National Historical Income Statement
| NESR Stock | USD 8.52 0.28 3.18% |
Historical analysis of National Energy income statement accounts such as Selling General Administrative of 51.7 M can show how well National Energy Services performed in making a profits. Evaluating National Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of National Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining National Energy Services 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 National Energy Services is a good buy for the upcoming year.
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About National Income Statement Analysis
National Energy Services 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 National Energy shareholders. The income statement also shows National 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).
National Energy Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of National Energy Services. It is also known as National Energy 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.Cost Of Revenue
Cost of Revenue is found on National Energy Services income statement and represents the costs associated with goods and services National Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from National Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into National Energy Services 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Energy Services. 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, National Energy's Interest Expense is relatively stable compared to the past year. As of 11/25/2024, Selling General Administrative is likely to grow to about 51.7 M, though Net Interest Income is likely to grow to (43.5 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 15.2M | 34.1M | 45.8M | 48.1M | Depreciation And Amortization | 122.1M | 142.2M | 163.6M | 104.7M |
National Energy income statement Correlations
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National Energy Account Relationship Matchups
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National Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 13.1M | 8.9M | 4.0M | 6.6M | 17.3M | 10.4M | |
| Depreciation And Amortization | 88.1M | 120.7M | 122.1M | 142.2M | 163.6M | 104.7M | |
| Interest Expense | 19.0M | 15.9M | 15.2M | 34.1M | 45.8M | 48.1M | |
| Selling General Administrative | 63.8M | 53.2M | 28.1M | 47.5M | 49.2M | 51.7M | |
| Total Revenue | 658.4M | 834.2M | 876.7M | 909.5M | 1.1B | 780.6M | |
| Gross Profit | 135.7M | 62.1M | (15.3M) | 65.5M | 129.9M | 81.7M | |
| Other Operating Expenses | 586.6M | 798.9M | 920.1M | 1.1B | 1.2B | 691.5M | |
| Operating Income | 71.8M | 35.3M | (43.3M) | (917K) | 80.7M | 84.7M | |
| Net Income From Continuing Ops | 39.4M | 33.6M | (64.6M) | (36.4M) | 12.6M | 8.3M | |
| Ebit | 71.4M | 45.0M | (45.4M) | 75.7M | 68.1M | 71.5M | |
| Ebitda | 159.5M | 165.7M | 76.7M | 217.9M | 250.6M | 146.3M | |
| Cost Of Revenue | 522.7M | 772.1M | 892.0M | 844.0M | 1.0B | 698.8M | |
| Total Operating Expenses | 63.8M | 26.8M | 28.1M | 910.4M | 49.2M | 46.7M | |
| Income Before Tax | 52.4M | 29.1M | (60.6M) | (29.8M) | 29.8M | 31.3M | |
| Total Other Income Expense Net | (408K) | (6.2M) | (17.2M) | 5.2M | (50.9M) | (48.3M) | |
| Net Income | 39.4M | 16.6M | (64.6M) | (36.4M) | 12.6M | 13.2M | |
| Income Tax Expense | 13.1M | 12.5M | 4.0M | 17.3M | 19.9M | 10.3M |
Pair Trading with National Energy
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 National Energy 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 National Energy will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
| 0.66 | TTI | Tetra Technologies | PairCorr |
| 0.65 | EFXT | Enerflex | PairCorr |
| 0.63 | KGS | Kodiak Gas Services, | PairCorr |
| 0.61 | TS | Tenaris SA ADR | PairCorr |
| 0.61 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
The ability to find closely correlated positions to National Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Energy 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 National Energy - 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 National Energy Services to buy it.
The correlation of National Energy 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 National Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Energy Services 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 National Energy 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.Additional Tools for National Stock Analysis
When running National Energy's price analysis, check to measure National Energy'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 National Energy is operating at the current time. Most of National Energy's value examination focuses on studying past and present price action to predict the probability of National Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Energy's price. Additionally, you may evaluate how the addition of National Energy to your portfolios can decrease your overall portfolio volatility.