Historical analysis of Sothebys income statement accounts such as Consolidated Income of 53.7 M, Cost of Revenue of 102.4 M or Earning Before Interest and Taxes EBIT of 105.3 M can show how well Sothebys performed in making a profits. Evaluating Sothebys income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Sothebys future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Sothebys 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 Sothebys is a good buy for the upcoming year. Check also Trending Equities.
Earning Before Interest and Taxes EBITEarnings Before Interest and Tax is calculated by adding [TaxExp] and [IntExp] back to [NetInc].
Net IncomeNet income is one of the most important fundamental items in finance. It plays a large role in Sothebys financial statement analysis. It represents the amount of money remaining after all of Sothebys 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].
Selling General and Administrative ExpenseA component of [OpEx] representing the aggregate total costs related to selling a firm's product and services; as well as all other general and administrative expenses. Direct selling expenses (for example; credit; warranty; and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products; for example telephone expenses; Internet; and postal charges. General and administrative expenses include salaries of non-sales personnel; rent; utilities; communication; etc.