Rio Historical Income Statement
| RIO Stock | USD 62.55 0.16 0.26% |
Historical analysis of Rio Tinto income statement accounts such as Other Operating Expenses of 20.4 B, Operating Income of 7.5 B, EBIT of 9.2 B or Research Development of 148.1 M can show how well Rio Tinto ADR performed in making a profits. Evaluating Rio Tinto income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Rio Tinto's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Rio Tinto ADR 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 Rio Tinto ADR is a good buy for the upcoming year.
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About Rio Income Statement Analysis
Rio Tinto ADR 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 Rio Tinto shareholders. The income statement also shows Rio 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).
Rio Tinto Income Statement Chart
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Operating Income
Operating Income is the amount of profit realized from Rio Tinto ADR 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 Rio Tinto ADR 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.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Rio Tinto ADR whose combined shares represent less than 50% of the total outstanding shares issued by Rio Tinto have a minority interest in Rio Tinto.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Rio Tinto's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Rio Tinto ADR 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 Rio Tinto ADR. 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. At this time, Rio Tinto's Depreciation And Amortization is very stable compared to the past year. As of the 22nd of November 2024, Interest Expense is likely to grow to about 2.1 B, while Total Revenue is likely to drop about 28.6 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 592M | 1.9B | 2.0B | 2.1B | Depreciation And Amortization | 5.1B | 6.5B | 6.3B | 6.6B |
Rio Tinto income statement Correlations
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Rio Tinto Account Relationship Matchups
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High Negative Relationship
Rio Tinto income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 171.9K | 4.7B | 5.1B | 6.5B | 6.3B | 6.6B | |
| Interest Expense | 938M | 645M | 592M | 1.9B | 2.0B | 2.1B | |
| Total Revenue | 43.2B | 44.6B | 63.5B | 55.6B | 54.0B | 28.6B | |
| Gross Profit | 26.8B | 29.1B | 44.9B | 34.3B | 32.4B | 19.4B | |
| Other Operating Expenses | 27.9B | 26.9B | 33.4B | 35.7B | 39.2B | 20.4B | |
| Operating Income | 15.9B | 16.8B | 29.8B | 19.9B | 14.8B | 7.5B | |
| Ebit | 20.3B | 15.0B | 30.0B | 18.2B | 14.1B | 9.2B | |
| Ebitda | 20.3B | 19.7B | 35.1B | 24.8B | 20.4B | 11.3B | |
| Total Operating Expenses | 27.9B | 26.9B | 33.4B | 35.7B | 2.5B | 2.4B | |
| Income Before Tax | 11.1B | 15.4B | 30.8B | 18.7B | 13.8B | 7.1B | |
| Total Other Income Expense Net | (4.8B) | (1.4B) | 1.0B | (1.3B) | (1.0B) | (986.1M) | |
| Net Income | 8.0B | 9.8B | 21.1B | 12.4B | 10.1B | 10.6B | |
| Income Tax Expense | 4.1B | 5.0B | 8.3B | 5.6B | 3.8B | 2.3B | |
| Cost Of Revenue | 16.4B | 15.5B | 18.6B | 21.3B | 21.6B | 19.6B | |
| Net Income Applicable To Common Shares | 8.0B | 9.8B | 21.1B | 12.4B | 14.3B | 7.3B | |
| Minority Interest | 4.7B | 4.8B | (1.5B) | (656M) | 105M | 99.8M | |
| Selling General Administrative | 3.3B | 2.7B | 3.5B | 4.3B | 5.3B | 3.7B | |
| Selling And Marketing Expenses | 2.3B | 2.1B | 3.3B | 3.1B | 2.8B | 2.1B | |
| Net Income From Continuing Ops | 7.0B | 10.4B | 22.6B | 13.1B | 10.0B | 9.6B | |
| Tax Provision | 4.1B | 5.0B | 8.3B | 5.6B | 3.8B | 4.5B | |
| Interest Income | 259M | 141M | 64M | 179M | 532M | 607.6M | |
| Net Interest Income | (634M) | (504M) | (597M) | (1.7B) | (1.4B) | (1.5B) | |
| Reconciled Depreciation | 4.4B | 4.3B | 4.7B | 5.0B | 5.3B | 5.0B |
Pair Trading with Rio Tinto
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 Rio Tinto 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 Rio Tinto will appreciate offsetting losses from the drop in the long position's value.Moving together with Rio Stock
| 0.96 | VALE | Vale SA ADR Aggressive Push | PairCorr |
Moving against Rio Stock
The ability to find closely correlated positions to Rio Tinto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio Tinto 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 Rio Tinto - 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 Rio Tinto ADR to buy it.
The correlation of Rio Tinto 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 Rio Tinto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rio Tinto ADR 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 Rio Tinto 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.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio Tinto ADR. 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. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Diversified Metals & Mining 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 Rio Tinto. If investors know Rio 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 Rio Tinto 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 0.133 | Dividend Share 4.349 | Earnings Share 6.58 | Revenue Per Share 33.396 | Quarterly Revenue Growth 0.005 |
The market value of Rio Tinto ADR is measured differently than its book value, which is the value of Rio that is recorded on the company's balance sheet. Investors also form their own opinion of Rio Tinto's value that differs from its market value or its book value, called intrinsic value, which is Rio Tinto's 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 Rio Tinto's market value can be influenced by many factors that don't directly affect Rio Tinto's 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 Rio Tinto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rio Tinto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rio Tinto's 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.