3M Income Before Tax vs Reconciled Depreciation Analysis

MMM Stock

USD 91.83 0.42 0.46%

3M financial indicator trend analysis is way more than just evaluating 3M Company prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3M Company is a good investment. Please check the relationship between 3M Income Before Tax and its Reconciled Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Income Before Tax vs Reconciled Depreciation

Income Before Tax vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of 3M Company Income Before Tax account and Reconciled Depreciation. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between 3M's Income Before Tax and Reconciled Depreciation is -0.59. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of 3M Company, assuming nothing else is changed. The correlation between historical values of 3M's Income Before Tax and Reconciled Depreciation 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 3M Company are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Income Before Tax i.e., 3M's Income Before Tax and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on 3M income statement and is an important metric when analyzing 3M Company 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.

Reconciled Depreciation

Most indicators from 3M's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3M Company 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 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

At this time, 3M's Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.69, while Issuance Of Capital Stock is likely to drop about 567.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	16.6B	15.0B	14.2B	11.0B
Total Revenue	35.4B	34.2B	32.7B	23.6B

Gross Profit Total Revenue

3M 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	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments
Total Assets		0.74	0.34	0.51	0.31	0.96	0.71	0.92	0.58	0.8	0.64	0.58	0.89	-0.87	0.68	0.94	-0.17	-0.75	0.64	0.95	0.42	0.92	0.34	0.77	-0.74	-0.11
Short Long Term Debt Total	0.74		0.54	0.71	-0.2	0.71	0.97	0.69	0.71	0.9	0.59	0.57	0.66	-0.87	0.94	0.66	-0.52	-0.94	0.9	0.61	0.68	0.72	0.53	0.47	-0.52	-0.52
Other Current Liab	0.34	0.54		0.96	-0.44	0.28	0.37	0.11	0.88	0.73	0.55	0.79	0.28	-0.54	0.78	0.3	-0.46	-0.57	0.85	0.34	0.73	0.42	0.85	0.25	-0.38	-0.35
Total Current Liabilities	0.51	0.71	0.96		-0.33	0.46	0.56	0.31	0.9	0.86	0.66	0.8	0.44	-0.7	0.87	0.48	-0.46	-0.73	0.93	0.47	0.85	0.57	0.88	0.37	-0.51	-0.4
Total Stockholder Equity	0.31	-0.2	-0.44	-0.33		0.43	-0.19	0.43	-0.18	-0.02	0.0	0.04	0.36	-0.08	-0.33	0.38	0.57	0.17	-0.34	0.44	-0.36	0.15	-0.38	0.41	-0.46	0.64
Property Plant And Equipment Net	0.96	0.71	0.28	0.46	0.43		0.69	0.96	0.51	0.78	0.52	0.53	0.94	-0.9	0.62	0.91	0.02	-0.75	0.59	0.94	0.36	0.83	0.25	0.86	-0.86	-0.05
Net Debt	0.71	0.97	0.37	0.56	-0.19	0.69		0.71	0.53	0.8	0.48	0.38	0.65	-0.82	0.85	0.61	-0.44	-0.9	0.79	0.54	0.61	0.66	0.38	0.44	-0.46	-0.54
