Midea Historical Income Statement

000333 Stock   76.25  1.64  2.20%   
Historical analysis of Midea Group income statement accounts such as Selling General Administrative of 36.4 B, Total Revenue of 255.7 B or Operating Income of 23.5 B can show how well Midea Group Co performed in making a profits. Evaluating Midea Group income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Midea Group's future profits or losses.
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Midea Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Midea Group is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Midea Group 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 nation.

About Midea Income Statement Analysis

Midea Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Midea Group shareholders. The income statement also shows Midea investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Midea Group Income Statement Chart

At present, Midea Group's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 380.8 M, whereas Selling General Administrative is forecasted to decline to about 36.4 B.

Operating Income

Operating Income is the amount of profit realized from Midea Group 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 Midea Group Co 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.

Cost Of Revenue

Cost of Revenue is found on Midea Group income statement and represents the costs associated with goods and services Midea Group provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Midea Group Co minus its cost of goods sold. It is profit before Midea Group operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most accounts from Midea Group's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Midea Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Midea Group 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 nation.
At present, Midea Group's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 380.8 M, whereas Selling General Administrative is forecasted to decline to about 36.4 B.
 2021 2022 2023 2024 (projected)
Operating Income27.5B32.5B37.5B23.5B
Total Revenue343.4B345.7B373.7B255.7B

Midea Group income statement Correlations

0.940.960.920.940.950.050.920.94-0.860.870.930.730.910.780.810.670.770.760.55
0.940.981.00.990.97-0.210.980.97-0.860.970.950.890.990.80.90.80.920.90.7
0.960.980.960.990.99-0.140.980.98-0.80.950.970.870.950.860.910.80.90.890.67
0.921.00.960.980.96-0.230.980.96-0.860.970.940.90.990.790.890.80.920.90.7
0.940.990.990.980.99-0.151.00.96-0.810.960.970.880.960.850.890.770.910.890.67
0.950.970.990.960.99-0.090.980.96-0.780.940.970.840.940.860.880.780.880.860.61
0.05-0.21-0.14-0.23-0.15-0.09-0.17-0.22-0.02-0.33-0.13-0.55-0.28-0.15-0.44-0.59-0.51-0.53-0.68
0.920.980.980.981.00.98-0.170.96-0.810.970.960.890.960.850.890.770.910.90.69
0.940.970.980.960.960.96-0.220.96-0.840.980.970.90.980.850.950.810.930.920.73
-0.86-0.86-0.8-0.86-0.81-0.78-0.02-0.81-0.84-0.81-0.77-0.66-0.87-0.53-0.68-0.47-0.68-0.66-0.47
0.870.970.950.970.960.94-0.330.970.98-0.810.960.950.980.850.950.820.970.960.77
0.930.950.970.940.970.97-0.130.960.97-0.770.960.860.950.910.90.770.890.880.66
0.730.890.870.90.880.84-0.550.890.9-0.660.950.860.920.80.970.90.991.00.89
0.910.990.950.990.960.94-0.280.960.98-0.870.980.950.920.80.920.820.940.920.75
0.780.80.860.790.850.86-0.150.850.85-0.530.850.910.80.80.850.70.80.820.69
0.810.90.910.890.890.88-0.440.890.95-0.680.950.90.970.920.850.890.970.980.86
0.670.80.80.80.770.78-0.590.770.81-0.470.820.770.90.820.70.890.910.910.83
0.770.920.90.920.910.88-0.510.910.93-0.680.970.890.990.940.80.970.911.00.85
0.760.90.890.90.890.86-0.530.90.92-0.660.960.881.00.920.820.980.911.00.88
0.550.70.670.70.670.61-0.680.690.73-0.470.770.660.890.750.690.860.830.850.88
Click cells to compare fundamentals

Midea Group Account Relationship Matchups

Midea Group income statement Accounts

201920202021202220232024 (projected)
Interest Expense880.7M1.3B1.4B1.8B2.8B2.9B
Selling General Administrative44.1B36.8B38.9B40.3B48.4B36.4B
Total Revenue278.2B285.7B343.4B345.7B373.7B255.7B
Operating Income30.0B25.8B27.5B32.5B37.5B23.5B
Cost Of Revenue197.9B212.9B264.6B260.6B273.5B189.7B
Income Before Tax29.9B31.7B33.7B35.0B40.3B26.1B
Income Tax Expense4.1B4.7B4.2B4.7B5.4B3.5B
Minority Interest5.8B6.7B(441.7M)(256.7M)(25.4M)(24.1M)
Net Income Applicable To Common Shares20.2B24.2B27.2B28.5B32.8B19.6B
Net Income24.2B27.2B28.6B29.6B33.7B22.4B
Gross Profit80.3B72.8B78.7B85.1B100.2B76.8B
Other Operating Expenses300.7M526.0M109.6M301.9M271.7M380.8M
Net Income From Continuing Ops25.3B27.5B29.0B29.8B33.7B26.3B
Ebit21.7B25.6B23.7B24.8B28.5B23.0B
Research Development9.6B10.1B12.0B12.6B14.6B10.9B
Total Operating Expenses252.2B260.0B315.8B313.2B336.2B269.7B
Tax Provision4.7B4.2B4.7B5.1B6.5B4.9B
Net Interest Income2.8B(6.7M)3.6B3.9B4.2B2.2B
Interest Income3.8B3.7B5.2B5.8B7.0B4.1B
Ebitda30.8B30.4B35.1B36.8B42.3B33.4B

Also Currently Popular

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.

Other Information on Investing in Midea Stock

Midea Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Midea Group shareholders. The income statement also shows Midea investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).