Mitek Income Tax Expense vs Operating Income Analysis

MITK Stock  USD 13.92  0.69  5.22%   
Mitek Systems financial indicator trend analysis is infinitely more than just investigating Mitek Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mitek Systems is a good investment. Please check the relationship between Mitek Systems Income Tax Expense and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

Income Tax Expense vs Operating Income

Income Tax Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mitek Systems Income Tax Expense account and Operating Income. At this time, the significance of the direction appears to have no relationship.
The correlation between Mitek Systems' Income Tax Expense and Operating Income is 0.01. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of Mitek Systems, assuming nothing else is changed. The correlation between historical values of Mitek Systems' Income Tax Expense 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 Income Tax Expense of Mitek Systems 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 Income Tax Expense i.e., Mitek Systems' Income Tax Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.01
Relationship DirectionPositive 
Relationship StrengthInsignificant

Income Tax Expense

Operating Income

Operating Income is the amount of profit realized from Mitek Systems 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 Mitek Systems 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 Mitek Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mitek Systems 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 Mitek Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.At this time, Mitek Systems' Selling General Administrative is quite stable compared to the past year. Tax Provision is expected to rise to about 2.8 M this year, although the value of Issuance Of Capital Stock will most likely fall to about 4.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit124.8M123.9M142.5M149.7M
Total Revenue144.8M143.9M165.5M173.8M

Mitek Systems fundamental ratios Correlations

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0.960.970.940.880.850.990.410.960.890.710.990.610.670.90.990.910.91-0.270.780.890.480.850.990.980.47
0.990.970.970.950.950.950.520.980.920.750.980.680.730.940.980.940.96-0.230.810.890.580.90.970.980.54
0.990.940.970.980.950.920.450.990.980.830.940.690.850.980.960.960.92-0.050.90.910.460.840.960.980.61
0.970.880.950.980.970.850.450.970.950.880.90.630.870.980.920.930.940.00.860.90.530.870.920.960.7
0.940.850.950.950.970.820.50.930.910.790.870.690.80.940.890.930.92-0.10.840.870.570.850.880.920.64
0.940.990.950.920.850.820.420.950.870.670.980.630.640.870.980.880.89-0.280.760.840.480.830.990.960.43
0.460.410.520.450.450.50.420.440.40.020.440.810.240.320.450.420.460.120.390.290.490.440.410.460.02
0.990.960.980.990.970.930.950.440.970.810.960.680.830.970.970.950.92-0.070.880.910.470.840.981.00.59
0.940.890.920.980.950.910.870.40.970.820.870.680.870.970.890.950.830.020.960.870.270.710.920.950.59
0.820.710.750.830.880.790.670.020.810.820.720.210.830.910.750.80.8-0.040.710.830.340.740.750.790.78
0.970.990.980.940.90.870.980.440.960.870.720.620.670.911.00.90.95-0.250.740.880.60.910.990.980.51
0.640.610.680.690.630.690.630.810.680.680.210.620.520.560.630.640.550.230.720.470.360.460.630.660.16
0.790.670.730.850.870.80.640.240.830.870.830.670.520.870.710.790.690.350.840.710.250.580.730.780.68
0.970.90.940.980.980.940.870.320.970.970.910.910.560.870.930.950.92-0.050.880.920.430.830.930.960.69
0.990.990.980.960.920.890.980.450.970.890.751.00.630.710.930.910.95-0.220.780.90.580.91.00.990.53
0.940.910.940.960.930.930.880.420.950.950.80.90.640.790.950.910.87-0.130.90.890.390.780.920.940.54
0.970.910.960.920.940.920.890.460.920.830.80.950.550.690.920.950.87-0.220.690.890.720.980.930.940.63
-0.13-0.27-0.23-0.050.0-0.1-0.280.12-0.070.02-0.04-0.250.230.35-0.05-0.22-0.13-0.220.12-0.23-0.16-0.29-0.19-0.120.04
0.830.780.810.90.860.840.760.390.880.960.710.740.720.840.880.780.90.690.120.80.10.550.810.850.49
0.920.890.890.910.90.870.840.290.910.870.830.880.470.710.920.90.890.89-0.230.80.420.830.90.910.61
0.570.480.580.460.530.570.480.490.470.270.340.60.360.250.430.580.390.72-0.160.10.420.820.50.50.37
0.910.850.90.840.870.850.830.440.840.710.740.910.460.580.830.90.780.98-0.290.550.830.820.860.870.59
0.980.990.970.960.920.880.990.410.980.920.750.990.630.730.931.00.920.93-0.190.810.90.50.860.990.52
0.990.980.980.980.960.920.960.461.00.950.790.980.660.780.960.990.940.94-0.120.850.910.50.870.990.57
0.610.470.540.610.70.640.430.020.590.590.780.510.160.680.690.530.540.630.040.490.610.370.590.520.57
Click cells to compare fundamentals

