Alto Historical Income Statement
| ALTO Stock | USD 1.48 0.05 3.27% |
Historical analysis of Alto Ingredients income statement accounts such as Interest Expense of 7.9 M, Selling General Administrative of 21.5 M or Selling And Marketing Expenses of 790.1 K can show how well Alto Ingredients performed in making a profits. Evaluating Alto Ingredients income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Alto Ingredients's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Alto Ingredients 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 Alto Ingredients is a good buy for the upcoming year.
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About Alto Income Statement Analysis
Alto Ingredients 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 Alto Ingredients shareholders. The income statement also shows Alto 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).
Alto Ingredients Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Alto Ingredients 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Alto Ingredients. It is also known as Alto Ingredients 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.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Alto Ingredients income statement and is an important metric when analyzing Alto Ingredients profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Alto Ingredients' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Alto Ingredients 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alto Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Alto Stock, please use our How to Invest in Alto Ingredients guide.At this time, Alto Ingredients' Interest Expense is very stable compared to the past year. As of the 22nd of December 2024, Selling And Marketing Expenses is likely to grow to about 790.1 K, while Depreciation And Amortization is likely to drop about 17.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 29.2M | 8.9M | 32.7M | 20.3M | Cost Of Revenue | 1.1B | 1.4B | 1.2B | 882.3M |
Alto Ingredients income statement Correlations
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Alto Ingredients Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Alto Ingredients income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 29.4M | 30.3M | 23.3M | 25.1M | 23.1M | 17.8M | |
| Interest Expense | 20.2M | 17.9M | 3.6M | 1.8M | 7.4M | 7.9M | |
| Selling General Administrative | 35.5M | 32.0M | 29.2M | 31.6M | 31.8M | 21.5M | |
| Total Revenue | 1.4B | 897.0M | 1.2B | 1.3B | 1.2B | 759.7M | |
| Gross Profit | (9.9M) | 52.9M | 67.8M | (27.6M) | 15.7M | 13.2M | |
| Other Operating Expenses | 1.5B | 876.1M | 1.2B | 1.4B | 1.2B | 767.2M | |
| Operating Income | (74.7M) | (18.6M) | 16.5M | (61.4M) | (23.8M) | (25.0M) | |
| Ebit | (74.7M) | 20.9M | 38.6M | (37.8M) | (20.5M) | (19.5M) | |
| Ebitda | (45.3M) | 51.1M | 61.9M | (12.8M) | 2.6M | 2.5M | |
| Cost Of Revenue | 1.4B | 844.2M | 1.1B | 1.4B | 1.2B | 882.3M | |
| Total Operating Expenses | 35.5M | 32.0M | 29.2M | 8.9M | 32.7M | 20.3M | |
| Income Before Tax | (101.3M) | (17.3M) | 47.6M | (39.7M) | (27.9M) | (29.3M) | |
| Total Other Income Expense Net | (26.6M) | (27.2M) | 7.5M | 21.7M | (4.1M) | (4.3M) | |
| Net Income | (101.3M) | (17.3M) | 46.1M | (41.6M) | (28.0M) | (29.4M) | |
| Income Tax Expense | (20K) | (17K) | 1.5M | 1.9M | 97K | 101.9K | |
| Net Income Applicable To Common Shares | (90.2M) | (16.4M) | 44.2M | (42.9M) | (49.3M) | (51.8M) | |
| Tax Provision | (20K) | (17K) | 1.5M | 1.9M | 2.2M | 2.3M | |
| Net Interest Income | (20.2M) | (17.9M) | (3.6M) | (1.8M) | (6.3M) | (6.6M) | |
| Net Income From Continuing Ops | (101.3M) | (17.3M) | 46.1M | (41.6M) | (42.1M) | (44.2M) | |
| Reconciled Depreciation | 47.9M | 30.3M | 23.3M | 25.1M | 23.4M | 26.2M |
Pair Trading with Alto Ingredients
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 Alto Ingredients 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 Alto Ingredients will appreciate offsetting losses from the drop in the long position's value.Moving together with Alto Stock
Moving against Alto Stock
| 0.64 | ECVT | Ecovyst | PairCorr |
| 0.5 | ALB-PA | Albemarle | PairCorr |
| 0.5 | ALB | Albemarle Corp | PairCorr |
| 0.48 | ESI | Element Solutions Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Alto Ingredients could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alto Ingredients 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 Alto Ingredients - 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 Alto Ingredients to buy it.
The correlation of Alto Ingredients 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 Alto Ingredients moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alto Ingredients 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 Alto Ingredients 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Alto Ingredients. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Alto Stock, please use our How to Invest in Alto Ingredients guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Oil & Gas Refining & Marketing 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 Alto Ingredients. If investors know Alto 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 Alto Ingredients 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 (0.66) | Earnings Share (0.51) | Revenue Per Share 13.684 | Quarterly Revenue Growth (0.21) | Return On Assets (0.03) |
The market value of Alto Ingredients is measured differently than its book value, which is the value of Alto that is recorded on the company's balance sheet. Investors also form their own opinion of Alto Ingredients' value that differs from its market value or its book value, called intrinsic value, which is Alto Ingredients' 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 Alto Ingredients' market value can be influenced by many factors that don't directly affect Alto Ingredients' 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 Alto Ingredients' value and its price as these two are different measures arrived at by different means. Investors typically determine if Alto Ingredients is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alto Ingredients' 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.