Sorl Auto Parts Income Statement - Quarterly (NASDAQ:SORL)

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$2.98 $0.2 (6.15%) SORL stock closing price Jan 17, 2017 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Sorl Auto Parts stock price alone is not sufficient. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the SORL stock is bound to reflect the impact of the QoQ decline of $11.66M. One also needs to look at Sorl Auto Parts assets, operating expenses and Sorl Auto Parts free cash flow. The profit and loss statement shows revenue of $61.88M for 2016-Q3. Revenue has decreased by $11.66M QoQ for SORL stock. View details of revenue and profits for Sorl Auto Parts for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Sorl Auto Parts Net Sales or Revenues
61.88M73.54M53.84M56.9M50.32M59.28M52.2M63.2M58.7M65.72M
Cost Of Goods Sold (COGS)43.24M52.94M39.39M41.42M36.62M42.74M38.46M45.75M43.24M47.2M
Sorl Auto Parts Gross Profit
18.63M20.59M14.43M15.46M13.7M16.52M13.73M17.51M15.46M18.51M
Research & Development Expense2.4M2.37M1.74M1.53M2.26M1.85M1.71M1.67M2.24M2.2M
Selling General & Admin Expense12.49M10.54M11.57M7.82M9.98M12.03M7.48M10.06M9.08M10.63M
Income Before Depreciation Depletion Amortization3.73M7.66M1.11M6.13M1.45M2.63M4.53M5.79M4.13M5.67M
Depreciation Depletion Amortization----------
Non Operating Income0.51M1.78M-0.49M0.6M1.78M0.86M-0.16M1.02M-0.57M-0.44M
Interest Expense0.21M0.12M0.17M0.47M0.39M0.24M0.16M1.13M--
Sorl Auto Parts Pretax Income
4.03M9.32M0.44M6.25M2.84M3.26M4.2M5.69M3.55M5.23M
Provision for Income Taxes0.43M1.27M-0.03M-0.17M0.42M0.79M0.99M1.32M0.39M0.65M
Minority Interest0.35M0.8M0.04M0.49M0.37M0.2M0.15M0.37M0.26M0.44M
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations3.24M7.24M0.43M5.9M2.42M2.26M3.05M4.3M3.16M4.13M
Extraordinary Items & Discontinued Operations----------
Sorl Auto Parts Net Income (Profit/Loss)
3.24M7.24M0.43M5.9M2.42M2.26M3.05M4.3M3.16M4.13M
Average Shares used to compute Diluted EPS19.31M19.31M19.31M19.03M19.31M18.85M19.31M21.5M19.31M19.31M
Average Shares used to compute Basic EPS19.31M19.31M19.31M19.03M19.31M18.85M19.31M21.5M19.31M19.31M
Income Before Nonrecurring Items3.24M7.24M0.43M5.9M2.42M2.26M3.05M4.3M3.16M4.13M
Income from Nonrecurring Items----------
Sorl Auto Parts Earnings Per Share Basic Net
0.170.370.020.310.110.120.160.200.150.21
Sorl Auto Parts Earnings Per Share Diluted Net
0.170.370.020.310.110.120.160.200.150.21
EPS Diluted Before Nonrecurring Items0.170.370.020.310.110.120.160.200.150.21
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common----------
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Sorl Auto Parts stock analysis are:
  • Topline: A growing topline, as seen from the Sorl Auto Parts revenue chart, as is not the case with Sorl Auto Parts indicates a sagging business. One needs to compare the QoQ or YoY topline growth of SORL stock with its peers like FSYS stock and ZX stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $61.88M - other expenses = $3.24M for SORL stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Sorl Auto Parts historical stock prices provides a lot of details about the firm. .

Sorl Auto Parts Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
3.4200
PS ratio (
price sales ratio
)
0.2334
Operating margin
6
Net profit margin
5.2
Dividend yield
0%