California Historical Income Statement
| CWT Stock | USD 48.42 0.49 1.02% |
Historical analysis of California Water income statement accounts such as Total Revenue of 412.7 M, Gross Profit of 282 M or Operating Income of 64.6 M can show how well California Water Service performed in making a profits. Evaluating California Water income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of California Water's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining California Water Service 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 California Water Service is a good buy for the upcoming year.
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About California Income Statement Analysis
California Water Service 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 California Water shareholders. The income statement also shows California 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).
California Water Income Statement Chart
California Water Service Income Statement is one of the three primary financial statements used for reporting California's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of California Water Service revenue and expense. California Water Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, California Water's Net Income Applicable To Common Shares is comparatively stable compared to the past year. Non Operating Income Net Other is likely to gain to about 14.4 M in 2024, whereas Net Income is likely to drop slightly above 38.4 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts California Water Service 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 California Water Service minus its cost of goods sold. It is profit before California Water 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 California Water Service 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 California Water Service 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.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Cost Of Revenue
Cost of Revenue is found on California Water Service income statement and represents the costs associated with goods and services California Water provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from California Water's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into California Water Service 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 California Water Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. At this time, California Water's Net Income Applicable To Common Shares is comparatively stable compared to the past year. Non Operating Income Net Other is likely to gain to about 14.4 M in 2024, whereas Net Income is likely to drop slightly above 38.4 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 483.8M | 529.5M | 240.5M | 282.0M | Total Revenue | 790.9M | 846.4M | 794.6M | 412.7M |
California Water income statement Correlations
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California Water Account Relationship Matchups
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California Water income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 41.2M | 41.9M | 43.2M | 44.3M | 52.8M | 55.4M | |
| Total Revenue | 714.6M | 794.3M | 790.9M | 846.4M | 794.6M | 412.7M | |
| Gross Profit | 432.4M | 489.6M | 483.8M | 529.5M | 240.5M | 282.0M | |
| Operating Income | 99.4M | 136.7M | 126.2M | 127.7M | 61.9M | 64.6M | |
| Ebit | 99.4M | 136.7M | 126.2M | 127.7M | 61.9M | 92.7M | |
| Ebitda | 204.5M | 244.2M | 253.8M | 256.4M | 185.1M | 135.0M | |
| Net Income | 63.1M | 96.8M | 101.1M | 96.0M | 51.9M | 38.4M | |
| Income Tax Expense | 17.7M | 12.0M | 4.1M | 6.4M | (6.8M) | (6.4M) | |
| Depreciation And Amortization | 105.1M | 107.6M | 127.6M | 128.8M | 123.1M | 129.3M | |
| Selling General Administrative | 108.6M | 117.1M | 126.7M | 132.7M | 26K | 24.7K | |
| Other Operating Expenses | 598.9M | 646.2M | 661.3M | 715.5M | 732.7M | 413.8M | |
| Cost Of Revenue | 282.2M | 304.8M | 307.1M | 317.0M | 554.2M | 581.9M | |
| Total Operating Expenses | 316.7M | 341.5M | 354.3M | 398.5M | 178.5M | 243.9M | |
| Income Before Tax | 80.8M | 108.8M | 105.1M | 101.6M | 44.6M | 60.5M | |
| Total Other Income Expense Net | (18.6M) | (27.8M) | (21.1M) | (26.0M) | (17.4M) | (16.5M) | |
| Net Income Applicable To Common Shares | 63.1M | 96.8M | 101.1M | 96.0M | 110.4M | 115.9M | |
| Net Income From Continuing Ops | 145.6M | 96.8M | 101.0M | 95.3M | 40.9M | 38.9M | |
| Non Operating Income Net Other | 4.9M | 2.0M | 17.4M | 11.9M | 13.7M | 14.4M | |
| Tax Provision | 17.7M | 12.0M | 4.1M | 6.4M | 2.2M | 2.1M | |
| Interest Income | 41.2M | 41.9M | 43.2M | 177K | 303K | 287.9K | |
| Net Interest Income | (41.2M) | (41.9M) | (43.0M) | (44.2M) | (48.4M) | (50.8M) | |
| Reconciled Depreciation | 91.3M | 100.9M | 111.6M | 117.4M | 120.0M | 110.9M | |
| Extraordinary Items | 121M | 105M | (91.5M) | 108.4M | 124.7M | 130.9M |
California Water Investors Sentiment
The influence of California Water's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in California. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to California Water's public news can be used to forecast risks associated with an investment in California. The trend in average sentiment can be used to explain how an investor holding California can time the market purely based on public headlines and social activities around California Water Service. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
California Water's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for California Water's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average California Water's news discussions. The higher the estimated score, the more favorable is the investor's outlook on California Water.
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 California Water 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, California Water's short interest history, or implied volatility extrapolated from California Water options trading.
Pair Trading with California Water
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 California Water 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 California Water will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to California Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Water 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 California Water - 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 California Water Service to buy it.
The correlation of California Water 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 California Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Water Service 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 California Water 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 California Water Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for California Stock analysis
When running California Water's price analysis, check to measure California Water'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 California Water is operating at the current time. Most of California Water's value examination focuses on studying past and present price action to predict the probability of California Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Water's price. Additionally, you may evaluate how the addition of California Water to your portfolios can decrease your overall portfolio volatility.
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Is California Water'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 California Water. If investors know California 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 California Water 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 0.469 | Dividend Share 1.06 | Earnings Share 2.52 | Revenue Per Share 16.257 | Quarterly Revenue Growth 1.065 |
The market value of California Water Service is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Water's value that differs from its market value or its book value, called intrinsic value, which is California Water'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 California Water's market value can be influenced by many factors that don't directly affect California Water'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 California Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if California Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Water'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.