| 0R2T Stock | | | 105.57 5.41 5.40% |
Micron Technology financial indicator trend analysis is infinitely more than just investigating Micron Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Micron Technology is a good investment. Please check the relationship between Micron Technology Property Plant Equipment and its Operating Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Micron Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Micron Stock please use our
How to Invest in Micron Technology guide.
Property Plant Equipment vs Operating Income
Property Plant Equipment vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Micron Technology Property Plant Equipment account and
Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Micron Technology's Property Plant Equipment and Operating Income is -0.5. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Operating Income in the same time period over historical financial statements of Micron Technology, assuming nothing else is changed. The correlation between historical values of Micron Technology's Property Plant Equipment and Operating 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 Property Plant Equipment of Micron Technology are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Property Plant Equipment i.e., Micron Technology's Property Plant Equipment and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.5 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Property Plant Equipment
Operating Income
Operating Income is the amount of profit realized from Micron Technology 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 Micron Technology 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.
Most indicators from Micron Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Micron Technology 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 Micron Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more information on how to buy Micron Stock please use our
How to Invest in Micron Technology guide.
Selling General Administrative is likely to gain to about 916.7
M in 2025, whereas
Tax Provision is likely to drop slightly above 124.5
M in 2025.
Micron Technology fundamental ratios Correlations
Click cells to compare fundamentals
Micron Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Micron Stock Analysis
When running Micron Technology's price analysis, check to
measure Micron Technology's 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 Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to
predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.