Heritage Income Before Tax from 2010 to 2024
| HGBL Stock | USD 1.72 0.06 3.61% |
Income Before Tax | First Reported 1990-03-31 | Previous Quarter 3.4 M | Current Value 1.5 M | Quarterly Volatility 1.1 B |
Check Heritage Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Heritage Global's main balance sheet or income statement drivers, such as Depreciation And Amortization of 488.3 K, Interest Expense of 307.8 K or Selling General Administrative of 13.6 M, as well as many indicators such as Price To Sales Ratio of 1.6, Dividend Yield of 0.22 or PTB Ratio of 1.59. Heritage financial statements analysis is a perfect complement when working with Heritage Global Valuation or Volatility modules.
Heritage | Income Before Tax |
Latest Heritage Global's Income Before Tax Growth Pattern
Below is the plot of the Income Before Tax of Heritage Global over the last few years. Income Before Tax which can also be referred as pre-tax income is reported on Heritage Global income statement and is an important metric when analyzing Heritage Global profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability. It is Heritage Global's Income Before Tax historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Heritage Global's overall financial position and show how it may be relating to other accounts over time.
| Income Before Tax | 10 Years Trend |
|
Income Before Tax |
| Timeline |
Heritage Income Before Tax Regression Statistics
| Arithmetic Mean | 2,731,583 | |
| Geometric Mean | 2,489,210 | |
| Coefficient Of Variation | 247.84 | |
| Mean Deviation | 5,096,678 | |
| Median | 2,986,000 | |
| Standard Deviation | 6,769,912 | |
| Sample Variance | 45.8T | |
| Range | 25.1M | |
| R-Value | 0.73 | |
| Mean Square Error | 23T | |
| R-Squared | 0.53 | |
| Significance | 0 | |
| Slope | 1,106,726 | |
| Total Sum of Squares | 641.6T |
Heritage Income Before Tax History
About Heritage Global Financial Statements
Heritage Global investors utilize fundamental indicators, such as Income Before Tax, to predict how Heritage Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Before Tax | 14 M | 14.7 M |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out the analysis of Heritage Global Correlation against competitors. For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Asset Management & Custody Banks space 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 Heritage Global. If investors know Heritage 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 Heritage Global 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 (0.41) | Earnings Share 0.27 | Revenue Per Share 1.361 | Quarterly Revenue Growth (0.33) | Return On Assets 0.066 |
The market value of Heritage Global is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Global's value that differs from its market value or its book value, called intrinsic value, which is Heritage Global'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 Heritage Global's market value can be influenced by many factors that don't directly affect Heritage Global'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 Heritage Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Global'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.