MakeMyTrip Income Before Tax vs Operating Income Analysis

MMYT Stock

USD 111.00 2.00 1.77%

MakeMyTrip financial indicator trend analysis is infinitely more than just investigating MakeMyTrip Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MakeMyTrip Limited is a good investment. Please check the relationship between MakeMyTrip Income Before Tax and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MakeMyTrip Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MakeMyTrip Limited Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between MakeMyTrip's Income Before Tax and Operating Income is 0.84. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of MakeMyTrip Limited, assuming nothing else is changed. The correlation between historical values of MakeMyTrip's Income Before Tax 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 Income Before Tax of MakeMyTrip Limited 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 Income Before Tax i.e., MakeMyTrip's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

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

Operating Income

Operating Income is the amount of profit realized from MakeMyTrip Limited 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 MakeMyTrip Limited 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 MakeMyTrip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MakeMyTrip Limited 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 MakeMyTrip Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At this time, MakeMyTrip's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 59.22 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.20 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	26.3M	46.7M	17.7M	10.1M
Depreciation And Amortization	29.5M	27.4M	27.3M	16.9M

Interest Expense Depreciation And Amortization

MakeMyTrip fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Common Stock Shares Outstanding		0.86	0.47	0.82	0.79	0.77	0.75	0.81	0.7	-0.54	-0.91	0.04	0.82	0.74	0.33	0.49	0.36	0.77	0.62	0.95	0.64	0.41	0.24	0.38	0.95	0.69
Total Assets	0.86		0.29	0.68	0.69	0.97	0.47	0.64	0.73	-0.65	-0.71	0.07	0.73	0.96	0.37	0.77	0.24	0.71	0.61	0.96	0.61	0.27	0.21	0.21	0.95	0.55
Short Long Term Debt Total	0.47	0.29		0.75	0.58	0.08	0.54	0.42	0.43	0.28	-0.67	-0.01	0.72	0.08	0.67	0.0	0.86	0.77	0.41	0.37	0.75	0.86	0.5	0.61	0.35	0.92
Other Current Liab	0.82	0.68	0.75		0.8	0.54	0.77	0.69	0.71	-0.32	-0.93	-0.25	0.92	0.52	0.53	0.25	0.55	0.87	0.56	0.76	0.73	0.59	0.38	0.59	0.77	0.86
Total Current Liabilities	0.79	0.69	0.58	0.8		0.55	0.52	0.68	0.7	-0.3	-0.76	0.06	0.75	0.51	0.61	0.33	0.21	0.72	0.63	0.75	0.61	0.25	0.24	0.54	0.73	0.72
Total Stockholder Equity	0.77	0.97	0.08	0.54	0.55		0.33	0.54	0.67	-0.75	-0.58	0.05	0.61	0.99	0.25	0.82	0.07	0.58	0.56	0.89	0.48	0.1	0.13	0.09	0.9	0.37
Other Liab	0.75	0.47	0.54	0.77	0.52	0.33		0.79	0.34	-0.19	-0.86	-0.11	0.63	0.34	0.07	0.07	0.49	0.55	0.29	0.68	0.39	0.54	0.16	0.34	0.66	0.62
