Definity Historical Income Statement
| DFY Stock | 58.64 0.44 0.76% |
Historical analysis of Definity Financial income statement accounts such as Interest Expense of 5.6 M or Selling General Administrative of 83.7 M can show how well Definity Financial Corp performed in making a profits. Evaluating Definity Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Definity Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Definity Financial Corp 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 Definity Financial Corp is a good buy for the upcoming year.
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About Definity Income Statement Analysis
Definity Financial Corp 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 Definity Financial shareholders. The income statement also shows Definity 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).
Definity Financial Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Definity Financial Corp 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 Definity Financial Corp minus its cost of goods sold. It is profit before Definity Financial 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 Definity Financial Corp. It is also known as Definity Financial 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 Definity Financial income statement and is an important metric when analyzing Definity Financial Corp 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 Definity Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Definity Financial Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Definity Financial Corp. 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, Definity Financial's Income Tax Expense is very stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.9B | 3.2B | 3.9B | 3.2B | Total Revenue | 2.9B | 3.2B | 3.9B | 3.2B |
Definity Financial income statement Correlations
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Definity Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Definity Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 3.8M | 46.7M | 68M | 52.6M | 112.7M | 118.3M | |
| Depreciation And Amortization | 45.4M | 51.8M | 54.5M | 73M | 105.8M | 79.0M | |
| Selling General Administrative | 447.5M | 472.7M | 533.4M | 640.8M | 88.1M | 83.7M | |
| Total Revenue | 2.5B | 2.7B | 2.9B | 3.2B | 3.9B | 3.2B | |
| Gross Profit | 2.5B | 2.7B | 2.9B | 3.2B | 3.9B | 3.2B | |
| Other Operating Expenses | 2.5B | 2.5B | 2.6B | 2.9B | 3.6B | 3.0B | |
| Operating Income | 20.4M | 200.6M | 281.2M | 304.6M | (4.4M) | (4.2M) | |
| Ebit | (44.6M) | 200.6M | 281.2M | 236.5M | (4.4M) | (4.2M) | |
| Ebitda | 800K | 193.1M | 273M | 309.5M | 101.4M | 174.1M | |
| Total Operating Expenses | 741.2M | 2.5B | 2.6B | (2.9B) | 1.0B | 638.0M | |
| Income Before Tax | 21.2M | 200.6M | 281.2M | 305.2M | 467.2M | 490.6M | |
| Total Other Income Expense Net | 21.2M | 7.5M | 8.2M | 600K | 467.2M | 490.6M | |
| Net Income Applicable To Common Shares | 17.4M | 153.9M | 213.2M | 252.6M | 290.5M | 305.0M | |
| Net Income | 17.4M | 153.9M | 213.2M | 252M | 350.1M | 367.6M | |
| Income Tax Expense | 3.8M | 46.7M | 68M | 52.6M | 112.7M | 118.3M |
Pair Trading with Definity Financial
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 Definity Financial 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 Definity Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Definity Stock
The ability to find closely correlated positions to Definity Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Definity Financial 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 Definity Financial - 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 Definity Financial Corp to buy it.
The correlation of Definity Financial 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 Definity Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Definity Financial Corp 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 Definity Financial 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.Other Information on Investing in Definity Stock
Definity Financial Corp 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 Definity Financial shareholders. The income statement also shows Definity 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).