Mullen Historical Income Statement
| MULN Stock | USD 2.68 0.06 2.29% |
Historical analysis of Mullen Automotive income statement accounts such as Depreciation And Amortization of 19.8 M can show how well Mullen Automotive performed in making a profits. Evaluating Mullen Automotive income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Mullen Automotive's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Mullen Automotive 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 Mullen Automotive is a good buy for the upcoming year.
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About Mullen Income Statement Analysis
Mullen Automotive 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 Mullen Automotive shareholders. The income statement also shows Mullen 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).
Mullen Automotive Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mullen Automotive. It is also known as Mullen Automotive 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 Mullen Automotive 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 Mullen Automotive 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.Cost Of Revenue
Cost of Revenue is found on Mullen Automotive income statement and represents the costs associated with goods and services Mullen Automotive 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 accounts from Mullen Automotive's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Mullen Automotive 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 Mullen Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Mullen Stock, please use our How to Invest in Mullen Automotive guide.At this time, Mullen Automotive's Research Development is very stable compared to the past year. As of the 28th of November 2024, Reconciled Depreciation is likely to grow to about 19.8 M, while Gross Profit is likely to drop about 100.6 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 26.9M | 5.0M | 5.7M | 9.0M | Depreciation And Amortization | 3.7M | 16.4M | 18.8M | 19.8M |
Mullen Automotive income statement Correlations
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Mullen Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mullen Automotive income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Gross Profit | 6.1M | 64.5M | (3.7M) | 92.1K | 105.9K | 100.6K | |
| Other Operating Expenses | 11.9M | 20.9M | 95.9M | 378.1M | 434.9M | 456.6M | |
| Operating Income | (12.1M) | (22.4M) | (97.0M) | (377.8M) | (340.0M) | (323.0M) | |
| Ebit | (4.5M) | (21.5M) | (100.7M) | (506.4M) | (455.8M) | (433.0M) | |
| Ebitda | (1.5M) | (20.3M) | (97.0M) | (490.0M) | (441.0M) | (419.0M) | |
| Cost Of Revenue | 58.9M | 1.2M | 3.7M | 273.9K | 246.5K | 234.2K | |
| Income Before Tax | (30.2M) | (44.2M) | (740.3M) | (1.0B) | (915.9M) | (870.1M) | |
| Total Other Income Expense Net | (18.1M) | (21.8M) | (643.3M) | (639.9M) | (575.9M) | (547.1M) | |
| Net Income | (48.3M) | (65.4M) | (740.3M) | (972.3M) | (875.0M) | (831.3M) | |
| Depreciation And Amortization | 3.0M | 1.2M | 3.7M | 16.4M | 18.8M | 19.8M | |
| Interest Expense | 18.1M | 21.2M | 26.9M | 5.0M | 5.7M | 9.0M | |
| Selling General Administrative | 9.2M | 16.4M | 67.8M | 189.4M | 217.9M | 228.8M | |
| Total Revenue | 65.0M | 65.7M | 0.0 | 366K | 420.9K | 399.9K | |
| Total Operating Expenses | 11.9M | 20.9M | 95.9M | 376.7M | 433.2M | 454.9M | |
| Income Tax Expense | 18.1M | 21.2M | 1.6K | (11.0M) | (12.6M) | (12.0M) | |
| Net Interest Income | (18.1M) | (22.7M) | (26.9M) | (5.0M) | (5.7M) | (6.0M) | |
| Selling And Marketing Expenses | 156.2K | 413.8K | 4.4M | 8.4M | 9.7M | 10.2M | |
| Net Income From Continuing Ops | (30.2M) | (42.7M) | (740.3M) | (1.0B) | (906.0M) | (860.7M) | |
| Research Development | 1.7M | 3.0M | 21.7M | 77.4M | 89.0M | 93.4M | |
| Reconciled Depreciation | 725.8K | 720.8K | 3.3M | 16.4M | 18.8M | 19.8M |
Pair Trading with Mullen Automotive
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 Mullen Automotive 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 Mullen Automotive will appreciate offsetting losses from the drop in the long position's value.Moving together with Mullen Stock
Moving against Mullen Stock
| 0.73 | ZK | ZEEKR Intelligent | PairCorr |
| 0.71 | LI | Li Auto Buyout Trend | PairCorr |
| 0.65 | MOD | Modine Manufacturing | PairCorr |
| 0.53 | BWA | BorgWarner | PairCorr |
| 0.51 | BC | Brunswick | PairCorr |
The ability to find closely correlated positions to Mullen Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mullen Automotive 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 Mullen Automotive - 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 Mullen Automotive to buy it.
The correlation of Mullen Automotive 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 Mullen Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Automotive 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 Mullen Automotive 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 Mullen Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Mullen Stock, please use our How to Invest in Mullen Automotive guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Automobile Manufacturers 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 Mullen Automotive. If investors know Mullen 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 Mullen Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 244.1 K | Revenue Per Share 2.51 | Quarterly Revenue Growth (0.79) | Return On Assets (0.48) | Return On Equity (2.60) |
The market value of Mullen Automotive is measured differently than its book value, which is the value of Mullen that is recorded on the company's balance sheet. Investors also form their own opinion of Mullen Automotive's value that differs from its market value or its book value, called intrinsic value, which is Mullen Automotive'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 Mullen Automotive's market value can be influenced by many factors that don't directly affect Mullen Automotive'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 Mullen Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mullen Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mullen Automotive'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.