Tourmaline Income Before Tax vs Total Revenue Analysis
TOU Stock | CAD 67.37 0.99 1.49% |
Tourmaline Oil financial indicator trend analysis is much more than just breaking down Tourmaline Oil Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tourmaline Oil Corp is a good investment. Please check the relationship between Tourmaline Oil Income Before Tax and its Total Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Oil Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Income Before Tax vs Total Revenue
Income Before Tax vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tourmaline Oil Corp Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Tourmaline Oil's Income Before Tax and Total Revenue is 0.93. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Tourmaline Oil Corp, assuming nothing else is changed. The correlation between historical values of Tourmaline Oil's Income Before Tax and Total Revenue 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 Tourmaline Oil Corp are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., Tourmaline Oil's Income Before Tax and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.93 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Tourmaline Oil income statement and is an important metric when analyzing Tourmaline Oil Corp 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.Total Revenue
Total revenue comprises all receipts Tourmaline Oil Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Most indicators from Tourmaline Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tourmaline Oil Corp 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 Tourmaline Oil Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Tourmaline Oil's Selling General Administrative is very stable compared to the past year. As of the 10th of May 2024, Enterprise Value is likely to grow to about 22.5 B, while Tax Provision is likely to drop about 334.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 36.6M | 29.9M | 38.2M | 31.4M | Depreciation And Amortization | 742.2M | 1.2B | 1.4B | 1.4B |
Tourmaline Oil fundamental ratios Correlations
Click cells to compare fundamentals
Tourmaline Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tourmaline Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.2B | 12.8B | 15.3B | 18.9B | 20.1B | 21.1B | |
Other Current Liab | 23.0M | 514.3M | 1.0B | 420.0M | 38.9M | 37.0M | |
Total Current Liabilities | 438.1M | 517.7M | 1.1B | 1.4B | 1.6B | 1.7B | |
Total Stockholder Equity | 7.8B | 8.8B | 11.6B | 13.7B | 14.0B | 7.2B | |
Property Plant And Equipment Net | 10.9B | 12.2B | 13.8B | 14.8B | 17.5B | 9.2B | |
Net Debt | 1.6B | 1.7B | 891.9M | 639.4M | 1.1B | 961.7M | |
Retained Earnings | 1.6B | 2.2B | 3.8B | 5.7B | 5.2B | 5.4B | |
Non Current Assets Total | 10.9B | 12.2B | 14.6B | 16.6B | 18.8B | 9.5B | |
Cash And Short Term Investments | 12.1M | 220.2M | (11.2M) | (10.2M) | (9.1M) | (8.7M) | |
Net Receivables | 259.9M | 363.6M | 652.2M | 1.1B | 731.1M | 767.6M | |
Common Stock Total Equity | 5.9B | 5.9B | 5.9B | 6.3B | 7.3B | 4.4B | |
Common Stock Shares Outstanding | 271.9M | 272.1M | 316.8M | 342.5M | 351.4M | 252.8M | |
Liabilities And Stockholders Equity | 11.2B | 12.8B | 15.3B | 18.9B | 21.7B | 22.8B | |
Non Current Liabilities Total | 2.8B | 3.0B | 2.6B | 3.8B | 4.5B | 4.7B | |
Other Current Assets | 12.1M | 23.1M | 37.5M | 1.2B | 1.3B | 1.4B | |
Other Stockholder Equity | 287.4M | 307.2M | 284.3M | 288.3M | 331.6M | 185.6M | |
Total Liab | 3.2B | 3.5B | 3.7B | 5.2B | 6.1B | 6.4B | |
Property Plant And Equipment Gross | 10.9B | 12.2B | 19.8B | 21.9B | 17.5B | 10.1B | |
Total Current Assets | 285.1M | 629.5M | 689.7M | 2.2B | 1.3B | 1.4B | |
Accumulated Other Comprehensive Income | (3.3B) | (4.0B) | (4.8B) | (5.9B) | (5.3B) | (5.1B) | |
Short Term Debt | 2.7M | 3.4M | 3.0M | 3.1M | 3.6M | 3.4M | |
Common Stock | 5.9B | 6.3B | 7.5B | 7.7B | 8.9B | 5.0B | |
Short Long Term Debt Total | 1.6B | 2.0B | 880.7M | 629.3M | 723.7M | 1.2B | |
Accounts Payable | 412.3M | 450.5M | 775.5M | 1.0B | 1.1B | 636.2M | |
Non Currrent Assets Other | 4.8M | 7.1M | 12.2M | 1.2B | 2.1M | 2.0M | |
Other Liab | 1.1B | 1.0B | 1.8B | 3.1B | 3.6B | 3.8B | |
Net Tangible Assets | 7.8B | 8.8B | 11.6B | 13.7B | 15.7B | 8.4B | |
Other Assets | 4.8M | 7.1M | 12.2M | 1.2B | 1.4B | 1.4B | |
Long Term Debt | 1.6B | 1.9B | 869.6M | 619.1M | 1.1B | 1.3B | |
Property Plant Equipment | 10.9B | 12.2B | 13.8B | 14.8B | 17.0B | 10.9B | |
Long Term Debt Total | 1.6B | 2.0B | 877.7M | 626.2M | 563.5M | 1.1B | |
Capital Surpluse | 287.4M | 307.2M | 284.3M | 288.3M | 331.6M | 275.4M | |
Long Term Investments | 3.0M | 0.0 | 745.9M | 648.2M | 608.0M | 638.4M | |
Net Invested Capital | 9.4B | 10.8B | 12.5B | 14.3B | 15.1B | 12.5B | |
Net Working Capital | (153.0M) | 111.7M | (361.0M) | 809.4M | (298.3M) | (283.4M) | |
Capital Stock | 5.9B | 6.3B | 7.5B | 7.7B | 8.5B | 7.7B |
Currently Active Assets on Macroaxis
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Oil Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Tourmaline Stock analysis
When running Tourmaline Oil's price analysis, check to measure Tourmaline Oil'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 Tourmaline Oil is operating at the current time. Most of Tourmaline Oil's value examination focuses on studying past and present price action to predict the probability of Tourmaline Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tourmaline Oil's price. Additionally, you may evaluate how the addition of Tourmaline Oil to your portfolios can decrease your overall portfolio volatility.
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Stocks Directory Find actively traded stocks across global markets | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Global Correlations Find global opportunities by holding instruments from different markets |