Magna Income Before Tax vs Operating Income Analysis

MGA Stock

USD 49.12 0.42 0.86%

Magna International financial indicator trend analysis is infinitely more than just investigating Magna International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magna International is a good investment. Please check the relationship between Magna International Income Before Tax and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magna International Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Magna International's Income Before Tax and Operating Income is 0.94. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of Magna International, assuming nothing else is changed. The correlation between historical values of Magna International's Income Before Tax and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Magna International are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Magna International's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Magna International income statement and is an important metric when analyzing Magna International profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Magna International 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 Magna International 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.

Most indicators from Magna International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magna International 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 Magna International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.At present, Magna International's Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 416.4 M, whereas Selling General Administrative is forecasted to decline to about 1.3 B.

	2021	2022	2023	2024 (projected)
Interest Expense	122M	126M	242M	254.1M
Depreciation And Amortization	1.7B	1.4B	1.8B	1.9B

Interest Expense Depreciation And Amortization

Magna International fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Cash	Cash And Short Term Investments	Accounts Payable	Property Plant And Equipment Gross	Good Will	Other Liab
Total Assets		0.88	0.78	0.98	0.74	0.98	0.78	0.98	0.98	0.76	0.96	0.11	0.9	0.98	0.22	-0.26	0.99	0.96	0.72	0.4	0.37	0.37	0.98	0.8	0.86	0.83
Short Long Term Debt Total	0.88		0.67	0.85	0.45	0.93	0.94	0.89	0.93	0.66	0.75	-0.34	0.98	0.85	0.03	-0.34	0.95	0.77	0.77	0.32	0.28	0.28	0.81	0.86	0.71	0.73
Other Current Liab	0.78	0.67		0.76	0.55	0.79	0.51	0.72	0.74	0.48	0.75	0.15	0.7	0.8	-0.34	-0.21	0.77	0.79	0.43	0.23	0.51	0.51	0.79	0.75	0.63	0.55
Total Current Liabilities	0.98	0.85	0.76		0.67	0.94	0.78	0.93	0.96	0.68	0.97	0.15	0.83	0.99	0.26	-0.25	0.97	0.95	0.81	0.4	0.27	0.27	0.99	0.83	0.81	0.74
Total Stockholder Equity	0.74	0.45	0.55	0.67		0.68	0.3	0.75	0.67	0.84	0.76	0.4	0.54	0.7	0.38	-0.12	0.64	0.79	0.24	0.39	0.44	0.44	0.73	0.37	0.9	0.88
Property Plant And Equipment Net	0.98	0.93	0.79	0.94	0.68		0.83	0.97	0.99	0.76	0.9	-0.03	0.95	0.96	0.12	-0.3	0.99	0.92	0.7	0.36	0.36	0.36	0.94	0.83	0.83	0.82
