Magic Other Operating Expenses vs Income Tax Expense Analysis

MEGL Stock

USD 1.33 0.07 5.00%

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

Other Operating Expenses vs Income Tax Expense

Other Operating Expenses vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magic Empire Global Other Operating Expenses account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Magic Empire's Other Operating Expenses and Income Tax Expense is -0.26. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Magic Empire Global, assuming nothing else is changed. The correlation between historical values of Magic Empire's Other Operating Expenses and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Magic Empire Global are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Other Operating Expenses i.e., Magic Empire's Other Operating Expenses and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.26

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Magic Empire Global. It is also known as Magic Empire overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Tax Expense

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

At this time, Magic Empire's Enterprise Value Over EBITDA is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 352.86 this year, although the value of Selling General Administrative will most likely fall to about 3.8 M.

	2022	2023	2024	2025 (projected)
Gross Profit	1.6M	4.1M	3.7M	3.5M
Total Revenue	11.0M	13.8M	12.4M	14.4M

Gross Profit Total Revenue

Magic Empire fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	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	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Current Deferred Revenue	Non Current Liabilities Total	Capital Lease Obligations	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		-0.68	0.03	1.0	0.8	-0.79	-0.95	-0.98	0.91	0.81	0.7	0.53	0.91	0.34	0.76	0.41	0.03	0.92	0.94	-0.45	-0.12	-0.88	-0.85	-0.12	1.0	0.64
Other Current Liab	-0.68		-0.5	-0.71	-0.84	0.95	0.64	0.62	-0.64	-0.44	-0.37	-0.61	-0.64	-0.83	-0.79	-0.62	-0.5	-0.66	-0.67	0.84	-0.27	0.6	0.77	-0.27	-0.71	-0.73
Total Current Liabilities	0.03	-0.5		0.07	0.05	-0.58	0.03	-0.1	-0.01	0.08	0.11	-0.08	-0.01	0.32	0.57	-0.18	1.0	0.02	0.08	-0.79	-0.31	-0.16	0.11	-0.31	0.07	-0.12
Total Stockholder Equity	1.0	-0.71	0.07		0.81	-0.82	-0.95	-0.98	0.91	0.81	0.71	0.53	0.91	0.36	0.78	0.41	0.07	0.92	0.94	-0.49	-0.12	-0.89	-0.85	-0.12	1.0	0.64
Net Tangible Assets	0.8	-0.84	0.05	0.81		-0.79	-0.76	-0.73	0.82	0.58	0.51	0.55	0.82	0.67	0.74	0.76	0.05	0.82	0.86	-0.48	0.26	-0.71	-0.86	0.26	0.81	0.88
Property Plant And Equipment Net	-0.79	0.95	-0.58	-0.82	-0.79		0.74	0.77	-0.74	-0.59	-0.52	-0.51	-0.74	-0.63	-0.92	-0.41	-0.58	-0.76	-0.8	0.85	0.05	0.73	0.72	0.05	-0.82	-0.58
Net Debt	-0.95	0.64	0.03	-0.95	-0.76	0.74		0.94	-0.97	-0.62	-0.49	-0.65	-0.97	-0.23	-0.64	-0.3	0.03	-0.97	-0.91	0.33	0.09	0.73	0.86	0.09	-0.95	-0.52
