Cargojet Historical Income Statement
| CJT Stock | CAD 92.72 3.54 3.68% |
Historical analysis of Cargojet income statement accounts such as Net Income of 162.6 M, Operating Income of 229.4 M or Revenues of 735.9 M can show how well Cargojet performed in making a profits. Evaluating Cargojet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cargojet's future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Cargojet 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 Cargojet is a good buy for the upcoming year.
Cargojet Net Income |
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Cargojet |
About Cargojet Income Statement Analysis
Cargojet 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 Cargojet shareholders. The income statement also shows Cargojet 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).
Cargojet Income Statement Chart
Cargojet Income Statement is one of the three primary financial statements used for reporting Cargojet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cargojet revenue and expense. Cargojet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Cargojet Direct Expenses is very stable at the moment as compared to the past year. Cargojet reported last year Direct Expenses of 474.21 Million. As of 22nd of September 2023, Net Income is likely to grow to about 162.6 M, while Weighted Average Shares is likely to drop about 12.9 M. Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Cargojet financial statement analysis. It represents the amount of money remaining after all of Cargojet operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from [ConsolInc]; and before the deduction of Preferred Dividends.Revenues
Revenues refers to the total amount of money received by Cargojet for goods sold or services provided during a certain time period. It also includes all of Cargojet sales as well as any other increase in Cargojet equity. Revenues are reported on Cargojet income statement and calculated before any expenses are subtracted. The amount of Revenue recognised from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses. Where this item is not contained on the company consolidated financial statements and cannot otherwise be imputed the value of 0 is used.Most accounts from Cargojet's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cargojet 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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. Cargojet Direct Expenses is very stable at the moment as compared to the past year. Cargojet reported last year Direct Expenses of 474.21 Million. As of 22nd of September 2023, Net Income is likely to grow to about 162.6 M, while Weighted Average Shares is likely to drop about 12.9 M.
| 2020 | 2021 | 2022 | 2023 (projected) | Weighted Average Shares | 15.6 M | 17.2 M | 15.48 M | 12.86 M | Revenues | 668.5 M | 757.8 M | 682.02 M | 735.86 M |
Cargojet income statement Correlations
| 0.64 | 0.82 | 0.99 | 0.94 | 0.94 | ||
| 0.64 | 0.96 | 0.6 | 0.46 | 0.5 | ||
| 0.82 | 0.96 | 0.8 | 0.67 | 0.7 | ||
| 0.99 | 0.6 | 0.8 | 0.94 | 0.95 | ||
| 0.94 | 0.46 | 0.67 | 0.94 | 0.99 | ||
| 0.94 | 0.5 | 0.7 | 0.95 | 0.99 |
Click cells to compare fundamentals
Cargojet Account Relationship Matchups
Cargojet income statement Accounts
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Direct Expenses | 342.6 M | 367.4 M | 418 M | 526.9 M | 474.21 M | 511.65 M | |
| Net Income | 20.2 M | 11.6 M | (87.8 M) | 167.4 M | 150.66 M | 162.55 M | |
| Operating Income | 56.3 M | 63.1 M | (6.1 M) | 236.2 M | 212.58 M | 229.36 M | |
| Revenues | 454.9 M | 486.6 M | 668.5 M | 757.8 M | 682.02 M | 735.86 M | |
| Weighted Average Shares | 13.4 M | 13.5 M | 15.6 M | 17.2 M | 15.48 M | 12.86 M | |
| Weighted Average Shares Diluted | 13.5 M | 13.6 M | 15.6 M | 17.6 M | 15.84 M | 13.16 M |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cargojet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair Trading with Cargojet
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 Cargojet 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 Cargojet will appreciate offsetting losses from the drop in the long position's value.Moving against Cargojet Stock
The ability to find closely correlated positions to Cargojet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cargojet 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 Cargojet - 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 Cargojet to buy it.
The correlation of Cargojet is a statistical measure of how it moves in relation to other equities. 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 Cargojet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cargojet 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 Cargojet 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Cargojet. 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Cargojet Stock analysis
When running Cargojet's price analysis, check to measure Cargojet'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 Cargojet is operating at the current time. Most of Cargojet's value examination focuses on studying past and present price action to predict the probability of Cargojet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cargojet's price. Additionally, you may evaluate how the addition of Cargojet to your portfolios can decrease your overall portfolio volatility.
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