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.
 
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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.
  
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.

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of GRIT Real Estate minus its cost of goods sold. It is profit before GRIT Real 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 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.
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.
 2021 2022 2023 2024 (projected)
Gross Profit42.1M46.6M51.6M88.2K
Total Revenue50.8M56.2M64.0M103.0K

GRIT Real income statement Correlations

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0.980.890.960.960.930.58-0.21-0.20.92-0.58-0.75-0.60.250.89-0.340.390.03-0.730.60.61
0.870.890.930.930.990.66-0.12-0.110.99-0.36-0.57-0.430.580.91-0.330.320.24-0.660.730.47
0.940.960.931.00.950.68-0.22-0.210.94-0.51-0.72-0.560.410.96-0.340.390.1-0.590.570.42
0.950.960.931.00.950.66-0.24-0.230.94-0.53-0.73-0.580.370.94-0.360.410.08-0.610.550.44
0.890.930.990.950.950.7-0.12-0.110.99-0.4-0.61-0.460.540.94-0.30.350.23-0.660.740.49
0.510.580.660.680.660.70.260.270.640.07-0.270.00.60.720.140.380.3-0.30.580.18
-0.28-0.21-0.12-0.22-0.24-0.120.261.0-0.130.880.710.890.15-0.140.92-0.410.060.250.06-0.29
-0.28-0.2-0.11-0.21-0.23-0.110.271.0-0.120.880.70.890.15-0.130.92-0.40.060.240.07-0.29
0.90.920.990.940.940.990.64-0.13-0.12-0.4-0.59-0.460.510.89-0.320.340.24-0.70.720.53
-0.62-0.58-0.36-0.51-0.53-0.40.070.880.88-0.40.90.990.2-0.40.83-0.440.130.53-0.11-0.55
-0.77-0.75-0.57-0.72-0.73-0.61-0.270.710.7-0.590.90.910.06-0.620.7-0.430.170.59-0.2-0.57
-0.65-0.6-0.43-0.56-0.58-0.460.00.890.89-0.460.990.910.07-0.460.87-0.460.020.53-0.18-0.54
0.190.250.580.410.370.540.60.150.150.510.20.060.070.53-0.040.040.8-0.080.61-0.06
0.830.890.910.960.940.940.72-0.14-0.130.89-0.4-0.62-0.460.53-0.220.310.2-0.430.650.28
-0.44-0.34-0.33-0.34-0.36-0.30.140.920.92-0.320.830.70.87-0.04-0.22-0.51-0.040.5-0.13-0.49
0.440.390.320.390.410.350.38-0.41-0.40.34-0.44-0.43-0.460.040.31-0.51-0.07-0.480.420.48
-0.030.030.240.10.080.230.30.060.060.240.130.170.020.80.2-0.04-0.07-0.030.490.01
-0.78-0.73-0.66-0.59-0.61-0.66-0.30.250.24-0.70.530.590.53-0.08-0.430.5-0.48-0.03-0.56-0.96
0.520.60.730.570.550.740.580.060.070.72-0.11-0.2-0.180.610.65-0.130.420.49-0.560.51
0.640.610.470.420.440.490.18-0.29-0.290.53-0.55-0.57-0.54-0.060.28-0.490.480.01-0.960.51
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GRIT Real Account Relationship Matchups

GRIT Real income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization594K722K677K1.2M1.2M(9.5K)
Interest Expense22.8M25.4M26.2M39.6M50.3M35.7K
Selling General Administrative20.1M13.9M16.9M22.6M18.0M146.5K
Total Revenue48.5M49.2M50.8M56.2M64.0M103.0K
Gross Profit38.0M40.7M42.1M46.6M51.6M88.2K
Other Operating Expenses29.3M22.4M26.8M32.3M33.2M161.4K
Operating Income19.2M26.8M60.3M20.5M30.8M(58.3K)
Ebit(75.7M)(75.0M)40.3M17.1M(39.8M)(58.3K)
Ebitda(75.1M)(74.3M)41.0M18.3M(38.6M)(67.8K)
Total Operating Expenses18.8M13.8M18.1M22.6M20.8M146.5K
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 Expense13.4M445K6.6M4.2M(1.1M)173.6K
Cost Of Revenue10.5M8.5M8.7M9.6M12.4M14.9K
Net Income From Continuing Ops(67.2M)(61.4M)11.1M(25.6M)(23.0M)(21.9M)
Net Income Applicable To Common Shares28.0M(63.1M)(51.9M)10.4M9.4M9.9M
Minority Interest(614K)9.4M(670K)1.9M2.2M2.3M
Tax Provision13.4M445K6.6M4.2M4.9M6.7M
Net Interest Income(20.1M)(22.8M)(24.2M)(35.5M)(31.9M)(30.3M)
Interest Income4.8M2.7M1.9M4.1M4.7M3.8M
Reconciled Depreciation594K722K677K1.2M1.4M1.4M

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Additional Tools for GRIT Stock Analysis

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.