Retained Earnings	-0.98	0.62	-0.1	-0.98	-0.73	0.77	0.94		-0.91	-0.84	-0.74	-0.4	-0.91	-0.2	-0.78	-0.26	-0.1	-0.91	-0.94	0.41	0.3	0.9	0.74	0.3	-0.98	-0.5
Cash	0.91	-0.64	-0.01	0.91	0.82	-0.74	-0.97	-0.91		0.58	0.46	0.6	1.0	0.23	0.69	0.31	-0.01	1.0	0.95	-0.29	-0.1	-0.7	-0.83	-0.1	0.91	0.53
Non Current Assets Total	0.81	-0.44	0.08	0.81	0.58	-0.59	-0.62	-0.84	0.58		0.99	-0.04	0.58	0.19	0.75	0.33	0.08	0.58	0.76	-0.38	-0.39	-0.98	-0.46	-0.39	0.81	0.52
Non Currrent Assets Other	0.7	-0.37	0.11	0.71	0.51	-0.52	-0.49	-0.74	0.46	0.99		-0.18	0.46	0.17	0.71	0.3	0.11	0.46	0.66	-0.36	-0.42	-0.95	-0.33	-0.42	0.71	0.47
Other Assets	0.53	-0.61	-0.08	0.53	0.55	-0.51	-0.65	-0.4	0.6	-0.04	-0.18		0.6	0.52	0.18	0.44	-0.08	0.61	0.44	-0.35	0.56	-0.12	-0.85	0.56	0.53	0.5
Cash And Short Term Investments	0.91	-0.64	-0.01	0.91	0.82	-0.74	-0.97	-0.91	1.0	0.58	0.46	0.6		0.23	0.69	0.31	-0.01	1.0	0.95	-0.29	-0.1	-0.7	-0.83	-0.1	0.91	0.53
Net Receivables	0.34	-0.83	0.32	0.36	0.67	-0.63	-0.23	-0.2	0.23	0.19	0.17	0.52	0.23		0.45	0.84	0.32	0.25	0.29	-0.74	0.65	-0.31	-0.61	0.65	0.36	0.81
Common Stock Shares Outstanding	0.76	-0.79	0.57	0.78	0.74	-0.92	-0.64	-0.78	0.69	0.75	0.71	0.18	0.69	0.45		0.3	0.57	0.71	0.83	-0.74	-0.32	-0.83	-0.52	-0.32	0.78	0.5
Other Current Assets	0.41	-0.62	-0.18	0.41	0.76	-0.41	-0.3	-0.26	0.31	0.33	0.3	0.44	0.31	0.84	0.3		-0.18	0.31	0.38	-0.35	0.71	-0.4	-0.68	0.71	0.41	0.96
Total Liab	0.03	-0.5	1.0	0.07	0.05	-0.58	0.03	-0.1	-0.01	0.08	0.11	-0.08	-0.01	0.32	0.57	-0.18		0.02	0.08	-0.79	-0.31	-0.16	0.11	-0.31	0.07	-0.12
Total Current Assets	0.92	-0.66	0.02	0.92	0.82	-0.76	-0.97	-0.91	1.0	0.58	0.46	0.61	1.0	0.25	0.71	0.31	0.02		0.95	-0.32	-0.1	-0.7	-0.83	-0.1	0.92	0.53
Common Stock	0.94	-0.67	0.08	0.94	0.86	-0.8	-0.91	-0.94	0.95	0.76	0.66	0.44	0.95	0.29	0.83	0.38	0.08	0.95		-0.4	-0.2	-0.84	-0.78	-0.2	0.94	0.61
Property Plant Equipment	-0.45	0.84	-0.79	-0.49	-0.48	0.85	0.33	0.41	-0.29	-0.38	-0.36	-0.35	-0.29	-0.74	-0.74	-0.35	-0.79	-0.32	-0.4		-0.06	0.48	0.43	-0.06	-0.49	-0.44
Short Long Term Debt Total	-0.12	-0.27	-0.31	-0.12	0.26	0.05	0.09	0.3	-0.1	-0.39	-0.42	0.56	-0.1	0.65	-0.32	0.71	-0.31	-0.1	-0.2	-0.06		0.3	-0.4	1.0	-0.12	0.54
Current Deferred Revenue	-0.88	0.6	-0.16	-0.89	-0.71	0.73	0.73	0.9	-0.7	-0.98	-0.95	-0.12	-0.7	-0.31	-0.83	-0.4	-0.16	-0.7	-0.84	0.48	0.3		0.59	0.3	-0.89	-0.6
Non Current Liabilities Total	-0.85	0.77	0.11	-0.85	-0.86	0.72	0.86	0.74	-0.83	-0.46	-0.33	-0.85	-0.83	-0.61	-0.52	-0.68	0.11	-0.83	-0.78	0.43	-0.4	0.59		-0.4	-0.85	-0.8
Capital Lease Obligations	-0.12	-0.27	-0.31	-0.12	0.26	0.05	0.09	0.3	-0.1	-0.39	-0.42	0.56	-0.1	0.65	-0.32	0.71	-0.31	-0.1	-0.2	-0.06	1.0	0.3	-0.4		-0.12	0.54
Net Invested Capital	1.0	-0.71	0.07	1.0	0.81	-0.82	-0.95	-0.98	0.91	0.81	0.71	0.53	0.91	0.36	0.78	0.41	0.07	0.92	0.94	-0.49	-0.12	-0.89	-0.85	-0.12		0.64
Property Plant And Equipment Gross	0.64	-0.73	-0.12	0.64	0.88	-0.58	-0.52	-0.5	0.53	0.52	0.47	0.5	0.53	0.81	0.5	0.96	-0.12	0.53	0.61	-0.44	0.54	-0.6	-0.8	0.54	0.64

