MRC Net Income vs Capital Expenditures Analysis

MRC Stock

USD 12.55 0.06 0.48%

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

For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MRC Global Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between MRC Global's Net Income and Capital Expenditures is -0.28. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of MRC Global, assuming nothing else is changed. The correlation between historical values of MRC Global's Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of MRC Global are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., MRC Global's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in MRC Global financial statement analysis. It represents the amount of money remaining after all of MRC Global operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by MRC Global to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of MRC Global operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from MRC Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MRC Global 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 MRC Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.At present, MRC Global's Tax Provision is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	417M	610M	690M	700.2M
Total Revenue	2.7B	3.4B	3.4B	3.0B

Gross Profit Total Revenue

MRC Global fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables
Total Assets		0.92	0.77	0.79	-0.17	0.05	0.88	-0.2	0.86	0.89	0.96	0.98	0.27	0.95	0.93	-0.62	0.12	-0.32	0.36	-0.41	-0.33	0.38	0.46	-0.12	-0.42	0.8
Other Current Liab	0.92		0.67	0.68	-0.35	0.35	0.82	-0.36	0.75	0.89	0.9	0.92	0.2	0.9	0.92	-0.31	-0.08	0.01	0.58	-0.67	-0.3	0.6	0.71	0.14	-0.49	0.93
Total Current Liabilities	0.77	0.67		0.59	-0.31	-0.15	0.88	0.09	0.73	0.52	0.66	0.75	0.39	0.76	0.59	-0.62	0.04	-0.46	0.16	-0.11	-0.14	0.17	0.12	-0.29	-0.12	0.6
Total Stockholder Equity	0.79	0.68	0.59		0.29	-0.02	0.7	0.05	0.53	0.47	0.86	0.79	0.6	0.58	0.64	-0.64	0.21	-0.29	-0.11	-0.33	-0.35	-0.08	0.18	-0.25	-0.17	0.47
Other Liab	-0.17	-0.35	-0.31	0.29		-0.42	-0.26	0.43	-0.27	-0.37	-0.01	-0.19	0.47	-0.38	-0.24	-0.34	0.28	-0.27	-0.78	0.16	-0.12	-0.78	-0.56	-0.36	0.35	-0.58
Retained Earnings	0.05	0.35	-0.15	-0.02	-0.42		-0.1	-0.61	-0.25	0.25	0.09	0.15	-0.25	0.05	0.19	0.72	-0.51	0.89	0.71	-0.63	-0.08	0.71	0.84	0.75	-0.41	0.54
Accounts Payable	0.88	0.82	0.88	0.7	-0.26	-0.1		-0.17	0.82	0.7	0.84	0.87	0.42	0.86	0.74	-0.65	0.17	-0.44	0.22	-0.28	-0.11	0.26	0.25	-0.33	-0.4	0.71
Cash	-0.2	-0.36	0.09	0.05	0.43	-0.61	-0.17		-0.03	-0.46	-0.19	-0.28	0.23	-0.23	-0.3	-0.35	0.08	-0.5	-0.55	0.34	-0.23	-0.59	-0.6	-0.25	0.95	-0.55
Other Assets	0.86	0.75	0.73	0.53	-0.27	-0.25	0.82	-0.03		0.78	0.75	0.79	0.03	0.91	0.84	-0.66	0.23	-0.52	0.31	-0.28	-0.27	0.32	0.27	-0.19	-0.26	0.64
