Meinian Gross Profit vs Total Operating Expenses Analysis

002044 Stock

4.90 0.02 0.41%

Meinian Onehealth financial indicator trend analysis is infinitely more than just investigating Meinian Onehealth recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meinian Onehealth is a good investment. Please check the relationship between Meinian Onehealth Gross Profit and its Total Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Meinian Onehealth Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meinian Onehealth Gross Profit account and Total Operating Expenses. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Meinian Onehealth's Gross Profit and Total Operating Expenses is 0.96. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Meinian Onehealth Healthcare, assuming nothing else is changed. The correlation between historical values of Meinian Onehealth's Gross Profit and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Meinian Onehealth Healthcare are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Gross Profit i.e., Meinian Onehealth's Gross Profit and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Meinian Onehealth Healthcare minus its cost of goods sold. It is profit before Meinian Onehealth operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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.

Most indicators from Meinian Onehealth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meinian Onehealth 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Meinian Onehealth Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 859.3 M, whereas Tax Provision is forecasted to decline to about 144.1 M.

	2021	2022	2023	2024 (projected)
Operating Income	774.9M	86.4M	1.2B	1.3B
Total Revenue	9.2B	8.5B	10.9B	11.4B

Operating Income Total Revenue

Meinian Onehealth fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Short Term Investments	Net Tangible Assets	Good Will	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.64	1.0	0.99	0.9	0.83	0.98	0.9	0.81	0.99	0.85	0.77	0.99	0.9	0.98	0.9	0.51	0.03	0.44	0.96	0.62	0.1	0.94	0.94	0.98	0.96
Other Current Liab	0.64		0.64	0.67	0.69	0.79	0.59	0.65	0.8	0.64	0.33	0.85	0.61	0.36	0.59	0.35	0.61	-0.05	0.38	0.65	0.64	0.05	0.65	0.71	0.6	0.61
Total Current Liabilities	1.0	0.64		0.98	0.93	0.81	0.98	0.91	0.8	0.98	0.86	0.77	1.0	0.9	0.98	0.89	0.51	0.0	0.45	0.95	0.61	0.11	0.95	0.95	0.99	0.96
Total Stockholder Equity	0.99	0.67	0.98		0.88	0.86	0.96	0.9	0.83	0.98	0.8	0.78	0.97	0.87	0.98	0.87	0.5	0.1	0.43	0.95	0.64	0.01	0.92	0.92	0.95	0.94
Other Liab	0.9	0.69	0.93	0.88		0.76	0.86	0.97	0.86	0.9	0.7	0.83	0.91	0.71	0.89	0.68	0.7	-0.08	0.37	0.85	0.72	0.11	0.94	0.97	0.9	0.81
Retained Earnings	0.83	0.79	0.81	0.86	0.76		0.75	0.76	0.94	0.85	0.53	0.87	0.79	0.6	0.79	0.62	0.66	0.1	0.18	0.87	0.8	-0.03	0.86	0.79	0.8	0.8
