Citi Historical Income Statement
| CTRN Stock | USD 17.89 0.03 0.17% |
Historical analysis of Citi Trends income statement accounts such as Selling General Administrative of 268.8 M, Total Revenue of 597.1 M or Gross Profit of 227.3 M can show how well Citi Trends performed in making a profits. Evaluating Citi Trends income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Citi Trends's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Citi Trends 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 Citi Trends is a good buy for the upcoming year.
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About Citi Income Statement Analysis
Citi Trends 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 Citi Trends shareholders. The income statement also shows Citi 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).
Citi Trends Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Citi Trends 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 Citi Trends minus its cost of goods sold. It is profit before Citi Trends 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 Citi Trends. It is also known as Citi Trends 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.Operating Income
Operating Income is the amount of profit realized from Citi Trends operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Citi Trends is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Citi Trends' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Citi Trends 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 Citi Trends. 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. To learn how to invest in Citi Stock, please use our How to Invest in Citi Trends guide.At this time, Citi Trends' Reconciled Depreciation is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 407.5M | 311.0M | 285.1M | 227.3M | Total Revenue | 991.6M | 795.0M | 747.9M | 597.1M |
Citi Trends income statement Correlations
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Citi Trends Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Citi Trends income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 154K | 158K | 776K | 306K | 351.9K | 214.8K | |
| Selling General Administrative | 257.8M | 258.6M | 306.4M | 278.4M | 282.9M | 268.8M | |
| Total Revenue | 781.9M | 783.3M | 991.6M | 795.0M | 747.9M | 597.1M | |
| Gross Profit | 297.2M | 311.7M | 407.5M | 311.0M | 285.1M | 227.3M | |
| Other Operating Expenses | 762.9M | 751.1M | 912.1M | 783.8M | 767.4M | 576.9M | |
| Operating Income | 18.5M | 31.9M | 79.5M | 12.3M | (19.5M) | (18.5M) | |
| Ebit | (24.9M) | 32.2M | 79.5M | 76.3M | (15.6M) | (14.8M) | |
| Ebitda | 39.1M | 99.7M | 150.4M | 148.2M | 3.4M | 3.2M | |
| Cost Of Revenue | 484.7M | 471.6M | 584.1M | 484.0M | 462.8M | 369.8M | |
| Total Operating Expenses | 278.2M | 279.5M | 328.0M | 299.8M | 284.5M | 204.3M | |
| Income Before Tax | 20.0M | 31.4M | 79.2M | 76.0M | (15.9M) | (15.1M) | |
| Total Other Income Expense Net | 1.4M | (538K) | (275K) | 728K | 3.6M | 3.7M | |
| Net Income | 16.5M | 24.0M | 62.2M | 58.9M | (12.0M) | (11.4M) | |
| Income Tax Expense | 3.5M | 7.4M | 17.0M | 17.1M | (3.9M) | (3.7M) | |
| Depreciation And Amortization | 64.0M | 67.5M | 70.8M | 71.9M | 19.0M | 29.4M | |
| Net Income Applicable To Common Shares | 16.5M | 24.0M | 62.2M | 58.9M | 67.7M | 71.1M | |
| Net Income From Continuing Ops | 16.5M | 24.0M | 62.2M | 58.9M | (12.0M) | (11.4M) | |
| Selling And Marketing Expenses | 1.7M | 1.8M | 1.6M | 1.2M | 800K | 1.5M | |
| Tax Provision | 3.5M | 7.4M | 17.0M | 17.1M | (3.9M) | (3.7M) | |
| Net Interest Income | 1.4M | (538K) | (275K) | 728K | 3.6M | 3.7M | |
| Interest Income | 1.6M | 238K | 31K | 1.0M | 3.9M | 4.1M | |
| Reconciled Depreciation | 18.5M | 19.3M | 20.4M | 20.6M | 19.0M | 21.3M |
Pair Trading with Citi Trends
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 Citi Trends 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 Citi Trends will appreciate offsetting losses from the drop in the long position's value.Moving together with Citi Stock
Moving against Citi Stock
| 0.69 | BGI | Birks Group | PairCorr |
| 0.55 | DKS | Dicks Sporting Goods | PairCorr |
| 0.51 | AAP | Advance Auto Parts | PairCorr |
| 0.33 | DIT | AMCON Distributing | PairCorr |
The ability to find closely correlated positions to Citi Trends could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citi Trends 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 Citi Trends - 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 Citi Trends to buy it.
The correlation of Citi Trends 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 Citi Trends moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citi Trends 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 Citi Trends 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 Citi Trends. 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. To learn how to invest in Citi Stock, please use our How to Invest in Citi Trends guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is 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 Citi Trends. If investors know Citi 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 Citi Trends 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 (0.48) | Earnings Share (2.68) | Revenue Per Share 91.639 | Quarterly Revenue Growth 0.017 | Return On Assets (0.04) |
The market value of Citi Trends is measured differently than its book value, which is the value of Citi that is recorded on the company's balance sheet. Investors also form their own opinion of Citi Trends' value that differs from its market value or its book value, called intrinsic value, which is Citi Trends' 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 Citi Trends' market value can be influenced by many factors that don't directly affect Citi Trends' 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 Citi Trends' value and its price as these two are different measures arrived at by different means. Investors typically determine if Citi Trends is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citi Trends' 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.