See more : Volue ASA (VOLUE.OL) Income Statement Analysis – Financial Results
Complete financial analysis of Ardmore Shipping Corporation (ASC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ardmore Shipping Corporation, a leading company in the Marine Shipping industry within the Industrials sector.
You may be interested
- PT. Chandra Asri Petrochemical Tbk (PTPIF) Income Statement Analysis – Financial Results
- Expert Systems Holdings Limited (8319.HK) Income Statement Analysis – Financial Results
- Samtex Fashions Limited (SAMTEX.BO) Income Statement Analysis – Financial Results
- Beard Energy Transition Acquisition Corp. (BRD-WT) Income Statement Analysis – Financial Results
- Silver One Resources Inc. (0THK.L) Income Statement Analysis – Financial Results
Ardmore Shipping Corporation (ASC)
About Ardmore Shipping Corporation
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 395.98M | 445.74M | 192.48M | 220.06M | 230.04M | 210.18M | 195.94M | 164.40M | 157.88M | 67.33M | 35.87M | 25.17M | 22.38M |
| Cost of Revenue | 242.61M | 250.21M | 188.04M | 121.01M | 128.38M | 133.28M | 107.01M | 67.21M | 54.29M | 21.86M | 10.91M | 8.68M | 7.47M |
| Gross Profit | 153.37M | 195.53M | 4.44M | 99.05M | 101.66M | 76.90M | 88.93M | 97.19M | 103.59M | 45.47M | 24.96M | 16.49M | 14.90M |
| Gross Profit Ratio | 38.73% | 43.87% | 2.31% | 45.01% | 44.19% | 36.59% | 45.39% | 59.12% | 65.61% | 67.53% | 69.58% | 65.50% | 66.59% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 20.57M | 24.11M | 19.20M | 17.90M | 18.15M | 15.86M | 14.60M | 14.08M | 10.75M | 8.18M | 5.67M | 2.98M | 2.60M |
| Selling & Marketing | 4.68M | 4.17M | 3.13M | 2.78M | 3.19M | 3.23M | 2.62M | 2.02M | 329.75K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 25.24M | 24.11M | 19.20M | 17.90M | 18.15M | 15.86M | 14.60M | 14.08M | 10.75M | 8.18M | 5.67M | 2.98M | 2.60M |
| Other Expenses | 0.00 | 11.97M | 5.17M | 62.55M | 67.35M | -3.64M | -2.92M | -2.72M | -2.12M | -2.03M | -1.42M | -441.49K | 0.00 |
| Operating Expenses | 25.24M | 36.08M | 24.37M | 80.45M | 85.50M | 86.52M | 80.41M | 73.19M | 59.29M | 39.66M | 25.31M | 18.01M | 14.79M |
| Cost & Expenses | 240.03M | 286.29M | 212.41M | 201.46M | 213.87M | 219.80M | 187.42M | 140.40M | 113.58M | 61.52M | 36.22M | 26.70M | 22.26M |
| Interest Income | 1.82M | 471.00K | 55.09K | 281.62K | 952.19K | 606.67K | 436.20K | 164.63K | 15.57K | 16.44K | 6.06K | 4.71K | 3.61K |
| Interest Expense | 11.41M | 15.54M | 16.77M | 18.17M | 26.76M | 27.41M | 21.38M | 17.75M | 12.28M | 4.12M | 3.46M | 2.71M | 2.79M |
| Depreciation & Amortization | 27.82M | 33.44M | 36.87M | 38.39M | 37.13M | 38.78M | 37.20M | 32.81M | 24.16M | 14.85M | 8.39M | 6.20M | 5.34M |
| EBITDA | 157.85M | 187.83M | 11.83M | 50.63M | 40.55M | 21.14M | 46.14M | 54.37M | 68.46M | 20.66M | 8.04M | 4.67M | 5.46M |
| EBITDA Ratio | 39.86% | 42.45% | 6.15% | 23.21% | 21.49% | 12.43% | 22.06% | 33.00% | 43.37% | 30.72% | 22.43% | 17.55% | 23.11% |
| Operating Income | 155.95M | 159.93M | -19.87M | 18.88M | 17.12M | -9.62M | 8.51M | 24.00M | 44.30M | 5.81M | -350.93K | -1.53M | 115.02K |
| Operating Income Ratio | 39.38% | 35.88% | -10.32% | 8.58% | 7.44% | -4.58% | 4.34% | 14.60% | 28.06% | 8.63% | -0.98% | -6.06% | 0.51% |
| Total Other Income/Expenses | -37.67M | -49.87M | -16.49M | -24.73M | -43.77M | -33.16M | -20.94M | -20.19M | -12.27M | -4.10M | -3.46M | -2.96M | -3.08M |
