How to Read Company Financial Statements (Basics Explained)

[@individualideals3953]

This is my third time watching this and I took notes my goal is to became familiar with financial statements so that I can trade better long term wise. Thank for this information 💯

[@system2thinker659]

The Intelligent Investor by Benjamin Graham is an excellent book for long-term investing. Buffett calls it the best financial book ever written.

[@gowrishangkarikrishnan3143]

omg you saved my life. I was having such a hard time understanding in class. now it's clear!

[@J.alv3z]

They teach this in school lol

[@georgecolacicco1957]

Excellent, the foundation and a necessity knowing what to look for in investing in publicly traded companies. I love listening to this guy.

[@samuelrapno7572]

Great video ! Loved the fact that you didn't go too much into details. As someone who feels like a balance sheet is a bunch of hieroglyphics it's good to have a general overview of the matter. Thank you for this 🙏

[@prathameshzingade6791]

Totally loved it. More ppl should watch this. Keep up the great work sir. What u r doing is just marvelous

[@theramseyclark]

Your voice has a wonderful tone, very pleasant to the ears. You must be a baritone singer? Great content.

[@iankirkby2217]

Really clear and helpful summary. Thank you!

[@drsingingeagle]

Thanks, mate! Now I need to watch it again and maybe write one for my own company.

[@adelvillanueva1054]

Good morning your vedio discuss it will helping us for the society. Hopefully I can fast to learn on it. Thanks alot Have a nice day sir.

[@BenjaminOrthodox]

Every retail investor should watch this video.

[@karenritzdavis8353]

GREAT take for learning how to understand FS's! This is defintely a SAVE! THANK YOU!!!

[@veliem3935]

I never thought I'd say this but I think this will be my first online course to spend money on... It's one of my goals for 2021💪🏾

[@Dough-jg8xp]

How did it go? Assuming you took a course?

[@veliem3935]

@@Dough-jg8xp I never got a chance, but I'mdoing second year in Real Estate so they'll be covering this this year..

[@Dough-jg8xp]

@@veliem3935 ah good hope it goes well:)

[@Dough-jg8xp]

@@veliem3935 im trying to get into stocks. Not because of all this meme shit. But try and make my money make money. haha

[@veliem3935]

@@Dough-jg8xp niceee, this is a great channel to start with

[@katerynaturchenko5727]

Very helpful overview in simple language. Thank you!

[@lahirudilanka7639]

very well explained.

[@Urs1nlysree]

Great Info Thanx for sharing Great Financial Knowledge 👍

[@darrylwilliams9338]

This was tremendously helpful. Thanks

[@mentourme]

great video very informative and simply to understand💯

[@veliem3935]

The more I learn the less I trade.. Thanks so much for helping me in my filtering process 🥺💕🙌🏾🇿🇦

[@thecapone45]

That’s a really good take. I like that. I’ve done the same. I stopped doing so many trades and prefer to make fewer, but smarter, trades.

[@veliem3935]

@@thecapone45 So true Toni👊🏽

[@depressedsoul7932]

If you can read all the financial reports of every company listed in your countries stock exchange and all the there history(Almost 10 year's history)and about all the management of these companies then you can earn upto 40 to 60 percent profit within 2 to 4 years because in stock markets you have to be fearless and patient 😉

[@markc5771]

@@thecapone45 I'm getting to this point myself. I guess that's the mark of knowing when you've crossed the threshold from beginner to intermediate

[@accountantintraining4752]

Me too...

[@lucasmoreira7680]

Thanks for the video! It helped me a lot!

[@ammiministry]

It would’ve been helpful if as you went through each section, you analyze what we were looking at, and explain the plus and minuses of this financial statement. For rookies like myself, just understanding what the sections represent without an explanation of the actual statement and what we can deduce from it, is difficult to assess. Please make a video that looks at a statement like you did, and explains whether this company is worth investing in, or are there is reasons to hesitate taking an investment step.

[@Duomoinitiative]

Thanks for the feedback and recommendation. ~ Nicholas

[@alexbuxton5018]

Yes definitely make a video on using ratios to compare, thanks for the vid as well, very useful

[@Duomoinitiative]

Thanks Alex, will do!

[@alexbuxton5018]

@@Duomoinitiative Sweet, looking forward to it!

[@ltsmash9544]

+1 mate. Love your work

[@suew9999]

Brilliant video, easy to follow and very helpful. Thank you

[@lairdherron8202]

Great video! Would love some case studies on how to leverage these three financial statements in concert to inform investment decisions

[@prathameshzingade6791]

Exactllyyy

[@Motiviz]

Helpful 🙏love from India🇮🇳

[@DanielMeleseAreda]

Thank you, very helpful.

[@saurabhbhadange408]

ur genius sir....tysm for such informative video

[@mauricehall8147]

Great presentation.

[@Shenaniganz_z]

Wooow.. So great and informative video man. So much helpful for the beginners to learn something into deep 🤤

[@Duomoinitiative]

Glad you found it useful Sagar!

[@Motiviz]

India🙏🤔💓

[@alessiomanago2099]

That's nice, it's interesting understand the different financial statement of a foreign country (I'm from italy). It would be awesome go further into this topic

[@aimbigkannada]

Wonderful teaching

[@AtchayaAtchaya-fl8kp]

Clear explanation

[@MasterKenfucius]

Thank you for the great explanation! This was awesome.

[@Duomoinitiative]

Glad it helped! Thanks Ken. ~ Nicholas

[@BLACKSTA361]

This was almost too easy. English is not my 1st language so when the teacher was explaining it I was abit confused. But 11 minutes and I understand betetr. Thank you

[@Duomoinitiative]

That's awesome to hear. Thanks! ~ Nicholas

[@ThomasMan48]

Thanks for the video, so helpful 👏👏

[@lilnamey3712]

best video out there!

[@phanbahadur70]

It's a very important video. Sir can you make a video where we can get promoters share holdings info ?

[@cristinamari082013]

Thanks so much! Really helpful 😊

[@taranazare2633]

Thank you for an excellent video

[@masterpiece2620]

Do you have detailed explanatory videos of these 3 statements and ratios and even how this 3 statements link with each other?

[@lifeisashow1813]

Can you do a in depth video on each of the statements and breakdown on some examples from companies? You explain it so well would love to watch a more in depth video!

[@Saad_TheGod]

Great Vid!

[@damikdoesthings]

hi! where can you find a database for fin statements?

[@龍徤]

Thank you, this video is really helpful

[@honeyzune7835]

I am so thankful to you, you are my teacher and KZbin is my school.

[@Duomoinitiative]

Happy to have helped! - Nicholas

[@garrattearle4738]

what to look for in readind whole financial report? Thanks Garratt

[@jihad_96]

Clear explanation, thanks

[@lowmett2165]

Hello. If Income statement data from QuickBooks and from tax return are different, is this normal?

[@gribox]

Thanks man, this really helped me. I took a lot of notes again thanks a lot.

[@swatjoshi577]

Thank you so much..

[@cameronhall5426]

Brilliant best video. Thank You

[@Duomoinitiative]

Thanks Cameron. ~ Nicholas

[@sardarnasir1839]

You the man

[@saasda6255]

First great video as always

[@RapidBlindfolds]

the company i'm looking at says '30' for profit and loss account in 2016 and '(957)' in 2015. what does this mean? why is one bracketed? why is one so much higher than the other?

[@Duomoinitiative]

In brackets means a negative number. So it would be a loss.

[@lifeisashow1813]

What is "Good Will" on the current asset?

[@scas7345]

Thank you sir for the information

[@ollovlogs]

thank you

[@pranayakhadka3507]

Thanks

[@MrSpotmefly]

great video but not for newbies or amateurs, as the technical lingo and the lack of associated to simple examples makes it difficult to implant knowledge and understanding. great video for experienced financial professionals who needs a refresher

[@OthmanAlikhan]

Thanks for the video =)

[@Respect_Chairs]

where can you find an indepth financial statement like this??

[@koolkrieg]

Nice video thank you

[@nunoalves6962]

Good one!

[@giacomosartini8714]

did you then manage to do the follow up video to analyse financial statements using ratios etc?

[@Duomoinitiative]

No, at the time this video didn't get many views, so we didn't go ahead with it. Since then it seems to have picked up a lot from search. We may put together the follow up videos. Thanks for watching. ~ Nicholas

[@ToHerbiarz]

Great

[@starzcrz1459]

Thanks bro

[@ExplainedExplanation]

Great stuff ! would you recommend any books ?

