Torm Net Income vs Income Tax Expense Analysis
TRMD Stock | USD 38.19 0.42 1.11% |
Torm PLC financial indicator trend analysis is much more than just breaking down Torm PLC Class prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Torm PLC Class is a good investment. Please check the relationship between Torm PLC Net Income and its Income Tax Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torm PLC Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Net Income vs Income Tax Expense
Net Income vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Torm PLC Class Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have no relationship.
The correlation between Torm PLC's Net Income and Income Tax Expense is 0.01. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Torm PLC Class, assuming nothing else is changed. The correlation between historical values of Torm PLC's Net Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Torm PLC Class are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., Torm PLC's Net Income and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.01 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Torm PLC Class financial statement analysis. It represents the amount of money remaining after all of Torm PLC Class operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Tax Expense
Most indicators from Torm PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Torm PLC Class 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 Torm PLC Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At present, Torm PLC's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 247.7M | 844.9M | 714.9M | 750.7M | Total Revenue | 619.5M | 1.4B | 1.6B | 811.0M |
Torm PLC fundamental ratios Correlations
Click cells to compare fundamentals
Torm PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Torm PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.0B | 2.3B | 2.6B | 2.9B | 2.0B | |
Short Long Term Debt Total | 855.4M | 842.4M | 1.1B | 966.9M | 1.1B | 1.1B | |
Total Stockholder Equity | 1.0B | 1.0B | 1.1B | 1.5B | 1.7B | 849.4M | |
Net Debt | 782.9M | 752.9M | 963.7M | 646.4M | 763.1M | 989.8M | |
Liabilities And Stockholders Equity | 2.0B | 2.0B | 2.3B | 2.6B | 2.9B | 2.0B | |
Non Current Liabilities Total | 801.3M | 784.5M | 971.6M | 904.1M | 937.6M | 910.8M | |
Total Liab | 996.2M | 981.2M | 1.3B | 1.1B | 1.2B | 1.2B | |
Other Current Liab | 48.8M | 25.6M | 43.7M | 39.9M | 46.4M | 49.4M | |
Total Current Liabilities | 194.9M | 196.7M | 307.2M | 206.4M | 265.2M | 323.8M | |
Current Deferred Revenue | 4K | 53.9M | 19.2M | 885K | 3.4M | 3.5M | |
Accounts Payable | 47.1M | 14.4M | 35.3M | 48.5M | 43.0M | 40.1M | |
Cash | 72.5M | 89.5M | 171.7M | 320.5M | 295.3M | 310.1M | |
Non Current Assets Total | 1.8B | 1.8B | 2.0B | 1.9B | 2.2B | 1.9B | |
Non Currrent Assets Other | 4.6M | 34K | 42K | 4.6M | (57.0K) | (54.1K) | |
Other Assets | 99.6M | 17.0M | 17.3M | 5.1M | 1.0 | 1.05 | |
Cash And Short Term Investments | 72.5M | 89.5M | 171.7M | 320.5M | 295.3M | 310.1M | |
Common Stock Shares Outstanding | 74M | 74.3M | 78.1M | 82.8M | 86.7M | 61.5M | |
Inventory | 34.8M | 22.5M | 48.8M | 72.0M | 61.7M | 34.2M | |
Other Current Assets | (32K) | (81K) | (33K) | 26K | 62.3M | 43.5M | |
Total Current Assets | 215.9M | 243.7M | 363.3M | 739.7M | 690.5M | 725.1M | |
Short Term Debt | 99.0M | 102.9M | 209M | 117.1M | 172.5M | 221.5M | |
Net Receivables | 95.5M | 79M | 124M | 263.3M | 271.2M | 284.8M | |
Other Stockholder Equity | 98.4M | 97.8M | 155.6M | 163.3M | 255.5M | 268.3M | |
Accumulated Other Comprehensive Income | (11.4M) | (20.3M) | (3.4M) | 39.4M | 25.1M | 29.7M | |
Property Plant And Equipment Net | 1.8B | 1.7B | 2.0B | 1.9B | 2.2B | 1.5B | |
Retained Earnings | 920.0M | 939.2M | 899.2M | 1.3B | 1.4B | 850.0M | |
Property Plant And Equipment Gross | 1.8B | 1.7B | 2.5B | 2.4B | 2.7B | 2.2B | |
Common Stock | 747K | 748K | 800K | 823K | 861.1K | 818.0K | |
Net Tangible Assets | 1.0B | 1.0B | 1.1B | 1.5B | 1.7B | 1.0B | |
Long Term Debt | 756.4M | 739.5M | 926.4M | 849.8M | 886.9M | 754.4M | |
Short Long Term Debt | 99.0M | 102.9M | 209M | 117.1M | 172.7M | 112.7M | |
Property Plant Equipment | 1.7B | 1.7B | 1.9B | 1.9B | 2.1B | 1.6B | |
Other Liab | 44.9M | 44.9M | 45.2M | 54.3M | 62.4M | 50.8M | |
Long Term Investments | 1.2M | 1.6M | 1.5M | 273K | 77K | 73.2K |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Torm PLC Class is a strong investment it is important to analyze Torm PLC'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 Torm PLC's future performance. For an informed investment choice regarding Torm 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 Torm PLC Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Torm Stock analysis
When running Torm PLC's price analysis, check to measure Torm PLC'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 Torm PLC is operating at the current time. Most of Torm PLC's value examination focuses on studying past and present price action to predict the probability of Torm PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torm PLC's price. Additionally, you may evaluate how the addition of Torm PLC to your portfolios can decrease your overall portfolio volatility.
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |
Is Torm PLC'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 Torm PLC. If investors know Torm 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 Torm PLC 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 0.256 | Dividend Share 5.82 | Earnings Share 7.94 | Revenue Per Share 18.397 | Quarterly Revenue Growth 0.138 |
The market value of Torm PLC Class is measured differently than its book value, which is the value of Torm that is recorded on the company's balance sheet. Investors also form their own opinion of Torm PLC's value that differs from its market value or its book value, called intrinsic value, which is Torm PLC'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 Torm PLC's market value can be influenced by many factors that don't directly affect Torm PLC'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 Torm PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Torm PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Torm PLC'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.