Retained Earnings	0.92	0.69	0.11	0.31	0.43	0.96	0.71		0.38	0.68	0.48	0.37	0.92	-0.88	0.55	0.9	-0.01	-0.76	0.49	0.88	0.25	0.82	0.16	0.86	-0.78	-0.11
Cash	0.58	0.71	0.88	0.9	-0.18	0.51	0.53	0.38		0.87	0.7	0.95	0.47	-0.7	0.87	0.56	-0.57	-0.7	0.9	0.59	0.64	0.65	0.78	0.4	-0.51	-0.25
Non Current Assets Total	0.8	0.9	0.73	0.86	-0.02	0.78	0.8	0.68	0.87		0.72	0.79	0.7	-0.9	0.94	0.74	-0.38	-0.88	0.94	0.72	0.73	0.78	0.7	0.57	-0.71	-0.34
Non Currrent Assets Other	0.64	0.59	0.55	0.66	0.0	0.52	0.48	0.48	0.7	0.72		0.59	0.35	-0.57	0.63	0.73	-0.5	-0.62	0.66	0.54	0.55	0.84	0.77	0.32	-0.28	-0.42
Cash And Short Term Investments	0.58	0.57	0.79	0.8	0.04	0.53	0.38	0.37	0.95	0.79	0.59		0.51	-0.64	0.74	0.56	-0.43	-0.55	0.78	0.67	0.51	0.59	0.67	0.45	-0.6	0.07
Net Receivables	0.89	0.66	0.28	0.44	0.36	0.94	0.65	0.92	0.47	0.7	0.35	0.51		-0.9	0.59	0.85	0.0	-0.75	0.56	0.92	0.33	0.73	0.19	0.93	-0.89	0.03
Common Stock Shares Outstanding	-0.87	-0.87	-0.54	-0.7	-0.08	-0.9	-0.82	-0.88	-0.7	-0.9	-0.57	-0.64	-0.9		-0.85	-0.83	0.22	0.94	-0.83	-0.84	-0.57	-0.81	-0.51	-0.82	0.83	0.29
Non Current Liabilities Total	0.68	0.94	0.78	0.87	-0.33	0.62	0.85	0.55	0.87	0.94	0.63	0.74	0.59	-0.85		0.59	-0.57	-0.91	0.99	0.58	0.74	0.7	0.72	0.44	-0.53	-0.49
Inventory	0.94	0.66	0.3	0.48	0.38	0.91	0.61	0.9	0.56	0.74	0.73	0.56	0.85	-0.83	0.59		-0.21	-0.74	0.58	0.93	0.37	0.95	0.41	0.79	-0.71	-0.08
Other Current Assets	-0.17	-0.52	-0.46	-0.46	0.57	0.02	-0.44	-0.01	-0.57	-0.38	-0.5	-0.43	0.0	0.22	-0.57	-0.21		0.44	-0.55	-0.11	-0.39	-0.38	-0.51	0.16	-0.23	0.42
Other Stockholder Equity	-0.75	-0.94	-0.57	-0.73	0.17	-0.75	-0.9	-0.76	-0.7	-0.88	-0.62	-0.55	-0.75	0.94	-0.91	-0.74	0.44		-0.88	-0.66	-0.63	-0.78	-0.59	-0.66	0.62	0.54
Total Liab	0.64	0.9	0.85	0.93	-0.34	0.59	0.79	0.49	0.9	0.94	0.66	0.78	0.56	-0.83	0.99	0.58	-0.55	-0.88		0.56	0.79	0.68	0.79	0.43	-0.54	-0.48
Total Current Assets	0.95	0.61	0.34	0.47	0.44	0.94	0.54	0.88	0.59	0.72	0.54	0.67	0.92	-0.84	0.58	0.93	-0.11	-0.66	0.56		0.31	0.85	0.29	0.85	-0.82	0.13
Short Term Debt	0.42	0.68	0.73	0.85	-0.36	0.36	0.61	0.25	0.64	0.73	0.55	0.51	0.33	-0.57	0.74	0.37	-0.39	-0.63	0.79	0.31		0.43	0.73	0.19	-0.33	-0.46
Accounts Payable	0.92	0.72	0.42	0.57	0.15	0.83	0.66	0.82	0.65	0.78	0.84	0.59	0.73	-0.81	0.7	0.95	-0.38	-0.78	0.68	0.85	0.43		0.53	0.66	-0.56	-0.28
Property Plant And Equipment Gross	0.34	0.53	0.85	0.88	-0.38	0.25	0.38	0.16	0.78	0.7	0.77	0.67	0.19	-0.51	0.72	0.41	-0.51	-0.59	0.79	0.29	0.73	0.53		0.18	-0.27	-0.41
Current Deferred Revenue	0.77	0.47	0.25	0.37	0.41	0.86	0.44	0.86	0.4	0.57	0.32	0.45	0.93	-0.82	0.44	0.79	0.16	-0.66	0.43	0.85	0.19	0.66	0.18		-0.89	0.03
Common Stock Total Equity	-0.74	-0.52	-0.38	-0.51	-0.46	-0.86	-0.46	-0.78	-0.51	-0.71	-0.28	-0.6	-0.89	0.83	-0.53	-0.71	-0.23	0.62	-0.54	-0.82	-0.33	-0.56	-0.27	-0.89		-0.17
Short Term Investments	-0.11	-0.52	-0.35	-0.4	0.64	-0.05	-0.54	-0.11	-0.25	-0.34	-0.42	0.07	0.03	0.29	-0.49	-0.08	0.42	0.54	-0.48	0.13	-0.46	-0.28	-0.41	0.03	-0.17

