Historical analysis of Home Depot income statement accounts such as Earning Before Interest and Taxes EBIT of 13.9 B can show how well The Home Depot performed in making a profits. Evaluating Home Depot income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Home Depot future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Home Depot latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Home Depot is a good buy for the upcoming year. Please also check Risk vs Return Analysis.
Net income is one of the most important fundamental items in finance. It plays a large role in Home Depot financial statement analysis. It represents the amount of money remaining after all of The Home Depot operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of [NetIncNCI] from [ConsolInc]; and before the deduction of [PrefDivIS].
Revenues refers to the total amount of money received by Home Depot for goods sold or services provided during a certain time period. It also includes all of Home Depot sales as well as any other increase in The Home Depot equity.Revenues are reported on Home Depot income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.
Weighted Average Shares
The weighted average number of shares or units issued and outstanding that are used by the company to calculate Earnings per Basic Share; determined based on the timing of issuance of shares or units in the period.
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Please also check Risk vs Return Analysis. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.