Elite Historical Income Statement

EEIQ Stock  USD 1.05  0.13  14.13%   
Historical analysis of Elite Education income statement accounts such as Tax Provision of 215 K or Net Interest Income of 28.5 K can show how well Elite Education Group performed in making a profits. Evaluating Elite Education income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Elite Education's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Elite Education 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 Elite Education Group is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education 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 gross domestic product.

About Elite Income Statement Analysis

Elite Education 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 Elite Education shareholders. The income statement also shows Elite 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).

Elite Education Income Statement Chart

Elite Education Group Income Statement is one of the three primary financial statements used for reporting Elite's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Elite Education Group revenue and expense. Elite Education Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Elite Education's Total Other Income Expense Net is relatively stable compared to the past year. As of 03/28/2024, Minority Interest is likely to grow to about 495.6 K, though Net Loss is likely to grow to (5.2 M).

Total Revenue

Total revenue comprises all receipts Elite Education Group 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 Elite Education Group minus its cost of goods sold. It is profit before Elite Education 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.
Most accounts from Elite Education's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Elite Education 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education 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 gross domestic product.
At this time, Elite Education's Total Other Income Expense Net is relatively stable compared to the past year. As of 03/28/2024, Minority Interest is likely to grow to about 495.6 K, though Net Loss is likely to grow to (5.2 M).
 2021 2022 2023 2024 (projected)
Interest Income26.5K53.1K47.8K34.2K
Net Interest Income17.5K43.9K39.5K28.5K

Elite Education income statement Correlations

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0.650.980.90.88-0.41-0.530.10.410.51-0.560.650.60.66-0.01-0.56-0.410.64-0.550.61
0.710.980.870.84-0.49-0.620.050.340.43-0.650.710.660.72-0.04-0.63-0.50.71-0.580.67
0.50.90.871.0-0.26-0.40.010.360.46-0.380.50.440.51-0.04-0.37-0.270.49-0.450.46
0.440.880.841.0-0.21-0.340.00.370.47-0.310.440.380.45-0.05-0.3-0.220.43-0.410.4
-0.91-0.41-0.49-0.26-0.210.96-0.49-0.48-0.430.84-0.91-0.94-0.91-0.580.851.0-0.920.39-0.93
-0.97-0.53-0.62-0.4-0.340.96-0.45-0.39-0.370.93-0.97-0.98-0.97-0.410.920.96-0.970.62-0.98
0.530.10.050.010.0-0.49-0.450.80.75-0.360.520.540.520.82-0.41-0.470.52-0.330.54
0.50.410.340.360.37-0.48-0.390.80.99-0.250.490.50.490.85-0.3-0.470.5-0.070.5
0.490.510.430.460.47-0.43-0.370.750.99-0.240.480.480.480.76-0.28-0.420.49-0.130.49
-0.93-0.56-0.65-0.38-0.310.840.93-0.36-0.25-0.24-0.93-0.93-0.93-0.261.00.85-0.930.65-0.93
1.00.650.710.50.44-0.91-0.970.520.490.48-0.931.01.00.42-0.94-0.911.0-0.651.0
1.00.60.660.440.38-0.94-0.980.540.50.48-0.931.01.00.48-0.93-0.941.0-0.611.0
1.00.660.720.510.45-0.91-0.970.520.490.48-0.931.01.00.42-0.94-0.911.0-0.661.0
0.43-0.01-0.04-0.04-0.05-0.58-0.410.820.850.76-0.260.420.480.42-0.31-0.570.450.150.46
-0.93-0.56-0.63-0.37-0.30.850.92-0.41-0.3-0.281.0-0.94-0.93-0.94-0.310.85-0.930.63-0.93
-0.91-0.41-0.5-0.27-0.221.00.96-0.47-0.47-0.420.85-0.91-0.94-0.91-0.570.85-0.930.39-0.93
1.00.640.710.490.43-0.92-0.970.520.50.49-0.931.01.01.00.45-0.93-0.93-0.621.0
-0.66-0.55-0.58-0.45-0.410.390.62-0.33-0.07-0.130.65-0.65-0.61-0.660.150.630.39-0.62-0.63
1.00.610.670.460.4-0.93-0.980.540.50.49-0.931.01.01.00.46-0.93-0.931.0-0.63
Click cells to compare fundamentals

