RumbleON Historical Income Statement
| RMBL Stock | USD 6.83 0.17 2.43% |
Historical analysis of RumbleON income statement accounts such as Gross Profit of 377.9 M, Other Operating Expenses of 1.5 B, Research Development of 5.5 M or Cost Of Revenue of 1.1 B can show how well RumbleON performed in making a profits. Evaluating RumbleON income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of RumbleON's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining RumbleON 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 RumbleON is a good buy for the upcoming year.
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About RumbleON Income Statement Analysis
RumbleON 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 RumbleON shareholders. The income statement also shows RumbleON 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).
RumbleON Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of RumbleON minus its cost of goods sold. It is profit before RumbleON 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 RumbleON. It is also known as RumbleON 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 Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from RumbleON's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into RumbleON 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in RumbleON. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy RumbleON Stock please use our How to buy in RumbleON Stock guide.At this time, RumbleON's Other Operating Expenses is quite stable compared to the past year. Research Development is expected to rise to about 5.5 M this year, although the value of EBIT is projected to rise to (74 M).
RumbleON income statement Correlations
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RumbleON Account Relationship Matchups
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RumbleON income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.8M | 2.1M | 6.1M | 23M | 22M | 23.1M | |
| Interest Expense | 7.2M | 6.6M | 15.5M | 53.9M | 77.2M | 81.1M | |
| Selling General Administrative | 66.0M | 47.0M | 165.0M | 331.7M | 312.7M | 328.3M | |
| Total Revenue | 840.6M | 416.4M | 934.7M | 1.8B | 1.4B | 1.4B | |
| Gross Profit | 50.6M | 31.6M | 158.2M | 452.7M | 359.9M | 377.9M | |
| Other Operating Expenses | 878.4M | 440.6M | 947.7M | 1.7B | 1.4B | 1.5B | |
| Operating Income | (37.8M) | (24.2M) | (12.9M) | 67.5M | (69.5M) | (66.0M) | |
| Ebit | (37.8M) | (18.4M) | (15.0M) | (253.4M) | (77.9M) | (74.0M) | |
| Research Development | 2.4M | 1.4M | 2.0M | 3.4M | 5.2M | 5.5M | |
| Ebitda | (36.0M) | (16.2M) | (8.9M) | (230.4M) | (55.9M) | (58.7M) | |
| Cost Of Revenue | 790.0M | 384.8M | 776.6M | 1.3B | 1.0B | 1.1B | |
| Total Operating Expenses | 88.4M | 55.8M | 171.1M | 389.5M | 347.3M | 364.7M | |
| Income Before Tax | (45.2M) | (25.0M) | (31.4M) | (334.1M) | (155.1M) | (147.3M) | |
| Total Other Income Expense Net | (7.4M) | (6.4M) | (18.4M) | (45.4M) | (85.6M) | (81.3M) | |
| Net Income Applicable To Common Shares | (45.2M) | (25.0M) | (9.7M) | (261.5M) | (235.4M) | (223.6M) | |
| Net Income | (52.4M) | (31.6M) | (9.7M) | (261.5M) | (215.5M) | (204.7M) | |
| Income Tax Expense | 7.2M | 6.6M | (21.7M) | (72.6M) | 59.3M | 62.3M | |
| Interest Income | 5.9M | 6.6M | 25.2M | 53.8M | 61.9M | 65.0M | |
| Net Income From Continuing Ops | (45.2M) | (25.0M) | (9.7M) | (261.5M) | (334.5M) | (317.8M) | |
| Net Interest Income | (7.2M) | (6.6M) | (15.5M) | (53.9M) | (74.0M) | (70.3M) | |
| Selling And Marketing Expenses | 18.2M | 5.3M | 14.4M | 31.3M | 29.4M | 17.6M | |
| Reconciled Depreciation | 1.8M | 2.1M | 6.1M | 23.1M | 23.5M | 24.7M |
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Is Automotive Retail 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 RumbleON. If investors know RumbleON 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 RumbleON listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (10.58) | Revenue Per Share 47.649 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0047 | Return On Equity (1.42) |
The market value of RumbleON is measured differently than its book value, which is the value of RumbleON that is recorded on the company's balance sheet. Investors also form their own opinion of RumbleON's value that differs from its market value or its book value, called intrinsic value, which is RumbleON'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 RumbleON's market value can be influenced by many factors that don't directly affect RumbleON'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 RumbleON's value and its price as these two are different measures arrived at by different means. Investors typically determine if RumbleON is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RumbleON'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.