Toromont Net Income Applicable To Common Shares from 2010 to 2026
| TIH Stock | CAD 206.52 1.59 0.78% |
Net Income Applicable To Common Shares | First Reported 2016-12-31 | Previous Quarter 140.6 M | Current Value 157.2 M | Quarterly Volatility 39.7 M |
Check Toromont Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Toromont Industries' main balance sheet or income statement drivers, such as Depreciation And Amortization of 234.1 M, Interest Expense of 37.2 M or Selling General Administrative of 645 M, as well as many indicators such as Price To Sales Ratio of 2.72, Dividend Yield of 0.0117 or PTB Ratio of 4.31. Toromont financial statements analysis is a perfect complement when working with Toromont Industries Valuation or Volatility modules.
Toromont | Net Income Applicable To Common Shares |
Evaluating Toromont Industries's Net Income Applicable To Common Shares across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Toromont Industries's fundamental strength.
Latest Toromont Industries' Net Income Applicable To Common Shares Growth Pattern
Below is the plot of the Net Income Applicable To Common Shares of Toromont Industries over the last few years. It is the net income that remains after preferred dividends have been deducted, available to common shareholders. Toromont Industries' Net Income Applicable To Common Shares historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Toromont Industries' overall financial position and show how it may be relating to other accounts over time.
| Net Income Applicable To Common Shares | 10 Years Trend |
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Net Income Applicable To Common Shares |
| Timeline |
Toromont Net Income Applicable To Common Shares Regression Statistics
| Arithmetic Mean | 267,474,481 | |
| Geometric Mean | 230,714,529 | |
| Coefficient Of Variation | 56.20 | |
| Mean Deviation | 125,310,801 | |
| Median | 251,984,000 | |
| Standard Deviation | 150,320,339 | |
| Sample Variance | 22596.2T | |
| Range | 411.7M | |
| R-Value | 0.89 | |
| Mean Square Error | 5213.6T | |
| R-Squared | 0.78 | |
| Slope | 26,352,415 | |
| Total Sum of Squares | 361539.3T |
Toromont Net Income Applicable To Common Shares History
About Toromont Industries Financial Statements
Toromont Industries investors utilize fundamental indicators, such as Net Income Applicable To Common Shares, to predict how Toromont Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 496.6 M | 325.9 M |
Pair Trading with Toromont Industries
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 Toromont Industries 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 Toromont Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Toromont Stock
Moving against Toromont Stock
The ability to find closely correlated positions to Toromont Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toromont Industries 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 Toromont Industries - 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 Toromont Industries to buy it.
The correlation of Toromont Industries 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 Toromont Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toromont Industries 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 Toromont Industries 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.Other Information on Investing in Toromont Stock
Toromont Industries financial ratios help investors to determine whether Toromont Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Toromont with respect to the benefits of owning Toromont Industries security.