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 Income Before Tax and its Selling And Marketing Expenses 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.
Income Before Tax vs Selling And Marketing Expenses
Income Before Tax vs Selling And Marketing Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Thor Industries Income Before Tax account and
Selling And Marketing Expenses. At this time, the significance of the direction appears to have weak relationship.
The correlation between Thor Industries' Income Before Tax and Selling And Marketing Expenses is 0.38. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Selling And Marketing Expenses 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' Income Before Tax and Selling And Marketing Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Thor Industries are associated (or correlated) with its Selling And Marketing Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling And Marketing Expenses has no effect on the direction of Income Before Tax i.e., Thor Industries' Income Before Tax and Selling And Marketing Expenses go up and down completely randomly.
Correlation Coefficient | 0.38 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Thor Industries income statement and is an important metric when analyzing Thor Industries profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Selling And Marketing Expenses
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
Thor Industries fundamental ratios Correlations
Click cells to compare fundamentals
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
When running Thor Industries' price analysis, check to
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.