Myers Ebit vs Operating Income Analysis

MYE Stock

USD 11.43 0.04 0.35%

Myers Industries financial indicator trend analysis is infinitely more than just investigating Myers Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Myers Industries is a good investment. Please check the relationship between Myers Industries Ebit and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. 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.

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

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

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

The correlation between Myers Industries' Ebit and Operating Income is 0.86. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Myers Industries, assuming nothing else is changed. The correlation between historical values of Myers Industries' Ebit 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 Ebit of Myers Industries 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 Ebit i.e., Myers Industries' Ebit and Operating Income go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Operating Income

Operating Income is the amount of profit realized from Myers Industries 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 Myers Industries 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 Myers Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Myers Industries 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 Myers Industries. 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.

For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.At present, Myers Industries' Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 857.7 M, whereas Tax Provision is forecasted to decline to about 10.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	4.2M	5.7M	6.3M	7.2M
Depreciation And Amortization	20.9M	21.2M	22.8M	26.0M

Interest Expense Depreciation And Amortization

Myers Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.52	0.58	0.91	0.75	0.88	0.47	-0.23	-0.08	0.95	-0.03	-0.08	0.9	0.53	0.55	0.77	0.64	0.74	0.83	0.45	0.94	0.08	0.53	0.87	0.74	0.72
Short Long Term Debt Total	0.52		0.17	0.37	-0.16	0.42	0.96	-0.3	-0.32	0.66	0.24	-0.32	0.25	-0.27	0.95	-0.01	0.1	0.1	0.89	0.08	0.3	0.4	0.81	0.35	0.33	0.02
Other Current Liab	0.58	0.17		0.44	0.56	0.4	0.14	-0.13	0.35	0.58	0.01	0.35	0.5	0.56	0.24	0.39	0.29	0.6	0.38	0.35	0.52	0.01	0.45	0.3	0.69	0.63
Total Current Liabilities	0.91	0.37	0.44		0.75	0.77	0.31	-0.23	-0.07	0.85	0.02	-0.07	0.85	0.55	0.32	0.74	0.52	0.69	0.7	0.39	0.88	-0.03	0.41	0.91	0.7	0.74
Total Stockholder Equity	0.75	-0.16	0.56	0.75		0.65	-0.19	-0.02	0.19	0.6	-0.24	0.19	0.85	0.86	-0.13	0.87	0.6	0.81	0.25	0.53	0.82	-0.15	0.05	0.69	0.69	0.86
Property Plant And Equipment Net	0.88	0.42	0.4	0.77	0.65		0.48	0.03	-0.4	0.87	-0.06	-0.4	0.85	0.36	0.5	0.86	0.86	0.54	0.73	0.5	0.78	0.16	0.36	0.82	0.5	0.48
Net Debt	0.47	0.96	0.14	0.31	-0.19	0.48		-0.09	-0.53	0.62	0.14	-0.53	0.24	-0.32	0.93	0.05	0.23	-0.03	0.85	0.12	0.25	0.42	0.77	0.3	0.24	-0.11
