Similar companies
| Company | Revenue | |
|---|---|---|
 |
ScotiabankBNS |
8.45B 54.5% |
 |
TDTD |
30.4B 3.7% |
 |
CIBCCM |
6.58B 57.6% |
Income Statement (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 34.2B | 3.6% |
| Gross Profit | 34.2B | 3.6% |
| Operating expense | 1.79B | 1.9% |
| Net Income | 4.48B | 13.6% |
| EBITDA | 699M | 3.9% |
Balance Sheet (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2,076B | 2.2% |
| Total Liabilities | 1,952B | 2.2% |
| Total Equity | 124B | 2.4% |
| Shares Outstanding | 1.42B | 0.1% |
Cash Flow (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 6.73B | 38.9% |
| Cash from financing | 55.4B | 188.6% |
Financial Highlights for RBC in Q3 '24
RBC reported a revenue of 34.2B, which is a 3.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 34.2B, marking a 3.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 1.79B, showing a -1.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 4.48B, showing a 13.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 699M, showing a -3.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for RBC with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
