American Historical Income Statement
AWR Stock | USD 85.31 0.06 0.07% |
Historical analysis of American States income statement accounts such as Total Revenue of 302.3 M, Gross Profit of 228.2 M or Operating Income of 206.6 M can show how well American States Water performed in making a profits. Evaluating American States income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of American States's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining American States Water 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 American States Water is a good buy for the upcoming year.
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About American Income Statement Analysis
American States Water 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 American States shareholders. The income statement also shows American 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).
American States Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of American States Water minus its cost of goods sold. It is profit before American States 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 American States Water 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 American States Water 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.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.Most accounts from American States' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into American States Water 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 American States Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. At this time, American States' Non Operating Income Net Other is relatively stable compared to the past year. As of 11/30/2024, Reconciled Depreciation is likely to grow to about 43.7 M, while Gross Profit is likely to drop slightly above 228.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 377.8M | 368.2M | 449.5M | 228.2M | Total Revenue | 498.9M | 491.5M | 595.7M | 302.3M |
American States income statement Correlations
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American States Account Relationship Matchups
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High Negative Relationship
American States income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 24.6M | 22.5M | 22.8M | 27.0M | 42.8M | 44.9M | |
Total Revenue | 473.9M | 488.2M | 498.9M | 491.5M | 595.7M | 302.3M | |
Gross Profit | 353.7M | 368.8M | 377.8M | 368.2M | 449.5M | 228.2M | |
Operating Income | 127.1M | 130.5M | 141.0M | 126.6M | 196.7M | 206.6M | |
Ebit | 168.6M | 133.8M | 145.1M | 129.1M | 209.3M | 219.7M | |
Ebitda | 168.7M | 171.0M | 185.1M | 170.8M | 252.5M | 265.2M | |
Net Income | 84.3M | 86.4M | 94.3M | 78.4M | 124.9M | 131.2M | |
Income Tax Expense | 24.7M | 28.2M | 30.4M | 23.7M | 41.6M | 43.7M | |
Depreciation And Amortization | 171.9K | 37.2M | 40.0M | 41.7M | 43.3M | 25.8M | |
Selling General Administrative | 83.0M | 83.6M | 83.5M | 86.2M | 88.3M | 62.6M | |
Other Operating Expenses | 347.0M | 357.7M | 358.3M | 365.0M | 399.0M | 270.6M | |
Cost Of Revenue | 120.1M | 119.4M | 121.0M | 123.3M | 146.2M | 96.3M | |
Total Operating Expenses | 226.9M | 238.3M | 237.3M | 241.7M | 252.8M | 174.3M | |
Income Before Tax | 109.0M | 114.6M | 124.8M | 102.1M | 166.5M | 174.8M | |
Total Other Income Expense Net | (18.1M) | (15.9M) | (16.2M) | (24.6M) | (30.2M) | (28.7M) | |
Net Income Applicable To Common Shares | 84.3M | 86.4M | 94.3M | 78.4M | 90.2M | 51.2M | |
Net Income From Continuing Ops | 84.3M | 86.4M | 94.3M | 78.4M | 124.9M | 81.4M | |
Non Operating Income Net Other | 6.5M | 6.7M | 6.6M | 2.5M | 2.8M | 3.7M | |
Tax Provision | 24.7M | 28.2M | 30.4M | 23.7M | 41.6M | 24.7M | |
Interest Income | 3.2M | 1.8M | 1.5M | 2.3M | 7.4M | 3.8M | |
Net Interest Income | (21.3M) | (20.7M) | (21.3M) | (24.7M) | (35.3M) | (37.1M) | |
Reconciled Depreciation | 35.7M | 37.2M | 40.0M | 41.7M | 43.3M | 43.7M |
Pair Trading with American States
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 American States 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 American States will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
Moving against American Stock
0.5 | ES | Eversource Energy | PairCorr |
0.37 | FE | FirstEnergy Sell-off Trend | PairCorr |
0.35 | CWT | California Water Service | PairCorr |
The ability to find closely correlated positions to American States could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American States 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 American States - 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 American States Water to buy it.
The correlation of American States 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 American States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American States Water 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 American States 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.Additional Tools for American Stock Analysis
When running American States' price analysis, check to measure American States' 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 American States is operating at the current time. Most of American States' value examination focuses on studying past and present price action to predict the probability of American States' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American States' price. Additionally, you may evaluate how the addition of American States to your portfolios can decrease your overall portfolio volatility.