Nordic Gross Profit from 2010 to 2024

NAT Stock

USD 2.78 0.14 5.30%

Nordic American Gross Profit yearly trend continues to be comparatively stable with very little volatility. Gross Profit is likely to outpace its year average in 2024. Gross Profit is the profit Nordic American Tankers makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

1998-03-31

Previous Quarter

30.9 M

Current Value

35.4 M

Quarterly Volatility

19.8 M

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Nordic American financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nordic American's main balance sheet or income statement drivers, such as Depreciation And Amortization of 48.7 M, Interest Expense of 32 M or Selling General Administrative of 11.5 M, as well as many indicators such as Price To Sales Ratio of 2.13, Dividend Yield of 0.12 or PTB Ratio of 1.19. Nordic financial statements analysis is a perfect complement when working with Nordic American Valuation or Volatility modules.

Check out the analysis of Nordic American Correlation against competitors.

Latest Nordic American's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Nordic American Tankers over the last few years. Gross profit is a required income statement account that reflects total revenue of Nordic American Tankers minus its cost of goods sold. It is profit before Nordic American operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Nordic American's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nordic American's overall financial position and show how it may be relating to other accounts over time.

View

Last Reported 105.39 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Nordic Gross Profit Regression Statistics

	Arithmetic Mean	34,391,859
	Coefficient Of Variation	220.99
	Mean Deviation	62,104,932
	Median	25,007,000
	Standard Deviation	76,002,984
	Sample Variance	5776.5T
	Range	227.4M
	R-Value	0.49
	Mean Square Error	4745.7T
	R-Squared	0.24
	Significance	0.07
	Slope	8,275,774
	Total Sum of Squares	80870.3T

Nordic Gross Profit History

	2024	158.3 M
	2023	150.8 M
	2022	55 M
	2021	-68.5 M
	2020	98.8 M
	2019	45.5 M
	2018	-17.1 M

Other Fundumenentals of Nordic American Tankers

Gross Profit Margin

Nordic American Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Short Term Debt	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Good Will	Deferred Long Term Liab	Short Long Term Debt	Intangible Assets	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.93	0.67	-0.08	0.61	0.77	0.77	0.01	0.42	0.72	0.79	0.95	0.5	0.35	0.24	0.22	0.16	0.38	0.22	0.45	0.27	0.15	0.26	0.28	-0.28
Total Stockholder Equity	0.93		0.35	0.12	0.49	0.47	0.64	-0.2	0.36	0.83	0.51	0.86	0.29	0.42	0.49	0.18	-0.18	0.55	0.18	0.19	0.43	0.41	0.4	0.48	-0.38
Net Debt	0.67	0.35		-0.35	0.57	0.97	0.57	0.39	0.27	0.17	0.95	0.7	0.72	0.05	-0.36	0.18	0.77	-0.11	0.18	0.77	-0.14	-0.43	-0.1	-0.24	0.01
Retained Earnings	-0.08	0.12	-0.35		-0.12	-0.4	-0.33	-0.45	-0.04	0.14	-0.38	-0.01	-0.32	0.2	0.39	0.07	-0.48	0.23	0.07	-0.33	0.14	0.45	0.24	0.3	-0.2
Net Receivables	0.61	0.49	0.57	-0.12		0.58	0.55	0.31	0.3	0.3	0.56	0.6	0.69	0.06	-0.12	-0.12	0.37	0.06	-0.12	0.27	0.06	-0.07	0.29	0.02	0.18
Total Liab	0.77	0.47	0.97	-0.4	0.58		0.73	0.37	0.37	0.28	0.98	0.77	0.69	0.09	-0.28	0.21	0.69	-0.04	0.21	0.74	-0.09	-0.34	-0.06	-0.16	-0.02
Total Current Assets	0.77	0.64	0.57	-0.33	0.55	0.73		0.28	0.63	0.43	0.69	0.69	0.43	0.05	-0.02	0.17	0.29	0.12	0.17	0.36	0.01	-0.03	-0.01	0.03	0.03
Common Stock	0.01	-0.2	0.39	-0.45	0.31	0.37	0.28		0.22	-0.45	0.32	0.12	0.09	-0.79	-0.89	-0.64	0.73	-0.65	-0.64	0.07	-0.75	-0.82	-0.69	-0.85	0.8
Accounts Payable	0.42	0.36	0.27	-0.04	0.3	0.37	0.63	0.22		-0.02	0.28	0.45	0.07	-0.14	-0.16	0.15	0.04	-0.28	0.15	-0.07	-0.32	-0.19	-0.25	-0.16	0.07
Short Term Debt	0.72	0.83	0.17	0.14	0.3	0.28	0.43	-0.45	-0.02		0.34	0.54	0.37	0.54	0.72	0.31	-0.24	0.91	0.31	0.27	0.67	0.63	0.59	0.72	-0.49
Long Term Debt	0.79	0.51	0.95	-0.38	0.56	0.98	0.69	0.32	0.28	0.34		0.78	0.73	0.18	-0.21	0.14	0.65	0.04	0.14	0.82	-0.03	-0.3	0.01	-0.08	-0.12
Property Plant Equipment	0.95	0.86	0.7	-0.01	0.6	0.77	0.69	0.12	0.45	0.54	0.78		0.4	0.22	0.08	0.1	0.2	0.17	0.1	0.38	0.11	0.02	0.16	0.09	-0.16
Current Deferred Revenue	0.5	0.29	0.72	-0.32	0.69	0.69	0.43	0.09	0.07	0.37	0.73	0.4		0.33	0.0	0.19	0.52	0.26	0.19	0.8	0.25	-0.11	0.35	0.2	-0.21
Short Term Investments	0.35	0.42	0.05	0.2	0.06	0.09	0.05	-0.79	-0.14	0.54	0.18	0.22	0.33		0.75	0.56	-0.41	0.62	0.56	0.39	0.69	0.63	0.81	0.82	-0.91
Net Tangible Assets	0.24	0.49	-0.36	0.39	-0.12	-0.28	-0.02	-0.89	-0.16	0.72	-0.21	0.08	0.0	0.75		0.44	-0.74	0.85	0.44	-0.06	0.8	0.92	0.74	0.92	-0.75
Good Will	0.22	0.18	0.18	0.07	-0.12	0.21	0.17	-0.64	0.15	0.31	0.14	0.1	0.19	0.56	0.44		-0.13	0.36	1.0	0.24	0.49	0.4	0.27	0.53	-0.58
Deferred Long Term Liab	0.16	-0.18	0.77	-0.48	0.37	0.69	0.29	0.73	0.04	-0.24	0.65	0.2	0.52	-0.41	-0.74	-0.13		-0.4	-0.13	0.57	-0.52	-0.71	-0.48	-0.63	0.47
Short Long Term Debt	0.38	0.55	-0.11	0.23	0.06	-0.04	0.12	-0.65	-0.28	0.91	0.04	0.17	0.26	0.62	0.85	0.36	-0.4		0.36	0.18	0.78	0.76	0.69	0.84	-0.58
Intangible Assets	0.22	0.18	0.18	0.07	-0.12	0.21	0.17	-0.64	0.15	0.31	0.14	0.1	0.19	0.56	0.44	1.0	-0.13	0.36		0.24	0.49	0.4	0.27	0.53	-0.58
Long Term Debt Total	0.45	0.19	0.77	-0.33	0.27	0.74	0.36	0.07	-0.07	0.27	0.82	0.38	0.8	0.39	-0.06	0.24	0.57	0.18	0.24		0.13	-0.21	0.16	0.1	-0.37
Capital Surpluse	0.27	0.43	-0.14	0.14	0.06	-0.09	0.01	-0.75	-0.32	0.67	-0.03	0.11	0.25	0.69	0.8	0.49	-0.52	0.78	0.49	0.13		0.7	0.76	0.87	-0.67
Cash And Equivalents	0.15	0.41	-0.43	0.45	-0.07	-0.34	-0.03	-0.82	-0.19	0.63	-0.3	0.02	-0.11	0.63	0.92	0.4	-0.71	0.76	0.4	-0.21	0.7		0.66	0.86	-0.54
Net Invested Capital	0.26	0.4	-0.1	0.24	0.29	-0.06	-0.01	-0.69	-0.25	0.59	0.01	0.16	0.35	0.81	0.74	0.27	-0.48	0.69	0.27	0.16	0.76	0.66		0.77	-0.61
Net Working Capital	0.28	0.48	-0.24	0.3	0.02	-0.16	0.03	-0.85	-0.16	0.72	-0.08	0.09	0.2	0.82	0.92	0.53	-0.63	0.84	0.53	0.1	0.87	0.86	0.77		-0.79
Capital Stock	-0.28	-0.38	0.01	-0.2	0.18	-0.02	0.03	0.8	0.07	-0.49	-0.12	-0.16	-0.21	-0.91	-0.75	-0.58	0.47	-0.58	-0.58	-0.37	-0.67	-0.54	-0.61	-0.79

Click cells to compare fundamentals

About Nordic American Financial Statements

Nordic American shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Nordic American investors may analyze each financial statement separately, they are all interrelated. The changes in Nordic American's assets and liabilities, for example, are also reflected in the revenues and expenses on on Nordic American's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	150.8 M	158.3 M
Gross Profit Margin	0.38	0.32

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Nordic Stock Analysis

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

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

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC