Shengkai Innovations Net Income

Shengkai Innovations (VALV) currently reports a net income of $-3.3M as of March 2013. That compares with $27M in the prior-year period — down 112.3% year over year. That is below the Industrials sector average of $27B. Use the charts on this page to explore Shengkai Innovations's net income history and peer comparisons.

Shengkai Innovations's net income decreased from $27M to $-3.3M — a 112.3% year-over-year decrease (period ending March 2013). Watching multi-year history on the chart below helps separate one-off swings from a lasting trend.

Shengkai Innovations's net income of $-3.3M is lower than the Industrials sector average of $27B. That is roughly 100.0% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.

Shengkai Innovations reported $-3.3M in net income as of March 2013. That compares with $27M in the prior-year period — down 112.3% year over year. Absolute dollar amounts are most useful when compared with prior periods, peers, and related line items such as revenue, assets, or liabilities on Stockcircle.

Start with the current net income of $-3.3M, then check the historical chart for trend and the peer comparison chart for relative positioning. The Industrials average is $27B. From there, open related valuation or income-statement pages for Shengkai Innovations, and consider following VALV for alerts when major investors trade the stock.