Micron Cost Of Revenue vs Net Income Analysis

MU Stock

USD 127.89 0.08 0.06%

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

For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Micron Technology Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Micron Technology's Cost Of Revenue and Net Income is -0.15. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Micron Technology, assuming nothing else is changed. The correlation between historical values of Micron Technology's Cost Of Revenue 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 Cost Of Revenue of Micron Technology 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 Cost Of Revenue i.e., Micron Technology's Cost Of Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on Micron Technology income statement and represents the costs associated with goods and services Micron Technology provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Micron Technology financial statement analysis. It represents the amount of money remaining after all of Micron Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.At this time, Micron Technology's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 37.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 620.4 M in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	16.9B	17.0B	19.5B	20.5B
EBITDA	16.9B	2.7B	3.1B	3.5B

Cost Of Revenue Ebitda

Micron Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Short Term Debt	Accounts Payable	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments	Property Plant And Equipment Gross
Total Assets		0.75	0.78	0.99	1.0	0.14	0.97	0.99	1.0	0.83	0.99	0.48	0.4	0.81	0.95	-0.2	-0.31	0.32	0.99	0.77	-0.35	0.93	-0.24	0.61	0.63	1.0
Short Long Term Debt Total	0.75		0.47	0.64	0.74	0.75	0.62	0.74	0.75	0.66	0.75	0.05	0.34	0.99	0.84	-0.16	-0.08	0.27	0.75	0.78	-0.07	0.62	-0.49	0.5	0.46	0.74
Total Current Liabilities	0.78	0.47		0.76	0.74	-0.09	0.7	0.8	0.76	0.48	0.79	0.8	0.71	0.48	0.61	0.1	0.1	0.54	0.8	0.48	0.08	0.92	0.13	0.79	0.4	0.73
Total Stockholder Equity	0.99	0.64	0.76		0.99	-0.01	0.99	0.97	0.99	0.82	0.98	0.51	0.35	0.72	0.91	-0.22	-0.37	0.28	0.98	0.71	-0.41	0.92	-0.19	0.56	0.63	0.99
Property Plant And Equipment Net	1.0	0.74	0.74	0.99		0.13	0.98	0.98	1.0	0.83	0.99	0.44	0.34	0.81	0.95	-0.24	-0.36	0.29	0.98	0.77	-0.41	0.91	-0.25	0.56	0.62	1.0
Net Debt	0.14	0.75	-0.09	-0.01	0.13		-0.02	0.11	0.14	0.18	0.14	-0.41	0.07	0.68	0.32	-0.1	0.12	0.03	0.13	0.43	0.17	0.0	-0.53	0.12	0.17	0.13
Retained Earnings	0.97	0.62	0.7	0.99	0.98	-0.02		0.95	0.98	0.79	0.96	0.46	0.26	0.7	0.91	-0.29	-0.49	0.23	0.95	0.71	-0.48	0.88	-0.21	0.47	0.66	0.98
Cash	0.99	0.74	0.8	0.97	0.98	0.11	0.95		0.98	0.8	1.0	0.49	0.44	0.79	0.93	-0.13	-0.24	0.37	0.99	0.74	-0.28	0.94	-0.19	0.63	0.52	0.98
