Chemed Historical Income Statement
| CHE Stock | USD 616.51 12.09 2.00% |
Historical analysis of Chemed Corp income statement accounts such as Interest Expense of 3.2 M, Selling General Administrative of 218.4 M or Total Revenue of 2.4 B can show how well Chemed Corp performed in making a profits. Evaluating Chemed Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Chemed Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Chemed Corp 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 Chemed Corp is a good buy for the upcoming year.
Chemed |
About Chemed Income Statement Analysis
Chemed Corp 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 Chemed Corp shareholders. The income statement also shows Chemed 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).
Chemed Corp Income Statement Chart
Chemed Corp Income Statement is one of the three primary financial statements used for reporting Chemed's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Chemed Corp revenue and expense. Chemed Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Chemed Corp's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 2.4 B, whereas Gross Profit is forecasted to decline to about 370.4 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Chemed Corp 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 Chemed Corp minus its cost of goods sold. It is profit before Chemed Corp 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 Chemed Corp. It is also known as Chemed Corp 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 Chemed Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Chemed Corp 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 Chemed Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.At present, Chemed Corp's Interest Expense is projected to decrease significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 2.4 B, whereas Gross Profit is forecasted to decline to about 370.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 769.8M | 765.1M | 738.0M | 370.4M | Total Revenue | 2.1B | 2.1B | 2.3B | 2.4B |
Chemed Corp income statement Correlations
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Chemed Corp Account Relationship Matchups
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Chemed Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 54.0M | 65.2M | 68.2M | 49.9M | 60.9M | 63.9M | |
| Interest Expense | 4.5M | 2.4M | 1.9M | 4.6M | 3.1M | 3.2M | |
| Selling General Administrative | 305.7M | 330.2M | 366.7M | 358.7M | 395.1M | 218.4M | |
| Total Revenue | 1.9B | 2.1B | 2.1B | 2.1B | 2.3B | 2.4B | |
| Gross Profit | 617.4M | 701.4M | 769.8M | 765.1M | 738.0M | 370.4M | |
| Other Operating Expenses | 1.7B | 1.7B | 1.8B | 1.8B | 1.9B | 979.9M | |
| Operating Income | 257.4M | 389.7M | 343.0M | 343.5M | 342.8M | 360.0M | |
| Ebit | 257.4M | 389.7M | 343.0M | 343.5M | 342.8M | 360.0M | |
| Ebitda | 311.3M | 454.9M | 411.2M | 393.4M | 403.7M | 423.9M | |
| Cost Of Revenue | 1.3B | 1.4B | 1.4B | 1.4B | 1.5B | 1.6B | |
| Total Operating Expenses | 360.0M | 311.7M | 426.8M | 421.6M | 395.1M | 248.0M | |
| Income Before Tax | 261.6M | 396.0M | 350.3M | 329.7M | 350.4M | 367.9M | |
| Total Other Income Expense Net | 4.2M | 6.3M | 7.3M | (13.8M) | 7.5M | 7.9M | |
| Net Income | 219.9M | 319.5M | 268.6M | 249.6M | 272.5M | 286.1M | |
| Income Tax Expense | 41.7M | 76.5M | 81.8M | 80.1M | 77.9M | 81.8M | |
| Net Income Applicable To Common Shares | 219.9M | 319.5M | 268.6M | 249.6M | 287.1M | 301.4M | |
| Net Income From Continuing Ops | 219.9M | 319.5M | 268.6M | 249.6M | 244.6M | 177.5M | |
| Non Operating Income Net Other | 958K | 8.8M | 8.7M | 9.1M | 10.5M | 11.0M | |
| Tax Provision | 41.7M | 76.5M | 81.8M | 80.1M | 72.6M | 66.4M | |
| Interest Income | 513K | 757K | 6.8M | 14.2M | 2.9M | 3.7M | |
| Net Interest Income | (4.0M) | (1.6M) | (1.5M) | (4.2M) | (1.4M) | (1.5M) | |
| Reconciled Depreciation | 45.2M | 56.6M | 59.1M | 59.2M | 59.9M | 55.7M |
Pair Trading with Chemed Corp
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 Chemed Corp 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 Chemed Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Chemed Stock
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Moving against Chemed Stock
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The ability to find closely correlated positions to Chemed Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemed Corp 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 Chemed Corp - 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 Chemed Corp to buy it.
The correlation of Chemed Corp 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 Chemed Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemed Corp 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 Chemed Corp 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 Chemed Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.Note that the Chemed Corp information on this page should be used as a complementary analysis to other Chemed Corp'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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Chemed Stock analysis
When running Chemed Corp's price analysis, check to measure Chemed Corp'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 Chemed Corp is operating at the current time. Most of Chemed Corp's value examination focuses on studying past and present price action to predict the probability of Chemed Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemed Corp's price. Additionally, you may evaluate how the addition of Chemed Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chemed Corp'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 Chemed Corp. If investors know Chemed 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 Chemed Corp 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 0.432 | Dividend Share 1.56 | Earnings Share 17.95 | Revenue Per Share 150.46 | Quarterly Revenue Growth 0.072 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp'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 Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp'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 Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp'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.