Thor Change In Working Capital vs Stock Based Compensation Analysis

0LF8 Stock

95.56 0.48 0.50%

Thor Industries financial indicator trend analysis is much more than just breaking down Thor Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Industries is a good investment. Please check the relationship between Thor Industries Change In Working Capital and its Stock Based Compensation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Thor Stock please use our How to Invest in Thor Industries guide.

Change In Working Capital vs Stock Based Compensation

Change In Working Capital vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Industries Change In Working Capital account and Stock Based Compensation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Thor Industries' Change In Working Capital and Stock Based Compensation is -0.07. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Thor Industries, assuming nothing else is changed. The correlation between historical values of Thor Industries' Change In Working Capital and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of Thor Industries are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Change In Working Capital i.e., Thor Industries' Change In Working Capital and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Most indicators from Thor Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Industries 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Thor Stock please use our How to Invest in Thor Industries guide.Selling General Administrative is likely to drop to about 580.6 M in 2024. Tax Provision is likely to drop to about 103.4 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	16.3B	11.1B	10.0B	10.5B
Depreciation And Amortization	284.5M	276.9M	277.1M	291.0M

Total Revenue Depreciation And Amortization

Thor Industries fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Short Term Debt	Accounts Payable	Non Currrent Assets Other	Common Stock	Short Term Investments	Good Will
Total Assets		0.99	0.99	0.96	0.99	0.86	0.94	0.86	1.0	0.86	0.93	0.68	0.92	0.96	0.08	0.3	0.96	0.99	0.97	0.81	0.89	0.97	0.05	0.48	0.29	0.99
Other Current Liab	0.99		0.99	0.93	0.98	0.87	0.9	0.88	0.99	0.88	0.94	0.68	0.92	0.92	0.05	0.32	0.97	0.97	0.98	0.81	0.84	0.95	-0.01	0.52	0.33	0.96
Total Current Liabilities	0.99	0.99		0.92	0.98	0.88	0.9	0.87	0.99	0.87	0.96	0.68	0.93	0.94	0.03	0.37	0.98	0.98	0.98	0.84	0.84	0.98	0.05	0.51	0.32	0.96
Total Stockholder Equity	0.96	0.93	0.92		0.96	0.69	1.0	0.82	0.95	0.82	0.83	0.67	0.77	0.96	0.12	0.04	0.85	0.96	0.88	0.62	0.86	0.88	0.02	0.49	0.29	0.94
Property Plant And Equipment Net	0.99	0.98	0.98	0.96		0.84	0.94	0.88	1.0	0.88	0.9	0.65	0.91	0.94	0.07	0.29	0.95	0.97	0.96	0.78	0.91	0.94	0.02	0.44	0.25	0.99
Net Debt	0.86	0.87	0.88	0.69	0.84		0.65	0.69	0.87	0.69	0.86	0.47	0.99	0.79	-0.02	0.63	0.96	0.83	0.92	0.95	0.78	0.88	0.1	0.28	0.14	0.88