Retained Earnings	-0.23	-0.3	-0.13	-0.23	-0.02	0.03	-0.09		-0.43	-0.23	-0.64	-0.43	-0.13	-0.08	-0.29	0.04	0.25	-0.45	-0.32	0.37	-0.21	-0.03	-0.06	-0.25	-0.18	-0.38
Cash	-0.08	-0.32	0.35	-0.07	0.19	-0.4	-0.53	-0.43		-0.17	0.05	1.0	-0.14	0.47	-0.31	-0.23	-0.4	0.46	-0.27	0.04	0.03	-0.24	-0.04	-0.18	0.28	0.47
Non Current Assets Total	0.95	0.66	0.58	0.85	0.6	0.87	0.62	-0.23	-0.17		0.12	-0.17	0.85	0.4	0.65	0.68	0.56	0.67	0.88	0.47	0.79	0.22	0.65	0.81	0.76	0.64
Non Currrent Assets Other	-0.03	0.24	0.01	0.02	-0.24	-0.06	0.14	-0.64	0.05	0.12		0.05	-0.07	-0.24	0.19	-0.11	-0.31	0.07	0.15	-0.39	-0.2	0.21	-0.02	0.17	0.03	0.02
Cash And Short Term Investments	-0.08	-0.32	0.35	-0.07	0.19	-0.4	-0.53	-0.43	1.0	-0.17	0.05		-0.14	0.47	-0.31	-0.23	-0.4	0.46	-0.27	0.04	0.03	-0.24	-0.04	-0.18	0.28	0.47
Net Receivables	0.9	0.25	0.5	0.85	0.85	0.85	0.24	-0.13	-0.14	0.85	-0.07	-0.14		0.57	0.27	0.89	0.64	0.74	0.59	0.45	0.85	-0.02	0.25	0.86	0.69	0.75
Common Stock Shares Outstanding	0.53	-0.27	0.56	0.55	0.86	0.36	-0.32	-0.08	0.47	0.4	-0.24	0.47	0.57		-0.27	0.63	0.36	0.83	0.05	0.53	0.62	-0.29	0.13	0.4	0.73	0.84
Non Current Liabilities Total	0.55	0.95	0.24	0.32	-0.13	0.5	0.93	-0.29	-0.31	0.65	0.19	-0.31	0.27	-0.27		0.07	0.27	0.1	0.9	0.04	0.36	0.35	0.73	0.36	0.23	-0.01
Inventory	0.77	-0.01	0.39	0.74	0.87	0.86	0.05	0.04	-0.23	0.68	-0.11	-0.23	0.89	0.63	0.07		0.82	0.64	0.39	0.41	0.79	-0.09	0.02	0.8	0.51	0.62
Other Current Assets	0.64	0.1	0.29	0.52	0.6	0.86	0.23	0.25	-0.4	0.56	-0.31	-0.4	0.64	0.36	0.27	0.82		0.36	0.44	0.44	0.67	0.02	0.1	0.56	0.21	0.27
Other Stockholder Equity	0.74	0.1	0.6	0.69	0.81	0.54	-0.03	-0.45	0.46	0.67	0.07	0.46	0.74	0.83	0.1	0.64	0.36		0.39	0.49	0.73	-0.04	0.3	0.62	0.82	0.94
Total Liab	0.83	0.89	0.38	0.7	0.25	0.73	0.85	-0.32	-0.27	0.88	0.15	-0.27	0.59	0.05	0.9	0.39	0.44	0.39		0.21	0.68	0.25	0.74	0.69	0.5	0.33
Property Plant And Equipment Gross	0.45	0.08	0.35	0.39	0.53	0.5	0.12	0.37	0.04	0.47	-0.39	0.04	0.45	0.53	0.04	0.41	0.44	0.49	0.21		0.37	0.12	0.42	0.28	0.58	0.5
Total Current Assets	0.94	0.3	0.52	0.88	0.82	0.78	0.25	-0.21	0.03	0.79	-0.2	0.03	0.85	0.62	0.36	0.79	0.67	0.73	0.68	0.37		-0.08	0.34	0.83	0.63	0.74
Short Term Debt	0.08	0.4	0.01	-0.03	-0.15	0.16	0.42	-0.03	-0.24	0.22	0.21	-0.24	-0.02	-0.29	0.35	-0.09	0.02	-0.04	0.25	0.12	-0.08		0.25	-0.07	0.07	-0.05
Intangible Assets	0.53	0.81	0.45	0.41	0.05	0.36	0.77	-0.06	-0.04	0.65	-0.02	-0.04	0.25	0.13	0.73	0.02	0.1	0.3	0.74	0.42	0.34	0.25		0.26	0.64	0.22
Accounts Payable	0.87	0.35	0.3	0.91	0.69	0.82	0.3	-0.25	-0.18	0.81	0.17	-0.18	0.86	0.4	0.36	0.8	0.56	0.62	0.69	0.28	0.83	-0.07	0.26		0.56	0.62
Good Will	0.74	0.33	0.69	0.7	0.69	0.5	0.24	-0.18	0.28	0.76	0.03	0.28	0.69	0.73	0.23	0.51	0.21	0.82	0.5	0.58	0.63	0.07	0.64	0.56		0.82
Common Stock Total Equity	0.72	0.02	0.63	0.74	0.86	0.48	-0.11	-0.38	0.47	0.64	0.02	0.47	0.75	0.84	-0.01	0.62	0.27	0.94	0.33	0.5	0.74	-0.05	0.22	0.62	0.82

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Myers Industries Account Relationship Matchups

