Thor Net Income vs Extraordinary Items 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 Net Income and its Extraordinary Items 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.

Net Income vs Extraordinary Items

Net Income vs Extraordinary Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Industries Net Income account and Extraordinary Items. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Thor Industries' Net Income and Extraordinary Items is -0.12. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Extraordinary Items 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' Net Income and Extraordinary Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Thor Industries are associated (or correlated) with its Extraordinary Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Extraordinary Items has no effect on the direction of Net Income i.e., Thor Industries' Net Income and Extraordinary Items go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Thor Industries financial statement analysis. It represents the amount of money remaining after all of Thor Industries operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Extraordinary Items

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 Revenue16.3B11.1B10.0B10.5B
Depreciation And Amortization284.5M276.9M277.1M291.0M

Thor Industries fundamental ratios Correlations

0.990.990.960.990.860.940.861.00.860.930.680.920.960.080.30.960.990.970.810.890.970.050.480.290.99
0.990.990.930.980.870.90.880.990.880.940.680.920.920.050.320.970.970.980.810.840.95-0.010.520.330.96
0.990.990.920.980.880.90.870.990.870.960.680.930.940.030.370.980.980.980.840.840.980.050.510.320.96
0.960.930.920.960.691.00.820.950.820.830.670.770.960.120.040.850.960.880.620.860.880.020.490.290.94
0.990.980.980.960.840.940.881.00.880.90.650.910.940.070.290.950.970.960.780.910.940.020.440.250.99
0.860.870.880.690.840.650.690.870.690.860.470.990.79-0.020.630.960.830.920.950.780.880.10.280.140.88
0.940.90.91.00.940.650.780.930.780.810.660.730.950.13-0.030.810.940.850.580.840.860.030.480.290.92
0.860.880.870.820.880.690.780.871.00.820.780.80.720.220.350.840.840.810.730.740.810.040.610.430.85
1.00.990.990.951.00.870.930.870.870.920.650.930.950.060.310.970.980.970.810.90.950.050.450.250.99
0.860.880.870.820.880.690.781.00.870.820.780.80.720.220.350.840.840.810.730.740.810.040.610.430.85
0.930.940.960.830.90.860.810.820.920.820.740.910.87-0.010.420.950.940.950.830.720.970.020.590.410.88
0.680.680.680.670.650.470.660.780.650.780.740.580.60.310.060.630.710.630.530.410.670.090.830.610.62
0.920.920.930.770.910.990.730.80.930.80.910.580.830.040.590.990.890.950.950.820.920.090.380.210.93
0.960.920.940.960.940.790.950.720.950.720.870.60.830.050.160.890.970.910.720.850.940.050.420.240.94
0.080.050.030.120.07-0.020.130.220.060.22-0.010.310.040.05-0.130.040.11-0.040.110.10.00.260.290.240.11
0.30.320.370.040.290.63-0.030.350.310.350.420.060.590.16-0.130.510.270.380.660.320.420.01-0.09-0.120.34
0.960.970.980.850.950.960.810.840.970.840.950.630.990.890.040.510.950.980.920.840.970.080.440.260.96
0.990.970.980.960.970.830.940.840.980.840.940.710.890.970.110.270.950.950.790.840.980.060.530.340.97
0.970.980.980.880.960.920.850.810.970.810.950.630.950.91-0.040.380.980.950.860.810.960.040.480.30.94
0.810.810.840.620.780.950.580.730.810.730.830.530.950.720.110.660.920.790.860.680.840.130.430.340.82
0.890.840.840.860.910.780.840.740.90.740.720.410.820.850.10.320.840.840.810.680.810.110.09-0.090.94
0.970.950.980.880.940.880.860.810.950.810.970.670.920.940.00.420.970.980.960.840.810.080.490.310.94
0.05-0.010.050.020.020.10.030.040.050.040.020.090.090.050.260.010.080.060.040.130.110.080.040.020.1
0.480.520.510.490.440.280.480.610.450.610.590.830.380.420.29-0.090.440.530.480.430.090.490.040.940.38
0.290.330.320.290.250.140.290.430.250.430.410.610.210.240.24-0.120.260.340.30.34-0.090.310.020.940.18
0.990.960.960.940.990.880.920.850.990.850.880.620.930.940.110.340.960.970.940.820.940.940.10.380.18
Click cells to compare fundamentals

Thor Industries Account Relationship Matchups

Thor Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.8B6.7B7.4B7.3B7.0B7.4B
Other Current Liab775.2M771.5M852.3M856.2M831.3M872.8M
Total Current Liabilities1.5B1.8B1.8B1.7B1.6B1.6B
Total Stockholder Equity2.3B2.9B3.6B4.0B4.1B4.3B
Property Plant And Equipment Net1.1B1.2B1.3B1.4B1.4B1.5B
Net Debt1.1B1.1B1.4B861.4M632.6M664.2M
Retained Earnings2.2B2.8B3.8B4.1B4.3B4.5B
Cash541.4M445.9M311.7M441.2M501.3M526.4M
Non Current Assets Total3.7B3.9B4.3B4.5B4.4B4.6B
Cash And Short Term Investments541.4M445.9M311.7M441.2M501.3M526.4M
Net Receivables814.2M949.9M944.2M643.2M700.9M735.9M
Common Stock Shares Outstanding55.4M55.7M55.3M53.9M53.7M57.6M
Liabilities And Stockholders Equity5.8B6.7B7.4B7.3B7.0B7.4B
Non Current Liabilities Total1.9B1.9B2.1B1.6B1.4B1.4B
Inventory716.3M1.4B1.8B1.7B1.4B1.4B
Other Current Assets33.2M38.4M52.0M56.1M81.2M85.2M
Other Stockholder Equity84.9M100.3M(45.4M)(53.6M)(100.3M)(95.3M)
Total Liab3.4B3.7B3.8B3.3B2.9B3.1B
Total Current Assets2.1B2.8B3.1B2.8B2.7B2.8B
Intangible Assets914.7M937.2M1.1B997.0M861.1M904.2M
Short Long Term Debt Total1.7B1.6B1.8B1.3B1.1B640.6M
Short Term Debt19.7M22.4M23.8M23.4M32.7M34.3M
Accounts Payable636.5M915.0M822.4M736.3M628.1M659.5M
Non Currrent Assets Other91.5M123.8M157.9M149.4M166.3M174.6M
Accumulated Other Comprehensive Income27.0M44.6M(181.6M)(68.5M)(93.7M)(89.0M)
Common Stock6.5M6.6M6.6M6.6M6.7M5.9M
Good Will1.5B1.6B1.8B1.8B1.8B1.9B
Other Assets170.3M1.0155.0M155.1M178.4M102.4M
Current Deferred Revenue829.0M841.6M57.4M56.1M81.2M77.1M
Other Liab224.6M277.8M259.0M230.1M264.7M211.3M
Net Tangible Assets(71.5M)421.4M671.2M1.2B1.4B1.4B
Capital Surpluse252.2M416.4M436.8M460.5M529.6M396.3M
Deferred Long Term Liab9.8M7.0M5.9M2.7M2.4M2.3M
Treasury Stock(343.7M)(348.1M)(351.9M)(360.2M)(324.2M)(340.4M)
Property Plant Equipment1.1B1.2B1.3B1.4B1.6B1.1B

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