Thor Good Will vs Long Term Investments Analysis
THO Stock | USD 97.33 0.30 0.31% |
Thor Industries financial indicator trend analysis is much more than just breaking down Thor Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Industries is a good investment. Please check the relationship between Thor Industries Good Will and its Long Term Investments accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor 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 rate. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.
Good Will vs Long Term Investments
Good Will vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Industries Good Will account and Long Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Thor Industries' Good Will and Long Term Investments is 0.53. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Thor Industries, assuming nothing else is changed. The correlation between historical values of Thor Industries' Good Will and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Thor Industries are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Good Will i.e., Thor Industries' Good Will and Long Term Investments go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Long Term Investments
Long Term Investments is an item on the asset side of Thor Industries balance sheet that represents investments Thor Industries intends to hold for over a year. Thor Industries long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from Thor Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Thor 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 rate. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.At this time, Thor Industries' Selling General Administrative is very stable compared to the past year. As of the 9th of June 2024, Tax Provision is likely to grow to about 163.2 M, though Discontinued Operations is likely to grow to (1.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 16.3B | 11.1B | 12.8B | 13.4B | Depreciation And Amortization | 156.9M | 276.9M | 318.5M | 334.4M |
Thor Industries fundamental ratios Correlations
Click cells to compare fundamentals
Thor Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thor Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 6.7B | 7.4B | 7.3B | 8.3B | 8.8B | |
Other Current Liab | 35.9M | 25.7M | 920.3M | 912.8M | 1.0B | 1.1B | |
Total Current Liabilities | 1.5B | 1.8B | 1.8B | 1.7B | 2.0B | 2.1B | |
Total Stockholder Equity | 2.3B | 2.9B | 3.6B | 4.0B | 4.6B | 4.8B | |
Property Plant And Equipment Net | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Net Debt | 1.1B | 1.1B | 1.4B | 861.4M | 990.7M | 1.0B | |
Retained Earnings | 2.2B | 2.8B | 3.8B | 4.1B | 4.7B | 4.9B | |
Cash | 541.4M | 445.9M | 311.7M | 441.2M | 507.4M | 532.8M | |
Non Current Assets Total | 3.7B | 3.9B | 4.3B | 4.5B | 5.1B | 5.4B | |
Cash And Short Term Investments | 541.4M | 445.9M | 311.7M | 441.2M | 507.4M | 532.8M | |
Net Receivables | 814.2M | 949.9M | 944.2M | 643.2M | 739.7M | 776.7M | |
Common Stock Shares Outstanding | 55.4M | 55.7M | 55.3M | 53.9M | 61.9M | 57.6M | |
Liabilities And Stockholders Equity | 5.8B | 6.7B | 7.4B | 7.3B | 8.3B | 8.8B | |
Non Current Liabilities Total | 1.9B | 1.9B | 2.1B | 1.6B | 1.8B | 1.9B | |
Inventory | 716.3M | 1.4B | 1.8B | 1.7B | 1.9B | 2.0B | |
Other Current Assets | 30.4M | 38.4M | 52.0M | 56.1M | 64.5M | 101.3M | |
Other Stockholder Equity | 110.7M | 100.3M | (63.9M) | (53.6M) | (48.3M) | (45.9M) | |
Total Liab | 3.4B | 3.7B | 3.8B | 3.3B | 3.8B | 4.0B | |
Total Current Assets | 2.1B | 2.8B | 3.1B | 2.8B | 3.2B | 3.4B | |
Intangible Assets | 914.7M | 937.2M | 1.1B | 997.0M | 1.1B | 1.2B | |
Short Long Term Debt Total | 1.7B | 1.6B | 1.8B | 1.3B | 1.5B | 1.6B | |
Short Term Debt | 13.8M | 12.4M | 13.2M | 11.4M | 13.1M | 10.6M | |
Accounts Payable | 636.5M | 915.0M | 822.4M | 736.3M | 846.7M | 889.1M | |
Non Currrent Assets Other | 91.5M | 123.8M | 157.9M | 149.4M | 171.8M | 180.4M | |
Good Will | 1.5B | 1.6B | 1.8B | 1.8B | 2.1B | 2.2B | |
Property Plant And Equipment Gross | 1.1B | 1.2B | 1.8B | 2.0B | 2.3B | 2.4B | |
Accumulated Other Comprehensive Income | 27.0M | 44.6M | (181.6M) | (68.5M) | (61.7M) | (58.6M) | |
Common Stock Total Equity | 6.5M | 6.5M | 6.6M | 6.6M | 7.6M | 5.8M | |
Common Stock | 6.5M | 6.6M | 6.6M | 6.6M | 7.6M | 5.8M | |
Other Liab | 224.6M | 316.4M | 259.0M | 230.1M | 264.7M | 277.9M | |
Other Assets | 170.3M | 165.0M | 165.9M | 155.1M | 178.4M | 187.3M | |
Treasury Stock | (348.1M) | (351.9M) | (360.2M) | (543.3M) | (489.0M) | (464.6M) | |
Property Plant Equipment | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.7B | |
Net Tangible Assets | (71.5M) | 421.4M | 3.6B | 1.2B | 1.4B | 1.4B | |
Long Term Debt | 1.7B | 1.6B | 1.8B | 1.3B | 1.5B | 1.6B | |
Retained Earnings Total Equity | 2.0B | 2.1B | 2.2B | 3.8B | 4.4B | 4.6B | |
Capital Surpluse | 436.8M | 460.5M | 497.9M | 539.0M | 619.9M | 354.7M | |
Deferred Long Term Liab | 9.8M | 7.0M | 115.9M | 2.7M | 3.1M | 3.0M | |
Long Term Investments | 46.2M | 0.0 | 10.8M | 126.9M | 145.9M | 153.2M |
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Thor Stock
When determining whether Thor Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thor Industries' 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 Thor Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thor Industries Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor 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 rate. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Automobile Manufacturers 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 Thor Industries. If investors know Thor 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 Thor 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 (0.05) | Dividend Share 1.89 | Earnings Share 4.94 | Revenue Per Share 192.223 | Quarterly Revenue Growth (0.04) |
The market value of Thor Industries is measured differently than its book value, which is the value of Thor that is recorded on the company's balance sheet. Investors also form their own opinion of Thor Industries' value that differs from its market value or its book value, called intrinsic value, which is Thor 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 Thor Industries' market value can be influenced by many factors that don't directly affect Thor 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 Thor Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Thor Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thor 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.