Commercial Historical Income Statement
CMC Stock | USD 53.48 0.23 0.43% |
Historical analysis of Commercial Metals income statement accounts such as Interest Expense of 30 M, Selling General Administrative of 768.4 M or Total Revenue of 10.6 B can show how well Commercial Metals performed in making a profits. Evaluating Commercial Metals income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Commercial Metals's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Commercial Metals 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 Commercial Metals is a good buy for the upcoming year.
Commercial |
About Commercial Income Statement Analysis
Commercial Metals 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 Commercial Metals shareholders. The income statement also shows Commercial 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).
Commercial Metals Income Statement Chart
Commercial Metals Income Statement is one of the three primary financial statements used for reporting Commercial's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Commercial Metals revenue and expense. Commercial Metals Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Commercial Metals' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 10.6 B, whereas Interest Expense is forecasted to decline to about 30 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Commercial Metals 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 Commercial Metals minus its cost of goods sold. It is profit before Commercial Metals 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 Commercial Metals. It is also known as Commercial Metals 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.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from Commercial Metals' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Commercial Metals 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 Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.At present, Commercial Metals' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 10.6 B, whereas Interest Expense is forecasted to decline to about 30 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 1.8B | 2.1B | 2.2B | Total Revenue | 8.9B | 8.8B | 10.1B | 10.6B |
Commercial Metals income statement Correlations
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Commercial Metals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Commercial Metals income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 165.8M | 167.6M | 175.0M | 218.8M | 251.7M | 264.2M | |
Interest Expense | 61.8M | 51.9M | 50.7M | 40.1M | 46.1M | 30.0M | |
Selling General Administrative | 504.6M | 496.3M | 545.0M | 636.3M | 731.8M | 768.4M | |
Total Revenue | 5.5B | 6.7B | 8.9B | 8.8B | 10.1B | 10.6B | |
Gross Profit | 944.8M | 1.1B | 1.9B | 1.8B | 2.1B | 2.2B | |
Other Operating Expenses | 5.0B | 6.1B | 7.6B | 7.6B | 8.8B | 4.5B | |
Operating Income | 440.2M | 609.5M | 1.3B | 478.4M | 550.2M | 577.7M | |
Ebit | 440.2M | 609.5M | 1.3B | 1.2B | 1.3B | 1.4B | |
Ebitda | 606.0M | 777.2M | 1.5B | 1.4B | 1.6B | 1.7B | |
Cost Of Revenue | 4.5B | 5.6B | 7.1B | 7.0B | 8.0B | 4.2B | |
Total Operating Expenses | 504.6M | 496.3M | 545.0M | 643.5M | 740.1M | 373.4M | |
Income Before Tax | 370.8M | 534.0M | 1.5B | 1.1B | 1.3B | 1.4B | |
Total Other Income Expense Net | (69.4M) | (75.5M) | 203.7M | (6.3M) | (5.7M) | (5.9M) | |
Net Income | 279.5M | 412.9M | 1.2B | 859.8M | 988.7M | 1.0B | |
Income Tax Expense | 92.5M | 121.2M | 297.9M | 262.2M | 301.5M | 316.6M | |
Net Income Applicable To Common Shares | 279.5M | 412.9M | 1.2B | 859.8M | 988.7M | 1.0B | |
Minority Interest | 186K | 196K | 212K | 232K | 208.8K | 198.4K | |
Net Income From Continuing Ops | 278.3M | 412.9M | 1.2B | 859.8M | 988.7M | 1.0B | |
Tax Provision | 92.5M | 121.2M | 297.9M | 262.2M | 301.5M | 316.6M | |
Interest Income | 61.8M | 51.9M | 50.7M | 40.1M | 36.1M | 45.1M | |
Net Interest Income | (61.8M) | (51.9M) | (50.7M) | (40.1M) | (46.1M) | (48.5M) | |
Reconciled Depreciation | 165.8M | 167.6M | 175.0M | 218.8M | 251.7M | 179.6M |
Commercial Metals Investors Sentiment
The influence of Commercial Metals' 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 Commercial. 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 Commercial Metals' public news can be used to forecast risks associated with an investment in Commercial. The trend in average sentiment can be used to explain how an investor holding Commercial can time the market purely based on public headlines and social activities around Commercial Metals. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Commercial Metals' 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 Commercial Metals' 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 Commercial Metals' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Commercial Metals.
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 Commercial Metals 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, Commercial Metals' short interest history, or implied volatility extrapolated from Commercial Metals options trading.
Pair Trading with Commercial Metals
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 Commercial Metals 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 Commercial Metals will appreciate offsetting losses from the drop in the long position's value.Moving together with Commercial Stock
0.82 | NUE | Nucor Corp Sell-off Trend | PairCorr |
Moving against Commercial Stock
0.61 | NC | NACCO Industries | PairCorr |
0.59 | VALE | Vale SA ADR | PairCorr |
0.53 | X | United States Steel Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Commercial Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commercial Metals 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 Commercial Metals - 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 Commercial Metals to buy it.
The correlation of Commercial Metals 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 Commercial Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commercial Metals 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 Commercial Metals 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 Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Commercial Stock analysis
When running Commercial Metals' price analysis, check to measure Commercial Metals' 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 Commercial Metals is operating at the current time. Most of Commercial Metals' value examination focuses on studying past and present price action to predict the probability of Commercial Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Metals' price. Additionally, you may evaluate how the addition of Commercial Metals to your portfolios can decrease your overall portfolio volatility.
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Is Commercial Metals' 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 Commercial Metals. If investors know Commercial 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 Commercial Metals 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 (0.52) | Dividend Share 0.64 | Earnings Share 5.76 | Revenue Per Share 71.999 | Quarterly Revenue Growth (0.08) |
The market value of Commercial Metals is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Metals' value that differs from its market value or its book value, called intrinsic value, which is Commercial Metals' 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 Commercial Metals' market value can be influenced by many factors that don't directly affect Commercial Metals' 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 Commercial Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Metals' 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.