Mirion Technologies Stock Gross Profit

MIR Stock

USD 16.94 0.49 2.98%

Mirion Technologies fundamentals help investors to digest information that contributes to Mirion Technologies' financial success or failures. It also enables traders to predict the movement of Mirion Stock. The fundamental analysis module provides a way to measure Mirion Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mirion Technologies stock.

	Last Reported	Projected for Next Year
Gross Profit	356.4 M	263.4 M
Gross Profit Margin	0.44	0.31

As of 12/04/2024, Gross Profit is likely to drop to about 263.4 M. In addition to that, Gross Profit Margin is likely to drop to 0.31.

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Mirion Technologies Company Gross Profit Analysis

Mirion Technologies' Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Gross Profit

Revenue

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Cost of Revenue

More About Gross Profit | All Equity Analysis

Current Mirion Technologies Gross Profit

317.2 M

Most of Mirion Technologies' fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mirion Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Mirion Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Mirion Technologies is extremely important. It helps to project a fair market value of Mirion Stock properly, considering its historical fundamentals such as Gross Profit. Since Mirion Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Mirion Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Mirion Technologies' interrelated accounts and indicators.

	Net Tangible Assets	Retained Earnings	Accounts Payable	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Current Deferred Revenue	Long Term Debt	Good Will	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Short Term Debt	Intangible Assets	Short Term Investments	Short Long Term Debt
Net Tangible Assets		-0.69	0.73	-0.09	0.72	-0.14	0.43	0.56	0.35	-0.1	0.61	0.55	-0.43	0.65	0.7	-0.71	0.62	-0.7	0.65	-0.56	-0.37	0.6	0.1	-0.33
Retained Earnings	-0.69		-0.82	-0.43	-0.96	0.08	-0.87	-0.8	-0.56	-0.27	-0.81	-0.8	0.15	-0.93	-0.94	0.87	-0.82	0.85	-0.93	0.93	0.09	-0.72	-0.23	0.6
Accounts Payable	0.73	-0.82		0.57	0.91	0.24	0.82	0.96	0.52	0.3	0.98	0.95	-0.16	0.9	0.88	-0.93	0.96	-0.94	0.9	-0.9	-0.08	0.93	-0.1	-0.21
Net Receivables	-0.09	-0.43	0.57		0.49	0.23	0.7	0.68	0.33	0.3	0.69	0.68	-0.03	0.57	0.54	-0.62	0.65	-0.63	0.57	-0.61	0.0	0.61	-0.14	-0.07
Total Current Assets	0.72	-0.96	0.91	0.49		0.12	0.93	0.91	0.67	0.31	0.92	0.91	-0.17	0.99	0.98	-0.94	0.94	-0.93	0.99	-0.96	-0.08	0.88	0.19	-0.53
Common Stock	-0.14	0.08	0.24	0.23	0.12		0.26	0.42	0.53	0.58	0.3	0.44	0.66	0.17	0.02	-0.04	0.32	-0.05	0.17	-0.27	0.71	0.38	-0.03	0.1
Property Plant Equipment	0.43	-0.87	0.82	0.7	0.93	0.26		0.91	0.74	0.46	0.9	0.91	-0.02	0.96	0.93	-0.88	0.92	-0.87	0.96	-0.96	0.06	0.87	0.22	-0.53
Total Assets	0.56	-0.8	0.96	0.68	0.91	0.42	0.91		0.68	0.43	0.99	1.0	0.0	0.93	0.88	-0.91	0.98	-0.91	0.93	-0.95	0.09	0.95	0.0	-0.3
Total Stockholder Equity	0.35	-0.56	0.52	0.33	0.67	0.53	0.74	0.68		0.4	0.61	0.68	0.16	0.71	0.65	-0.58	0.69	-0.56	0.71	-0.69	0.19	0.64	0.67	-0.74
Net Debt	-0.1	-0.27	0.3	0.3	0.31	0.58	0.46	0.43	0.4		0.34	0.45	0.62	0.33	0.21	-0.15	0.34	-0.15	0.33	-0.46	0.66	0.31	-0.01	-0.1
Total Liab	0.61	-0.81	0.98	0.69	0.92	0.3	0.9	0.99	0.61	0.34		0.98	-0.14	0.94	0.91	-0.95	0.99	-0.96	0.94	-0.92	-0.05	0.97	-0.04	-0.27
Net Invested Capital	0.55	-0.8	0.95	0.68	0.91	0.44	0.91	1.0	0.68	0.45	0.98		0.04	0.93	0.87	-0.89	0.98	-0.89	0.93	-0.95	0.12	0.95	0.0	-0.29
Capital Stock	-0.43	0.15	-0.16	-0.03	-0.17	0.66	-0.02	0.0	0.16	0.62	-0.14	0.04		-0.16	-0.31	0.39	-0.15	0.4	-0.16	-0.06	0.98	-0.18	-0.02	0.07
Net Working Capital	0.65	-0.93	0.9	0.57	0.99	0.17	0.96	0.93	0.71	0.33	0.94	0.93	-0.16		0.99	-0.95	0.96	-0.94	1.0	-0.96	-0.07	0.91	0.2	-0.52
Current Deferred Revenue	0.7	-0.94	0.88	0.54	0.98	0.02	0.93	0.88	0.65	0.21	0.91	0.87	-0.31	0.99		-0.97	0.93	-0.96	0.99	-0.92	-0.23	0.88	0.22	-0.55
Long Term Debt	-0.71	0.87	-0.93	-0.62	-0.94	-0.04	-0.88	-0.91	-0.58	-0.15	-0.95	-0.89	0.39	-0.95	-0.97		-0.96	1.0	-0.95	0.88	0.31	-0.92	-0.09	0.41
Good Will	0.62	-0.82	0.96	0.65	0.94	0.32	0.92	0.98	0.69	0.34	0.99	0.98	-0.15	0.96	0.93	-0.96		-0.96	0.96	-0.93	-0.06	0.98	0.05	-0.35
Long Term Debt Total	-0.7	0.85	-0.94	-0.63	-0.93	-0.05	-0.87	-0.91	-0.56	-0.15	-0.96	-0.89	0.4	-0.94	-0.96	1.0	-0.96		-0.94	0.87	0.32	-0.92	-0.05	0.36
Capital Surpluse	0.65	-0.93	0.9	0.57	0.99	0.17	0.96	0.93	0.71	0.33	0.94	0.93	-0.16	1.0	0.99	-0.95	0.96	-0.94		-0.97	-0.07	0.91	0.19	-0.52
Cash And Equivalents	-0.56	0.93	-0.9	-0.61	-0.96	-0.27	-0.96	-0.95	-0.69	-0.46	-0.92	-0.95	-0.06	-0.96	-0.92	0.88	-0.93	0.87	-0.97		-0.14	-0.86	-0.15	0.49
Short Term Debt	-0.37	0.09	-0.08	0.0	-0.08	0.71	0.06	0.09	0.19	0.66	-0.05	0.12	0.98	-0.07	-0.23	0.31	-0.06	0.32	-0.07	-0.14		-0.07	-0.09	0.1
Intangible Assets	0.6	-0.72	0.93	0.61	0.88	0.38	0.87	0.95	0.64	0.31	0.97	0.95	-0.18	0.91	0.88	-0.92	0.98	-0.92	0.91	-0.86	-0.07		-0.04	-0.22
Short Term Investments	0.1	-0.23	-0.1	-0.14	0.19	-0.03	0.22	0.0	0.67	-0.01	-0.04	0.0	-0.02	0.2	0.22	-0.09	0.05	-0.05	0.19	-0.15	-0.09	-0.04		-0.91
Short Long Term Debt	-0.33	0.6	-0.21	-0.07	-0.53	0.1	-0.53	-0.3	-0.74	-0.1	-0.27	-0.29	0.07	-0.52	-0.55	0.41	-0.35	0.36	-0.52	0.49	0.1	-0.22	-0.91

