MTY Total Operating Expenses vs Net Income 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 Total Operating Expenses and its Net Income 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.
Total Operating Expenses vs Net Income
Total Operating Expenses vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MTY Food Group Total Operating Expenses account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between MTY Food's Total Operating Expenses and Net Income is 0.69. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Net Income 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 Total Operating Expenses and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of MTY Food Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Operating Expenses i.e., MTY Food's Total Operating Expenses and Net Income go up and down completely randomly.
Correlation Coefficient | 0.69 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in MTY Food Group financial statement analysis. It represents the amount of money remaining after all of MTY Food Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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 |
MTY Food fundamental ratios Correlations
Click cells to compare fundamentals
MTY Food Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Try AI Portfolio ArchitectCheck 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. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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