Milkyway Income Before Tax vs Ebit Analysis

603713 Stock

53.77 1.41 2.56%

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

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Milkyway Chemical Supply Income Before Tax account and Ebit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Milkyway Chemical's Income Before Tax and Ebit is 0.89. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebit in the same time period over historical financial statements of Milkyway Chemical Supply, assuming nothing else is changed. The correlation between historical values of Milkyway Chemical's Income Before Tax and Ebit 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 Milkyway Chemical Supply are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Income Before Tax i.e., Milkyway Chemical's Income Before Tax and Ebit go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Milkyway Chemical income statement and is an important metric when analyzing Milkyway Chemical Supply 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.

Ebit

Most indicators from Milkyway Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Milkyway Chemical Supply 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Milkyway Chemical Supply. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

As of December 15, 2024, Selling General Administrative is expected to decline to about 130.3 M. In addition to that, Tax Provision is expected to decline to about 75.1 M

	2021	2022	2023	2024 (projected)
Operating Income	569.8M	810.4M	669.7M	380.6M
Total Revenue	8.6B	11.6B	9.8B	4.9B

Operating Income Total Revenue

Milkyway Chemical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Non Current Liabilities Total	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets
Total Assets		0.79	1.0	0.9	1.0	0.85	0.97	0.99	0.89	0.98	0.82	0.88	0.72	1.0	0.99	0.83	1.0	0.99	0.99	0.99	0.8	0.97	0.98	0.97	0.95	0.91
Other Current Liab	0.79		0.79	0.9	0.78	0.93	0.74	0.74	0.93	0.66	0.93	0.42	0.95	0.78	0.81	0.76	0.8	0.83	0.79	0.73	0.91	0.72	0.73	0.68	0.76	0.9
Total Current Liabilities	1.0	0.79		0.89	0.99	0.86	0.96	0.98	0.89	0.98	0.81	0.89	0.73	1.0	0.98	0.81	0.99	0.99	0.98	0.99	0.78	0.95	0.97	0.95	0.95	0.9
Total Stockholder Equity	0.9	0.9	0.89		0.9	0.95	0.86	0.88	0.99	0.83	0.91	0.66	0.83	0.89	0.91	0.91	0.91	0.92	0.91	0.87	0.9	0.86	0.87	0.85	0.85	0.99
Retained Earnings	1.0	0.78	0.99	0.9		0.84	0.96	0.99	0.89	0.98	0.79	0.89	0.7	1.0	0.99	0.84	1.0	0.99	0.98	1.0	0.81	0.97	0.98	0.98	0.96	0.9
Accounts Payable	0.85	0.93	0.86	0.95	0.84		0.75	0.8	0.98	0.78	0.86	0.56	0.93	0.84	0.86	0.88	0.85	0.89	0.85	0.81	0.85	0.74	0.76	0.74	0.81	0.93
Cash	0.97	0.74	0.96	0.86	0.96	0.75		0.96	0.83	0.94	0.84	0.88	0.63	0.97	0.94	0.71	0.96	0.93	0.96	0.96	0.75	0.99	0.99	0.95	0.9	0.89
Other Assets	0.99	0.74	0.98	0.88	0.99	0.8	0.96		0.86	0.98	0.76	0.89	0.64	0.99	0.99	0.84	0.99	0.98	0.96	0.99	0.81	0.98	0.99	0.99	0.97	0.88
Net Receivables	0.89	0.93	0.89	0.99	0.89	0.98	0.83	0.86		0.82	0.91	0.62	0.88	0.88	0.9	0.9	0.9	0.92	0.89	0.86	0.9	0.83	0.84	0.82	0.85	0.98
Good Will	0.98	0.66	0.98	0.83	0.98	0.78	0.94	0.98	0.82		0.69	0.95	0.6	0.98	0.97	0.8	0.98	0.97	0.95	0.99	0.71	0.95	0.96	0.97	0.96	0.83
Short Term Investments	0.82	0.93	0.81	0.91	0.79	0.86	0.84	0.76	0.91	0.69		0.52	0.87	0.81	0.79	0.7	0.81	0.81	0.84	0.75	0.85	0.79	0.79	0.71	0.71	0.93
Inventory	0.88	0.42	0.89	0.66	0.89	0.56	0.88	0.89	0.62	0.95	0.52		0.35	0.9	0.85	0.61	0.87	0.84	0.85	0.92	0.47	0.89	0.9	0.91	0.85	0.68
Other Current Assets	0.72	0.95	0.73	0.83	0.7	0.93	0.63	0.64	0.88	0.6	0.87	0.35		0.7	0.72	0.72	0.72	0.77	0.75	0.66	0.83	0.59	0.61	0.56	0.66	0.82
Total Liab	1.0	0.78	1.0	0.89	1.0	0.84	0.97	0.99	0.88	0.98	0.81	0.9	0.7		0.98	0.8	1.0	0.99	0.98	0.99	0.78	0.97	0.98	0.97	0.96	0.9
Intangible Assets	0.99	0.81	0.98	0.91	0.99	0.86	0.94	0.99	0.9	0.97	0.79	0.85	0.72	0.98		0.86	0.99	0.99	0.96	0.99	0.84	0.96	0.97	0.97	0.97	0.9
Common Stock	0.83	0.76	0.81	0.91	0.84	0.88	0.71	0.84	0.9	0.8	0.7	0.61	0.72	0.8	0.86		0.85	0.87	0.83	0.82	0.86	0.75	0.77	0.82	0.79	0.84
Property Plant Equipment	1.0	0.8	0.99	0.91	1.0	0.85	0.96	0.99	0.9	0.98	0.81	0.87	0.72	1.0	0.99	0.85		0.99	0.98	0.99	0.82	0.97	0.98	0.97	0.96	0.91
Other Liab	0.99	0.83	0.99	0.92	0.99	0.89	0.93	0.98	0.92	0.97	0.81	0.84	0.77	0.99	0.99	0.87	0.99		0.97	0.98	0.84	0.94	0.95	0.95	0.97	0.91
Net Tangible Assets	0.99	0.79	0.98	0.91	0.98	0.85	0.96	0.96	0.89	0.95	0.84	0.85	0.75	0.98	0.96	0.83	0.98	0.97		0.97	0.81	0.94	0.96	0.94	0.9	0.91
Non Current Assets Total	0.99	0.73	0.99	0.87	1.0	0.81	0.96	0.99	0.86	0.99	0.75	0.92	0.66	0.99	0.99	0.82	0.99	0.98	0.97		0.77	0.97	0.98	0.98	0.97	0.87
Non Currrent Assets Other	0.8	0.91	0.78	0.9	0.81	0.85	0.75	0.81	0.9	0.71	0.85	0.47	0.83	0.78	0.84	0.86	0.82	0.84	0.81	0.77		0.78	0.78	0.76	0.78	0.86
Long Term Debt	0.97	0.72	0.95	0.86	0.97	0.74	0.99	0.98	0.83	0.95	0.79	0.89	0.59	0.97	0.96	0.75	0.97	0.94	0.94	0.97	0.78		1.0	0.98	0.93	0.88
Non Current Liabilities Total	0.98	0.73	0.97	0.87	0.98	0.76	0.99	0.99	0.84	0.96	0.79	0.9	0.61	0.98	0.97	0.77	0.98	0.95	0.96	0.98	0.78	1.0		0.98	0.94	0.88
Other Stockholder Equity	0.97	0.68	0.95	0.85	0.98	0.74	0.95	0.99	0.82	0.97	0.71	0.91	0.56	0.97	0.97	0.82	0.97	0.95	0.94	0.98	0.76	0.98	0.98		0.94	0.84
Deferred Long Term Liab	0.95	0.76	0.95	0.85	0.96	0.81	0.9	0.97	0.85	0.96	0.71	0.85	0.66	0.96	0.97	0.79	0.96	0.97	0.9	0.97	0.78	0.93	0.94	0.94		0.85
Total Current Assets	0.91	0.9	0.9	0.99	0.9	0.93	0.89	0.88	0.98	0.83	0.93	0.68	0.82	0.9	0.9	0.84	0.91	0.91	0.91	0.87	0.86	0.88	0.88	0.84	0.85

