Culp Historical Income Statement

CULP Stock

USD 5.78 0.40 7.43%

Historical analysis of Culp income statement accounts such as Interest Expense of 10.4 K, Selling General Administrative of 9.1 M or Total Revenue of 309.8 M can show how well Culp Inc performed in making a profits. Evaluating Culp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Culp'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 Culp Inc 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 Culp Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Culp Inc. 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 economic analysis.

About Culp Income Statement Analysis

Culp Inc 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 Culp shareholders. The income statement also shows Culp 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).

Culp Income Statement Chart

At this time, Culp's Tax Provision is relatively stable compared to the past year.

Total Revenue Gross Profit Operating Income Ebit Tax Provision

Total Revenue

Total revenue comprises all receipts Culp Inc 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 Culp Inc minus its cost of goods sold. It is profit before Culp 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.

Operating Income

Operating Income is the amount of profit realized from Culp Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Culp Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Culp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Culp Inc 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 Culp Inc. 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 economic analysis.

At this time, Culp's Tax Provision is relatively stable compared to the past year.

	2021	2022	2023	2024 (projected)
Interest Expense	17K	6.2M	11K	10.5K
Depreciation And Amortization	7.6M	7.3M	6.9M	7.8M

Interest Expense Depreciation And Amortization

Culp income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Minority Interest	Net Interest Income	Interest Income	Discontinued Operations	Reconciled Depreciation	Extraordinary Items	Non Recurring
Depreciation And Amortization		-0.14	-0.68	0.6	0.16	0.72	-0.16	-0.17	-0.08	0.66	0.78	-0.2	-0.34	-0.29	0.36	0.8	-0.43	-0.24	-0.48	0.28	0.62	0.66	-0.45	0.39	-0.47	-0.18
Interest Expense	-0.14		0.15	-0.44	-0.65	-0.25	-0.57	-0.59	-0.6	-0.27	0.02	-0.55	0.15	-0.55	-0.24	-0.11	-0.37	0.15	-0.25	-0.02	0.12	0.05	-0.21	-0.09	-0.21	0.17
Selling General Administrative	-0.68	0.15		-0.56	-0.24	-0.64	0.04	0.06	0.0	-0.59	-0.7	0.06	0.17	0.15	-0.46	-0.7	0.32	0.27	0.29	-0.23	-0.34	-0.36	0.28	-0.16	0.29	0.16
Total Revenue	0.6	-0.44	-0.56		0.67	0.95	0.43	0.42	0.48	0.96	0.41	0.45	0.03	0.39	0.53	0.49	0.18	-0.3	0.18	-0.19	-0.09	-0.03	0.09	0.13	0.08	-0.06
Gross Profit	0.16	-0.65	-0.24	0.67		0.42	0.91	0.91	0.93	0.44	0.19	0.9	-0.01	0.85	0.67	0.19	0.71	-0.44	0.62	-0.51	-0.26	-0.19	0.59	0.26	0.59	0.23
Other Operating Expenses	0.72	-0.25	-0.64	0.95	0.42		0.14	0.13	0.19	0.99	0.54	0.17	0.03	0.1	0.44	0.6	-0.1	-0.2	-0.08	0.01	0.05	0.09	-0.17	0.09	-0.18	-0.13
