Mynaric Gross Profit vs Operating Income Analysis

0AR9 Stock

5.02 3.59 251.05%

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

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mynaric AG Gross Profit account and Operating Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Mynaric AG's Gross Profit and Operating Income is 0.73. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Mynaric AG, assuming nothing else is changed. The correlation between historical values of Mynaric AG's Gross Profit 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 Gross Profit of Mynaric AG 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 Gross Profit i.e., Mynaric AG's Gross Profit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.73

Relationship Direction	Positive
Relationship Strength	Significant

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Mynaric AG minus its cost of goods sold. It is profit before Mynaric AG 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.

Operating Income

Operating Income is the amount of profit realized from Mynaric AG 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 Mynaric AG 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 Mynaric AG's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mynaric AG 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 Mynaric AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 26.1 M in 2024

Mynaric AG fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Non Current Liabilities Total	Other Current Assets	Accounts Payable	Short Term Investments	Current Deferred Revenue
Total Assets		0.75	0.81	0.08	0.94	0.34	-0.88	0.77	0.98	0.24	-0.58	0.77	0.46	0.8	0.88	0.96	0.79	0.97	0.86	0.96	0.76	0.75	0.91	0.89	-0.96	0.68
Other Current Liab	0.75		0.77	-0.04	0.8	0.44	-0.82	0.31	0.84	0.3	-0.77	0.31	0.78	0.87	0.78	0.87	0.65	0.61	0.75	0.79	0.59	0.53	0.7	0.75	-0.78	0.46
Total Current Liabilities	0.81	0.77		-0.5	0.96	0.82	-0.99	0.28	0.88	0.33	-0.79	0.28	0.73	0.81	0.99	0.87	0.99	0.71	0.52	0.81	0.97	0.95	0.86	0.97	-0.72	0.92
Total Stockholder Equity	0.08	-0.04	-0.5		-0.25	-0.89	0.37	0.57	-0.03	-0.19	0.41	0.57	-0.41	-0.12	-0.39	-0.04	-0.54	0.19	0.44	0.06	-0.58	-0.58	-0.15	-0.35	-0.2	-0.65
Property Plant And Equipment Net	0.94	0.8	0.96	-0.25		0.65	-0.98	0.5	0.97	0.28	-0.72	0.5	0.61	0.85	0.98	0.97	0.94	0.85	0.7	0.91	0.91	0.9	0.94	0.98	-0.88	0.85
Net Debt	0.34	0.44	0.82	-0.89	0.65		-0.73	-0.28	0.46	0.25	-0.64	-0.28	0.61	0.49	0.74	0.47	0.83	0.2	-0.02	0.35	0.84	0.84	0.53	0.7	-0.24	0.86
Retained Earnings	-0.88	-0.82	-0.99	0.37	-0.98	-0.73		-0.39	-0.93	-0.31	0.78	-0.39	-0.7	-0.87	-0.99	-0.93	-0.96	-0.78	-0.63	-0.88	-0.94	-0.91	-0.91	-0.98	0.8	-0.87
Cash	0.77	0.31	0.28	0.57	0.5	-0.28	-0.39		0.63	0.09	-0.12	1.0	0.0	0.43	0.39	0.59	0.3	0.88	0.79	0.71	0.28	0.29	0.56	0.44	-0.75	0.22
