GRIT Historical Income Statement

GR1T Stock

10.50 0.25 2.33%

Historical analysis of GRIT Real income statement accounts such as Total Revenue of 103 K or Gross Profit of 88.2 K can show how well GRIT Real Estate performed in making a profits. Evaluating GRIT Real income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of GRIT Real's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining GRIT Real Estate 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 GRIT Real Estate is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GRIT Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About GRIT Income Statement Analysis

GRIT Real Estate 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 GRIT Real shareholders. The income statement also shows GRIT 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).

GRIT Real Income Statement Chart

At this time, GRIT Real's Income Tax Expense is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 9.9 M in 2024, whereas Interest Expense is likely to drop slightly above 35.7 K in 2024.

Depreciation And Amortization Selling General Administrative Total Revenue Other Operating Expenses Ebit Ebitda

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.

Total Revenue

Total revenue comprises all receipts GRIT Real Estate 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of GRIT Real Estate. It is also known as GRIT Real 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.

Most accounts from GRIT Real's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into GRIT Real Estate 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GRIT Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Gross Profit	42.1M	46.6M	51.6M	88.2K
Total Revenue	50.8M	56.2M	64.0M	103.0K

Gross Profit Total Revenue

GRIT Real income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Net Income From Continuing Ops	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.98	0.87	0.94	0.95	0.89	0.51	-0.28	-0.28	0.9	-0.62	-0.77	-0.65	0.19	0.83	-0.44	0.44	-0.03	-0.78	0.52	0.64
Interest Expense	0.98		0.89	0.96	0.96	0.93	0.58	-0.21	-0.2	0.92	-0.58	-0.75	-0.6	0.25	0.89	-0.34	0.39	0.03	-0.73	0.6	0.61
Selling General Administrative	0.87	0.89		0.93	0.93	0.99	0.66	-0.12	-0.11	0.99	-0.36	-0.57	-0.43	0.58	0.91	-0.33	0.32	0.24	-0.66	0.73	0.47
Total Revenue	0.94	0.96	0.93		1.0	0.95	0.68	-0.22	-0.21	0.94	-0.51	-0.72	-0.56	0.41	0.96	-0.34	0.39	0.1	-0.59	0.57	0.42
Gross Profit	0.95	0.96	0.93	1.0		0.95	0.66	-0.24	-0.23	0.94	-0.53	-0.73	-0.58	0.37	0.94	-0.36	0.41	0.08	-0.61	0.55	0.44
Other Operating Expenses	0.89	0.93	0.99	0.95	0.95		0.7	-0.12	-0.11	0.99	-0.4	-0.61	-0.46	0.54	0.94	-0.3	0.35	0.23	-0.66	0.74	0.49
Operating Income	0.51	0.58	0.66	0.68	0.66	0.7		0.26	0.27	0.64	0.07	-0.27	0.0	0.6	0.72	0.14	0.38	0.3	-0.3	0.58	0.18
Ebit	-0.28	-0.21	-0.12	-0.22	-0.24	-0.12	0.26		1.0	-0.13	0.88	0.71	0.89	0.15	-0.14	0.92	-0.41	0.06	0.25	0.06	-0.29
Ebitda	-0.28	-0.2	-0.11	-0.21	-0.23	-0.11	0.27	1.0		-0.12	0.88	0.7	0.89	0.15	-0.13	0.92	-0.4	0.06	0.24	0.07	-0.29
Total Operating Expenses	0.9	0.92	0.99	0.94	0.94	0.99	0.64	-0.13	-0.12		-0.4	-0.59	-0.46	0.51	0.89	-0.32	0.34	0.24	-0.7	0.72	0.53
Income Before Tax	-0.62	-0.58	-0.36	-0.51	-0.53	-0.4	0.07	0.88	0.88	-0.4		0.9	0.99	0.2	-0.4	0.83	-0.44	0.13	0.53	-0.11	-0.55
Total Other Income Expense Net	-0.77	-0.75	-0.57	-0.72	-0.73	-0.61	-0.27	0.71	0.7	-0.59	0.9		0.91	0.06	-0.62	0.7	-0.43	0.17	0.59	-0.2	-0.57
Net Income	-0.65	-0.6	-0.43	-0.56	-0.58	-0.46	0.0	0.89	0.89	-0.46	0.99	0.91		0.07	-0.46	0.87	-0.46	0.02	0.53	-0.18	-0.54
Income Tax Expense	0.19	0.25	0.58	0.41	0.37	0.54	0.6	0.15	0.15	0.51	0.2	0.06	0.07		0.53	-0.04	0.04	0.8	-0.08	0.61	-0.06
Cost Of Revenue	0.83	0.89	0.91	0.96	0.94	0.94	0.72	-0.14	-0.13	0.89	-0.4	-0.62	-0.46	0.53		-0.22	0.31	0.2	-0.43	0.65	0.28
Net Income From Continuing Ops	-0.44	-0.34	-0.33	-0.34	-0.36	-0.3	0.14	0.92	0.92	-0.32	0.83	0.7	0.87	-0.04	-0.22		-0.51	-0.04	0.5	-0.13	-0.49
Minority Interest	0.44	0.39	0.32	0.39	0.41	0.35	0.38	-0.41	-0.4	0.34	-0.44	-0.43	-0.46	0.04	0.31	-0.51		-0.07	-0.48	0.42	0.48
Tax Provision	-0.03	0.03	0.24	0.1	0.08	0.23	0.3	0.06	0.06	0.24	0.13	0.17	0.02	0.8	0.2	-0.04	-0.07		-0.03	0.49	0.01
Net Interest Income	-0.78	-0.73	-0.66	-0.59	-0.61	-0.66	-0.3	0.25	0.24	-0.7	0.53	0.59	0.53	-0.08	-0.43	0.5	-0.48	-0.03		-0.56	-0.96
Interest Income	0.52	0.6	0.73	0.57	0.55	0.74	0.58	0.06	0.07	0.72	-0.11	-0.2	-0.18	0.61	0.65	-0.13	0.42	0.49	-0.56		0.51
Reconciled Depreciation	0.64	0.61	0.47	0.42	0.44	0.49	0.18	-0.29	-0.29	0.53	-0.55	-0.57	-0.54	-0.06	0.28	-0.49	0.48	0.01	-0.96	0.51

