ManpowerGroup Historical Income Statement
| MAN Stock | USD 61.90 0.42 0.67% |
Historical analysis of ManpowerGroup income statement accounts such as Gross Profit of 2.8 B can show how well ManpowerGroup performed in making a profits. Evaluating ManpowerGroup income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ManpowerGroup's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ManpowerGroup latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ManpowerGroup is a good buy for the upcoming year.
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About ManpowerGroup Income Statement Analysis
ManpowerGroup Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ManpowerGroup shareholders. The income statement also shows ManpowerGroup investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ManpowerGroup Income Statement Chart
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Total Revenue
Total revenue comprises all receipts ManpowerGroup generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of ManpowerGroup minus its cost of goods sold. It is profit before ManpowerGroup operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ManpowerGroup. It is also known as ManpowerGroup overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from ManpowerGroup 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 ManpowerGroup 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.Net Income Applicable To Common Shares
The net income that remains after preferred dividends have been deducted, available to common shareholders.Most accounts from ManpowerGroup's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ManpowerGroup current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 ManpowerGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.At this time, ManpowerGroup's Net Income From Continuing Ops is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 153.9 M, while Total Revenue is likely to drop about 15.8 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 38.8M | 46.9M | 49.9M | 78.9M | Depreciation And Amortization | 73.4M | 84.6M | 88.6M | 89.3M |
ManpowerGroup income statement Correlations
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ManpowerGroup Account Relationship Matchups
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ManpowerGroup income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 232.9M | 76.3M | 73.4M | 84.6M | 88.6M | 89.3M | |
| Interest Expense | 44.4M | 43.3M | 38.8M | 46.9M | 49.9M | 78.9M | |
| Total Revenue | 20.9B | 18.0B | 20.7B | 19.8B | 18.9B | 15.8B | |
| Gross Profit | 3.4B | 2.8B | 3.4B | 3.6B | 3.4B | 2.8B | |
| Other Operating Expenses | 20.2B | 17.7B | 20.1B | 19.2B | 18.6B | 15.3B | |
| Operating Income | 644.9M | 262.7M | 585.4M | 581.7M | 255.8M | 407.4M | |
| Ebit | 644.9M | 191M | 606.9M | 604M | 255.8M | 428.5M | |
| Ebitda | 877.8M | 267.3M | 680.3M | 688.6M | 255.8M | 243.0M | |
| Cost Of Revenue | 17.5B | 15.2B | 17.3B | 16.3B | 15.6B | 13.0B | |
| Total Operating Expenses | 2.7B | 2.6B | 2.8B | 2.9B | 3.0B | 2.3B | |
| Income Before Tax | 685.5M | 147.7M | 568.1M | 557.1M | 205.9M | 195.6M | |
| Total Other Income Expense Net | 40.6M | (39.9M) | (17.3M) | (24.6M) | (49.9M) | (47.4M) | |
| Net Income | 465.7M | 23.8M | 382.4M | 373.8M | 88.8M | 84.4M | |
| Income Tax Expense | 219.8M | 123.9M | 185.7M | 183.3M | 117.1M | 143.7M | |
| Selling General Administrative | 2.7B | 2.6B | 2.8B | 2.9B | 3.0B | 2.7B | |
| Net Income Applicable To Common Shares | 465.7M | 23.8M | 382.4M | 373.8M | 429.9M | 308.7M | |
| Net Income From Continuing Ops | 465.7M | 23.8M | 382.4M | 373.8M | 222M | 340.5M | |
| Minority Interest | 82.7M | 73.6M | 18.5M | 12.6M | 11.3M | 10.8M | |
| Tax Provision | 219.8M | 123.9M | 185.7M | 183.3M | 129.2M | 153.9M | |
| Net Interest Income | (38.4M) | (39.9M) | (26.8M) | (29M) | (42.5M) | (44.6M) | |
| Reconciled Depreciation | 77.2M | 76.3M | 73.4M | 84.6M | 85M | 64.8M |
Pair Trading with ManpowerGroup
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 ManpowerGroup 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 ManpowerGroup will appreciate offsetting losses from the drop in the long position's value.Moving together with ManpowerGroup Stock
Moving against ManpowerGroup Stock
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The ability to find closely correlated positions to ManpowerGroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ManpowerGroup 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 ManpowerGroup - 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 ManpowerGroup to buy it.
The correlation of ManpowerGroup 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 ManpowerGroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ManpowerGroup 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 ManpowerGroup 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ManpowerGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in ManpowerGroup Stock, please use our How to Invest in ManpowerGroup guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Human Resource & Employment Services space 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 ManpowerGroup. If investors know ManpowerGroup 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 ManpowerGroup 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 (0.22) | Dividend Share 3.01 | Earnings Share 0.87 | Revenue Per Share 375.591 | Quarterly Revenue Growth (0.03) |
The market value of ManpowerGroup is measured differently than its book value, which is the value of ManpowerGroup that is recorded on the company's balance sheet. Investors also form their own opinion of ManpowerGroup's value that differs from its market value or its book value, called intrinsic value, which is ManpowerGroup'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 ManpowerGroup's market value can be influenced by many factors that don't directly affect ManpowerGroup'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 ManpowerGroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if ManpowerGroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ManpowerGroup'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.