TPI Income Before Tax vs Non Recurring Analysis
TPIC Stock | USD 4.23 0.01 0.24% |
TPI Composites financial indicator trend analysis is much more than just breaking down TPI Composites prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TPI Composites is a good investment. Please check the relationship between TPI Composites Income Before Tax and its Non Recurring accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TPI Composites. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade TPI Stock refer to our How to Trade TPI Stock guide.
Income Before Tax vs Non Recurring
Income Before Tax vs Non Recurring Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TPI Composites Income Before Tax account and Non Recurring. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between TPI Composites' Income Before Tax and Non Recurring is 0.44. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Non Recurring in the same time period over historical financial statements of TPI Composites, assuming nothing else is changed. The correlation between historical values of TPI Composites' Income Before Tax and Non Recurring 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 TPI Composites are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Income Before Tax i.e., TPI Composites' Income Before Tax and Non Recurring go up and down completely randomly.
Correlation Coefficient | 0.44 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on TPI Composites income statement and is an important metric when analyzing TPI Composites 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.Non Recurring
Most indicators from TPI Composites' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TPI Composites 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 TPI Composites. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade TPI Stock refer to our How to Trade TPI Stock guide.The current year's Sales General And Administrative To Revenue is expected to grow to 0.03, whereas Selling General Administrative is forecasted to decline to about 33.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 13.6M | 5.0M | 12.1M | 11.5M | Depreciation And Amortization | 39.1M | 2.3M | 38.9M | 25.3M |
TPI Composites fundamental ratios Correlations
Click cells to compare fundamentals
TPI Composites Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TPI Composites fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 826.7M | 956.3M | 1.0B | 962.2M | 804.1M | 641.2M | |
Short Long Term Debt Total | 271.9M | 398.9M | 243.8M | 216.8M | 624.3M | 655.6M | |
Other Current Liab | 47.6M | 50.9M | 42.0M | 76.8M | 42.2M | 53.3M | |
Total Current Liabilities | 373.9M | 406.1M | 469.1M | 456.6M | 386.4M | 324.8M | |
Total Stockholder Equity | 205.1M | 201.0M | 251.0M | 50.5M | (122.3M) | (116.2M) | |
Property Plant And Equipment Net | 327.4M | 367.8M | 306.8M | 289.2M | 264.9M | 193.4M | |
Net Debt | 201.6M | 269.0M | 1.6M | 83.2M | 452.4M | 475.1M | |
Retained Earnings | (90.7M) | (109.7M) | (269.3M) | (334.6M) | (536.3M) | (509.5M) | |
Accounts Payable | 293.1M | 296.0M | 336.7M | 280.5M | 227.7M | 210.2M | |
Cash | 70.3M | 129.9M | 242.2M | 133.5M | 171.9M | 110.5M | |
Non Current Assets Total | 358.3M | 408.1M | 347.4M | 317.0M | 301.0M | 220.5M | |
Non Currrent Assets Other | 30.9M | 40.3M | 40.7M | 12.2M | 12.5M | 19.3M | |
Cash And Short Term Investments | 70.3M | 129.9M | 242.2M | 133.5M | 171.9M | 110.5M | |
Net Receivables | 350.5M | 349.7M | 346.1M | 400.7M | 284.0M | 218.8M | |
Liabilities And Stockholders Equity | 826.7M | 956.3M | 1.0B | 962.2M | 804.1M | 641.2M | |
Non Current Liabilities Total | 247.7M | 349.1M | 287.6M | 455.1M | 540.0M | 567.0M | |
Inventory | 6.7M | 10.8M | 11.5M | 10.7M | 9.4M | 8.9M | |
Other Current Assets | 29.8M | 27.9M | 22.6M | 26.1M | 37.8M | 39.7M | |
Other Stockholder Equity | 295.4M | 310.4M | 322.9M | 90.1M | 421.2M | 213.7M | |
Total Liab | 621.6M | 755.2M | 756.7M | 911.7M | 926.4M | 577.4M | |
Property Plant And Equipment Gross | 327.4M | 209.0M | 306.8M | 289.2M | 480.3M | 504.3M | |
Total Current Assets | 468.4M | 548.2M | 660.3M | 645.2M | 503.1M | 420.6M | |
Accumulated Other Comprehensive Income | (23.6M) | (33.0M) | (54.0M) | (15.4M) | (7.6M) | (8.0M) | |
Intangible Assets | 5.7M | 5.7M | 3.5M | 3.3M | 2.4M | 3.8M | |
Common Stock Shares Outstanding | 35.1M | 35.5M | 37.4M | 42.0M | 42.7M | 36.1M | |
Short Term Debt | 30.1M | 58.7M | 89.1M | 82.2M | 92.5M | 56.6M | |
Other Liab | 3.3M | 8.9M | 11.0M | 10.7M | 12.3M | 6.4M | |
Net Tangible Assets | 199.5M | 198.2M | 370.1M | 357.6M | 411.2M | 431.8M | |
Current Deferred Revenue | 3.0M | 614K | 1.3M | 17.1M | 24.0M | 29.0M | |
Other Assets | 25.4M | 192.1M | 40.7M | 24.2M | 27.9M | 43.0M | |
Long Term Debt | 127.9M | 184.3M | 8.2M | 1.2M | 414.7M | 435.5M | |
Short Term Investments | 6.1M | 2.8M | 1.2M | 586K | 597K | 567.2K | |
Deferred Long Term Liab | 3.0M | 2.9M | 2.6M | 2.4M | 2.8M | 2.7M | |
Short Long Term Debt | 13.5M | 32.6M | 66.4M | 60.0M | 70.5M | 50.1M | |
Common Stock | 353K | 368K | 374K | 424K | 470K | 405.6K | |
Property Plant Equipment | 327.4M | 209.0M | 169.6M | 136.8M | 157.4M | 163.3M | |
Long Term Debt Total | 127.9M | 184.3M | 8.2M | 1.2M | 1.1M | 1.0M | |
Common Stock Total Equity | 353K | 368K | 374K | 424K | 487.6K | 399.6K | |
Retained Earnings Total Equity | (90.7M) | (109.7M) | (269.3M) | (334.6M) | (301.1M) | (286.1M) | |
Capital Surpluse | 322.9M | 349.5M | 451.4M | 407.6M | 468.7M | 383.0M |
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 TPI Composites 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, TPI Composites' short interest history, or implied volatility extrapolated from TPI Composites options trading.
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When determining whether TPI Composites offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TPI Composites' 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 Tpi Composites Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tpi Composites Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TPI Composites. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade TPI Stock refer to our How to Trade TPI Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running TPI Composites' price analysis, check to measure TPI Composites' 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 TPI Composites is operating at the current time. Most of TPI Composites' value examination focuses on studying past and present price action to predict the probability of TPI Composites' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TPI Composites' price. Additionally, you may evaluate how the addition of TPI Composites to your portfolios can decrease your overall portfolio volatility.
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Is TPI Composites' 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 TPI Composites. If investors know TPI 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 TPI Composites listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.71) | Revenue Per Share 30.755 | Quarterly Revenue Growth (0.26) | Return On Assets (0.12) | Return On Equity (3.53) |
The market value of TPI Composites is measured differently than its book value, which is the value of TPI that is recorded on the company's balance sheet. Investors also form their own opinion of TPI Composites' value that differs from its market value or its book value, called intrinsic value, which is TPI Composites' 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 TPI Composites' market value can be influenced by many factors that don't directly affect TPI Composites' 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 TPI Composites' value and its price as these two are different measures arrived at by different means. Investors typically determine if TPI Composites is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TPI Composites' 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.