Nova Historical Income Statement

NVFY Stock

USD 2.66 0.13 4.66%

Historical analysis of Nova Lifestyle income statement accounts such as Gross Profit of 5.6 M can show how well Nova Lifestyle I performed in making a profits. Evaluating Nova Lifestyle income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Nova Lifestyle's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Nova Lifestyle I 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 Nova Lifestyle I is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

About Nova Income Statement Analysis

Nova Lifestyle I 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 Nova Lifestyle shareholders. The income statement also shows Nova 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).

Nova Lifestyle Income Statement Chart

Nova Lifestyle I Income Statement is one of the three primary financial statements used for reporting Nova's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nova Lifestyle I revenue and expense. Nova Lifestyle Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Nova Lifestyle's Interest Expense is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 6.1 M in 2024, whereas Total Revenue is likely to drop slightly above 10.5 M in 2024.

Selling General Administrative Gross Profit Total Operating Expenses Other Operating Expenses Selling And Marketing Expenses

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Nova Lifestyle I minus its cost of goods sold. It is profit before Nova Lifestyle 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.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Nova Lifestyle I. It is also known as Nova Lifestyle 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 Nova Lifestyle's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Nova Lifestyle I 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Lifestyle I. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	32.6M	29.0M	17.5M	16.6M
Depreciation And Amortization	756.8K	1.2M	822.1K	1.1M