Property Plant And Equipment Net	0.81	0.64	0.42	0.69	0.68	0.54	0.79		0.49	-0.35	-0.86	0.09	0.64	0.56	0.19	0.47	0.27	0.54	0.54	0.8	0.36	0.35	0.22	0.46	0.8	0.59
Current Deferred Revenue	0.7	0.73	0.43	0.71	0.7	0.67	0.34	0.49		-0.61	-0.65	-0.01	0.84	0.61	0.7	0.42	0.32	0.87	0.87	0.69	0.81	0.38	0.64	0.55	0.69	0.71
Net Debt	-0.54	-0.65	0.28	-0.32	-0.3	-0.75	-0.19	-0.35	-0.61		0.34	0.06	-0.46	-0.71	0.08	-0.49	0.25	-0.35	-0.54	-0.6	-0.2	0.19	-0.21	-0.19	-0.62	-0.08
Retained Earnings	-0.91	-0.71	-0.67	-0.93	-0.76	-0.58	-0.86	-0.86	-0.65	0.34		0.09	-0.87	-0.58	-0.39	-0.35	-0.52	-0.81	-0.58	-0.84	-0.65	-0.58	-0.32	-0.52	-0.86	-0.82
Accounts Payable	0.04	0.07	-0.01	-0.25	0.06	0.05	-0.11	0.09	-0.01	0.06	0.09		-0.05	0.04	0.04	0.24	0.08	0.04	0.32	0.06	0.14	0.08	0.1	0.02	0.0	0.08
Cash	0.82	0.73	0.72	0.92	0.75	0.61	0.63	0.64	0.84	-0.46	-0.87	-0.05		0.58	0.57	0.35	0.61	0.96	0.77	0.77	0.84	0.66	0.62	0.71	0.77	0.91
Non Current Assets Total	0.74	0.96	0.08	0.52	0.51	0.99	0.34	0.56	0.61	-0.71	-0.58	0.04	0.58		0.2	0.85	0.07	0.54	0.5	0.88	0.42	0.1	0.09	0.05	0.9	0.35
Non Currrent Assets Other	0.33	0.37	0.67	0.53	0.61	0.25	0.07	0.19	0.7	0.08	-0.39	0.04	0.57	0.2		0.17	0.47	0.71	0.6	0.31	0.81	0.47	0.56	0.5	0.3	0.71
Other Assets	0.49	0.77	0.0	0.25	0.33	0.82	0.07	0.47	0.42	-0.49	-0.35	0.24	0.35	0.85	0.17		0.04	0.33	0.38	0.67	0.26	0.05	0.03	-0.04	0.68	0.22
Long Term Debt	0.36	0.24	0.86	0.55	0.21	0.07	0.49	0.27	0.32	0.25	-0.52	0.08	0.61	0.07	0.47	0.04		0.69	0.32	0.29	0.72	0.99	0.56	0.42	0.26	0.8
Cash And Short Term Investments	0.77	0.71	0.77	0.87	0.72	0.58	0.55	0.54	0.87	-0.35	-0.81	0.04	0.96	0.54	0.71	0.33	0.69		0.8	0.72	0.95	0.72	0.66	0.64	0.71	0.94
Net Receivables	0.62	0.61	0.41	0.56	0.63	0.56	0.29	0.54	0.87	-0.54	-0.58	0.32	0.77	0.5	0.6	0.38	0.32	0.8		0.59	0.75	0.39	0.76	0.71	0.59	0.7
Common Stock Total Equity	0.95	0.96	0.37	0.76	0.75	0.89	0.68	0.8	0.69	-0.6	-0.84	0.06	0.77	0.88	0.31	0.67	0.29	0.72	0.59		0.58	0.34	0.2	0.29	0.99	0.61
Short Term Investments	0.64	0.61	0.75	0.73	0.61	0.48	0.39	0.36	0.81	-0.2	-0.65	0.14	0.84	0.42	0.81	0.26	0.72	0.95	0.75	0.58		0.73	0.65	0.53	0.56	0.88
Non Current Liabilities Total	0.41	0.27	0.86	0.59	0.25	0.1	0.54	0.35	0.38	0.19	-0.58	0.08	0.66	0.1	0.47	0.05	0.99	0.72	0.39	0.34	0.73		0.62	0.48	0.31	0.83
Inventory	0.24	0.21	0.5	0.38	0.24	0.13	0.16	0.22	0.64	-0.21	-0.32	0.1	0.62	0.09	0.56	0.03	0.56	0.66	0.76	0.2	0.65	0.62		0.8	0.17	0.65
Other Current Assets	0.38	0.21	0.61	0.59	0.54	0.09	0.34	0.46	0.55	-0.19	-0.52	0.02	0.71	0.05	0.5	-0.04	0.42	0.64	0.71	0.29	0.53	0.48	0.8		0.27	0.71
Other Stockholder Equity	0.95	0.95	0.35	0.77	0.73	0.9	0.66	0.8	0.69	-0.62	-0.86	0.0	0.77	0.9	0.3	0.68	0.26	0.71	0.59	0.99	0.56	0.31	0.17	0.27		0.6
Total Liab	0.69	0.55	0.92	0.86	0.72	0.37	0.62	0.59	0.71	-0.08	-0.82	0.08	0.91	0.35	0.71	0.22	0.8	0.94	0.7	0.61	0.88	0.83	0.65	0.71	0.6

