Kaixin Historical Income Statement
| KXIN Stock | USD 1.98 0.02 1.02% |
Historical analysis of Kaixin Auto income statement accounts such as Gross Profit of 324.9 K can show how well Kaixin Auto Holdings performed in making a profits. Evaluating Kaixin Auto income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Kaixin Auto's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Kaixin Auto Holdings 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 Kaixin Auto Holdings is a good buy for the upcoming year.
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About Kaixin Income Statement Analysis
Kaixin Auto Holdings 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 Kaixin Auto shareholders. The income statement also shows Kaixin 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).
Kaixin Auto Income Statement Chart
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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 Kaixin Auto's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Kaixin Auto Holdings 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kaixin Auto Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Kaixin Auto's Selling General Administrative is very stable compared to the past year. As of the 28th of November 2024, Total Operating Expenses is likely to grow to about 33.1 M, while Discontinued Operations is likely to drop (717.3 K).
Kaixin Auto income statement Correlations
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Kaixin Auto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kaixin Auto income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 4.1M | 1.2M | 245K | 1.0M | 525K | 498.8K | |
| Selling General Administrative | 36.1M | 6.8M | 43.7M | 46.5M | 18.0M | 23.9M | |
| Total Revenue | 334.7M | 33.2M | 253.8M | 82.8M | 31.5M | 30.0M | |
| Gross Profit | (5.5M) | 1M | 5.3M | 646K | 342K | 324.9K | |
| Other Operating Expenses | 394.0M | 42.3M | 303.9M | 145.9M | 52.5M | 49.9M | |
| Operating Income | (133.4M) | (9.2M) | (50.1M) | (63.1M) | (21.0M) | (22.0M) | |
| Net Income From Continuing Ops | (69.1M) | (5.3M) | (195.9M) | (84.6M) | (53.6M) | (56.2M) | |
| Ebit | (133.4M) | (165K) | (196.4M) | (83.5M) | (53.3M) | (55.9M) | |
| Research Development | 4.0M | 4.4M | 3.4M | 757K | 870.6K | 827.0K | |
| Cost Of Revenue | 340.2M | 32.2M | 248.6M | 82.2M | 31.2M | 29.6M | |
| Total Operating Expenses | 53.9M | 10.2M | 55.4M | 63.7M | 21.3M | 33.1M | |
| Income Before Tax | (71.0M) | (6.8M) | (196.7M) | (84.5M) | (53.8M) | (56.5M) | |
| Total Other Income Expense Net | 62.4M | 110K | (14.0M) | (21.5M) | (32.8M) | (31.2M) | |
| Net Income Applicable To Common Shares | (46.1M) | (5.3M) | (196.6M) | (84.7M) | (76.2M) | (80.0M) | |
| Net Income | (69.1M) | (5.3M) | (195.9M) | (84.6M) | (53.6M) | (56.2M) | |
| Income Tax Expense | (1.9M) | (1.5M) | (729K) | 74K | (228K) | (216.6K) | |
| Minority Interest | 7.1M | 7.6M | (651K) | (87K) | (9K) | (8.6K) | |
| Net Interest Income | (4.0M) | (1.2M) | (245K) | (1.0M) | (525K) | (551.3K) | |
| Ebitda | (58.4M) | 3K | (195.6M) | (81.8M) | (50.8M) | (53.3M) | |
| Tax Provision | (1.9M) | (1.5M) | (729K) | 74K | (228K) | (239.4K) | |
| Depreciation And Amortization | 75M | 168K | 787K | 1.7M | 2.5M | 2.4M | |
| Selling And Marketing Expenses | 14.4M | 2.6M | 481K | 2.1M | 3.3M | 6.3M |
Pair Trading with Kaixin Auto
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 Kaixin Auto 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 Kaixin Auto will appreciate offsetting losses from the drop in the long position's value.Moving together with Kaixin Stock
Moving against Kaixin Stock
| 0.46 | GME | GameStop Corp Aggressive Push | PairCorr |
| 0.4 | ABG | Asbury Automotive | PairCorr |
| 0.37 | EYE | National Vision Holdings | PairCorr |
| 0.35 | WEYS | Weyco Group | PairCorr |
| 0.33 | JFBR | Jeffs Brands | PairCorr |
The ability to find closely correlated positions to Kaixin Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kaixin Auto 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 Kaixin Auto - 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 Kaixin Auto Holdings to buy it.
The correlation of Kaixin Auto 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 Kaixin Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kaixin Auto Holdings 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 Kaixin Auto 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kaixin Auto Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Automotive Retail 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 Kaixin Auto. If investors know Kaixin 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 Kaixin Auto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (129.04) | Revenue Per Share 18.145 | Quarterly Revenue Growth (0.74) | Return On Assets (0.48) | Return On Equity (1.34) |
The market value of Kaixin Auto Holdings is measured differently than its book value, which is the value of Kaixin that is recorded on the company's balance sheet. Investors also form their own opinion of Kaixin Auto's value that differs from its market value or its book value, called intrinsic value, which is Kaixin Auto'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 Kaixin Auto's market value can be influenced by many factors that don't directly affect Kaixin Auto'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 Kaixin Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kaixin Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kaixin Auto'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.