ITP Historical Income Statement

ITP Stock

USD 0.24 0.02 9.09%

Historical analysis of IT Tech income statement accounts such as Other Operating Expenses of 103.7 M or Ebitda of 5.3 M can show how well IT Tech Packaging performed in making a profits. Evaluating IT Tech income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of IT Tech's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining IT Tech Packaging 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 IT Tech Packaging is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IT Tech Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

About ITP Income Statement Analysis

IT Tech Packaging 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 IT Tech shareholders. The income statement also shows ITP 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).

IT Tech Income Statement Chart

At this time, IT Tech's Interest Expense is relatively stable compared to the past year. As of 11/30/2024, Other Operating Expenses is likely to grow to about 103.7 M, while EBITDA is likely to drop slightly above 5.3 M.

Selling General Administrative Other Operating Expenses Total Revenue Gross Profit Interest Income

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of IT Tech Packaging. It is also known as IT Tech 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.

Total Revenue

Total revenue comprises all receipts IT Tech Packaging 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 IT Tech Packaging minus its cost of goods sold. It is profit before IT Tech 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.

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 IT Tech's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into IT Tech Packaging 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IT Tech Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

	2021	2022	2023	2024 (projected)
Total Revenue	160.9M	100.4M	86.5M	120.2M
Depreciation And Amortization	15.4M	14.8M	14.2M	10.9M