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MakeMyTrip Account Relationship Matchups

MakeMyTrip fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	105.2M	106.8M	108.5M	111.1M	118.2M	72.0M
Total Assets	1.1B	1.3B	1.3B	1.4B	1.7B	902.9M
Short Long Term Debt Total	25.6M	204.0M	216.6M	235.2M	221.6M	232.7M
Other Current Liab	71.8M	168.0M	154.9M	188.4M	132.7M	139.3M
Total Current Liabilities	179.9M	194.2M	191.2M	453.7M	297.6M	171.5M
Total Stockholder Equity	858.2M	887.5M	894.1M	869.6M	1.1B	656.6M
Other Liab	19.4M	22.0M	21.2M	14.5M	16.6M	9.8M
Property Plant And Equipment Net	36.0M	22.2M	19.3M	25.4M	25.9M	15.6M
Current Deferred Revenue	33.4M	33.7M	53.2M	75.2M	93.1M	97.7M
Net Debt	(104.3M)	(91.1M)	3.3M	(48.9M)	(105.4M)	(100.2M)
Retained Earnings	(1.1B)	(1.2B)	(1.2B)	(1.2B)	(1.0B)	(969.5M)
Accounts Payable	70.7M	23.8M	33.5M	45.7M	67.1M	55.5M
Cash	129.9M	295.1M	213.3M	284.0M	327.1M	343.4M
Non Current Assets Total	804.2M	807.8M	731.4M	687.9M	802.8M	543.7M
Non Currrent Assets Other	131K	88K	18.8M	24.6M	22.2M	23.3M
Other Assets	36.9M	29.0M	18.8M	24.6M	28.3M	24.4M
Long Term Debt	698K	201.6M	213.8M	15.7M	203.8M	214.0M
Cash And Short Term Investments	167.7M	424.9M	477.5M	481.1M	606.8M	637.1M
Net Receivables	57.9M	25.2M	35.9M	68.8M	97.2M	102.0M
Short Term Investments	37.8M	129.8M	264.2M	197.1M	279.7M	293.7M
Liabilities And Stockholders Equity	1.1B	1.3B	1.3B	1.4B	1.7B	902.9M
Non Current Liabilities Total	41.0M	223.6M	235.1M	30.1M	246.1M	258.4M
Inventory	36K	40K	11K	25K	145.6M	152.9M
Other Current Assets	53.4M	51.1M	5.1M	122.0M	153.1M	160.8M
Other Stockholder Equity	2.1B	2.0B	2.0B	2.1B	2.1B	1.2B
Total Liab	220.9M	417.8M	426.3M	483.8M	543.7M	570.8M
Property Plant And Equipment Gross	36.0M	22.2M	47.5M	54.0M	47.9M	50.3M
Total Current Assets	279.0M	501.2M	591.4M	671.9M	857.3M	900.1M
Accumulated Other Comprehensive Income	(115.5M)	38.5M	42.5M	9.0M	(29.9M)	(28.4M)
Short Term Debt	4.0M	2.3M	2.8M	219.5M	4.8M	4.6M
Intangible Assets	114.7M	101.0M	84.5M	67.5M	53.5M	67.8M
Property Plant Equipment	36.0M	22.2M	19.3M	25.4M	29.2M	14.7M
Good Will	607.2M	619.9M	601.2M	561.5M	559.9M	502.1M
Net Tangible Assets	136.2M	166.6M	208.5M	240.6M	276.7M	216.9M
Long Term Investments	9.3M	35.8M	7.6M	9.0M	4.3M	4.1M
Short Long Term Debt	333K	2.3M	2.8M	219.5M	1.1M	1.1M

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