Air Historical Income Statement
| AIRT Stock | USD 20.21 0.82 4.23% |
Historical analysis of Air T income statement accounts such as Interest Expense of 7.4 M, Selling General Administrative of 53.7 M or Total Revenue of 301.2 M can show how well Air T Inc performed in making a profits. Evaluating Air T income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Air T's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Air T Inc 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 Air T Inc is a good buy for the upcoming year.
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About Air Income Statement Analysis
Air T Inc 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 Air T shareholders. The income statement also shows Air 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).
Air T Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Air T Inc 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 Air T Inc minus its cost of goods sold. It is profit before Air T 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 Air T Inc. It is also known as Air T 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Air T income statement and is an important metric when analyzing Air T Inc 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.Most accounts from Air T's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Air T Inc 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 Air T Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Air T's EBITDA is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 241.9 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (5 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 39.4M | 48.8M | 56.5M | 59.3M | Total Revenue | 177.1M | 247.3M | 286.8M | 301.2M |
Air T income statement Correlations
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Air T income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 5.7M | 3.1M | 1.9M | 4.2M | 2.8M | 2.9M | |
| Interest Expense | 4.5M | 4.4M | 4.8M | 7.9M | 7.0M | 7.4M | |
| Selling General Administrative | 39.6M | 34.3M | 29.8M | 45.4M | 51.1M | 53.7M | |
| Total Revenue | 236.8M | 175.1M | 177.1M | 247.3M | 286.8M | 301.2M | |
| Gross Profit | 46.9M | 31.7M | 39.4M | 48.8M | 56.5M | 59.3M | |
| Other Operating Expenses | 229.5M | 177.7M | 167.5M | 243.9M | 284.4M | 298.6M | |
| Operating Income | 4.8M | (847K) | 8.8M | 4.4M | 1.3M | 2.3M | |
| Ebit | 4.8M | (7.1M) | 18.6M | (3.1M) | 3.1M | 3.2M | |
| Ebitda | 10.5M | (4.0M) | 20.4M | 1.1M | 5.9M | 6.1M | |
| Cost Of Revenue | 189.9M | 143.5M | 137.7M | 198.5M | 230.3M | 241.9M | |
| Total Operating Expenses | 39.6M | 34.3M | 29.8M | 45.4M | 54.0M | 34.9M | |
| Income Before Tax | 2.6M | (11.8M) | 13.4M | (11.4M) | (4.0M) | (3.8M) | |
| Total Other Income Expense Net | (2.2M) | (2.6M) | 4.6M | (7.5M) | (5.2M) | (5.0M) | |
| Net Income | 3.2M | (8.4M) | 10.9M | (11.8M) | (6.8M) | (6.5M) | |
| Income Tax Expense | (544K) | (3.4M) | 1.2M | 432K | 729K | 736.9K | |
| Net Income Applicable To Common Shares | 7.7M | (7.3M) | 10.9M | (12.3M) | (11.1M) | (10.5M) | |
| Net Income From Continuing Ops | 3.2M | (8.4M) | 12.2M | (11.8M) | (4.7M) | (4.4M) | |
| Non Operating Income Net Other | 64.5K | 25K | 2.0M | 989K | 1.1M | 1.2M | |
| Minority Interest | 3.6M | 7.6M | (1.3M) | 510K | (2.1M) | (2.0M) | |
| Tax Provision | (544K) | (3.4M) | 1.2M | 432K | 729K | 765.5K | |
| Interest Income | 3K | 16K | 227K | 328K | 92K | 87.4K | |
| Net Interest Income | (4.7M) | (4.6M) | (4.9M) | (7.9M) | (6.9M) | (7.3M) | |
| Reconciled Depreciation | 5.7M | 3.1M | 1.9M | 4.2M | 2.8M | 3.2M |
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When running Air T's price analysis, check to measure Air T'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 Air T is operating at the current time. Most of Air T's value examination focuses on studying past and present price action to predict the probability of Air T's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air T's price. Additionally, you may evaluate how the addition of Air T to your portfolios can decrease your overall portfolio volatility.