Mitek Systems Account Relationship Matchups

Mitek Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets135.9M169.2M419.3M360.4M414.5M435.2M
Other Current Liab2.9M10.7M23.6M20.0M23.0M24.2M
Total Current Liabilities20.0M24.4M38.5M40.5M46.6M48.9M
Total Stockholder Equity107.3M132.2M193.3M170.3M195.9M205.7M
Property Plant And Equipment Net4.2M9.0M10.7M8.6M9.9M10.4M
Net Debt(16.1M)(12.8M)99.1M102.1M117.4M123.3M
Retained Earnings(20.8M)(14.0M)(5.6M)(18.0M)(16.2M)(17.0M)
Non Current Assets Total81.8M85.0M215.2M231.3M266.0M279.3M
Net Receivables17.3M20.8M20.7M34.1M39.3M41.2M
Common Stock Shares Outstanding42.5M45.1M44.7M45.8M52.6M55.3M
Liabilities And Stockholders Equity135.9M169.2M419.3M360.4M414.5M435.2M
Non Current Liabilities Total8.5M12.6M187.6M149.6M172.0M180.6M
Other Current Assets2.1M2.0M2.1M2.6M3.0M3.2M
Other Stockholder Equity132.2M146.5M199.8M216.5M249.0M261.4M
Total Liab28.6M36.9M226.0M190.1M218.6M229.5M
Property Plant And Equipment Gross9.0M10.7M8.6M14.7M17.0M17.8M
Total Current Assets54.1M84.1M204.1M129.1M148.5M155.9M
Accumulated Other Comprehensive Income(4.1M)(323K)(943K)(28.2M)(25.4M)(24.1M)
Short Term Debt7.9M1.8M1.9M2.1M2.4M2.7M
Accounts Payable3.6M3.9M2.5M5.0M5.7M6.0M
Cash16.7M20.0M30.3M32.1M36.9M38.7M
Non Currrent Assets Other2.3M5.6M54.5M5.8M6.7M7.1M
Cash And Short Term Investments33.3M60.0M179.4M90.3M103.9M109.1M
Other Liab10.8M8.1M6.6M60.1M69.1M72.5M
Other Assets17.5M18.9M19.1M65.0M74.8M78.5M
Common Stock Total Equity38K40K42K44K50.6K26.4K
Common Stock38K40K42K44K50.6K28.2K
Property Plant Equipment4.7M4.2M9.0M10.7M12.3M13.0M
Current Deferred Revenue5.6M8.0M10.4M13.4M15.4M16.2M
Intangible Assets24.4M19.3M28.7M75.8M87.1M91.5M
Net Tangible Assets28.0M50.3M77.3M101.8M117.1M123.0M
Good Will32.6M35.7M62.7M120.2M138.2M145.1M
Short Term Investments16.5M40.0M149.1M58.3M67.0M37.9M
Non Current Liabilities Other982K6.8M1.6M2.9M3.3M2.1M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mitek Systems in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mitek Systems' short interest history, or implied volatility extrapolated from Mitek Systems options trading.

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When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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Is Mitek Systems' 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 Mitek Systems. If investors know Mitek 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 Mitek Systems 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
10.323
Earnings Share
0.17
Revenue Per Share
3.79
Quarterly Revenue Growth
(0.05)
Return On Assets
0.0343
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' 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 Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' 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 Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' 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.