Net Debt	0.78	0.94	0.51	0.78	0.3	0.83		0.79	0.87	0.58	0.67	-0.43	0.88	0.77	0.06	-0.34	0.86	0.61	0.84	0.35	-0.07	-0.07	0.74	0.81	0.64	0.62
Retained Earnings	0.98	0.89	0.72	0.93	0.75	0.97	0.79		0.98	0.8	0.92	0.03	0.92	0.94	0.22	-0.36	0.97	0.93	0.67	0.33	0.36	0.36	0.94	0.76	0.86	0.88
Non Current Assets Total	0.98	0.93	0.74	0.96	0.67	0.99	0.87	0.98		0.78	0.92	-0.03	0.93	0.96	0.17	-0.29	0.99	0.9	0.75	0.42	0.26	0.26	0.95	0.82	0.85	0.83
Non Currrent Assets Other	0.76	0.66	0.48	0.68	0.84	0.76	0.58	0.8	0.78		0.68	-0.03	0.72	0.73	0.31	-0.11	0.73	0.7	0.39	0.48	0.26	0.26	0.71	0.58	0.88	0.91
Net Receivables	0.96	0.75	0.75	0.97	0.76	0.9	0.67	0.92	0.92	0.68		0.32	0.76	0.96	0.29	-0.21	0.92	0.96	0.69	0.41	0.29	0.29	0.99	0.7	0.83	0.76
Common Stock Shares Outstanding	0.11	-0.34	0.15	0.15	0.4	-0.03	-0.43	0.03	-0.03	-0.03	0.32		-0.29	0.13	0.3	0.35	-0.04	0.3	-0.15	0.21	0.21	0.21	0.21	-0.22	0.08	-0.01
Non Current Liabilities Total	0.9	0.98	0.7	0.83	0.54	0.95	0.88	0.92	0.93	0.72	0.76	-0.29		0.84	0.01	-0.35	0.94	0.79	0.64	0.3	0.38	0.38	0.81	0.8	0.75	0.81
Inventory	0.98	0.85	0.8	0.99	0.7	0.96	0.77	0.94	0.96	0.73	0.96	0.13	0.84		0.21	-0.26	0.97	0.95	0.76	0.37	0.3	0.3	0.99	0.86	0.82	0.75
Other Current Assets	0.22	0.03	-0.34	0.26	0.38	0.12	0.06	0.22	0.17	0.31	0.29	0.3	0.01	0.21		0.04	0.16	0.27	0.3	0.18	-0.1	-0.1	0.24	-0.06	0.28	0.29
Other Stockholder Equity	-0.26	-0.34	-0.21	-0.25	-0.12	-0.3	-0.34	-0.36	-0.29	-0.11	-0.21	0.35	-0.35	-0.26	0.04		-0.31	-0.21	-0.22	0.67	-0.06	-0.06	-0.23	-0.23	-0.24	-0.29
Total Liab	0.99	0.95	0.77	0.97	0.64	0.99	0.86	0.97	0.99	0.73	0.92	-0.04	0.94	0.97	0.16	-0.31		0.92	0.77	0.37	0.33	0.33	0.96	0.85	0.82	0.8
Total Current Assets	0.96	0.77	0.79	0.95	0.79	0.92	0.61	0.93	0.9	0.7	0.96	0.3	0.79	0.95	0.27	-0.21	0.92		0.62	0.35	0.51	0.51	0.97	0.73	0.81	0.79
Short Term Debt	0.72	0.77	0.43	0.81	0.24	0.7	0.84	0.67	0.75	0.39	0.69	-0.15	0.64	0.76	0.3	-0.22	0.77	0.62		0.36	-0.11	-0.11	0.73	0.8	0.53	0.41
Intangible Assets	0.4	0.32	0.23	0.4	0.39	0.36	0.35	0.33	0.42	0.48	0.41	0.21	0.3	0.37	0.18	0.67	0.37	0.35	0.36		-0.07	-0.07	0.41	0.3	0.48	0.38
Cash	0.37	0.28	0.51	0.27	0.44	0.36	-0.07	0.36	0.26	0.26	0.29	0.21	0.38	0.3	-0.1	-0.06	0.33	0.51	-0.11	-0.07		1.0	0.3	0.23	0.27	0.37
Cash And Short Term Investments	0.37	0.28	0.51	0.27	0.44	0.36	-0.07	0.36	0.26	0.26	0.29	0.21	0.38	0.3	-0.1	-0.06	0.33	0.51	-0.11	-0.07	1.0		0.3	0.23	0.27	0.37
Accounts Payable	0.98	0.81	0.79	0.99	0.73	0.94	0.74	0.94	0.95	0.71	0.99	0.21	0.81	0.99	0.24	-0.23	0.96	0.97	0.73	0.41	0.3	0.3		0.8	0.83	0.76
Property Plant And Equipment Gross	0.8	0.86	0.75	0.83	0.37	0.83	0.81	0.76	0.82	0.58	0.7	-0.22	0.8	0.86	-0.06	-0.23	0.85	0.73	0.8	0.3	0.23	0.23	0.8		0.61	0.52
Good Will	0.86	0.71	0.63	0.81	0.9	0.83	0.64	0.86	0.85	0.88	0.83	0.08	0.75	0.82	0.28	-0.24	0.82	0.81	0.53	0.48	0.27	0.27	0.83	0.61		0.94
Other Liab	0.83	0.73	0.55	0.74	0.88	0.82	0.62	0.88	0.83	0.91	0.76	-0.01	0.81	0.75	0.29	-0.29	0.8	0.79	0.41	0.38	0.37	0.37	0.76	0.52	0.94

