MFS Historical Income Statement
| MCR Stock | USD 6.25 0.04 0.64% |
Historical analysis of MFS Charter income statement accounts such as Gross Profit of 17.3 M can show how well MFS Charter Income performed in making a profits. Evaluating MFS Charter income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of MFS Charter's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining MFS Charter Income 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 MFS Charter Income is a good buy for the upcoming year.
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About MFS Income Statement Analysis
MFS Charter Income 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 MFS Charter shareholders. The income statement also shows MFS 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).
MFS Charter Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of MFS Charter Income. It is also known as MFS Charter 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 MFS Charter's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into MFS Charter Income 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Charter Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, MFS Charter's Other Operating Expenses is relatively stable compared to the past year. As of 11/28/2024, Research Development is likely to grow to 5.80, while Net Income From Continuing Ops is likely to drop slightly above 8.2 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 19.1M | 21.6M | 19.4M | 16.9M | Net Interest Income | 17.0M | 15.9M | 14.3M | 15.0M |
MFS Charter income statement Correlations
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MFS Charter Account Relationship Matchups
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MFS Charter income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 1.2M | 780.2K | 2.1M | 5.7M | 6.5M | 6.9M | |
| Selling General Administrative | 547.9K | 502.0K | 474.0K | 466.1K | 419.5K | 398.5K | |
| Total Revenue | 28.5M | 4.4M | (38.3M) | 17.0M | 15.3M | 17.9M | |
| Gross Profit | 28.5M | 4.4M | (38.3M) | 17.0M | 15.3M | 17.3M | |
| Operating Income | 27.9M | 3.8M | (36.8M) | 16.5M | 14.8M | 16.6M | |
| Net Income From Continuing Ops | 27.9M | 3.8M | (38.9M) | 16.5M | 14.8M | 8.2M | |
| Ebit | 27.9M | 3.8M | (36.8M) | 16.5M | 14.8M | 15.7M | |
| Cost Of Revenue | 2.6M | 2.5M | 2.2M | 2.0M | 1.8M | 1.4M | |
| Total Operating Expenses | 600.2K | 590.4K | 526.0K | 517.2K | 465.4K | 442.2K | |
| Income Before Tax | 27.9M | 3.8M | (38.9M) | 16.5M | 14.8M | 14.1M | |
| Total Other Income Expense Net | (1.2M) | (780.2K) | (2.1M) | (3.3M) | (3.8M) | (4.0M) | |
| Net Income Applicable To Common Shares | 53.4M | 27.9M | 3.8M | (38.9M) | (35.0M) | (33.2M) | |
| Net Income | 27.9M | 3.8M | (38.9M) | 16.5M | 14.8M | 8.2M | |
| Income Tax Expense | 16.3M | 3.8M | 16.9M | 16.5M | 18.9M | 19.9M | |
| Net Interest Income | 18.8M | 18.1M | 17.0M | 15.9M | 14.3M | 15.0M | |
| Interest Income | 19.9M | 18.9M | 19.1M | 21.6M | 19.4M | 16.9M | |
| Other Operating Expenses | 600.2K | 590.4K | 526.0K | 517.2K | 465.4K | 475.0K | |
| Ebitda | 27.9M | 3.8M | (36.8M) | 16.5M | 14.8M | 11.2M | |
| Depreciation And Amortization | (17.5M) | (16.4M) | (16.9M) | (19.8M) | (17.8M) | (18.7M) |
Pair Trading with MFS Charter
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 MFS Charter 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 MFS Charter will appreciate offsetting losses from the drop in the long position's value.Moving against MFS Stock
| 0.58 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.57 | AX | Axos Financial | PairCorr |
| 0.55 | L | Loews Corp | PairCorr |
| 0.53 | CNNE | Cannae Holdings | PairCorr |
| 0.52 | V | Visa Class A | PairCorr |
The ability to find closely correlated positions to MFS Charter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MFS Charter 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 MFS Charter - 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 MFS Charter Income to buy it.
The correlation of MFS Charter 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 MFS Charter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Charter Income 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 MFS Charter 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.Additional Tools for MFS Stock Analysis
When running MFS Charter's price analysis, check to measure MFS Charter'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 MFS Charter is operating at the current time. Most of MFS Charter's value examination focuses on studying past and present price action to predict the probability of MFS Charter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MFS Charter's price. Additionally, you may evaluate how the addition of MFS Charter to your portfolios can decrease your overall portfolio volatility.