ManpowerGroup Operating Income vs Gross Profit Analysis

MAN Stock

USD 61.90 0.42 0.67%

ManpowerGroup financial indicator trend analysis is infinitely more than just investigating ManpowerGroup recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ManpowerGroup is a good investment. Please check the relationship between ManpowerGroup Operating Income and its Gross Profit accounts. 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.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ManpowerGroup Operating Income account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.

The correlation between ManpowerGroup's Operating Income and Gross Profit is 0.66. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of ManpowerGroup, assuming nothing else is changed. The correlation between historical values of ManpowerGroup's Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of ManpowerGroup are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., ManpowerGroup's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

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.

Most indicators from ManpowerGroup's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ManpowerGroup 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 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 Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.17, while Selling General Administrative is likely to drop about 2.7 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

Interest Expense Depreciation And Amortization

ManpowerGroup fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.79	0.27	0.97	0.82	0.44	0.09	0.79	0.81	0.71	0.95	0.8	0.71	0.98	-0.48	0.78	0.46	-0.53	0.97	0.99	0.18	0.31	0.3	0.86	0.85	0.73
Short Long Term Debt Total	0.79		-0.24	0.81	0.32	0.76	0.45	0.82	0.82	0.62	0.84	0.61	0.62	0.71	-0.83	0.92	0.31	-0.82	0.9	0.73	0.1	0.43	0.61	0.75	0.75	0.78
Other Current Liab	0.27	-0.24		0.16	0.7	-0.46	-0.44	-0.08	-0.1	0.13	0.05	0.33	0.13	0.4	0.59	-0.14	0.34	0.47	0.07	0.37	0.1	-0.46	-0.5	0.17	0.17	-0.03
Total Current Liabilities	0.97	0.81	0.16		0.72	0.47	0.19	0.77	0.82	0.62	0.96	0.73	0.62	0.95	-0.54	0.72	0.43	-0.57	0.97	0.94	0.37	0.46	0.35	0.82	0.81	0.69
Total Stockholder Equity	0.82	0.32	0.7	0.72		0.04	-0.29	0.47	0.48	0.58	0.66	0.65	0.58	0.87	0.05	0.4	0.53	-0.05	0.67	0.86	0.09	0.01	-0.07	0.64	0.64	0.37
Property Plant And Equipment Net	0.44	0.76	-0.46	0.47	0.04		0.55	0.75	0.76	0.49	0.5	0.16	0.49	0.33	-0.83	0.67	0.39	-0.85	0.57	0.4	-0.03	0.54	0.93	0.5	0.51	0.47
Net Debt	0.09	0.45	-0.44	0.19	-0.29	0.55		0.55	0.55	-0.3	0.28	0.08	-0.3	0.07	-0.72	0.29	-0.11	-0.76	0.23	-0.01	0.16	0.65	0.72	0.38	0.38	0.24
Retained Earnings	0.79	0.82	-0.08	0.77	0.47	0.75	0.55		0.99	0.53	0.82	0.68	0.53	0.75	-0.8	0.83	0.32	-0.9	0.84	0.75	0.0	0.49	0.72	0.85	0.86	0.75
