ChoiceOne Historical Income Statement
| COFS Stock | USD 25.45 0.33 1.28% |
Historical analysis of ChoiceOne Financial income statement accounts such as Interest Expense of 1.7 M, Selling General Administrative of 34.8 M or Total Revenue of 119.8 M can show how well ChoiceOne Financial Services performed in making a profits. Evaluating ChoiceOne Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ChoiceOne Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ChoiceOne Financial 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 ChoiceOne Financial is a good buy for the upcoming year.
ChoiceOne |
About ChoiceOne Income Statement Analysis
ChoiceOne Financial 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 ChoiceOne Financial shareholders. The income statement also shows ChoiceOne 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).
ChoiceOne Financial Income Statement Chart
ChoiceOne Financial Services Income Statement is one of the three primary financial statements used for reporting ChoiceOne's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ChoiceOne Financial revenue and expense. ChoiceOne Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ChoiceOne Financial's Income Tax Expense is comparatively stable compared to the past year. Selling And Marketing Expenses is likely to gain to about 757 K in 2024, whereas Interest Expense is likely to drop slightly above 1.7 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts ChoiceOne Financial 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.Most accounts from ChoiceOne Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ChoiceOne Financial 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 ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, ChoiceOne Financial's Income Tax Expense is comparatively stable compared to the past year. Selling And Marketing Expenses is likely to gain to about 757 K in 2024, whereas Interest Expense is likely to drop slightly above 1.7 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 4.0M | 7.7M | 1.8M | 1.7M | Depreciation And Amortization | 1.3M | 1.2M | 3.4M | 1.7M |
ChoiceOne Financial income statement Correlations
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ChoiceOne Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ChoiceOne Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 3.1M | 1.5M | 1.3M | 1.2M | 3.4M | 1.7M | |
| Interest Expense | 4.7M | 4.6M | 4.0M | 7.7M | 1.8M | 1.7M | |
| Selling General Administrative | 14.4M | 26.5M | 29.3M | 30.4M | 33.1M | 34.8M | |
| Total Revenue | 36.9M | 73.8M | 79.8M | 81.4M | 114.1M | 119.8M | |
| Gross Profit | 36.9M | 73.8M | 79.8M | 81.4M | 114.1M | 119.8M | |
| Other Operating Expenses | 28.4M | (54.9M) | (53.3M) | 2.9M | 88.6M | 93.0M | |
| Operating Income | 8.5M | 18.9M | 26.5M | 35.4M | (2.5M) | (2.4M) | |
| Ebit | 8.5M | 18.9M | 26.5M | 35.4M | (2.5M) | (2.4M) | |
| Ebitda | 11.6M | 20.4M | 27.8M | 36.6M | 955K | 907.3K | |
| Total Operating Expenses | (28.4M) | (54.9M) | (53.3M) | 2.9M | 17.1M | 17.9M | |
| Income Before Tax | 8.5M | 18.9M | 26.5M | 27.7M | 25.6M | 26.8M | |
| Total Other Income Expense Net | 8.5M | 18.9M | 26.5M | (7.7M) | 25.6M | 26.8M | |
| Net Income | 7.2M | 15.6M | 22.0M | 23.6M | 21.3M | 22.3M | |
| Income Tax Expense | 1.3M | 3.3M | 4.5M | 4.0M | 4.3M | 4.5M | |
| Selling And Marketing Expenses | 528K | 588K | 848K | 764K | 721K | 757.1K | |
| Net Income Applicable To Common Shares | 7.2M | 15.6M | 22.0M | 23.6M | 27.2M | 28.5M | |
| Net Income From Continuing Ops | 7.2M | 15.6M | 22.0M | 23.6M | 21.3M | 12.5M | |
| Tax Provision | 1.3M | 3.3M | 4.5M | 4.0M | 4.3M | 3.1M | |
| Net Interest Income | 27.8M | 51.1M | 60.6M | 67.3M | 65.9M | 43.1M | |
| Interest Income | 32.5M | 55.7M | 64.6M | 75.1M | 99.0M | 50.5M | |
| Reconciled Depreciation | 3.1M | 1.5M | 1.3M | 1.2M | 12.4M | 13.1M |
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 ChoiceOne Financial 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, ChoiceOne Financial's short interest history, or implied volatility extrapolated from ChoiceOne Financial options trading.
Pair Trading with ChoiceOne Financial
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 ChoiceOne Financial 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 ChoiceOne Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with ChoiceOne Stock
| 0.61 | AX | Axos Financial Buyout Trend | PairCorr |
Moving against ChoiceOne Stock
| 0.67 | TECTP | Tectonic Financial | PairCorr |
| 0.44 | CFG-PD | Citizens Financial | PairCorr |
The ability to find closely correlated positions to ChoiceOne Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChoiceOne Financial 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 ChoiceOne Financial - 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 ChoiceOne Financial Services to buy it.
The correlation of ChoiceOne Financial 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 ChoiceOne Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChoiceOne Financial 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 ChoiceOne Financial 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 ChoiceOne Financial Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the ChoiceOne Financial information on this page should be used as a complementary analysis to other ChoiceOne Financial'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for ChoiceOne Stock analysis
When running ChoiceOne Financial's price analysis, check to measure ChoiceOne Financial'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 ChoiceOne Financial is operating at the current time. Most of ChoiceOne Financial's value examination focuses on studying past and present price action to predict the probability of ChoiceOne Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChoiceOne Financial's price. Additionally, you may evaluate how the addition of ChoiceOne Financial to your portfolios can decrease your overall portfolio volatility.
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Is ChoiceOne Financial'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 ChoiceOne Financial. If investors know ChoiceOne 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 ChoiceOne Financial 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 (0.01) | Dividend Share 1.06 | Earnings Share 2.81 | Revenue Per Share 10.687 | Quarterly Revenue Growth (0.01) |
The market value of ChoiceOne Financial is measured differently than its book value, which is the value of ChoiceOne that is recorded on the company's balance sheet. Investors also form their own opinion of ChoiceOne Financial's value that differs from its market value or its book value, called intrinsic value, which is ChoiceOne Financial'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 ChoiceOne Financial's market value can be influenced by many factors that don't directly affect ChoiceOne Financial'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 ChoiceOne Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChoiceOne Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChoiceOne Financial'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.