Abits Historical Income Statement
| ABTS Stock | 0.62 0.03 5.08% |
Historical analysis of Abits income statement accounts such as Interest Income of 8.4 K, Total Revenue of 1.8 M or Gross Profit of 829.1 K can show how well Abits Group performed in making a profits. Evaluating Abits income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Abits's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Abits Group 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 Abits Group is a good buy for the upcoming year.
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About Abits Income Statement Analysis
Abits Group 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 Abits shareholders. The income statement also shows Abits 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).
Abits Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Abits Group 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Abits Group. It is also known as Abits 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Abits Group financial statement analysis. It represents the amount of money remaining after all of Abits Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most accounts from Abits' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Abits Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Abits Group. 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. At this time, Abits' Total Revenue is comparatively stable compared to the past year. Gross Profit is likely to gain to about 829.1 K in 2024, despite the fact that Operating Income is likely to grow to (10.5 M).
Abits income statement Correlations
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Abits Account Relationship Matchups
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Additional Tools for Abits Stock Analysis
When running Abits' price analysis, check to measure Abits' 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 Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.