Steel Historical Income Statement

STCN Stock

USD 10.03 0.03 0.30%

Historical analysis of Steel Connect income statement accounts such as Other Operating Expenses of 158.3 M, Operating Income of 7.8 M, EBIT of 2.2 M or Ebitda of 7.1 M can show how well Steel Connect performed in making a profits. Evaluating Steel Connect income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Steel Connect's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Steel Connect 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 Steel Connect is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.

About Steel Income Statement Analysis

Steel Connect 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 Steel Connect shareholders. The income statement also shows Steel 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).

Steel Connect Income Statement Chart

At this time, Steel Connect's Selling And Marketing Expenses is very stable compared to the past year. As of the 25th of November 2024, Net Income From Continuing Ops is likely to grow to about 18.8 M, while Depreciation And Amortization is likely to drop about 5.1 M.

Total Revenue Gross Profit Other Operating Expenses Cost Of Revenue Research Development

Total Revenue

Total revenue comprises all receipts Steel Connect 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 Steel Connect minus its cost of goods sold. It is profit before Steel Connect 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 Steel Connect. It is also known as Steel Connect 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 Steel Connect income statement and represents the costs associated with goods and services Steel Connect 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 Steel Connect's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Steel Connect 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 Steel Connect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.At this time, Steel Connect's Selling And Marketing Expenses is very stable compared to the past year. As of the 25th of November 2024, Net Income From Continuing Ops is likely to grow to about 18.8 M, while Depreciation And Amortization is likely to drop about 5.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.1M	2.9M	996K	946.2K
Depreciation And Amortization	11.6M	2.8M	5.4M	5.1M