Long Term Debt	0.89	0.89	0.52	0.47	-0.37	0.25	0.7	-0.46	0.78		0.82	0.88	-0.04	0.93	0.94	-0.34	0.02	-0.08	0.64	-0.51	-0.28	0.65	0.66	0.11	-0.6	0.86
Good Will	0.96	0.9	0.66	0.86	-0.01	0.09	0.84	-0.19	0.75	0.82		0.95	0.39	0.87	0.88	-0.59	0.18	-0.27	0.28	-0.45	-0.4	0.3	0.46	-0.1	-0.4	0.74
Inventory	0.98	0.92	0.75	0.79	-0.19	0.15	0.87	-0.28	0.79	0.88	0.95		0.26	0.93	0.89	-0.54	0.05	-0.23	0.4	-0.44	-0.3	0.42	0.5	-0.09	-0.49	0.84
Other Current Assets	0.27	0.2	0.39	0.6	0.47	-0.25	0.42	0.23	0.03	-0.04	0.39	0.26		0.07	0.08	-0.52	0.19	-0.31	-0.53	-0.02	0.0	-0.52	-0.31	-0.52	0.07	-0.05
Total Liab	0.95	0.9	0.76	0.58	-0.38	0.05	0.86	-0.23	0.91	0.93	0.87	0.93	0.07		0.92	-0.53	0.07	-0.32	0.52	-0.38	-0.29	0.54	0.51	-0.05	-0.43	0.84
Intangible Assets	0.93	0.92	0.59	0.64	-0.24	0.19	0.74	-0.3	0.84	0.94	0.88	0.89	0.08	0.92		-0.43	0.05	-0.11	0.49	-0.58	-0.38	0.5	0.62	0.1	-0.46	0.82
Common Stock	-0.62	-0.31	-0.62	-0.64	-0.34	0.72	-0.65	-0.35	-0.66	-0.34	-0.59	-0.54	-0.52	-0.53	-0.43		-0.5	0.89	0.43	-0.25	0.19	0.41	0.4	0.7	-0.04	-0.06
Property Plant Equipment	0.12	-0.08	0.04	0.21	0.28	-0.51	0.17	0.08	0.23	0.02	0.18	0.05	0.19	0.07	0.05	-0.5		-0.51	-0.41	0.24	-0.38	-0.38	-0.37	-0.24	-0.09	-0.2
Common Stock Shares Outstanding	-0.32	0.01	-0.46	-0.29	-0.27	0.89	-0.44	-0.5	-0.52	-0.08	-0.27	-0.23	-0.31	-0.32	-0.11	0.89	-0.51		0.48	-0.54	0.08	0.47	0.61	0.73	-0.23	0.21
Short Long Term Debt Total	0.36	0.58	0.16	-0.11	-0.78	0.71	0.22	-0.55	0.31	0.64	0.28	0.4	-0.53	0.52	0.49	0.43	-0.41	0.48		-0.55	-0.12	1.0	0.89	0.63	-0.44	0.77
Property Plant And Equipment Net	-0.41	-0.67	-0.11	-0.33	0.16	-0.63	-0.28	0.34	-0.28	-0.51	-0.45	-0.44	-0.02	-0.38	-0.58	-0.25	0.24	-0.54	-0.55		0.28	-0.55	-0.74	-0.55	0.28	-0.66
Current Deferred Revenue	-0.33	-0.3	-0.14	-0.35	-0.12	-0.08	-0.11	-0.23	-0.27	-0.28	-0.4	-0.3	0.0	-0.29	-0.38	0.19	-0.38	0.08	-0.12	0.28		-0.1	-0.25	-0.52	-0.18	-0.15
Net Debt	0.38	0.6	0.17	-0.08	-0.78	0.71	0.26	-0.59	0.32	0.65	0.3	0.42	-0.52	0.54	0.5	0.41	-0.38	0.47	1.0	-0.55	-0.1		0.9	0.61	-0.49	0.79
Non Current Assets Total	0.46	0.71	0.12	0.18	-0.56	0.84	0.25	-0.6	0.27	0.66	0.46	0.5	-0.31	0.51	0.62	0.4	-0.37	0.61	0.89	-0.74	-0.25	0.9		0.68	-0.51	0.82
Non Currrent Assets Other	-0.12	0.14	-0.29	-0.25	-0.36	0.75	-0.33	-0.25	-0.19	0.11	-0.1	-0.09	-0.52	-0.05	0.1	0.7	-0.24	0.73	0.63	-0.55	-0.52	0.61	0.68		-0.03	0.27
Cash And Short Term Investments	-0.42	-0.49	-0.12	-0.17	0.35	-0.41	-0.4	0.95	-0.26	-0.6	-0.4	-0.49	0.07	-0.43	-0.46	-0.04	-0.09	-0.23	-0.44	0.28	-0.18	-0.49	-0.51	-0.03		-0.61
Net Receivables	0.8	0.93	0.6	0.47	-0.58	0.54	0.71	-0.55	0.64	0.86	0.74	0.84	-0.05	0.84	0.82	-0.06	-0.2	0.21	0.77	-0.66	-0.15	0.79	0.82	0.27	-0.61

