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 Depreciation And Amortization and its Gross Profit 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.
Depreciation And Amortization vs Gross Profit
Depreciation And Amortization vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thor Industries Depreciation And Amortization account and
Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Thor Industries' Depreciation And Amortization and Gross Profit is 0.87. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Gross Profit 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' Depreciation And Amortization and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Thor Industries are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Depreciation And Amortization i.e., Thor Industries' Depreciation And Amortization and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.87 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Thor Industries minus its cost of goods sold. It is profit before Thor Industries 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.
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 |
Thor Industries fundamental ratios Correlations
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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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measure Thor Industries' 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 Thor Industries is operating at the current time. Most of Thor Industries' value examination focuses on studying past and present price action to
predict the probability of Thor Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Industries' price. Additionally, you may evaluate how the addition of Thor Industries to your portfolios can decrease your overall portfolio volatility.