Interest Expense Depreciation And Amortization

Steel Connect income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Extraordinary Items	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.74	0.71	0.82	0.68	0.18	0.15	0.61	0.64	0.79	-0.28	-0.75	-0.27	0.17	0.75	0.16	0.27	-0.29	-0.1	-0.22	-0.13	-0.15	-0.09	-0.29	-0.77	0.79
Interest Expense	0.74		0.58	0.82	0.56	0.26	-0.03	0.33	0.49	0.85	-0.52	-0.68	-0.33	0.04	0.78	0.09	0.29	-0.23	-0.19	-0.5	0.0	-0.48	-0.31	-0.33	-0.96	0.97
Total Revenue	0.71	0.58		0.66	1.0	-0.27	-0.35	0.07	0.99	0.86	-0.69	-0.72	-0.59	0.29	0.9	0.25	0.45	-0.48	-0.37	0.09	-0.27	0.14	-0.16	0.01	-0.68	0.61
Gross Profit	0.82	0.82	0.66		0.63	0.38	0.16	0.53	0.56	0.87	-0.26	-0.54	-0.12	-0.05	0.8	0.35	0.0	-0.4	-0.01	-0.37	-0.1	-0.26	-0.16	-0.49	-0.82	0.87
Other Operating Expenses	0.68	0.56	1.0	0.63		-0.33	-0.41	0.01	1.0	0.85	-0.72	-0.72	-0.6	0.28	0.9	0.25	0.46	-0.47	-0.39	0.1	-0.27	0.15	-0.17	0.05	-0.66	0.59
Operating Income	0.18	0.26	-0.27	0.38	-0.33		0.82	0.75	-0.37	-0.05	0.53	0.23	0.41	-0.16	-0.16	-0.01	-0.21	0.1	0.42	-0.41	0.12	-0.34	0.03	-0.6	-0.18	0.31
Ebit	0.15	-0.03	-0.35	0.16	-0.41	0.82		0.87	-0.42	-0.27	0.74	0.22	0.37	0.09	-0.36	-0.05	-0.17	0.13	0.38	-0.07	0.05	-0.19	0.36	-0.42	0.11	0.01
Ebitda	0.61	0.33	0.07	0.53	0.01	0.75	0.87		-0.02	0.18	0.46	-0.19	0.16	0.16	0.08	0.03	0.0	-0.03	0.26	-0.16	-0.03	-0.22	0.24	-0.48	-0.29	0.4
Cost Of Revenue	0.64	0.49	0.99	0.56	1.0	-0.37	-0.42	-0.02		0.8	-0.71	-0.69	-0.62	0.31	0.85	0.24	0.47	-0.47	-0.4	0.17	-0.29	0.21	-0.15	0.1	-0.6	0.52
Total Operating Expenses	0.79	0.85	0.86	0.87	0.85	-0.05	-0.27	0.18	0.8		-0.65	-0.73	-0.44	0.09	0.99	0.27	0.31	-0.43	-0.27	-0.28	-0.1	-0.15	-0.27	-0.27	-0.89	0.87
Income Before Tax	-0.28	-0.52	-0.69	-0.26	-0.72	0.53	0.74	0.46	-0.71	-0.65		0.67	0.8	-0.34	-0.71	0.03	-0.54	0.2	0.72	-0.12	0.23	-0.04	0.17	-0.33	0.59	-0.48
Total Other Income Expense Net	-0.75	-0.68	-0.72	-0.54	-0.72	0.23	0.22	-0.19	-0.69	-0.73	0.67		0.62	-0.36	-0.74	0.08	-0.5	0.12	0.51	-0.06	0.41	0.01	0.09	-0.19	0.75	-0.68
Net Income	-0.27	-0.33	-0.59	-0.12	-0.6	0.41	0.37	0.16	-0.62	-0.44	0.8	0.62		-0.84	-0.52	0.25	-0.77	0.05	0.87	-0.44	0.17	-0.18	-0.29	-0.34	0.42	-0.32
Income Tax Expense	0.17	0.04	0.29	-0.05	0.28	-0.16	0.09	0.16	0.31	0.09	-0.34	-0.36	-0.84		0.16	-0.37	0.7	0.11	-0.71	0.59	-0.05	0.24	0.61	0.23	-0.11	0.06
Selling General Administrative	0.75	0.78	0.9	0.8	0.9	-0.16	-0.36	0.08	0.85	0.99	-0.71	-0.74	-0.52	0.16		0.21	0.38	-0.39	-0.35	-0.17	-0.1	-0.02	-0.25	-0.19	-0.86	0.81
Selling And Marketing Expenses	0.16	0.09	0.25	0.35	0.25	-0.01	-0.05	0.03	0.24	0.27	0.03	0.08	0.25	-0.37	0.21		-0.45	-0.93	0.32	-0.24	-0.36	-0.46	-0.03	-0.17	0.07	0.0
Extraordinary Items	0.27	0.29	0.45	0.0	0.46	-0.21	-0.17	0.0	0.47	0.31	-0.54	-0.5	-0.77	0.7	0.38	-0.45		0.1	-0.46	0.16	0.0	0.18	-0.06	0.13	-0.37	0.29
Minority Interest	-0.29	-0.23	-0.48	-0.4	-0.47	0.1	0.13	-0.03	-0.47	-0.43	0.2	0.12	0.05	0.11	-0.39	-0.93	0.1		-0.16	0.2	0.41	0.44	0.06	0.14	0.08	-0.13
Net Income From Continuing Ops	-0.1	-0.19	-0.37	-0.01	-0.39	0.42	0.38	0.26	-0.4	-0.27	0.72	0.51	0.87	-0.71	-0.35	0.32	-0.46	-0.16		-0.6	0.12	-0.25	-0.5	-0.45	0.31	-0.21
Non Recurring	-0.22	-0.5	0.09	-0.37	0.1	-0.41	-0.07	-0.16	0.17	-0.28	-0.12	-0.06	-0.44	0.59	-0.17	-0.24	0.16	0.2	-0.6		-0.22	0.62	0.67	0.59	0.35	-0.44
Non Operating Income Net Other	-0.13	0.0	-0.27	-0.1	-0.27	0.12	0.05	-0.03	-0.29	-0.1	0.23	0.41	0.17	-0.05	-0.1	-0.36	0.0	0.41	0.12	-0.22		-0.01	-0.03	-0.34	-0.03	0.03
Discontinued Operations	-0.15	-0.48	0.14	-0.26	0.15	-0.34	-0.19	-0.22	0.21	-0.15	-0.04	0.01	-0.18	0.24	-0.02	-0.46	0.18	0.44	-0.25	0.62	-0.01		0.13	0.31	0.21	-0.31
Tax Provision	-0.09	-0.31	-0.16	-0.16	-0.17	0.03	0.36	0.24	-0.15	-0.27	0.17	0.09	-0.29	0.61	-0.25	-0.03	-0.06	0.06	-0.5	0.67	-0.03	0.13		0.17	0.3	-0.28
Interest Income	-0.29	-0.33	0.01	-0.49	0.05	-0.6	-0.42	-0.48	0.1	-0.27	-0.33	-0.19	-0.34	0.23	-0.19	-0.17	0.13	0.14	-0.45	0.59	-0.34	0.31	0.17		0.28	-0.37
Net Interest Income	-0.77	-0.96	-0.68	-0.82	-0.66	-0.18	0.11	-0.29	-0.6	-0.89	0.59	0.75	0.42	-0.11	-0.86	0.07	-0.37	0.08	0.31	0.35	-0.03	0.21	0.3	0.28		-0.98
Reconciled Depreciation	0.79	0.97	0.61	0.87	0.59	0.31	0.01	0.4	0.52	0.87	-0.48	-0.68	-0.32	0.06	0.81	0.0	0.29	-0.13	-0.21	-0.44	0.03	-0.31	-0.28	-0.37	-0.98

