Mitek Income Before Tax vs Other Operating Expenses Analysis

MITK Stock  USD 9.14  0.09  0.98%   
Mitek Systems financial indicator trend analysis is infinitely more than just investigating Mitek Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mitek Systems is a good investment. Please check the relationship between Mitek Systems Income Before Tax and its Other Operating Expenses accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.

Income Before Tax vs Other Operating Expenses

Income Before Tax vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mitek Systems Income Before Tax account and Other Operating Expenses. At this time, the significance of the direction appears to have strong relationship.
The correlation between Mitek Systems' Income Before Tax and Other Operating Expenses is 0.73. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Mitek Systems, assuming nothing else is changed. The correlation between historical values of Mitek Systems' Income Before Tax and Other Operating Expenses 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 Mitek Systems are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Before Tax i.e., Mitek Systems' Income Before Tax and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Mitek Systems income statement and is an important metric when analyzing Mitek Systems 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mitek Systems. It is also known as Mitek Systems 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 indicators from Mitek Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mitek Systems 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.At this time, Mitek Systems' Enterprise Value is quite stable compared to the past year.
 2021 2022 2023 2024 (projected)
Gross Profit124.8M149.6M172.0M180.6M
Total Revenue144.8M172.6M198.4M208.4M

Mitek Systems fundamental ratios Correlations

0.970.980.980.980.880.940.630.990.930.830.970.640.920.980.990.960.98-0.130.860.910.560.960.980.990.59
0.970.960.950.910.780.980.60.960.90.730.990.610.850.910.990.910.96-0.270.830.910.510.930.990.980.47
0.980.960.950.950.910.950.680.980.890.750.980.680.880.930.980.940.97-0.220.810.860.610.950.970.980.54
0.980.950.950.980.850.890.630.980.980.830.930.650.960.980.950.980.96-0.070.940.940.420.910.960.980.56
0.980.910.950.980.90.860.610.980.940.880.910.620.950.990.940.970.96-0.030.880.90.50.920.940.970.65
0.880.780.910.850.90.770.610.890.760.760.820.680.790.880.840.860.84-0.070.690.70.650.830.820.860.66
0.940.980.950.890.860.770.610.930.820.650.980.630.770.860.980.840.91-0.280.740.810.570.90.980.950.44
0.630.60.680.630.610.610.610.630.590.220.620.860.580.520.620.640.620.060.580.520.470.590.60.640.1
0.990.960.980.980.980.890.930.630.930.810.960.680.90.970.970.940.95-0.060.860.880.520.910.980.990.6
0.930.90.890.980.940.760.820.590.930.80.860.620.960.950.890.970.91-0.040.980.950.240.830.910.930.5
0.830.730.750.830.880.760.650.220.810.80.730.220.840.910.760.810.83-0.040.720.790.370.80.760.80.78
0.970.990.980.930.910.820.980.620.960.860.730.620.830.911.00.890.96-0.250.770.860.630.960.990.980.51
0.640.610.680.650.620.680.630.860.680.620.220.620.560.560.630.640.560.230.630.480.380.510.630.660.16
0.920.850.880.960.950.790.770.580.90.960.840.830.560.940.870.970.920.00.930.930.370.870.870.90.56
0.980.910.930.980.990.880.860.520.970.950.910.910.560.940.930.960.95-0.050.890.910.440.910.940.960.68
0.990.990.980.950.940.840.980.620.970.890.761.00.630.870.930.920.97-0.210.820.890.590.961.00.990.52
0.960.910.940.980.970.860.840.640.940.970.810.890.640.970.960.920.95-0.130.930.940.430.90.920.940.54
0.980.960.970.960.960.840.910.620.950.910.830.960.560.920.950.970.95-0.210.840.920.590.990.960.970.56
-0.13-0.27-0.22-0.07-0.03-0.07-0.280.06-0.06-0.04-0.04-0.250.230.0-0.05-0.21-0.13-0.210.0-0.21-0.16-0.27-0.19-0.120.05
0.860.830.810.940.880.690.740.580.860.980.720.770.630.930.890.820.930.840.00.930.110.740.840.860.42
0.910.910.860.940.90.70.810.520.880.950.790.860.480.930.910.890.940.92-0.210.930.290.870.90.90.47
0.560.510.610.420.50.650.570.470.520.240.370.630.380.370.440.590.430.59-0.160.110.290.690.540.530.38
0.960.930.950.910.920.830.90.590.910.830.80.960.510.870.910.960.90.99-0.270.740.870.690.940.940.56
0.980.990.970.960.940.820.980.60.980.910.760.990.630.870.941.00.920.96-0.190.840.90.540.940.990.52
0.990.980.980.980.970.860.950.640.990.930.80.980.660.90.960.990.940.97-0.120.860.90.530.940.990.57
0.590.470.540.560.650.660.440.10.60.50.780.510.160.560.680.520.540.560.050.420.470.380.560.520.57
Click cells to compare fundamentals