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Mirion Gross Profit Historical Pattern

Today, most investors in Mirion Technologies Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Mirion Technologies' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's gross profit growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Mirion Technologies gross profit as a starting point in their analysis.

Mirion Technologies Gross Profit

Timeline

Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Competition

Predict Mirion Technologies

Gross Profit Over Time

According to the company disclosure, Mirion Technologies reported 317.2 M of gross profit. This is 92.17% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The gross profit for all United States stocks is 98.84% higher than that of the company.

Mirion Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mirion Technologies' direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Mirion Technologies could also be used in its relative valuation, which is a method of valuing Mirion Technologies by comparing valuation metrics of similar companies.

Mirion Technologies is currently under evaluation in gross profit category among its peers.

Mirion Technologies ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Mirion Technologies' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Mirion Technologies' managers, analysts, and investors.

Environmental

Governance

Social

Mirion Fundamentals

	Return On Equity	-0.043
	Return On Asset	0.003
	Profit Margin	(0.08) %
	Operating Margin	0 %
	Current Valuation	4.4 B
	Shares Outstanding	225.5 M
	Shares Owned By Insiders	1.08 %
	Shares Owned By Institutions	96.29 %
	Number Of Shares Shorted	4.52 M
	Price To Earning	11.14 X
	Price To Book	2.52 X
	Price To Sales	4.70 X
	Revenue	800.9 M
	Gross Profit	317.2 M
	EBITDA	114.3 M
	Net Income	(96.9 M)
	Cash And Equivalents	73.5 M
	Cash Per Share	0.31 X
	Total Debt	721 M
	Debt To Equity	0.54 %
	Current Ratio	1.98 X
	Book Value Per Share	7.35 X
	Cash Flow From Operations	95.2 M
	Short Ratio	1.59 X
	Earnings Per Share	(0.32) X
	Target Price	15.5
	Number Of Employees	2.85 K
	Beta	0.73
	Market Capitalization	3.93 B
	Total Asset	2.72 B
	Retained Earnings	(505.4 M)
	Working Capital	272.9 M
	Current Asset	4.35 B
	Current Liabilities	2.32 B
	Net Asset	2.72 B

About Mirion Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mirion Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mirion Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mirion Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Mirion Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mirion Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mirion Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Mirion Stock

0.9	B	Barnes Group	Pair Corr
0.63	BW	Babcock Wilcox Enter	Pair Corr
0.81	CR	Crane Company	Pair Corr
0.66	HI	Hillenbrand	Pair Corr
0.78	IR	Ingersoll Rand	Pair Corr

Moving against Mirion Stock

0.79	RR	Richtech Robotics Class	Pair Corr
0.71	CYD	China Yuchai Interna	Pair Corr
0.69	AOS	Smith AO	Pair Corr
0.64	CVV	CVD Equipment	Pair Corr

The ability to find closely correlated positions to Mirion Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirion Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mirion Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mirion Technologies to buy it.

The correlation of Mirion Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mirion Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirion Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Mirion Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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.

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