Formula Historical Income Statement

FORTY Stock

USD 69.79 0.38 0.55%

Historical analysis of Formula Systems income statement accounts such as Earning Before Interest and Taxes EBIT of 136.4 M or Gross Profit of 518 M can show how well Formula Systems 1985 performed in making a profits. Evaluating Formula Systems income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Formula Systems's future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Formula Systems 1985 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 Formula Systems 1985 is a good buy for the upcoming year.

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Net Income Gross Profit

About Formula Income Statement Analysis

Formula Systems 1985 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 Formula Systems shareholders. The income statement also shows Formula 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).

Formula Systems Income Statement Chart

Formula Systems 1985 Income Statement is one of the three primary financial statements used for reporting Formula's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Formula Systems 1985 revenue and expense. Formula Systems Income Statement primarily focuses on the company's revenues and expenses during a particular period.

Formula Systems Net Income to Non Controlling Interests is fairly stable at the moment as compared to the past year. Formula Systems reported Net Income to Non Controlling Interests of 118.27 Million in 2022. Operating Income is likely to rise to about 298.5 M in 2023, whereas Consolidated Income is likely to drop slightly above 158.8 M in 2023.

Consolidated Income Earning Before Interest and Taxes EBIT Net Income Revenues

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of Net Income to Non Controlling Interests.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Formula Systems 1985 financial statement analysis. It represents the amount of money remaining after all of Formula Systems 1985 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 Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Revenues

Revenues refers to the total amount of money received by Formula Systems for goods sold or services provided during a certain time period. It also includes all of Formula Systems 1985 sales as well as any other increase in Formula Systems 1985 equity.Revenues are reported on Formula Systems 1985 income statement and calculated before any expenses are subtracted. The amount of Revenue recognised 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. Where this item is not contained on the company consolidated financial statements and cannot otherwise be imputed the value of 0 is used.

Most accounts from Formula Systems' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Formula Systems 1985 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. Formula Systems Net Income to Non Controlling Interests is fairly stable at the moment as compared to the past year. Formula Systems reported Net Income to Non Controlling Interests of 118.27 Million in 2022. Operating Income is likely to rise to about 298.5 M in 2023, whereas Consolidated Income is likely to drop slightly above 158.8 M in 2023.

	2020	2021	2022	2023 (projected)
Cost of Revenue	1.49 B	1.84 B	1.95 B	1.66 B
Consolidated Income	114.02 M	141.9 M	199.67 M	158.8 M

Cost of Revenue Consolidated Income

Formula Systems income statement Correlations

	Consolidated Income	Cost of Revenue	Gross Profit	Interest Expense	Net Income	Net Income Common Stock	Operating Expenses	Operating Income	Revenues	Research and Development Expense	Weighted Average Shares	Weighted Average Shares Diluted	Income Tax Expense
Consolidated Income		0.81	0.81	0.51	0.82	0.82	0.74	0.87	0.81	0.75	0.72	0.69	0.87
Cost of Revenue	0.81		0.99	0.88	0.37	0.37	0.99	0.93	1.0	0.99	0.89	0.84	0.93
Gross Profit	0.81	0.99		0.86	0.35	0.35	0.99	0.95	1.0	0.98	0.87	0.81	0.94
Interest Expense	0.51	0.88	0.86		0.04	0.04	0.9	0.73	0.88	0.9	0.8	0.74	0.74
Net Income	0.82	0.37	0.35	0.04		1.0	0.26	0.47	0.36	0.28	0.35	0.35	0.48
Net Income Common Stock	0.82	0.37	0.35	0.04	1.0		0.26	0.47	0.36	0.28	0.35	0.35	0.48
Operating Expenses	0.74	0.99	0.99	0.9	0.26	0.26		0.9	0.99	0.99	0.86	0.8	0.9
Operating Income	0.87	0.93	0.95	0.73	0.47	0.47	0.9		0.94	0.9	0.91	0.86	0.99
Revenues	0.81	1.0	1.0	0.88	0.36	0.36	0.99	0.94		0.99	0.88	0.83	0.94
Research and Development Expense	0.75	0.99	0.98	0.9	0.28	0.28	0.99	0.9	0.99		0.86	0.81	0.89
Weighted Average Shares	0.72	0.89	0.87	0.8	0.35	0.35	0.86	0.91	0.88	0.86		0.96	0.93
Weighted Average Shares Diluted	0.69	0.84	0.81	0.74	0.35	0.35	0.8	0.86	0.83	0.81	0.96		0.9
Income Tax Expense	0.87	0.93	0.94	0.74	0.48	0.48	0.9	0.99	0.94	0.89	0.93	0.9

