CNXN Historical Income Statement
| CNXN Stock | USD 72.58 0.47 0.64% |
Historical analysis of PC Connection income statement accounts such as Interest Expense of 1 M, Selling General Administrative of 380.7 M or Total Revenue of 2.2 B can show how well PC Connection performed in making a profits. Evaluating PC Connection income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of PC Connection's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining PC Connection 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 PC Connection is a good buy for the upcoming year.
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About CNXN Income Statement Analysis
PC Connection 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 PC Connection shareholders. The income statement also shows CNXN 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).
PC Connection Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts PC Connection 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 PC Connection minus its cost of goods sold. It is profit before PC Connection 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 PC Connection. It is also known as PC Connection 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on PC Connection income statement and is an important metric when analyzing PC Connection profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from PC Connection's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into PC Connection 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 PC Connection. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. To learn how to invest in CNXN Stock, please use our How to Invest in PC Connection guide.At this time, PC Connection's Interest Expense is very stable compared to the past year. As of the 30th of November 2024, Selling General Administrative is likely to grow to about 380.7 M, while Depreciation And Amortization is likely to drop about 9.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 464.6M | 526.2M | 511.7M | 297.3M | Total Revenue | 2.9B | 3.1B | 2.9B | 2.2B |
PC Connection income statement Correlations
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PC Connection Account Relationship Matchups
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High Negative Relationship
PC Connection income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 14.7M | 13.6M | 12.2M | 12.0M | 12.7M | 9.4M | |
| Interest Expense | 103K | 107K | 5K | 1.1M | 974.7K | 1.0M | |
| Selling General Administrative | 10.6M | 19.4M | 16.4M | 15.3M | 362.6M | 380.7M | |
| Total Revenue | 2.8B | 2.6B | 2.9B | 3.1B | 2.9B | 2.2B | |
| Gross Profit | 451.3M | 418.8M | 464.6M | 526.2M | 511.7M | 297.3M | |
| Other Operating Expenses | 2.7B | 2.5B | 2.8B | 3.0B | 2.7B | 2.1B | |
| Operating Income | 112.0M | 72.1M | 96.5M | 120.6M | 105.8M | 55.0M | |
| Ebit | 112.0M | 73.1M | 96.5M | 120.6M | 105.6M | 57.3M | |
| Ebitda | 126.7M | 86.7M | 108.7M | 132.5M | 118.2M | 66.7M | |
| Cost Of Revenue | 2.4B | 2.2B | 2.4B | 2.6B | 2.3B | 1.9B | |
| Total Operating Expenses | 338.6M | 345.7M | 368.1M | 405.6M | 405.9M | 241.1M | |
| Income Before Tax | 112.7M | 73.2M | 96.5M | 121.6M | 113.1M | 118.8M | |
| Total Other Income Expense Net | 707K | 1.1M | 5K | 1.1M | 7.3M | 7.6M | |
| Net Income | 82.1M | 55.8M | 69.9M | 89.2M | 83.3M | 87.4M | |
| Income Tax Expense | 30.6M | 17.4M | 26.6M | 32.4M | 29.8M | 18.0M | |
| Net Income Applicable To Common Shares | 82.1M | 55.8M | 69.9M | 89.2M | 102.6M | 107.7M | |
| Net Income From Continuing Ops | 82.1M | 55.8M | 69.9M | 89.2M | 78.3M | 61.8M | |
| Non Operating Income Net Other | 707K | 168K | 5K | 1.1M | 974.7K | 591.0K | |
| Selling And Marketing Expenses | 19.4M | 14M | 15.8M | 20.2M | 22.4M | 19.1M | |
| Tax Provision | 30.6M | 17.4M | 26.6M | 32.4M | 27.4M | 21.8M | |
| Interest Income | 98K | 3.0M | 707K | 168K | 193.2K | 183.5K | |
| Reconciled Depreciation | 13.3M | 13.6M | 12.2M | 12.0M | 12.4M | 10.2M |
Pair Trading with PC Connection
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 PC Connection 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 PC Connection will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to PC Connection could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PC Connection 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 PC Connection - 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 PC Connection to buy it.
The correlation of PC Connection 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 PC Connection moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PC Connection 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 PC Connection 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in PC Connection. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. To learn how to invest in CNXN Stock, please use our How to Invest in PC Connection guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Electronic Equipment, Instruments & Components 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 PC Connection. If investors know CNXN 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 PC Connection 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 0.052 | Dividend Share 0.38 | Earnings Share 3.4 | Revenue Per Share 105.964 | Quarterly Revenue Growth 0.046 |
The market value of PC Connection is measured differently than its book value, which is the value of CNXN that is recorded on the company's balance sheet. Investors also form their own opinion of PC Connection's value that differs from its market value or its book value, called intrinsic value, which is PC Connection'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 PC Connection's market value can be influenced by many factors that don't directly affect PC Connection'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 PC Connection's value and its price as these two are different measures arrived at by different means. Investors typically determine if PC Connection is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PC Connection'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.