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MRC Global Account Relationship Matchups

MRC Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	1.8B	1.7B	1.9B	1.9B	2.0B
Other Current Liab	91M	57M	47M	79M	68M	104.9M
Total Current Liabilities	486M	399M	436M	564M	783M	607.4M
Total Stockholder Equity	997M	705M	678M	741M	843M	1.0B
Other Liab	128M	111M	85M	71M	81.7M	88.1M
Retained Earnings	(483M)	(781M)	(819M)	(768M)	(678M)	(711.9M)
Accounts Payable	357M	264M	321M	410M	355M	414.6M
Cash	48M	43M	32M	119M	131M	137.6M
Long Term Debt	547M	379M	295M	337M	9M	8.6M
Good Will	486M	484M	483M	264M	237.6M	389.8M
Other Current Assets	38M	26M	19M	31M	34M	26.5M
Total Liab	1.3B	1.1B	993M	1.2B	1.0B	1.2B
Intangible Assets	281M	229M	204M	183M	163M	154.9M
Property Plant Equipment	138M	103M	282M	82M	94.3M	133.8M
Common Stock Shares Outstanding	83.9M	82M	82.5M	84.9M	85.5M	78.8M
Short Long Term Debt Total	752M	607M	507M	558M	521M	700.2M
Property Plant And Equipment Net	324M	303M	282M	284M	283M	198.4M
Net Debt	720M	488M	459M	526M	390M	653.5M
Non Current Assets Total	1.1B	815M	772M	753M	731M	938.6M
Cash And Short Term Investments	48M	43M	32M	119M	131M	137.6M
Net Receivables	459M	319M	379M	501M	430M	463.3M
Liabilities And Stockholders Equity	2.3B	1.8B	1.7B	1.9B	1.9B	2.1B
Non Current Liabilities Total	842M	677M	557M	590M	260M	247M
Other Stockholder Equity	1.4B	1.4B	1.4B	1.4B	1.4B	1.2B
Property Plant And Equipment Gross	324M	303M	91M	82M	462M	485.1M
Total Current Assets	1.2B	966M	899M	1.1B	1.2B	1.1B
Short Term Debt	38M	78M	68M	75M	360M	378M
Net Tangible Assets	400M	399M	(145M)	923M	1.1B	1.1B
Retained Earnings Total Equity	(483M)	(781M)	(819M)	(768M)	(691.2M)	(725.8M)
Long Term Debt Total	547M	379M	295M	337M	303.3M	554.8M
Capital Surpluse	1.7B	1.7B	1.7B	1.8B	2.0B	1.8B
Deferred Long Term Liab	91M	70M	53M	49M	44.1M	41.9M

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When determining whether MRC Global offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MRC Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mrc Global Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mrc Global Stock:

How To Invest In MRC

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Is MRC Stock a good investment?

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What is MRC Global's Net Worth?

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Largest Trading Companies & Distributors Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.

You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Is Trading Companies & Distributors 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 MRC Global. If investors know MRC 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 MRC Global 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

(0.18)

Earnings Share

0.87

Revenue Per Share

37.771

Quarterly Revenue Growth

(0.10)

Return On Assets

0.0505

The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global'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 MRC Global's market value can be influenced by many factors that don't directly affect MRC Global'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 MRC Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global'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.

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MRC Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

MRC Global fundamental ratios Correlations

MRC Global Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MRC Global fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Inventory	+ 0.98	Total Assets
Good Will	+ 0.96	Total Assets
Total Liab	+ 0.95	Total Assets
Cash And Short Term Investments	+ 0.95	Cash
Inventory	+ 0.95	Good Will

Net Debt	- 0.78	Other Liab
Short Long Term Debt Total	- 0.78	Other Liab
Non Current Assets Total	- 0.74	Property Plant And Equipment Net
Property Plant And Equipment Net	- 0.67	Other Current Liab
Net Receivables	- 0.66	Property Plant And Equipment Net
Common Stock	- 0.66	Other Assets