Click cells to compare fundamentals

Formula Systems Account Relationship Matchups

High Positive Relationship

Revenues	+ 1.0	Cost of Revenue
Revenues	+ 1.0	Gross Profit
Net Income Common Stock	+ 1.0	Net Income
Gross Profit	+ 0.99	Cost of Revenue
Operating Expenses	+ 0.99	Cost of Revenue
Research and Development Expense	+ 0.99	Cost of Revenue

High Negative Relationship

Not Found

Formula Systems income statement Accounts

	2018	2019	2020	2021	2022	2023 (projected)
Consolidated Income	77.39 M	94.42 M	114.02 M	141.9 M	199.67 M	158.8 M
Cost of Revenue	1.16 B	1.32 B	1.49 B	1.84 B	1.95 B	1.66 B
Earning Before Interest and Taxes EBIT	72.52 M	88.46 M	107.49 M	127.19 M	163.84 M	136.38 M
Earning Before Interest and Taxes USD	72.52 M	88.46 M	107.49 M	127.19 M	163.84 M	136.38 M
Gross Profit	333.31 M	386.05 M	447.43 M	563.86 M	622.47 M	518.03 M
Interest Expense	15.85 M	22.44 M	29.44 M	29.99 M	27.22 M	25.12 M
Net Income	32.37 M	38.82 M	46.78 M	54.59 M	81.39 M	68.7 M
Net Income Common Stock	32.37 M	38.82 M	46.78 M	54.59 M	81.39 M	68.7 M
Net Income Common Stock USD	32.37 M	38.82 M	46.78 M	54.59 M	81.39 M	68.7 M
Net Income to Non Controlling Interests	45.03 M	55.6 M	67.25 M	87.32 M	118.27 M	127.61 M
Operating Expenses	223.69 M	247.56 M	276.79 M	355.84 M	345.82 M	304.45 M
Operating Income	109.62 M	138.49 M	170.64 M	208.02 M	276.64 M	298.48 M
Revenues	1.49 B	1.7 B	1.93 B	2.4 B	2.57 B	2.18 B
Revenues USD	1.49 B	1.7 B	1.93 B	2.4 B	2.57 B	2.18 B
Research and Development Expense	41.22 M	46.69 M	52.6 M	65.86 M	72.13 M	58.13 M
Selling General and Administrative Expense	182.47 M	200.87 M	224.19 M	289.99 M	317.96 M	271.96 M
Weighted Average Shares	14.74 M	15.19 M	15.29 M	15.29 M	15.3 M	16.48 M
Weighted Average Shares Diluted	15.57 M	15.34 M	15.29 M	15.4 M	15.5 M	16.78 M
Income Tax Expense	24.3 M	27.2 M	31.27 M	42.61 M	55.23 M	59.6 M

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 Formula Systems 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, Formula Systems' short interest history, or implied volatility extrapolated from Formula Systems options trading.

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When running Formula Systems' price analysis, check to measure Formula Systems' 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 Formula Systems is operating at the current time. Most of Formula Systems' value examination focuses on studying past and present price action to predict the probability of Formula Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formula Systems' price. Additionally, you may evaluate how the addition of Formula Systems to your portfolios can decrease your overall portfolio volatility.

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Is Formula Systems' 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 Formula Systems. If investors know Formula 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 Formula Systems 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

(0.023)

Earnings Share

5.18

Revenue Per Share

168.172

Quarterly Revenue Growth

(0.036)

Return On Assets

0.0524

The market value of Formula Systems 1985 is measured differently than its book value, which is the value of Formula that is recorded on the company's balance sheet. Investors also form their own opinion of Formula Systems' value that differs from its market value or its book value, called intrinsic value, which is Formula Systems' 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 Formula Systems' market value can be influenced by many factors that don't directly affect Formula Systems' 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 Formula Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formula Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formula Systems' 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. Check out Investing Opportunities to better understand how to build diversified portfolios.

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Formula Historical Income Statement

About Formula Income Statement Analysis

Formula Systems Income Statement Chart

Consolidated Income

Earning Before Interest and Taxes EBIT

Net Income

Revenues

Formula Systems income statement Correlations

Formula Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Formula Systems income statement Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Formula Stock analysis

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