| Income Before Tax | 118.28M | 138.86M | -36.37M | -5.85M | -22.80M | -42.78M | -12.43M | 3.81M | 32.03M | 1.71M | -3.81M | -4.49M | -2.96M |
| Income Before Tax Ratio | 29.87% | 31.15% | -18.89% | -2.66% | -9.91% | -20.35% | -6.34% | 2.32% | 20.29% | 2.54% | -10.62% | -17.83% | -13.24% |
| Income Tax Expense | 435.00K | 207.00K | 149.59K | 199.45K | 58.77K | 162.92K | 59.57K | 60.43K | 79.86K | 46.75K | 33.73K | 51.24K | 13.43K |
| Net Income | 116.81M | 138.45M | -36.52M | -6.05M | -22.86M | -42.94M | -12.49M | 3.75M | 31.95M | 1.66M | -3.84M | -4.54M | -2.98M |
| Net Income Ratio | 29.50% | 31.06% | -18.97% | -2.75% | -9.94% | -20.43% | -6.37% | 2.28% | 20.24% | 2.47% | -10.71% | -18.03% | -13.30% |
| EPS | 2.76 | 3.63 | -1.08 | -0.18 | -0.69 | -1.31 | -0.37 | 0.12 | 1.23 | 0.07 | -0.31 | -0.56 | -0.37 |
| EPS Diluted | 2.71 | 3.52 | -1.08 | -0.18 | -0.69 | -1.31 | -0.37 | 0.12 | 1.23 | 0.07 | -0.31 | -0.56 | -0.37 |
| Weighted Avg Shares Out | 41.13M | 37.24M | 33.88M | 33.24M | 33.10M | 32.78M | 33.44M | 30.14M | 26.06M | 24.55M | 12.24M | 8.05M | 8.05M |
| Weighted Avg Shares Out (Dil) | 41.82M | 38.36M | 33.88M | 33.24M | 33.10M | 32.84M | 33.44M | 30.14M | 26.06M | 24.55M | 12.24M | 8.05M | 8.05M |
Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2024
HAMILTON, Bermuda , May 8, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three months ended March 31, 2024. Highlights and Recent Activity Reported net income and Adjusted earnings of...
Here's Why Ardmore Shipping (ASC) Gained But Lagged the Market Today
Ardmore Shipping (ASC) closed at $17.42 in the latest trading session, marking a +0.87% move from the prior day.
Is Ardmore Shipping (ASC) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Is Ardmore Shipping (ASC) Outperforming Other Transportation Stocks This Year?
Here is how Ardmore Shipping (ASC) and Cathay Pacific Airways Ltd. (CPCAY) have performed compared to their sector so far this year.
Analysts Estimate Ardmore Shipping (ASC) to Report a Decline in Earnings: What to Look Out for
Ardmore Shipping (ASC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ardmore Shipping (ASC) Outperforms Broader Market: What You Need to Know
Ardmore Shipping (ASC) concluded the recent trading session at $16.89, signifying a +1.62% move from its prior day's close.
Ardmore Shipping (ASC) Is a Great Choice for 'Trend' Investors, Here's Why
Ardmore Shipping (ASC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength"...
Ardmore Shipping Announces First Quarter 2024 Conference Call and Webcast
HAMILTON, Bermuda , April 24, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its first quarter earnings before the market opens Wednesday, May 8, 2024 and will host...
Wall Street Analysts Believe Ardmore Shipping (ASC) Could Rally 26.65%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 26.7% in Ardmore Shipping (ASC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into...
Dive Into Dividends: Top 10 Yield Stocks (SA Quant)
Recent market downturn due to inflation, high rates, geopolitics, and commodity costs presents dividend stock buying opportunities for higher yields, growth stability, and an inflation hedge. Dividend payments worldwide and in the U.S. hit all-time highs in 2023, a year...
Source: https://incomestatements.info
Category: Stock Reports