Triumph Income Before Tax vs Tax Provision Analysis
TGI Stock | USD 14.64 0.32 2.23% |
Triumph financial indicator trend analysis is much more than just breaking down Triumph Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Triumph Group is a good investment. Please check the relationship between Triumph Income Before Tax and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Triumph Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Income Before Tax vs Tax Provision
Income Before Tax vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Triumph Group Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Triumph's Income Before Tax and Tax Provision is 0.87. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Triumph Group, assuming nothing else is changed. The correlation between historical values of Triumph's Income Before Tax and Tax Provision 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 Triumph Group are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Triumph's Income Before Tax and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Triumph income statement and is an important metric when analyzing Triumph Group 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.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from Triumph's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Triumph Group 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Triumph Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. The Triumph's current Tax Provision is estimated to increase to about 5.8 M, while Selling General Administrative is projected to decrease to under 189.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 386.9M | 387.5M | 445.7M | 402.1M | Total Revenue | 1.5B | 1.4B | 1.6B | 1.9B |
Triumph fundamental ratios Correlations
Click cells to compare fundamentals
Triumph Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Triumph fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.0B | 2.5B | 1.8B | 1.7B | 2.0B | 2.4B | |
Short Long Term Debt Total | 1.9B | 2.0B | 1.6B | 1.7B | 1.9B | 2.0B | |
Other Current Liab | 214.3M | 329.3M | 264.9M | 151.3M | 174.1M | 151.4M | |
Total Current Liabilities | 987.8M | 718.4M | 601.5M | 396.9M | 456.5M | 506.0M | |
Total Stockholder Equity | (781.3M) | (818.9M) | (787.4M) | (797.4M) | (717.7M) | (681.8M) | |
Property Plant And Equipment Net | 418.1M | 211.4M | 169.1M | 166.8M | 191.8M | 182.2M | |
Net Debt | 1.4B | 1.4B | 1.3B | 1.5B | 1.7B | 1.8B | |
Retained Earnings | (803.5M) | (1.3B) | (1.3B) | (1.2B) | (1.1B) | (1.0B) | |
Accounts Payable | 457.7M | 179.5M | 161.5M | 197.9M | 227.6M | 199.6M | |
Cash | 485.5M | 589.9M | 240.9M | 227.4M | 261.5M | 274.6M | |
Non Current Assets Total | 1.4B | 896.5M | 798.1M | 781.3M | 898.5M | 1.5B | |
Non Currrent Assets Other | 105.1M | 61.0M | 30.5M | 23.9M | 21.5M | 22.6M | |
Cash And Short Term Investments | 485.5M | 589.9M | 240.9M | 227.4M | 261.5M | 274.6M | |
Net Receivables | 603.9M | 328.7M | 280.5M | 299.8M | 344.8M | 285.8M | |
Common Stock Shares Outstanding | 50.5M | 52.7M | 64.5M | 71.7M | 82.5M | 42.9M | |
Liabilities And Stockholders Equity | 3.0B | 2.5B | 1.8B | 1.7B | 2.0B | 2.4B | |
Non Current Liabilities Total | 2.8B | 2.6B | 1.9B | 2.1B | 2.4B | 1.3B | |
Inventory | 453.0M | 400.4M | 361.7M | 389.2M | 447.6M | 538.3M | |
Other Current Assets | 19.3M | 235.5M | 80.0M | 17.1M | 19.6M | 18.6M | |
Other Stockholder Equity | 768.6M | 965.7M | 973.0M | 964.7M | 1.1B | 1.2B | |
Total Liab | 3.8B | 3.3B | 2.5B | 2.5B | 2.9B | 1.8B | |
Property Plant And Equipment Gross | 418.1M | 211.4M | 613.2M | 605.2M | 696.0M | 453.1M | |
Total Current Assets | 1.6B | 1.6B | 962.6M | 933.5M | 1.1B | 956.4M | |
Accumulated Other Comprehensive Income | (746.4M) | (530.2M) | (463.4M) | (554.6M) | (499.2M) | (474.2M) | |
Short Term Debt | 20.5M | 5.2M | 3.3M | 3.2M | 3.6M | 3.5M | |
Intangible Assets | 382.0M | 102.5M | 84.9M | 73.9M | 85.0M | 80.7M | |
Other Liab | 972.0M | 919.0M | 573.1M | 360.4M | 414.5M | 564.8M | |
Other Assets | 43.6M | 14.4M | 30.5M | 14.1M | 16.2M | 15.3M | |
Long Term Debt | 1.8B | 2.0B | 1.6B | 1.7B | 1.9B | 2.0B | |
Good Will | 513.5M | 521.6M | 513.7M | 509.4M | 585.9M | 818.0M | |
Treasury Stock | (159.2M) | (36.2M) | (12.6M) | (96K) | (86.4K) | (90.7K) | |
Property Plant Equipment | 418.1M | 258.0M | 169.1M | 166.8M | 191.8M | 182.2M | |
Current Deferred Revenue | 295.3M | 204.4M | 171.8M | 44.5M | 51.2M | 48.6M | |
Net Tangible Assets | (1.7B) | (1.4B) | (1.4B) | (1.4B) | (1.2B) | (1.3B) | |
Retained Earnings Total Equity | (830.5M) | (1.3B) | (1.3B) | (1.2B) | (1.1B) | (1.0B) | |
Long Term Debt Total | 1.8B | 2.0B | 1.6B | 1.7B | 1.9B | 1.6B | |
Capital Surpluse | 804.8M | 978.3M | 973.1M | 964.7M | 1.1B | 961.0M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Triumph in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Triumph's short interest history, or implied volatility extrapolated from Triumph options trading.
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When determining whether Triumph Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Triumph'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 Triumph Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Triumph Group Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Triumph Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Triumph Group information on this page should be used as a complementary analysis to other Triumph's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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When running Triumph's price analysis, check to measure Triumph'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 Triumph is operating at the current time. Most of Triumph's value examination focuses on studying past and present price action to predict the probability of Triumph's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Triumph's price. Additionally, you may evaluate how the addition of Triumph to your portfolios can decrease your overall portfolio volatility.
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Is Triumph'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 Triumph. If investors know Triumph 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 Triumph 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 (0.31) | Earnings Share (0.72) | Revenue Per Share 19.77 | Quarterly Revenue Growth 0.089 | Return On Assets 0.0552 |
The market value of Triumph Group is measured differently than its book value, which is the value of Triumph that is recorded on the company's balance sheet. Investors also form their own opinion of Triumph's value that differs from its market value or its book value, called intrinsic value, which is Triumph'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 Triumph's market value can be influenced by many factors that don't directly affect Triumph'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 Triumph's value and its price as these two are different measures arrived at by different means. Investors typically determine if Triumph is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Triumph'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.