Total Revenue Depreciation And Amortization

IT Tech income statement Correlations

	Interest Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Ebitda	Total Operating Expenses	Net Income	Depreciation And Amortization	Total Revenue	Gross Profit	Ebit	Cost Of Revenue	Income Before Tax	Total Other Income Expense Net	Income Tax Expense	Net Income From Continuing Ops	Research Development	Non Operating Income Net Other	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.62	0.4	0.17	0.43	0.6	0.14	0.51	0.37	0.39	0.15	0.31	0.06	-0.14	-0.1	-0.05	-0.21	0.5	-0.41	-0.19	-0.16	-0.27	-0.05	-0.13
Selling General Administrative	0.62		0.41	-0.45	-0.07	0.99	-0.47	0.94	0.11	-0.21	-0.47	0.24	-0.54	-0.13	-0.29	-0.6	0.36	0.07	0.19	-0.25	-0.8	0.42	0.17	-0.04
Other Operating Expenses	0.4	0.41		0.31	0.65	0.4	0.26	0.51	0.92	0.4	0.28	0.98	0.26	0.24	0.3	-0.13	0.2	0.0	-0.08	-0.01	-0.22	0.12	0.15	-0.1
Operating Income	0.17	-0.45	0.31		0.9	-0.48	0.97	-0.48	0.61	0.96	0.99	0.41	0.98	0.03	0.49	0.83	-0.58	0.44	-0.71	-0.22	0.74	-0.79	0.23	-0.45
Ebitda	0.43	-0.07	0.65	0.9		-0.11	0.86	-0.08	0.83	0.95	0.89	0.69	0.86	0.05	0.47	0.61	-0.4	0.44	-0.62	-0.27	0.44	-0.62	0.29	-0.46
Total Operating Expenses	0.6	0.99	0.4	-0.48	-0.11		-0.51	0.95	0.08	-0.25	-0.51	0.22	-0.57	-0.13	-0.3	-0.65	0.39	0.02	0.22	-0.19	-0.82	0.46	0.15	0.05
Net Income	0.14	-0.47	0.26	0.97	0.86	-0.51		-0.51	0.57	0.93	0.97	0.37	0.96	0.02	0.3	0.88	-0.69	0.47	-0.68	-0.33	0.73	-0.79	0.22	-0.42
Depreciation And Amortization	0.51	0.94	0.51	-0.48	-0.08	0.95	-0.51		0.18	-0.29	-0.51	0.35	-0.55	0.03	-0.23	-0.68	0.55	-0.06	0.29	-0.07	-0.82	0.58	0.2	0.12
Total Revenue	0.37	0.11	0.92	0.61	0.83	0.08	0.57	0.18		0.65	0.59	0.96	0.57	0.25	0.41	0.2	-0.08	0.11	-0.29	-0.02	0.11	-0.18	0.07	-0.22
Gross Profit	0.39	-0.21	0.4	0.96	0.95	-0.25	0.93	-0.29	0.65		0.95	0.46	0.92	-0.1	0.4	0.76	-0.61	0.53	-0.71	-0.35	0.59	-0.8	0.25	-0.5
Ebit	0.15	-0.47	0.28	0.99	0.89	-0.51	0.97	-0.51	0.59	0.95		0.4	0.99	0.04	0.5	0.87	-0.59	0.43	-0.68	-0.25	0.75	-0.82	0.24	-0.5
Cost Of Revenue	0.31	0.24	0.98	0.41	0.69	0.22	0.37	0.35	0.96	0.46	0.4		0.39	0.34	0.38	0.0	0.15	-0.03	-0.12	0.04	-0.08	0.05	0.13	-0.13
Income Before Tax	0.06	-0.54	0.26	0.98	0.86	-0.57	0.96	-0.55	0.57	0.92	0.99	0.39		0.14	0.54	0.87	-0.54	0.38	-0.68	-0.18	0.77	-0.78	0.25	-0.46
Total Other Income Expense Net	-0.14	-0.13	0.24	0.03	0.05	-0.13	0.02	0.03	0.25	-0.1	0.04	0.34	0.14		0.41	0.03	0.45	-0.23	-0.1	0.44	0.02	0.24	0.12	0.09
Income Tax Expense	-0.1	-0.29	0.3	0.49	0.47	-0.3	0.3	-0.23	0.41	0.4	0.5	0.38	0.54	0.41		0.25	0.28	-0.1	-0.28	0.38	0.39	-0.24	0.18	-0.31
Net Income From Continuing Ops	-0.05	-0.6	-0.13	0.83	0.61	-0.65	0.88	-0.68	0.2	0.76	0.87	0.0	0.87	0.03	0.25		-0.7	0.44	-0.64	-0.43	0.78	-0.85	0.33	-0.58
Research Development	-0.21	0.36	0.2	-0.58	-0.4	0.39	-0.69	0.55	-0.08	-0.61	-0.59	0.15	-0.54	0.45	0.28	-0.7		-0.54	0.57	0.51	-0.58	0.8	0.13	0.29
Non Operating Income Net Other	0.5	0.07	0.0	0.44	0.44	0.02	0.47	-0.06	0.11	0.53	0.43	-0.03	0.38	-0.23	-0.1	0.44	-0.54		-0.62	-0.47	0.41	-0.49	0.11	-0.38
Non Recurring	-0.41	0.19	-0.08	-0.71	-0.62	0.22	-0.68	0.29	-0.29	-0.71	-0.68	-0.12	-0.68	-0.1	-0.28	-0.64	0.57	-0.62		0.22	-0.62	0.76	-0.17	0.4
Tax Provision	-0.19	-0.25	-0.01	-0.22	-0.27	-0.19	-0.33	-0.07	-0.02	-0.35	-0.25	0.04	-0.18	0.44	0.38	-0.43	0.51	-0.47	0.22		-0.02	0.37	-0.58	0.68
Interest Income	-0.16	-0.8	-0.22	0.74	0.44	-0.82	0.73	-0.82	0.11	0.59	0.75	-0.08	0.77	0.02	0.39	0.78	-0.58	0.41	-0.62	-0.02		-0.74	0.01	-0.26
Net Interest Income	-0.27	0.42	0.12	-0.79	-0.62	0.46	-0.79	0.58	-0.18	-0.8	-0.82	0.05	-0.78	0.24	-0.24	-0.85	0.8	-0.49	0.76	0.37	-0.74		-0.13	0.51
Reconciled Depreciation	-0.05	0.17	0.15	0.23	0.29	0.15	0.22	0.2	0.07	0.25	0.24	0.13	0.25	0.12	0.18	0.33	0.13	0.11	-0.17	-0.58	0.01	-0.13		-0.56
Extraordinary Items	-0.13	-0.04	-0.1	-0.45	-0.46	0.05	-0.42	0.12	-0.22	-0.5	-0.5	-0.13	-0.46	0.09	-0.31	-0.58	0.29	-0.38	0.4	0.68	-0.26	0.51	-0.56