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Steel Connect Account Relationship Matchups

Steel Connect income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	50.3M	13.4M	11.6M	2.8M	5.4M	5.1M
Interest Expense	34.0M	31.1M	3.1M	2.9M	996K	946.2K
Total Revenue	782.8M	613.8M	203.3M	189.1M	174.1M	165.4M
Gross Profit	163.0M	129.6M	41.5M	51.3M	48.5M	86.7M
Other Operating Expenses	750.4M	600.9M	202.1M	180.7M	166.6M	158.3M
Operating Income	32.4M	38.5M	5.3M	8.4M	7.5M	7.8M
Ebit	32.9M	(383K)	5.3M	19.7M	2.1M	2.2M
Ebitda	83.2M	13.0M	16.9M	22.5M	7.5M	7.1M
Cost Of Revenue	619.9M	484.2M	161.7M	137.8M	125.6M	119.3M
Total Operating Expenses	130.5M	116.8M	40.4M	42.9M	41.0M	39.0M
Income Before Tax	633K	(42.8M)	2.1M	16.8M	21.0M	22.0M
Total Other Income Expense Net	(31.8M)	(1.4M)	969K	8.4M	13.5M	14.2M
Net Income	(5.3M)	(44.4M)	(9.3M)	15.6M	85.8M	90.1M
Income Tax Expense	5.9M	1.6M	11.4M	1.2M	(67.0M)	(63.7M)
Selling General Administrative	103.3M	96.5M	40.4M	42.0M	37.8M	35.9M
Net Income Applicable To Common Shares	(68.9M)	(7.4M)	(46.5M)	(13.1M)	(11.8M)	(11.2M)
Net Income From Continuing Ops	(5.3M)	(44.4M)	(9.3M)	15.6M	18.0M	18.8M
Non Operating Income Net Other	3.7M	5.2M	2.2M	4.1M	4.7M	2.9M
Tax Provision	5.9M	1.6M	11.4M	1.2M	1.4M	1.5M
Interest Income	61K	14K	58K	1.6M	1.5M	2.3M
Net Interest Income	(33.9M)	(31.1M)	(3.1M)	(1.2M)	(1.4M)	(1.5M)
Reconciled Depreciation	50.3M	43.5M	2.2M	2.8M	2.5M	2.4M

Pair Trading with Steel Connect

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 Steel Connect 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 Steel Connect will appreciate offsetting losses from the drop in the long position's value.

Moving against Steel Stock

0.79	NL	NL Industries	Pair Corr
0.68	BR	Broadridge Financial	Pair Corr
0.63	SQ	Block Inc	Pair Corr
0.49	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.47	WM	Waste Management	Pair Corr

The ability to find closely correlated positions to Steel Connect could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Connect 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 Steel Connect - 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 Steel Connect to buy it.

The correlation of Steel Connect 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 Steel Connect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Connect 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 Steel Connect 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.

Pair Correlation Correlation Matching

When determining whether Steel Connect offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Steel Connect's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Steel Connect Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Steel Connect Stock:

How To Invest In Steel

Details

Is Steel Stock a good investment?

Details

What is Steel Connect's Net Worth?

Details

Largest Data Processing & Outsourced Services Companies

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Largest Commercial & Professional Services Companies

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To learn how to invest in Steel Stock, please use our How to Invest in Steel Connect guide.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Is Data Processing & Outsourced Services 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 Steel Connect. If investors know Steel 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 Steel Connect 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

(0.20)

Earnings Share

3.11

Revenue Per Share

28.001

Quarterly Revenue Growth

0.124

Return On Assets

0.0104

The market value of Steel Connect is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Connect's value that differs from its market value or its book value, called intrinsic value, which is Steel Connect'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 Steel Connect's market value can be influenced by many factors that don't directly affect Steel Connect'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 Steel Connect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Connect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Connect'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Steel Historical Income Statement

About Steel Income Statement Analysis

Steel Connect Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cost Of Revenue

Steel Connect income statement Correlations

Steel Connect Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Steel Connect income statement Accounts

Pair Trading with Steel Connect

Moving against Steel Stock

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Cost Of Revenue	+ 0.99	Total Revenue
Selling General Administrative	+ 0.99	Total Operating Expenses
Reconciled Depreciation	+ 0.97	Interest Expense
Selling General Administrative	+ 0.9	Total Revenue

Reconciled Depreciation	- 0.98	Net Interest Income
Net Interest Income	- 0.96	Interest Expense
Minority Interest	- 0.93	Selling And Marketing Expenses
Net Interest Income	- 0.89	Total Operating Expenses
Net Interest Income	- 0.86	Selling General Administrative
Income Tax Expense	- 0.84	Net Income