Trane Historical Income Statement
TT Stock | USD 330.91 2.27 0.69% |
Historical analysis of Trane Technologies income statement accounts such as Operating Income of 3 B, Ebit of 3 B or EBITDA of 3.3 B can show how well Trane Technologies plc performed in making a profits. Evaluating Trane Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Trane Technologies's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Trane Technologies plc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Trane Technologies plc is a good buy for the upcoming year.
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About Trane Income Statement Analysis
Trane Technologies plc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Trane Technologies shareholders. The income statement also shows Trane investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Trane Technologies Income Statement Chart
Trane Technologies plc Income Statement is one of the three primary financial statements used for reporting Trane's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Trane Technologies plc revenue and expense. Trane Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Trane Technologies' Operating Income is comparatively stable compared to the past year. EBIT is likely to gain to about 3 B in 2024, whereas Gross Profit is likely to drop slightly above 3.1 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Trane Technologies plc 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.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Trane Technologies plc minus its cost of goods sold. It is profit before Trane Technologies 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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Trane Technologies plc. It is also known as Trane Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Trane Technologies plc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Trane Technologies plc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Trane Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Trane Technologies plc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 Trane Technologies plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Trane Technologies' Operating Income is comparatively stable compared to the past year. EBIT is likely to gain to about 3 B in 2024, whereas Gross Profit is likely to drop slightly above 3.1 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 14.1B | 16.0B | 17.7B | 10.6B | Depreciation And Amortization | 300.5M | 300.3M | 348.1M | 272.6M |
Trane Technologies income statement Correlations
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Trane Technologies Account Relationship Matchups
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Trane Technologies income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 364.4M | 298.4M | 300.5M | 300.3M | 348.1M | 272.6M | |
Total Revenue | 16.6B | 12.5B | 14.1B | 16.0B | 17.7B | 10.6B | |
Gross Profit | 5.1B | 3.8B | 4.5B | 5.0B | 5.9B | 3.1B | |
Other Operating Expenses | 14.6B | 10.9B | 12.1B | 13.6B | 14.8B | 9.5B | |
Operating Income | 2.0B | 1.5B | 2.0B | 2.4B | 2.9B | 3.0B | |
Ebit | 2.0B | 1.5B | 2.0B | 2.4B | 2.8B | 3.0B | |
Ebitda | 2.4B | 1.8B | 2.3B | 2.7B | 3.2B | 3.3B | |
Cost Of Revenue | 11.5B | 8.7B | 9.7B | 11.0B | 11.8B | 7.5B | |
Total Operating Expenses | 3.1B | 2.3B | 2.4B | 2.5B | 3.0B | 2.0B | |
Income Before Tax | 1.7B | 1.3B | 1.8B | 2.2B | 2.6B | 2.7B | |
Total Other Income Expense Net | (276M) | (244.6M) | (232.6M) | (246.8M) | (107.6M) | (113.0M) | |
Net Income | 1.4B | 854.9M | 1.4B | 1.8B | 2.0B | 2.1B | |
Income Tax Expense | 353.7M | 296.8M | 333.5M | 375.9M | 498.4M | 523.3M | |
Interest Expense | 243M | 248.7M | 233.7M | 223.5M | 234.5M | 184.4M | |
Selling And Marketing Expenses | 2.7B | 2.9B | 3.1B | 2.3B | 2.6B | 2.9B | |
Selling General Administrative | 6.2B | 2.3B | 2.4B | 2.5B | 3.0B | 3.7B | |
Research Development | 174.2M | 165M | 193.5M | 211.2M | 252.3M | 172.4M | |
Tax Provision | 353.7M | 296.8M | 333.5M | 375.9M | 498.4M | 375.5M | |
Interest Income | 258.6M | 268.4M | 233.7M | 223.5M | 15.4M | 14.6M | |
Extraordinary Items | 40.6M | (122.3M) | (20.6M) | (21.5M) | (19.4M) | (20.3M) | |
Net Income Applicable To Common Shares | 1.4B | 854.9M | 1.4B | 1.8B | 2.0B | 1.4B | |
Net Interest Income | (239.9M) | (248.7M) | (233.7M) | (223.5M) | (219.1M) | (230.1M) | |
Discontinued Operations | 265.8M | (122.3M) | (20.6M) | (21.5M) | (19.4M) | (18.4M) | |
Net Income From Continuing Ops | 1.4B | 991.4M | 1.5B | 1.8B | 2.1B | 1.6B | |
Minority Interest | 44.8M | 19.4M | (13.2M) | (18.2M) | (17.8M) | (16.9M) | |
Reconciled Depreciation | 397.4M | 294.3M | 299.4M | 323.6M | 348.1M | 271.7M |
Pair Trading with Trane Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trane Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trane Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Trane Stock
0.9 | OC | Owens Corning | PairCorr |
0.94 | DOOR | Masonite International | PairCorr |
0.68 | VKSC | Viskase Companies | PairCorr |
Moving against Trane Stock
0.72 | JBI | Janus International | PairCorr |
0.56 | FBIN | Fortune Brands Innov | PairCorr |
0.49 | MAS | Masco | PairCorr |
The ability to find closely correlated positions to Trane Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trane Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trane Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trane Technologies plc to buy it.
The correlation of Trane Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trane Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trane Technologies plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Trane Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trane Technologies plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Trane Stock analysis
When running Trane Technologies' price analysis, check to measure Trane Technologies' 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 Trane Technologies is operating at the current time. Most of Trane Technologies' value examination focuses on studying past and present price action to predict the probability of Trane Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trane Technologies' price. Additionally, you may evaluate how the addition of Trane Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Trane Technologies' 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 Trane Technologies. If investors know Trane 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 Trane Technologies 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 0.43 | Dividend Share 3.09 | Earnings Share 9.46 | Revenue Per Share 79.9 | Quarterly Revenue Growth 0.15 |
The market value of Trane Technologies plc is measured differently than its book value, which is the value of Trane that is recorded on the company's balance sheet. Investors also form their own opinion of Trane Technologies' value that differs from its market value or its book value, called intrinsic value, which is Trane Technologies' 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 Trane Technologies' market value can be influenced by many factors that don't directly affect Trane Technologies' 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 Trane Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Trane Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trane Technologies' 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.