TechPrecision Gross Profit vs Cost Of Revenue Analysis
TPCS Stock | USD 3.90 0.07 1.76% |
TechPrecision Common financial indicator trend analysis is much more than just breaking down TechPrecision Common prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TechPrecision Common is a good investment. Please check the relationship between TechPrecision Common Gross Profit and its Cost Of Revenue accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TechPrecision Common. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy TechPrecision Stock please use our How to Invest in TechPrecision Common guide.
Gross Profit vs Cost Of Revenue
Gross Profit vs Cost Of Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TechPrecision Common Gross Profit account and Cost Of Revenue. At this time, the significance of the direction appears to have no relationship.
The correlation between TechPrecision Common's Gross Profit and Cost Of Revenue is 0.06. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of TechPrecision Common, assuming nothing else is changed. The correlation between historical values of TechPrecision Common's Gross Profit and Cost Of 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 Gross Profit of TechPrecision Common are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Gross Profit i.e., TechPrecision Common's Gross Profit and Cost Of Revenue go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of TechPrecision Common minus its cost of goods sold. It is profit before TechPrecision Common operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on TechPrecision Common income statement and represents the costs associated with goods and services TechPrecision Common provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most indicators from TechPrecision Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TechPrecision Common 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 TechPrecision Common. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy TechPrecision Stock please use our How to Invest in TechPrecision Common guide.At this time, TechPrecision Common's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 59.06 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 22.3M | 31.4M | 28.3M | 19.2M | Interest Expense | 269.4K | 355.6K | 320.0K | 304.0K |
TechPrecision Common fundamental ratios Correlations
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TechPrecision Common Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TechPrecision Common fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.6M | 16.0M | 37.9M | 36.2M | 41.6M | 43.7M | |
Short Long Term Debt Total | 2.6M | 3.8M | 13.7M | 11.8M | 13.6M | 6.9M | |
Other Current Liab | 1.6M | 1.5M | 3.4M | 2.5M | 2.9M | 1.8M | |
Total Current Liabilities | 2.7M | 4.7M | 13.3M | 9.0M | 10.4M | 6.6M | |
Total Stockholder Equity | 9.5M | 9.9M | 15.3M | 14.6M | 16.8M | 8.7M | |
Property Plant And Equipment Net | 4.2M | 4.1M | 19.5M | 19.6M | 22.5M | 23.6M | |
Current Deferred Revenue | 805.0K | 218.2K | 1.8M | 2.3M | 2.1M | 2.2M | |
Net Debt | 1.6M | 1.7M | 12.6M | 11.3M | 13.0M | 13.6M | |
Retained Earnings | 651.8K | 972.4K | 622.6K | (356.4K) | (320.8K) | (304.8K) | |
Accounts Payable | 185.1K | 500.8K | 3.4M | 2.2M | 2.6M | 1.4M | |
Cash | 930.9K | 2.1M | 1.1M | 534.5K | 481.0K | 457.0K | |
Non Current Assets Total | 6.3M | 6.1M | 21.8M | 21.6M | 24.9M | 26.1M | |
Non Currrent Assets Other | 6.2K | 32.6K | 84.6K | 121.3K | 109.1K | 81.6K | |
Cash And Short Term Investments | 930.9K | 2.1M | 1.1M | 534.5K | 481.0K | 457.0K | |
Net Receivables | 5.5M | 6.1M | 11.4M | 11.3M | 13.0M | 13.6M | |
Common Stock Shares Outstanding | 7.3M | 7.8M | 8.1M | 8.6M | 9.9M | 6.7M | |
Liabilities And Stockholders Equity | 14.6M | 16.0M | 37.9M | 36.2M | 41.6M | 43.7M | |
Non Current Liabilities Total | 2.5M | 1.3M | 9.3M | 12.6M | 14.5M | 15.2M | |
Inventory | 1.2M | 1.3M | 2.2M | 2.4M | 2.8M | 2.9M | |
Other Current Assets | 606.2K | 379.4K | 1.1M | 11.7B | 13.5B | 14.1B | |
Other Stockholder Equity | 8.8M | 8.9M | 14.6M | 14.9M | 17.2M | 18.1M | |
Total Liab | 5.1M | 6.1M | 22.6M | 21.6M | 24.9M | 26.1M | |
Total Current Assets | 8.2M | 9.9M | 16.1M | 14.6M | 13.1M | 8.9M | |
Accumulated Other Comprehensive Income | 24.2K | 21.9K | 21.7K | 21.8K | 25.1K | 26.4K | |
Short Term Debt | 109.8K | 2.5M | 4.7M | 1.9M | 2.2M | 2.2M | |
Common Stock | 2.9K | 2.9K | 3.4K | 861.0 | 990.15 | 940.64 | |
Other Assets | 2.0M | 2.1M | 2.0M | 2.2M | 2.6M | 2.7M | |
Long Term Debt | 2.4M | 1.3M | 3.1M | 4.7M | 4.3M | 3.0M | |
Property Plant Equipment | 4.2M | 4.1M | 19.5M | 13.9M | 16.0M | 16.8M | |
Net Tangible Assets | 9.5M | 9.9M | 15.3M | 14.6M | 16.8M | 8.7M | |
Common Stock Total Equity | 2.9K | 2.9K | 2.9K | 861.0 | 774.9 | 736.16 | |
Retained Earnings Total Equity | 993.3K | 651.8K | 972.4K | (356.4K) | (409.9K) | (430.4K) | |
Long Term Debt Total | 4.2M | 3.4M | 2.5M | 1.3M | 1.5M | 1.5M | |
Capital Surpluse | 8.7M | 8.8M | 8.9M | 14.9M | 17.2M | 9.5M | |
Short Long Term Debt | 98.0K | 2.5M | 4.1M | 1.2M | 1.1M | 1.3M |
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 TechPrecision Common 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, TechPrecision Common's short interest history, or implied volatility extrapolated from TechPrecision Common options trading.
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When determining whether TechPrecision Common is a strong investment it is important to analyze TechPrecision Common'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 TechPrecision Common's future performance. For an informed investment choice regarding TechPrecision Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TechPrecision Common. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy TechPrecision Stock please use our How to Invest in TechPrecision Common guide.Note that the TechPrecision Common information on this page should be used as a complementary analysis to other TechPrecision Common'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running TechPrecision Common's price analysis, check to measure TechPrecision Common'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 TechPrecision Common is operating at the current time. Most of TechPrecision Common's value examination focuses on studying past and present price action to predict the probability of TechPrecision Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TechPrecision Common's price. Additionally, you may evaluate how the addition of TechPrecision Common to your portfolios can decrease your overall portfolio volatility.
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Is TechPrecision Common'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 TechPrecision Common. If investors know TechPrecision 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 TechPrecision Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.34) | Revenue Per Share 3.515 | Quarterly Revenue Growth (0.08) | Return On Assets (0.05) | Return On Equity (0.21) |
The market value of TechPrecision Common is measured differently than its book value, which is the value of TechPrecision that is recorded on the company's balance sheet. Investors also form their own opinion of TechPrecision Common's value that differs from its market value or its book value, called intrinsic value, which is TechPrecision Common'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 TechPrecision Common's market value can be influenced by many factors that don't directly affect TechPrecision Common'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 TechPrecision Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if TechPrecision Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TechPrecision Common'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.