Distribution — Interest Income
Cummins Distribution — Interest Income increased by 10.0% to $11.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 57.1%, from $7.00M to $11.00M. Over 2 years (FY 2021 to FY 2023), Distribution — Interest Income shows an upward trend with a 120.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests higher cash balances or more favorable interest rates on segment-specific financial assets, while a decrease may indicate lower cash availability or reduced yields on invested capital.
Detailed definition
This metric represents the interest income generated specifically by the Distribution business segment through its cash...
Peer comparison
Similar to 'Interest Income' or 'Financial Income' reported in segment-level disclosures for industrial and distribution-heavy companies.
cmi_segment_distribution_interest_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.00M | $2.00M | $2.00M | $2.00M | $3.00M | $4.00M | $7.00M | $7.00M | $8.00M | $9.00M | $10.00M | $11.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +50.0% | +33.3% | +75.0% | +0.0% | +14.3% | +12.5% | +11.1% | +10.0% |
| YoY Change | — | — | — | — | +50.0% | +100.0% | +250.0% | +250.0% | +166.7% | +125.0% | +42.9% | +57.1% |
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Frequently Asked Questions
- What is Cummins's distribution — interest income?
- Cummins (CMI) reported distribution — interest income of $11.00M in Q1 2024.
- How has Cummins's distribution — interest income changed year-over-year?
- Cummins's distribution — interest income increased by 57.1% year-over-year, from $7.00M to $11.00M.
- What is the long-term trend for Cummins's distribution — interest income?
- Over 2 years (2021 to 2023), Cummins's distribution — interest income has grown at a 120.4% compound annual growth rate (CAGR), from $7.00M to $34.00M.
- What does distribution — interest income mean?
- The interest income earned by the Distribution segment from its cash holdings and financial assets.