Mitek Systems Account Relationship Matchups

Mitek Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets169.2M419.3M360.4M405.4M466.2M489.5M
Short Long Term Debt Total7.1M129.4M134.2M140.3M161.3M169.4M
Other Current Liab10.7M24.3M20.0M20.3M23.4M24.5M
Total Current Liabilities24.4M38.5M40.5M51.5M59.2M62.2M
Total Stockholder Equity132.2M193.3M170.3M205.2M236.0M247.8M
Property Plant And Equipment Net9.0M10.7M8.6M7.0M8.0M8.4M
Net Debt(12.8M)99.1M102.1M81.4M93.6M98.3M
Retained Earnings(14.0M)(5.6M)(18.0M)(9.3M)(8.4M)(8.8M)
Non Current Assets Total85.0M215.2M231.3M215.4M247.7M260.1M
Net Receivables20.8M20.7M34.1M50.5M58.1M61.0M
Common Stock Shares Outstanding42.5M45.1M44.7M46.5M53.4M56.1M
Liabilities And Stockholders Equity169.2M419.3M360.4M405.4M466.2M489.5M
Non Current Liabilities Total12.6M187.6M149.6M148.7M171.0M179.5M
Other Current Assets3.3M4.0M2.6M5.9M6.8M7.1M
Other Stockholder Equity146.5M199.8M216.5M228.7M263.0M276.1M
Total Liab36.9M226.0M190.1M200.2M230.2M241.7M
Property Plant And Equipment Gross9.0M10.7M8.6M14.7M17.0M17.8M
Total Current Assets84.1M204.1M129.1M190.0M218.5M229.4M
Accumulated Other Comprehensive Income(323K)(943K)(28.2M)(14.2M)(12.8M)(12.2M)
Short Term Debt1.9M2.0M2.1M2.1M2.4M2.8M
Accounts Payable3.9M2.5M5.0M7.6M8.7M9.2M
Cash20.0M30.3M32.1M58.9M67.7M71.1M
Non Currrent Assets Other5.6M54.5M5.8M7.2M8.3M8.7M
Cash And Short Term Investments60.0M179.4M90.3M133.6M153.7M161.3M
Other Liab10.8M8.1M6.6M60.1M69.1M72.5M
Other Assets17.5M18.9M19.1M65.0M74.8M78.5M
Common Stock Total Equity38K40K42K44K50.6K26.4K
Common Stock40K42K44K46K52.9K28.3K
Property Plant Equipment4.7M4.2M9.0M10.7M12.3M13.0M
Current Deferred Revenue8.0M10.4M13.4M17.4M20.0M21.0M
Intangible Assets19.3M28.7M75.8M64.7M74.4M78.1M
Net Tangible Assets28.0M50.3M77.3M101.8M117.1M123.0M
Good Will35.7M62.7M120.2M123.5M142.1M149.2M
Short Term Investments40.0M149.1M58.3M74.7M85.9M90.2M
Non Current Liabilities Other982K6.8M1.6M2.9M3.3M2.1M

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When determining whether Mitek Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mitek Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mitek Systems Stock. Highlighted below are key reports to facilitate an investment decision about Mitek Systems Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitek Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Mitek Stock please use our How to buy in Mitek Stock guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Application Software 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 Mitek Systems. If investors know Mitek 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 Mitek Systems 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
(0.94)
Earnings Share
(0.14)
Revenue Per Share
3.59
Quarterly Revenue Growth
0.044
Return On Assets
(0.01)
The market value of Mitek Systems is measured differently than its book value, which is the value of Mitek that is recorded on the company's balance sheet. Investors also form their own opinion of Mitek Systems' value that differs from its market value or its book value, called intrinsic value, which is Mitek Systems' 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 Mitek Systems' market value can be influenced by many factors that don't directly affect Mitek Systems' 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 Mitek Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mitek Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mitek Systems' 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.