Air Historical Income Statement
| AIRT Stock | USD 24.22 1.90 7.27% |
Historical analysis of Air T income statement accounts such as Interest Expense of 9.6 M, Selling General Administrative of 54.8 M or Total Revenue of 298.6 M can show how well Air T Inc performed in making a profits. Evaluating Air T income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Air T's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Air T Inc 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 Air T Inc is a good buy for the upcoming year.
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About Air Income Statement Analysis
Air T Inc 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 Air T shareholders. The income statement also shows Air 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).
Air T Income Statement Chart
Air T Inc Income Statement is one of the three primary financial statements used for reporting Air's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Air T Inc revenue and expense. Air T Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Air T's EBITDA is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 239.7 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (13.5 M). Add Fundamental
Total Revenue
Total revenue comprises all receipts Air T Inc 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 Air T Inc minus its cost of goods sold. It is profit before Air T 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 Air T Inc. It is also known as Air T 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 Air T's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Air T Inc 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 Air T Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Air T's EBITDA is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 239.7 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (13.5 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 39.4M | 48.8M | 56.1M | 59.0M | Total Revenue | 177.1M | 247.3M | 284.4M | 298.6M |
Air T income statement Correlations
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Air T Account Relationship Matchups
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Air T income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 5.7M | 3.1M | 3.8M | 4.2M | 4.8M | 5.0M | |
| Interest Expense | 4.5M | 4.4M | 4.8M | 7.9M | 9.1M | 9.6M | |
| Selling General Administrative | 39.6M | 34.3M | 29.8M | 45.4M | 52.2M | 54.8M | |
| Total Revenue | 236.8M | 175.1M | 177.1M | 247.3M | 284.4M | 298.6M | |
| Gross Profit | 46.9M | 31.7M | 39.4M | 48.8M | 56.1M | 59.0M | |
| Other Operating Expenses | 229.5M | 177.7M | 167.5M | 243.9M | 280.5M | 294.5M | |
| Operating Income | 4.8M | (847K) | 8.8M | 4.4M | 5.1M | 5.3M | |
| Ebit | 4.8M | (847K) | 8.8M | 4.4M | 5.1M | 5.3M | |
| Ebitda | 10.5M | 2.3M | 12.5M | 8.6M | 9.9M | 10.4M | |
| Cost Of Revenue | 189.9M | 143.5M | 137.7M | 198.5M | 228.3M | 239.7M | |
| Total Operating Expenses | 39.6M | 34.3M | 29.8M | 45.4M | 52.2M | 34.2M | |
| Income Before Tax | 2.6M | (11.8M) | 13.4M | (11.4M) | (10.2M) | (9.7M) | |
| Total Other Income Expense Net | (2.2M) | (10.9M) | 4.6M | (15.8M) | (14.2M) | (13.5M) | |
| Net Income | 3.2M | (8.4M) | 10.9M | (11.8M) | (10.6M) | (10.1M) | |
| Income Tax Expense | (544K) | (3.4M) | 1.2M | 432K | 388.8K | 741.2K | |
| Net Income Applicable To Common Shares | 7.7M | (7.3M) | 10.9M | (12.3M) | (11.1M) | (10.5M) | |
| Net Income From Continuing Ops | 3.2M | (8.4M) | 12.2M | (11.8M) | (10.6M) | (10.1M) | |
| Non Operating Income Net Other | 64.5K | 25K | 2.0M | 989K | 1.1M | 1.2M | |
| Minority Interest | 3.6M | 7.6M | (1.3M) | 510K | 586.5K | 557.2K | |
| Tax Provision | (544K) | (3.4M) | 1.2M | 432K | 388.8K | 303.9K | |
| Interest Income | 3K | 16K | 227K | 328K | 295.2K | 348.9K | |
| Net Interest Income | (4.7M) | (4.6M) | (4.9M) | (7.9M) | (7.1M) | (6.8M) | |
| Reconciled Depreciation | 5.7M | 3.1M | 1.9M | 4.2M | 3.7M | 3.4M |
Pair Trading with Air T
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 Air T 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 Air T will appreciate offsetting losses from the drop in the long position's value.Moving together with Air Stock
| 0.8 | FDX | FedEx Financial Report 18th of June 2024 | PairCorr |
| 0.61 | GVH | Globavend Holdings | PairCorr |
Moving against Air Stock
| 0.85 | JBHT | JB Hunt Transport Financial Report 16th of July 2024 | PairCorr |
| 0.83 | FWRD | Forward Air Financial Report 6th of May 2024 | PairCorr |
| 0.81 | RLGT | Radiant Logistics | PairCorr |
| 0.79 | LSTR | Landstar System | PairCorr |
| 0.78 | HUBG | Hub Group | PairCorr |
The ability to find closely correlated positions to Air T could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air T 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 Air T - 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 Air T Inc to buy it.
The correlation of Air T 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 Air T moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air T Inc 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 Air T 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 Air T Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Air Stock analysis
When running Air T's price analysis, check to measure Air T'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 Air T is operating at the current time. Most of Air T's value examination focuses on studying past and present price action to predict the probability of Air T's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air T's price. Additionally, you may evaluate how the addition of Air T to your portfolios can decrease your overall portfolio volatility.
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Is Air T'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 Air T. If investors know Air 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 Air T 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 (0.77) | Earnings Share (5.00) | Revenue Per Share 102.289 | Quarterly Revenue Growth 0.038 | Return On Assets (0.02) |
The market value of Air T Inc is measured differently than its book value, which is the value of Air that is recorded on the company's balance sheet. Investors also form their own opinion of Air T's value that differs from its market value or its book value, called intrinsic value, which is Air T'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 Air T's market value can be influenced by many factors that don't directly affect Air T'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 Air T's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air T is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air T'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.