[@theodorevegh6030]

Read 1000 Financial Statements. You are now ready to pick the best 4 or 5 to invest in at this time. - TAV ♥️🇺🇸🌎👍

[@abdulrazakmansurahmed8852]

How can I learn how to trade

[@portfolio8848]

Not sure I understand how shareholders equity can be negative though I get that if liabilities are greater than assets then equity has to be negative just don't understand how that would look. You have shareholders equity which includes the market cap right? So how would the total equity be negative can you give an example

[@Mr.Bendoverr]

Aye thanks man

[@Duomoinitiative]

You're welcome! - Nicholas

[@sukmnmadahar5659]

Hello, can you please explain why figures in income statement are small numbers for ex- total revenue is just 4,751 and 3,975 ? is it in millions, billion? I never understood it. I mean Tesla’s a huge organization but these numbers are small. Moreover, for all the other companies income statement on yahoo finance are also like these. It would be great help.

[@Duomoinitiative]

It will usually be in millions, but it depends on the size of the company. Smaller businesses will often show it in thousands. It will usually say somewhere on the statement.

[@festusakano]

It was in millions, it was quoted at the top

[@maddavisdog07]

The real question is do these figures really project the future of the company? We all remember how Tesla was struggling to keep up with their debts and the demands for the cars. But look at the outcome of the Tesla.

[@gadeonmusic]

Like & subscribed

[@Miniatureraptor]

Then only thing I could ask you to do more of in this video Is to tell me how does things impact things. What affects what in the statements

[@yashin2068]

tnx! useful :)

[@Duomoinitiative]

You're welcome Yashin!

[@kingsleyugochukwu3704]

Thanks for the video but I've been wanting to ask this question, can a company make a false financial statements about their company to attract investors? If so can you know or spot the lie in it?

[@MegaNatebreezy]

Do I need to look at all 3 statements before choosing a company to invest in?

[@mr.sandman4172]

the two most important are income statement and balance sheet. Cash flow statement is important but if you can read the first two, you can pretty well decide if its an undervalued or overvalued investment.

[@jumppigdownhillmountainbik4184]

Hello buddy please make detailed vedio on this

[@Hey_Mack_jay]

FlashSEC software tool makes this easier

[@L8R2YA]

I can read them but don’t how to know if they are bad numbers 🤦🏻‍♂️

[@violatshali7314]

😹 I feel you

[@rumeshmadushanka3857]

❤❤❤❤❤❤❤❤❤

[@Pmz604]

This is DRY, but VALUBLE DRY

[@gggigito79]

this numbers are in milions right?

[@ferofiz]

10-Q Quarterly Statement 10-K Annual Statement

[@t1234-q5z]

Don't need to just buy the stonk

[@Maria-lw7xq]

britich accent

[@Duomoinitiative]

🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: kzbin.info

[@jaggertadeo7276]

I dont know if anyone cares at all but I just hacked my friends Instagram password by using Instaplekt. Find it on google enjoy!

[@MrThyten]

had to dislike cause of the flashing lights in the beginning sorry

[@Duomoinitiative]

Fair enough. - Nicholas

[@tannnerrr]

This is almost to basic lol

[@lizasilver3454]

Stupid he didn't say it is advanced

[@anonismust]

Forget fundamentals .. Just buy companies in uptrends and quit thinking your trade will cause a reversal. So hunting for “cheap” stock that’s in reality hasn’t had a higher low in years is a retailers game

[@Duomoinitiative]

Nothing “retail” about understanding the financials of a company you’re investing in!

[@haphewchus5933]

goodluck with ur trading career lol

[@Dakid015]

Guys, this is a guy you should avoid taking any stock advice from lol

[@Dough-jg8xp]

@@Dakid015 Noted. Thanks

[@Potencyfunction]

You should have all the formulas and keep in mind those two things in analysing rentability: if the index in liquidity ( logical liquidity math formula) is bellow 100 than, is not rentable and if you fucking look at assets turn over ratio, you will be amazed to see a cifer like 1 or 2.2 ( that means that your investment return has doubled if is 1 or if is 2 than is had doubled 2 times compared to your Start Capital investment.