Milkyway Income Tax Expense vs Operating Income 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 Tax Expense and its Operating Income 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 Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

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

The correlation between Milkyway Chemical's Income Tax Expense and Operating Income is 0.9. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income 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 Tax Expense 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 Tax Expense of Milkyway Chemical Supply 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 Tax Expense i.e., Milkyway Chemical's Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from Milkyway Chemical Supply 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 Milkyway Chemical Supply 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 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

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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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