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Magic Empire Account Relationship Matchups

Magic Empire fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	16.3M	25.7M	144.1M	138.3M	159.0M	166.9M
Other Current Liab	(5.7M)	(2.1M)	(3.9M)	(2.9M)	(2.6M)	(2.5M)
Total Current Liabilities	12.4M	52.3K	1.1M	4.0M	3.6M	3.1M
Total Stockholder Equity	3.9M	5.5M	136.3M	134.3M	154.4M	162.1M
Property Plant And Equipment Net	3.0M	5.5M	3.6M	3.4M	3.0M	3.5M
Net Debt	(5.5M)	(6.2M)	(118.2M)	(90.7M)	(81.6M)	(77.5M)
Retained Earnings	3.9M	5.5M	(2.3M)	(4.4M)	(4.0M)	(3.8M)
Cash	7.9M	11.7M	121.8M	92.4M	106.3M	54.9M
Non Current Assets Total	3.0M	5.5M	3.6M	42.0M	48.3M	50.7M
Non Currrent Assets Other	(3.0M)	(391.8K)	(14.5M)	38.6M	44.4M	46.7M
Other Assets	5.4M	8.5M	18.7M	3.8M	4.4M	8.8M
Cash And Short Term Investments	7.9M	11.7M	121.8M	92.4M	106.3M	54.9M
Net Receivables	4.1M	5.2M	3.2M	2.8M	3.2M	3.8M
Liabilities And Stockholders Equity	16.3M	25.7M	144.1M	138.3M	159.0M	166.9M
Total Liab	12.4M	52.3K	1.1M	4.0M	3.6M	3.1M
Total Current Assets	13.3M	11.7M	121.8M	92.4M	106.3M	56.1M

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When determining whether Magic Empire Global is a strong investment it is important to analyze Magic Empire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Magic Empire's future performance. For an informed investment choice regarding Magic Stock, refer to the following important reports:

How To Invest In Magic

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Is Magic Stock a good investment?

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What is Magic Empire's Net Worth?

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Largest Asset Management & Custody Banks Companies

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Largest Financial Services Companies

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

You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Is Asset Management & Custody Banks 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 Magic Empire. If investors know Magic 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 Magic Empire 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

(0.14)

Earnings Share

(0.02)

Revenue Per Share

3.047

Quarterly Revenue Growth

0.269

Return On Assets

(0)

The market value of Magic Empire Global is measured differently than its book value, which is the value of Magic that is recorded on the company's balance sheet. Investors also form their own opinion of Magic Empire's value that differs from its market value or its book value, called intrinsic value, which is Magic Empire'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 Magic Empire's market value can be influenced by many factors that don't directly affect Magic Empire'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 Magic Empire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magic Empire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magic Empire'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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Magic Other Operating Expenses vs Income Tax Expense Analysis

Other Operating Expenses vs Income Tax Expense

Other Operating Expenses vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Other Operating Expenses

Income Tax Expense

Magic Empire fundamental ratios Correlations

Magic Empire Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Magic Empire fundamental ratios Accounts

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

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Current Deferred Revenue	- 0.98	Non Current Assets Total
Net Invested Capital	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Total Stockholder Equity
Retained Earnings	- 0.98	Total Assets
Total Current Assets	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt