Midea Income Before Tax vs Total Revenue Analysis

000333 Stock

76.25 1.64 2.20%

Midea Group financial indicator trend analysis is infinitely more than just investigating Midea Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Midea Group is a good investment. Please check the relationship between Midea Group Income Before Tax and its Total Revenue accounts. 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.

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Midea Group Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have totally related.

The correlation between Midea Group's Income Before Tax and Total Revenue is 0.99. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Midea Group Co, assuming nothing else is changed. The correlation between historical values of Midea Group's Income Before Tax and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Midea Group Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Midea Group's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Midea Group income statement and is an important metric when analyzing Midea Group profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Total Revenue

Total revenue comprises all receipts Midea Group 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.

Most indicators from Midea Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

As of December 25, 2024, Selling General Administrative is expected to decline to about 36.4 B. In addition to that, Tax Provision is expected to decline to about 4.9 B

	2021	2022	2023	2024 (projected)
Operating Income	27.5B	32.5B	37.5B	23.5B
Total Revenue	343.4B	345.7B	373.7B	255.7B

Operating Income Total Revenue

Midea Group fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.92	0.99	0.99	0.93	1.0	0.98	0.92	0.95	0.9	0.22	-0.05	0.96	0.62	1.0	0.89	0.86	0.86	0.91	0.84	-0.49	0.93	-0.54	0.98	0.95	0.66
Other Current Liab	0.92		0.93	0.91	0.78	0.92	0.88	0.81	0.91	0.79	0.15	-0.17	0.91	0.7	0.92	0.79	0.7	0.9	0.78	0.85	-0.62	0.86	-0.58	0.9	0.95	0.72
Total Current Liabilities	0.99	0.93		0.98	0.9	0.99	0.99	0.92	0.96	0.83	0.16	-0.08	0.97	0.6	0.99	0.87	0.84	0.88	0.87	0.87	-0.54	0.91	-0.53	0.97	0.95	0.68
Total Stockholder Equity	0.99	0.91	0.98		0.92	0.99	0.97	0.9	0.97	0.87	0.25	-0.01	0.94	0.63	0.99	0.84	0.89	0.83	0.88	0.83	-0.46	0.9	-0.48	0.97	0.93	0.65
Other Liab	0.93	0.78	0.9	0.92		0.9	0.93	0.88	0.85	0.91	0.47	0.21	0.9	0.4	0.93	0.93	0.93	0.71	0.97	0.6	-0.24	0.91	-0.46	0.92	0.77	0.43
Retained Earnings	1.0	0.92	0.99	0.99	0.9		0.98	0.91	0.96	0.86	0.19	-0.07	0.96	0.62	0.99	0.86	0.86	0.85	0.87	0.87	-0.52	0.9	-0.51	0.98	0.94	0.67
Accounts Payable	0.98	0.88	0.99	0.97	0.93	0.98		0.92	0.94	0.85	0.2	-0.01	0.97	0.54	0.99	0.9	0.87	0.82	0.91	0.81	-0.49	0.91	-0.52	0.98	0.91	0.61
