TechPrecision Historical Income Statement
TPCS Stock | USD 3.51 0.05 1.45% |
Historical analysis of TechPrecision Common income statement accounts such as Other Operating Expenses of 18.4 M, Ebitda of 1.3 M, Cost Of Revenue of 15.1 M or Total Operating Expenses of 4.5 M can show how well TechPrecision Common performed in making a profits. Evaluating TechPrecision Common income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of TechPrecision Common's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining TechPrecision Common 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 TechPrecision Common is a good buy for the upcoming year.
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About TechPrecision Income Statement Analysis
TechPrecision Common 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 TechPrecision Common shareholders. The income statement also shows TechPrecision 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).
TechPrecision Common Income Statement Chart
TechPrecision Common Income Statement is one of the three primary financial statements used for reporting TechPrecision's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of TechPrecision Common revenue and expense. TechPrecision Common Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, TechPrecision Common's Depreciation And Amortization is comparatively stable compared to the past year. EBITDA is likely to gain to about 1.3 M in 2024, whereas Total Revenue is likely to drop slightly above 19.2 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts TechPrecision Common 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of TechPrecision Common. It is also known as TechPrecision Common 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.Cost Of Revenue
Cost of Revenue is found on TechPrecision Common income statement and represents the costs associated with goods and services TechPrecision Common 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.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.Most accounts from TechPrecision Common's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into TechPrecision Common 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TechPrecision Common. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy TechPrecision Stock please use our How to Invest in TechPrecision Common guide.At this time, TechPrecision Common's Depreciation And Amortization is comparatively stable compared to the past year. EBITDA is likely to gain to about 1.3 M in 2024, whereas Total Revenue is likely to drop slightly above 19.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 22.3M | 31.4M | 28.3M | 19.2M | Interest Expense | 269.4K | 355.6K | 320.0K | 304.0K |
TechPrecision Common income statement Correlations
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TechPrecision Common Account Relationship Matchups
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TechPrecision Common income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 717.6K | 708.6K | (28.4K) | 2.2M | 2.6M | 2.7M | |
Interest Expense | 296.1K | 202.3K | 269.4K | 355.6K | 320.0K | 304.0K | |
Total Revenue | 16.0M | 15.6M | 22.3M | 31.4M | 28.3M | 19.2M | |
Gross Profit | 3.1M | 3.5M | 3.4M | 4.9M | 4.4M | 4.0M | |
Other Operating Expenses | 15.7M | 15.0M | 23.8M | 32.5M | 29.3M | 18.4M | |
Operating Income | 376.5K | 623.2K | (1.6M) | (1.1M) | (957.9K) | (910.0K) | |
Ebit | 376.5K | 623.2K | (1.6M) | (1.1M) | (957.9K) | (910.0K) | |
Ebitda | 1.1M | 1.3M | (1.6M) | 1.2M | 1.0M | 1.3M | |
Cost Of Revenue | 12.9M | 12.1M | 18.9M | 26.5M | 23.9M | 15.1M | |
Total Operating Expenses | 2.8M | 2.8M | 4.9M | 6.0M | 6.9M | 4.5M | |
Income Before Tax | (414.6K) | 425.5K | (542.2K) | (783.4K) | (705.1K) | (669.8K) | |
Total Other Income Expense Net | (791.1K) | (197.7K) | 1.0M | 281.0K | 323.1K | 339.3K | |
Net Income | (341.6K) | 320.6K | (349.8K) | (979.0K) | (881.1K) | (837.1K) | |
Income Tax Expense | (73.0K) | 104.9K | (192.4K) | 195.6K | 176.0K | 217.4K | |
Selling General Administrative | 2.8M | 2.8M | 4.9M | 6.0M | 5.4M | 5.1M | |
Net Income Applicable To Common Shares | (341.6K) | 320.6K | (349.8K) | (979.0K) | (881.1K) | (837.1K) | |
Net Income From Continuing Ops | (341.6K) | 320.6K | (542.2K) | (979.0K) | (1.1M) | (1.1M) | |
Non Operating Income Net Other | 41.0K | 22.8K | 4.6K | 677.4K | 779.0K | 818.0K | |
Tax Provision | (73.0K) | 104.9K | (192.4K) | 195.6K | 224.9K | 236.2K | |
Net Interest Income | (296.1K) | (202.3K) | (269.4K) | (355.6K) | (408.9K) | (429.4K) | |
Reconciled Depreciation | 717.6K | 704.0K | 1.5M | 2.2M | 2.6M | 2.7M |
Pair Trading with TechPrecision Common
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 TechPrecision Common 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 TechPrecision Common will appreciate offsetting losses from the drop in the long position's value.Moving against TechPrecision Stock
0.54 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
0.42 | WOR | Worthington Industries Earnings Call This Week | PairCorr |
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0.42 | SGBX | SG Blocks Trending | PairCorr |
The ability to find closely correlated positions to TechPrecision Common could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TechPrecision Common 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 TechPrecision Common - 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 TechPrecision Common to buy it.
The correlation of TechPrecision Common 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 TechPrecision Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TechPrecision Common 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 TechPrecision Common 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TechPrecision Common. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy TechPrecision Stock please use our How to Invest in TechPrecision Common guide.Note that the TechPrecision Common information on this page should be used as a complementary analysis to other TechPrecision Common'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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for TechPrecision Stock analysis
When running TechPrecision Common's price analysis, check to measure TechPrecision Common'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 TechPrecision Common is operating at the current time. Most of TechPrecision Common's value examination focuses on studying past and present price action to predict the probability of TechPrecision Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechPrecision Common's price. Additionally, you may evaluate how the addition of TechPrecision Common to your portfolios can decrease your overall portfolio volatility.
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Is TechPrecision Common'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 TechPrecision Common. If investors know TechPrecision 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 TechPrecision Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.34) | Revenue Per Share 3.515 | Quarterly Revenue Growth (0.08) | Return On Assets (0.05) | Return On Equity (0.21) |
The market value of TechPrecision Common is measured differently than its book value, which is the value of TechPrecision that is recorded on the company's balance sheet. Investors also form their own opinion of TechPrecision Common's value that differs from its market value or its book value, called intrinsic value, which is TechPrecision Common'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 TechPrecision Common's market value can be influenced by many factors that don't directly affect TechPrecision Common'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 TechPrecision Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechPrecision Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechPrecision Common'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.