Richtech Historical Income Statement
| RR Stock | 0.74 0.08 12.12% |
Historical analysis of Richtech Robotics income statement accounts such as Total Revenue of 7.6 M, Gross Profit of 4.7 M or Other Operating Expenses of 6.9 M can show how well Richtech Robotics Class performed in making a profits. Evaluating Richtech Robotics income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Richtech Robotics's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Richtech Robotics Class 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 Richtech Robotics Class is a good buy for the upcoming year.
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About Richtech Income Statement Analysis
Richtech Robotics Class 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 Richtech Robotics shareholders. The income statement also shows Richtech 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).
Richtech Robotics Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Richtech Robotics Class 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 Richtech Robotics Class minus its cost of goods sold. It is profit before Richtech Robotics 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.Most accounts from Richtech Robotics' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Richtech Robotics Class 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 Richtech Robotics Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Richtech Robotics' Interest Expense is relatively stable compared to the past year. As of 11/30/2024, Operating Income is likely to grow to about 349 K, though Net Interest Income is likely to grow to (627.6 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 18K | 734K | 844.1K | 886.3K | Depreciation And Amortization | 7K | 13K | 11.7K | 9.6K |
Richtech Robotics income statement Correlations
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Richtech Robotics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Richtech Robotics
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 Richtech Robotics 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 Richtech Robotics will appreciate offsetting losses from the drop in the long position's value.Moving against Richtech Stock
| 0.81 | IR | Ingersoll Rand | PairCorr |
| 0.75 | B | Barnes Group | PairCorr |
| 0.75 | PH | Parker Hannifin | PairCorr |
| 0.74 | CMI | Cummins | PairCorr |
| 0.72 | BW | Babcock Wilcox Enter | PairCorr |
The ability to find closely correlated positions to Richtech Robotics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richtech Robotics 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 Richtech Robotics - 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 Richtech Robotics Class to buy it.
The correlation of Richtech Robotics 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 Richtech Robotics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richtech Robotics Class 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 Richtech Robotics 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 Richtech Stock Analysis
When running Richtech Robotics' price analysis, check to measure Richtech Robotics' 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 Richtech Robotics is operating at the current time. Most of Richtech Robotics' value examination focuses on studying past and present price action to predict the probability of Richtech Robotics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richtech Robotics' price. Additionally, you may evaluate how the addition of Richtech Robotics to your portfolios can decrease your overall portfolio volatility.