1.0K | 936.0 | 889.2 | |
| Income Before Tax | 799.4K | 12.6M | (34.3M) | 2.5M | 2.2M | 2.1M | |
| Total Other Income Expense Net | (1.8M) | (1.1M) | (1.9M) | (3.8M) | (4.3M) | (4.5M) | |
| Net Income Applicable To Common Shares | 16.2M | 799.4K | 12.6M | (34.3M) | (30.8M) | (29.3M) | |
| Net Income | 799.4K | 12.6M | (34.3M) | 2.5M | 2.2M | 1.3M | |
| Income Tax Expense | 799.4K | 1.8K | 7.8M | 4.9M | 5.6M | 5.9M | |
| Interest Income | 11.3M | 10.4M | 9.6M | 10.1M | 11.6M | 8.0M | |
| Depreciation And Amortization | (9.3M) | (8.4M) | (7.8M) | (8.6M) | (7.8M) | (8.2M) | |
| Other Operating Expenses | 62.7K | 53.7K | 52.8K | 1.0K | 936.0 | 889.2 | |
| Ebitda | 799.4K | 12.6M | (32.3M) | 2.5M | 2.2M | 2.5M | |
| Net Interest Income | 9.5M | 9.3M | 7.6M | 6.3M | 5.7M | 7.5M |
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 MFS High 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, MFS High's short interest history, or implied volatility extrapolated from MFS High options trading.
Pair Trading with MFS High
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 MFS High 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 MFS High will appreciate offsetting losses from the drop in the long position's value.Moving against MFS Stock
| 0.58 | SCM | Stellus Capital Inve Financial Report 14th of May 2024 | PairCorr |
| 0.54 | FDUS | Fidus Investment Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.52 | HNNA | Hennessy Ad Earnings Call This Week | PairCorr |
| 0.49 | MAIN | Main Street Capital Financial Report 2nd of May 2024 | PairCorr |
| 0.43 | PFLT | PennantPark Floating Rate Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to MFS High could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MFS High 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 MFS High - 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 MFS High Income to buy it.
The correlation of MFS High 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 MFS High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS High Income 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 MFS High 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 MFS High Income. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for MFS Stock analysis
When running MFS High's price analysis, check to measure MFS High'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 MFS High is operating at the current time. Most of MFS High's value examination focuses on studying past and present price action to predict the probability of MFS High's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MFS High's price. Additionally, you may evaluate how the addition of MFS High to your portfolios can decrease your overall portfolio volatility.
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Is MFS High'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 MFS High. If investors know MFS 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 MFS High 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 (0.82) | Dividend Share 0.159 | Earnings Share 0.07 | Revenue Per Share 0.325 | Quarterly Revenue Growth 0.034 |
The market value of MFS High Income is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS High's value that differs from its market value or its book value, called intrinsic value, which is MFS High'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 MFS High's market value can be influenced by many factors that don't directly affect MFS High'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 MFS High's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS High'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.