Operating Income	-0.16	-0.57	0.04	0.43	0.91	0.14		1.0	1.0	0.19	-0.1	0.98	-0.04	0.97	0.46	-0.18	0.92	-0.41	0.75	-0.7	-0.33	-0.28	0.78	0.34	0.78	0.48
Ebit	-0.17	-0.59	0.06	0.42	0.91	0.13	1.0		1.0	0.19	-0.11	0.98	-0.04	0.97	0.46	-0.19	0.92	-0.38	0.75	-0.68	-0.36	-0.3	0.76	0.31	0.77	0.47
Ebitda	-0.08	-0.6	0.0	0.48	0.93	0.19	1.0	1.0		0.24	-0.04	0.97	-0.07	0.95	0.49	-0.12	0.89	-0.41	0.71	-0.67	-0.3	-0.24	0.73	0.36	0.73	0.47
Cost Of Revenue	0.66	-0.27	-0.59	0.96	0.44	0.99	0.19	0.19	0.24		0.45	0.22	0.03	0.17	0.4	0.51	-0.03	-0.21	-0.02	-0.06	0.0	0.05	-0.11	0.11	-0.11	-0.08
Total Operating Expenses	0.78	0.02	-0.7	0.41	0.19	0.54	-0.1	-0.11	-0.04	0.45		-0.1	-0.07	-0.22	0.61	0.85	-0.34	-0.17	-0.34	0.33	0.35	0.36	-0.37	0.21	-0.39	0.02
Income Before Tax	-0.2	-0.55	0.06	0.45	0.9	0.17	0.98	0.98	0.97	0.22	-0.1		0.17	0.99	0.48	-0.16	0.92	-0.41	0.79	-0.68	-0.46	-0.41	0.81	0.22	0.81	0.43
Total Other Income Expense Net	-0.34	0.15	0.17	0.03	-0.01	0.03	-0.04	-0.04	-0.07	0.03	-0.07	0.17		0.17	0.06	0.01	0.11	-0.06	0.28	0.0	-0.6	-0.65	0.31	-0.51	0.3	-0.21
Net Income	-0.29	-0.55	0.15	0.39	0.85	0.1	0.97	0.97	0.95	0.17	-0.22	0.99	0.17		0.33	-0.25	0.95	-0.42	0.76	-0.69	-0.47	-0.43	0.83	0.21	0.84	0.42
Income Tax Expense	0.36	-0.24	-0.46	0.53	0.67	0.44	0.46	0.46	0.49	0.4	0.61	0.48	0.06	0.33		0.43	0.24	-0.1	0.44	-0.21	-0.11	-0.08	0.17	0.17	0.17	0.17
Selling And Marketing Expenses	0.8	-0.11	-0.7	0.49	0.19	0.6	-0.18	-0.19	-0.12	0.51	0.85	-0.16	0.01	-0.25	0.43		-0.45	-0.18	-0.47	0.47	0.32	0.34	-0.39	-0.04	-0.4	-0.39
Net Income From Continuing Ops	-0.43	-0.37	0.32	0.18	0.71	-0.1	0.92	0.92	0.89	-0.03	-0.34	0.92	0.11	0.95	0.24	-0.45		-0.36	0.78	-0.83	-0.46	-0.42	0.85	0.31	0.86	0.61
Non Operating Income Net Other	-0.24	0.15	0.27	-0.3	-0.44	-0.2	-0.41	-0.38	-0.41	-0.21	-0.17	-0.41	-0.06	-0.42	-0.1	-0.18	-0.36		-0.22	0.35	-0.16	-0.19	-0.43	-0.42	-0.42	-0.2
Tax Provision	-0.48	-0.25	0.29	0.18	0.62	-0.08	0.75	0.75	0.71	-0.02	-0.34	0.79	0.28	0.76	0.44	-0.47	0.78	-0.22		-0.67	-0.58	-0.57	0.76	0.0	0.76	0.33
Minority Interest	0.28	-0.02	-0.23	-0.19	-0.51	0.01	-0.7	-0.68	-0.67	-0.06	0.33	-0.68	0.0	-0.69	-0.21	0.47	-0.83	0.35	-0.67		0.21	0.2	-0.74	-0.5	-0.74	-0.69
Net Interest Income	0.62	0.12	-0.34	-0.09	-0.26	0.05	-0.33	-0.36	-0.3	0.0	0.35	-0.46	-0.6	-0.47	-0.11	0.32	-0.46	-0.16	-0.58	0.21		0.99	-0.29	0.61	-0.31	-0.03
Interest Income	0.66	0.05	-0.36	-0.03	-0.19	0.09	-0.28	-0.3	-0.24	0.05	0.36	-0.41	-0.65	-0.43	-0.08	0.34	-0.42	-0.19	-0.57	0.2	0.99		-0.31	0.64	-0.33	-0.03
Discontinued Operations	-0.45	-0.21	0.28	0.09	0.59	-0.17	0.78	0.76	0.73	-0.11	-0.37	0.81	0.31	0.83	0.17	-0.39	0.85	-0.43	0.76	-0.74	-0.29	-0.31		0.22	1.0	0.38
Reconciled Depreciation	0.39	-0.09	-0.16	0.13	0.26	0.09	0.34	0.31	0.36	0.11	0.21	0.22	-0.51	0.21	0.17	-0.04	0.31	-0.42	0.0	-0.5	0.61	0.64	0.22		0.2	0.64
Extraordinary Items	-0.47	-0.21	0.29	0.08	0.59	-0.18	0.78	0.77	0.73	-0.11	-0.39	0.81	0.3	0.84	0.17	-0.4	0.86	-0.42	0.76	-0.74	-0.31	-0.33	1.0	0.2		0.39
Non Recurring	-0.18	0.17	0.16	-0.06	0.23	-0.13	0.48	0.47	0.47	-0.08	0.02	0.43	-0.21	0.42	0.17	-0.39	0.61	-0.2	0.33	-0.69	-0.03	-0.03	0.38	0.64	0.39