Cash	0.92	0.81	0.92	0.9	0.88	0.91	0.92		0.91	0.85	0.16	-0.18	0.9	0.44	0.93	0.85	0.78	0.74	0.89	0.78	-0.41	0.89	-0.59	0.94	0.84	0.56
Other Assets	0.95	0.91	0.96	0.97	0.85	0.96	0.94	0.91		0.81	0.12	-0.12	0.93	0.56	0.95	0.76	0.81	0.83	0.83	0.86	-0.52	0.87	-0.53	0.93	0.9	0.6
Long Term Debt	0.9	0.79	0.83	0.87	0.91	0.86	0.85	0.85	0.81		0.39	0.03	0.85	0.57	0.9	0.89	0.79	0.71	0.93	0.6	-0.31	0.91	-0.6	0.9	0.8	0.47
Net Receivables	0.22	0.15	0.16	0.25	0.47	0.19	0.2	0.16	0.12	0.39		0.56	0.21	0.02	0.23	0.4	0.54	0.02	0.46	-0.25	0.34	0.35	-0.19	0.22	0.05	-0.01
Short Term Investments	-0.05	-0.17	-0.08	-0.01	0.21	-0.07	-0.01	-0.18	-0.12	0.03	0.56		-0.11	-0.37	-0.05	0.08	0.35	-0.27	0.13	-0.42	0.33	-0.01	0.16	-0.11	-0.25	-0.41
Inventory	0.96	0.91	0.97	0.94	0.9	0.96	0.97	0.9	0.93	0.85	0.21	-0.11		0.57	0.97	0.91	0.79	0.88	0.91	0.79	-0.53	0.94	-0.61	0.97	0.91	0.62
Other Current Assets	0.62	0.7	0.6	0.63	0.4	0.62	0.54	0.44	0.56	0.57	0.02	-0.37	0.57		0.61	0.44	0.39	0.72	0.44	0.64	-0.51	0.5	-0.31	0.63	0.78	0.9
Total Liab	1.0	0.92	0.99	0.99	0.93	0.99	0.99	0.93	0.95	0.9	0.23	-0.05	0.97	0.61		0.9	0.86	0.86	0.92	0.83	-0.49	0.94	-0.56	0.99	0.94	0.65
Intangible Assets	0.89	0.79	0.87	0.84	0.93	0.86	0.9	0.85	0.76	0.89	0.4	0.08	0.91	0.44	0.9		0.79	0.73	0.95	0.61	-0.37	0.93	-0.6	0.91	0.8	0.48
Common Stock	0.86	0.7	0.84	0.89	0.93	0.86	0.87	0.78	0.81	0.79	0.54	0.35	0.79	0.39	0.86	0.79		0.58	0.84	0.56	-0.13	0.77	-0.28	0.83	0.7	0.43
Property Plant Equipment	0.86	0.9	0.88	0.83	0.71	0.85	0.82	0.74	0.83	0.71	0.02	-0.27	0.88	0.72	0.86	0.73	0.58		0.72	0.81	-0.57	0.82	-0.5	0.84	0.94	0.77
Good Will	0.91	0.78	0.87	0.88	0.97	0.87	0.91	0.89	0.83	0.93	0.46	0.13	0.91	0.44	0.92	0.95	0.84	0.72		0.56	-0.35	0.96	-0.65	0.93	0.78	0.47
Net Tangible Assets	0.84	0.85	0.87	0.83	0.6	0.87	0.81	0.78	0.86	0.6	-0.25	-0.42	0.79	0.64	0.83	0.61	0.56	0.81	0.56		-0.65	0.66	-0.34	0.82	0.89	0.71
Other Stockholder Equity	-0.49	-0.62	-0.54	-0.46	-0.24	-0.52	-0.49	-0.41	-0.52	-0.31	0.34	0.33	-0.53	-0.51	-0.49	-0.37	-0.13	-0.57	-0.35	-0.65		-0.49	0.63	-0.52	-0.63	-0.56
Deferred Long Term Liab	0.93	0.86	0.91	0.9	0.91	0.9	0.91	0.89	0.87	0.91	0.35	-0.01	0.94	0.5	0.94	0.93	0.77	0.82	0.96	0.66	-0.49		-0.76	0.93	0.87	0.54
Long Term Investments	-0.54	-0.58	-0.53	-0.48	-0.46	-0.51	-0.52	-0.59	-0.53	-0.6	-0.19	0.16	-0.61	-0.31	-0.56	-0.6	-0.28	-0.5	-0.65	-0.34	0.63	-0.76		-0.57	-0.55	-0.32
Total Current Assets	0.98	0.9	0.97	0.97	0.92	0.98	0.98	0.94	0.93	0.9	0.22	-0.11	0.97	0.63	0.99	0.91	0.83	0.84	0.93	0.82	-0.52	0.93	-0.57		0.93	0.68
Non Current Assets Total	0.95	0.95	0.95	0.93	0.77	0.94	0.91	0.84	0.9	0.8	0.05	-0.25	0.91	0.78	0.94	0.8	0.7	0.94	0.78	0.89	-0.63	0.87	-0.55	0.93		0.83
Non Currrent Assets Other	0.66	0.72	0.68	0.65	0.43	0.67	0.61	0.56	0.6	0.47	-0.01	-0.41	0.62	0.9	0.65	0.48	0.43	0.77	0.47	0.71	-0.56	0.54	-0.32	0.68	0.83

