Envirotech Historical Income Statement
| EVTV Stock | USD 1.73 0.03 1.70% |
Historical analysis of Envirotech Vehicles income statement accounts such as Total Revenue of 5.3 M or Gross Profit of 2.1 M can show how well Envirotech Vehicles performed in making a profits. Evaluating Envirotech Vehicles income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Envirotech Vehicles's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Envirotech Vehicles 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 Envirotech Vehicles is a good buy for the upcoming year.
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About Envirotech Income Statement Analysis
Envirotech Vehicles 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 Envirotech Vehicles shareholders. The income statement also shows Envirotech 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).
Envirotech Vehicles Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Envirotech Vehicles 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 Envirotech Vehicles minus its cost of goods sold. It is profit before Envirotech Vehicles 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 Envirotech Vehicles. It is also known as Envirotech Vehicles 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 Envirotech Vehicles' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Envirotech Vehicles 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envirotech Vehicles. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Envirotech Stock please use our How to Invest in Envirotech Vehicles guide.At this time, Envirotech Vehicles' Interest Expense is fairly stable compared to the past year. Total Revenue is likely to climb to about 5.3 M in 2024, despite the fact that Operating Income is likely to grow to (41.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 761.4K | 1.7M | 2.0M | 2.1M | Total Revenue | 2.0M | 4.5M | 4.1M | 5.3M |
Envirotech Vehicles income statement Correlations
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Envirotech Vehicles Account Relationship Matchups
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Envirotech Vehicles income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 189K | 42K | 2.9K | 4.4B | 5.1B | 5.3B | |
| Selling General Administrative | 5.7M | 426.1K | 8.4M | 8.3M | 7.5M | 6.9M | |
| Total Revenue | 24.2M | 88.7K | 2.0M | 4.5M | 4.1M | 5.3M | |
| Gross Profit | 934K | 15.2K | 761.4K | 1.7M | 2.0M | 2.1M | |
| Other Operating Expenses | 29.4M | 499.7K | 9.8M | 11.3M | 10.1M | 12.5M | |
| Operating Income | (5.2M) | (411.0K) | (7.7M) | (6.8M) | (43.8M) | (41.7M) | |
| Ebit | (5.2M) | (411.0K) | (7.7M) | (6.8M) | 30.3M | 31.9M | |
| Research Development | 109K | 75K | 58.1K | 149.9K | 134.9K | 207.4K | |
| Ebitda | (5.2M) | (393.3K) | (7.9M) | 30.4M | 35.0M | 36.8M | |
| Total Operating Expenses | 6.1M | 426.1K | 8.5M | 11.3M | 8.5M | 7.7M | |
| Income Before Tax | (5.2M) | (406.8K) | (7.4M) | (43.8M) | (39.4M) | (37.5M) | |
| Total Other Income Expense Net | 60K | 4.1K | 292.6K | (37.1M) | (33.4M) | (31.7M) | |
| Net Income | (5.2M) | (279.5K) | (7.7M) | (43.8M) | (39.4M) | (37.5M) | |
| Cost Of Revenue | 23.3M | 73.6K | 1.3M | 2.8M | 2.5M | 2.4M |
Pair Trading with Envirotech Vehicles
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 Envirotech Vehicles 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 Envirotech Vehicles will appreciate offsetting losses from the drop in the long position's value.Moving together with Envirotech Stock
Moving against Envirotech Stock
The ability to find closely correlated positions to Envirotech Vehicles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envirotech Vehicles 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 Envirotech Vehicles - 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 Envirotech Vehicles to buy it.
The correlation of Envirotech Vehicles 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 Envirotech Vehicles moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envirotech Vehicles 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 Envirotech Vehicles 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.Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' 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 Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.