Retained Earnings	0.94	0.9	0.9	1.0	0.94	0.65		0.78	0.93	0.78	0.81	0.66	0.73	0.95	0.13	-0.03	0.81	0.94	0.85	0.58	0.84	0.86	0.03	0.48	0.29	0.92
Cash	0.86	0.88	0.87	0.82	0.88	0.69	0.78		0.87	1.0	0.82	0.78	0.8	0.72	0.22	0.35	0.84	0.84	0.81	0.73	0.74	0.81	0.04	0.61	0.43	0.85
Non Current Assets Total	1.0	0.99	0.99	0.95	1.0	0.87	0.93	0.87		0.87	0.92	0.65	0.93	0.95	0.06	0.31	0.97	0.98	0.97	0.81	0.9	0.95	0.05	0.45	0.25	0.99
Cash And Short Term Investments	0.86	0.88	0.87	0.82	0.88	0.69	0.78	1.0	0.87		0.82	0.78	0.8	0.72	0.22	0.35	0.84	0.84	0.81	0.73	0.74	0.81	0.04	0.61	0.43	0.85
Net Receivables	0.93	0.94	0.96	0.83	0.9	0.86	0.81	0.82	0.92	0.82		0.74	0.91	0.87	-0.01	0.42	0.95	0.94	0.95	0.83	0.72	0.97	0.02	0.59	0.41	0.88
Common Stock Shares Outstanding	0.68	0.68	0.68	0.67	0.65	0.47	0.66	0.78	0.65	0.78	0.74		0.58	0.6	0.31	0.06	0.63	0.71	0.63	0.53	0.41	0.67	0.09	0.83	0.61	0.62
Non Current Liabilities Total	0.92	0.92	0.93	0.77	0.91	0.99	0.73	0.8	0.93	0.8	0.91	0.58		0.83	0.04	0.59	0.99	0.89	0.95	0.95	0.82	0.92	0.09	0.38	0.21	0.93
Inventory	0.96	0.92	0.94	0.96	0.94	0.79	0.95	0.72	0.95	0.72	0.87	0.6	0.83		0.05	0.16	0.89	0.97	0.91	0.72	0.85	0.94	0.05	0.42	0.24	0.94
Other Current Assets	0.08	0.05	0.03	0.12	0.07	-0.02	0.13	0.22	0.06	0.22	-0.01	0.31	0.04	0.05		-0.13	0.04	0.11	-0.04	0.11	0.1	0.0	0.26	0.29	0.24	0.11
Other Stockholder Equity	0.3	0.32	0.37	0.04	0.29	0.63	-0.03	0.35	0.31	0.35	0.42	0.06	0.59	0.16	-0.13		0.51	0.27	0.38	0.66	0.32	0.42	0.01	-0.09	-0.12	0.34
Total Liab	0.96	0.97	0.98	0.85	0.95	0.96	0.81	0.84	0.97	0.84	0.95	0.63	0.99	0.89	0.04	0.51		0.95	0.98	0.92	0.84	0.97	0.08	0.44	0.26	0.96
Total Current Assets	0.99	0.97	0.98	0.96	0.97	0.83	0.94	0.84	0.98	0.84	0.94	0.71	0.89	0.97	0.11	0.27	0.95		0.95	0.79	0.84	0.98	0.06	0.53	0.34	0.97
Intangible Assets	0.97	0.98	0.98	0.88	0.96	0.92	0.85	0.81	0.97	0.81	0.95	0.63	0.95	0.91	-0.04	0.38	0.98	0.95		0.86	0.81	0.96	0.04	0.48	0.3	0.94
Short Long Term Debt Total	0.81	0.81	0.84	0.62	0.78	0.95	0.58	0.73	0.81	0.73	0.83	0.53	0.95	0.72	0.11	0.66	0.92	0.79	0.86		0.68	0.84	0.13	0.43	0.34	0.82
Short Term Debt	0.89	0.84	0.84	0.86	0.91	0.78	0.84	0.74	0.9	0.74	0.72	0.41	0.82	0.85	0.1	0.32	0.84	0.84	0.81	0.68		0.81	0.11	0.09	-0.09	0.94
Accounts Payable	0.97	0.95	0.98	0.88	0.94	0.88	0.86	0.81	0.95	0.81	0.97	0.67	0.92	0.94	0.0	0.42	0.97	0.98	0.96	0.84	0.81		0.08	0.49	0.31	0.94
Non Currrent Assets Other	0.05	-0.01	0.05	0.02	0.02	0.1	0.03	0.04	0.05	0.04	0.02	0.09	0.09	0.05	0.26	0.01	0.08	0.06	0.04	0.13	0.11	0.08		0.04	0.02	0.1
Common Stock	0.48	0.52	0.51	0.49	0.44	0.28	0.48	0.61	0.45	0.61	0.59	0.83	0.38	0.42	0.29	-0.09	0.44	0.53	0.48	0.43	0.09	0.49	0.04		0.94	0.38
Short Term Investments	0.29	0.33	0.32	0.29	0.25	0.14	0.29	0.43	0.25	0.43	0.41	0.61	0.21	0.24	0.24	-0.12	0.26	0.34	0.3	0.34	-0.09	0.31	0.02	0.94		0.18
Good Will	0.99	0.96	0.96	0.94	0.99	0.88	0.92	0.85	0.99	0.85	0.88	0.62	0.93	0.94	0.11	0.34	0.96	0.97	0.94	0.82	0.94	0.94	0.1	0.38	0.18

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Thor Industries Account Relationship Matchups