Other Operating Expenses Depreciation And Amortization

Nova Lifestyle income statement Correlations

	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Operating Income	Net Income From Continuing Ops	Ebit	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Other Operating Expenses	Ebitda	Selling And Marketing Expenses	Research Development	Non Operating Income Net Other	Tax Provision	Discontinued Operations	Interest Income	Extraordinary Items	Net Interest Income	Reconciled Depreciation
Interest Expense		-0.01	-0.46	-0.25	-0.35	-0.48	-0.35	-0.5	0.1	-0.37	-0.36	-0.38	-0.02	0.12	-0.44	-0.35	-0.15	-0.2	0.02	-0.24	0.15	-0.46	-0.35	0.5	-0.51
Selling General Administrative	-0.01		0.74	0.49	0.2	0.21	0.21	0.78	0.97	0.21	0.21	0.19	0.17	0.57	0.82	0.23	0.78	0.42	-0.29	0.0	0.06	-0.2	-0.06	-0.04	0.08
Total Revenue	-0.46	0.74		0.83	0.69	0.74	0.7	0.98	0.73	0.7	0.38	0.7	0.27	0.49	0.98	0.72	0.81	0.38	-0.34	0.25	0.24	0.43	0.41	-0.62	0.56
Gross Profit	-0.25	0.49	0.83		0.95	0.93	0.95	0.7	0.52	0.95	0.32	0.94	0.48	0.31	0.7	0.96	0.59	0.31	-0.22	0.44	0.36	0.54	0.46	-0.67	0.57
Operating Income	-0.35	0.2	0.69	0.95		0.98	1.0	0.54	0.22	0.99	0.27	0.99	0.49	0.13	0.52	1.0	0.37	0.25	-0.13	0.51	0.39	0.68	0.52	-0.74	0.62
Net Income From Continuing Ops	-0.48	0.21	0.74	0.93	0.98		0.98	0.61	0.22	0.99	0.39	0.99	0.39	0.14	0.58	0.98	0.43	0.19	-0.14	0.46	0.35	0.73	0.6	-0.8	0.66
Ebit	-0.35	0.21	0.7	0.95	1.0	0.98		0.55	0.23	1.0	0.29	0.99	0.49	0.14	0.53	1.0	0.38	0.25	-0.14	0.51	0.39	0.68	0.53	-0.74	0.62
Cost Of Revenue	-0.5	0.78	0.98	0.7	0.54	0.61	0.55		0.75	0.55	0.38	0.55	0.17	0.52	1.0	0.57	0.82	0.37	-0.36	0.16	0.18	0.34	0.35	-0.55	0.51
Total Operating Expenses	0.1	0.97	0.73	0.52	0.22	0.22	0.23	0.75		0.23	0.24	0.22	0.16	0.59	0.79	0.26	0.84	0.3	-0.34	-0.04	0.04	-0.14	0.02	-0.09	0.1
Income Before Tax	-0.37	0.21	0.7	0.95	0.99	0.99	1.0	0.55	0.23		0.37	1.0	0.49	0.16	0.53	1.0	0.39	0.24	-0.1	0.52	0.37	0.69	0.53	-0.75	0.63
Total Other Income Expense Net	-0.36	0.21	0.38	0.32	0.27	0.39	0.29	0.38	0.24	0.37		0.37	0.14	0.31	0.37	0.3	0.41	-0.01	0.24	0.2	-0.03	0.37	0.23	-0.34	0.34
Net Income	-0.38	0.19	0.7	0.94	0.99	0.99	0.99	0.55	0.22	1.0	0.37		0.43	0.13	0.53	0.99	0.39	0.19	-0.1	0.47	0.38	0.7	0.58	-0.76	0.62
Income Tax Expense	-0.02	0.17	0.27	0.48	0.49	0.39	0.49	0.17	0.16	0.49	0.14	0.43		0.44	0.18	0.5	0.04	0.69	0.0	0.91	0.1	0.25	-0.41	-0.14	0.41
Depreciation And Amortization	0.12	0.57	0.49	0.31	0.13	0.14	0.14	0.52	0.59	0.16	0.31	0.13	0.44		0.54	0.19	0.58	0.33	-0.45	0.35	0.15	0.22	-0.25	-0.15	0.32
Other Operating Expenses	-0.44	0.82	0.98	0.7	0.52	0.58	0.53	1.0	0.79	0.53	0.37	0.53	0.18	0.54		0.55	0.85	0.37	-0.36	0.14	0.17	0.3	0.33	-0.52	0.47
Ebitda	-0.35	0.23	0.72	0.96	1.0	0.98	1.0	0.57	0.26	1.0	0.3	0.99	0.5	0.19	0.55		0.4	0.26	-0.16	0.52	0.39	0.69	0.51	-0.74	0.63
Selling And Marketing Expenses	-0.15	0.78	0.81	0.59	0.37	0.43	0.38	0.82	0.84	0.39	0.41	0.39	0.04	0.58	0.85	0.4		0.15	-0.47	-0.01	-0.06	0.26	0.33	-0.5	0.41
Research Development	-0.2	0.42	0.38	0.31	0.25	0.19	0.25	0.37	0.3	0.24	-0.01	0.19	0.69	0.33	0.37	0.26	0.15		0.05	0.71	0.13	-0.16	-0.51	0.04	0.25
Non Operating Income Net Other	0.02	-0.29	-0.34	-0.22	-0.13	-0.14	-0.14	-0.36	-0.34	-0.1	0.24	-0.1	0.0	-0.45	-0.36	-0.16	-0.47	0.05		0.11	-0.04	-0.27	-0.14	0.22	-0.21
Tax Provision	-0.24	0.0	0.25	0.44	0.51	0.46	0.51	0.16	-0.04	0.52	0.2	0.47	0.91	0.35	0.14	0.52	-0.01	0.71	0.11		0.06	0.38	-0.34	-0.27	0.54
Discontinued Operations	0.15	0.06	0.24	0.36	0.39	0.35	0.39	0.18	0.04	0.37	-0.03	0.38	0.1	0.15	0.17	0.39	-0.06	0.13	-0.04	0.06		0.16	0.19	-0.15	0.08
Interest Income	-0.46	-0.2	0.43	0.54	0.68	0.73	0.68	0.34	-0.14	0.69	0.37	0.7	0.25	0.22	0.3	0.69	0.26	-0.16	-0.27	0.38	0.16		0.58	-0.89	0.81
Extraordinary Items	-0.35	-0.06	0.41	0.46	0.52	0.6	0.53	0.35	0.02	0.53	0.23	0.58	-0.41	-0.25	0.33	0.51	0.33	-0.51	-0.14	-0.34	0.19	0.58		-0.7	0.28
Net Interest Income	0.5	-0.04	-0.62	-0.67	-0.74	-0.8	-0.74	-0.55	-0.09	-0.75	-0.34	-0.76	-0.14	-0.15	-0.52	-0.74	-0.5	0.04	0.22	-0.27	-0.15	-0.89	-0.7		-0.86
Reconciled Depreciation	-0.51	0.08	0.56	0.57	0.62	0.66	0.62	0.51	0.1	0.63	0.34	0.62	0.41	0.32	0.47	0.63	0.41	0.25	-0.21	0.54	0.08	0.81	0.28	-0.86

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Nova Lifestyle Account Relationship Matchups

