Meghmani Operating Income vs Income Tax Expense Analysis

MOL Stock   93.96  1.26  1.32%   
Meghmani Organics financial indicator trend analysis is infinitely more than just investigating Meghmani Organics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Meghmani Organics is a good investment. Please check the relationship between Meghmani Organics Operating Income and its Income Tax Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meghmani Organics 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 board of governors.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Meghmani Organics Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Meghmani Organics' Operating Income and Income Tax Expense is 0.94. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Meghmani Organics Limited, assuming nothing else is changed. The correlation between historical values of Meghmani Organics' Operating Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Meghmani Organics Limited are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., Meghmani Organics' Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Operating Income

Operating Income is the amount of profit realized from Meghmani Organics 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 Meghmani Organics 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.

Income Tax Expense

Most indicators from Meghmani Organics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Meghmani Organics 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 Meghmani Organics 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 board of governors.
The current year's Selling General Administrative is expected to grow to about 249.9 M, whereas Tax Provision is forecasted to decline to about 102.9 M.
 2021 2022 2023 2024 (projected)
Gross Profit10.0B10.4B3.2B3.0B
Total Revenue24.7B25.6B15.5B20.7B

Meghmani Organics fundamental ratios Correlations

0.370.37-0.260.430.40.520.490.490.030.530.190.050.170.340.30.450.250.370.30.47-0.050.390.43-0.170.71
0.370.890.340.940.970.770.740.750.350.810.030.510.790.740.880.780.770.990.850.790.460.60.72-0.180.65
0.370.890.480.810.770.790.890.440.380.74-0.190.360.640.840.680.620.590.940.660.850.650.610.48-0.210.52
-0.260.340.480.120.190.420.44-0.180.120.31-0.29-0.080.060.45-0.04-0.190.460.37-0.020.030.62-0.060.0-0.09-0.21
0.430.940.810.120.920.720.70.810.230.790.040.390.890.690.960.910.680.930.950.820.340.740.76-0.070.71
0.40.970.770.190.920.750.650.870.310.830.180.590.810.670.90.810.830.920.890.70.240.530.83-0.120.72
0.520.770.790.420.720.750.920.590.330.980.040.360.620.920.590.540.820.760.630.550.170.370.780.110.67
0.490.740.890.440.70.650.920.430.220.85-0.260.210.540.880.550.560.630.780.540.730.370.410.54-0.130.64
0.490.750.44-0.180.810.870.590.430.170.730.210.450.720.440.860.860.660.680.830.54-0.180.370.87-0.040.8
0.030.350.380.120.230.310.330.220.170.310.210.70.30.570.280.080.180.370.340.180.050.140.350.360.11
0.530.810.740.310.790.830.980.850.730.310.140.440.720.880.70.640.880.780.740.550.070.390.890.140.74
0.190.03-0.19-0.290.040.180.04-0.260.210.210.140.470.230.030.07-0.10.29-0.070.21-0.28-0.30.240.430.610.02
0.050.510.36-0.080.390.590.360.210.450.70.440.470.540.480.510.290.480.450.550.26-0.110.170.610.240.4
0.170.790.640.060.890.810.620.540.720.30.720.230.540.680.920.780.690.760.970.580.180.710.810.250.59
0.340.740.840.450.690.670.920.880.440.570.880.030.480.680.590.460.710.760.660.550.280.440.690.250.52
0.30.880.68-0.040.960.90.590.550.860.280.70.070.510.920.590.940.620.850.980.750.180.650.78-0.040.72
0.450.780.62-0.190.910.810.540.560.860.080.64-0.10.290.780.460.940.460.770.870.820.10.610.66-0.210.78
0.250.770.590.460.680.830.820.630.660.180.880.290.480.690.710.620.460.70.670.310.110.260.850.140.55
0.370.990.940.370.930.920.760.780.680.370.78-0.070.450.760.760.850.770.70.820.840.530.630.64-0.220.62
0.30.850.66-0.020.950.890.630.540.830.340.740.210.550.970.660.980.870.670.820.670.150.70.840.150.67
0.470.790.850.030.820.70.550.730.540.180.55-0.280.260.580.550.750.820.310.840.670.490.670.37-0.430.64
-0.050.460.650.620.340.240.170.37-0.180.050.07-0.3-0.110.180.280.180.10.110.530.150.490.52-0.21-0.38-0.15
0.390.60.61-0.060.740.530.370.410.370.140.390.240.170.710.440.650.610.260.630.70.670.520.380.110.34
0.430.720.480.00.760.830.780.540.870.350.890.430.610.810.690.780.660.850.640.840.37-0.210.380.330.73
-0.17-0.18-0.21-0.09-0.07-0.120.11-0.13-0.040.360.140.610.240.250.25-0.04-0.210.14-0.220.15-0.43-0.380.110.33-0.22
0.710.650.52-0.210.710.720.670.640.80.110.740.020.40.590.520.720.780.550.620.670.64-0.150.340.73-0.22
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Meghmani Organics Account Relationship Matchups

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Other Information on Investing in Meghmani Stock

Balance Sheet is a snapshot of the financial position of Meghmani Organics at a specified time, usually calculated after every quarter, six months, or one year. Meghmani Organics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Meghmani Organics 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 Meghmani currently owns. An asset can also be divided into two categories, current and non-current.