Mayville Income Before Tax vs Total Operating Expenses Analysis

MEC Stock

USD 16.99 0.43 2.60%

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

Income Before Tax vs Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mayville Engineering Income Before Tax account and Total Operating Expenses. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Mayville Engineering's Income Before Tax and Total Operating Expenses is -0.33. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Mayville Engineering Co, assuming nothing else is changed. The correlation between historical values of Mayville Engineering's Income Before Tax 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 Income Before Tax of Mayville Engineering Co 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 Income Before Tax i.e., Mayville Engineering's Income Before Tax and Total Operating Expenses go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Mayville Engineering income statement and is an important metric when analyzing Mayville Engineering 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.

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 Mayville Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mayville Engineering 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 Mayville Engineering Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At present, Mayville Engineering's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 13.07, whereas Selling General Administrative is forecasted to decline to about 37.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.0M	3.4M	11.1M	11.6M
Depreciation And Amortization	31.8M	33.6M	35.1M	32.5M

Interest Expense Depreciation And Amortization

Mayville Engineering fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		0.65	0.75	0.86	0.89	-0.81	0.75	0.93	-0.03	0.66	0.59	0.95	0.38	0.99	0.07	0.28	0.58	0.38	0.97	0.98	0.91	0.36	0.23	0.82	0.92	0.88
Short Long Term Debt Total	0.65		0.31	0.61	0.27	-0.15	0.1	0.7	-0.3	1.0	0.84	0.58	0.77	0.66	-0.15	-0.33	0.97	0.77	0.61	0.58	0.69	0.34	0.64	0.94	0.56	0.36
Other Current Liab	0.75	0.31		0.91	0.72	-0.7	0.67	0.72	0.31	0.31	0.24	0.87	0.12	0.68	-0.4	0.44	0.17	0.12	0.83	0.67	0.53	0.6	0.03	0.4	0.87	0.9
Total Current Liabilities	0.86	0.61	0.91		0.67	-0.6	0.54	0.8	0.24	0.61	0.44	0.96	0.46	0.8	-0.34	0.25	0.51	0.46	0.93	0.76	0.63	0.52	0.38	0.7	0.93	0.83
Total Stockholder Equity	0.89	0.27	0.72	0.67		-0.98	0.95	0.83	0.01	0.27	0.34	0.82	-0.04	0.89	0.19	0.49	0.17	-0.04	0.85	0.91	0.82	0.28	-0.19	0.49	0.82	0.93
Other Liab	-0.81	-0.15	-0.7	-0.6	-0.98		-0.99	-0.78	0.08	-0.16	-0.26	-0.74	0.2	-0.8	-0.17	-0.44	-0.04	0.2	-0.77	-0.84	-0.77	-0.35	0.35	-0.36	-0.77	-0.91
Net Tangible Assets	0.75	0.1	0.67	0.54	0.95	-0.99		0.74	-0.14	0.1	0.22	0.68	-0.29	0.74	0.17	0.41	-0.02	-0.29	0.71	0.78	0.74	0.38	-0.44	0.28	0.73	0.88
