Bank Historical Income Statement
002948 Stock | 3.84 0.05 1.32% |
Historical analysis of Bank of Qingdao income statement accounts such as Selling General Administrative of 1.1 B, Total Revenue of 9.1 B or Gross Profit of 5.4 B can show how well Bank of Qingdao performed in making a profits. Evaluating Bank of Qingdao income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Bank of Qingdao's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Bank of Qingdao 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 Bank of Qingdao is a good buy for the upcoming year.
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About Bank Income Statement Analysis
Bank of Qingdao 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 Bank of Qingdao shareholders. The income statement also shows Bank 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).
Bank of Qingdao Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Bank of Qingdao 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 Bank of Qingdao minus its cost of goods sold. It is profit before Bank of Qingdao 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 Bank of Qingdao. It is also known as Bank of Qingdao 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.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.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most accounts from Bank of Qingdao's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Bank of Qingdao 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Qingdao. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At present, Bank of Qingdao's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 271.5 M, whereas Interest Expense is forecasted to decline to about 7.1 B.
2023 | 2024 (projected) | Gross Profit | 6.9B | 5.4B | Total Revenue | 11.0B | 9.1B |
Bank of Qingdao income statement Correlations
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Bank of Qingdao Account Relationship Matchups
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Bank of Qingdao income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 7.7B | 9.0B | 10.6B | 11.5B | 11.9B | 7.1B | |
Selling General Administrative | 727.1M | 1.2B | 1.1B | 1.3B | 1.3B | 1.1B | |
Total Revenue | 9.6B | 9.6B | 10.4B | 10.4B | 11.0B | 9.1B | |
Other Operating Expenses | 101.2M | 134.0M | 169.9M | 4.2B | 4.9B | 5.1B | |
Net Income From Continuing Ops | 2.3B | 2.5B | 3.0B | 3.2B | 3.7B | 2.7B | |
Income Before Tax | 2.8B | 2.7B | 3.2B | 3.1B | 3.9B | 3.1B | |
Net Income Applicable To Common Shares | 1.8B | 1.9B | 2.4B | 3.1B | 3.5B | 2.3B | |
Net Income | 2.3B | 2.4B | 2.9B | 3.1B | 3.5B | 2.7B | |
Income Tax Expense | 493.0M | 275.0M | 232.2M | (31.6M) | (28.4M) | (27.0M) | |
Minority Interest | 562.5M | 621.7M | (70.5M) | (84.8M) | (122.8M) | (116.7M) | |
Tax Provision | 493.0M | 275.0M | 232.2M | (31.6M) | 262.0M | 271.5M | |
Net Interest Income | 6.8B | 8.1B | 7.6B | 8.3B | 9.3B | 7.5B | |
Interest Income | 14.5B | 17.2B | 18.2B | 19.8B | 21.1B | 17.1B | |
Reconciled Depreciation | 409.7M | 428.9M | 493.1M | 547.5M | 565.2M | 497.9M |
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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.Other Information on Investing in Bank Stock
Bank of Qingdao 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 Bank of Qingdao shareholders. The income statement also shows Bank 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).