Canterbury Income Statement Research

CPHC Stock

USD 23.35 0.31 1.35%

Most accounts from Canterbury Park's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canterbury Park Holding 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 Canterbury Park Valuation and Canterbury Park Correlation analysis.

At present, Canterbury Park's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Cost Of Revenue is expected to grow to about 43.3 M, whereas Depreciation And Amortization is forecasted to decline to about 1.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	47.9M	52.9M	20.2M	32.2M
Total Revenue	60.4M	66.8M	61.4M	47.3M

Gross Profit Total Revenue

Canterbury Park income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Non Recurring	Non Operating Income Net Other	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.25	0.83	0.92	0.69	0.89	0.63	0.55	0.66	0.36	0.57	0.56	0.61	0.57	0.18	0.63	0.6	0.57	0.23	0.23	0.32	0.06	0.32	-0.25
Interest Expense	0.25		0.24	0.29	0.01	0.13	0.45	0.58	0.56	0.7	-0.24	0.83	0.71	0.83	0.48	0.15	0.76	0.49	0.92	0.92	0.64	-0.81	0.97	-0.74
Selling General Administrative	0.83	0.24		0.9	0.67	0.96	0.37	0.32	0.42	0.4	0.65	0.5	0.37	0.43	0.28	0.34	0.46	0.15	0.33	0.34	0.59	-0.09	0.4	-0.49
Total Revenue	0.92	0.29	0.9		0.83	0.95	0.69	0.63	0.71	0.32	0.71	0.64	0.55	0.59	0.13	0.42	0.63	0.4	0.26	0.27	0.48	-0.12	0.37	-0.41
Gross Profit	0.69	0.01	0.67	0.83		0.77	0.67	0.58	0.63	-0.11	0.93	0.36	0.25	0.3	-0.26	0.36	0.33	0.08	-0.11	-0.1	0.34	0.04	0.01	-0.24
Other Operating Expenses	0.89	0.13	0.96	0.95	0.77		0.45	0.36	0.47	0.34	0.75	0.48	0.42	0.42	0.23	0.37	0.43	0.24	0.21	0.21	0.39	0.01	0.27	-0.31
Operating Income	0.63	0.45	0.37	0.69	0.67	0.45		0.94	0.95	0.1	0.37	0.73	0.66	0.73	-0.11	0.43	0.83	0.64	0.19	0.2	0.39	-0.31	0.34	-0.39
Ebit	0.55	0.58	0.32	0.63	0.58	0.36	0.94		0.99	0.13	0.25	0.73	0.6	0.71	-0.19	0.33	0.83	0.59	0.3	0.3	0.46	-0.42	0.46	-0.44
Ebitda	0.66	0.56	0.42	0.71	0.63	0.47	0.95	0.99		0.18	0.32	0.75	0.64	0.73	-0.15	0.4	0.84	0.62	0.3	0.31	0.47	-0.37	0.47	-0.44
Cost Of Revenue	0.36	0.7	0.4	0.32	-0.11	0.34	0.1	0.13	0.18		-0.19	0.71	0.74	0.74	0.88	0.17	0.51	0.46	0.89	0.89	0.41	-0.41	0.78	-0.45
Total Operating Expenses	0.57	-0.24	0.65	0.71	0.93	0.75	0.37	0.25	0.32	-0.19		0.1	0.02	0.03	-0.23	0.27	0.02	-0.17	-0.26	-0.25	0.19	0.23	-0.18	-0.08
Net Income	0.56	0.83	0.5	0.64	0.36	0.48	0.73	0.73	0.75	0.71	0.1		0.89	0.99	0.5	0.33	0.92	0.62	0.78	0.78	0.67	-0.61	0.81	-0.68
Income Tax Expense	0.61	0.71	0.37	0.55	0.25	0.42	0.66	0.6	0.64	0.74	0.02	0.89		0.94	0.59	0.43	0.8	0.84	0.67	0.67	0.31	-0.35	0.67	-0.42
Income Before Tax	0.57	0.83	0.43	0.59	0.3	0.42	0.73	0.71	0.73	0.74	0.03	0.99	0.94		0.54	0.38	0.91	0.72	0.77	0.77	0.57	-0.55	0.79	-0.61
Total Other Income Expense Net	0.18	0.48	0.28	0.13	-0.26	0.23	-0.11	-0.19	-0.15	0.88	-0.23	0.5	0.59	0.54		0.09	0.3	0.3	0.74	0.73	0.23	-0.29	0.58	-0.31
Selling And Marketing Expenses	0.63	0.15	0.34	0.42	0.36	0.37	0.43	0.33	0.4	0.17	0.27	0.33	0.43	0.38	0.09		0.37	0.4	0.06	0.06	0.2	0.21	0.12	-0.05
Net Income From Continuing Ops	0.6	0.76	0.46	0.63	0.33	0.43	0.83	0.83	0.84	0.51	0.02	0.92	0.8	0.91	0.3	0.37		0.71	0.62	0.62	0.62	-0.57	0.71	-0.62
Tax Provision	0.57	0.49	0.15	0.4	0.08	0.24	0.64	0.59	0.62	0.46	-0.17	0.62	0.84	0.72	0.3	0.4	0.71		0.37	0.36	-0.02	-0.15	0.42	-0.14
Interest Income	0.23	0.92	0.33	0.26	-0.11	0.21	0.19	0.3	0.3	0.89	-0.26	0.78	0.67	0.77	0.74	0.06	0.62	0.37		1.0	0.62	-0.73	0.96	-0.7
Net Interest Income	0.23	0.92	0.34	0.27	-0.1	0.21	0.2	0.3	0.31	0.89	-0.25	0.78	0.67	0.77	0.73	0.06	0.62	0.36	1.0		0.64	-0.73	0.96	-0.71
Non Recurring	0.32	0.64	0.59	0.48	0.34	0.39	0.39	0.46	0.47	0.41	0.19	0.67	0.31	0.57	0.23	0.2	0.62	-0.02	0.62	0.64		-0.56	0.69	-0.88
Non Operating Income Net Other	0.06	-0.81	-0.09	-0.12	0.04	0.01	-0.31	-0.42	-0.37	-0.41	0.23	-0.61	-0.35	-0.55	-0.29	0.21	-0.57	-0.15	-0.73	-0.73	-0.56		-0.79	0.64
Reconciled Depreciation	0.32	0.97	0.4	0.37	0.01	0.27	0.34	0.46	0.47	0.78	-0.18	0.81	0.67	0.79	0.58	0.12	0.71	0.42	0.96	0.96	0.69	-0.79		-0.78
Extraordinary Items	-0.25	-0.74	-0.49	-0.41	-0.24	-0.31	-0.39	-0.44	-0.44	-0.45	-0.08	-0.68	-0.42	-0.61	-0.31	-0.05	-0.62	-0.14	-0.7	-0.71	-0.88	0.64	-0.78

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Canterbury Park Account Relationship Matchups

Canterbury Park income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	225.3K	345.4K	905.7K	907.1K	1.0M	1.1M
Total Revenue	59.2M	33.1M	60.4M	66.8M	61.4M	47.3M
Gross Profit	45.8M	25.5M	47.9M	52.9M	20.2M	32.2M
Operating Income	3.6M	(1.7M)	17.8M	10.9M	5.2M	3.8M
Ebit	3.6M	(1.7M)	17.8M	10.9M	5.2M	3.3M
Ebitda	6.4M	(1.3M)	20.1M	14.2M	8.3M	5.2M
Cost Of Revenue	13.4M	7.6M	12.5M	13.9M	41.3M	43.3M
Net Income	2.7M	1.1M	11.8M	7.5M	10.6M	11.1M
Income Tax Expense	1.2M	(1.3M)	4.0M	2.7M	4.4M	4.6M
Income Before Tax	4.0M	(188.8K)	15.8M	10.2M	15.0M	15.7M
Tax Provision	1.2M	(1.3M)	4.0M	2.7M	4.4M	2.3M
Interest Income	326.8K	663.6K	719.4K	910.0K	2.0M	2.1M
Net Interest Income	326.8K	663.6K	719.4K	910.0K	2.0M	2.1M

Pair Trading with Canterbury Park

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 Canterbury Park 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 Canterbury Park will appreciate offsetting losses from the drop in the long position's value.

Moving against Canterbury Stock

0.43	JD	JD Inc Adr Aggressive Push	Pair Corr
0.42	CHH	Choice Hotels Intern Financial Report 14th of May 2024	Pair Corr

The ability to find closely correlated positions to Canterbury Park could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canterbury Park 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 Canterbury Park - 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 Canterbury Park Holding to buy it.

The correlation of Canterbury Park 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 Canterbury Park moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canterbury Park Holding 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 Canterbury Park 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 Correlation Correlation Matching

When determining whether Canterbury Park Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canterbury Park's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canterbury Park Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canterbury Park Holding Stock:

How To Invest In Canterbury

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Is Canterbury Stock a good investment?

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What is Canterbury Park's Net Worth?

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Check out Canterbury Park Valuation and Canterbury Park Correlation analysis.

Note that the Canterbury Park Holding information on this page should be used as a complementary analysis to other Canterbury Park's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Canterbury Stock analysis

When running Canterbury Park's price analysis, check to measure Canterbury Park'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 Canterbury Park is operating at the current time. Most of Canterbury Park's value examination focuses on studying past and present price action to predict the probability of Canterbury Park's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canterbury Park's price. Additionally, you may evaluate how the addition of Canterbury Park to your portfolios can decrease your overall portfolio volatility.

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Is Canterbury Park'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 Canterbury Park. If investors know Canterbury 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 Canterbury Park 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

0.248

Dividend Share

0.28

Earnings Share

2.13

Revenue Per Share

12.484

Quarterly Revenue Growth

(0.04)

The market value of Canterbury Park Holding is measured differently than its book value, which is the value of Canterbury that is recorded on the company's balance sheet. Investors also form their own opinion of Canterbury Park's value that differs from its market value or its book value, called intrinsic value, which is Canterbury Park'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 Canterbury Park's market value can be influenced by many factors that don't directly affect Canterbury Park'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 Canterbury Park's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canterbury Park is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canterbury Park'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.

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Canterbury Income Statement Research

Canterbury Park income statement Correlations

Canterbury Park Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canterbury Park income statement Accounts

Pair Trading with Canterbury Park

Moving against Canterbury Stock

Complementary Tools for Canterbury Stock analysis

COMMON DESTINATIONS

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COMPANY

Net Interest Income	+ 1.0	Interest Income
Ebitda	+ 0.99	Ebit
Income Before Tax	+ 0.99	Net Income
Reconciled Depreciation	+ 0.97	Interest Expense
Other Operating Expenses	+ 0.96	Selling General Administrative
Reconciled Depreciation	+ 0.96	Interest Income

Extraordinary Items	- 0.88	Non Recurring
Non Operating Income Net Other	- 0.81	Interest Expense
Reconciled Depreciation	- 0.79	Non Operating Income Net Other
Extraordinary Items	- 0.78	Reconciled Depreciation
Extraordinary Items	- 0.74	Interest Expense
Non Operating Income Net Other	- 0.73	Net Interest Income