Marine Income Before Tax vs Net Income Analysis
MPX Stock | USD 10.75 0.14 1.32% |
Marine Products financial indicator trend analysis is infinitely more than just investigating Marine Products recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Marine Products is a good investment. Please check the relationship between Marine Products Income Before Tax and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marine Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.
Income Before Tax vs Net Income
Income Before Tax vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Marine Products Income Before Tax account and Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Marine Products' Income Before Tax and Net Income is 0.91. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Marine Products, assuming nothing else is changed. The correlation between historical values of Marine Products' Income Before Tax and Net 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 Marine Products are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., Marine Products' Income Before Tax and Net Income go up and down completely randomly.
Correlation Coefficient | 0.91 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Marine Products income statement and is an important metric when analyzing Marine Products 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Marine Products financial statement analysis. It represents the amount of money remaining after all of Marine Products operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Marine Products' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Marine Products 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 Marine Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.Sales General And Administrative To Revenue is likely to rise to 0.12 in 2024, whereas Selling General Administrative is likely to drop slightly above 28 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 68.3M | 93.7M | 90.4M | 51.0M | Total Revenue | 298.0M | 381.0M | 383.7M | 229.5M |
Marine Products fundamental ratios Correlations
Click cells to compare fundamentals
Marine Products Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Marine Products fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 104.8M | 119.4M | 132.8M | 163.7M | 193.8M | 117.6M | |
Total Stockholder Equity | 77.2M | 84.5M | 98.5M | 124.4M | 151.6M | 93.7M | |
Property Plant And Equipment Net | 14.8M | 14.9M | 14.4M | 15.0M | 22.5M | 15.2M | |
Non Current Assets Total | 33.8M | 38.9M | 39.7M | 38.7M | 54.6M | 49.8M | |
Non Currrent Assets Other | 3.7M | 3.7M | 3.9M | 14.0M | 19.3M | 11.6M | |
Other Assets | 15.1M | 84.7M | 21.6M | 19.7M | 1.0 | 0.95 | |
Common Stock Shares Outstanding | 34.1M | 33.9M | 33.3M | 33.4M | 33.6M | 29.6M | |
Liabilities And Stockholders Equity | 104.8M | 119.4M | 132.8M | 163.7M | 193.8M | 117.6M | |
Inventory | 41.6M | 42.3M | 73.3M | 73.0M | 61.6M | 35.4M | |
Other Stockholder Equity | 252K | (1.9M) | (2.6M) | (2.0M) | (1.8M) | (1.7M) | |
Total Liab | 27.6M | 34.9M | 34.3M | 39.3M | 42.2M | 23.9M | |
Property Plant And Equipment Gross | 14.8M | 14.9M | 46.2M | 48.0M | 55.2M | 58.0M | |
Total Current Assets | 70.9M | 80.5M | 93.1M | 125.0M | 139.2M | 146.2M | |
Other Current Liab | 713K | 1.6M | 1.0M | 13.3M | 16.5M | 17.3M | |
Total Current Liabilities | 17.0M | 21.7M | 18.1M | 23.6M | 22.6M | 16.7M | |
Net Debt | (19.6M) | (31.5M) | (14.0M) | (42.9M) | (71.7M) | (68.1M) | |
Accounts Payable | 3.9M | 6.1M | 6.8M | 8.3M | 6.1M | 4.5M | |
Cash | 19.8M | 31.6M | 14.1M | 43.2M | 72.0M | 75.5M | |
Cash And Short Term Investments | 19.8M | 31.6M | 14.1M | 43.2M | 72.0M | 75.5M | |
Net Receivables | 7.5M | 4.7M | 3.3M | 5.4M | 2.8M | 3.9M | |
Non Current Liabilities Total | 10.5M | 13.2M | 16.2M | 15.7M | 19.6M | 20.6M | |
Other Current Assets | 2.1M | 1.9M | 2.5M | 3.4M | 2.8M | 2.3M | |
Accumulated Other Comprehensive Income | (2.7M) | (1.9M) | (2.6M) | (2.0M) | (1.8M) | (1.7M) | |
Property Plant Equipment | 14.8M | 14.9M | 14.4M | 15.2M | 13.7M | 11.3M | |
Retained Earnings | 76.6M | 83.1M | 97.7M | 123.0M | 148.1M | 83.2M | |
Common Stock Total Equity | 3.5M | 3.4M | 3.4M | 3.4M | 3.9M | 3.7M | |
Other Liab | 10.4M | 13.2M | 16.2M | 15.6M | 17.9M | 18.8M | |
Current Deferred Revenue | 295K | 1.2M | 1.3M | 2.0M | 654K | 882.7K | |
Short Term Debt | 12.1M | 12.8M | 9.0M | 57K | 654.0K | 621.3K | |
Net Tangible Assets | 73.4M | 80.7M | 94.8M | 120.6M | 138.7M | 89.5M | |
Retained Earnings Total Equity | 74.0M | 76.6M | 83.1M | 97.7M | 112.4M | 86.4M | |
Non Current Liabilities Other | 10.5M | 13.2M | 683K | 1.3M | 1.6M | 1.6M | |
Cash And Equivalents | 19.8M | 31.6M | 14.1M | 43.2M | 49.6M | 52.1M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Marine Products in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Marine Products' short interest history, or implied volatility extrapolated from Marine Products options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marine Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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When running Marine Products' price analysis, check to measure Marine Products' 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 Marine Products is operating at the current time. Most of Marine Products' value examination focuses on studying past and present price action to predict the probability of Marine Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Marine Products' price. Additionally, you may evaluate how the addition of Marine Products to your portfolios can decrease your overall portfolio volatility.
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Is Marine Products' 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 Marine Products. If investors know Marine 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 Marine Products 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 (0.61) | Dividend Share 0.56 | Earnings Share 1 | Revenue Per Share 9.684 | Quarterly Revenue Growth (0.42) |
The market value of Marine Products is measured differently than its book value, which is the value of Marine that is recorded on the company's balance sheet. Investors also form their own opinion of Marine Products' value that differs from its market value or its book value, called intrinsic value, which is Marine Products' 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 Marine Products' market value can be influenced by many factors that don't directly affect Marine Products' 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 Marine Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Marine Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marine Products' 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.