Millennium Income Tax Expense from 2010 to 2024

MGIH Stock   1.80  0.06  3.45%   
Millennium Group's Income Tax Expense is decreasing with slightly volatile movements from year to year. Income Tax Expense is estimated to finish at about -66.1 K this year. For the period between 2010 and 2024, Millennium Group, Income Tax Expense quarterly trend regression had median of  1,103,541 and r-value of (0.77). View All Fundamentals
 
Income Tax Expense  
First Reported
2010-12-31
Previous Quarter
-69.6 K
Current Value
-66.1 K
Quarterly Volatility
477.2 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Millennium Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Millennium Group's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 M, Interest Expense of 577.3 K or Total Revenue of 47.4 M, as well as many indicators such as Price To Sales Ratio of 0.79, Dividend Yield of 0.2 or PTB Ratio of 0.54. Millennium financial statements analysis is a perfect complement when working with Millennium Group Valuation or Volatility modules.
  
Check out the analysis of Millennium Group Correlation against competitors.

Latest Millennium Group's Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of Millennium Group International over the last few years. It is Millennium Group's Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Millennium Group's overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Slightly volatile
   Income Tax Expense   
       Timeline  

Millennium Income Tax Expense Regression Statistics

Arithmetic Mean834,646
Coefficient Of Variation57.18
Mean Deviation366,862
Median1,103,541
Standard Deviation477,249
Sample Variance227.8B
Range1.2M
R-Value(0.77)
Mean Square Error101.6B
R-Squared0.59
Significance0.0009
Slope(81,665)
Total Sum of Squares3.2T

Millennium Income Tax Expense History

2024-66.1 K
2023-69.6 K
2022-77.3 K
2021897.2 K
2020800.1 K

About Millennium Group Financial Statements

Investors use fundamental indicators, such as Millennium Group's Income Tax Expense, to determine how well the company is positioned to perform in the future. Although Millennium Group's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Income Tax Expense-69.6 K-66.1 K

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Millennium Stock

When determining whether Millennium Group Int offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millennium Group'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 Millennium Group International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millennium Group International Stock:
Check out the analysis of Millennium Group Correlation against competitors.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Diversified Metals & Mining 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 Millennium Group. If investors know Millennium 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 Millennium Group 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
(0.50)
Earnings Share
(0.20)
Revenue Per Share
3.943
Quarterly Revenue Growth
(0.1)
Return On Assets
(0.02)
The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group'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 Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group'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 Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group'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.