Suncor Historical Income Statement
| SU Stock | USD 39.87 0.16 0.40% |
Historical analysis of Suncor Energy income statement accounts such as Gross Profit of 10.1 B, Other Operating Expenses of 42.4 B or Operating Income of 9.1 B can show how well Suncor Energy performed in making a profits. Evaluating Suncor Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Suncor Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Suncor Energy 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 Suncor Energy is a good buy for the upcoming year.
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About Suncor Income Statement Analysis
Suncor Energy 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 Suncor Energy shareholders. The income statement also shows Suncor 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).
Suncor Energy Income Statement Chart
Suncor Energy Income Statement is one of the three primary financial statements used for reporting Suncor's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Suncor Energy revenue and expense. Suncor Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Suncor Energy's Income Before Tax is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 2 B in 2024, whereas Total Operating Expenses is likely to drop slightly above 7.1 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Suncor Energy 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 Suncor Energy minus its cost of goods sold. It is profit before Suncor Energy 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 Suncor Energy. It is also known as Suncor Energy 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 Suncor Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Suncor Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.At this time, Suncor Energy's Income Before Tax is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 2 B in 2024, whereas Total Operating Expenses is likely to drop slightly above 7.1 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 19.5B | 28.8B | 19.5B | 10.1B | Total Revenue | 39.1B | 58.3B | 49.1B | 51.5B |
Suncor Energy income statement Correlations
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Suncor Energy Account Relationship Matchups
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Suncor Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 10.6B | 9.5B | 5.9B | 8.8B | 7.0B | 7.3B | |
| Interest Expense | 1.3B | 1.3B | 1.3B | 1.2B | 1.0B | 1.1B | |
| Selling General Administrative | 11.2B | 9.9B | 11.4B | 12.8B | 8.5B | 4.7B | |
| Total Revenue | 39.9B | 24.7B | 39.1B | 58.3B | 49.1B | 51.5B | |
| Gross Profit | 15.2B | 6.0B | 19.5B | 28.8B | 19.5B | 10.1B | |
| Other Operating Expenses | 37.6B | 30.2B | 32.5B | 44.1B | 40.4B | 42.4B | |
| Operating Income | 2.3B | (5.3B) | 6.7B | 14.4B | 8.7B | 9.1B | |
| Ebit | 2.3B | (5.3B) | 6.7B | 14.4B | 8.7B | 9.1B | |
| Ebitda | 12.9B | 4.3B | 12.5B | 23.2B | 15.6B | 16.4B | |
| Cost Of Revenue | 24.7B | 18.6B | 19.6B | 29.6B | 29.5B | 31.0B | |
| Total Operating Expenses | 12.9B | 11.5B | 12.9B | 14.5B | 10.9B | 7.1B | |
| Income Before Tax | 2.5B | (6.1B) | 5.6B | 12.3B | 10.6B | 11.1B | |
| Total Other Income Expense Net | 206M | (835M) | (1.1B) | (2.1B) | 1.9B | 2.0B | |
| Net Income | 2.9B | (4.3B) | 4.1B | 9.1B | 8.3B | 8.7B | |
| Income Tax Expense | (366M) | (1.8B) | 1.5B | 3.2B | 2.3B | 2.4B | |
| Net Income From Continuing Ops | 2.9B | (4.3B) | 4.1B | 9.1B | 8.2B | 8.6B | |
| Net Income Applicable To Common Shares | 2.9B | (4.3B) | 4.1B | 9.1B | 10.4B | 11.0B | |
| Tax Provision | (366M) | (1.8B) | 1.5B | 3.2B | 2.5B | 2.6B | |
| Interest Income | 5M | 567M | 852M | 100M | 118M | 112.1M | |
| Net Interest Income | (989M) | (1.0B) | (1.3B) | (1.1B) | (1.3B) | (1.3B) | |
| Reconciled Depreciation | 10.6B | 9.5B | 5.9B | 8.8B | 6.3B | 8.2B |
Pair Trading with Suncor Energy
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 Suncor Energy 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 Suncor Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Suncor Stock
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The ability to find closely correlated positions to Suncor Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Suncor Energy 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 Suncor Energy - 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 Suncor Energy to buy it.
The correlation of Suncor Energy 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 Suncor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Suncor Energy 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 Suncor Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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When running Suncor Energy's price analysis, check to measure Suncor Energy'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 Suncor Energy is operating at the current time. Most of Suncor Energy's value examination focuses on studying past and present price action to predict the probability of Suncor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suncor Energy's price. Additionally, you may evaluate how the addition of Suncor Energy to your portfolios can decrease your overall portfolio volatility.
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Is Suncor Energy'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 Suncor Energy. If investors know Suncor 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 Suncor Energy 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 (0.19) | Dividend Share 2.13 | Earnings Share 4.43 | Revenue Per Share 38.188 | Quarterly Revenue Growth 0.039 |
The market value of Suncor Energy is measured differently than its book value, which is the value of Suncor that is recorded on the company's balance sheet. Investors also form their own opinion of Suncor Energy's value that differs from its market value or its book value, called intrinsic value, which is Suncor Energy'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 Suncor Energy's market value can be influenced by many factors that don't directly affect Suncor Energy'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 Suncor Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suncor Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suncor Energy'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.