Property Plant And Equipment Net	0.93	0.7	0.72	0.8	0.83	-0.78	0.74		-0.18	0.7	0.74	0.84	0.24	0.93	-0.15	0.06	0.56	0.24	0.87	0.88	0.91	0.43	0.09	0.76	0.87	0.89
Current Deferred Revenue	-0.03	-0.3	0.31	0.24	0.01	0.08	-0.14	-0.18		-0.3	-0.35	0.16	0.08	-0.07	-0.28	0.53	-0.29	0.08	0.09	-0.08	-0.4	-0.37	0.25	-0.19	0.06	0.11
Net Debt	0.66	1.0	0.31	0.61	0.27	-0.16	0.1	0.7	-0.3		0.85	0.58	0.76	0.66	-0.16	-0.33	0.97	0.76	0.61	0.58	0.69	0.34	0.64	0.94	0.56	0.36
Retained Earnings	0.59	0.84	0.24	0.44	0.34	-0.26	0.22	0.74	-0.35	0.85		0.41	0.46	0.64	-0.24	-0.39	0.74	0.46	0.46	0.52	0.65	0.18	0.35	0.77	0.4	0.41
Accounts Payable	0.95	0.58	0.87	0.96	0.82	-0.74	0.68	0.84	0.16	0.58	0.41		0.42	0.9	-0.07	0.36	0.52	0.42	0.99	0.9	0.77	0.45	0.31	0.74	0.97	0.87
Cash	0.38	0.77	0.12	0.46	-0.04	0.2	-0.29	0.24	0.08	0.76	0.46	0.42		0.39	0.0	-0.08	0.86	1.0	0.42	0.34	0.29	0.1	0.94	0.77	0.27	-0.01
Non Current Assets Total	0.99	0.66	0.68	0.8	0.89	-0.8	0.74	0.93	-0.07	0.66	0.64	0.9	0.39		0.13	0.27	0.6	0.39	0.94	0.99	0.93	0.3	0.23	0.83	0.86	0.85
Non Currrent Assets Other	0.07	-0.15	-0.4	-0.34	0.19	-0.17	0.17	-0.15	-0.28	-0.16	-0.24	-0.07	0.0	0.13		0.33	0.0	0.0	0.0	0.25	0.24	-0.32	-0.11	0.07	-0.14	-0.17
Other Assets	0.28	-0.33	0.44	0.25	0.49	-0.44	0.41	0.06	0.53	-0.33	-0.39	0.36	-0.08	0.27	0.33		-0.32	-0.08	0.35	0.37	0.12	0.03	-0.19	-0.1	0.24	0.39
Long Term Debt	0.58	0.97	0.17	0.51	0.17	-0.04	-0.02	0.56	-0.29	0.97	0.74	0.52	0.86	0.6	0.0	-0.32		0.86	0.55	0.53	0.62	0.24	0.75	0.94	0.46	0.2
Cash And Short Term Investments	0.38	0.77	0.12	0.46	-0.04	0.2	-0.29	0.24	0.08	0.76	0.46	0.42	1.0	0.39	0.0	-0.08	0.86		0.42	0.34	0.29	0.1	0.94	0.77	0.27	-0.01
Net Receivables	0.97	0.61	0.83	0.93	0.85	-0.77	0.71	0.87	0.09	0.61	0.46	0.99	0.42	0.94	0.0	0.35	0.55	0.42		0.94	0.83	0.45	0.28	0.78	0.96	0.88
Good Will	0.98	0.58	0.67	0.76	0.91	-0.84	0.78	0.88	-0.08	0.58	0.52	0.9	0.34	0.99	0.25	0.37	0.53	0.34	0.94		0.93	0.31	0.16	0.78	0.86	0.84
Common Stock Total Equity	0.91	0.69	0.53	0.63	0.82	-0.77	0.74	0.91	-0.4	0.69	0.65	0.77	0.29	0.93	0.24	0.12	0.62	0.29	0.83	0.93		0.43	0.06	0.8	0.78	0.75
Common Stock Shares Outstanding	0.36	0.34	0.6	0.52	0.28	-0.35	0.38	0.43	-0.37	0.34	0.18	0.45	0.1	0.3	-0.32	0.03	0.24	0.1	0.45	0.31	0.43		-0.1	0.26	0.52	0.45
Long Term Debt Total	0.23	0.64	0.03	0.38	-0.19	0.35	-0.44	0.09	0.25	0.64	0.35	0.31	0.94	0.23	-0.11	-0.19	0.75	0.94	0.28	0.16	0.06	-0.1		0.64	0.16	-0.13
Non Current Liabilities Total	0.82	0.94	0.4	0.7	0.49	-0.36	0.28	0.76	-0.19	0.94	0.77	0.74	0.77	0.83	0.07	-0.1	0.94	0.77	0.78	0.78	0.8	0.26	0.64		0.68	0.49
Inventory	0.92	0.56	0.87	0.93	0.82	-0.77	0.73	0.87	0.06	0.56	0.4	0.97	0.27	0.86	-0.14	0.24	0.46	0.27	0.96	0.86	0.78	0.52	0.16	0.68		0.9
Other Current Assets	0.88	0.36	0.9	0.83	0.93	-0.91	0.88	0.89	0.11	0.36	0.41	0.87	-0.01	0.85	-0.17	0.39	0.2	-0.01	0.88	0.84	0.75	0.45	-0.13	0.49	0.9

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Mayville Engineering Account Relationship Matchups

