ACRE Realty Investors, Inc. (AIII) Margin Analysis

ACRE Realty Investors, Inc.

AIII (NYSE)

(%)

Models
ACRE Realty Investors, Inc. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Apr 19	2016 Dec 31	2015 Dec 31	2014 Dec 31	2013 Dec 31
Revenue	1,018	0	0	6.3	0.004
Revenue Growth Rate		-100%	-99.99%	175,620%	-99.66%
Cost of Revenue	0	0	0	2.32	2.16
Gross Profit	1,018	0	0	3.98	-2.15
Gross Margin	100%		100%	63.14%	-60,020%
Operating Income	-7,087	-3.42	-1.74	-3.02	-1.81
Operating Margin	-695.9%		-402,310%	-47.93%	-50,570%
Net Income	-7,087	-3.42	-1.74	-2.42	-0.532
Net Margin	-695.9%		-402,310%	-38.41%	-14,830%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Apr 19	2016 Dec 31	2015 Dec 31	2014 Dec 31	2013 Dec 31
Revenue	1,018	0	0	6.3	0.004
Cash from Operating Activities	-3.09	-3.24	-3.5	-2.79	-1.97
Cash from Operating Activities Margin	-0.303%		-809,970%	-44.31%	-54,980%
Free Cash Flow	-3.09	-3.24	18.5	-2.81	-1.97
Free Cash Flow Margin	-0.303%		4,282,620%	-44.57%	-55,040%
Depreciation and Amortization	15.48	124.8	0.383	0.251	0.314
Depreciation and Amortization Margin	1.52%		88,600%	3.98%	8,743%
Capital Expenditure	0	0	22	-0.016	-0.002
Capital Expenditure Margin	0%		5,092,590%	-0.253%	-53.02%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2013", "x": "2013-12-31", "y": -60022}, {"l": "2014", "x": "2014-12-31", "y": 63.14}, {"l": "2015", "x": "2015-12-31", "y": 100}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2013", "x": "2013-12-31", "y": -50571}, {"l": "2014", "x": "2014-12-31", "y": -47.93}, {"l": "2015", "x": "2015-12-31", "y": -402314}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2013", "x": "2013-12-31", "y": -14831}, {"l": "2014", "x": "2014-12-31", "y": -38.41}, {"l": "2015", "x": "2015-12-31", "y": -402314}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2013", "x": "2013-12-31", "y": -55037}, {"l": "2014", "x": "2014-12-31", "y": -44.57}, {"l": "2015", "x": "2015-12-31", "y": 4282624}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2017 (Q2) Jun 30	2017 (Q1) Mar 31	2016 (Q4) Dec 31	2016 (Q3) Sep 30	2016 (Q2) Jun 30	2016 (Q1) Mar 31
Revenue	406.8	611.6	0	0	0	0
Revenue Growth Rate	-33.48%
Cost of Revenue	0	0	0	0	0	0
Gross Profit	406.8	611.6	0	0	0	0
Gross Margin	100%	100%
Operating Income	-168.1	-826.3	-3,420	-2,673	-2,088	-904
Operating Margin	-41.32%	-135.1%
Net Income	-168.1	-826.3	-3,420	-2,673	-2,088	-904
Net Margin	-41.32%	-135.1%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2017 (Q2) Jun 30	2017 (Q1) Mar 31	2016 (Q4) Dec 31	2016 (Q3) Sep 30	2016 (Q2) Jun 30	2016 (Q1) Mar 31
Revenue	406.8	611.6	0	0	0	0
Cash from Operating Activities	-0.474	-0.977	-0.803	-0.836	-0.719	-0.879
Cash from Operating Activities Margin	-0.117%	-0.16%
Free Cash Flow	-0.474	-0.977	-0.803	-0.836	-0.719	-0.879
Free Cash Flow Margin	-0.117%	-0.16%
Depreciation and Amortization	-8.85	10.39	-0.894	14.83	-0.079	0.079
Depreciation and Amortization Margin	-2.17%	1.7%
Capital Expenditure	0	0	0	0	0	0
Capital Expenditure Margin	0%	0%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2017 (Q1)", "x": "2017-03-31", "y": 100}, {"l": "2017 (Q2)", "x": "2017-06-30", "y": 100}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2017 (Q1)", "x": "2017-03-31", "y": -135.1}, {"l": "2017 (Q2)", "x": "2017-06-30", "y": -41.32}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2017 (Q1)", "x": "2017-03-31", "y": -135.1}, {"l": "2017 (Q2)", "x": "2017-06-30", "y": -41.32}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2017 (Q1)", "x": "2017-03-31", "y": -0.16}, {"l": "2017 (Q2)", "x": "2017-06-30", "y": -0.117}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}