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GRIT Real Account Relationship Matchups

GRIT Real income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	594K	722K	677K	1.2M	1.2M	(9.5K)
Interest Expense	22.8M	25.4M	26.2M	39.6M	50.3M	35.7K
Selling General Administrative	20.1M	13.9M	16.9M	22.6M	18.0M	146.5K
Total Revenue	48.5M	49.2M	50.8M	56.2M	64.0M	103.0K
Gross Profit	38.0M	40.7M	42.1M	46.6M	51.6M	88.2K
Other Operating Expenses	29.3M	22.4M	26.8M	32.3M	33.2M	161.4K
Operating Income	19.2M	26.8M	60.3M	20.5M	30.8M	(58.3K)
Ebit	(75.7M)	(75.0M)	40.3M	17.1M	(39.8M)	(58.3K)
Ebitda	(75.1M)	(74.3M)	41.0M	18.3M	(38.6M)	(67.8K)
Total Operating Expenses	18.8M	13.8M	18.1M	22.6M	20.8M	146.5K
Income Before Tax	(53.9M)	(60.9M)	17.7M	(21.3M)	(90.1M)	(103.5K)
Total Other Income Expense Net	(72.8M)	(80.8M)	(42.6M)	(41.8M)	(120.9M)	(8.2K)
Net Income	(67.2M)	(61.4M)	10.4M	(23.6M)	(84.5M)	(103.5K)
Income Tax Expense	13.4M	445K	6.6M	4.2M	(1.1M)	173.6K
Cost Of Revenue	10.5M	8.5M	8.7M	9.6M	12.4M	14.9K
Net Income From Continuing Ops	(67.2M)	(61.4M)	11.1M	(25.6M)	(23.0M)	(21.9M)
Net Income Applicable To Common Shares	28.0M	(63.1M)	(51.9M)	10.4M	9.4M	9.9M
Minority Interest	(614K)	9.4M	(670K)	1.9M	2.2M	2.3M
Tax Provision	13.4M	445K	6.6M	4.2M	4.9M	6.7M
Net Interest Income	(20.1M)	(22.8M)	(24.2M)	(35.5M)	(31.9M)	(30.3M)
Interest Income	4.8M	2.7M	1.9M	4.1M	4.7M	3.8M
Reconciled Depreciation	594K	722K	677K	1.2M	1.4M	1.4M

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When running GRIT Real's price analysis, check to measure GRIT Real'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 GRIT Real is operating at the current time. Most of GRIT Real's value examination focuses on studying past and present price action to predict the probability of GRIT Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GRIT Real's price. Additionally, you may evaluate how the addition of GRIT Real to your portfolios can decrease your overall portfolio volatility.

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GRIT Historical Income Statement

About GRIT Income Statement Analysis

GRIT Real Income Statement Chart

Depreciation And Amortization

Total Revenue

Other Operating Expenses

GRIT Real income statement Correlations

GRIT Real Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GRIT Real income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Other Operating Expenses	+ 0.99	Selling General Administrative
Total Operating Expenses	+ 0.99	Selling General Administrative
Total Operating Expenses	+ 0.99	Other Operating Expenses
Net Income	+ 0.99	Income Before Tax

Reconciled Depreciation	- 0.96	Net Interest Income
Net Interest Income	- 0.78	Depreciation And Amortization
Total Other Income Expense Net	- 0.77	Depreciation And Amortization
Total Other Income Expense Net	- 0.75	Interest Expense
Total Other Income Expense Net	- 0.73	Gross Profit
Net Interest Income	- 0.73	Interest Expense