AYRO Historical Income Statement
| AYRO Stock | USD 1.16 0.01 0.85% |
Historical analysis of AYRO income statement accounts such as Total Revenue of 474 K, Other Operating Expenses of 39.6 M or Cost Of Revenue of 4.9 M can show how well AYRO Inc performed in making a profits. Evaluating AYRO income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of AYRO's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining AYRO 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 AYRO Inc is a good buy for the upcoming year.
AYRO |
About AYRO Income Statement Analysis
AYRO 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 AYRO shareholders. The income statement also shows AYRO 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).
AYRO Income Statement Chart
AYRO Inc Income Statement is one of the three primary financial statements used for reporting AYRO's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of AYRO Inc revenue and expense. AYRO Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, AYRO's Other Operating Expenses is very stable compared to the past year. As of the 6th of May 2024, Interest Income is likely to grow to about 484.1 K, while Depreciation And Amortization is likely to drop about 962.1 K. Add Fundamental
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts AYRO 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of AYRO Inc. It is also known as AYRO 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 AYRO Inc income statement and represents the costs associated with goods and services AYRO 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 AYRO's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into AYRO 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 AYRO 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, AYRO's Other Operating Expenses is very stable compared to the past year. As of the 6th of May 2024, Interest Income is likely to grow to about 484.1 K, while Depreciation And Amortization is likely to drop about 962.1 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 31.0M | 20.2M | 23.5M | 13.4M | Cost Of Revenue | 4.8M | 6.0M | 5.1M | 4.9M |
AYRO income statement Correlations
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AYRO Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AYRO income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 724.8K | 796.1K | 785.7K | 1.1M | 1.2M | 962.1K | |
| Interest Expense | 172.5K | 327.2K | 2.3K | (23.1M) | (20.8M) | (21.8M) | |
| Total Revenue | 890.2K | 1.6M | 2.7M | 3.0M | 498.9K | 474.0K | |
| Gross Profit | 198.3K | (166.5K) | (2.1M) | (3.1M) | (4.6M) | (4.4M) | |
| Other Operating Expenses | 9.4M | 11.7M | 35.8M | 26.3M | 28.7M | 39.6M | |
| Operating Income | (8.5M) | (10.1M) | (33.1M) | (23.3M) | (28.2M) | (26.7M) | |
| Ebit | (8.5M) | (10.1M) | (33.1M) | (23.3M) | (28.2M) | (26.7M) | |
| Ebitda | (7.8M) | (9.3M) | (32.3M) | (22.1M) | (26.9M) | (25.6M) | |
| Cost Of Revenue | 691.8K | 1.8M | 4.8M | 6.0M | 5.1M | 4.9M | |
| Total Operating Expenses | 8.7M | 9.9M | 31.0M | 20.2M | 23.5M | 13.4M | |
| Income Before Tax | (8.7M) | (10.8M) | (33.1M) | (22.9M) | (34.2M) | (32.5M) | |
| Total Other Income Expense Net | (170.3K) | (657.2K) | 49.5K | 341.6K | (6.0M) | (5.7M) | |
| Net Income | (8.8M) | (11.3M) | (33.1M) | (45.9M) | (34.2M) | (32.5M) | |
| Income Tax Expense | 174.7K | 564.1K | 54.1K | 22.9M | (34.2M) | (32.5M) | |
| Selling General Administrative | 6.7M | 6.6M | 17.2M | 11.5M | 14.4M | 8.6M | |
| Net Income Applicable To Common Shares | (4.2M) | (8.7M) | (11.2M) | (33.1M) | (29.8M) | (28.3M) | |
| Selling And Marketing Expenses | 1.3M | 1.4M | 2.4M | 1.9M | 1.7M | 1.6M | |
| Research Development | 714.3K | 1.9M | 11.4M | 6.8M | 7.4M | 4.5M |
Pair Trading with AYRO
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 AYRO 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 AYRO will appreciate offsetting losses from the drop in the long position's value.Moving together with AYRO Stock
| 0.73 | VC | Visteon Corp | PairCorr |
| 0.81 | FOXF | Fox Factory Holding | PairCorr |
Moving against AYRO Stock
| 0.7 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.45 | ALV | Autoliv | PairCorr |
| 0.45 | BWA | BorgWarner | PairCorr |
The ability to find closely correlated positions to AYRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AYRO 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 AYRO - 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 AYRO Inc to buy it.
The correlation of AYRO 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 AYRO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AYRO 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 AYRO 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 AYRO 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for AYRO Stock analysis
When running AYRO's price analysis, check to measure AYRO'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 AYRO is operating at the current time. Most of AYRO's value examination focuses on studying past and present price action to predict the probability of AYRO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AYRO's price. Additionally, you may evaluate how the addition of AYRO to your portfolios can decrease your overall portfolio volatility.
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Is AYRO'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 AYRO. If investors know AYRO 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 AYRO listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.19) | Revenue Per Share 0.105 | Quarterly Revenue Growth (0.74) | Return On Assets (0.33) | Return On Equity (0.88) |
The market value of AYRO Inc is measured differently than its book value, which is the value of AYRO that is recorded on the company's balance sheet. Investors also form their own opinion of AYRO's value that differs from its market value or its book value, called intrinsic value, which is AYRO'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 AYRO's market value can be influenced by many factors that don't directly affect AYRO'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 AYRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if AYRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AYRO'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.