Cargojet Historical Income Statement

CJT Stock  CAD 118.03  0.74  0.63%   
Historical analysis of Cargojet income statement accounts such as Interest Expense of 64.9 M, Selling General Administrative of 41.1 M or Total Revenue of 921.4 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.
 
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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.
  
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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

At this time, Cargojet's Cost Of Revenue is very stable compared to the past year. As of the 5th of December 2024, Net Income Applicable To Common Shares is likely to grow to about 230.1 M, while Selling General Administrative is likely to drop about 41.1 M.

Total Revenue

Total revenue comprises all receipts Cargojet 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 Cargojet minus its cost of goods sold. It is profit before Cargojet 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 Cargojet. It is also known as Cargojet 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 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Cargojet's Cost Of Revenue is very stable compared to the past year. As of the 5th of December 2024, Net Income Applicable To Common Shares is likely to grow to about 230.1 M, while Selling General Administrative is likely to drop about 41.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit230.9M247.5M136.1M93.9M
Total Revenue757.8M979.9M877.5M921.4M

Cargojet income statement Correlations

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Cargojet Account Relationship Matchups

Cargojet income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization94M99.5M116.4M142.2M221M232.1M
Interest Expense43.6M39.6M30.9M33.6M61.8M64.9M
Selling General Administrative57.7M91.5M55.9M70.1M68.9M41.1M
Total Revenue486.6M668.5M757.8M979.9M877.5M921.4M
Gross Profit119.2M250.5M230.9M247.5M136.1M93.9M
Other Operating Expenses430M515.7M585.7M807.4M812.8M853.4M
Operating Income56.6M156.9M172.1M170.5M64.7M48.4M
Ebit64.4M(4.2M)231.7M255.6M108.5M113.9M
Ebitda158.4M95.3M348.1M397.8M329.5M346.0M
Cost Of Revenue367.4M418M526.9M732.4M741.4M778.5M
Total Operating Expenses62.6M97.7M58.8M75M71.4M45.6M
Income Before Tax20.8M(43.8M)200.8M220M51.7M30.3M
Net Income11.6M(87.8M)167.4M190.6M37.3M21.4M
Income Tax Expense9.2M44M33.4M29.4M14.4M8.4M
Selling And Marketing Expenses2.9M4.2M800K2.7M2.5M1.8M
Total Other Income Expense Net(35.8M)(193.6M)27.5M47.6M(13M)(13.7M)
Net Income From Continuing Ops11.6M(87.8M)167.4M190.6M37.3M34.1M
Net Income Applicable To Common Shares11.6M(87.8M)167.4M190.6M219.2M230.1M
Tax Provision9.2M44M33.4M29.4M14.4M17.9M
Net Interest Income(43.6M)(35.5M)(30.9M)(33.6M)(56.8M)(54.0M)
Reconciled Depreciation94M109.1M123.7M153.7M221M128.4M

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

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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 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 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Cargojet Stock

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).