Okeanis Historical Income Statement
| ECO Stock | 23.58 0.25 1.07% |
Historical analysis of Okeanis Eco income statement accounts such as Total Revenue of 237 M or Gross Profit of 232.5 M can show how well Okeanis Eco Tankers performed in making a profits. Evaluating Okeanis Eco income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Okeanis Eco's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Okeanis Eco Tankers 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 Okeanis Eco Tankers is a good buy for the upcoming year.
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About Okeanis Income Statement Analysis
Okeanis Eco Tankers 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 Okeanis Eco shareholders. The income statement also shows Okeanis 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).
Okeanis Eco Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Okeanis Eco Tankers 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 Okeanis Eco Tankers minus its cost of goods sold. It is profit before Okeanis Eco 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 Okeanis Eco Tankers. It is also known as Okeanis Eco 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 Okeanis Eco Tankers 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 Okeanis Eco Tankers 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Okeanis Eco income statement and is an important metric when analyzing Okeanis Eco Tankers 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 Okeanis Eco's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Okeanis Eco Tankers 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Okeanis Eco's Interest Income is very stable compared to the past year. As of the 25th of November 2024, Selling General Administrative is likely to grow to about 15.3 M, while Depreciation And Amortization is likely to drop about 34.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 27.1M | 35.1M | 58.7M | 37.2M | Depreciation And Amortization | 38.7M | 38.0M | 40.4M | 34.9M |
Okeanis Eco income statement Correlations
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Okeanis Eco Account Relationship Matchups
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High Negative Relationship
Okeanis Eco income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 24.6M | 41.6M | 38.7M | 38.0M | 40.4M | 34.9M | |
| Interest Expense | 38.8M | 34.4M | 27.1M | 35.1M | 58.7M | 37.2M | |
| Total Revenue | 127.7M | 282.9M | 169.0M | 271.0M | 413.1M | 237.0M | |
| Gross Profit | 53.0M | 153.0M | 44.6M | 123.2M | 221.4M | 232.5M | |
| Other Operating Expenses | 82.0M | 141.5M | 137.1M | 160.8M | 212.0M | 139.0M | |
| Operating Income | 45.8M | 141.4M | 32.0M | 110.1M | 201.1M | 211.2M | |
| Ebit | 45.8M | 139.0M | 31.9M | 122.6M | 201.1M | 211.2M | |
| Ebitda | 70.4M | 180.6M | 70.5M | 160.6M | 241.5M | 134.8M | |
| Cost Of Revenue | 74.8M | 129.9M | 124.4M | 147.8M | 191.7M | 126.7M | |
| Total Operating Expenses | 7.2M | 11.6M | 12.7M | 13.1M | 20.3M | 12.3M | |
| Income Before Tax | 11.4M | 101.3M | (902.9K) | 84.6M | 145.3M | 152.5M | |
| Total Other Income Expense Net | (34.4M) | (40.0M) | (32.9M) | (25.6M) | (55.9M) | (53.1M) | |
| Net Income | 11.4M | 101.3M | (902.9K) | 84.6M | 145.3M | 152.5M |
Pair Trading with Okeanis Eco
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 Okeanis Eco 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 Okeanis Eco will appreciate offsetting losses from the drop in the long position's value.Moving together with Okeanis Stock
| 0.74 | SB | Safe Bulkers Potential Growth | PairCorr |
Moving against Okeanis Stock
The ability to find closely correlated positions to Okeanis Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okeanis Eco 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 Okeanis Eco - 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 Okeanis Eco Tankers to buy it.
The correlation of Okeanis Eco 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 Okeanis Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okeanis Eco Tankers 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 Okeanis Eco 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Is Marine Transportation 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 Okeanis Eco. If investors know Okeanis 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 Okeanis Eco 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 (0.25) | Earnings Share 3.78 | Revenue Per Share 12.416 | Quarterly Revenue Growth (0.05) | Return On Assets 0.095 |
The market value of Okeanis Eco Tankers is measured differently than its book value, which is the value of Okeanis that is recorded on the company's balance sheet. Investors also form their own opinion of Okeanis Eco's value that differs from its market value or its book value, called intrinsic value, which is Okeanis Eco'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 Okeanis Eco's market value can be influenced by many factors that don't directly affect Okeanis Eco'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 Okeanis Eco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okeanis Eco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okeanis Eco'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.