HP Historical Income Statement
| HPQ Stock | USD 34.66 4.44 11.36% |
Historical analysis of HP income statement accounts such as Total Revenue of 63.7 B or Gross Profit of 16.2 B can show how well HP Inc performed in making a profits. Evaluating HP income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of HP's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining HP 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 HP Inc is a good buy for the upcoming year.
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About HP Income Statement Analysis
HP 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 HP shareholders. The income statement also shows HP 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).
HP Income Statement Chart
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Total Revenue
Total revenue comprises all receipts HP 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 HP Inc minus its cost of goods sold. It is profit before HP 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 HP Inc. It is also known as HP 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.Operating Income
Operating Income is the amount of profit realized from HP 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 HP 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.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from HP's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into HP 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HP 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 american community survey. At this time, HP's Income Before Tax is relatively stable compared to the past year. As of 11/28/2024, Selling General Administrative is likely to grow to about 6.8 B, while Cost Of Revenue is likely to drop slightly above 47.4 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 359M | 548M | 630.2M | 598.7M | Depreciation And Amortization | 228.5K | 841M | 967.2M | 918.8M |
HP income statement Correlations
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HP Account Relationship Matchups
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HP income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 786M | 781M | 228.5K | 841M | 967.2M | 918.8M | |
| Interest Expense | 239M | 254M | 359M | 548M | 630.2M | 598.7M | |
| Total Revenue | 56.6B | 63.5B | 63.0B | 53.7B | 61.8B | 63.7B | |
| Gross Profit | 10.4B | 13.4B | 12.3B | 11.5B | 13.2B | 16.2B | |
| Other Operating Expenses | 52.7B | 57.9B | 57.7B | 50.3B | 57.8B | 58.6B | |
| Operating Income | 3.5B | 5.3B | 4.7B | 3.5B | 4.0B | 5.6B | |
| Ebit | 3.5B | 7.8B | 6.6B | 3.6B | 4.2B | 5.9B | |
| Ebitda | 4.3B | 8.6B | 6.6B | 4.5B | 5.1B | 8.1B | |
| Cost Of Revenue | 46.2B | 50.1B | 50.6B | 42.2B | 48.5B | 47.4B | |
| Total Operating Expenses | 6.5B | 7.8B | 7.1B | 8.1B | 9.3B | 11.1B | |
| Income Before Tax | 3.2B | 7.5B | 4.4B | 2.9B | 3.4B | 3.9B | |
| Net Income | 2.8B | 6.5B | 3.1B | 3.3B | 3.8B | 3.1B | |
| Income Tax Expense | 387M | 1.0B | 1.2B | (326M) | (374.9M) | (356.2M) | |
| Total Other Income Expense Net | (231M) | 2.2B | (235M) | (519M) | (467.1M) | (490.5M) | |
| Selling General Administrative | 5.4B | 5.1B | 5.7B | 5.3B | 4.7B | 6.8B | |
| Selling And Marketing Expenses | 5.4B | 214M | 37M | 5.3B | 6.1B | 3.3B | |
| Research Development | 1.5B | 1.9B | 1.6B | 1.6B | 1.4B | 2.1B | |
| Net Income Applicable To Common Shares | 2.8B | 6.5B | 3.2B | 3.3B | 2.9B | 3.7B | |
| Net Income From Continuing Ops | 2.8B | 6.5B | 3.2B | 3.3B | 2.9B | 3.4B | |
| Tax Provision | 387M | 1.0B | 1.2B | (326M) | (374.9M) | (356.2M) | |
| Interest Income | 347M | 231M | 2.2B | 235M | 270.3M | 256.7M | |
| Net Interest Income | (231M) | 2.2B | (235M) | (519M) | (596.9M) | (567.0M) | |
| Reconciled Depreciation | 789M | 785M | 780M | 850M | 977.5M | 759M |
Pair Trading with HP
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 HP 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 HP will appreciate offsetting losses from the drop in the long position's value.Moving against HP Stock
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The ability to find closely correlated positions to HP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HP 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 HP - 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 HP Inc to buy it.
The correlation of HP 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 HP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HP 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 HP 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 HP Stock Analysis
When running HP's price analysis, check to measure HP'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 HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.