Academy Historical Income Statement
| ASO Stock | USD 46.64 0.85 1.86% |
Historical analysis of Academy Sports income statement accounts such as Depreciation And Amortization of 94.4 M, Interest Expense of 62 M or Selling General Administrative of 997.4 M can show how well Academy Sports Outdoors performed in making a profits. Evaluating Academy Sports income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Academy Sports's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Academy Sports Outdoors 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 Academy Sports Outdoors is a good buy for the upcoming year.
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About Academy Income Statement Analysis
Academy Sports Outdoors 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 Academy Sports shareholders. The income statement also shows Academy 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).
Academy Sports Income Statement Chart
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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.Total Revenue
Total revenue comprises all receipts Academy Sports Outdoors 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 Academy Sports Outdoors minus its cost of goods sold. It is profit before Academy Sports 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Academy Sports Outdoors financial statement analysis. It represents the amount of money remaining after all of Academy Sports Outdoors operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Academy Sports' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Academy Sports Outdoors 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 Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. At this time, Academy Sports' Non Operating Income Net Other is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 49.0M | 46.4M | 46.1M | 62.0M | Depreciation And Amortization | 99.7M | 106.7M | 110.9M | 94.4M |
Academy Sports income statement Correlations
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Academy Sports Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Academy Sports income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 2.8M | 30.4M | 188.2M | 190.3M | 144.0M | 88.1M | |
| Net Interest Income | (101.3M) | (86.5M) | (49.0M) | (46.4M) | (46.1M) | (48.4M) | |
| Depreciation And Amortization | 119.7M | 119.4M | 99.7M | 106.7M | 110.9M | 94.4M | |
| Interest Expense | 101.3M | 86.5M | 49.0M | 46.4M | 46.1M | 62.0M | |
| Selling General Administrative | 1.3B | 1.3B | 1.3B | 1.2B | 1.2B | 997.4M | |
| Total Revenue | 4.8B | 5.7B | 6.8B | 6.4B | 6.2B | 6.2B | |
| Gross Profit | 1.4B | 1.7B | 2.4B | 2.2B | 2.1B | 2.0B | |
| Other Operating Expenses | 4.7B | 5.3B | 5.9B | 5.5B | 5.5B | 5.7B | |
| Operating Income | 179.4M | 420.4M | 907.9M | 846.5M | 677.9M | 521.5M | |
| Net Income From Continuing Ops | 120.0M | 308.8M | 671.4M | 628.0M | 519.2M | 365.7M | |
| Ebit | 179.4M | 415.6M | 905.2M | 864.8M | 677.9M | 523.5M | |
| Ebitda | 299.2M | 535.0M | 1.0B | 971.5M | 788.8M | 653.3M | |
| Cost Of Revenue | 3.4B | 4.0B | 4.4B | 4.2B | 4.0B | 4.2B | |
| Total Operating Expenses | 1.3B | 1.3B | 1.4B | 1.4B | 1.4B | 1.5B | |
| Reconciled Depreciation | 117.3M | 105.5M | 105.3M | 106.8M | 110.9M | 92.8M | |
| Income Before Tax | 122.9M | 339.1M | 859.5M | 818.3M | 663.2M | 453.8M | |
| Total Other Income Expense Net | (56.6M) | (81.3M) | (48.4M) | (28.2M) | (14.7M) | (15.4M) | |
| Net Income Applicable To Common Shares | 120.0M | 308.8M | 671.4M | 628.0M | 722.2M | 758.3M | |
| Net Income | 120.0M | 308.8M | 671.4M | 628.0M | 519.2M | 365.7M | |
| Income Tax Expense | 2.8M | 30.4M | 188.2M | 190.3M | 144.0M | 88.1M |
Pair Trading with Academy Sports
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 Academy Sports 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 Academy Sports will appreciate offsetting losses from the drop in the long position's value.Moving against Academy Stock
| 0.68 | LAD | Lithia Motors | PairCorr |
| 0.64 | BH | Biglari Holdings | PairCorr |
| 0.61 | DORM | Dorman Products | PairCorr |
| 0.6 | RMBL | RumbleON | PairCorr |
| 0.56 | ABG | Asbury Automotive | PairCorr |
The ability to find closely correlated positions to Academy Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Academy Sports 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 Academy Sports - 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 Academy Sports Outdoors to buy it.
The correlation of Academy Sports 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 Academy Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Academy Sports Outdoors 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 Academy Sports 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Academy Sports Outdoors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Other Specialty Retail 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 Academy Sports. If investors know Academy 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 Academy Sports 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 (0.03) | Dividend Share 0.42 | Earnings Share 6.44 | Revenue Per Share 82.956 | Quarterly Revenue Growth (0.02) |
The market value of Academy Sports Outdoors is measured differently than its book value, which is the value of Academy that is recorded on the company's balance sheet. Investors also form their own opinion of Academy Sports' value that differs from its market value or its book value, called intrinsic value, which is Academy Sports' 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 Academy Sports' market value can be influenced by many factors that don't directly affect Academy Sports' 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 Academy Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Academy Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Academy Sports' 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.