Click cells to compare fundamentals

Milkyway Chemical Account Relationship Matchups

High Positive Relationship

Total Current Liabilities	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Retained Earnings

High Negative Relationship

Not Found

Milkyway Chemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	3.7B	7.3B	9.5B	11.1B	11.7B
Other Current Liab	217.0M	520.1M	1.1B	1.1B	561.4M	447.6M
Total Current Liabilities	726.3M	1.6B	3.3B	3.7B	4.8B	5.1B
Total Stockholder Equity	1.4B	1.7B	3.2B	3.8B	4.0B	2.1B
Retained Earnings	601.3M	862.0M	1.3B	1.8B	2.1B	2.2B
Accounts Payable	338.7M	761.0M	1.2B	925.2M	1.1B	618.6M
Cash	137.2M	125.9M	638.2M	1.3B	1.2B	1.3B
Other Assets	97.0M	91.8M	128.3M	239.3M	275.2M	288.9M
Net Receivables	739.5M	1.2B	1.9B	2.0B	2.1B	1.2B
Good Will	330.8M	473.3M	610.3M	872.4M	1.5B	1.5B
Inventory	10.3M	18.8M	77.7M	266.0M	791.1M	830.6M
Other Current Assets	114.5M	228.9M	569.6M	352.9M	233.4M	206.0M
Total Liab	1.1B	1.9B	4.1B	5.6B	6.8B	7.1B
Intangible Assets	337.9M	480.1M	558.9M	839.2M	886.4M	930.7M
Property Plant Equipment	674.1M	835.0M	1.5B	2.0B	2.3B	2.5B
Other Liab	75.9M	125.0M	183.2M	217.8M	250.5M	263.0M
Net Tangible Assets	766.0M	758.0M	2.0B	2.1B	2.4B	2.5B
Non Current Assets Total	1.4B	1.9B	2.8B	4.0B	5.4B	5.6B
Non Currrent Assets Other	63.4M	38.1M	75.3M	103.4M	55.2M	51.0M
Long Term Debt	291.1M	184.1M	525.0M	1.5B	1.5B	1.6B
Non Current Liabilities Total	367.0M	309.1M	774.2M	1.9B	1.9B	2.0B
Other Stockholder Equity	30.8M	32.2M	31.1M	68.0M	78.1M	82.1M
Deferred Long Term Liab	17.6M	27.5M	23.3M	38.1M	43.8M	46.0M
Total Current Assets	1.1B	1.8B	4.5B	5.5B	5.8B	2.9B
Net Invested Capital	1.8B	2.1B	4.5B	6.7B	7.9B	4.0B
Short Long Term Debt	120M	254.0M	804.5M	1.4B	2.4B	2.5B
Non Current Liabilities Other	121.8M	290.5M	791.7K	3.8M	3.1M	3.0M
Net Working Capital	403.1M	208.4M	1.2B	1.8B	946.5M	872.1M
Net Debt	273.3M	312.2M	691.3M	1.7B	2.6B	2.8B

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Other Information on Investing in Milkyway Stock

Balance Sheet is a snapshot of the financial position of Milkyway Chemical Supply at a specified time, usually calculated after every quarter, six months, or one year. Milkyway Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Milkyway Chemical and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Milkyway currently owns. An asset can also be divided into two categories, current and non-current.

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