Myers Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	353.1M	400.0M	484.5M	542.6M	541.6M	431.3M
Short Long Term Debt Total	83.3M	95.7M	130.0M	132.4M	95.5M	126.2M
Other Current Liab	31.1M	29.9M	36.4M	45.6M	42.7M	32.4M
Total Current Liabilities	82.6M	142.2M	132.5M	137.8M	165.1M	97.7M
Total Stockholder Equity	166.7M	189.1M	209.3M	256.4M	292.8M	195.2M
Property Plant And Equipment Net	60.9M	92.3M	121.3M	130.5M	135.9M	126.2M
Net Debt	7.8M	67.4M	112.4M	109.2M	65.2M	112.2M
Retained Earnings	(135.1M)	(117.9M)	(104.2M)	(64.0M)	(35.5M)	(33.7M)
Cash	75.5M	28.3M	17.7M	23.1M	30.3M	31.8M
Non Current Assets Total	168.1M	216.3M	264.6M	285.4M	285.0M	244.1M
Non Currrent Assets Other	101.4M	123.9M	143.2M	7.9M	8.4M	7.9M
Cash And Short Term Investments	75.5M	28.3M	17.7M	23.1M	30.3M	31.8M
Net Receivables	62.4M	84.8M	103.2M	133.7M	128.6M	89.4M
Common Stock Shares Outstanding	33.4M	35.7M	35.9M	36.4M	37.1M	36.7M
Liabilities And Stockholders Equity	353.1M	400.0M	484.5M	542.6M	541.6M	431.3M
Non Current Liabilities Total	103.8M	68.7M	142.7M	148.4M	83.7M	138.4M
Inventory	44.3M	65.9M	93.6M	93.4M	90.8M	72.6M
Other Current Assets	2.8M	4.8M	5.5M	7.0M	6.9M	8.8M
Other Stockholder Equity	296.4M	300.9M	306.7M	315.9M	322.5M	338.7M
Total Liab	186.5M	210.9M	275.2M	286.2M	248.8M	236.1M
Property Plant And Equipment Gross	60.9M	92.3M	121.3M	101.6M	425.1M	446.3M
Total Current Assets	185.0M	183.7M	219.9M	257.2M	256.6M	187.2M
Accumulated Other Comprehensive Income	(16.3M)	(15.8M)	(15.4M)	(17.8M)	(16.8M)	(17.7M)
Short Term Debt	2.1M	48.7M	11.7M	13.4M	39.1M	41.0M
Intangible Assets	30.8M	41.0M	50.2M	51.8M	45.1M	66.1M
Accounts Payable	46.9M	61.2M	81.7M	73.5M	79.1M	53.8M
Good Will	66.8M	79.3M	88.8M	95.2M	95.4M	90.6M
Common Stock Total Equity	21.8M	21.9M	22.2M	22.3M	25.7M	21.0M
Common Stock	21.8M	21.9M	22.2M	22.3M	22.6M	21.5M
Other Assets	9.7M	22.0M	143.3M	8.0M	1.0	0.95
Long Term Debt	77.2M	37.6M	90.9M	94.0M	32.0M	30.4M
Property Plant Equipment	55.0M	74.0M	92.0M	101.6M	91.4M	116.2M
Current Deferred Revenue	2.6M	2.9M	5.2M	10.6M	12.7M	10.9M
Other Liab	22.6M	17.3M	18.5M	22.8M	26.2M	16.3M
Net Tangible Assets	73.2M	82.6M	70.4M	256.4M	294.9M	309.6M
Retained Earnings Total Equity	(135.1M)	(117.9M)	(104.2M)	(64.0M)	(57.6M)	(60.5M)
Long Term Debt Total	77.2M	37.6M	100.4M	102.9M	92.6M	82.9M
Capital Surpluse	296.4M	300.9M	306.7M	315.9M	363.2M	291.8M

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When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:

How To Invest In Myers

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Is Myers Stock a good investment?

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What is Myers Industries' Net Worth?

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Largest Metal, Glass & Plastic Containers Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. 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.

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

You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Is Metal, Glass & Plastic Containers 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 Myers Industries. If investors know Myers 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 Myers Industries 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

(0.04)

Dividend Share

0.54

Earnings Share

0.42

Revenue Per Share

22.234

Quarterly Revenue Growth

0.037

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

Ebit vs Operating Income

Ebit vs Operating Income Correlation Analysis

Correlation Coefficient

Ebit

Operating Income

Myers Industries fundamental ratios Correlations

Myers Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Myers Industries fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Net Debt	+ 0.96	Short Long Term Debt Total
Non Current Assets Total	+ 0.95	Total Assets
Non Current Liabilities Total	+ 0.95	Short Long Term Debt Total
Total Current Assets	+ 0.94	Total Assets
Common Stock Total Equity	+ 0.94	Other Stockholder Equity

Non Currrent Assets Other	- 0.64	Retained Earnings
Cash And Short Term Investments	- 0.53	Net Debt
Cash	- 0.53	Net Debt
Other Stockholder Equity	- 0.45	Retained Earnings
Cash And Short Term Investments	- 0.43	Retained Earnings
Cash	- 0.43	Retained Earnings