Rio Historical Income Statement
RIO Stock | 4,757 63.00 1.31% |
Historical analysis of Rio Tinto income statement accounts such as Other Operating Expenses of 20.4 B, Operating Income of 7.5 B, EBIT of 16.5 B or Research Development of 148.1 M can show how well Rio Tinto PLC performed in making a profits. Evaluating Rio Tinto income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Rio Tinto's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Rio Tinto PLC 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 Rio Tinto PLC is a good buy for the upcoming year.
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About Rio Income Statement Analysis
Rio Tinto PLC 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 Rio Tinto shareholders. The income statement also shows Rio 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).
Rio Tinto 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.Total Revenue
Total revenue comprises all receipts Rio Tinto PLC 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 Rio Tinto PLC minus its cost of goods sold. It is profit before Rio Tinto 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 Rio Tinto PLC. It is also known as Rio Tinto 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.Cost Of Revenue
Cost of Revenue is found on Rio Tinto PLC income statement and represents the costs associated with goods and services Rio Tinto provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Rio Tinto's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Rio Tinto PLC 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 Rio Tinto PLC. 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 present, Rio Tinto's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's EBIT is expected to grow to about 16.5 B, whereas Gross Profit is forecasted to decline to about 19.4 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 592M | 1.9B | 2.0B | 2.1B | Depreciation And Amortization | 4.7B | 5.0B | 5.3B | 5.6B |
Rio Tinto income statement Correlations
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Rio Tinto Account Relationship Matchups
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Rio Tinto income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 4.4B | 4.3B | 4.7B | 5.0B | 5.3B | 5.6B | |
Interest Expense | 938M | 645M | 592M | 1.9B | 2.0B | 2.1B | |
Total Revenue | 43.2B | 44.6B | 63.5B | 55.6B | 54.0B | 28.6B | |
Gross Profit | 26.8B | 29.1B | 44.9B | 34.3B | 32.4B | 19.4B | |
Other Operating Expenses | 27.9B | 26.9B | 33.4B | 35.7B | 39.2B | 20.4B | |
Operating Income | 15.9B | 16.8B | 29.8B | 19.9B | 14.8B | 7.5B | |
Ebit | 12.1B | 17.4B | 31.4B | 20.5B | 15.7B | 16.5B | |
Ebitda | 16.4B | 21.7B | 36.1B | 25.5B | 21.1B | 22.1B | |
Total Operating Expenses | 27.9B | 26.9B | 33.4B | 35.7B | 17.6B | 18.7B | |
Income Before Tax | 11.1B | 15.4B | 30.8B | 18.7B | 13.8B | 7.1B | |
Total Other Income Expense Net | (347M) | (1.4B) | 1.0B | (1.3B) | (1.0B) | (986.1M) | |
Net Income | 8.0B | 9.8B | 21.1B | 12.4B | 10.1B | 10.6B | |
Income Tax Expense | 4.1B | 5.0B | 8.3B | 5.6B | 3.8B | 2.3B | |
Net Income Applicable To Common Shares | 8.0B | 9.8B | 21.1B | 12.4B | 14.3B | 7.2B | |
Minority Interest | 4.7B | 4.8B | (1.5B) | (656M) | 105M | 99.8M | |
Selling General Administrative | 3.3B | 2.7B | 3.5B | 4.3B | 5.3B | 4.0B | |
Cost Of Revenue | 16.4B | 15.5B | 18.6B | 21.3B | 21.6B | 15.6B | |
Selling And Marketing Expenses | 2.3B | 2.1B | 3.3B | 3.1B | 2.8B | 2.1B | |
Net Income From Continuing Ops | 7.0B | 10.4B | 22.6B | 13.1B | 10.0B | 9.6B | |
Tax Provision | 4.1B | 5.0B | 8.3B | 5.6B | 3.8B | 5.0B | |
Net Interest Income | (634M) | (504M) | (597M) | (1.7B) | (1.4B) | (1.5B) | |
Reconciled Depreciation | 4.4B | 4.3B | 4.7B | 5.0B | 5.3B | 5.0B |
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Rio Tinto PLC 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 Rio Tinto shareholders. The income statement also shows Rio 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).