[Earnings 101] Three Major Earnings Statements, Your first Step to Get Rich
Last week ushered in the stock market "performance Feast"! Hot stocks, Tesla $Tesla (TSLA.US)$ and Apple $Apple (AAPL.US)$ have released earnings, while GME $GameStop (GME.US)$ and AMC $AMC Entertainment (AMC.US)$ have driven a new wave, causing heated discussion. In the light of Alibaba $Alibaba (BABA.US)$ 2021 Q3 earnings report, it shows that the monthly active users of Taobao Special Edition exceed 100 million, conquering new markets. Next, Nokia $Nokia Oyj (NOK.US)$ and Snap $Snap Inc (SNAP.US)$ earnings calls will be broadcast via @moo_Live ! Let's learn how to analyze the three core earnings statements, join the discussion and have fun!
Income Statement
The income statement summarizes the company's income and expenses during a certain period.The indicators worth attention are revenue, net income and operating profit.
Revenue, which reflects the profitability of the company's various businesses, especially the main business, is the first one we should understand. Then, net income and operating profit are more important, because they are the core profit of a company and the embodiment of sustained competitiveness.
In the 2021Q1 earnings report released by Apple $Apple (AAPL.US)$ this week, its quarterly revenue exceeded $100 billion for the first time! Cook also had difficulty restraining his joy at the analyst meeting, "We cannot be more optimistic. If it were not for the impact of the new crown epidemic, the performance might have been better."
Balance Sheet
The balance sheet is to report the company's assets, liabilities, and owners' equity at a specific point in time. Its basic structure: assets = liabilities + owner's equity.
Here we need to analyze the company's cash, deposits, short-term investments, receivables and payables, inventory, etc. The increase in current assets compared to previous years indicates that the company's ability to pay and liquidity has increased.
Cash Flow Statement
It expresses the change of an institution’s cash (including bank deposits) during a fixed period (usually monthly or quarterly). The cash flow statement can show the company's short-term debt repayment ability, stability and the company's investment activities.
Tesla $Tesla (TSLA.US)$ once again raised $5 billion through a stock offering and the company expects to see a large number of convertible bonds converted into stocks due to the sharp rise in stock prices. With the possibility of GAAP net profit approaching $1 billion, coupled with hundreds of millions of dollars in depreciation and stock-based compensation, Tesla gave a decent free cash flow data report.
The nice picture of Tesla Model Y brings us to the end. Come to the comments to talk about what else you want to know!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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treydongui :
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71394769 treydongui : 'KJ