Merck Gross Profit vs Income Before Tax Analysis

0QAH Stock

USD 103.50 27.80 21.17%

Merck financial indicator trend analysis is infinitely more than just investigating Merck Company recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Merck Company is a good investment. Please check the relationship between Merck Gross Profit and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Merck Company. 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 Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Merck Company Gross Profit account and Income Before Tax. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Merck's Gross Profit and Income Before Tax is 0.17. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Merck Company, assuming nothing else is changed. The correlation between historical values of Merck's Gross Profit and Income Before Tax 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 Merck Company are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Gross Profit i.e., Merck's Gross Profit and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

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Gross Profit

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

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Merck income statement and is an important metric when analyzing Merck Company profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from Merck's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Merck Company 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 Merck Company. 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.

At this time, Merck's Tax Provision is quite stable compared to the past year. Selling General Administrative is expected to rise to about 10.8 B this year, although the value of Discontinued Operations will most likely fall to about 601.9 M.

	2020	2021	2023	2024 (projected)
EBIT	7.7B	13.9B	16.0B	11.8B
Discontinued Operations	2.5B	704M	633.6M	601.9M

Ebit Discontinued Operations

Merck fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Liab
Other Current Liab		0.91	-0.8	0.74	0.62	-0.07	0.81	0.59	0.17	0.96	0.23	0.66	-0.54	0.82	0.61	0.59	0.72	0.17	0.25	0.58	-0.53	0.64	0.59	0.31	0.47	0.32
Total Current Liabilities	0.91		-0.71	0.66	0.62	0.04	0.93	0.6	0.23	0.91	0.23	0.62	-0.67	0.73	0.67	0.58	0.67	0.28	0.23	0.67	-0.6	0.67	0.68	0.56	0.64	0.55
Other Liab	-0.8	-0.71		-0.99	-0.89	0.03	-0.6	-0.87	-0.6	-0.86	-0.6	-0.93	0.72	-0.95	-0.91	-0.89	-0.99	-0.16	-0.44	-0.87	0.82	-0.9	-0.88	-0.49	-0.7	-0.44
Net Tangible Assets	0.74	0.66	-0.99		0.9	-0.1	0.52	0.84	0.66	0.79	0.57	0.94	-0.76	0.89	0.91	0.89	0.98	0.1	0.52	0.86	-0.87	0.87	0.89	0.57	0.68	0.46
Retained Earnings	0.62	0.62	-0.89	0.9		0.29	0.6	0.94	0.45	0.69	0.8	0.99	-0.57	0.85	0.96	0.99	0.9	-0.15	0.72	0.92	-0.96	0.81	0.92	0.5	0.64	0.28
Accounts Payable	-0.07	0.04	0.03	-0.1	0.29		0.39	0.43	-0.4	0.05	0.7	0.17	0.37	0.18	0.24	0.35	0.03	-0.27	0.22	0.29	-0.19	0.14	0.23	-0.27	0.16	-0.28
Other Assets	0.81	0.93	-0.6	0.52	0.6	0.39		0.67	0.04	0.86	0.43	0.56	-0.46	0.72	0.64	0.6	0.59	0.24	0.17	0.67	-0.53	0.66	0.66	0.36	0.65	0.42
Net Receivables	0.59	0.6	-0.87	0.84	0.94	0.43	0.67		0.47	0.74	0.89	0.91	-0.54	0.91	0.96	0.97	0.91	0.09	0.46	0.96	-0.85	0.92	0.94	0.39	0.79	0.37
Inventory	0.17	0.23	-0.6	0.66	0.45	-0.4	0.04	0.47		0.33	0.25	0.49	-0.85	0.46	0.61	0.45	0.67	0.54	0.02	0.63	-0.52	0.7	0.65	0.7	0.73	0.78
Other Current Assets	0.96	0.91	-0.86	0.79	0.69	0.05	0.86	0.74	0.33		0.41	0.71	-0.63	0.92	0.74	0.69	0.83	0.34	0.16	0.74	-0.59	0.82	0.73	0.37	0.68	0.47
Other Stockholder Equity	0.23	0.23	-0.6	0.57	0.8	0.7	0.43	0.89	0.25	0.41		0.74	-0.17	0.69	0.78	0.86	0.67	-0.14	0.48	0.78	-0.68	0.69	0.74	0.09	0.56	0.04
Total Current Assets	0.66	0.62	-0.93	0.94	0.99	0.17	0.56	0.91	0.49	0.71	0.74		-0.6	0.86	0.95	0.98	0.92	-0.15	0.72	0.89	-0.95	0.81	0.91	0.51	0.61	0.28
