Millennium Historical Income Statement
| MGIH Stock | 1.51 0.75 33.19% |
Historical analysis of Millennium Group income statement accounts such as Gross Profit of 10.8 M can show how well Millennium Group International performed in making a profits. Evaluating Millennium Group income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Millennium Group's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Millennium Group Int 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 Millennium Group Int is a good buy for the upcoming year.
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About Millennium Income Statement Analysis
Millennium Group Int 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 Millennium Group shareholders. The income statement also shows Millennium 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).
Millennium Group Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Millennium Group International minus its cost of goods sold. It is profit before Millennium 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Millennium Group Int. It is also known as Millennium Group overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Millennium Group's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Millennium Group Int 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. 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. As of now, Millennium Group's Other Operating Expenses is decreasing as compared to previous years. The Millennium Group's current Cost Of Revenue is estimated to increase to about 33.2 M, while Interest Expense is projected to decrease to under 672.8 K.
| 2022 | 2023 | 2024 | 2025 (projected) | Interest Expense | 684.4K | 958.9K | 1.1M | 672.8K | Depreciation And Amortization | 1.7M | 1.4M | 1.3M | 1.5M |
Millennium Group income statement Correlations
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Millennium Group Account Relationship Matchups
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Millennium Group income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 2.1M | 1.9M | 1.7M | 1.4M | 1.3M | 1.5M | |
| Interest Expense | 444.7K | 425.8K | 684.4K | 958.9K | 1.1M | 672.8K | |
| Total Revenue | 64.6M | 66.2M | 45.6M | 38.5M | 34.7M | 44.1M | |
| Gross Profit | 17.4M | 16.3M | 9.1M | 8.1M | 7.3M | 10.8M | |
| Other Operating Expenses | 59.5M | 60.7M | 46.7M | 45.5M | 40.9M | 42.8M | |
| Operating Income | 5.1M | 5.5M | (1.1M) | (6.9M) | (6.2M) | (5.9M) | |
| Ebit | 4.9M | 5.4M | 252.9K | (7.6M) | (6.8M) | (6.5M) | |
| Ebitda | 7.0M | 7.3M | 2.0M | (6.2M) | (5.6M) | (5.3M) | |
| Cost Of Revenue | 47.2M | 50.0M | 36.5M | 30.4M | 27.4M | 33.2M | |
| Total Operating Expenses | 12.3M | 10.7M | 10.1M | 15.0M | 17.3M | 13.1M | |
| Income Before Tax | 4.5M | 5.0M | (431.4K) | (8.6M) | (7.7M) | (7.3M) | |
| Total Other Income Expense Net | (634.3K) | (561.1K) | 650.9K | (1.6M) | (1.5M) | (1.4M) | |
| Net Income | 3.7M | 4.1M | (354.1K) | (8.8M) | (7.9M) | (7.5M) | |
| Income Tax Expense | 800.1K | 897.2K | (77.3K) | 206.9K | 186.3K | 176.9K |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group International. 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. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Millennium Group. If investors know Millennium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Millennium Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share (0.78) | Revenue Per Share | Quarterly Revenue Growth (0.24) | Return On Assets |
The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.