Milkyway Net Income vs Cost Of Revenue 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 Net Income and its Cost Of Revenue 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.

Net Income vs Cost Of Revenue

Net Income vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Milkyway Chemical Supply Net Income account and Cost Of Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Milkyway Chemical's Net Income and Cost Of Revenue is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost Of Revenue 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 Net Income and Cost Of Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Milkyway Chemical Supply are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income i.e., Milkyway Chemical's Net Income and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Income

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

Cost Of Revenue

Cost of Revenue is found on Milkyway Chemical Supply income statement and represents the costs associated with goods and services Milkyway Chemical 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.
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 16, 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 Income569.8M810.4M669.7M380.6M
Total Revenue8.6B11.6B9.8B4.9B

Milkyway Chemical fundamental ratios Correlations

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0.90.90.890.90.950.860.880.990.830.910.660.830.890.910.910.910.920.910.870.90.860.870.850.850.99
1.00.780.990.90.840.960.990.890.980.790.890.71.00.990.841.00.990.981.00.810.970.980.980.960.9
0.850.930.860.950.840.750.80.980.780.860.560.930.840.860.880.850.890.850.810.850.740.760.740.810.93
0.970.740.960.860.960.750.960.830.940.840.880.630.970.940.710.960.930.960.960.750.990.990.950.90.89
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0.720.950.730.830.70.930.630.640.880.60.870.350.70.720.720.720.770.750.660.830.590.610.560.660.82
1.00.781.00.891.00.840.970.990.880.980.810.90.70.980.81.00.990.980.990.780.970.980.970.960.9
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0.830.760.810.910.840.880.710.840.90.80.70.610.720.80.860.850.870.830.820.860.750.770.820.790.84
1.00.80.990.911.00.850.960.990.90.980.810.870.721.00.990.850.990.980.990.820.970.980.970.960.91
0.990.830.990.920.990.890.930.980.920.970.810.840.770.990.990.870.990.970.980.840.940.950.950.970.91
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0.990.730.990.871.00.810.960.990.860.990.750.920.660.990.990.820.990.980.970.770.970.980.980.970.87
0.80.910.780.90.810.850.750.810.90.710.850.470.830.780.840.860.820.840.810.770.780.780.760.780.86
0.970.720.950.860.970.740.990.980.830.950.790.890.590.970.960.750.970.940.940.970.781.00.980.930.88
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0.970.680.950.850.980.740.950.990.820.970.710.910.560.970.970.820.970.950.940.980.760.980.980.940.84
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Milkyway Chemical Account Relationship Matchups

Milkyway Chemical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B3.7B7.3B9.5B11.1B11.7B
Other Current Liab217.0M520.1M1.1B1.1B561.4M447.6M
Total Current Liabilities726.3M1.6B3.3B3.7B4.8B5.1B
Total Stockholder Equity1.4B1.7B3.2B3.8B4.0B2.1B
Retained Earnings601.3M862.0M1.3B1.8B2.1B2.2B
Accounts Payable338.7M761.0M1.2B925.2M1.1B618.6M
Cash137.2M125.9M638.2M1.3B1.2B1.3B
Other Assets97.0M91.8M128.3M239.3M275.2M288.9M
Net Receivables739.5M1.2B1.9B2.0B2.1B1.2B
Good Will330.8M473.3M610.3M872.4M1.5B1.5B
Inventory10.3M18.8M77.7M266.0M791.1M830.6M
Other Current Assets114.5M228.9M569.6M352.9M233.4M206.0M
Total Liab1.1B1.9B4.1B5.6B6.8B7.1B
Intangible Assets337.9M480.1M558.9M839.2M886.4M930.7M
Property Plant Equipment674.1M835.0M1.5B2.0B2.3B2.5B
Other Liab75.9M125.0M183.2M217.8M250.5M263.0M
Net Tangible Assets766.0M758.0M2.0B2.1B2.4B2.5B
Non Current Assets Total1.4B1.9B2.8B4.0B5.4B5.6B
Non Currrent Assets Other63.4M38.1M75.3M103.4M55.2M51.0M
Long Term Debt291.1M184.1M525.0M1.5B1.5B1.6B
Non Current Liabilities Total367.0M309.1M774.2M1.9B1.9B2.0B
Other Stockholder Equity30.8M32.2M31.1M68.0M78.1M82.1M
Deferred Long Term Liab17.6M27.5M23.3M38.1M43.8M46.0M
Total Current Assets1.1B1.8B4.5B5.5B5.8B2.9B
Net Invested Capital1.8B2.1B4.5B6.7B7.9B4.0B
Short Long Term Debt120M254.0M804.5M1.4B2.4B2.5B
Non Current Liabilities Other121.8M290.5M791.7K3.8M3.1M3.0M
Net Working Capital403.1M208.4M1.2B1.8B946.5M872.1M
Net Debt273.3M312.2M691.3M1.7B2.6B2.8B

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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.