Click cells to compare fundamentals

3M Account Relationship Matchups

3M fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	44.7B	47.3B	47.1B	46.5B	50.6B	25.6B
Short Long Term Debt Total	20.6B	19.1B	17.6B	16.2B	16.9B	17.7B
Other Current Liab	3.5B	3.8B	3.9B	3.6B	8.3B	8.7B
Total Current Liabilities	9.2B	7.9B	9.0B	9.5B	15.3B	16.1B
Total Stockholder Equity	10.1B	12.9B	15.1B	14.8B	4.8B	4.6B
Property Plant And Equipment Net	10.2B	10.3B	10.3B	10.0B	9.9B	7.1B
Net Debt	18.2B	14.4B	13.1B	12.5B	10.9B	11.5B
Retained Earnings	42.1B	43.8B	45.8B	48.0B	37.5B	22.7B
Cash	2.4B	4.6B	4.6B	3.7B	5.9B	6.2B
Non Current Assets Total	31.7B	32.4B	31.7B	31.8B	34.2B	35.9B
Non Currrent Assets Other	957M	1.4B	1.8B	2.3B	2.0B	1.3B
Cash And Short Term Investments	2.5B	5.0B	4.8B	3.9B	6.0B	6.3B
Net Receivables	4.8B	4.7B	4.7B	4.5B	4.9B	3.6B
Common Stock Shares Outstanding	585.1M	582.2M	585.3M	567.6M	553.9M	606.9M
Liabilities And Stockholders Equity	44.7B	47.3B	47.1B	46.5B	50.6B	25.6B
Non Current Liabilities Total	25.3B	26.5B	22.9B	22.2B	30.4B	31.9B
Inventory	4.1B	4.2B	5.0B	5.4B	4.8B	3.2B
Other Current Assets	891M	325M	339M	456M	149M	141.6M
Other Stockholder Equity	(23.9B)	(23.2B)	(24.0B)	(26.5B)	(25.9B)	(24.6B)
Total Liab	34.5B	34.4B	32.0B	31.7B	45.7B	48.0B
Total Current Assets	13.0B	15.0B	15.4B	14.7B	16.4B	10.0B
Short Term Debt	3.0B	1.1B	1.6B	2.2B	3.2B	3.3B
Accounts Payable	2.2B	2.6B	3.0B	3.2B	3.2B	1.6B
Property Plant And Equipment Gross	10.2B	10.3B	10.3B	26.0B	27.6B	29.0B
Accumulated Other Comprehensive Income	(8.1B)	(7.7B)	(6.8B)	(6.7B)	(6.8B)	(6.4B)
Current Deferred Revenue	430M	498M	529M	538M	572M	367.8M
Short Term Investments	98M	404M	201M	238M	53M	50.4M
Intangible Assets	6.4B	5.8B	5.3B	4.7B	4.2B	2.5B
Other Liab	7.1B	8.5B	6.9B	7.5B	8.6B	4.8B
Long Term Debt	17.5B	18.0B	16.1B	14.0B	13.1B	7.9B
Treasury Stock	(29.6B)	(29.8B)	(29.4B)	(30.5B)	(27.4B)	(26.0B)
Property Plant Equipment	9.3B	9.4B	10.3B	10.0B	11.5B	8.3B
Good Will	13.4B	13.8B	13.5B	12.8B	12.9B	8.3B
Net Tangible Assets	(9.8B)	(6.8B)	(3.7B)	(2.8B)	(2.5B)	(2.4B)
Noncontrolling Interest In Consolidated Entity	63M	64M	71M	48M	43.2M	41.0M
Retained Earnings Total Equity	42.1B	43.8B	45.8B	48.0B	55.1B	40.0B
Capital Surpluse	5.9B	6.2B	6.4B	6.7B	7.7B	5.4B

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether 3M Company is a strong investment it is important to analyze 3M's 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 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports:

How To Invest In 3M

Details

Is 3M Stock a good investment?

Details

What is 3M's Net Worth?

Details

Largest Industrial Conglomerates Companies

View

Largest Capital Goods Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for 3M Stock analysis

When running 3M's price analysis, check to measure 3M's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.

	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities
	Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios
	Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios
	Transaction History View history of all your transactions and understand their impact on performance

Is 3M's industry 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 3M. If investors know 3M 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 3M 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

0.744

Dividend Share

Earnings Share

(12.63)

Revenue Per Share

59.002

Quarterly Revenue Growth

(0.01)

The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M'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 3M's market value can be influenced by many factors that don't directly affect 3M'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 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

3M Income Before Tax vs Reconciled Depreciation Analysis

Income Before Tax vs Reconciled Depreciation

Income Before Tax vs Reconciled Depreciation Correlation Analysis

Correlation Coefficient

Income Before Tax

Reconciled Depreciation

3M fundamental ratios Correlations

3M Account Relationship Matchups

High Positive Relationship

High Negative Relationship

3M fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for 3M Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Non Current Liabilities Total
Net Debt	+ 0.97	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.96	Total Assets
Total Current Liabilities	+ 0.96	Other Current Liab
Retained Earnings	+ 0.96	Property Plant And Equipment Net
Total Current Assets	+ 0.95	Total Assets

Other Stockholder Equity	- 0.94	Short Long Term Debt Total
Other Stockholder Equity	- 0.91	Non Current Liabilities Total
Common Stock Shares Outstanding	- 0.9	Net Receivables
Common Stock Shares Outstanding	- 0.9	Non Current Assets Total
Other Stockholder Equity	- 0.9	Net Debt
Common Stock Shares Outstanding	- 0.9	Property Plant And Equipment Net