Accounts Payable	0.81	0.82	-0.1	0.82	0.48	0.76	0.55	0.99		0.53	0.84	0.65	0.53	0.77	-0.8	0.78	0.33	-0.89	0.86	0.76	0.14	0.57	0.73	0.83	0.83	0.73
Cash	0.71	0.62	0.13	0.62	0.58	0.49	-0.3	0.53	0.53		0.55	0.54	1.0	0.64	-0.29	0.71	0.52	-0.33	0.69	0.76	-0.09	-0.1	0.23	0.49	0.49	0.63
Non Current Assets Total	0.95	0.84	0.05	0.96	0.66	0.5	0.28	0.82	0.84	0.55		0.73	0.55	0.91	-0.63	0.79	0.3	-0.64	0.97	0.88	0.19	0.53	0.41	0.88	0.88	0.72
Non Currrent Assets Other	0.8	0.61	0.33	0.73	0.65	0.16	0.08	0.68	0.65	0.54	0.73		0.54	0.83	-0.38	0.71	0.1	-0.45	0.77	0.81	0.06	-0.06	0.03	0.68	0.68	0.84
Cash And Short Term Investments	0.71	0.62	0.13	0.62	0.58	0.49	-0.3	0.53	0.53	1.0	0.55	0.54		0.64	-0.29	0.71	0.52	-0.33	0.69	0.76	-0.09	-0.1	0.23	0.49	0.49	0.63
Net Receivables	0.98	0.71	0.4	0.95	0.87	0.33	0.07	0.75	0.77	0.64	0.91	0.83	0.64		-0.39	0.71	0.46	-0.45	0.93	0.98	0.21	0.25	0.2	0.83	0.83	0.67
Common Stock Shares Outstanding	-0.48	-0.83	0.59	-0.54	0.05	-0.83	-0.72	-0.8	-0.8	-0.29	-0.63	-0.38	-0.29	-0.39		-0.75	-0.01	0.96	-0.65	-0.39	0.01	-0.59	-0.81	-0.57	-0.57	-0.65
Non Current Liabilities Total	0.78	0.92	-0.14	0.72	0.4	0.67	0.29	0.83	0.78	0.71	0.79	0.71	0.71	0.71	-0.75		0.25	-0.76	0.86	0.75	-0.24	0.2	0.5	0.76	0.76	0.85
Other Current Assets	0.46	0.31	0.34	0.43	0.53	0.39	-0.11	0.32	0.33	0.52	0.3	0.1	0.52	0.46	-0.01	0.25		-0.11	0.4	0.53	0.08	0.12	0.29	0.39	0.4	0.01
Other Stockholder Equity	-0.53	-0.82	0.47	-0.57	-0.05	-0.85	-0.76	-0.9	-0.89	-0.33	-0.64	-0.45	-0.33	-0.45	0.96	-0.76	-0.11		-0.67	-0.45	0.01	-0.58	-0.85	-0.66	-0.66	-0.67
Total Liab	0.97	0.9	0.07	0.97	0.67	0.57	0.23	0.84	0.86	0.69	0.97	0.77	0.69	0.93	-0.65	0.86	0.4	-0.67		0.94	0.19	0.4	0.42	0.85	0.85	0.79
Total Current Assets	0.99	0.73	0.37	0.94	0.86	0.4	-0.01	0.75	0.76	0.76	0.88	0.81	0.76	0.98	-0.39	0.75	0.53	-0.45	0.94		0.16	0.19	0.23	0.81	0.81	0.7
Short Term Debt	0.18	0.1	0.1	0.37	0.09	-0.03	0.16	0.0	0.14	-0.09	0.19	0.06	-0.09	0.21	0.01	-0.24	0.08	0.01	0.19	0.16		0.37	-0.02	0.01	0.01	0.03
Intangible Assets	0.31	0.43	-0.46	0.46	0.01	0.54	0.65	0.49	0.57	-0.1	0.53	-0.06	-0.1	0.25	-0.59	0.2	0.12	-0.58	0.4	0.19	0.37		0.67	0.44	0.44	0.07
Property Plant And Equipment Gross	0.3	0.61	-0.5	0.35	-0.07	0.93	0.72	0.72	0.73	0.23	0.41	0.03	0.23	0.2	-0.81	0.5	0.29	-0.85	0.42	0.23	-0.02	0.67		0.52	0.53	0.33
Common Stock Total Equity	0.86	0.75	0.17	0.82	0.64	0.5	0.38	0.85	0.83	0.49	0.88	0.68	0.49	0.83	-0.57	0.76	0.39	-0.66	0.85	0.81	0.01	0.44	0.52		1.0	0.7
Common Stock	0.85	0.75	0.17	0.81	0.64	0.51	0.38	0.86	0.83	0.49	0.88	0.68	0.49	0.83	-0.57	0.76	0.4	-0.66	0.85	0.81	0.01	0.44	0.53	1.0		0.7
Other Liab	0.73	0.78	-0.03	0.69	0.37	0.47	0.24	0.75	0.73	0.63	0.72	0.84	0.63	0.67	-0.65	0.85	0.01	-0.67	0.79	0.7	0.03	0.07	0.33	0.7	0.7

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ManpowerGroup Account Relationship Matchups