Click cells to compare fundamentals

Magna International Account Relationship Matchups

Magna International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	25.8B	28.6B	29.1B	27.8B	32.1B	33.7B
Short Long Term Debt Total	5.0B	6.0B	5.7B	5.1B	7.2B	7.5B
Other Current Liab	2.6B	3.1B	3.2B	3.1B	3.5B	3.7B
Total Current Liabilities	8.5B	9.7B	10.4B	11.0B	13.2B	13.8B
Total Stockholder Equity	10.8B	11.4B	11.8B	10.9B	11.8B	6.4B
Property Plant And Equipment Net	10.1B	10.4B	10.0B	9.8B	11.3B	11.9B
Net Debt	3.7B	2.7B	2.7B	3.8B	6.0B	6.3B
Retained Earnings	8.6B	8.7B	9.2B	8.6B	9.3B	9.7B
Non Current Assets Total	15.0B	15.2B	15.6B	15.3B	18.1B	19.0B
Non Currrent Assets Other	996M	963M	1.2B	1.2B	970.3M	512.8M
Net Receivables	5.9B	6.4B	6.3B	6.8B	7.8B	8.2B
Common Stock Shares Outstanding	315.8M	300.4M	302.8M	291.2M	286.6M	356.6M
Liabilities And Stockholders Equity	25.8B	28.6B	29.1B	27.8B	32.1B	33.7B
Non Current Liabilities Total	6.1B	7.1B	6.5B	5.5B	6.7B	7.0B
Inventory	3.3B	3.4B	4.0B	4.2B	4.6B	4.8B
Other Current Assets	1.1B	238M	260M	320M	350.2M	192.3M
Other Stockholder Equity	127M	128M	102M	111M	124.4M	118.1M
Total Liab	14.7B	16.9B	16.9B	16.5B	19.9B	20.9B
Total Current Assets	10.7B	13.4B	13.5B	12.5B	14.0B	14.7B
Short Term Debt	331M	370M	729M	938M	1.7B	1.8B
Intangible Assets	484M	481M	493M	452M	876M	502.0M
Cash	1.3B	3.3B	2.9B	1.2B	1.2B	1.4B
Cash And Short Term Investments	1.3B	3.3B	2.9B	1.2B	1.2B	1.4B
Accounts Payable	5.6B	6.3B	6.5B	7.0B	7.8B	8.2B
Property Plant And Equipment Gross	10.1B	10.4B	22.0B	21.8B	24.2B	25.4B
Accumulated Other Comprehensive Income	(1.1B)	(733M)	(900M)	(1.1B)	(893.4M)	(848.7M)
Good Will	2.0B	2.1B	2.1B	2.0B	2.8B	1.5B
Other Liab	1.5B	1.5B	1.5B	1.3B	1.5B	820.6M
Other Assets	1.3B	1.3B	1.4B	1.6B	1.0	0.95
Long Term Debt	3.1B	4.0B	3.5B	2.8B	4.2B	4.4B
Common Stock	3.2B	3.3B	3.4B	3.3B	3.3B	3.5B
Property Plant Equipment	10.1B	10.4B	10.0B	9.8B	11.2B	6.4B
Common Stock Total Equity	3.6B	3.4B	3.2B	3.3B	3.8B	3.8B
Net Tangible Assets	8.4B	8.8B	9.2B	8.5B	9.7B	8.7B
Deferred Long Term Liab	683M	694M	668M	679M	780.9M	559.1M
Long Term Investments	1.2B	947M	1.6B	1.4B	1.2B	1.3B
Short Long Term Debt	106M	129M	455M	662M	1.3B	1.4B
Long Term Debt Total	3.1B	4.0B	3.5B	2.8B	3.3B	3.4B
Capital Surpluse	127M	128M	102M	111M	127.7M	126.4M

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When determining whether Magna International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magna International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magna International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magna International Stock:

How To Invest In Magna

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Is Magna Stock a good investment?

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What is Magna International's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.

Note that the Magna International information on this page should be used as a complementary analysis to other Magna International'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Magna Stock analysis

When running Magna International's price analysis, check to measure Magna International'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 Magna International is operating at the current time. Most of Magna International's value examination focuses on studying past and present price action to predict the probability of Magna International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna International's price. Additionally, you may evaluate how the addition of Magna International to your portfolios can decrease your overall portfolio volatility.

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Is Magna International'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 Magna International. If investors know Magna 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 Magna International 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

1.882

Dividend Share

1.855

Earnings Share

4.23

Revenue Per Share

149.535

Quarterly Revenue Growth

0.093

The market value of Magna International is measured differently than its book value, which is the value of Magna that is recorded on the company's balance sheet. Investors also form their own opinion of Magna International's value that differs from its market value or its book value, called intrinsic value, which is Magna International'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 Magna International's market value can be influenced by many factors that don't directly affect Magna International'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 Magna International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna International'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.

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Magna Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

Magna International fundamental ratios Correlations

Magna International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Magna International fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Magna Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Inventory	+ 0.99	Total Current Liabilities
Accounts Payable	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Property Plant And Equipment Net

Common Stock Shares Outstanding	- 0.43	Net Debt
Other Stockholder Equity	- 0.36	Retained Earnings
Other Stockholder Equity	- 0.35	Non Current Liabilities Total
Other Stockholder Equity	- 0.34	Net Debt
Other Current Assets	- 0.34	Other Current Liab
Other Stockholder Equity	- 0.34	Short Long Term Debt Total