Accounts Payable	0.98	0.59	0.98	0.96	0.86	0.75		0.82	0.7	0.94	0.92	0.68	0.98	0.95	0.97	0.94	0.35	0.0	0.48	0.92	0.49	0.12	0.9	0.89	0.98	0.97
Cash	0.9	0.65	0.91	0.9	0.97	0.76	0.82		0.88	0.92	0.64	0.82	0.89	0.69	0.88	0.67	0.74	0.03	0.41	0.86	0.74	0.06	0.91	0.97	0.87	0.8
Other Assets	0.81	0.8	0.8	0.83	0.86	0.94	0.7	0.88		0.86	0.45	0.94	0.79	0.51	0.77	0.52	0.85	0.02	0.2	0.84	0.89	-0.01	0.9	0.88	0.78	0.74
Net Receivables	0.99	0.64	0.98	0.98	0.9	0.85	0.94	0.92	0.86		0.79	0.81	0.98	0.85	0.97	0.87	0.58	0.0	0.4	0.94	0.68	0.05	0.95	0.94	0.97	0.94
Inventory	0.85	0.33	0.86	0.8	0.7	0.53	0.92	0.64	0.45	0.79		0.45	0.88	0.96	0.85	0.94	0.12	0.0	0.42	0.8	0.26	0.19	0.76	0.73	0.88	0.89
Other Current Assets	0.77	0.85	0.77	0.78	0.83	0.87	0.68	0.82	0.94	0.81	0.45		0.75	0.5	0.71	0.47	0.84	0.05	0.09	0.82	0.87	0.0	0.85	0.83	0.73	0.7
Total Liab	0.99	0.61	1.0	0.97	0.91	0.79	0.98	0.89	0.79	0.98	0.88	0.75		0.92	0.97	0.91	0.5	-0.01	0.45	0.95	0.59	0.15	0.95	0.94	0.99	0.97
Intangible Assets	0.9	0.36	0.9	0.87	0.71	0.6	0.95	0.69	0.51	0.85	0.96	0.5	0.92		0.9	0.98	0.16	0.09	0.42	0.86	0.31	0.16	0.79	0.76	0.92	0.93
Common Stock	0.98	0.59	0.98	0.98	0.89	0.79	0.97	0.88	0.77	0.97	0.85	0.71	0.97	0.9		0.91	0.43	0.01	0.43	0.91	0.59	-0.03	0.92	0.91	0.97	0.92
Property Plant Equipment	0.9	0.35	0.89	0.87	0.68	0.62	0.94	0.67	0.52	0.87	0.94	0.47	0.91	0.98	0.91		0.13	-0.01	0.47	0.83	0.29	0.11	0.77	0.74	0.91	0.92
Long Term Debt	0.51	0.61	0.51	0.5	0.7	0.66	0.35	0.74	0.85	0.58	0.12	0.84	0.5	0.16	0.43	0.13		0.0	-0.05	0.58	0.89	0.05	0.69	0.69	0.48	0.4
Short Term Investments	0.03	-0.05	0.0	0.1	-0.08	0.1	0.0	0.03	0.02	0.0	0.0	0.05	-0.01	0.09	0.01	-0.01	0.0		-0.19	0.16	0.16	-0.36	-0.02	-0.02	-0.05	0.0
Net Tangible Assets	0.44	0.38	0.45	0.43	0.37	0.18	0.48	0.41	0.2	0.4	0.42	0.09	0.45	0.42	0.43	0.47	-0.05	-0.19		0.31	-0.16	0.38	0.25	0.48	0.42	0.48
Good Will	0.96	0.65	0.95	0.95	0.85	0.87	0.92	0.86	0.84	0.94	0.8	0.82	0.95	0.86	0.91	0.83	0.58	0.16	0.31		0.68	0.14	0.94	0.91	0.94	0.96
Deferred Long Term Liab	0.62	0.64	0.61	0.64	0.72	0.8	0.49	0.74	0.89	0.68	0.26	0.87	0.59	0.31	0.59	0.29	0.89	0.16	-0.16	0.68		-0.31	0.77	0.7	0.6	0.48
Long Term Investments	0.1	0.05	0.11	0.01	0.11	-0.03	0.12	0.06	-0.01	0.05	0.19	0.0	0.15	0.16	-0.03	0.11	0.05	-0.36	0.38	0.14	-0.31		0.09	0.15	0.12	0.26
Short Long Term Debt	0.94	0.65	0.95	0.92	0.94	0.86	0.9	0.91	0.9	0.95	0.76	0.85	0.95	0.79	0.92	0.77	0.69	-0.02	0.25	0.94	0.77	0.09		0.95	0.95	0.89
Total Current Assets	0.94	0.71	0.95	0.92	0.97	0.79	0.89	0.97	0.88	0.94	0.73	0.83	0.94	0.76	0.91	0.74	0.69	-0.02	0.48	0.91	0.7	0.15	0.95		0.93	0.88
Short Term Debt	0.98	0.6	0.99	0.95	0.9	0.8	0.98	0.87	0.78	0.97	0.88	0.73	0.99	0.92	0.97	0.91	0.48	-0.05	0.42	0.94	0.6	0.12	0.95	0.93		0.96
Non Current Assets Total	0.96	0.61	0.96	0.94	0.81	0.8	0.97	0.8	0.74	0.94	0.89	0.7	0.97	0.93	0.92	0.92	0.4	0.0	0.48	0.96	0.48	0.26	0.89	0.88	0.96

