Eltek Historical Income Statement
| ELTK Stock | USD 10.90 0.27 2.42% |
Historical analysis of Eltek income statement accounts such as Total Revenue of 38.2 M or Gross Profit of 13.8 M can show how well Eltek performed in making a profits. Evaluating Eltek income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Eltek's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Eltek 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 Eltek is a good buy for the upcoming year.
Eltek |
About Eltek Income Statement Analysis
Eltek 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 Eltek shareholders. The income statement also shows Eltek 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).
Eltek Income Statement Chart
Eltek Income Statement is one of the three primary financial statements used for reporting Eltek's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eltek revenue and expense. Eltek Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Eltek's Net Income is quite stable compared to the past year. Income Tax Expense is expected to rise to about 1.4 M this year, although the value of Other Operating Expenses will most likely fall to about 37.5 M. Add Fundamental
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 Eltek 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 Eltek minus its cost of goods sold. It is profit before Eltek 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 Eltek. It is also known as Eltek 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 Eltek income statement and represents the costs associated with goods and services Eltek 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Eltek financial statement analysis. It represents the amount of money remaining after all of Eltek operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Eltek's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Eltek 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.At this time, Eltek's Net Income is quite stable compared to the past year. Income Tax Expense is expected to rise to about 1.4 M this year, although the value of Other Operating Expenses will most likely fall to about 37.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 488K | 129K | 84K | 79.8K | Depreciation And Amortization | 1.8M | 1.5M | 1.3M | 1.7M |
Eltek income statement Correlations
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Eltek Account Relationship Matchups
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Eltek income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.5M | 1.6M | 1.8M | 1.5M | 1.3M | 1.7M | |
| Interest Expense | 306K | 337K | 488K | 129K | 84K | 79.8K | |
| Total Revenue | 34.8M | 36.7M | 33.8M | 39.7M | 46.7M | 38.2M | |
| Gross Profit | 6.0M | 7.7M | 6.9M | 8.3M | 13.1M | 13.8M | |
| Other Operating Expenses | 33.4M | 33.7M | 31.9M | 36.7M | 39.4M | 37.5M | |
| Operating Income | 1.4M | 3.0M | 1.9M | 3.0M | 7.3M | 7.7M | |
| Ebit | 1.4M | 3.0M | 1.9M | 3.0M | 7.3M | 7.7M | |
| Ebitda | 2.9M | 4.6M | 3.8M | 4.5M | 8.6M | 9.0M | |
| Cost Of Revenue | 28.8M | 29.0M | 26.9M | 31.4M | 33.6M | 31.9M | |
| Total Operating Expenses | 4.6M | 4.7M | 4.9M | 5.3M | 5.8M | 5.6M | |
| Net Income | 1.8M | 2.6M | 5.0M | 3.2M | 6.4M | 6.7M | |
| Income Tax Expense | 77K | 71K | (3.5M) | 664K | 1.4M | 1.4M | |
| Income Before Tax | 1.9M | 2.7M | 1.5M | 3.9M | 7.7M | 8.1M | |
| Total Other Income Expense Net | 483K | (353K) | (447K) | 887K | 422K | 443.1K | |
| Research Development | 16K | 2K | 78K | 92K | 85K | 53.6K | |
| Net Income Applicable To Common Shares | 1.8M | 2.6M | 5.0M | 3.2M | 2.9M | 3.0M | |
| Net Income From Continuing Ops | 1.8M | 2.6M | 5.0M | 3.2M | 6.4M | 6.7M | |
| Tax Provision | 77K | 71K | (3.5M) | 664K | 1.4M | 1.4M | |
| Interest Income | 298K | 475K | 440K | 0.0 | 148K | 192.9K | |
| Net Interest Income | (335K) | (337K) | (75K) | (137K) | 47K | 49.4K | |
| Reconciled Depreciation | 1.5M | 1.6M | 1.8M | 1.5M | 1.3M | 1.3M |
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 Eltek 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, Eltek's short interest history, or implied volatility extrapolated from Eltek options trading.
Pair Trading with Eltek
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 Eltek 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 Eltek will appreciate offsetting losses from the drop in the long position's value.Moving together with Eltek Stock
| 0.77 | LPL | LG Display Financial Report 20th of May 2024 | PairCorr |
Moving against Eltek Stock
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| 0.7 | WDC | Western Digital Report 13th of May 2024 | PairCorr |
| 0.67 | CDW | CDW Corp Financial Report 1st of May 2024 | PairCorr |
| 0.65 | DGII | Digi International Earnings Call This Week | PairCorr |
| 0.6 | KULR | KULR Technology Group Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Eltek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eltek 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 Eltek - 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 Eltek to buy it.
The correlation of Eltek 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 Eltek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eltek 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 Eltek 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Eltek Stock analysis
When running Eltek's price analysis, check to measure Eltek'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 Eltek is operating at the current time. Most of Eltek's value examination focuses on studying past and present price action to predict the probability of Eltek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eltek's price. Additionally, you may evaluate how the addition of Eltek to your portfolios can decrease your overall portfolio volatility.
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Is Eltek'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 Eltek. If investors know Eltek 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 Eltek 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 0.598 | Dividend Share 0.22 | Earnings Share 1.07 | Revenue Per Share 7.911 | Quarterly Revenue Growth 0.176 |
The market value of Eltek is measured differently than its book value, which is the value of Eltek that is recorded on the company's balance sheet. Investors also form their own opinion of Eltek's value that differs from its market value or its book value, called intrinsic value, which is Eltek'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 Eltek's market value can be influenced by many factors that don't directly affect Eltek'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 Eltek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eltek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eltek'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.