Non Current Assets Total	0.98	0.84	0.88	-0.03	0.97	0.46	-0.93	0.63		0.31	-0.68	0.63	0.58	0.86	0.93	0.99	0.84	0.91	0.85	0.94	0.8	0.78	0.92	0.93	-0.96	0.72
Non Currrent Assets Other	0.24	0.3	0.33	-0.19	0.28	0.25	-0.31	0.09	0.31		-0.76	0.07	0.41	0.32	0.35	0.32	0.32	0.23	0.29	0.06	0.26	0.3	0.32	0.32	-0.35	0.3
Other Assets	-0.58	-0.77	-0.79	0.41	-0.72	-0.64	0.78	-0.12	-0.68	-0.76		-0.12	-0.83	-0.74	-0.78	-0.71	-0.73	-0.48	-0.48	-0.52	-0.69	-0.67	-0.64	-0.73	0.61	-0.64
Cash And Short Term Investments	0.77	0.31	0.28	0.57	0.5	-0.28	-0.39	1.0	0.63	0.07	-0.12		0.0	0.43	0.39	0.59	0.29	0.88	0.79	0.71	0.28	0.28	0.56	0.44	-0.74	0.22
Net Receivables	0.46	0.78	0.73	-0.41	0.61	0.61	-0.7	0.0	0.58	0.41	-0.83	0.0		0.65	0.68	0.57	0.64	0.35	0.39	0.52	0.62	0.55	0.4	0.59	-0.45	0.54
Common Stock Shares Outstanding	0.8	0.87	0.81	-0.12	0.85	0.49	-0.87	0.43	0.86	0.32	-0.74	0.43	0.65		0.84	0.88	0.74	0.7	0.78	0.81	0.69	0.66	0.8	0.83	-0.8	0.6
Inventory	0.88	0.78	0.99	-0.39	0.98	0.74	-0.99	0.39	0.93	0.35	-0.78	0.39	0.68	0.84		0.92	0.98	0.78	0.62	0.86	0.95	0.94	0.92	0.99	-0.8	0.9
Other Stockholder Equity	0.96	0.87	0.87	-0.04	0.97	0.47	-0.93	0.59	0.99	0.32	-0.71	0.59	0.57	0.88	0.92		0.83	0.88	0.83	0.93	0.78	0.77	0.93	0.93	-0.95	0.69
Total Liab	0.79	0.65	0.99	-0.54	0.94	0.83	-0.96	0.3	0.84	0.32	-0.73	0.29	0.64	0.74	0.98	0.83		0.71	0.45	0.77	0.99	0.99	0.86	0.96	-0.68	0.97
Total Current Assets	0.97	0.61	0.71	0.19	0.85	0.2	-0.78	0.88	0.91	0.23	-0.48	0.88	0.35	0.7	0.78	0.88	0.71		0.84	0.93	0.68	0.68	0.86	0.81	-0.92	0.62
Intangible Assets	0.86	0.75	0.52	0.44	0.7	-0.02	-0.63	0.79	0.85	0.29	-0.48	0.79	0.39	0.78	0.62	0.83	0.45	0.84		0.81	0.39	0.37	0.7	0.63	-0.94	0.28
Common Stock	0.96	0.79	0.81	0.06	0.91	0.35	-0.88	0.71	0.94	0.06	-0.52	0.71	0.52	0.81	0.86	0.93	0.77	0.93	0.81		0.75	0.71	0.86	0.87	-0.89	0.64
Short Long Term Debt Total	0.76	0.59	0.97	-0.58	0.91	0.84	-0.94	0.28	0.8	0.26	-0.69	0.28	0.62	0.69	0.95	0.78	0.99	0.68	0.39	0.75		0.99	0.83	0.94	-0.63	0.98
Non Current Liabilities Total	0.75	0.53	0.95	-0.58	0.9	0.84	-0.91	0.29	0.78	0.3	-0.67	0.28	0.55	0.66	0.94	0.77	0.99	0.68	0.37	0.71	0.99		0.83	0.93	-0.63	0.99
Other Current Assets	0.91	0.7	0.86	-0.15	0.94	0.53	-0.91	0.56	0.92	0.32	-0.64	0.56	0.4	0.8	0.92	0.93	0.86	0.86	0.7	0.86	0.83	0.83		0.96	-0.85	0.78
Accounts Payable	0.89	0.75	0.97	-0.35	0.98	0.7	-0.98	0.44	0.93	0.32	-0.73	0.44	0.59	0.83	0.99	0.93	0.96	0.81	0.63	0.87	0.94	0.93	0.96		-0.81	0.89
Short Term Investments	-0.96	-0.78	-0.72	-0.2	-0.88	-0.24	0.8	-0.75	-0.96	-0.35	0.61	-0.74	-0.45	-0.8	-0.8	-0.95	-0.68	-0.92	-0.94	-0.89	-0.63	-0.63	-0.85	-0.81		-0.54
Current Deferred Revenue	0.68	0.46	0.92	-0.65	0.85	0.86	-0.87	0.22	0.72	0.3	-0.64	0.22	0.54	0.6	0.9	0.69	0.97	0.62	0.28	0.64	0.98	0.99	0.78	0.89	-0.54

