Western Historical Income Statement
| WDC Stock | USD 69.72 1.23 1.73% |
Historical analysis of Western Digital income statement accounts such as Depreciation And Amortization of 570.8 M, Total Revenue of 8 B, Gross Profit of 2 B or Other Operating Expenses of 16.2 B can show how well Western Digital performed in making a profits. Evaluating Western Digital income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Western Digital's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Western Digital 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 Western Digital is a good buy for the upcoming year.
Western |
About Western Income Statement Analysis
Western Digital 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 Western Digital shareholders. The income statement also shows Western 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).
Western Digital Income Statement Chart
Western Digital Income Statement is one of the three primary financial statements used for reporting Western's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Western Digital revenue and expense. Western Digital Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Western Digital's Cost Of Revenue is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 3.6 B, whereas Depreciation And Amortization is forecasted to decline to about 570.8 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Western Digital 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 Western Digital minus its cost of goods sold. It is profit before Western Digital 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 Western Digital. It is also known as Western Digital 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.Cost Of Revenue
Cost of Revenue is found on Western Digital income statement and represents the costs associated with goods and services Western Digital provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Western Digital's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Western Digital 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.At present, Western Digital's Cost Of Revenue is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 3.6 B, whereas Depreciation And Amortization is forecasted to decline to about 570.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 18.8B | 12.3B | 14.2B | 8.0B | Depreciation And Amortization | 972M | 828M | 952.2M | 570.8M |
Western Digital income statement Correlations
Click cells to compare fundamentals
Western Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Digital income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.6B | 1.2B | 972M | 828M | 952.2M | 570.8M | |
| Total Revenue | 16.7B | 16.9B | 18.8B | 12.3B | 14.2B | 8.0B | |
| Gross Profit | 3.8B | 4.5B | 5.9B | 1.9B | 2.2B | 2.0B | |
| Other Operating Expenses | 16.4B | 15.7B | 16.4B | 13.4B | 15.4B | 16.2B | |
| Operating Income | 335M | 1.2B | 2.4B | (1.3B) | (1.5B) | (1.4B) | |
| Ebit | 335M | 1.2B | 2.4B | (1.1B) | (1.3B) | (1.2B) | |
| Ebitda | 1.9B | 2.4B | 3.4B | (264M) | (303.6M) | (288.4M) | |
| Cost Of Revenue | 13.0B | 12.4B | 12.9B | 10.4B | 12.0B | 12.6B | |
| Total Operating Expenses | 3.4B | 3.3B | 3.4B | 3.0B | 3.4B | 3.6B | |
| Income Before Tax | (46M) | 927M | 2.1B | (1.6B) | (1.8B) | (1.7B) | |
| Total Other Income Expense Net | (381M) | (293M) | (268M) | (193M) | (173.7M) | (182.4M) | |
| Net Income | (250M) | 821M | 1.5B | (1.7B) | (2.0B) | (1.9B) | |
| Income Tax Expense | 204M | 106M | 623M | 146M | 167.9M | 126.6M | |
| Interest Expense | 381M | 293M | 268M | 275M | 316.3M | 183.4M | |
| Selling General Administrative | 1.1B | 1.0B | 1.0B | 901M | 1.0B | 544.0M | |
| Research Development | 2.3B | 2.2B | 2.3B | 2.0B | 2.3B | 2.4B | |
| Selling And Marketing Expenses | 93M | 84M | 88M | 69M | 79.4M | 49.1M | |
| Net Income Applicable To Common Shares | (250M) | 821M | 1.5B | (1.7B) | (1.6B) | (1.5B) | |
| Net Income From Continuing Ops | (250M) | 821M | 1.5B | (1.7B) | (1.5B) | (1.5B) | |
| Tax Provision | 204M | 106M | 623M | 146M | 167.9M | 159.5M | |
| Interest Income | 28M | 7M | 6M | 24M | 21.6M | 23.8M | |
| Net Interest Income | (385M) | (293M) | (268M) | (275M) | (316.3M) | (332.1M) | |
| Reconciled Depreciation | 1.6B | 1.2B | 929M | 828M | 745.2M | 1.2B |
Western Digital Investors Sentiment
The influence of Western Digital's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Western. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Western Digital's public news can be used to forecast risks associated with an investment in Western. The trend in average sentiment can be used to explain how an investor holding Western can time the market purely based on public headlines and social activities around Western Digital. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Western Digital's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Western Digital's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Western Digital's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Western Digital.
Western Digital Implied Volatility | 43.69 |
Western Digital's implied volatility exposes the market's sentiment of Western Digital stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Western Digital's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Western Digital stock will not fluctuate a lot when Western Digital's options are near their expiration.
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 Western Digital 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, Western Digital's short interest history, or implied volatility extrapolated from Western Digital options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Western Digital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Digital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Digital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Western Digital Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.Note that the Western Digital information on this page should be used as a complementary analysis to other Western Digital'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Western Stock analysis
When running Western Digital's price analysis, check to measure Western Digital'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 Western Digital is operating at the current time. Most of Western Digital's value examination focuses on studying past and present price action to predict the probability of Western Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Digital's price. Additionally, you may evaluate how the addition of Western Digital to your portfolios can decrease your overall portfolio volatility.
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |
Is Western Digital'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 Western Digital. If investors know Western 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 Western Digital 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 (0.96) | Earnings Share (5.07) | Revenue Per Share 36.933 | Quarterly Revenue Growth (0.41) | Return On Assets (0.03) |
The market value of Western Digital is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Digital's value that differs from its market value or its book value, called intrinsic value, which is Western Digital'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 Western Digital's market value can be influenced by many factors that don't directly affect Western Digital'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 Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Digital'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.