MTY Operating Income vs Income Before Tax Analysis

MTY Stock

CAD 44.00 0.46 1.06%

MTY Food financial indicator trend analysis is infinitely more than just investigating MTY Food Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MTY Food Group is a good investment. Please check the relationship between MTY Food Operating Income and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MTY Food Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

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

The correlation between MTY Food's Operating Income and Income Before Tax is 0.77. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of MTY Food Group, assuming nothing else is changed. The correlation between historical values of MTY Food's Operating Income and Income Before Tax 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 MTY Food Group are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., MTY Food's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from MTY Food Group 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 MTY Food Group 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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on MTY Food income statement and is an important metric when analyzing MTY Food Group profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from MTY Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MTY Food Group 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 MTY Food Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, MTY Food's Selling General Administrative is very stable compared to the past year. As of the 31st of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.04, while Tax Provision is likely to drop about 4.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	255.4M	430.5M	495.0M	519.8M
Total Revenue	716.5M	1.2B	1.3B	1.4B

Gross Profit Total Revenue

MTY Food 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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue
Total Assets		0.98	0.1	0.99	0.98	0.9	0.92	0.97	0.99	0.86	1.0	0.64	0.86	0.79	0.77	0.57	0.99	0.96	0.38	-0.03	1.0	0.89	0.99	0.89	0.98	0.36
Short Long Term Debt Total	0.98		0.06	0.99	0.93	0.89	0.97	0.92	0.98	0.83	0.98	0.74	0.83	0.86	0.74	0.51	0.99	0.95	0.35	-0.07	0.99	0.89	0.99	0.95	0.94	0.4
Other Current Liab	0.1	0.06		0.15	0.19	-0.04	0.18	0.13	0.15	0.2	0.1	-0.12	0.19	0.29	0.28	0.02	0.03	-0.01	0.27	-0.06	0.06	-0.06	0.06	-0.08	0.21	-0.02
Total Current Liabilities	0.99	0.99	0.15		0.97	0.88	0.95	0.96	0.99	0.87	0.99	0.68	0.88	0.84	0.77	0.56	0.99	0.94	0.41	-0.1	0.99	0.88	0.99	0.91	0.97	0.38
Total Stockholder Equity	0.98	0.93	0.19	0.97		0.83	0.88	0.99	0.97	0.86	0.98	0.56	0.86	0.76	0.82	0.61	0.95	0.9	0.33	-0.06	0.96	0.83	0.95	0.8	0.99	0.39
Property Plant And Equipment Net	0.9	0.89	-0.04	0.88	0.83		0.77	0.87	0.88	0.71	0.89	0.46	0.72	0.59	0.52	0.52	0.92	0.98	0.32	0.28	0.91	1.0	0.91	0.88	0.82	-0.04
