Ampco Historical Income Statement
AP Stock | USD 1.73 0.02 1.14% |
Historical analysis of Ampco Pittsburgh income statement accounts such as Interest Expense of 9.8 M or Selling General Administrative of 42.4 M can show how well Ampco Pittsburgh performed in making a profits. Evaluating Ampco Pittsburgh income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ampco Pittsburgh's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Ampco Pittsburgh 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 Ampco Pittsburgh is a good buy for the upcoming year.
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About Ampco Income Statement Analysis
Ampco Pittsburgh 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 Ampco Pittsburgh shareholders. The income statement also shows Ampco 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).
Ampco Pittsburgh Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of Ampco Pittsburgh minus its cost of goods sold. It is profit before Ampco Pittsburgh 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 Ampco Pittsburgh. It is also known as Ampco Pittsburgh 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.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Ampco Pittsburgh's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ampco Pittsburgh 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 Ampco Pittsburgh. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.At this time, Ampco Pittsburgh's Interest Expense is relatively stable compared to the past year. As of 11/25/2024, Gross Profit is likely to grow to about 70 M, while Total Revenue is likely to drop slightly above 304 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.6M | 5.4M | 9.3M | 9.8M | Depreciation And Amortization | 17.9M | 17.4M | 17.7M | 11.7M |
Ampco Pittsburgh income statement Correlations
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Ampco Pittsburgh Account Relationship Matchups
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Ampco Pittsburgh income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 19.0M | 18.6M | 17.9M | 17.4M | 17.7M | 11.7M | |
Interest Expense | 5.3M | 4.1M | 3.6M | 5.4M | 9.3M | 9.8M | |
Selling General Administrative | 53.6M | 45.5M | 46.0M | 37.0M | 45.9M | 42.4M | |
Total Revenue | 397.9M | 328.5M | 344.9M | 390.2M | 422.3M | 304.0M | |
Gross Profit | 71.7M | 71.0M | 57.3M | 62.2M | 56.9M | 70.0M | |
Other Operating Expenses | 398.8M | 321.6M | 351.5M | 388.9M | 456.9M | 292.5M | |
Operating Income | 5.6M | 11.9M | (292K) | 7.8M | (34.6M) | (32.8M) | |
Ebit | 5.6M | 12.8M | 2.6M | 11.0M | (29.9M) | (28.4M) | |
Ebitda | 24.6M | 31.4M | 20.5M | 28.4M | (12.2M) | (11.6M) | |
Cost Of Revenue | 326.2M | 257.5M | 287.6M | 328.0M | 365.4M | 234.1M | |
Total Operating Expenses | 72.6M | 64.1M | 63.9M | 60.9M | 109.1M | 58.9M | |
Income Before Tax | (8.4M) | 8.7M | (9.8M) | 5.6M | (39.3M) | (37.3M) | |
Total Other Income Expense Net | (14.0M) | 2.3M | 3.8M | 2.8M | (4.7M) | (4.9M) | |
Net Income | (10.5M) | 8.0M | (12.1M) | 3.4M | (39.9M) | (37.9M) | |
Income Tax Expense | 2.1M | (470K) | 2.3M | 1.6M | (1.2M) | (1.1M) | |
Net Income Applicable To Common Shares | (21.0M) | 8.0M | (12.7M) | 3.4M | 3.1M | 3.2M | |
Research Development | 2.5M | 2.0M | 1.2M | 1.0M | 662K | 628.9K | |
Net Income From Continuing Ops | (10.5M) | 9.2M | (12.1M) | 4.0M | 2.9M | 3.1M | |
Non Recurring | 10.0M | 185K | 361K | 706K | 811.9K | 771.3K | |
Non Operating Income Net Other | 7.9M | 6.4M | 7.4M | 8.2M | 9.4M | 9.9M | |
Minority Interest | 1.4M | 8.4M | 561K | 564K | (1.5M) | (1.4M) | |
Tax Provision | 2.1M | (470K) | 2.3M | 1.6M | 685K | 650.8K | |
Interest Income | 5.0M | 2.8M | 3.6M | 2.6M | 3.0M | 3.1M | |
Net Interest Income | (5.3M) | (4.1M) | (3.6M) | (5.4M) | (8.5M) | (8.1M) | |
Reconciled Depreciation | 19.0M | 18.6M | 17.9M | 17.4M | 17.4M | 15.3M |
Pair Trading with Ampco Pittsburgh
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ampco Pittsburgh position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ampco Pittsburgh will appreciate offsetting losses from the drop in the long position's value.Moving against Ampco Stock
0.65 | HAYN | Haynes International | PairCorr |
0.37 | RYI | Ryerson Holding Corp | PairCorr |
0.35 | GIFI | Gulf Island Fabrication | PairCorr |
0.35 | NWPX | Northwest Pipe | PairCorr |
0.34 | MLI | Mueller Industries | PairCorr |
The ability to find closely correlated positions to Ampco Pittsburgh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ampco Pittsburgh when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ampco Pittsburgh - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ampco Pittsburgh to buy it.
The correlation of Ampco Pittsburgh is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ampco Pittsburgh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ampco Pittsburgh moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ampco Pittsburgh can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ampco Stock Analysis
When running Ampco Pittsburgh's price analysis, check to measure Ampco Pittsburgh'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 Ampco Pittsburgh is operating at the current time. Most of Ampco Pittsburgh's value examination focuses on studying past and present price action to predict the probability of Ampco Pittsburgh's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ampco Pittsburgh's price. Additionally, you may evaluate how the addition of Ampco Pittsburgh to your portfolios can decrease your overall portfolio volatility.