NODK Historical Income Statement
| NODK Stock | USD 16.70 0.21 1.27% |
Historical analysis of NI Holdings income statement accounts such as Gross Profit of 268.5 M can show how well NI Holdings performed in making a profits. Evaluating NI Holdings income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NI Holdings's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining NI Holdings 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 NI Holdings is a good buy for the upcoming year.
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About NODK Income Statement Analysis
NI Holdings 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 NI Holdings shareholders. The income statement also shows NODK 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).
NI Holdings Income Statement Chart
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Total Revenue
Total revenue comprises all receipts NI Holdings 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 NI Holdings minus its cost of goods sold. It is profit before NI Holdings 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 NI Holdings. It is also known as NI Holdings 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in NI Holdings financial statement analysis. It represents the amount of money remaining after all of NI Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from NI Holdings' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NI Holdings 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 NI Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy NODK Stock please use our How to buy in NODK Stock guide.At this time, NI Holdings' Depreciation And Amortization is quite stable compared to the past year. Total Operating Expenses is expected to rise to about 727.5 M this year, although the value of Other Operating Expenses will most likely fall to about 252.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 324.0M | 324.4M | 365.7M | 268.5M | Total Revenue | 324.0M | 324.4M | 365.7M | 268.5M |
NI Holdings income statement Correlations
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NI Holdings Account Relationship Matchups
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NI Holdings income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 2.2M | 5.9M | 1.2M | 1.2M | 1.3M | 2.0M | |
| Total Revenue | 270.8M | 306.4M | 324.0M | 324.4M | 365.7M | 268.5M | |
| Gross Profit | 270.8M | 306.4M | 324.0M | 324.4M | 365.7M | 268.5M | |
| Other Operating Expenses | 237.0M | 253.5M | 312.7M | 393.5M | 365.7M | 252.9M | |
| Operating Income | 33.7M | 51.9M | 11.4M | 18.8M | (250K) | (237.5K) | |
| Net Income From Continuing Ops | 26.5M | 41.3M | 8.3M | (53.8M) | (5.2M) | (5.0M) | |
| Ebit | 33.7M | 51.9M | 11.4M | 18.8M | (250K) | (237.5K) | |
| Ebitda | 36.0M | 57.8M | 12.6M | 20M | 1.0M | 979.5K | |
| Total Operating Expenses | (237.1M) | (254.5M) | (312.6M) | 7.8B | 365.7M | 727.5M | |
| Income Before Tax | 33.8M | 52.8M | 11.3M | (69.0M) | (4.3M) | (4.0M) | |
| Total Other Income Expense Net | 99K | (253.5M) | (312.7M) | (87.8M) | (4.3M) | (4.5M) | |
| Net Income Applicable To Common Shares | 26.4M | 40.4M | 8.4M | (53.1M) | (47.8M) | (45.4M) | |
| Net Income | 26.4M | 40.4M | 8.4M | (53.8M) | (5.5M) | (5.2M) | |
| Income Tax Expense | 7.3M | 11.5M | 3.0M | (15.3M) | 963K | 914.9K | |
| Minority Interest | 3.5M | 955K | (84K) | (679K) | (250K) | (237.5K) | |
| Tax Provision | 7.3M | 11.5M | 3.0M | (15.3M) | 963K | 914.9K | |
| Selling General Administrative | 169.7M | 168.5M | 216.4M | 294.4M | 338.6M | 355.5M | |
| Reconciled Depreciation | 2.2M | 5.9M | 1.2M | 1.2M | 1.3M | 1.9M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NI Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy NODK Stock please use our How to buy in NODK Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Property & Casualty Insurance 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 NI Holdings. If investors know NODK 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 NI Holdings 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 6.564 | Earnings Share (0.43) | Revenue Per Share 18.702 | Quarterly Revenue Growth 0.14 | Return On Assets (0) |
The market value of NI Holdings is measured differently than its book value, which is the value of NODK that is recorded on the company's balance sheet. Investors also form their own opinion of NI Holdings' value that differs from its market value or its book value, called intrinsic value, which is NI Holdings' 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 NI Holdings' market value can be influenced by many factors that don't directly affect NI Holdings' 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 NI Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if NI Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NI Holdings' 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.