Carriage Historical Income Statement
| CSV Stock | USD 27.07 0.38 1.42% |
Historical analysis of Carriage Services income statement accounts such as Interest Expense of 38.1 M, Selling General Administrative of 21.2 M or Total Revenue of 227.1 M can show how well Carriage Services performed in making a profits. Evaluating Carriage Services income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Carriage Services's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Carriage Services 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 Carriage Services is a good buy for the upcoming year.
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About Carriage Income Statement Analysis
Carriage Services 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 Carriage Services shareholders. The income statement also shows Carriage 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).
Carriage Services Income Statement Chart
Carriage Services Income Statement is one of the three primary financial statements used for reporting Carriage's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Carriage Services revenue and expense. Carriage Services Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Carriage Services' Interest Expense is fairly stable compared to the past year. Income Before Tax is likely to climb to about 48.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 21.2 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Carriage Services 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 Carriage Services minus its cost of goods sold. It is profit before Carriage Services 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 Carriage Services. It is also known as Carriage Services 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.Operating Income
Operating Income is the amount of profit realized from Carriage Services 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 Carriage Services 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 Carriage Services' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Carriage Services 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 Carriage Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Carriage Stock please use our How to Invest in Carriage Services guide.At this time, Carriage Services' Interest Expense is fairly stable compared to the past year. Income Before Tax is likely to climb to about 48.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 21.2 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 129.5M | 119.2M | 124.3M | 68.0M | Total Revenue | 375.9M | 370.2M | 382.5M | 227.1M |
Carriage Services income statement Correlations
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Carriage Services Account Relationship Matchups
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Carriage Services income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 13.7M | 19.4M | 22.4M | 23.2M | 22.5M | 14.8M | |
| Interest Expense | 25.8M | 32.7M | 25.5M | 25.9M | 36.3M | 38.1M | |
| Selling General Administrative | 25.9M | 25.8M | 33.9M | 37.5M | 42.1M | 21.2M | |
| Total Revenue | 274.1M | 329.4M | 375.9M | 370.2M | 382.5M | 227.1M | |
| Gross Profit | 79.6M | 105.9M | 129.5M | 119.2M | 124.3M | 68.0M | |
| Other Operating Expenses | 221.8M | 250.8M | 281.6M | 288.4M | 300.4M | 185.2M | |
| Operating Income | 52.3M | 78.8M | 93.7M | 79.7M | 81.0M | 41.8M | |
| Ebit | 52.3M | 78.8M | 93.7M | 79.7M | 83.5M | 47.4M | |
| Ebitda | 66.0M | 98.2M | 116.0M | 102.9M | 106.1M | 62.2M | |
| Cost Of Revenue | 194.5M | 223.5M | 246.4M | 250.9M | 258.2M | 159.1M | |
| Total Operating Expenses | 27.3M | 27.3M | 35.2M | 37.5M | 42.1M | 26.1M | |
| Income Before Tax | 22.4M | 24.6M | 44.3M | 57.2M | 46.4M | 48.8M | |
| Total Other Income Expense Net | (29.9M) | (54.2M) | (49.4M) | (22.5M) | 525K | 551.3K | |
| Net Income | 14.5M | 16.1M | 33.2M | 41.4M | 33.4M | 35.1M | |
| Income Tax Expense | 7.9M | 8.6M | 11.1M | 15.8M | 13.0M | 13.7M | |
| Net Income Applicable To Common Shares | 15.0M | 16.7M | 33.2M | 41.0M | 47.1M | 49.4M | |
| Net Income From Continuing Ops | 15.0M | 16.7M | 33.2M | 41.0M | 30.0M | 24.5M | |
| Non Operating Income Net Other | (4.1M) | 152K | (84K) | 82K | 94.3K | 99.0K | |
| Tax Provision | 7.9M | 8.6M | 11.1M | 15.8M | 12.8M | 10.4M | |
| Interest Income | 25.8M | 32.7M | 25.5M | 25.9M | 29.8M | 25.0M | |
| Net Interest Income | (25.8M) | (32.7M) | (25.5M) | (25.9M) | (34.9M) | (36.6M) | |
| Reconciled Depreciation | 17.8M | 19.4M | 21.8M | 21.1M | 22.1M | 21.3M |
Pair Trading with Carriage Services
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 Carriage Services 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 Carriage Services will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Carriage Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carriage Services 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 Carriage Services - 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 Carriage Services to buy it.
The correlation of Carriage Services 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 Carriage Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carriage Services 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 Carriage Services 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 Carriage Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Carriage Stock please use our How to Invest in Carriage Services guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Carriage Services' price analysis, check to measure Carriage Services' 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 Carriage Services is operating at the current time. Most of Carriage Services' value examination focuses on studying past and present price action to predict the probability of Carriage Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carriage Services' price. Additionally, you may evaluate how the addition of Carriage Services to your portfolios can decrease your overall portfolio volatility.
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Is Carriage Services' 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 Carriage Services. If investors know Carriage 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 Carriage Services 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 (0.21) | Dividend Share 0.45 | Earnings Share 2.02 | Revenue Per Share 26.327 | Quarterly Revenue Growth 0.084 |
The market value of Carriage Services is measured differently than its book value, which is the value of Carriage that is recorded on the company's balance sheet. Investors also form their own opinion of Carriage Services' value that differs from its market value or its book value, called intrinsic value, which is Carriage Services' 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 Carriage Services' market value can be influenced by many factors that don't directly affect Carriage Services' 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 Carriage Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Carriage Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carriage Services' 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.