Macerich Operating Income vs Income Tax Expense Analysis
MAC Stock | USD 15.54 0.36 2.26% |
Macerich financial indicator trend analysis is infinitely more than just investigating Macerich recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Macerich is a good investment. Please check the relationship between Macerich Operating Income and its Income Tax Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macerich Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Operating Income vs Income Tax Expense
Operating Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macerich Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Macerich's Operating Income and Income Tax Expense is -0.2. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Macerich Company, assuming nothing else is changed. The correlation between historical values of Macerich's Operating Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Macerich Company are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., Macerich's Operating Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.2 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Macerich operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Macerich Company is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Income Tax Expense
Most indicators from Macerich's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Macerich current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macerich Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. At present, Macerich's Enterprise Value is projected to decrease significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 466.6M | 468.8M | 204.1M | 193.9M | Total Revenue | 847.4M | 859.2M | 881.4M | 737.9M |
Macerich fundamental ratios Correlations
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Macerich Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Macerich fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.9B | 9.2B | 8.3B | 8.1B | 7.5B | 7.1B | |
Short Long Term Debt Total | 114.2M | 6.1B | 4.6B | 4.5B | 4.4B | 3.8B | |
Total Stockholder Equity | 2.6B | 2.3B | 3.0B | 2.9B | 2.4B | 2.2B | |
Property Plant And Equipment Net | 148.1M | 6.8B | 6.4B | 6.3B | 118.7M | 112.7M | |
Net Debt | 14.2M | 5.7B | 4.5B | 4.4B | 4.2B | 3.7B | |
Retained Earnings | (1.9B) | (2.3B) | (2.4B) | (2.6B) | (3.1B) | (2.9B) | |
Non Currrent Assets Other | 6.7B | (206.3M) | (175.2M) | 71.7M | 6.1B | 6.4B | |
Other Assets | 221.3M | 8.5B | 6.7B | 328.2M | 6.1B | 6.4B | |
Common Stock Shares Outstanding | 141.3M | 146.2M | 198.1M | 215.0M | 215.5M | 111.5M | |
Liabilities And Stockholders Equity | 8.9B | 9.2B | 8.3B | 8.1B | 7.5B | 7.1B | |
Non Current Liabilities Total | 5.6B | 6.3B | 4.7B | 4.6B | 4.4B | 3.8B | |
Other Stockholder Equity | 4.6B | 4.6B | 5.5B | 5.5B | 5.5B | 5.8B | |
Total Liab | 6.0B | 6.7B | 5.2B | 5.1B | 5.0B | 4.7B | |
Property Plant And Equipment Gross | 148.1M | 118.4M | 6.4B | 6.3B | 118.7M | 112.7M | |
Other Current Liab | 373.5M | 407.0M | 382.2M | 439.8M | 509.5M | 601.4M | |
Total Current Liabilities | 424.5M | 475.8M | 441.4M | 502.9M | 573.7M | 643.0M | |
Accounts Payable | 51.0M | 68.8M | 59.2M | 63.1M | 64.2M | 83.4M | |
Cash | 100.0M | 465.3M | 112.5M | 100.3M | 190.3M | 121.3M | |
Non Current Assets Total | 8.6B | 8.2B | 7.7B | 7.7B | 7.1B | 7.0B | |
Cash And Short Term Investments | 100.0M | 465.3M | 112.5M | 100.3M | 190.3M | 128.7M | |
Net Receivables | 150.2M | 240.8M | 211.4M | 186.9M | 188.2M | 135.4M | |
Common Stock Total Equity | 1.4M | 1.5M | 2.1M | 2.2M | 2.5M | 2.6M | |
Total Current Assets | 264.4M | 1.0B | 633.2M | 368.0M | 378.5M | 450.5M | |
Common Stock | 1.4M | 1.5M | 2.1M | 2.2M | 2.2M | 1.2M | |
Other Liab | 30.2M | 60.4M | 53.8M | 48.4M | 43.5M | 41.4M | |
Long Term Debt | 5.2B | 6.0B | 4.5B | 4.5B | 4.2B | 4.8B | |
Other Current Assets | (264.4M) | 307.0M | 254.9M | 80.8M | (378.5M) | (359.6M) | |
Accumulated Other Comprehensive Income | (9.1M) | (8.2M) | (24K) | 632K | (952K) | (904.4K) | |
Intangible Assets | 158.6M | 175.5M | 151.8M | 152.6M | 65.4M | 62.1M | |
Net Tangible Assets | 2.6B | 2.3B | 3.0B | 2.9B | 2.6B | 2.7B | |
Noncontrolling Interest In Consolidated Entity | 198.7M | 188.2M | 129.3M | 83.6M | 75.2M | 71.5M | |
Retained Earnings Total Equity | (1.9B) | (2.3B) | (2.4B) | (2.6B) | (2.4B) | (2.3B) | |
Long Term Debt Total | 5.2B | 6.0B | 4.5B | 4.5B | 5.2B | 5.5B | |
Capital Surpluse | 4.6B | 4.6B | 5.5B | 5.5B | 6.3B | 4.9B | |
Inventory | 46.6M | 278.6M | 17.4M | 54.5M | 62.7M | 59.5M | |
Deferred Long Term Liab | 74.7M | 307.0M | 254.9M | 30.7M | 35.3M | 33.6M | |
Long Term Investments | 1.5B | 1.3B | 1.3B | 1.2B | 852.8M | 1.4B |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macerich Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Macerich information on this page should be used as a complementary analysis to other Macerich's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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When running Macerich's price analysis, check to measure Macerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macerich is operating at the current time. Most of Macerich's value examination focuses on studying past and present price action to predict the probability of Macerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macerich's price. Additionally, you may evaluate how the addition of Macerich to your portfolios can decrease your overall portfolio volatility.
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Is Macerich's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macerich. If investors know Macerich will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macerich listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 39.711 | Dividend Share 0.68 | Earnings Share (1.60) | Revenue Per Share 3.888 | Quarterly Revenue Growth (0.12) |
The market value of Macerich is measured differently than its book value, which is the value of Macerich that is recorded on the company's balance sheet. Investors also form their own opinion of Macerich's value that differs from its market value or its book value, called intrinsic value, which is Macerich's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macerich's market value can be influenced by many factors that don't directly affect Macerich's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Macerich's value and its price as these two are different measures arrived at by different means. Investors typically determine if Macerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macerich's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.