Virco Historical Income Statement
| VIRC Stock | USD 15.83 0.28 1.74% |
Historical analysis of Virco Manufacturing income statement accounts such as Depreciation And Amortization of 6.8 M, Total Revenue of 163.6 M, Gross Profit of 73.7 M or Other Operating Expenses of 158.8 M can show how well Virco Manufacturing performed in making a profits. Evaluating Virco Manufacturing income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Virco Manufacturing's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Virco Manufacturing 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 Virco Manufacturing is a good buy for the upcoming year.
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About Virco Income Statement Analysis
Virco Manufacturing 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 Virco Manufacturing shareholders. The income statement also shows Virco 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).
Virco Manufacturing Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of Virco Manufacturing minus its cost of goods sold. It is profit before Virco Manufacturing 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 Virco Manufacturing. It is also known as Virco Manufacturing 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 Virco Manufacturing income statement and represents the costs associated with goods and services Virco Manufacturing 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Virco Manufacturing financial statement analysis. It represents the amount of money remaining after all of Virco Manufacturing operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Virco Manufacturing's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Virco Manufacturing 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 Virco Manufacturing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Virco Stock refer to our How to Trade Virco Stock guide.At present, Virco Manufacturing's Operating Income is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 32.4 M, whereas Total Revenue is forecasted to decline to about 163.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 184.8M | 231.1M | 269.1M | 163.6M | Depreciation And Amortization | 4.6M | 4.0M | 5.1M | 6.8M |
Virco Manufacturing income statement Correlations
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Virco Manufacturing income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 5.8M | 5.1M | 4.6M | 4.0M | 5.1M | 6.8M | |
| Total Revenue | 191.1M | 152.8M | 184.8M | 231.1M | 269.1M | 163.6M | |
| Gross Profit | 71.7M | 54.9M | 60.9M | 85.3M | 116.1M | 73.7M | |
| Other Operating Expenses | 185.9M | 154.2M | 187.4M | 221.0M | 237.2M | 158.8M | |
| Operating Income | (580K) | (1.4M) | (2.5M) | 5.5M | 31.9M | 33.5M | |
| Ebit | (580K) | (1.4M) | (2.5M) | 6.0M | 30.9M | 32.4M | |
| Ebitda | 5.2M | 3.7M | 2.0M | 10.0M | 36.0M | 37.8M | |
| Cost Of Revenue | 119.4M | 97.9M | 123.9M | 145.7M | 153.1M | 110.0M | |
| Total Operating Expenses | 66.5M | 56.4M | 63.5M | 75.3M | 84.2M | 67.0M | |
| Income Before Tax | 2.7M | (3.0M) | (3.7M) | 8.0M | 29.2M | 30.7M | |
| Total Other Income Expense Net | 3.3M | (1.5M) | (1.2M) | (2.8M) | (2.6M) | (2.5M) | |
| Net Income | 2.4M | (2.2M) | (15.1M) | 16.5M | 21.9M | 23.0M | |
| Income Tax Expense | 345K | (744K) | 11.4M | (8.5M) | 7.3M | 7.7M | |
| Interest Expense | 2.5M | 1.5M | 1.2M | 2.0M | 2.7M | 2.8M | |
| Selling General Administrative | 66.5M | 56.4M | 63.5M | 75.3M | 85.2M | 70.4M | |
| Net Income Applicable To Common Shares | 2.4M | (2.2M) | (15.1M) | 16.5M | 14.9M | 15.6M | |
| Net Income From Continuing Ops | 2.4M | (2.2M) | (15.1M) | 16.5M | 21.9M | 23.0M | |
| Selling And Marketing Expenses | 21.6M | 15.6M | 19.6M | 25.0M | 1.0M | 957.6K | |
| Tax Provision | 345K | (744K) | 11.4M | (8.5M) | 7.3M | 7.7M | |
| Net Interest Income | (2.5M) | (1.5M) | (1.2M) | (2.0M) | (2.7M) | (2.8M) | |
| Reconciled Depreciation | 5.8M | 5.1M | 4.6M | 4.5M | 5.1M | 4.2M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Virco Manufacturing offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Virco Manufacturing'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 Virco Manufacturing Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Virco Manufacturing Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Virco Manufacturing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Virco Stock refer to our How to Trade Virco Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Commercial Services & 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 Virco Manufacturing. If investors know Virco 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 Virco Manufacturing 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 0.093 | Dividend Share 0.06 | Earnings Share 1.63 | Revenue Per Share 17.273 | Quarterly Revenue Growth 0.01 |
The market value of Virco Manufacturing is measured differently than its book value, which is the value of Virco that is recorded on the company's balance sheet. Investors also form their own opinion of Virco Manufacturing's value that differs from its market value or its book value, called intrinsic value, which is Virco Manufacturing'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 Virco Manufacturing's market value can be influenced by many factors that don't directly affect Virco Manufacturing'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 Virco Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Virco Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Virco Manufacturing'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.