Allegheny Historical Income Statement
ATI Stock | USD 51.10 0.37 0.73% |
Historical analysis of Allegheny Technologies income statement accounts such as Interest Expense of 67.3 M, Selling General Administrative of 212.3 M or Total Revenue of 4.1 B can show how well Allegheny Technologies Incorporated performed in making a profits. Evaluating Allegheny Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Allegheny Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Allegheny Technologies 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 Allegheny Technologies is a good buy for the upcoming year.
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About Allegheny Income Statement Analysis
Allegheny Technologies 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 Allegheny Technologies shareholders. The income statement also shows Allegheny 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).
Allegheny Technologies Income Statement Chart
Allegheny Technologies Incorporated Income Statement is one of the three primary financial statements used for reporting Allegheny's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Allegheny Technologies revenue and expense. Allegheny Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Allegheny Technologies' Income Before Tax is decreasing as compared to previous years. The Allegheny Technologies' current Net Income is estimated to increase to about 431.3 M, while Interest Expense is projected to decrease to under 67.3 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Allegheny Technologies 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 Allegheny Technologies Incorporated minus its cost of goods sold. It is profit before Allegheny Technologies 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 Allegheny Technologies. It is also known as Allegheny Technologies 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 Allegheny Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Allegheny Technologies 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 Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. As of now, Allegheny Technologies' Income Before Tax is decreasing as compared to previous years. The Allegheny Technologies' current Net Income is estimated to increase to about 431.3 M, while Interest Expense is projected to decrease to under 67.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 333.2M | 714.2M | 802.6M | 460.2M | Total Revenue | 2.8B | 3.8B | 7.5B | 4.1B |
Allegheny Technologies income statement Correlations
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Allegheny Technologies Account Relationship Matchups
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Allegheny Technologies income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 151.7M | 143.3M | 143.9M | 234.4M | 146.1M | 146.8M | |
Interest Expense | 99M | 94.4M | 96.9M | 87.4M | 92.8M | 67.3M | |
Selling General Administrative | 65.3M | 40.9M | 55.9M | 62.4M | 312.6M | 212.3M | |
Total Revenue | 4.1B | 3.0B | 2.8B | 3.8B | 7.5B | 4.1B | |
Gross Profit | 637.8M | 292.8M | 333.2M | 714.2M | 802.6M | 460.2M | |
Other Operating Expenses | 3.8B | 2.9B | 2.7B | 3.4B | 7.1B | 3.8B | |
Operating Income | 366.1M | 28.5M | 161.7M | 287.3M | 466.4M | 489.7M | |
Ebit | 366.1M | 28.5M | 161.7M | 287.3M | 466.4M | 489.7M | |
Ebitda | 517.8M | 171.8M | 305.6M | 521.7M | 466.4M | 325.5M | |
Cost Of Revenue | 3.5B | 2.7B | 2.5B | 3.1B | 6.7B | 3.5B | |
Total Operating Expenses | 267.2M | 201M | 226.9M | 297.5M | 328.1M | 237.4M | |
Income Before Tax | 241.6M | (1.5B) | 10.6M | 162M | 295.2M | 310.0M | |
Total Other Income Expense Net | (124.5M) | (1.5B) | (151.1M) | (125.3M) | (171.2M) | (179.8M) | |
Net Income | 257.6M | (1.6B) | (16.2M) | 130.9M | 410.8M | 431.3M | |
Income Tax Expense | (28.5M) | 77.7M | 26.8M | 15.5M | (128.2M) | (121.8M) | |
Research Development | 17.8M | 14.1M | 16.5M | 16.3M | 20.7M | 16.9M | |
Net Income Applicable To Common Shares | 257.6M | (1.6B) | (38.2M) | 130.9M | 117.8M | 123.7M | |
Minority Interest | 12.5M | 13M | (22M) | (15.6M) | (13.4M) | (12.7M) | |
Net Income From Continuing Ops | 270.1M | (1.6B) | (16.2M) | 146.5M | 312.1M | 327.7M | |
Non Operating Income Net Other | 48.1M | (22.7M) | (47.3M) | (12.5M) | (11.3M) | (10.7M) | |
Tax Provision | (28.5M) | 77.7M | 26.8M | 15.5M | 17.1M | 18.0M | |
Interest Income | 109.7M | 94.4M | 96.9M | 87.4M | 13M | 12.4M | |
Net Interest Income | (99M) | (94.4M) | (96.9M) | (87.4M) | (84.6M) | (88.8M) | |
Reconciled Depreciation | 151.1M | 143.3M | 143.9M | 142.9M | 142.4M | 118.9M |
Pair Trading with Allegheny Technologies
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 Allegheny Technologies 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 Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Allegheny Stock
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Moving against Allegheny Stock
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The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies 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 Allegheny Technologies - 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 Allegheny Technologies Incorporated to buy it.
The correlation of Allegheny Technologies 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 Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies 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 Allegheny Technologies 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 Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Allegheny Stock analysis
When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' 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 Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Allegheny Technologies' 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 Allegheny Technologies. If investors know Allegheny 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 Allegheny Technologies 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 (0.32) | Earnings Share 2.81 | Revenue Per Share 32.582 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0537 |
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' 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 Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' 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 Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' 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.