Non Current Assets Total	1.0	0.75	0.76	0.99	1.0	0.14	0.98	0.98		0.82	0.99	0.46	0.38	0.81	0.95	-0.22	-0.34	0.31	0.99	0.77	-0.38	0.92	-0.24	0.58	0.64	1.0
Non Currrent Assets Other	0.83	0.66	0.48	0.82	0.83	0.18	0.79	0.8	0.82		0.82	0.21	0.3	0.74	0.85	-0.29	-0.18	-0.04	0.82	0.73	-0.5	0.72	-0.4	0.52	0.5	0.83
Cash And Short Term Investments	0.99	0.75	0.79	0.98	0.99	0.14	0.96	1.0	0.99	0.82		0.48	0.44	0.81	0.95	-0.15	-0.26	0.37	1.0	0.76	-0.28	0.94	-0.22	0.63	0.59	0.99
Net Receivables	0.48	0.05	0.8	0.51	0.44	-0.41	0.46	0.49	0.46	0.21	0.48		0.69	0.06	0.21	0.3	0.18	0.44	0.51	0.17	0.06	0.65	0.34	0.66	0.25	0.43
Common Stock Shares Outstanding	0.4	0.34	0.71	0.35	0.34	0.07	0.26	0.44	0.38	0.3	0.44	0.69		0.3	0.29	0.42	0.57	0.53	0.46	0.25	0.39	0.59	0.14	0.95	0.28	0.33
Non Current Liabilities Total	0.81	0.99	0.48	0.72	0.81	0.68	0.7	0.79	0.81	0.74	0.81	0.06	0.3		0.89	-0.23	-0.17	0.21	0.8	0.81	-0.2	0.67	-0.49	0.49	0.51	0.8
Inventory	0.95	0.84	0.61	0.91	0.95	0.32	0.91	0.93	0.95	0.85	0.95	0.21	0.29	0.89		-0.29	-0.33	0.22	0.94	0.83	-0.33	0.83	-0.44	0.51	0.6	0.95
Other Current Assets	-0.2	-0.16	0.1	-0.22	-0.24	-0.1	-0.29	-0.13	-0.22	-0.29	-0.15	0.3	0.42	-0.23	-0.29		0.57	0.74	-0.16	-0.08	0.54	-0.07	0.08	0.23	-0.28	-0.24
Other Stockholder Equity	-0.31	-0.08	0.1	-0.37	-0.36	0.12	-0.49	-0.24	-0.34	-0.18	-0.26	0.18	0.57	-0.17	-0.33	0.57		0.25	-0.23	-0.26	0.67	-0.07	0.25	0.4	-0.5	-0.37
Total Liab	0.32	0.27	0.54	0.28	0.29	0.03	0.23	0.37	0.31	-0.04	0.37	0.44	0.53	0.21	0.22	0.74	0.25		0.34	0.28	0.48	0.4	0.02	0.46	0.13	0.28
Total Current Assets	0.99	0.75	0.8	0.98	0.98	0.13	0.95	0.99	0.99	0.82	1.0	0.51	0.46	0.8	0.94	-0.16	-0.23	0.34		0.76	-0.27	0.94	-0.23	0.65	0.59	0.98
Other Current Liab	0.77	0.78	0.48	0.71	0.77	0.43	0.71	0.74	0.77	0.73	0.76	0.17	0.25	0.81	0.83	-0.08	-0.26	0.28	0.76		-0.22	0.63	-0.78	0.42	0.52	0.76
Short Term Debt	-0.35	-0.07	0.08	-0.41	-0.41	0.17	-0.48	-0.28	-0.38	-0.5	-0.28	0.06	0.39	-0.2	-0.33	0.54	0.67	0.48	-0.27	-0.22		-0.19	0.13	0.18	-0.26	-0.41
Accounts Payable	0.93	0.62	0.92	0.92	0.91	0.0	0.88	0.94	0.92	0.72	0.94	0.65	0.59	0.67	0.83	-0.07	-0.07	0.4	0.94	0.63	-0.19		-0.04	0.74	0.48	0.91
Current Deferred Revenue	-0.24	-0.49	0.13	-0.19	-0.25	-0.53	-0.21	-0.19	-0.24	-0.4	-0.22	0.34	0.14	-0.49	-0.44	0.08	0.25	0.02	-0.23	-0.78	0.13	-0.04		0.04	-0.28	-0.25
Common Stock Total Equity	0.61	0.5	0.79	0.56	0.56	0.12	0.47	0.63	0.58	0.52	0.63	0.66	0.95	0.49	0.51	0.23	0.4	0.46	0.65	0.42	0.18	0.74	0.04		0.39	0.55
Short Term Investments	0.63	0.46	0.4	0.63	0.62	0.17	0.66	0.52	0.64	0.5	0.59	0.25	0.28	0.51	0.6	-0.28	-0.5	0.13	0.59	0.52	-0.26	0.48	-0.28	0.39		0.62
Property Plant And Equipment Gross	1.0	0.74	0.73	0.99	1.0	0.13	0.98	0.98	1.0	0.83	0.99	0.43	0.33	0.8	0.95	-0.24	-0.37	0.28	0.98	0.76	-0.41	0.91	-0.25	0.55	0.62

