Core Historical Income Statement
| CMT Stock | USD 18.63 0.08 0.43% |
Historical analysis of Core Molding income statement accounts such as Interest Expense of 1.5 M, Selling General Administrative of 39.7 M or Total Revenue of 375.6 M can show how well Core Molding Technologies performed in making a profits. Evaluating Core Molding income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Core Molding's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Core Molding Technologies 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 Core Molding Technologies is a good buy for the upcoming year.
Core |
About Core Income Statement Analysis
Core Molding Technologies 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 Core Molding shareholders. The income statement also shows Core 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).
Core Molding Income Statement Chart
Core Molding Technologies Income Statement is one of the three primary financial statements used for reporting Core's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Core Molding Technologies revenue and expense. Core Molding Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Core Molding's Income Before Tax is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 1.2 M in 2024, whereas Cost Of Revenue is likely to drop slightly above 151.2 M in 2024. Add Fundamental
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Core Molding Technologies minus its cost of goods sold. It is profit before Core Molding 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 Core Molding Technologies. It is also known as Core Molding 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 Core Molding's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Core Molding Technologies 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 Core Molding Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, Core Molding's Income Before Tax is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 1.2 M in 2024, whereas Cost Of Revenue is likely to drop slightly above 151.2 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 41.3M | 52.4M | 62.3M | 65.4M | Total Revenue | 307.5M | 377.4M | 357.7M | 375.6M |
Core Molding income statement Correlations
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Core Molding Account Relationship Matchups
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Core Molding income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 94K | 11.7M | 11.8M | 12.0M | 12.8M | 13.5M | |
| Interest Expense | 4.1M | 5.9M | 2.3M | 2.0M | 1.5M | 1.5M | |
| Selling General Administrative | 28.9M | 24.1M | 30.1M | 34.3M | 37.8M | 39.7M | |
| Total Revenue | 284.3M | 222.4M | 307.5M | 377.4M | 357.7M | 375.6M | |
| Gross Profit | 21.5M | 34.5M | 41.3M | 52.4M | 62.3M | 65.4M | |
| Other Operating Expenses | 291.7M | 212.0M | 296.4M | 359.4M | 333.1M | 168.9M | |
| Operating Income | (7.4M) | 10.4M | 11.1M | 18.0M | 24.6M | 25.8M | |
| Ebit | (7.4M) | 10.4M | 11.1M | 18.0M | 24.6M | 25.8M | |
| Ebitda | (7.3M) | 22.1M | 22.8M | 30.0M | 37.4M | 39.3M | |
| Cost Of Revenue | 262.8M | 187.9M | 266.1M | 325.0M | 295.4M | 151.2M | |
| Total Operating Expenses | 28.9M | 24.1M | 30.3M | 34.4M | 37.7M | 39.6M | |
| Income Before Tax | (15.6M) | 4.5M | 8.9M | 14.6M | 25.7M | 27.0M | |
| Total Other Income Expense Net | (8.2M) | (5.8M) | (2.1M) | (3.4M) | 1.1M | 1.2M | |
| Net Income | (15.2M) | 8.2M | 4.7M | 12.2M | 20.3M | 21.3M | |
| Income Tax Expense | (355K) | (3.6M) | 4.2M | 2.4M | 5.4M | 5.7M | |
| Research Development | 1.2M | 1.2M | 1.3M | 1.6M | 1.7M | 1.8M | |
| Net Income Applicable To Common Shares | (15.2M) | 8.2M | 4.7M | 12.2M | 14.0M | 14.7M | |
| Net Income From Continuing Ops | (15.2M) | 8.2M | 4.7M | 12.2M | 23.0M | 24.1M | |
| Tax Provision | (355K) | (3.6M) | 4.2M | 2.4M | 2.9M | 1.5M | |
| Interest Income | 4.1M | 5.9M | 2.3M | 2.0M | 2.3M | 2.4M | |
| Net Interest Income | (4.1M) | (5.9M) | (2.3M) | (2.0M) | (1.3M) | (1.3M) | |
| Reconciled Depreciation | 10.4M | 11.7M | 11.6M | 11.9M | 12.1M | 11.5M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Core Molding in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Core Molding's short interest history, or implied volatility extrapolated from Core Molding options trading.
Pair Trading with Core Molding
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 Core Molding 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 Core Molding will appreciate offsetting losses from the drop in the long position's value.Moving against Core Stock
| 0.56 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
| 0.51 | CC | Chemours | PairCorr |
The ability to find closely correlated positions to Core Molding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Core Molding 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 Core Molding - 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 Core Molding Technologies to buy it.
The correlation of Core Molding 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 Core Molding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Molding Technologies 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 Core Molding 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 Core Molding Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Core Stock analysis
When running Core Molding's price analysis, check to measure Core Molding'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 Core Molding is operating at the current time. Most of Core Molding's value examination focuses on studying past and present price action to predict the probability of Core Molding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Molding's price. Additionally, you may evaluate how the addition of Core Molding to your portfolios can decrease your overall portfolio volatility.
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Is Core Molding'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 Core Molding. If investors know Core 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 Core Molding 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 (0.57) | Earnings Share 2.31 | Revenue Per Share 41.841 | Quarterly Revenue Growth (0.15) | Return On Assets 0.082 |
The market value of Core Molding Technologies is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Molding's value that differs from its market value or its book value, called intrinsic value, which is Core Molding'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 Core Molding's market value can be influenced by many factors that don't directly affect Core Molding'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 Core Molding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Molding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Molding'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.