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Culp Account Relationship Matchups

Culp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	8.5M	7.3M	7.6M	7.3M	6.9M	7.8M
Interest Expense	106K	51K	17K	6.2M	11K	10.5K
Selling General Administrative	8.7M	11.6M	9.2M	10.3M	9.6M	9.1M
Total Revenue	256.2M	299.7M	294.8M	234.9M	225.3M	309.8M
Gross Profit	40.5M	49.8M	36.1M	10.9M	27.9M	39.5M
Other Operating Expenses	250.1M	287.6M	294.2M	262.0M	236.6M	297.3M
Operating Income	6.1M	10.1M	(308K)	(27.1M)	(11.3M)	(10.7M)
Ebit	6.1M	12.1M	(308K)	(28.4M)	(10.8M)	(10.2M)
Ebitda	14.5M	19.4M	7.2M	(21.1M)	(3.8M)	(3.7M)
Cost Of Revenue	215.7M	249.9M	258.7M	224.0M	197.4M	255.5M
Total Operating Expenses	34.4M	37.8M	35.4M	38.0M	39.2M	30.4M
Income Before Tax	(7.7M)	10.9M	(325K)	(28.4M)	(10.8M)	(10.2M)
Total Other Income Expense Net	(13.7M)	(1.2M)	(1.0M)	88K	538K	564.9K
Net Income	(11.0M)	3.2M	(3.2M)	(31.5M)	(13.8M)	(13.1M)
Income Tax Expense	3.4M	7.7M	2.9M	3.1M	3.0M	3.4M
Net Income Applicable To Common Shares	(28.7M)	3.2M	(3.2M)	(31.5M)	(28.4M)	(26.9M)
Net Income From Continuing Ops	(11.2M)	3.2M	(3.2M)	(31.5M)	(28.4M)	(26.9M)
Tax Provision	3.4M	7.7M	2.9M	3.1M	2.8M	4.9M
Net Interest Income	791K	193K	356K	531K	477.9K	381.0K
Interest Income	897K	244K	373K	531K	477.9K	416.5K
Reconciled Depreciation	8.5M	7.3M	7.6M	7.3M	6.6M	6.3M

Pair Trading with Culp

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

Moving together with Culp Stock

0.88

DOOO

BRP Inc

Pair Corr

Moving against Culp Stock

0.75	DOGZ	Dogness International	Pair Corr
0.73	KTB	Kontoor Brands	Pair Corr
0.7	RL	Ralph Lauren Corp	Pair Corr
0.69	WWW	Wolverine World Wide	Pair Corr
0.6	PVH	PVH Corp	Pair Corr

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

The correlation of Culp 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 Culp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Culp Inc 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 Culp 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 Culp Stock Analysis

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

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Culp Historical Income Statement

About Culp Income Statement Analysis

Culp Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Tax Provision

Culp income statement Correlations

Culp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Culp income statement Accounts

Pair Trading with Culp

Moving together with Culp Stock

Moving against Culp Stock

Additional Tools for Culp Stock Analysis

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COMPANY

Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Extraordinary Items	+ 1.0	Discontinued Operations
Cost Of Revenue	+ 0.99	Other Operating Expenses
Net Income	+ 0.99	Income Before Tax

Minority Interest	- 0.83	Net Income From Continuing Ops
Extraordinary Items	- 0.74	Minority Interest
Discontinued Operations	- 0.74	Minority Interest
Minority Interest	- 0.7	Operating Income
Selling And Marketing Expenses	- 0.7	Selling General Administrative
Total Operating Expenses	- 0.7	Selling General Administrative