McKesson Net Income vs Operating Income Analysis
MCK Stock | USD 533.41 4.55 0.86% |
McKesson financial indicator trend analysis is infinitely more than just investigating McKesson recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether McKesson is a good investment. Please check the relationship between McKesson Net Income and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.
Net Income vs Operating Income
Net Income vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of McKesson Net Income account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between McKesson's Net Income and Operating Income is 0.62. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of McKesson, assuming nothing else is changed. The correlation between historical values of McKesson's Net Income and Operating 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 Net Income of McKesson are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., McKesson's Net Income and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in McKesson financial statement analysis. It represents the amount of money remaining after all of McKesson operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Operating Income
Operating Income is the amount of profit realized from McKesson 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 McKesson 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.Most indicators from McKesson's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into McKesson 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 McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.At this time, McKesson's Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 855.2 M this year, although the value of Sales General And Administrative To Revenue will most likely fall to 0.05.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 13.1B | 12.4B | 14.2B | 14.9B | Total Revenue | 264.0B | 276.7B | 318.2B | 334.1B |
McKesson fundamental ratios Correlations
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McKesson Account Relationship Matchups
High Positive Relationship
High Negative Relationship
McKesson fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 61.2B | 65.0B | 63.3B | 62.3B | 71.7B | 75.3B | |
Short Long Term Debt Total | 9.4B | 9.4B | 7.5B | 7.3B | 8.4B | 4.6B | |
Other Current Liab | 683M | 9M | 9.3B | 4.2B | 4.8B | 2.8B | |
Total Current Liabilities | 42.6B | 44.1B | 48.5B | 48.0B | 55.2B | 57.9B | |
Total Stockholder Equity | 5.1B | (21M) | (2.3B) | (1.9B) | (2.1B) | (2.0B) | |
Property Plant And Equipment Net | 4.3B | 4.7B | 3.6B | 3.8B | 4.4B | 4.6B | |
Net Debt | 5.4B | 3.1B | 4.0B | 2.6B | 3.0B | 2.1B | |
Retained Earnings | 13.0B | 8.2B | 9.0B | 12.3B | 14.1B | 7.2B | |
Accounts Payable | 37.2B | 39.0B | 38.1B | 42.5B | 48.9B | 51.3B | |
Cash | 4.0B | 6.3B | 3.5B | 4.7B | 5.4B | 5.6B | |
Non Current Assets Total | 19.0B | 19.6B | 17.1B | 18.0B | 20.7B | 10.7B | |
Non Currrent Assets Other | 2.3B | 2.6B | 1.9B | 2.0B | 2.3B | 1.6B | |
Cash And Short Term Investments | 4.0B | 6.3B | 3.5B | 4.7B | 5.4B | 5.6B | |
Net Receivables | 20.0B | 19.2B | 18.6B | 19.4B | 22.3B | 23.4B | |
Common Stock Shares Outstanding | 182M | 160.6M | 154.1M | 142.2M | 128.0M | 186.9M | |
Liabilities And Stockholders Equity | 61.2B | 65.0B | 63.3B | 62.3B | 71.7B | 75.3B | |
Non Current Liabilities Total | 11.9B | 19.5B | 16.6B | 15.9B | 18.2B | 19.1B | |
Inventory | 16.7B | 19.2B | 18.7B | 19.7B | 22.6B | 23.8B | |
Other Current Assets | 617M | 665M | 5.4B | 496M | 570.4M | 674.8M | |
Other Stockholder Equity | (6.2B) | (6.7B) | (9.8B) | (13.3B) | (11.9B) | (11.3B) | |
Total Liab | 54.5B | 63.6B | 65.1B | 63.8B | 73.4B | 77.1B | |
Property Plant And Equipment Gross | 4.3B | 4.7B | 3.6B | 3.8B | 4.4B | 4.6B | |
Total Current Assets | 42.2B | 45.4B | 46.2B | 44.3B | 50.9B | 53.5B | |
Accumulated Other Comprehensive Income | (1.7B) | (1.5B) | (1.5B) | (905M) | (814.5M) | (855.2M) | |
Short Term Debt | 1.4B | 1.1B | 1.1B | 1.3B | 1.5B | 1.5B | |
Intangible Assets | 3.2B | 2.9B | 2.1B | 2.3B | 2.6B | 2.0B | |
Other Liab | 3.9B | 11.2B | 10.1B | 9.8B | 11.3B | 11.8B | |
Other Assets | 1.9B | 2.6B | 1.3B | 1.8B | 2.0B | 1.7B | |
Long Term Debt | 6.3B | 6.4B | 5.1B | 4.6B | 5.3B | 4.4B | |
Treasury Stock | (8.9B) | (12.9B) | (13.7B) | (17.0B) | (15.3B) | (14.6B) | |
Property Plant Equipment | 2.4B | 2.6B | 2.1B | 2.2B | 2.5B | 1.5B | |
Good Will | 9.4B | 9.5B | 9.5B | 9.9B | 11.4B | 6.7B | |
Net Tangible Assets | (4.4B) | (9.3B) | (12.4B) | (12.7B) | (11.4B) | (10.8B) | |
Noncontrolling Interest In Consolidated Entity | 217M | 196M | 480M | 367M | 422.1M | 302.3M | |
Retained Earnings Total Equity | 13.0B | 8.2B | 9.0B | 12.3B | 14.1B | 11.7B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McKesson. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.Note that the McKesson information on this page should be used as a complementary analysis to other McKesson's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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Is McKesson's industry 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 McKesson. If investors know McKesson 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 McKesson 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 (0.42) | Dividend Share 2.32 | Earnings Share 22.14 | Revenue Per Share 2.2 K | Quarterly Revenue Growth 0.148 |
The market value of McKesson is measured differently than its book value, which is the value of McKesson that is recorded on the company's balance sheet. Investors also form their own opinion of McKesson's value that differs from its market value or its book value, called intrinsic value, which is McKesson'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 McKesson's market value can be influenced by many factors that don't directly affect McKesson'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 McKesson's value and its price as these two are different measures arrived at by different means. Investors typically determine if McKesson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McKesson'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.