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IT Tech Account Relationship Matchups

IT Tech income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	926.4K	1.0M	1.1M	1.0M	984.5K	1.2M
Selling General Administrative	9.8M	11.2M	9.6M	10.1M	7.7M	6.7M
Other Operating Expenses	113.5M	106.2M	159.2M	105.7M	94.6M	103.7M
Operating Income	3.9M	(5.2M)	1.5M	(5.3M)	(9.6M)	(9.1M)
Ebitda	19.5M	10.2M	22.9M	11.0M	5.6M	5.3M
Total Operating Expenses	9.5M	10.9M	9.4M	10.1M	9.1M	6.8M
Net Income	2.2M	(5.6M)	905.5K	(16.6M)	(9.9M)	(9.4M)
Depreciation And Amortization	15.6M	15.8M	15.4M	14.8M	14.2M	10.9M
Total Revenue	117.6M	100.9M	160.9M	100.4M	86.5M	120.2M
Gross Profit	13.7M	5.7M	11.0M	4.8M	999.9K	949.9K
Ebit	3.9M	(5.6M)	7.6M	(3.8M)	(8.6M)	(8.2M)
Cost Of Revenue	103.9M	95.2M	149.9M	95.6M	85.5M	102.3M
Income Before Tax	3.3M	(6.7M)	6.5M	(4.9M)	(9.6M)	(9.1M)
Total Other Income Expense Net	(600.5K)	(1.2M)	5.0M	444.6K	(23.2K)	(24.4K)
Income Tax Expense	1.1M	(1.1M)	5.5M	11.7M	347.0K	329.6K
Net Income Applicable To Common Shares	2.2M	(5.6M)	905.5K	(16.6M)	(14.9M)	(14.2M)
Net Income From Continuing Ops	2.2M	(5.6M)	905.5K	(16.6M)	(17.9M)	(17.0M)
Research Development	74.8K	69.2K	101.4K	145.5K	90.8K	57.6K
Non Operating Income Net Other	76.1K	277.8K	325.9K	(173.5K)	(156.2K)	(148.4K)
Tax Provision	1.1M	(1.1M)	5.5M	11.7M	12.2M	12.8M
Interest Income	64.7K	32.0K	38.8K	413.6K	291.4K	364.1K
Net Interest Income	(861.7K)	(994.5K)	(1.1M)	(1.0M)	(717.7K)	(753.5K)
Reconciled Depreciation	15.3M	15.8M	15.4M	14.8M	14.1M	11.9M

Pair Trading with IT Tech

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 IT Tech 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 IT Tech will appreciate offsetting losses from the drop in the long position's value.

Moving against ITP Stock

0.36

Worthington Steel

Pair Corr

The ability to find closely correlated positions to IT Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IT Tech 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 IT Tech - 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 IT Tech Packaging to buy it.

The correlation of IT Tech 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 IT Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IT Tech Packaging 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 IT Tech 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.

Pair Correlation Correlation Matching

Additional Tools for ITP Stock Analysis

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

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ITP Historical Income Statement

About ITP Income Statement Analysis

IT Tech Income Statement Chart

Other Operating Expenses

Total Revenue

Gross Profit

Interest Income

IT Tech income statement Correlations

IT Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IT Tech income statement Accounts

Pair Trading with IT Tech

Moving against ITP Stock

Additional Tools for ITP Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Operating Expenses	+ 0.99	Selling General Administrative
Ebit	+ 0.99	Operating Income
Income Before Tax	+ 0.99	Ebit
Cost Of Revenue	+ 0.98	Other Operating Expenses
Income Before Tax	+ 0.98	Operating Income
Net Income	+ 0.97	Operating Income

Net Interest Income	- 0.85	Net Income From Continuing Ops
Net Interest Income	- 0.82	Ebit
Interest Income	- 0.82	Depreciation And Amortization
Interest Income	- 0.82	Total Operating Expenses
Net Interest Income	- 0.8	Gross Profit
Interest Income	- 0.8	Selling General Administrative