Compass Historical Income Statement
CODI Stock | USD 21.26 1.31 5.80% |
Historical analysis of Compass Diversified income statement accounts such as Selling General Administrative of 65 M, Total Revenue of 1.3 B or Gross Profit of 938 M can show how well Compass Diversified Holdings performed in making a profits. Evaluating Compass Diversified income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Compass Diversified's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Compass Diversified 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 Compass Diversified is a good buy for the upcoming year.
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About Compass Income Statement Analysis
Compass Diversified 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 Compass Diversified shareholders. The income statement also shows Compass 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).
Compass Diversified Income Statement Chart
Compass Diversified Holdings Income Statement is one of the three primary financial statements used for reporting Compass's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Compass Diversified revenue and expense. Compass Diversified Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Compass Diversified's Net Income is increasing as compared to previous years. The Compass Diversified's current Income Tax Expense is estimated to increase to about 22.4 M, while Selling General Administrative is projected to decrease to under 65 M. Add Fundamental
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Compass Diversified Holdings minus its cost of goods sold. It is profit before Compass Diversified 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.Operating Income
Operating Income is the amount of profit realized from Compass Diversified operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Compass Diversified Holdings is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Compass Diversified's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Compass Diversified 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 Compass Diversified Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. As of now, Compass Diversified's Net Income is increasing as compared to previous years. The Compass Diversified's current Income Tax Expense is estimated to increase to about 22.4 M, while Selling General Administrative is projected to decrease to under 65 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 726.0M | 907.7M | 893.3M | 938.0M | Total Revenue | 1.8B | 2.3B | 2.1B | 1.3B |
Compass Diversified income statement Correlations
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Compass Diversified Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Compass Diversified income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 58.2M | 45.8M | 57.3M | 83.5M | 105.1M | 110.4M | |
Selling General Administrative | 335.2M | 371.3M | 506.1M | 553.6M | 68.4M | 65.0M | |
Total Revenue | 1.5B | 1.6B | 1.8B | 2.3B | 2.1B | 1.3B | |
Gross Profit | 519.4M | 562.8M | 726.0M | 907.7M | 893.3M | 938.0M | |
Operating Income | 87.6M | 94.8M | 139.5M | 175.6M | 90.1M | 52.9M | |
Cost Of Revenue | 930.8M | 998.0M | 1.1B | 1.4B | 1.2B | 887.3M | |
Income Before Tax | (26.0M) | 44.0M | 43.2M | 87.1M | (17.4M) | (16.5M) | |
Net Income Applicable To Common Shares | 301.9M | 22.8M | 114.6M | 36.4M | 41.8M | 81.8M | |
Net Income | (40.8M) | 22.8M | 24.9M | 36.4M | 246.3M | 258.6M | |
Income Tax Expense | 14.7M | 16.9M | 18.3M | 45.0M | 21.3M | 22.4M | |
Other Operating Expenses | 1.4B | 1.5B | 1.7B | 2.1B | 1.9B | 1.3B | |
Ebit | 87.6M | 94.8M | 139.5M | 175.6M | 178.9M | 187.8M | |
Ebitda | 141.7M | 151.7M | 252.9M | 286.0M | 321.2M | 337.3M | |
Total Operating Expenses | 426.4M | 467.9M | 586.5M | 711.6M | 713.9M | 366.1M | |
Depreciation And Amortization | 54.2M | 56.9M | 113.4M | 110.5M | 142.4M | 149.5M | |
Research Development | 900K | 3M | 11.9M | 12.9M | 14.6M | 15.3M | |
Total Other Income Expense Net | (113.6M) | (50.8M) | (96.3M) | (88.5M) | (87.7M) | (83.3M) | |
Minority Interest | 5.5M | 4.4M | 7.7M | 15.1M | (14.2M) | (13.5M) | |
Selling And Marketing Expenses | 17.4M | 20.2M | 26.1M | 31.9M | 33.4M | 21.2M | |
Net Income From Continuing Ops | (40.8M) | 27.1M | 24.9M | 42.0M | 21.0M | 38.4M | |
Non Operating Income Net Other | (17.8M) | (5.1M) | (37.5M) | (5.0M) | (4.5M) | (4.3M) | |
Discontinued Operations | 16.9M | 100K | 29.2M | 9.4M | 8.5M | 11.8M | |
Tax Provision | 14.7M | 16.9M | 18.3M | 45.0M | 28.7M | 30.1M | |
Interest Income | 71.7M | 476K | 96K | 49K | 2.0M | 1.9M | |
Net Interest Income | (61.5M) | (48.2M) | (61.8M) | (87.2M) | (110.2M) | (104.7M) | |
Reconciled Depreciation | 87.3M | 102.8M | 117.6M | 138.8M | 157.5M | 131.2M |
Pair Trading with Compass Diversified
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 Compass Diversified 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 Compass Diversified will appreciate offsetting losses from the drop in the long position's value.Moving together with Compass Stock
0.71 | AB | AllianceBernstein | PairCorr |
The ability to find closely correlated positions to Compass Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compass Diversified 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 Compass Diversified - 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 Compass Diversified Holdings to buy it.
The correlation of Compass Diversified 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 Compass Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compass Diversified 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 Compass Diversified 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 Compass Diversified Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Compass Diversified information on this page should be used as a complementary analysis to other Compass Diversified's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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When running Compass Diversified's price analysis, check to measure Compass Diversified'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 Compass Diversified is operating at the current time. Most of Compass Diversified's value examination focuses on studying past and present price action to predict the probability of Compass Diversified's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Compass Diversified's price. Additionally, you may evaluate how the addition of Compass Diversified to your portfolios can decrease your overall portfolio volatility.
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Is Compass Diversified'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 Compass Diversified. If investors know Compass 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 Compass Diversified 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 (0.13) | Dividend Share 1 | Earnings Share (1.71) | Revenue Per Share 28.554 | Quarterly Revenue Growth 0.039 |
The market value of Compass Diversified is measured differently than its book value, which is the value of Compass that is recorded on the company's balance sheet. Investors also form their own opinion of Compass Diversified's value that differs from its market value or its book value, called intrinsic value, which is Compass Diversified'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 Compass Diversified's market value can be influenced by many factors that don't directly affect Compass Diversified'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 Compass Diversified's value and its price as these two are different measures arrived at by different means. Investors typically determine if Compass Diversified is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Compass Diversified'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.