What is an Income Statement?
The income statement indicates a company's financial performance measured over a reporting period. Performance is assessed by summarising how the business incurs its revenues, expenses and net profit or loss incurred over the period. It's also called the P&L statement
Under this Category, there are three imperative indicators that could help analyse the momentum of the company.
- Industry revenue growth
- Industry Net income
- Market Share
Each and every script is compared to the above metrics on a 5-year timeline.
For Example, the below image shows the income statement for - 'INFOSYS LTD'
In this case, the company's revenue growth and market shares have seen incremental growth over the last 5 years compared to the growth of the specific industry.