Miller Ebitda vs Operating Income Analysis

MLR Stock

USD 61.17 0.33 0.54%

Miller Industries financial indicator trend analysis is infinitely more than just investigating Miller Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Miller Industries is a good investment. Please check the relationship between Miller Industries Ebitda and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Miller Industries. 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 Miller Stock, please use our How to Invest in Miller Industries guide.

Ebitda vs Operating Income

Ebitda vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Miller Industries Ebitda account and Operating Income. At this time, the significance of the direction appears to have totally related.

The correlation between Miller Industries' Ebitda and Operating Income is 0.99. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Operating Income in the same time period over historical financial statements of Miller Industries, assuming nothing else is changed. The correlation between historical values of Miller Industries' Ebitda 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 Ebitda of Miller Industries 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 Ebitda i.e., Miller Industries' Ebitda and Operating Income go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Ebitda

Operating Income

Operating Income is the amount of profit realized from Miller Industries 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 Miller Industries 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 Miller Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Miller Industries 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 Miller Industries. 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 Miller Stock, please use our How to Invest in Miller Industries guide.At this time, Miller Industries' Enterprise Value Over EBITDA is relatively stable compared to the past year. As of 09/20/2024, Enterprise Value Multiple is likely to grow to 8.50, while Selling General Administrative is likely to drop slightly above 1.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.4M	3.4M	6.0M	4.3M
Depreciation And Amortization	11.0M	11.8M	13.2M	7.2M

Interest Expense Depreciation And Amortization

Miller Industries 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	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	Good Will	Other Assets
Total Assets		0.84	0.79	0.98	0.97	0.93	0.59	0.96	0.98	0.1	0.82	0.14	0.24	0.98	0.49	0.87	0.98	-0.25	0.55	0.97	0.97	1.0	-0.51	0.62	-0.2	-0.45
Short Long Term Debt Total	0.84		0.53	0.86	0.71	0.68	0.86	0.78	0.86	-0.22	0.54	0.01	-0.08	0.85	0.18	0.99	0.91	-0.34	0.23	0.92	0.88	0.86	-0.39	0.38	0.15	-0.18
Other Current Liab	0.79	0.53		0.76	0.83	0.81	0.32	0.73	0.74	0.23	0.92	-0.03	0.32	0.76	0.64	0.57	0.73	-0.26	0.66	0.72	0.68	0.77	-0.41	0.44	-0.45	-0.58
Total Current Liabilities	0.98	0.86	0.76		0.92	0.88	0.67	0.93	1.0	-0.02	0.76	0.21	0.14	0.99	0.4	0.89	0.97	-0.23	0.46	0.99	0.97	0.99	-0.47	0.57	-0.1	-0.37
Total Stockholder Equity	0.97	0.71	0.83	0.92		0.95	0.42	0.94	0.92	0.28	0.87	0.1	0.39	0.93	0.6	0.76	0.92	-0.24	0.65	0.9	0.91	0.96	-0.51	0.68	-0.36	-0.55
Property Plant And Equipment Net	0.93	0.68	0.81	0.88	0.95		0.49	0.95	0.88	0.12	0.93	0.14	0.28	0.88	0.46	0.74	0.88	-0.34	0.51	0.86	0.88	0.9	-0.65	0.54	-0.26	-0.41
Net Debt	0.59	0.86	0.32	0.67	0.42	0.49		0.59	0.68	-0.67	0.35	0.19	-0.44	0.67	-0.2	0.85	0.69	-0.33	-0.15	0.74	0.7	0.61	-0.4	0.04	0.47	0.17
Retained Earnings	0.96	0.78	0.73	0.93	0.94	0.95	0.59		0.93	0.05	0.85	0.2	0.24	0.92	0.29	0.82	0.94	-0.32	0.35	0.92	0.94	0.94	-0.63	0.44	-0.03	-0.24
Accounts Payable	0.98	0.86	0.74	1.0	0.92	0.88	0.68	0.93		-0.03	0.76	0.22	0.14	0.99	0.39	0.89	0.97	-0.24	0.45	0.99	0.97	0.98	-0.47	0.55	-0.08	-0.36
Cash	0.1	-0.22	0.23	-0.02	0.28	0.12	-0.67	0.05	-0.03		0.2	-0.37	0.73	-0.04	0.65	-0.19	0.03	0.16	0.62	-0.08	-0.05	0.1	0.11	0.46	-0.69	-0.59
Non Current Assets Total	0.82	0.54	0.92	0.76	0.87	0.93	0.35	0.85	0.76	0.2		0.07	0.35	0.76	0.49	0.59	0.76	-0.36	0.53	0.73	0.74	0.78	-0.6	0.37	-0.33	-0.44
Non Currrent Assets Other	0.14	0.01	-0.03	0.21	0.1	0.14	0.19	0.2	0.22	-0.37	0.07		0.04	0.25	-0.24	0.03	0.07	0.02	-0.17	0.16	0.24	0.13	0.02	-0.06	0.29	0.22
Cash And Short Term Investments	0.24	-0.08	0.32	0.14	0.39	0.28	-0.44	0.24	0.14	0.73	0.35	0.04		0.15	0.48	-0.07	0.16	-0.41	0.54	0.08	0.09	0.23	0.28	0.38	-0.57	-0.45
Net Receivables	0.98	0.85	0.76	0.99	0.93	0.88	0.67	0.92	0.99	-0.04	0.76	0.25	0.15		0.43	0.88	0.96	-0.22	0.49	0.98	0.97	0.98	-0.45	0.59	-0.13	-0.4
Common Stock Shares Outstanding	0.49	0.18	0.64	0.4	0.6	0.46	-0.2	0.29	0.39	0.65	0.49	-0.24	0.48	0.43		0.19	0.38	0.12	0.99	0.35	0.33	0.49	-0.01	0.84	-0.92	-0.97
Non Current Liabilities Total	0.87	0.99	0.57	0.89	0.76	0.74	0.85	0.82	0.89	-0.19	0.59	0.03	-0.07	0.88	0.19		0.94	-0.3	0.24	0.95	0.92	0.89	-0.46	0.4	0.14	-0.19
Inventory	0.98	0.91	0.73	0.97	0.92	0.88	0.69	0.94	0.97	0.03	0.76	0.07	0.16	0.96	0.38	0.94		-0.3	0.43	0.99	0.96	0.98	-0.51	0.54	-0.07	-0.35
Other Current Assets	-0.25	-0.34	-0.26	-0.23	-0.24	-0.34	-0.33	-0.32	-0.24	0.16	-0.36	0.02	-0.41	-0.22	0.12	-0.3	-0.3		0.02	-0.25	-0.17	-0.23	-0.06	0.07	-0.04	-0.09
Other Stockholder Equity	0.55	0.23	0.66	0.46	0.65	0.51	-0.15	0.35	0.45	0.62	0.53	-0.17	0.54	0.49	0.99	0.24	0.43	0.02		0.41	0.38	0.54	0.01	0.87	-0.91	-0.97
Total Liab	0.97	0.92	0.72	0.99	0.9	0.86	0.74	0.92	0.99	-0.08	0.73	0.16	0.08	0.98	0.35	0.95	0.99	-0.25	0.41		0.98	0.98	-0.48	0.53	-0.03	-0.33
Property Plant And Equipment Gross	0.97	0.88	0.68	0.97	0.91	0.88	0.7	0.94	0.97	-0.05	0.74	0.24	0.09	0.97	0.33	0.92	0.96	-0.17	0.38	0.98		0.97	-0.55	0.52	0.0	-0.3
Total Current Assets	1.0	0.86	0.77	0.99	0.96	0.9	0.61	0.94	0.98	0.1	0.78	0.13	0.23	0.98	0.49	0.89	0.98	-0.23	0.54	0.98	0.97		-0.46	0.63	-0.19	-0.46
Short Term Debt	-0.51	-0.39	-0.41	-0.47	-0.51	-0.65	-0.4	-0.63	-0.47	0.11	-0.6	0.02	0.28	-0.45	-0.01	-0.46	-0.51	-0.06	0.01	-0.48	-0.55	-0.46		-0.05	-0.15	-0.05
Intangible Assets	0.62	0.38	0.44	0.57	0.68	0.54	0.04	0.44	0.55	0.46	0.37	-0.06	0.38	0.59	0.84	0.4	0.54	0.07	0.87	0.53	0.52	0.63	-0.05		-0.72	-0.83
Good Will	-0.2	0.15	-0.45	-0.1	-0.36	-0.26	0.47	-0.03	-0.08	-0.69	-0.33	0.29	-0.57	-0.13	-0.92	0.14	-0.07	-0.04	-0.91	-0.03	0.0	-0.19	-0.15	-0.72		0.9
Other Assets	-0.45	-0.18	-0.58	-0.37	-0.55	-0.41	0.17	-0.24	-0.36	-0.59	-0.44	0.22	-0.45	-0.4	-0.97	-0.19	-0.35	-0.09	-0.97	-0.33	-0.3	-0.46	-0.05	-0.83	0.9

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Miller Industries Account Relationship Matchups

Miller Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	392.0M	398.4M	438.8M	501.4M	654.1M	686.8M
Short Long Term Debt Total	7.1M	1.5M	1.2M	45.9M	60.8M	63.9M
Other Current Liab	27.5M	24.5M	24.6M	30.1M	36.5M	20.7M
Total Current Liabilities	124.3M	110.7M	144.3M	156.1M	234.7M	246.4M
Total Stockholder Equity	257.9M	282.5M	288.5M	293.5M	347.9M	365.3M
Property Plant And Equipment Net	92.4M	100.1M	97.7M	113.1M	115.9M	121.7M
Net Debt	(19.0M)	(56.0M)	(53.1M)	5.8M	30.9M	32.5M
Retained Earnings	112.3M	133.9M	141.9M	150.1M	200.2M	210.2M
Accounts Payable	95.8M	85.5M	119.0M	125.5M	191.8M	201.4M
Cash	26.1M	57.5M	54.3M	40.2M	29.9M	27.4M
Non Current Assets Total	104.5M	112.1M	109.9M	125.4M	143.6M	82.4M
Non Currrent Assets Other	521K	434K	533K	(5.5M)	819K	1.3M
Cash And Short Term Investments	26.1M	57.5M	54.3M	40.2M	29.9M	25.8M
Net Receivables	168.6M	141.6M	154.0M	177.7M	286.1M	300.4M
Common Stock Shares Outstanding	11.4M	11.4M	11.4M	11.4M	11.5M	11.5M
Liabilities And Stockholders Equity	392.0M	398.4M	438.8M	501.4M	654.1M	686.8M
Non Current Liabilities Total	9.8M	5.3M	6.0M	51.8M	71.5M	75.0M
Inventory	88.0M	83.9M	114.9M	153.7M	189.8M	199.3M
Other Current Assets	4.8M	3.2M	5.8M	(35.6M)	4.6M	8.0M
Other Stockholder Equity	151.1M	151.2M	151.4M	152.4M	153.6M	156.9M
Total Liab	134.0M	116.0M	150.3M	208.0M	306.2M	321.5M
Property Plant And Equipment Gross	92.4M	100.1M	97.7M	113.1M	218.4M	229.3M
Total Current Assets	287.5M	286.3M	329.0M	376.0M	510.5M	536.0M
Accumulated Other Comprehensive Income	(5.5M)	(2.8M)	(4.9M)	(9.2M)	(5.9M)	(6.2M)
Short Term Debt	719K	375K	376K	311K	320K	304K
Other Assets	521K	1.9M	533K	708K	637.2K	605.3K
Long Term Debt	10.2M	15.5M	5.0M	45M	60M	63M
Property Plant Equipment	90.7M	98.6M	96.5M	112.1M	129.0M	135.4M
Other Liab	3.4M	4.1M	5.2M	6.2M	7.2M	4.0M
Current Deferred Revenue	324K	272K	257K	242K	6.1M	3.1M
Net Tangible Assets	246.3M	270.8M	276.9M	281.8M	324.1M	221.2M
Retained Earnings Total Equity	112.3M	133.9M	141.9M	150.1M	172.6M	181.3M
Capital Surpluse	151.1M	151.2M	151.4M	152.4M	175.3M	165.3M
Deferred Long Term Liab	3.4M	4.1M	5.2M	6.2M	7.2M	7.5M
Long Term Debt Total	5.0M	15K	0.0	45M	51.8M	54.3M

Pair Trading with Miller Industries

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 Miller Industries 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 Miller Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Miller Stock

0.73

GFF

Griffon Fiscal Year End 20th of November 2024

Pair Corr

The ability to find closely correlated positions to Miller Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Miller Industries 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 Miller Industries - 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 Miller Industries to buy it.

The correlation of Miller Industries 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 Miller Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miller Industries 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 Miller Industries 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.

Pair Correlation Correlation Matching

Additional Tools for Miller Stock Analysis

When running Miller Industries' price analysis, check to measure Miller Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Miller Industries is operating at the current time. Most of Miller Industries' value examination focuses on studying past and present price action to predict the probability of Miller Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Miller Industries' price. Additionally, you may evaluate how the addition of Miller Industries to your portfolios can decrease your overall portfolio volatility.

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