Many new investors are scared of financial statements. I don't blame them. Us accountants complicate the simplest things to keep ourselves employed😂
Let me show you guys the Income Statement first. You honestly just need 3 numbers. Trus bob💃
Short 🧵
Let me show you guys the Income Statement first. You honestly just need 3 numbers. Trus bob💃
Short 🧵
Look at all these numbers😭 I would also wanna run away.
But you just need the 3 that I have highlighted.
This is Shoprite's Income Statement. I can see revenues are growing, net profits are growing and the gross profit is solid. That's all you need.
But you just need the 3 that I have highlighted.
This is Shoprite's Income Statement. I can see revenues are growing, net profits are growing and the gross profit is solid. That's all you need.
Numbers mean less than nothing if you don't compare them to something else.
A quick look an Pick n Pay below, makes Shoprite almost a no-brainer in terms of Income Statement strength.
A quick look an Pick n Pay below, makes Shoprite almost a no-brainer in terms of Income Statement strength.
But what if a company is making losses? Do you just walk away?
NO!!!
You have 2 extra numbers I need you to check. See below⬇️
NO!!!
You have 2 extra numbers I need you to check. See below⬇️
Digest that. This afternoon you guys get the:
Balance Sheet 3 numbers
Cash flow statement 1 number
Balance Sheet 3 numbers
Cash flow statement 1 number
Please use app.tikr.com to Financial Statements. All JSE and USD financials in one place and you can do quick comparisons 📚
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