Envela Historical Income Statement

ELA
 Stock
  

USD 6.98  0.12  1.69%   

Historical analysis of Envela Corp income statement accounts such as Earning Before Interest and Taxes EBIT of 11.7 M or Gross Profit of 25.9 M can show how well Envela Corp performed in making a profits. Evaluating Envela Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Envela Corp's future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Envela 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 Envela Corp is a good buy for the upcoming year.
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Envela Corp Net Income

10.84 Million

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About Envela Income Statement Analysis

Envela 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 Envela Corp shareholders. The income statement also shows Envela 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).

Envela Corp Income Statement Chart

Envela Corp Income Statement is one of the three primary financial statements used for reporting Envela's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Envela Corp revenue and expense. Envela Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Envela Corp Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 10.05 Million. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 11.7 M, whereas Cost of Revenue is forecasted to decline to about 88.6 M.

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of Net Income Available to Non-controlling Interests.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Envela Corp financial statement analysis. It represents the amount of money remaining after all of Envela Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Revenues

Revenues refers to the total amount of money received by Envela Corp for goods sold or services provided during a certain time period. It also includes all of Envela Corp sales as well as any other increase in Envela Corp equity.Revenues are reported on Envela Corp income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.
Most accounts from Envela Corp income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Envela 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. Continue to Investing Opportunities.Envela Corp Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 10.05 Million. The current year Earning Before Interest and Taxes EBIT is expected to grow to about 11.7 M, whereas Cost of Revenue is forecasted to decline to about 88.6 M.
 2019 2020 2021 2022 (projected)
Interest Expense414.96 K620.5 K704.05 K595.98 K
Gross Profit16.26 M23.07 M31.22 M25.95 M

Envela Corp income statement Correlations

Envela Corp Account Relationship Matchups

Envela Corp income statement Accounts

201720182019202020212022 (projected)
Consolidated Income1.84 M657.68 K2.78 M6.38 M10.05 M10.84 M
Cost of Revenue50.71 M44.38 M65.77 M90.85 M109.74 M88.62 M
Earning Before Interest and Taxes EBIT2.04 M867.9 K3.29 M7.09 M10.87 M11.72 M
Earning Before Interest and Taxes USD2.04 M867.9 K3.29 M7.09 M10.87 M11.72 M
Gross Profit11.29 M9.68 M16.26 M23.07 M31.22 M25.95 M
Interest Expense199.24 K149.54 K414.96 K620.5 K704.05 K595.98 K
Net Income1.84 M657.68 K2.78 M6.38 M10.05 M10.84 M
Net Income Common Stock1.84 M657.68 K2.78 M6.38 M10.05 M10.84 M
Net Income Common Stock USD1.84 M657.68 K2.78 M6.38 M10.05 M10.84 M
Operating Expenses9.33 M9.03 M13.01 M16.28 M21.72 M17.55 M
Operating Income1.95 M651.43 K3.24 M6.79 M9.5 M10.25 M
Revenues61.99 M54.06 M82.02 M113.92 M140.97 M111.98 M
Revenues USD61.99 M54.06 M82.02 M113.92 M140.97 M111.98 M
Selling General and Administrative Expense8.98 M8.7 M12.49 M15.55 M20.8 M16.81 M
Weighted Average Shares13.21 M26.92 M26.92 M26.92 M30.96 M27.22 M
Weighted Average Shares Diluted13.21 M27.44 M27.02 M26.94 M30.98 M27.28 M
Income Tax Expense1.22 K60.67 K95.12 K89.62 K112.81 K99.51 K

Envela Corp Investors Sentiment

The influence of Envela Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Envela. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Envela Corp Implied Volatility

    
  133.73  
Envela Corp's implied volatility exposes the market's sentiment of Envela Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Envela Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Envela Corp stock will not fluctuate a lot when Envela Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Envela Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Envela Corp's short interest history, or implied volatility extrapolated from Envela Corp options trading.

Current Sentiment - ELA

Envela Corp Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Envela Corp. What is your opinion about investing in Envela Corp? Are you bullish or bearish?
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Pair Trading with Envela Corp

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

Envela Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp is a statistical measure of how it moves in relation to other equities. 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela 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 Envela Corp 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 CorrelationCorrelation Matching
Continue to Investing Opportunities. Note that the Envela Corp information on this page should be used as a complementary analysis to other Envela Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for Envela Stock analysis

When running Envela Corp price analysis, check to measure Envela Corp'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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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Is Envela Corp's industry 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 Envela Corp. If investors know Envela 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 Envela Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.41
Market Capitalization
191.2 M
Quarterly Revenue Growth YOY
0.86
Return On Assets
0.13
Return On Equity
0.43
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Envela Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.