Elite Education Account Relationship Matchups

Elite Education income statement Accounts

201920202021202220232024 (projected)
Interest Expense75.1K129.2K75.6K17.5K20.1K19.1K
Ebit1.3M(1.5M)(7.2M)(7.0M)(6.3M)(6.0M)
Net Income Applicable To Common Shares2.1M1.0M(1.1M)(6.1M)(5.5M)(5.2M)
Income Tax Expense397.6K(307.2K)(83.4K)289.5K260.5K242.5K
Tax Provision397.6K(307.2K)(83.4K)289.5K260.5K215.0K
Net Interest Income27.7K2.5K17.5K43.9K39.5K28.5K
Interest Income35.3K9.5K26.5K53.1K47.8K34.2K
Depreciation And Amortization71.9K125.5K252.1K407.0K468.1K491.5K
Selling General Administrative2.8M2.9M10.1M9.8M11.3M11.9M
Selling And Marketing Expenses2.3M1.7M952.9K1.0M917.0K1.2M
Total Revenue9.1M5.3M6.3M5.7M5.1M5.5M
Gross Profit6.7M3.4M4.3M4.2M3.8M4.0M
Other Operating Expenses7.8M6.8M13.5M12.8M14.7M9.4M
Operating Income1.3M(1.5M)(7.2M)(7.1M)(6.4M)(6.1M)
Net Income From Continuing Ops1.0M(1.1M)(6.2M)(7.2M)(6.5M)(6.1M)
Ebitda1.4M(1.3M)(6.9M)(6.6M)(6.0M)(5.7M)
Cost Of Revenue2.3M1.9M2.0M1.5M1.4M1.6M
Total Operating Expenses5.4M4.9M11.5M11.3M13.0M7.3M
Reconciled Depreciation87.6K126.2K252.1K407.0K468.1K491.5K
Income Before Tax1.4M(1.4M)(6.3M)(6.9M)(6.2M)(5.9M)
Total Other Income Expense Net113.6K74.9K836.6K142.2K163.5K238.2K
Net Income1.0M(1.1M)(6.2M)(6.8M)(6.1M)(5.8M)

Pair Trading with Elite Education

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

Moving together with Elite Stock

  0.9IH IhumanInc Report 29th of March 2024 PairCorr

Moving against Elite Stock

  0.89EDU New Oriental Education Report 17th of April 2024 PairCorr
  0.65DAO Youdao IncPairCorr
  0.64YQ 17 Education TechnologyPairCorr
  0.48GHC Graham HoldingsPairCorr
The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education 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 Elite Education - 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 Elite Education Group to buy it.
The correlation of Elite Education 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 Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education 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 Elite Education 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 Elite Education Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Elite Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Elite Education Group Stock. Highlighted below are key reports to facilitate an investment decision about Elite Education Group Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education 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 gross domestic product.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Elite Education's price analysis, check to measure Elite Education'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 Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.
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Is Elite Education'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 Elite Education. If investors know Elite 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 Elite Education listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.58)
Revenue Per Share
0.49
Quarterly Revenue Growth
0.007
Return On Assets
(0.21)
Return On Equity
(0.53)
The market value of Elite Education Group is measured differently than its book value, which is the value of Elite that is recorded on the company's balance sheet. Investors also form their own opinion of Elite Education's value that differs from its market value or its book value, called intrinsic value, which is Elite Education'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 Elite Education's market value can be influenced by many factors that don't directly affect Elite Education'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 Elite Education's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elite Education is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elite Education'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.