Commercial Historical Income Statement
| CVGI Stock | USD 6.18 0.03 0.49% |
Historical analysis of Commercial Vehicle income statement accounts such as Interest Expense of 17.1 M, Selling General Administrative of 62 M or Total Revenue of 763.5 M can show how well Commercial Vehicle Group performed in making a profits. Evaluating Commercial Vehicle income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Commercial Vehicle's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Commercial Vehicle 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 Commercial Vehicle is a good buy for the upcoming year.
Commercial |
About Commercial Income Statement Analysis
Commercial Vehicle 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 Commercial Vehicle shareholders. The income statement also shows Commercial 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).
Commercial Vehicle Income Statement Chart
Commercial Vehicle Group Income Statement is one of the three primary financial statements used for reporting Commercial's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Commercial Vehicle revenue and expense. Commercial Vehicle Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Commercial Vehicle's EBIT is increasing as compared to previous years. The Commercial Vehicle's current EBITDA is estimated to increase to about 77 M, while Selling General Administrative is projected to decrease to under 62 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Commercial Vehicle 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 Commercial Vehicle Group minus its cost of goods sold. It is profit before Commercial Vehicle 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 Commercial Vehicle. It is also known as Commercial Vehicle 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Commercial Vehicle income statement and is an important metric when analyzing Commercial Vehicle profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Commercial Vehicle's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Commercial Vehicle 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 Commercial Vehicle Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. As of now, Commercial Vehicle's EBIT is increasing as compared to previous years. The Commercial Vehicle's current EBITDA is estimated to increase to about 77 M, while Selling General Administrative is projected to decrease to under 62 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 11.2M | 9.8M | 12.9M | 17.1M | Depreciation And Amortization | 18.5M | 18.2M | 17.6M | 18.5M |
Commercial Vehicle income statement Correlations
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Commercial Vehicle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Commercial Vehicle income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 2.0M | 3.4M | 18.5M | 18.2M | 17.6M | 18.5M | |
| Interest Expense | 19.1M | 20.6M | 11.2M | 9.8M | 12.9M | 17.1M | |
| Selling General Administrative | 62.5M | 64.8M | 69.4M | 66.4M | 80.9M | 62.0M | |
| Total Revenue | 901.2M | 717.7M | 971.6M | 981.6M | 994.7M | 763.5M | |
| Gross Profit | 105.1M | 74.1M | 119.0M | 86.5M | 140.3M | 97.7M | |
| Other Operating Expenses | 860.6M | 711.9M | 922.0M | 961.4M | 939.0M | 727.0M | |
| Operating Income | 40.6M | 5.1M | 32.0M | (8.5M) | 55.7M | 58.5M | |
| Ebit | 40.6M | 5.1M | 32.0M | (8.5M) | 55.7M | 58.5M | |
| Ebitda | 42.6M | 8.6M | 50.5M | 9.7M | 73.3M | 77.0M | |
| Cost Of Revenue | 796.1M | 643.6M | 852.6M | 895.0M | 854.3M | 665.7M | |
| Total Operating Expenses | 64.5M | 68.2M | 69.4M | 66.4M | 84.7M | 60.1M | |
| Income Before Tax | 21.6M | (44.5M) | 32.1M | (1.1M) | 36.2M | 38.0M | |
| Total Other Income Expense Net | (19.1M) | (49.6M) | 161K | 7.4M | (19.5M) | (20.5M) | |
| Net Income | 15.8M | (37.0M) | 23.7M | (22.0M) | 49.4M | 51.9M | |
| Income Tax Expense | 5.8M | (7.5M) | 8.4M | 20.9M | (13.2M) | (12.6M) | |
| Net Income Applicable To Common Shares | 15.8M | (37.0M) | 23.7M | (22.0M) | (19.8M) | (18.8M) | |
| Net Income From Continuing Ops | 15.8M | (37.0M) | 23.7M | (22.0M) | (5.9M) | (5.6M) | |
| Non Operating Income Net Other | 1.3M | (2.2M) | (6.3M) | (11.4M) | (10.2M) | (9.7M) | |
| Tax Provision | 5.8M | (7.5M) | 8.4M | 20.9M | 25.5M | 26.8M | |
| Net Interest Income | (16.9M) | (20.6M) | (11.2M) | (9.8M) | (11.2M) | (11.8M) | |
| Reconciled Depreciation | 15.5M | 18.5M | 18.5M | 18.2M | 17.7M | 18.7M |
Pair Trading with Commercial Vehicle
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 Commercial Vehicle 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 Commercial Vehicle will appreciate offsetting losses from the drop in the long position's value.Moving together with Commercial Stock
| 0.66 | FBYD | Falcons Beyond Global | PairCorr |
Moving against Commercial Stock
| 0.61 | MLR | Miller Industries | PairCorr |
| 0.57 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
| 0.52 | WAB | Westinghouse Air Brake | PairCorr |
| 0.46 | ALSN | Allison Transmission Downward Rally | PairCorr |
| 0.42 | RAIL | Freightcar America Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Commercial Vehicle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commercial Vehicle 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 Commercial Vehicle - 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 Commercial Vehicle Group to buy it.
The correlation of Commercial Vehicle 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 Commercial Vehicle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commercial Vehicle 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 Commercial Vehicle 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 Commercial Vehicle Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Commercial Vehicle information on this page should be used as a complementary analysis to other Commercial Vehicle'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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Commercial Stock analysis
When running Commercial Vehicle's price analysis, check to measure Commercial Vehicle'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 Commercial Vehicle is operating at the current time. Most of Commercial Vehicle's value examination focuses on studying past and present price action to predict the probability of Commercial Vehicle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Vehicle's price. Additionally, you may evaluate how the addition of Commercial Vehicle to your portfolios can decrease your overall portfolio volatility.
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Is Commercial Vehicle'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 Commercial Vehicle. If investors know Commercial 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 Commercial Vehicle 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 1.011 | Earnings Share 1.47 | Revenue Per Share 30.105 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0647 |
The market value of Commercial Vehicle is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Vehicle's value that differs from its market value or its book value, called intrinsic value, which is Commercial Vehicle'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 Commercial Vehicle's market value can be influenced by many factors that don't directly affect Commercial Vehicle'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 Commercial Vehicle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Vehicle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Vehicle'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.