WORK Historical Income Statement
| WOK Stock | 5.46 0.75 15.92% |
Historical analysis of WORK Medical income statement accounts such as Tax Provision of 40.2 K, Interest Expense of 359.7 K, Selling General Administrative of 3.1 M or Total Revenue of 11.6 M can show how well WORK Medical Technology performed in making a profits. Evaluating WORK Medical income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of WORK Medical's future profits or losses.
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About WORK Income Statement Analysis
WORK Medical Technology 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 WORK Medical shareholders. The income statement also shows WORK 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).
WORK Medical Income Statement Chart
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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.Total Revenue
Total revenue comprises all receipts WORK Medical Technology 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 WORK Medical Technology minus its cost of goods sold. It is profit before WORK Medical 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.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from WORK Medical's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into WORK Medical Technology 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in WORK Medical Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. At this time, WORK Medical's Minority Interest is quite stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.4M | 4.1M | 3.7M | 5.6M | Total Revenue | 19.7M | 13.6M | 12.2M | 11.6M |
WORK Medical income statement Correlations
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WORK Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WORK Medical. If investors know WORK will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WORK Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of WORK Medical Technology is measured differently than its book value, which is the value of WORK that is recorded on the company's balance sheet. Investors also form their own opinion of WORK Medical's value that differs from its market value or its book value, called intrinsic value, which is WORK Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WORK Medical's market value can be influenced by many factors that don't directly affect WORK Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WORK Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if WORK Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WORK Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.