Nova Lifestyle income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	153.2K	170.2K	330.4K	1.5M	1.7M	1.8M
Selling General Administrative	5.5M	4.7M	5.7M	5.6M	5.1M	6.1M
Total Revenue	22.0M	11.4M	12.8M	12.7M	11.1M	10.5M
Gross Profit	1.3M	(19.9M)	(10.3M)	(7.8M)	4.2M	5.6M
Operating Income	(5.8M)	(26.3M)	(19.8M)	(16.2M)	(6.4M)	(6.1M)
Net Income From Continuing Ops	(5.9M)	(25.8M)	(20.0M)	(17.1M)	(11.8M)	(11.3M)
Ebit	(5.8M)	(26.3M)	(19.8M)	(16.2M)	(6.4M)	(6.1M)
Cost Of Revenue	20.7M	31.2M	23.1M	20.5M	6.9M	6.6M
Total Operating Expenses	7.1M	6.4M	9.5M	8.4M	10.6M	9.6M
Income Before Tax	(5.9M)	(26.4M)	(19.8M)	(17.1M)	(7.0M)	(6.6M)
Total Other Income Expense Net	(89.3K)	(96.2K)	(3.0K)	(851.2K)	(573.6K)	(544.9K)
Net Income Applicable To Common Shares	(8.6M)	(26.1M)	(20.0M)	(17.1M)	(15.4M)	(14.6M)
Net Income	(6.1M)	(25.8M)	(20.0M)	(17.1M)	(7.7M)	(7.3M)
Income Tax Expense	251.0K	(649.2K)	163.9K	2.4K	731.1K	767.6K
Depreciation And Amortization	510.7K	1.0M	756.8K	1.2M	822.1K	1.1M
Other Operating Expenses	27.8M	37.7M	32.6M	29.0M	17.5M	16.6M
Ebitda	(5.3M)	(25.3M)	(19.0M)	(15.0M)	(5.6M)	(5.3M)
Selling And Marketing Expenses	1.6M	1.7M	3.8M	2.9M	2.4M	2.8M
Research Development	132.8K	33.7K	110.3K	10.9K	3.1M	3.0M
Non Operating Income Net Other	(279.4K)	(308.4K)	(115.2K)	(114.0K)	(131.1K)	(137.7K)
Tax Provision	251.0K	(649.2K)	163.9K	2.4K	152.2K	186.1K
Discontinued Operations	(2.5M)	(326.5K)	(15.7M)	(25.8K)	(23.2K)	(24.3K)
Net Interest Income	(127.3K)	(152.3K)	(215.4K)	(212.3K)	(169.2K)	(177.6K)
Reconciled Depreciation	510.8K	747.8K	853.2K	571.8K	648.9K	605.9K

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 Nova Lifestyle 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, Nova Lifestyle's short interest history, or implied volatility extrapolated from Nova Lifestyle options trading.

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When determining whether Nova Lifestyle I offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova Lifestyle's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Lifestyle I Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Lifestyle I Stock:

How To Invest In Nova

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Is Nova Stock a good investment?

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What is Nova Lifestyle's Net Worth?

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Note that the Nova Lifestyle I information on this page should be used as a complementary analysis to other Nova Lifestyle'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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running Nova Lifestyle's price analysis, check to measure Nova Lifestyle'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 Nova Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to predict the probability of Nova Lifestyle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.

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Is Nova Lifestyle'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 Nova Lifestyle. If investors know Nova 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 Nova Lifestyle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(4.96)

Revenue Per Share

7.123

Quarterly Revenue Growth

0.011

Return On Assets

(0.45)

Return On Equity

(2.17)

The market value of Nova Lifestyle I is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Lifestyle's value that differs from its market value or its book value, called intrinsic value, which is Nova Lifestyle'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 Nova Lifestyle's market value can be influenced by many factors that don't directly affect Nova Lifestyle'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 Nova Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Lifestyle'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.

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Nova Historical Income Statement

About Nova Income Statement Analysis

Nova Lifestyle Income Statement Chart

Gross Profit

Total Operating Expenses

Other Operating Expenses

Nova Lifestyle income statement Correlations

Nova Lifestyle Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nova Lifestyle income statement Accounts

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Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Ebit
Ebitda	+ 1.0	Ebit
Other Operating Expenses	+ 1.0	Cost Of Revenue
Net Income	+ 1.0	Income Before Tax

Net Interest Income	- 0.89	Interest Income
Reconciled Depreciation	- 0.86	Net Interest Income
Net Interest Income	- 0.8	Net Income From Continuing Ops
Net Interest Income	- 0.76	Net Income
Net Interest Income	- 0.75	Income Before Tax
Net Interest Income	- 0.74	Ebitda