Miller Minority Interest vs Net Income Analysis

MLR Stock

USD 57.07 0.10 0.17%

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 Minority Interest and its Net 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.

Minority Interest vs Net Income

Minority Interest vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Miller Industries Minority Interest account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Miller Industries' Minority Interest and Net Income is 0.49. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Net 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' Minority Interest 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 Minority Interest of Miller Industries 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 Minority Interest i.e., Miller Industries' Minority Interest and Net Income go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Miller Industries whose combined shares represent less than 50% of the total outstanding shares issued by Miller Industries have a minority interest in Miller Industries.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Miller Industries financial statement analysis. It represents the amount of money remaining after all of Miller Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 06/16/2024, 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

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Miller Minority Interest vs Net Income Analysis

Minority Interest vs Net Income

Minority Interest vs Net Income Correlation Analysis

Correlation Coefficient

Minority Interest

Net Income

Miller Industries fundamental ratios Correlations

Miller Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Miller Industries fundamental ratios Accounts

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

Additional Tools for Miller Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Net Receivables	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Total Current Assets	+ 0.99	Total Current Liabilities

Other Assets	- 0.97	Other Stockholder Equity
Other Assets	- 0.97	Common Stock Shares Outstanding
Good Will	- 0.92	Common Stock Shares Outstanding
Good Will	- 0.91	Other Stockholder Equity
Other Assets	- 0.83	Intangible Assets
Good Will	- 0.72	Intangible Assets