Click cells to compare fundamentals

Micron Technology Account Relationship Matchups

Micron Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.7B	58.8B	66.3B	64.3B	73.9B	77.6B
Short Long Term Debt Total	7.2B	7.3B	7.5B	13.9B	16.0B	16.8B
Total Current Liabilities	6.6B	6.4B	7.5B	4.8B	5.5B	5.8B
Total Stockholder Equity	39.0B	43.9B	49.9B	44.1B	50.7B	53.3B
Property Plant And Equipment Net	31.6B	33.8B	39.2B	38.6B	44.4B	46.6B
Net Debt	(448M)	(483M)	(746M)	5.4B	6.2B	6.5B
Retained Earnings	33.4B	39.1B	47.3B	40.8B	46.9B	49.3B
Cash	7.6B	7.8B	8.3B	8.6B	9.9B	10.4B
Non Current Assets Total	35.7B	38.9B	44.5B	43.0B	49.5B	51.9B
Non Currrent Assets Other	781M	1.1B	1.3B	1.3B	1.5B	1.5B
Cash And Short Term Investments	8.1B	8.6B	9.3B	9.6B	11.0B	11.6B
Net Receivables	3.9B	5.3B	5.1B	2.4B	2.8B	1.6B
Common Stock Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.3B	783.8M
Liabilities And Stockholders Equity	53.7B	58.8B	66.3B	64.3B	73.9B	77.6B
Non Current Liabilities Total	8.0B	8.5B	8.8B	15.4B	17.7B	18.6B
Inventory	5.6B	4.5B	6.7B	8.4B	9.6B	10.1B
Other Current Assets	304M	502M	644M	820M	943M	859.6M
Other Stockholder Equity	5.4B	4.8B	3.1B	3.5B	4.0B	4.4B
Total Liab	14.7B	14.9B	16.4B	20.1B	23.2B	24.3B
Total Current Assets	18.0B	19.9B	21.8B	21.2B	24.4B	25.7B
Other Current Liab	548M	944M	5.3B	4.5B	5.2B	5.4B
Short Term Debt	270M	155M	103M	278M	319.7M	383.4M
Accounts Payable	2.2B	1.7B	2.1B	1.7B	2.0B	2.1B
Current Deferred Revenue	1.6B	3.6B	3.6B	(1.7B)	(2.0B)	(1.9B)
Common Stock Total Equity	118M	119M	122M	123M	141.5M	89.5M
Short Term Investments	518M	870M	1.1B	1.0B	1.2B	684.0M
Property Plant And Equipment Gross	31.6B	33.8B	39.2B	38.6B	44.4B	46.6B
Accumulated Other Comprehensive Income	71M	2M	(560M)	(312M)	(358.8M)	(340.9M)
Intangible Assets	334M	349M	421M	404M	464.6M	329.0M
Common Stock	119M	122M	123M	124M	142.6M	86.4M
Other Liab	1.1B	1.4B	1.4B	1.7B	2.0B	2.1B
Other Assets	1.5B	1.8B	2.0B	1.8B	2.1B	2.2B
Long Term Debt	6.0B	6.6B	6.8B	13.1B	15.0B	15.8B
Property Plant Equipment	31.6B	33.8B	39.2B	38.6B	44.4B	46.6B
Net Tangible Assets	37.4B	42.4B	48.3B	42.6B	49.0B	26.3B
Retained Earnings Total Equity	24.4B	30.8B	39.1B	47.3B	54.4B	57.1B

Pair Trading with Micron Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Micron Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Micron Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Micron Stock

0.78	ICG	Intchains Group	Pair Corr
0.75	MX	MagnaChip Semiconductor	Pair Corr
0.7	MRAM	Everspin Technologies	Pair Corr
0.66	STM	STMicroelectronics NV ADR Earnings Call This Week	Pair Corr
0.65	ON	ON Semiconductor	Pair Corr

The ability to find closely correlated positions to Micron Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Micron Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Micron Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Micron Technology to buy it.

The correlation of Micron Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Micron Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Micron Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Micron Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Micron Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Micron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Micron Technology Stock. Highlighted below are key reports to facilitate an investment decision about Micron Technology Stock:

How To Invest In Micron

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Is Micron Stock a good investment?

Details

What is Micron Technology's Net Worth?

Details

Largest Semiconductors & Semiconductor Equipment Companies

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

For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Micron Stock analysis

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

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Is Micron Technology'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 Micron Technology. If investors know Micron 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 Micron Technology 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

(0.43)

Dividend Share

0.46

Earnings Share

(3.44)

Revenue Per Share

16.67

Quarterly Revenue Growth

0.577

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

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Net Income

Micron Technology fundamental ratios Correlations

Micron Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Micron Technology fundamental ratios Accounts

Pair Trading with Micron Technology

Moving against Micron Stock

Complementary Tools for Micron Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash

Current Deferred Revenue	- 0.78	Other Current Liab
Current Deferred Revenue	- 0.53	Net Debt
Short Term Investments	- 0.5	Other Stockholder Equity
Short Term Debt	- 0.5	Non Currrent Assets Other
Current Deferred Revenue	- 0.49	Non Current Liabilities Total
Other Stockholder Equity	- 0.49	Retained Earnings