Ecopetrol Historical Income Statement
| EC Stock | USD 8.47 0.25 2.87% |
Historical analysis of Ecopetrol income statement accounts such as Selling General Administrative of 7.9 T can show how well Ecopetrol SA ADR performed in making a profits. Evaluating Ecopetrol income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ecopetrol's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Ecopetrol SA ADR 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 Ecopetrol SA ADR is a good buy for the upcoming year.
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About Ecopetrol Income Statement Analysis
Ecopetrol SA ADR 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 Ecopetrol shareholders. The income statement also shows Ecopetrol 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).
Ecopetrol Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Ecopetrol SA ADR 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 Ecopetrol SA ADR minus its cost of goods sold. It is profit before Ecopetrol 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.Most accounts from Ecopetrol's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ecopetrol SA ADR 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ecopetrol SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At present, Ecopetrol's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 25.1 T, whereas Depreciation And Amortization is forecasted to decline to about 7.7 T.
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 70.0T | 55.9T | 61.5T | 64.6T | Total Revenue | 159.5T | 143.1T | 133.3T | 71.3T |
Ecopetrol income statement Correlations
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Ecopetrol Account Relationship Matchups
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Ecopetrol income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 9.6T | 10.5T | 12.5T | 13.8T | 15.2T | 7.7T | |
| Interest Expense | 2.1T | 2.8T | 4.6T | 9.1T | 9.8T | 5.3T | |
| Selling General Administrative | 4.2T | 5.6T | 8.1T | 4.8T | 7.5T | 7.9T | |
| Total Revenue | 50.0T | 91.7T | 159.5T | 143.1T | 133.3T | 71.3T | |
| Gross Profit | 12.5T | 36.2T | 70.0T | 55.9T | 61.5T | 64.6T | |
| Other Operating Expenses | 42.4T | 62.2T | 99.1T | 101.4T | 95.7T | 49.9T | |
| Operating Income | 7.6T | 29.6T | 60.4T | 41.8T | 37.6T | 21.0T | |
| Ebit | 7.8T | 28.5T | 58.7T | 46.0T | 37.6T | 20.7T | |
| Ebitda | 17.4T | 39.0T | 71.1T | 59.8T | 52.8T | 28.4T | |
| Cost Of Revenue | 37.6T | 55.6T | 89.5T | 87.2T | 71.8T | 43.7T | |
| Total Operating Expenses | 4.8T | 6.6T | 9.6T | 14.3T | 23.9T | 25.1T | |
| Income Before Tax | 5.2T | 26.3T | 54.3T | 36.9T | 30.7T | 18.8T | |
| Total Other Income Expense Net | (2.4T) | (3.3T) | (6.1T) | (4.9T) | (6.9T) | (6.5T) | |
| Net Income | 3.4T | 15.6T | 31.6T | 19.1T | 14.9T | 10.9T | |
| Income Tax Expense | 1.9T | 7.6T | 17.3T | 11.5T | 11.1T | 6.4T | |
| Net Income Applicable To Common Shares | 13.3T | 1.7T | 16.7T | 33.4T | 38.4T | 40.4T | |
| Minority Interest | 3.7T | (2.0T) | (3.6T) | (4.2T) | (4.7T) | (4.4T) | |
| Net Income From Continuing Ops | 3.4T | 18.7T | 37.1T | 24.1T | 18.5T | 12.8T | |
| Tax Provision | 1.9T | 7.6T | 17.3T | 18.9T | 12.2T | 8.9T | |
| Interest Income | 299.2B | 3.3T | 6.1T | 1.9T | 1.6T | 2.2T | |
| Net Interest Income | (2.8T) | (4.0T) | (6.7T) | (5.6T) | (8.6T) | (8.2T) | |
| Reconciled Depreciation | 9.3T | 10.2T | 12.1T | 13.8T | 15.2T | 11.7T |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ecopetrol SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Oil, Gas & Consumable Fuels space 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 Ecopetrol. If investors know Ecopetrol 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 Ecopetrol 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 (0.22) | Earnings Share 1.5 | Revenue Per Share | Quarterly Revenue Growth 0.002 | Return On Assets |
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol'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 Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol'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 Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol'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.