Alta Historical Income Statement
| ALTG Stock | USD 7.74 0.31 3.85% |
Historical analysis of Alta Equipment income statement accounts such as Net Income Applicable To Common Shares of 6 M, Net Income of 9.3 M or Selling General Administrative of 225 M can show how well Alta Equipment Group performed in making a profits. Evaluating Alta Equipment income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Alta Equipment's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Alta Equipment 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 Alta Equipment Group is a good buy for the upcoming year.
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About Alta Income Statement Analysis
Alta Equipment 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 Alta Equipment shareholders. The income statement also shows Alta 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).
Alta Equipment Income Statement Chart
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Cost Of Revenue
Cost of Revenue is found on Alta Equipment Group income statement and represents the costs associated with goods and services Alta Equipment provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Alta Equipment Group. It is also known as Alta Equipment 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.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 Alta Equipment's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Alta Equipment 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 Alta Equipment 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, Alta Equipment's Net Income is most likely to increase significantly in the upcoming years. The Alta Equipment's current Total Revenue is estimated to increase to about 2 B, while Income Tax Expense is forecasted to increase to (6.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 95.8M | 112M | 132.6M | 102.4M | Interest Income | 24M | 31.8M | 36.6M | 22.5M |
Alta Equipment income statement Correlations
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Alta Equipment Account Relationship Matchups
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Alta Equipment income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 309K | (6.6M) | 3.6M | 1.3M | (6.4M) | (6.1M) | |
| Interest Expense | 2.3M | 23.8M | 24M | 31.8M | 57M | 59.9M | |
| Net Income Applicable To Common Shares | (35.4M) | (24M) | (23.4M) | 6.3M | 5.7M | 6.0M | |
| Net Income | 8.9K | (24M) | (20.8M) | 9.3M | 8.9M | 9.3M | |
| Income Tax Expense | 309K | (6.6M) | 3.6M | 1.3M | (6.4M) | (6.1M) | |
| Selling General Administrative | 137.6M | 216M | 285.9M | 362.3M | 430.3M | 225.0M | |
| Total Revenue | 180.5M | 873.6M | 1.2B | 1.6B | 1.9B | 2.0B | |
| Gross Profit | (1.9M) | 214.5M | 314.4M | 419.6M | 507.2M | 259.7M | |
| Operating Income | (1.9M) | 800K | 18M | 40.8M | 54.4M | 57.1M | |
| Net Income From Continuing Ops | 8.9K | (24M) | (20.8M) | 9.3M | 10.1M | 10.6M | |
| Ebit | (1.9M) | (6.8M) | 6.8M | 42.4M | 59.5M | 62.5M | |
| Cost Of Revenue | 1.9M | 659.1M | 898.4M | 1.2B | 1.4B | 729.4M | |
| Total Operating Expenses | 1.9M | 222.6M | 296.4M | 378.8M | 452.8M | 475.4M | |
| Income Before Tax | 317.9K | (30.6M) | (17.2M) | 10.6M | 2.5M | 2.6M | |
| Total Other Income Expense Net | 2.3M | (22.5M) | (35.2M) | (30.2M) | (51.9M) | (49.3M) | |
| Other Operating Expenses | 1.9M | 881.7M | 1.2B | 1.5B | 1.8B | 995.8M | |
| Ebitda | (1.9M) | 68.2M | 102.6M | 154.4M | 192.1M | 201.7M |
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When determining whether Alta Equipment Group is a strong investment it is important to analyze Alta Equipment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alta Equipment's future performance. For an informed investment choice regarding Alta Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alta Equipment 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. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Trading Companies & Distributors 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 Alta Equipment. If investors know Alta 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 Alta Equipment 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 0.454 | Dividend Share 0.228 | Earnings Share (1.71) | Revenue Per Share 57.408 | Quarterly Revenue Growth (0.04) |
The market value of Alta Equipment Group is measured differently than its book value, which is the value of Alta that is recorded on the company's balance sheet. Investors also form their own opinion of Alta Equipment's value that differs from its market value or its book value, called intrinsic value, which is Alta Equipment'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 Alta Equipment's market value can be influenced by many factors that don't directly affect Alta Equipment'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 Alta Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alta Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alta Equipment'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.