| MIR Stock | | | USD 16.58 0.20 1.19% |
Mirion Technologies financial indicator trend analysis is infinitely more than just investigating Mirion Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mirion Technologies is a good investment. Please check the relationship between Mirion Technologies Total Revenue and its Minority Interest accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mirion Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
To learn how to invest in Mirion Stock, please use our
How to Invest in Mirion Technologies guide.
Total Revenue vs Minority Interest
Total Revenue vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mirion Technologies Total Revenue account and
Minority Interest. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Mirion Technologies' Total Revenue and Minority Interest is -0.69. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Mirion Technologies, assuming nothing else is changed. The correlation between historical values of Mirion Technologies' Total Revenue and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Mirion Technologies are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Total Revenue i.e., Mirion Technologies' Total Revenue and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.69 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Revenue
Total revenue comprises all receipts Mirion Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Mirion Technologies whose combined shares represent less than 50% of the total outstanding shares issued by Mirion Technologies have a minority interest in Mirion Technologies.
Most indicators from Mirion Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mirion Technologies 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 Mirion Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
To learn how to invest in Mirion Stock, please use our
How to Invest in Mirion Technologies guide.At this time, Mirion Technologies'
Selling General Administrative is relatively stable compared to the past year. As of 11/25/2024,
Sales General And Administrative To Revenue is likely to grow to 0.44, while
Issuance Of Capital Stock is likely to drop slightly above 128.2
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 251.8M | 317.2M | 356.4M | 263.4M | Total Revenue | 611.6M | 717.8M | 800.9M | 624.0M |
Mirion Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Mirion Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mirion Technologies fundamental ratios Accounts
Additional Tools for Mirion Stock Analysis
When running Mirion Technologies' price analysis, check to
measure Mirion Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mirion Technologies is operating at the current time. Most of Mirion Technologies' value examination focuses on studying past and present price action to
predict the probability of Mirion Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirion Technologies' price. Additionally, you may evaluate how the addition of Mirion Technologies to your portfolios can decrease your overall portfolio volatility.