Net Debt	0.92	0.97	0.18	0.95	0.88	0.77		0.84	0.94	0.78	0.92	0.81	0.78	0.95	0.76	0.43	0.92	0.85	0.3	-0.2	0.93	0.76	0.93	0.91	0.9	0.53
Retained Earnings	0.97	0.92	0.13	0.96	0.99	0.87	0.84		0.97	0.88	0.97	0.51	0.88	0.71	0.79	0.67	0.95	0.93	0.39	-0.03	0.96	0.87	0.95	0.81	0.97	0.3
Accounts Payable	0.99	0.98	0.15	0.99	0.97	0.88	0.94	0.97		0.88	0.99	0.64	0.89	0.83	0.78	0.57	0.98	0.95	0.36	-0.06	0.99	0.88	0.99	0.89	0.97	0.38
Cash	0.86	0.83	0.2	0.87	0.86	0.71	0.78	0.88	0.88		0.85	0.53	1.0	0.73	0.74	0.62	0.84	0.8	0.47	-0.28	0.85	0.71	0.89	0.71	0.87	0.39
Non Current Assets Total	1.0	0.98	0.1	0.99	0.98	0.89	0.92	0.97	0.99	0.85		0.63	0.86	0.79	0.77	0.57	0.99	0.95	0.38	-0.03	1.0	0.89	0.98	0.89	0.98	0.36
Non Currrent Assets Other	0.64	0.74	-0.12	0.68	0.56	0.46	0.81	0.51	0.64	0.53	0.63		0.53	0.85	0.55	0.26	0.65	0.54	0.11	-0.52	0.66	0.45	0.68	0.82	0.57	0.66
Cash And Short Term Investments	0.86	0.83	0.19	0.88	0.86	0.72	0.78	0.88	0.89	1.0	0.86	0.53		0.72	0.74	0.62	0.84	0.8	0.47	-0.27	0.85	0.72	0.89	0.72	0.87	0.39
Net Receivables	0.79	0.86	0.29	0.84	0.76	0.59	0.95	0.71	0.83	0.73	0.79	0.85	0.72		0.74	0.37	0.78	0.69	0.22	-0.39	0.79	0.59	0.82	0.83	0.77	0.62
Common Stock Shares Outstanding	0.77	0.74	0.28	0.77	0.82	0.52	0.76	0.79	0.78	0.74	0.77	0.55	0.74	0.74		0.43	0.72	0.63	0.22	-0.33	0.74	0.52	0.74	0.61	0.81	0.56
Short Term Investments	0.57	0.51	0.02	0.56	0.61	0.52	0.43	0.67	0.57	0.62	0.57	0.26	0.62	0.37	0.43		0.55	0.55	0.4	-0.17	0.55	0.52	0.58	0.48	0.57	0.11
Non Current Liabilities Total	0.99	0.99	0.03	0.99	0.95	0.92	0.92	0.95	0.98	0.84	0.99	0.65	0.84	0.78	0.72	0.55		0.97	0.39	0.0	1.0	0.92	0.99	0.92	0.96	0.33
Inventory	0.96	0.95	-0.01	0.94	0.9	0.98	0.85	0.93	0.95	0.8	0.95	0.54	0.8	0.69	0.63	0.55	0.97		0.34	0.16	0.97	0.98	0.97	0.91	0.9	0.14
Other Current Assets	0.38	0.35	0.27	0.41	0.33	0.32	0.3	0.39	0.36	0.47	0.38	0.11	0.47	0.22	0.22	0.4	0.39	0.34		-0.17	0.39	0.32	0.38	0.27	0.42	0.0
Other Stockholder Equity	-0.03	-0.07	-0.06	-0.1	-0.06	0.28	-0.2	-0.03	-0.06	-0.28	-0.03	-0.52	-0.27	-0.39	-0.33	-0.17	0.0	0.16	-0.17		-0.02	0.28	-0.08	-0.09	-0.07	-0.69
Total Liab	1.0	0.99	0.06	0.99	0.96	0.91	0.93	0.96	0.99	0.85	1.0	0.66	0.85	0.79	0.74	0.55	1.0	0.97	0.39	-0.02		0.91	0.99	0.92	0.97	0.34
Property Plant And Equipment Gross	0.89	0.89	-0.06	0.88	0.83	1.0	0.76	0.87	0.88	0.71	0.89	0.45	0.72	0.59	0.52	0.52	0.92	0.98	0.32	0.28	0.91		0.91	0.88	0.82	-0.04
Total Current Assets	0.99	0.99	0.06	0.99	0.95	0.91	0.93	0.95	0.99	0.89	0.98	0.68	0.89	0.82	0.74	0.58	0.99	0.97	0.38	-0.08	0.99	0.91		0.93	0.95	0.35
Short Term Debt	0.89	0.95	-0.08	0.91	0.8	0.88	0.91	0.81	0.89	0.71	0.89	0.82	0.72	0.83	0.61	0.48	0.92	0.91	0.27	-0.09	0.92	0.88	0.93		0.8	0.3
Intangible Assets	0.98	0.94	0.21	0.97	0.99	0.82	0.9	0.97	0.97	0.87	0.98	0.57	0.87	0.77	0.81	0.57	0.96	0.9	0.42	-0.07	0.97	0.82	0.95	0.8		0.41
Current Deferred Revenue	0.36	0.4	-0.02	0.38	0.39	-0.04	0.53	0.3	0.38	0.39	0.36	0.66	0.39	0.62	0.56	0.11	0.33	0.14	0.0	-0.69	0.34	-0.04	0.35	0.3	0.41

Click cells to compare fundamentals

MTY Food Account Relationship Matchups

MTY Food fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	1.9B	2.3B	2.7B	3.1B	3.2B
Short Long Term Debt Total	540.7M	1.0B	834.3M	1.1B	1.2B	1.3B
Other Current Liab	21.4M	11.9M	138.8M	2.6M	3.0M	2.9M
Total Current Liabilities	369.6M	358.5M	435.5M	440.6M	506.7M	532.0M
Total Stockholder Equity	581.8M	647.6M	723.4M	811.4M	933.1M	979.8M
Property Plant And Equipment Net	85.8M	77.5M	250.6M	294.5M	338.7M	355.6M
Net Debt	975.0M	773.0M	1.0B	708.5M	814.7M	855.5M
Retained Earnings	286.5M	360.0M	402.9M	479.4M	551.3M	578.8M
Accounts Payable	111.4M	119.5M	155.0M	147.6M	169.7M	178.2M
Cash	44.3M	61.2M	59.5M	58.9M	67.7M	71.1M
Non Current Assets Total	1.8B	1.7B	2.1B	2.4B	2.8B	2.9B
Non Currrent Assets Other	9.1M	772.5M	637.8M	265.0M	304.8M	320.0M
Cash And Short Term Investments	50.7M	44.3M	61.2M	59.5M	68.4M	71.8M
Net Receivables	148.1M	151.4M	166.7M	83.0M	95.4M	100.2M
Common Stock Shares Outstanding	24.8M	24.7M	24.5M	24.3M	28.0M	20.8M
Liabilities And Stockholders Equity	1.6B	2.0B	1.9B	2.3B	2.7B	2.8B
Non Current Liabilities Total	1.1B	897.2M	1.2B	1.4B	1.6B	1.7B
Inventory	9.4M	10.7M	18.5M	20.7M	23.8M	25.0M
Other Current Assets	2.8M	2.4M	3.3M	3.8M	4.4M	4.6M
Other Stockholder Equity	(1.6M)	(14.2M)	(22.2M)	4.9M	4.4M	5.0M
Total Liab	1.4B	1.3B	1.6B	1.9B	2.1B	2.3B
Property Plant And Equipment Gross	85.8M	94.9M	273.1M	331.9M	381.7M	400.8M
Total Current Assets	211.4M	233.5M	264.7M	281.1M	323.2M	339.4M
Accumulated Other Comprehensive Income	509K	(11.2M)	(18.3M)	12.9M	11.6M	12.2M
Short Term Debt	4.6M	127.8M	115.1M	124.0M	142.6M	149.7M
Intangible Assets	864.0M	820.3M	1.0B	1.1B	1.3B	1.3B
Current Deferred Revenue	111.6M	109.0M	118.0M	17.8M	20.4M	21.9M
Good Will	439.5M	428.4M	529.5M	719.2M	827.1M	868.4M
Common Stock	310.9M	306.4M	306.0M	302.8M	348.2M	365.6M
Other Liab	196.4M	170.1M	178.0M	213.4M	245.4M	128.2M
Net Tangible Assets	(803.5M)	(721.7M)	(601.0M)	(821.4M)	(739.3M)	(702.3M)
Other Assets	9.4M	386.4M	319.1M	224K	257.6K	244.7K
Long Term Debt	447.7M	347.6M	551.4M	756.9M	870.5M	914.0M
Short Long Term Debt	12.9M	13.1M	9.5M	10.4M	9.4M	7.9M
Property Plant Equipment	21.4M	85.8M	77.5M	250.6M	288.2M	302.6M
Long Term Debt Total	536.1M	891.5M	719.2M	951.8M	1.1B	1.1B
Capital Surpluse	2.1M	3.0M	3.9M	4.9M	5.6M	5.9M
Net Invested Capital	1.0B	1.0B	1.3B	1.6B	1.8B	1.2B

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MTY Food Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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MTY Operating Income vs Income Before Tax Analysis

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Operating Income

Income Before Tax

MTY Food fundamental ratios Correlations

MTY Food Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MTY Food fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for MTY Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Assets Total
Total Liab	+ 1.0	Non Current Liabilities Total

Current Deferred Revenue	- 0.69	Other Stockholder Equity
Other Stockholder Equity	- 0.52	Non Currrent Assets Other
Other Stockholder Equity	- 0.39	Net Receivables
Other Stockholder Equity	- 0.33	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.28	Cash
Other Stockholder Equity	- 0.27	Cash And Short Term Investments