Orthofix Historical Income Statement

OFIX Stock  USD 18.68  0.19  1.01%   
Historical analysis of Orthofix Medical income statement accounts such as Income Tax Expense of 2.6 M can show how well Orthofix Medical performed in making a profits. Evaluating Orthofix Medical income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Orthofix Medical's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Orthofix Medical 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 Orthofix Medical is a good buy for the upcoming year.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orthofix Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.

About Orthofix Income Statement Analysis

Orthofix Medical 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 Orthofix Medical shareholders. The income statement also shows Orthofix 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).

Orthofix Medical Income Statement Chart

At this time, Orthofix Medical's Interest Expense is fairly stable compared to the past year. Total Revenue is likely to rise to about 784 M in 2024, whereas Gross Profit is likely to drop slightly above 259.2 M in 2024.

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 Orthofix Medical 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 Orthofix Medical minus its cost of goods sold. It is profit before Orthofix Medical 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 Orthofix Medical. It is also known as Orthofix Medical 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 Orthofix Medical income statement and represents the costs associated with goods and services Orthofix Medical 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.
Most accounts from Orthofix Medical's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Orthofix Medical 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orthofix Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Orthofix Stock please use our How to Invest in Orthofix Medical guide.At this time, Orthofix Medical's Interest Expense is fairly stable compared to the past year. Total Revenue is likely to rise to about 784 M in 2024, whereas Gross Profit is likely to drop slightly above 259.2 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit349.6M337.2M486.3M259.2M
Total Revenue464.5M460.7M746.6M784.0M

Orthofix Medical income statement Correlations

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-0.69-0.63-0.120.930.90.970.48-0.8-0.81-0.86-0.80.98-0.13-0.86-0.72-0.470.96-0.030.390.56-0.290.91-0.82
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-0.38-0.450.040.90.990.860.49-0.68-0.67-0.69-0.680.88-0.41-0.79-0.67-0.330.880.070.270.5-0.140.88-0.77
-0.71-0.69-0.190.970.890.860.38-0.81-0.84-0.88-0.840.990.01-0.87-0.74-0.510.990.110.320.59-0.240.9-0.8
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0.80.930.5-0.86-0.78-0.69-0.88-0.130.910.990.98-0.85-0.070.940.690.72-0.89-0.03-0.34-0.510.2-0.90.75
0.710.960.57-0.8-0.77-0.68-0.84-0.090.931.00.98-0.8-0.050.950.680.78-0.84-0.08-0.33-0.50.18-0.880.73
-0.68-0.63-0.130.980.910.880.990.53-0.8-0.8-0.85-0.8-0.01-0.85-0.74-0.470.980.090.440.61-0.310.9-0.81
-0.34-0.2-0.34-0.13-0.35-0.410.01-0.060.04-0.07-0.07-0.05-0.010.16-0.12-0.17-0.030.360.14-0.07-0.17-0.250.22
0.620.850.43-0.86-0.87-0.79-0.87-0.20.940.950.940.95-0.850.160.620.7-0.88-0.03-0.33-0.630.24-0.940.83
0.540.590.48-0.72-0.69-0.67-0.74-0.30.590.680.690.68-0.74-0.120.620.7-0.75-0.24-0.31-0.290.15-0.680.75
0.490.830.92-0.47-0.44-0.33-0.510.130.710.780.720.78-0.47-0.170.70.7-0.51-0.07-0.2-0.390.11-0.570.7
-0.69-0.69-0.180.960.920.880.990.38-0.82-0.84-0.89-0.840.98-0.03-0.88-0.75-0.510.140.320.6-0.240.93-0.82
0.17-0.09-0.12-0.030.040.070.11-0.120.06-0.07-0.03-0.080.090.36-0.03-0.24-0.070.14-0.15-0.11-0.13-0.080.12
-0.3-0.24-0.030.390.30.270.320.78-0.35-0.33-0.34-0.330.440.14-0.33-0.31-0.20.32-0.150.36-0.670.37-0.39
-0.37-0.4-0.140.560.550.50.590.33-0.61-0.5-0.51-0.50.61-0.07-0.63-0.29-0.390.6-0.110.36-0.170.6-0.69
0.220.130.01-0.29-0.16-0.14-0.24-0.510.210.180.20.18-0.31-0.170.240.150.11-0.24-0.13-0.67-0.17-0.20.28
-0.65-0.73-0.240.910.930.880.90.35-0.89-0.87-0.9-0.880.9-0.25-0.94-0.68-0.570.93-0.080.370.6-0.2-0.87
0.550.590.37-0.82-0.82-0.77-0.8-0.360.780.730.750.73-0.810.220.830.750.7-0.820.12-0.39-0.690.28-0.87
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Orthofix Medical Account Relationship Matchups

Orthofix Medical income statement Accounts

201920202021202220232024 (projected)
Interest Expense122K2.5M1.8M1.3M8.6M9.1M
Total Revenue460.0M406.6M464.5M460.7M746.6M784.0M
Gross Profit359.3M304.7M349.6M337.2M486.3M259.2M
Operating Income24.9M1.6M(6.2M)(20.7M)(139.1M)(132.2M)
Ebit24.9M2.1M(11.7M)(16.4M)(140.0M)(133.0M)
Ebitda49.6M32.7M17.9M12.6M(87.0M)(82.6M)
Net Income(28.5M)2.5M(38.4M)(19.7M)(151.4M)(143.8M)
Income Tax Expense1.4M(2.9M)24.9M2.0M2.7M2.6M
Depreciation And Amortization24.7M30.5M29.6M29.0M53.1M55.7M
Other Operating Expenses444.5M413.3M455.2M481.4M885.8M930.0M
Cost Of Revenue100.6M101.9M114.9M123.5M260.4M273.4M
Total Operating Expenses343.9M311.4M340.3M357.8M667.4M700.8M
Income Before Tax(27.0M)(368K)(13.5M)(17.7M)(148.7M)(141.2M)
Total Other Income Expense Net(52.0M)(366.5K)(5.2M)(4.4M)(9.6M)(10.0M)
Research Development34.6M39.1M49.6M49.1M80.2M84.2M
Selling General Administrative85.6M67.9M69.4M80.0M144.7M87.6M
Net Income Applicable To Common Shares(28.5M)2.5M(38.4M)(19.7M)(17.8M)(16.9M)
Selling And Marketing Expenses223.7M204.4M221.3M228.8M385.7M198.7M
Net Income From Continuing Ops(28.5M)2.5M(38.4M)(19.7M)(151.4M)(143.8M)
Non Operating Income Net Other(10.7M)10.3M(4.3M)(2.8M)(2.5M)(2.6M)
Tax Provision1.4M(2.9M)24.9M2.0M2.7M2.6M
Net Interest Income(122K)(2.5M)(1.8M)(1.3M)(8.6M)(8.2M)
Reconciled Depreciation24.7M34.3M33.1M32.1M60.6M35.1M

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