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Mynaric AG Account Relationship Matchups

Mynaric AG fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	31.6M	91.5M	111.7M	83.9M	119.1M	125.0M
Other Current Liab	2.0M	4.8M	7.7M	22.7M	11.2M	11.8M
Total Current Liabilities	3.8M	8.9M	13.7M	43.2M	74.9M	78.6M
Total Stockholder Equity	21.7M	70.7M	84.9M	27.8M	(49.3M)	(46.8M)
Property Plant And Equipment Net	10.7M	18.0M	25.6M	31.1M	49.1M	51.6M
Net Debt	(2.2M)	(35.2M)	(39.1M)	11.8M	64.1M	67.3M
Retained Earnings	(27.5M)	(47.3M)	(92.8M)	(166.5M)	(260.1M)	(247.1M)
Cash	8.9M	43.2M	48.1M	10.2M	24.0M	17.7M
Non Current Assets Total	10.7M	41.2M	49.6M	53.5M	63.6M	66.8M
Non Currrent Assets Other	(10.7M)	359K	411K	449K	1.2M	1.3M
Cash And Short Term Investments	9.7M	43.2M	48.1M	10.4M	24.0M	17.9M
Net Receivables	(1.1M)	550K	(1.1M)	3.3M	2.0M	2.1M
Common Stock Shares Outstanding	2.9M	3.3M	4.3M	5.4M	6.0M	3.8M
Liabilities And Stockholders Equity	34.5M	91.5M	111.7M	83.9M	119.1M	125.0M
Inventory	1.3M	5.3M	8.5M	13.3M	22.7M	23.8M
Other Stockholder Equity	45.5M	108.2M	172.6M	189.3M	204.0M	214.2M
Total Liab	9.8M	20.8M	26.8M	56.1M	168.4M	176.8M
Total Current Assets	11.9M	50.3M	62.1M	30.4M	55.4M	58.2M
Accumulated Other Comprehensive Income	(53K)	5.8M	(184K)	(595K)	531K	504.5K
Intangible Assets	85K	17.9M	20.0M	18.1M	13.3M	7.5M
Common Stock	2.9M	4.0M	5.2M	5.7M	6.2M	6.5M
Non Current Liabilities Total	6.1M	11.9M	13.1M	12.9M	104.8M	110.1M
Other Current Assets	987K	1.3M	6.5M	3.3M	6.8M	7.2M
Accounts Payable	1.2M	1.7M	4.4M	4.2M	7.6M	8.0M
Short Term Investments	782K	77K	48K	172K	154.8K	147.1K

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Mynaric Gross Profit vs Operating Income Analysis

Gross Profit vs Operating Income

Gross Profit vs Operating Income Correlation Analysis

Correlation Coefficient

Gross Profit

Operating Income

Mynaric AG fundamental ratios Correlations

Mynaric AG Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mynaric AG fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Total Current Liabilities
Other Stockholder Equity	+ 0.99	Non Current Assets Total
Accounts Payable	+ 0.99	Inventory
Short Long Term Debt Total	+ 0.99	Total Liab

Inventory	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Total Current Liabilities
Accounts Payable	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Property Plant And Equipment Net
Short Term Investments	- 0.96	Non Current Assets Total
Total Liab	- 0.96	Retained Earnings