Mayville Engineering fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	369.4M	338.5M	379.5M	440.6M	496.7M	413.4M
Short Long Term Debt Total	75.9M	47.9M	68.8M	109.0M	182.1M	116.5M
Other Current Liab	3.4M	18.6M	27.3M	43.5M	19.3M	20.8M
Total Current Liabilities	48.2M	52.7M	77.4M	102.4M	71.7M	75.0M
Total Stockholder Equity	200.9M	200.9M	198.3M	217.9M	230.0M	195.4M
Other Liab	39.2M	37.6M	35.3M	15.4M	13.8M	13.1M
Net Tangible Assets	57.2M	67.9M	76.0M	102.5M	117.9M	123.8M
Property Plant And Equipment Net	128.3M	109.3M	120.7M	181.8M	208.0M	151.6M
Current Deferred Revenue	12.0M	13.3M	14.0M	18.1M	(365K)	(346.8K)
Net Debt	75.9M	47.8M	68.7M	108.9M	181.4M	115.8M
Retained Earnings	22.1M	15.0M	7.5M	26.3M	34.1M	23.5M
Accounts Payable	32.2M	33.5M	50.1M	53.7M	46.5M	44.2M
Cash	1K	121K	118K	127K	672K	480.5K
Non Current Assets Total	278.9M	249.3M	246.9M	299.3M	362.0M	293.2M
Non Currrent Assets Other	6.9M	7.0M	3.9M	(9.7M)	2.7M	2.9M
Other Assets	1.1M	7.0M	3.9M	2.1M	(1.0)	(0.95)
Long Term Debt	72.6M	45.3M	67.6M	72.2M	147.5M	101.2M
Cash And Short Term Investments	1K	121K	118K	127K	672K	480.5K
Net Receivables	40.2M	42.1M	55.4M	58.0M	57.4M	52.1M
Common Stock Shares Outstanding	17.4M	19.9M	20.4M	20.7M	20.7M	21.8M
Long Term Debt Total	75.3M	47.3M	68.5M	72.2M	65.0M	67.2M
Liabilities And Stockholders Equity	369.4M	338.5M	379.5M	440.6M	496.7M	413.4M
Non Current Liabilities Total	120.3M	84.9M	103.8M	120.3M	195.0M	142.9M
Capital Lease Obligations	3.3M	2.1M	892K	36.7M	33.7M	35.4M
Inventory	45.7M	41.4M	70.2M	71.7M	67.8M	60.6M
Other Current Assets	4.6M	5.7M	6.9M	11.5M	8.7M	6.5M
Other Stockholder Equity	178.8M	185.9M	190.7M	191.6M	195.9M	173.5M
Total Liab	168.5M	137.7M	181.2M	222.7M	266.7M	217.9M
Net Invested Capital	273.5M	246.1M	265.9M	290.1M	377.5M	299.3M
Property Plant And Equipment Gross	128.3M	109.3M	120.7M	181.8M	450.6M	473.1M
Total Current Assets	90.5M	89.2M	132.6M	141.3M	134.6M	120.2M
Treasury Stock	(57.7M)	(4.9M)	(4.9M)	(6.5M)	(7.4M)	(7.8M)
Cash And Equivalents	1K	121K	118K	127K	114.3K	108.6K
Net Working Capital	42.3M	36.5M	55.2M	38.9M	62.9M	45.2M
Short Term Debt	598K	626K	315K	5.2M	5.9M	3.4M
Intangible Assets	72.2M	61.5M	50.8M	43.8M	58.7M	61.1M

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When determining whether Mayville Engineering offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mayville Engineering's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mayville Engineering Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mayville Engineering Co Stock:

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Is Mayville Stock a good investment?

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What is Mayville Engineering's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mayville Engineering Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mayville Engineering. If investors know Mayville will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mayville Engineering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

Earnings Share

0.59

Revenue Per Share

29.624

Quarterly Revenue Growth

(0.14)

Return On Assets

0.0313

The market value of Mayville Engineering is measured differently than its book value, which is the value of Mayville that is recorded on the company's balance sheet. Investors also form their own opinion of Mayville Engineering's value that differs from its market value or its book value, called intrinsic value, which is Mayville Engineering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mayville Engineering's market value can be influenced by many factors that don't directly affect Mayville Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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

Income Before Tax vs Total Operating Expenses

Income Before Tax vs Total Operating Expenses Correlation Analysis

Correlation Coefficient

Income Before Tax

Total Operating Expenses

Mayville Engineering fundamental ratios Correlations

Mayville Engineering Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mayville Engineering fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Net Receivables	+ 0.99	Accounts Payable
Good Will	+ 0.99	Non Current Assets Total
Good Will	+ 0.98	Total Assets

Net Tangible Assets	- 0.99	Other Liab
Other Liab	- 0.98	Total Stockholder Equity
Other Current Assets	- 0.91	Other Liab
Good Will	- 0.84	Other Liab
Other Liab	- 0.81	Total Assets
Non Current Assets Total	- 0.8	Other Liab