Argo Historical Income Statement
| ARGO Stock | 4.00 0.00 0.00% |
Historical analysis of Argo Group income statement accounts such as Interest Expense of 4.7 M, Total Revenue of 6 M or Gross Profit of 930 K can show how well Argo Group Limited performed in making a profits. Evaluating Argo Group income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Argo Group's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Argo Group Limited 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 Argo Group Limited is a good buy for the upcoming year.
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About Argo Income Statement Analysis
Argo Group Limited 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 Argo Group shareholders. The income statement also shows Argo 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).
Argo Group Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Argo Group Limited. It is also known as Argo Group 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 Argo Group income statement and is an important metric when analyzing Argo Group Limited 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 Argo Group's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Argo Group Limited 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 Argo Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Argo Group's Interest Expense is comparatively stable compared to the past year. Total Revenue is likely to gain to about 6 M in 2024, whereas Gross Profit is likely to drop slightly above 930 K in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 1.1M | 971K | 6K | 5.7K | Net Interest Income | 1.1M | 971K | 6K | 5.7K |
Argo Group income statement Correlations
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Argo Group Account Relationship Matchups
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Argo Group income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 12K | 162K | 198K | 186K | 125K | 93.1K | |
| Total Revenue | 4.5M | 3.3M | 4.4M | 2.5M | 3.0M | 6.0M | |
| Gross Profit | 1.9M | 922K | 1.9M | (548K) | 979K | 930.1K | |
| Other Operating Expenses | 4.0M | 2.6M | 5.2M | 6.9M | 4.4M | 5.6M | |
| Operating Income | (599K) | (932K) | (185K) | (2.3M) | (1.4M) | (1.3M) | |
| Ebit | (752K) | (1.1M) | (364K) | (2.4M) | (14.7M) | (14.0M) | |
| Ebitda | (590K) | (922K) | (178K) | (2.3M) | (14.6M) | (13.9M) | |
| Total Operating Expenses | 1.4M | 276K | 2.6M | 3.8M | 2.4M | 3.6M | |
| Income Before Tax | 626K | 1.7M | 298K | (3.4M) | (14.4M) | (13.7M) | |
| Total Other Income Expense Net | 1.2M | 2.5M | 491K | (1.1M) | (13.0M) | (12.4M) | |
| Net Income | 596K | 1.7M | 298K | (3.4M) | (14.4M) | (13.7M) | |
| Income Tax Expense | 30K | (196.3K) | (229.6K) | (223.5K) | (283K) | (268.9K) | |
| Selling General Administrative | 501K | 511K | 411K | 272K | 523K | 445.0K | |
| Cost Of Revenue | 2.6M | 2.4M | 2.5M | 3.1M | 2.1M | 2.5M | |
| Selling And Marketing Expenses | 1.8M | 1.1M | 1.4M | 1.4M | 1.4M | 1.8M | |
| Net Income From Continuing Ops | 1.0M | 1.7M | 298K | (3.4M) | (14.4M) | (13.7M) | |
| Net Income Applicable To Common Shares | (1.2M) | 596K | 1.7M | 298K | 342.7K | 394.7K | |
| Net Interest Income | 174K | 1.0M | 1.1M | 971K | 6K | 5.7K | |
| Interest Income | 174K | 1.0M | 1.1M | 971K | 6K | 5.7K | |
| Reconciled Depreciation | 162K | 198K | 186K | 125K | 98K | 126.8K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Argo Stock Analysis
When running Argo Group's price analysis, check to measure Argo Group'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 Argo Group is operating at the current time. Most of Argo Group's value examination focuses on studying past and present price action to predict the probability of Argo Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argo Group's price. Additionally, you may evaluate how the addition of Argo Group to your portfolios can decrease your overall portfolio volatility.