Trican Historical Income Statement

TCW Stock  CAD 4.28  0.06  1.38%   
Historical analysis of Trican Well income statement accounts such as Gross Profit of 122.6 M, Other Operating Expenses of 828.9 M, Operating Income of 169.9 M or Ebit of 104.1 M can show how well Trican Well Service performed in making a profits. Evaluating Trican Well income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Trican Well's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Trican Well Service 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 Trican Well Service is a good buy for the upcoming year.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trican Well Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About Trican Income Statement Analysis

Trican Well Service 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 Trican Well shareholders. The income statement also shows Trican 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).

Trican Well Income Statement Chart

Trican Well Service Income Statement is one of the three primary financial statements used for reporting Trican's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Trican Well Service revenue and expense. Trican Well Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Trican Well's Net Income is very stable compared to the past year. As of the 18th of April 2024, Discontinued Operations is likely to grow to about 6.2 M, while Depreciation And Amortization is likely to drop about 85.7 M.

Total Revenue

Total revenue comprises all receipts Trican Well Service 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Trican Well Service. It is also known as Trican Well 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.

Cost Of Revenue

Cost of Revenue is found on Trican Well Service income statement and represents the costs associated with goods and services Trican Well 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 Trican Well's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Trican Well Service 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 Trican Well Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, Trican Well's Net Income is very stable compared to the past year. As of the 18th of April 2024, Discontinued Operations is likely to grow to about 6.2 M, while Depreciation And Amortization is likely to drop about 85.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense2.0M2.6M2.6M2.5M
Depreciation And Amortization88.2M82.4M94.8M85.7M

Trican Well income statement Correlations

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0.790.770.69-0.050.79-0.25-0.34-0.130.79-0.26-0.36-0.43-0.40.26-0.49-0.17-0.440.68-0.660.690.22
0.820.770.950.460.950.250.210.430.95-0.080.17-0.020.130.2-0.020.0-0.150.4-0.560.460.13
0.780.690.950.580.980.40.290.510.980.030.27-0.040.190.32-0.030.09-0.040.26-0.650.48-0.01
0.04-0.050.460.580.410.950.880.930.40.220.880.470.780.350.450.310.3-0.03-0.230.1-0.28
0.870.790.950.980.410.220.110.341.0-0.020.09-0.150.030.27-0.140.02-0.120.3-0.660.510.05
-0.16-0.250.250.40.950.220.930.910.210.350.930.520.830.340.460.480.43-0.11-0.130.04-0.46
-0.26-0.340.210.290.880.110.930.960.110.210.980.740.960.010.730.380.28-0.050.00.0-0.35
-0.01-0.130.430.510.930.340.910.960.340.160.920.650.90.060.670.310.220.01-0.130.09-0.28
0.870.790.950.980.41.00.210.110.34-0.030.08-0.160.020.27-0.140.02-0.120.3-0.670.510.06
-0.1-0.26-0.080.030.22-0.020.350.210.16-0.030.330.190.280.060.110.620.63-0.370.25-0.25-0.57
-0.3-0.360.170.270.880.090.930.980.920.080.330.790.970.040.70.520.4-0.080.02-0.03-0.43
-0.44-0.43-0.02-0.040.47-0.150.520.740.65-0.160.190.790.89-0.480.870.430.22-0.010.27-0.15-0.24
-0.34-0.40.130.190.780.030.830.960.90.020.280.970.89-0.20.840.450.31-0.080.11-0.07-0.36
0.180.260.20.320.350.270.340.010.060.270.060.04-0.48-0.2-0.650.210.250.06-0.430.24-0.24
-0.34-0.49-0.02-0.030.45-0.140.460.730.67-0.140.110.70.870.84-0.650.090.11-0.180.34-0.28-0.04
-0.2-0.170.00.090.310.020.480.380.310.020.620.520.430.450.210.090.72-0.10.09-0.03-0.87
-0.2-0.44-0.15-0.040.3-0.120.430.280.22-0.120.630.40.220.310.250.110.72-0.580.33-0.55-0.66
0.150.680.40.26-0.030.3-0.11-0.050.010.3-0.37-0.08-0.01-0.080.06-0.18-0.1-0.58-0.540.80.15
-0.45-0.66-0.56-0.65-0.23-0.66-0.130.0-0.13-0.670.250.020.270.11-0.430.340.090.33-0.54-0.86-0.08
0.30.690.460.480.10.510.040.00.090.51-0.25-0.03-0.15-0.070.24-0.28-0.03-0.550.8-0.86-0.01
0.250.220.13-0.01-0.280.05-0.46-0.35-0.280.06-0.57-0.43-0.24-0.36-0.24-0.04-0.87-0.660.15-0.08-0.01
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Trican Well Account Relationship Matchups

Trican Well income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization124.1M111.4M88.2M82.4M94.8M85.7M
Interest Expense4.7M3.3M2.0M2.6M2.6M2.5M
Selling General Administrative49.6M29.5M29.9M37.7M39.5M46.4M
Total Revenue636.1M397.0M562.5M866.3M972.7M905.9M
Gross Profit(44.6M)(40.6M)43.3M150.3M201.2M122.6M
Other Operating Expenses720.6M467.8M547.9M753.9M867.0M828.9M
Operating Income(84.5M)(70.8M)14.2M110.2M161.8M169.9M
Ebit(84.5M)(70.8M)14.2M110.2M99.2M104.1M
Ebitda39.6M40.6M102.4M192.6M221.5M112.0M
Cost Of Revenue680.7M437.6M519.2M716.0M771.5M783.2M
Total Operating Expenses39.9M30.2M28.7M38.0M810.9M851.5M
Income Before Tax(99.8M)(264.8M)12.0M107.9M159.0M166.9M
Total Other Income Expense Net(15.3M)(194.0M)(2.2M)(2.3M)(214K)(224.7K)
Net Income(71.4M)(233.3M)12.1M79.2M121.0M127.1M
Income Tax Expense(28.4M)(31.5M)(80K)28.7M25.8M13.0M
Discontinued Operations(3.6M)(2.0M)(1.4M)5.2M5.9M6.2M
Net Income From Continuing Ops(71.4M)(233.3M)12.1M79.2M121.0M127.1M
Net Income Applicable To Common Shares(73.5M)(234.7M)17.2M79.2M91.1M95.7M
Tax Provision(28.4M)(31.5M)(80K)28.7M38.0M39.9M
Interest Income4.9M4.4M2.2M2.3M2.1M2.0M
Extraordinary Items(4.6M)(3.6M)(2.0M)(1.4M)5.2M0.0
Net Interest Income(4.7M)(3.3M)(2.0M)(2.6M)(2.6M)(2.5M)
Reconciled Depreciation124.1M111.4M87.8M80.2M77.2M81.7M

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trican Well Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Trican Well's price analysis, check to measure Trican Well'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 Trican Well is operating at the current time. Most of Trican Well's value examination focuses on studying past and present price action to predict the probability of Trican Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trican Well's price. Additionally, you may evaluate how the addition of Trican Well to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Trican Well's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trican Well is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trican Well'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.