NewJersey Historical Income Statement
| NJR Stock | USD 49.85 1.06 2.17% |
Historical analysis of NewJersey Resources income statement accounts such as Operating Income of 384.6 M can show how well NewJersey Resources performed in making a profits. Evaluating NewJersey Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NewJersey Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining NewJersey Resources 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 NewJersey Resources is a good buy for the upcoming year.
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About NewJersey Income Statement Analysis
NewJersey Resources 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 NewJersey Resources shareholders. The income statement also shows NewJersey 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).
NewJersey Resources Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts NewJersey Resources 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 NewJersey Resources minus its cost of goods sold. It is profit before NewJersey Resources 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.Operating Income
Operating Income is the amount of profit realized from NewJersey Resources 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 NewJersey Resources 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 NewJersey Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NewJersey Resources 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 NewJersey Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation. To learn how to invest in NewJersey Stock, please use our How to Invest in NewJersey Resources guide.At this time, NewJersey Resources' Other Operating Expenses is relatively stable compared to the past year. As of 11/21/2024, Cost Of Revenue is likely to grow to about 2.1 B, while Gross Profit is likely to drop slightly above 379.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 595.2M | 610.5M | 702.1M | 379.6M | Total Revenue | 2.9B | 2.0B | 2.3B | 1.9B |
NewJersey Resources income statement Correlations
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NewJersey Resources Account Relationship Matchups
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NewJersey Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 67.6M | 78.6M | 85.8M | 123.0M | 141.5M | 148.5M | |
| Total Revenue | 2.0B | 2.2B | 2.9B | 2.0B | 2.3B | 1.9B | |
| Gross Profit | 370.8M | 438.0M | 595.2M | 610.5M | 702.1M | 379.6M | |
| Operating Income | 228.9M | 288.4M | 406.5M | 407M | 366.3M | 384.6M | |
| Ebit | 252.8M | 312.9M | 427.4M | 438.9M | 395.0M | 414.7M | |
| Ebitda | 370.4M | 433.5M | 565.0M | 594.1M | 683.2M | 717.3M | |
| Net Income | 163.0M | 201.1M | 274.9M | 264.7M | 304.4M | 319.7M | |
| Income Tax Expense | 36.5M | 33.3M | 76.2M | 49.3M | 56.7M | 59.5M | |
| Depreciation And Amortization | 117.6M | 120.6M | 137.6M | 155.2M | 178.5M | 187.4M | |
| Other Operating Expenses | 1.7B | 1.9B | 2.5B | 1.6B | 1.8B | 2.3B | |
| Cost Of Revenue | 1.6B | 1.7B | 2.3B | 1.4B | 1.6B | 2.1B | |
| Total Operating Expenses | 141.9M | 149.7M | 188.7M | 203.5M | 234.0M | 207.7M | |
| Income Before Tax | 185.2M | 234.4M | 342.9M | 310.1M | 356.6M | 374.4M | |
| Total Other Income Expense Net | (43.7M) | (54.0M) | (63.5M) | (96.9M) | (87.2M) | (82.9M) | |
| Net Income Applicable To Common Shares | 193.9M | 117.9M | 274.9M | 264.7M | 304.4M | 319.7M | |
| Selling General Administrative | 34.5M | 38.3M | 59.4M | 51.0M | 45.9M | 38.1M | |
| Net Income From Continuing Ops | 179.6M | 201.1M | 274.9M | 264.7M | 304.4M | 175.5M | |
| Tax Provision | (6.9M) | 33.3M | 76.2M | 49.3M | 56.7M | 59.5M | |
| Interest Income | 39.3M | 64.6M | 76.4M | 83.1M | 95.6M | 55.6M | |
| Net Interest Income | (67.6M) | (78.6M) | (85.8M) | (123.0M) | (110.7M) | (105.2M) | |
| Reconciled Depreciation | 119.9M | 111.4M | 129.2M | 152.9M | 175.9M | 121.4M |
Pair Trading with NewJersey Resources
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 NewJersey Resources 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 NewJersey Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with NewJersey Stock
| 0.73 | NI | NiSource | PairCorr |
| 0.83 | SR | Spire Inc | PairCorr |
| 0.7 | ATO | Atmos Energy | PairCorr |
| 0.93 | BKH | Black Hills | PairCorr |
| 0.93 | CPK | Chesapeake Utilities | PairCorr |
Moving against NewJersey Stock
The ability to find closely correlated positions to NewJersey Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NewJersey Resources 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 NewJersey Resources - 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 NewJersey Resources to buy it.
The correlation of NewJersey Resources 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 NewJersey Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NewJersey Resources 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 NewJersey Resources 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 NewJersey Stock Analysis
When running NewJersey Resources' price analysis, check to measure NewJersey Resources' 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 NewJersey Resources is operating at the current time. Most of NewJersey Resources' value examination focuses on studying past and present price action to predict the probability of NewJersey Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewJersey Resources' price. Additionally, you may evaluate how the addition of NewJersey Resources to your portfolios can decrease your overall portfolio volatility.