Smith Historical Income Statement
| SNN Stock | USD 25.04 0.17 0.67% |
Historical analysis of Smith Nephew income statement accounts such as Other Operating Expenses of 2.7 B, Operating Income of 531.6 M, EBIT of 602 M or Ebitda of 792.8 M can show how well Smith Nephew SNATS performed in making a profits. Evaluating Smith Nephew income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Smith Nephew's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Smith Nephew SNATS 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 Smith Nephew SNATS is a good buy for the upcoming year.
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About Smith Income Statement Analysis
Smith Nephew SNATS 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 Smith Nephew shareholders. The income statement also shows Smith 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).
Smith Nephew 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 Smith Nephew SNATS 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 Smith Nephew SNATS minus its cost of goods sold. It is profit before Smith Nephew 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 Smith Nephew SNATS 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 Smith Nephew SNATS 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 Smith Nephew's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Smith Nephew SNATS 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Nephew SNATS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Smith Nephew's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 22nd of November 2024, Net Income From Continuing Ops is likely to grow to about 414.6 M, while Total Revenue is likely to drop about 3.2 B.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 80M | 139M | 146.0M | Depreciation And Amortization | 563M | 527M | 553.4M |
Smith Nephew income statement Correlations
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Smith Nephew Account Relationship Matchups
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High Negative Relationship
Smith Nephew income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 171.9K | 545M | 563M | 548M | 527M | 553.4M | |
| Interest Expense | 59M | 65M | 62M | 80M | 139M | 146.0M | |
| Total Revenue | 5.1B | 4.6B | 5.2B | 5.2B | 5.5B | 3.2B | |
| Gross Profit | 3.8B | 3.2B | 3.7B | 3.7B | 3.7B | 2.5B | |
| Other Operating Expenses | 4.3B | 4.3B | 4.6B | 4.9B | 5.1B | 2.7B | |
| Operating Income | 981M | 433M | 712M | 665M | 425M | 531.6M | |
| Ebit | 1.4B | 294M | 657M | 456M | 452M | 602.0M | |
| Ebitda | 1.4B | 839M | 1.2B | 1.0B | 979M | 792.8M | |
| Total Operating Expenses | 3.0B | 2.9B | 3.0B | 3.4B | 3.5B | 2.0B | |
| Income Before Tax | 743M | 246M | 586M | 235M | 290M | 483.7M | |
| Total Other Income Expense Net | (238M) | (49M) | (7M) | (215M) | (135M) | (128.3M) | |
| Net Income | 600M | 448M | 524M | 223M | 263M | 369.0M | |
| Income Tax Expense | 143M | 202M | 62M | 12M | 27M | 25.7M | |
| Research Development | 292M | 307M | 397M | 442M | 299M | 163.9M | |
| Selling General Administrative | 2.7B | 2.6B | 2.7B | 2.9B | 384M | 364.8M | |
| Cost Of Revenue | 1.3B | 1.4B | 1.5B | 1.5B | 1.8B | 1.2B | |
| Net Income Applicable To Common Shares | 600M | 448M | 524M | 223M | 256.5M | 499.0M | |
| Selling And Marketing Expenses | 1.9B | 1.8B | 2.0B | 2.1B | 2.2B | 1.6B | |
| Net Income From Continuing Ops | 600M | 448M | 524M | 223M | 263M | 414.6M | |
| Tax Provision | 143M | (202M) | 62M | 12M | 27M | 25.7M | |
| Net Interest Income | (73M) | (63M) | (91M) | (74M) | (105M) | (110.3M) | |
| Reconciled Depreciation | 502M | 562M | 581M | 628M | 527M | 578.6M |
Pair Trading with Smith Nephew
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 Smith Nephew 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 Smith Nephew will appreciate offsetting losses from the drop in the long position's value.Moving together with Smith Stock
Moving against Smith Stock
| 0.88 | WGS | GeneDx Holdings Corp | PairCorr |
| 0.75 | CAH | Cardinal Health | PairCorr |
| 0.75 | HIMS | Hims Hers Health Upward Rally | PairCorr |
| 0.71 | VMD | Viemed Healthcare | PairCorr |
| 0.59 | LH | Laboratory | PairCorr |
The ability to find closely correlated positions to Smith Nephew could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smith Nephew 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 Smith Nephew - 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 Smith Nephew SNATS to buy it.
The correlation of Smith Nephew 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 Smith Nephew moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smith Nephew SNATS 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 Smith Nephew 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Smith Nephew SNATS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Health Care Equipment & Supplies 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 Smith Nephew. If investors know Smith 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 Smith Nephew 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 0.244 | Dividend Share 0.375 | Earnings Share 0.7 | Revenue Per Share 2.5904 | Quarterly Revenue Growth 0.034 |
The market value of Smith Nephew SNATS is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Nephew's value that differs from its market value or its book value, called intrinsic value, which is Smith Nephew'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 Smith Nephew's market value can be influenced by many factors that don't directly affect Smith Nephew'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 Smith Nephew's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Nephew is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Nephew'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.