Thor Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8B	6.7B	7.4B	7.3B	7.0B	7.4B
Other Current Liab	775.2M	771.5M	852.3M	856.2M	831.3M	872.8M
Total Current Liabilities	1.5B	1.8B	1.8B	1.7B	1.6B	1.6B
Total Stockholder Equity	2.3B	2.9B	3.6B	4.0B	4.1B	4.3B
Property Plant And Equipment Net	1.1B	1.2B	1.3B	1.4B	1.4B	1.5B
Net Debt	1.1B	1.1B	1.4B	861.4M	632.6M	664.2M
Retained Earnings	2.2B	2.8B	3.8B	4.1B	4.3B	4.5B
Cash	541.4M	445.9M	311.7M	441.2M	501.3M	526.4M
Non Current Assets Total	3.7B	3.9B	4.3B	4.5B	4.4B	4.6B
Cash And Short Term Investments	541.4M	445.9M	311.7M	441.2M	501.3M	526.4M
Net Receivables	814.2M	949.9M	944.2M	643.2M	700.9M	735.9M
Common Stock Shares Outstanding	55.4M	55.7M	55.3M	53.9M	53.7M	57.6M
Liabilities And Stockholders Equity	5.8B	6.7B	7.4B	7.3B	7.0B	7.4B
Non Current Liabilities Total	1.9B	1.9B	2.1B	1.6B	1.4B	1.4B
Inventory	716.3M	1.4B	1.8B	1.7B	1.4B	1.4B
Other Current Assets	33.2M	38.4M	52.0M	56.1M	81.2M	85.2M
Other Stockholder Equity	84.9M	100.3M	(45.4M)	(53.6M)	(100.3M)	(95.3M)
Total Liab	3.4B	3.7B	3.8B	3.3B	2.9B	3.1B
Total Current Assets	2.1B	2.8B	3.1B	2.8B	2.7B	2.8B
Intangible Assets	914.7M	937.2M	1.1B	997.0M	861.1M	904.2M
Short Long Term Debt Total	1.7B	1.6B	1.8B	1.3B	1.1B	640.6M
Short Term Debt	19.7M	22.4M	23.8M	23.4M	32.7M	34.3M
Accounts Payable	636.5M	915.0M	822.4M	736.3M	628.1M	659.5M
Non Currrent Assets Other	91.5M	123.8M	157.9M	149.4M	166.3M	174.6M
Accumulated Other Comprehensive Income	27.0M	44.6M	(181.6M)	(68.5M)	(93.7M)	(89.0M)
Common Stock	6.5M	6.6M	6.6M	6.6M	6.7M	5.9M
Good Will	1.5B	1.6B	1.8B	1.8B	1.8B	1.9B
Other Assets	170.3M	1.0	155.0M	155.1M	178.4M	102.4M
Current Deferred Revenue	829.0M	841.6M	57.4M	56.1M	81.2M	77.1M
Other Liab	224.6M	277.8M	259.0M	230.1M	264.7M	211.3M
Net Tangible Assets	(71.5M)	421.4M	671.2M	1.2B	1.4B	1.4B
Capital Surpluse	252.2M	416.4M	436.8M	460.5M	529.6M	396.3M
Deferred Long Term Liab	9.8M	7.0M	5.9M	2.7M	2.4M	2.3M
Treasury Stock	(343.7M)	(348.1M)	(351.9M)	(360.2M)	(324.2M)	(340.4M)
Property Plant Equipment	1.1B	1.2B	1.3B	1.4B	1.6B	1.1B

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Thor Change In Working Capital vs Stock Based Compensation Analysis

Change In Working Capital vs Stock Based Compensation

Change In Working Capital vs Stock Based Compensation Correlation Analysis

Correlation Coefficient

Change In Working Capital

Stock Based Compensation

Thor Industries fundamental ratios Correlations

Thor Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thor Industries fundamental ratios Accounts

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Additional Tools for Thor Stock Analysis

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Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Other Current Liab	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Total Assets

Other Stockholder Equity	- 0.13	Other Current Assets
Short Term Investments	- 0.12	Other Stockholder Equity
Short Term Investments	- 0.09	Short Term Debt
Common Stock	- 0.09	Other Stockholder Equity
Intangible Assets	- 0.04	Other Current Assets
Other Stockholder Equity	- 0.03	Retained Earnings