Common Stock	-0.54	-0.67	0.72	-0.76	-0.57	0.37	-0.46	-0.54	-0.85	-0.63	-0.17	-0.6		-0.59	-0.72	-0.54	-0.75	-0.54	-0.12	-0.73	0.66	-0.77	-0.77	-0.89	-0.83	-0.91
Property Plant Equipment	0.82	0.73	-0.95	0.89	0.85	0.18	0.72	0.91	0.46	0.92	0.69	0.86	-0.59		0.88	0.87	0.95	0.23	0.31	0.87	-0.72	0.92	0.85	0.31	0.72	0.38
Total Assets	0.61	0.67	-0.91	0.91	0.96	0.24	0.64	0.96	0.61	0.74	0.78	0.95	-0.72	0.88		0.97	0.95	0.11	0.53	0.99	-0.94	0.93	0.99	0.61	0.83	0.51
Total Stockholder Equity	0.59	0.58	-0.89	0.89	0.99	0.35	0.6	0.97	0.45	0.69	0.86	0.98	-0.54	0.87	0.97		0.91	-0.1	0.66	0.93	-0.93	0.85	0.93	0.44	0.68	0.28
Property Plant And Equipment Net	0.72	0.67	-0.99	0.98	0.9	0.03	0.59	0.91	0.67	0.83	0.67	0.92	-0.75	0.95	0.95	0.91		0.22	0.4	0.93	-0.84	0.95	0.93	0.52	0.78	0.51
Net Debt	0.17	0.28	-0.16	0.1	-0.15	-0.27	0.24	0.09	0.54	0.34	-0.14	-0.15	-0.54	0.23	0.11	-0.1	0.22		-0.75	0.22	0.16	0.44	0.2	0.27	0.61	0.77
Cash	0.25	0.23	-0.44	0.52	0.72	0.22	0.17	0.46	0.02	0.16	0.48	0.72	-0.12	0.31	0.53	0.66	0.4	-0.75		0.42	-0.77	0.19	0.46	0.32	0.02	-0.21
Non Current Assets Total	0.58	0.67	-0.87	0.86	0.92	0.29	0.67	0.96	0.63	0.74	0.78	0.89	-0.73	0.87	0.99	0.93	0.93	0.22	0.42		-0.89	0.95	1.0	0.61	0.89	0.58
Non Currrent Assets Other	-0.53	-0.6	0.82	-0.87	-0.96	-0.19	-0.53	-0.85	-0.52	-0.59	-0.68	-0.95	0.66	-0.72	-0.94	-0.93	-0.84	0.16	-0.77	-0.89		-0.75	-0.92	-0.69	-0.65	-0.39
Long Term Debt	0.64	0.67	-0.9	0.87	0.81	0.14	0.66	0.92	0.7	0.82	0.69	0.81	-0.77	0.92	0.93	0.85	0.95	0.44	0.19	0.95	-0.75		0.94	0.53	0.92	0.65
Good Will	0.59	0.68	-0.88	0.89	0.92	0.23	0.66	0.94	0.65	0.73	0.74	0.91	-0.77	0.85	0.99	0.93	0.93	0.2	0.46	1.0	-0.92	0.94		0.68	0.88	0.61
Common Stock Shares Outstanding	0.31	0.56	-0.49	0.57	0.5	-0.27	0.36	0.39	0.7	0.37	0.09	0.51	-0.89	0.31	0.61	0.44	0.52	0.27	0.32	0.61	-0.69	0.53	0.68		0.67	0.82
Non Current Liabilities Total	0.47	0.64	-0.7	0.68	0.64	0.16	0.65	0.79	0.73	0.68	0.56	0.61	-0.83	0.72	0.83	0.68	0.78	0.61	0.02	0.89	-0.65	0.92	0.88	0.67		0.84
Total Liab	0.32	0.55	-0.44	0.46	0.28	-0.28	0.42	0.37	0.78	0.47	0.04	0.28	-0.91	0.38	0.51	0.28	0.51	0.77	-0.21	0.58	-0.39	0.65	0.61	0.82	0.84

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Merck Account Relationship Matchups

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When determining whether Merck Company 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 Merck 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 Merck Company Stock. Highlighted below are key reports to facilitate an investment decision about Merck Company Stock:

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Please note, there is a significant difference between Merck's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merck is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merck's 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.

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Merck Gross Profit vs Income Before Tax Analysis

Gross Profit vs Income Before Tax

Gross Profit vs Income Before Tax Correlation Analysis

Correlation Coefficient

Gross Profit

Income Before Tax

Merck fundamental ratios Correlations

Merck Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Good Will	+ 1.0	Non Current Assets Total
Total Current Assets	+ 0.99	Retained Earnings
Total Stockholder Equity	+ 0.99	Retained Earnings
Non Current Assets Total	+ 0.99	Total Assets
Good Will	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Net Tangible Assets

Property Plant And Equipment Net	- 0.99	Other Liab
Net Tangible Assets	- 0.99	Other Liab
Non Currrent Assets Other	- 0.96	Retained Earnings
Non Currrent Assets Other	- 0.95	Total Current Assets
Property Plant Equipment	- 0.95	Other Liab
Non Currrent Assets Other	- 0.94	Total Assets