ManpowerGroup fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.2B	9.3B	9.8B	9.1B	8.8B	5.9B
Short Long Term Debt Total	1.4B	1.4B	1.4B	1.3B	1.4B	784.3M
Other Current Liab	1.9B	833.9M	884.1M	738.8M	835.9M	1.1B
Total Current Liabilities	4.4B	4.7B	5.8B	4.9B	4.8B	2.9B
Total Stockholder Equity	2.7B	2.4B	2.5B	2.4B	2.2B	1.9B
Property Plant And Equipment Net	591.8M	553.8M	490.2M	477.9M	543.9M	571.1M
Net Debt	384.3M	(119.9M)	546.3M	614.1M	844.7M	886.9M
Retained Earnings	3.5B	3.4B	3.6B	3.9B	3.8B	4.0B
Accounts Payable	2.5B	2.5B	3.0B	2.8B	2.7B	2.9B
Cash	1.0B	1.6B	847.8M	639M	581.3M	553.7M
Non Current Assets Total	2.7B	2.7B	3.4B	3.2B	3.3B	1.7B
Non Currrent Assets Other	618.8M	651.6M	610.2M	540.5M	460.9M	392.3M
Cash And Short Term Investments	1.0B	1.6B	847.8M	639M	581.3M	553.7M
Net Receivables	5.3B	4.9B	5.4B	5.1B	4.8B	3.4B
Common Stock Shares Outstanding	60.3M	58.3M	55.4M	52.8M	50.4M	60.6M
Liabilities And Stockholders Equity	9.2B	9.3B	9.8B	9.1B	8.8B	5.9B
Non Current Liabilities Total	2.0B	2.2B	1.5B	1.8B	1.8B	1.1B
Other Current Assets	185.6M	186.9M	126.7M	158M	160.8M	158.8M
Other Stockholder Equity	(311.3M)	(551.7M)	(724.7M)	(963.7M)	(1.1B)	(1.1B)
Total Liab	6.5B	6.9B	7.3B	6.7B	6.6B	4.0B
Total Current Assets	6.5B	6.7B	6.4B	5.9B	5.6B	4.2B
Short Term Debt	61M	20.4M	552.6M	132.1M	112.3M	121.9M
Intangible Assets	268.6M	248.6M	583.6M	549.5M	564.3M	434.8M
Property Plant And Equipment Gross	591.8M	535.8M	594.9M	584.9M	940.5M	987.5M
Accumulated Other Comprehensive Income	(441M)	(397.3M)	(389.4M)	(458.7M)	(466M)	(442.7M)
Other Liab	671.8M	781.2M	675.2M	534.1M	614.2M	512.4M
Other Assets	513.5M	1.1B	610.2M	540.5M	621.6M	465.3M
Long Term Debt	1.0B	1.1B	565.7M	959.9M	990.5M	794.6M
Treasury Stock	(3.7B)	(4.0B)	(4.2B)	(4.4B)	(4.0B)	(3.8B)
Property Plant Equipment	143.3M	135.1M	490.2M	477.9M	549.6M	577.1M
Current Deferred Revenue	44.5M	34.9M	34.8M	35.6M	31.9M	30.3M
Good Will	1.3B	1.2B	1.7B	1.6B	1.6B	1.2B
Net Tangible Assets	2.7B	2.4B	215.9M	2.4B	2.2B	1.6B
Noncontrolling Interest In Consolidated Entity	18.5M	12.6M	10M	10.8M	12.4M	11.8M
Retained Earnings Total Equity	3.5B	3.4B	3.6B	3.9B	4.4B	2.6B
Long Term Debt Total	1.0B	1.1B	565.7M	959.9M	1.1B	765.3M

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

0.64	FA	First Advantage Corp	Pair Corr
0.64	FC	Franklin Covey	Pair Corr

Moving against ManpowerGroup Stock

0.84	VSEC	VSE Corporation	Pair Corr
0.71	LZ	LegalZoom	Pair Corr
0.71	SQ	Block Inc	Pair Corr
0.71	WM	Waste Management	Pair Corr
0.64	NL	NL Industries	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether ManpowerGroup offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ManpowerGroup's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Manpowergroup Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Manpowergroup Stock:

How To Invest In ManpowerGroup

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Is ManpowerGroup Stock a good investment?

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What is ManpowerGroup's Net Worth?

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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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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.

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ManpowerGroup Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

ManpowerGroup fundamental ratios Correlations

ManpowerGroup Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ManpowerGroup fundamental ratios Accounts

Pair Trading with ManpowerGroup

Moving together with ManpowerGroup Stock

Moving against ManpowerGroup Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Retained Earnings
Net Receivables	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Net Receivables

Other Stockholder Equity	- 0.9	Retained Earnings
Other Stockholder Equity	- 0.89	Accounts Payable
Property Plant And Equipment Gross	- 0.85	Other Stockholder Equity
Other Stockholder Equity	- 0.85	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.83	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.83	Short Long Term Debt Total