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Midea Group Account Relationship Matchups

Midea Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	302.0B	360.4B	387.9B	422.6B	486.0B	281.9B
Other Current Liab	36.2B	41.9B	48.3B	57.8B	71.3B	38.2B
Total Current Liabilities	144.3B	184.2B	222.9B	206.3B	251.2B	146.7B
Total Stockholder Equity	101.7B	117.5B	124.9B	142.9B	162.9B	92.0B
Other Liab	8.9B	8.8B	9.2B	9.0B	10.4B	5.7B
Retained Earnings	79.5B	95.6B	113.2B	119.7B	136.3B	71.7B
Accounts Payable	66.4B	82.2B	98.7B	89.8B	94.2B	65.3B
Cash	70.9B	81.2B	71.9B	55.3B	81.7B	49.6B
Other Assets	6.6B	10.0B	12.1B	13.1B	15.0B	7.6B
Long Term Debt	41.3B	42.8B	19.7B	53.8B	49.4B	26.5B
Net Receivables	44.6B	23.0B	24.6B	28.2B	32.9B	35.6B
Short Term Investments	1.1B	28.2B	5.9B	3.3B	1.8B	1.7B
Inventory	34.7B	33.8B	50.3B	46.0B	47.3B	31.5B
Other Current Assets	4.3B	8.0B	10.0B	98.2B	88.0B	92.4B
Total Liab	194.5B	236.1B	253.1B	270.6B	311.7B	180.0B
Intangible Assets	15.5B	15.4B	17.2B	16.9B	18.5B	12.7B
Common Stock	6.7B	7.0B	7.0B	7.0B	8.0B	5.7B
Property Plant Equipment	24.5B	22.9B	23.7B	27.8B	32.0B	25.2B
Good Will	28.2B	29.6B	27.9B	28.5B	30.9B	23.6B
Net Tangible Assets	37.8B	58.0B	72.5B	79.8B	91.8B	58.1B
Other Stockholder Equity	(1.3B)	(711.6M)	(1.5B)	(1.7B)	(1.6B)	(1.5B)
Total Current Assets	216.5B	241.7B	248.9B	261.1B	281.3B	221.9B
Non Current Assets Total	85.5B	118.7B	139.1B	161.5B	204.7B	126.3B
Non Currrent Assets Other	4.9B	11.3B	36.4B	42.8B	80.6B	84.6B
Non Current Liabilities Total	50.1B	52.0B	30.3B	64.3B	60.5B	49.1B
Short Long Term Debt	5.7B	9.9B	5.6B	5.2B	8.8B	5.7B
Non Current Liabilities Other	1.2B	991.1M	998.3M	1.1B	821.7M	882.7M
Common Stock Shares Outstanding	7.0B	7.0B	7.0B	7.0B	7.0B	7.6B
Net Invested Capital	148.7B	170.3B	150.2B	202.0B	221.1B	176.3B
Net Working Capital	72.2B	57.5B	26.0B	54.8B	30.1B	39.3B
Capital Stock	7.0B	7.0B	7.0B	7.0B	7.0B	7.6B

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Other Information on Investing in Midea Stock

Balance Sheet is a snapshot of the financial position of Midea Group at a specified time, usually calculated after every quarter, six months, or one year. Midea Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Midea Group and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Midea currently owns. An asset can also be divided into two categories, current and non-current.

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Midea Income Before Tax vs Total Revenue Analysis

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Total Revenue

Midea Group fundamental ratios Correlations

Midea Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Midea Group fundamental ratios Accounts

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Other Information on Investing in Midea Stock

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Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Current Liabilities
Accounts Payable	+ 0.99	Total Current Liabilities

Long Term Investments	- 0.76	Deferred Long Term Liab
Other Stockholder Equity	- 0.65	Net Tangible Assets
Long Term Investments	- 0.65	Good Will
Non Current Assets Total	- 0.63	Other Stockholder Equity
Other Stockholder Equity	- 0.62	Other Current Liab
Long Term Investments	- 0.61	Inventory