Suncor Historical Income Statement
| SU Stock | USD 39.45 0.19 0.48% |
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
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 |
Suncor Energy Investors Sentiment
The influence of Suncor Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Suncor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Suncor Energy's public news can be used to forecast risks associated with an investment in Suncor. The trend in average sentiment can be used to explain how an investor holding Suncor can time the market purely based on public headlines and social activities around Suncor Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Suncor Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Suncor Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Suncor Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Suncor Energy.
Suncor Energy Implied Volatility | 30.85 |
Suncor Energy's implied volatility exposes the market's sentiment of Suncor Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Suncor Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Suncor Energy stock will not fluctuate a lot when Suncor Energy's options are near their expiration.
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 Suncor Energy 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, Suncor Energy's short interest history, or implied volatility extrapolated from Suncor Energy options trading.
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When determining whether Suncor Energy 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 Suncor 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 Suncor Energy Stock. Highlighted below are key reports to facilitate an investment decision about Suncor Energy Stock: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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Suncor Stock analysis
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 4.4 | 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.