Being able to spot trends in the financial statements of a stock is critical in determining the direction in which the company is headed.
It isn’t a surprise that companies with solid financials tend to continue to perform well over the long term.
The question then becomes: what is the best way to do trend analysis of financial statements?
There are many ways you can do it, but if you are a spreadsheet lover like I am, here is my suggestion:
- Use Wisesheets to get all of the annual and quarterly financial statements including: the income statement, balance sheet and cashflow statement from up to 19 years ago:
2. Create a column where you want the trend to show, and use the sparkling functionality to get the trends:
Now you can enjoy being able to see the trends in each of the metrics listed in the financial statements and give yourself the chance to make a wiser investment decision.
If you want to learn more about how you can get company’s financials, key metrics, and growth metrics right on Excel or Google Sheets in seconds, check out www.wisesheets.io
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To your investing success,
The Wisesheets Team