Meihua Operating Income vs Net Income Analysis
| MHUA Stock | USD 0.54 0.02 3.85% |
Meihua International financial indicator trend analysis is infinitely more than just investigating Meihua International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meihua International is a good investment. Please check the relationship between Meihua International Operating Income and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meihua International Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Operating Income vs Net Income
Operating Income vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meihua International Operating Income account and Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Meihua International's Operating Income and Net Income is 0.89. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Meihua International Medical, assuming nothing else is changed. The correlation between historical values of Meihua International's Operating Income and Net 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 Operating Income of Meihua International Medical are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Meihua International's Operating Income and Net Income go up and down completely randomly.
Correlation Coefficient | 0.89 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Operating Income
Operating Income is the amount of profit realized from Meihua International 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 Meihua International Medical 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.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Meihua International financial statement analysis. It represents the amount of money remaining after all of Meihua International Medical operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Meihua International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meihua International 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 Meihua International Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. The current year's Tax Provision is expected to grow to about 3.5 M, whereas Selling General Administrative is forecasted to decline to about 7.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Tax Provision | 5.3M | 4.7M | 3.5M | 3.5M | Income Tax Expense | 5.3M | 4.7M | 3.5M | 4.6M |
Meihua International fundamental ratios Correlations
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Meihua International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Meihua International fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 1.6M | 708.6K | 3.9M | 856.7K | 842.2K | 1.6M | |
| Total Current Liabilities | 13.5M | 21.3M | 30.0M | 24.2M | 25.1M | 24.2M | |
| Retained Earnings | 39.4M | 56.6M | 76.6M | 83.3M | 94.6M | 71.1M | |
| Accounts Payable | 9.4M | 15.6M | 21.0M | 16.1M | 15.8M | 16.8M | |
| Net Receivables | 35.4M | 58.6M | 86.5M | 91.0M | 99.5M | 74.1M | |
| Inventory | 1.0M | 1.3M | 1.3M | 1.1M | 1.6M | 1.1M | |
| Other Current Assets | 107.9K | 496.6K | 1.4M | 16.4M | 14.2M | 14.9M | |
| Total Current Assets | 52.6M | 67.6M | 97.3M | 135.3M | 132.2M | 98.1M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Meihua International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Meihua International'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 Meihua International Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Meihua International Medical Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meihua International Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Is Health Care Equipment & Supplies 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 Meihua International. If investors know Meihua 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 Meihua International 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 (0.42) | Earnings Share 0.37 | Revenue Per Share 3.847 | Quarterly Revenue Growth (0.06) | Return On Assets 0.042 |
The market value of Meihua International is measured differently than its book value, which is the value of Meihua that is recorded on the company's balance sheet. Investors also form their own opinion of Meihua International's value that differs from its market value or its book value, called intrinsic value, which is Meihua International'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 Meihua International's market value can be influenced by many factors that don't directly affect Meihua International'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 Meihua International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meihua International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meihua International'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.