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Meinian Onehealth Account Relationship Matchups

Meinian Onehealth fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.9B	18.3B	18.9B	18.3B	19.5B	20.4B
Other Current Liab	2.2B	4.4B	2.4B	2.7B	101.4M	96.3M
Total Current Liabilities	8.0B	8.1B	7.0B	7.6B	8.2B	8.6B
Total Stockholder Equity	7.3B	8.0B	8.0B	7.5B	7.7B	8.1B
Other Liab	196.0M	180.6M	81.3M	112.0M	128.8M	135.2M
Retained Earnings	1.3B	1.8B	1.9B	1.3B	1.3B	673.2M
Accounts Payable	863.6M	1.1B	995.0M	1.2B	1.2B	1.3B
Cash	4.8B	3.5B	2.3B	2.0B	2.8B	2.9B
Other Assets	1.9B	1.7B	1.4B	874.6M	1.0B	538.2M
Net Receivables	3.3B	2.5B	3.2B	2.6B	2.8B	2.9B
Inventory	129.6M	133.9M	149.4M	221.0M	227.1M	238.4M
Other Current Assets	469.7M	373.6M	259.7M	365.6M	111.0M	135.1M
Total Liab	10.8B	9.6B	10.1B	10.1B	11.0B	11.6B
Intangible Assets	163.9M	158.0M	232.8M	326.7M	345.3M	362.6M
Common Stock	2.6B	3.1B	3.9B	3.9B	4.5B	4.7B
Property Plant Equipment	2.7B	2.5B	5.1B	5.1B	5.8B	6.1B
Long Term Debt	2.8B	1.4B	661M	17.5M	122M	115.9M
Short Term Investments	32.0M	2M	1.4M	5.1M	5.0M	6.9M
Net Tangible Assets	3.0B	3.8B	3.8B	2.8B	3.2B	3.1B
Good Will	4.1B	4.0B	4.1B	4.3B	4.6B	3.8B
Deferred Long Term Liab	736.4M	595.4M	460.9M	398.4M	358.6M	453.8M
Short Long Term Debt	2.3B	1.9B	1.4B	1.6B	2.1B	1.7B
Total Current Assets	8.7B	7.8B	5.9B	5.5B	6.5B	6.1B
Non Current Assets Total	10.2B	10.6B	13.0B	12.8B	13.0B	11.2B
Non Currrent Assets Other	237.3M	531.1M	584.7M	168.0M	266.7M	300.0M
Non Current Liabilities Total	2.8B	1.6B	3.1B	2.4B	2.8B	2.3B
Other Stockholder Equity	(379.4K)	10.8M	10.5M	11.0M	12.7M	13.3M
Non Current Liabilities Other	1.0M	2.5M	2.5M	2.5M	15.0M	26.9M
Net Invested Capital	12.2B	11.4B	10.1B	9.1B	9.9B	8.3B
Net Working Capital	708.4M	(301.7M)	(1.1B)	(2.1B)	(1.7B)	(1.6B)

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Other Information on Investing in Meinian Stock

Balance Sheet is a snapshot of the financial position of Meinian Onehealth at a specified time, usually calculated after every quarter, six months, or one year. Meinian Onehealth Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Meinian Onehealth and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Meinian currently owns. An asset can also be divided into two categories, current and non-current.

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Meinian Gross Profit vs Total Operating Expenses Analysis

Gross Profit vs Total Operating Expenses

Gross Profit vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Gross Profit

Total Operating Expenses

Meinian Onehealth fundamental ratios Correlations

Meinian Onehealth Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Meinian Onehealth fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Short Term Debt	+ 0.99	Total Current Liabilities

Long Term Investments	- 0.36	Short Term Investments
Long Term Investments	- 0.31	Deferred Long Term Liab
Net Tangible Assets	- 0.19	Short Term Investments
Deferred Long Term Liab	- 0.16	Net Tangible Assets
Short Term Investments	- 0.08	Other Liab
Short Term Debt	- 0.05	Short Term Investments