Reliance Historical Income Statement
| RELIW Stock | USD 0.03 0.02 35.90% |
Historical analysis of Reliance Global income statement accounts such as Gross Profit of 1.5 M, Other Operating Expenses of 29 M, Cost Of Revenue of 11.8 M or Total Operating Expenses of 17.2 M can show how well Reliance Global Group performed in making a profits. Evaluating Reliance Global income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Reliance Global's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Reliance Global Group 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 Reliance Global Group is a good buy for the upcoming year.
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About Reliance Income Statement Analysis
Reliance Global Group 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 Reliance Global shareholders. The income statement also shows Reliance 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).
Reliance Global Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Reliance Global Group 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 Reliance Global Group. It is also known as Reliance Global 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 Reliance Global Group income statement and represents the costs associated with goods and services Reliance Global 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 Reliance Global Group financial statement analysis. It represents the amount of money remaining after all of Reliance Global Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Reliance Global's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Reliance Global Group 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 Your Equity Center to better understand how to build diversified portfolios. 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, Reliance Global's Total Revenue is fairly stable compared to the past year. Other Operating Expenses is likely to climb to about 29 M in 2024, whereas Interest Expense is likely to drop slightly above 1.6 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 5.5M | 12.1M | 16.4M | 17.2M | Cost Of Revenue | 7.1M | 12.0M | 11.2M | 11.8M |
Reliance Global income statement Correlations
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Reliance Global Account Relationship Matchups
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Reliance Global income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Selling General Administrative | 3.6M | 4.2M | 3.6M | 6.7M | 4.1M | 2.7M | |
| Total Revenue | 4.5M | 7.3M | 9.7M | 16.8M | 13.7M | 14.4M | |
| Gross Profit | 1.4M | 2.1M | 2.6M | 4.8M | 2.5M | 1.5M | |
| Operating Income | (3.1M) | (3.6M) | 14.7M | (7.3M) | (13.9M) | (13.2M) | |
| Cost Of Revenue | 3.0M | 5.2M | 7.1M | 12.0M | 11.2M | 11.8M | |
| Income Before Tax | (3.5M) | (3.7M) | (21.1M) | 6.5M | (10.0M) | (9.5M) | |
| Net Income | (3.5M) | (3.2M) | (38.8M) | 34.6M | (12.0M) | (11.4M) |
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When running Reliance Global's price analysis, check to measure Reliance Global'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 Reliance Global is operating at the current time. Most of Reliance Global's value examination focuses on studying past and present price action to predict the probability of Reliance Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Global's price. Additionally, you may evaluate how the addition of Reliance Global to your portfolios can decrease your overall portfolio volatility.