Tanger Income Quality vs Payout Ratio Analysis

SKT Stock

USD 37.10 0.23 0.62%

Tanger Factory financial indicator trend analysis is much more than just breaking down Tanger Factory Outlet prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tanger Factory Outlet is a good investment. Please check the relationship between Tanger Factory Income Quality and its Payout Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tanger Factory Outlet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Income Quality vs Payout Ratio

Income Quality vs Payout Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tanger Factory Outlet Income Quality account and Payout Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Tanger Factory's Income Quality and Payout Ratio is -0.18. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Tanger Factory Outlet, assuming nothing else is changed. The correlation between historical values of Tanger Factory's Income Quality and Payout Ratio 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 Quality of Tanger Factory Outlet are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Income Quality i.e., Tanger Factory's Income Quality and Payout Ratio go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

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Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Payout Ratio

Payout Ratio is the proportion of Tanger Factory Outlet earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Tanger Factory Outlet dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Tanger Factory Outlet is paying out more in dividends than it makes in net income.

Most indicators from Tanger Factory's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tanger Factory Outlet 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tanger Factory Outlet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

At this time, Tanger Factory's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.17 in 2024, whereas Enterprise Value Multiple is likely to drop 10.82 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	285.8M	298.7M	318.9M	208.6M
Total Revenue	426.5M	442.6M	464.4M	289.5M

Gross Profit Total Revenue

Tanger Factory fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Total Current Assets	Common Stock	Short Term Debt	Accounts Payable	Long Term Debt	Inventory	Short Term Investments
Total Assets		0.76	0.83	-0.2	0.98	-0.35	0.31	0.03	0.92	0.97	0.65	0.99	-0.2	-0.55	0.44	0.18	0.99	0.17	0.92	0.51	0.91	0.21	0.8	0.98	-0.04	0.1
Short Long Term Debt Total	0.76		0.34	-0.27	0.75	-0.55	-0.3	0.19	0.7	0.87	0.87	0.83	-0.27	-0.78	0.06	0.57	0.7	0.55	0.64	0.75	0.69	0.76	0.73	0.77	-0.24	0.08
Total Stockholder Equity	0.83	0.34		-0.05	0.77	-0.08	0.55	0.03	0.8	0.69	0.37	0.74	-0.05	-0.2	0.5	-0.03	0.85	-0.01	0.83	0.26	0.81	-0.18	0.58	0.75	0.02	0.15
Property Plant And Equipment Net	-0.2	-0.27	-0.05		-0.22	0.1	-0.22	-0.05	-0.1	-0.22	-0.17	-0.25	1.0	0.27	-0.32	-0.16	-0.17	-0.15	-0.02	-0.35	-0.05	0.06	-0.31	-0.27	-0.03	-0.13
Net Debt	0.98	0.75	0.77	-0.22		-0.3	0.34	-0.05	0.86	0.96	0.57	0.98	-0.22	-0.56	0.47	0.06	0.99	0.05	0.88	0.43	0.86	0.19	0.75	0.99	0.01	0.04
Retained Earnings	-0.35	-0.55	-0.08	0.1	-0.3		0.22	-0.27	-0.58	-0.45	-0.77	-0.4	0.1	0.15	0.17	-0.6	-0.3	-0.6	-0.44	-0.36	-0.54	-0.47	-0.6	-0.3	0.23	0.02
Non Currrent Assets Other	0.31	-0.3	0.55	-0.22	0.34	0.22		-0.29	0.19	0.13	-0.39	0.23	-0.22	0.24	0.67	-0.59	0.39	-0.56	0.24	-0.35	0.18	-0.84	0.12	0.34	0.24	0.05
Other Assets	0.03	0.19	0.03	-0.05	-0.05	-0.27	-0.29		0.13	0.05	0.38	0.03	-0.05	-0.14	-0.14	0.45	-0.04	0.36	0.05	0.43	0.14	0.29	0.11	-0.02	-0.03	-0.06
Common Stock Shares Outstanding	0.92	0.7	0.8	-0.1	0.86	-0.58	0.19	0.13		0.88	0.78	0.89	-0.1	-0.36	0.32	0.33	0.88	0.33	0.97	0.52	1.0	0.28	0.77	0.84	-0.07	0.08
Non Current Liabilities Total	0.97	0.87	0.69	-0.22	0.96	-0.45	0.13	0.05	0.88		0.75	0.99	-0.22	-0.65	0.26	0.29	0.95	0.28	0.87	0.55	0.88	0.39	0.82	0.96	-0.09	0.02
Other Stockholder Equity	0.65	0.87	0.37	-0.17	0.57	-0.77	-0.39	0.38	0.78	0.75		0.69	-0.17	-0.55	-0.1	0.78	0.57	0.76	0.67	0.75	0.76	0.74	0.76	0.58	-0.28	0.08
Total Liab	0.99	0.83	0.74	-0.25	0.98	-0.4	0.23	0.03	0.89	0.99	0.69		-0.25	-0.62	0.41	0.23	0.97	0.22	0.89	0.55	0.89	0.31	0.82	0.98	-0.05	0.08
Property Plant And Equipment Gross	-0.2	-0.27	-0.05	1.0	-0.22	0.1	-0.22	-0.05	-0.1	-0.22	-0.17	-0.25		0.27	-0.32	-0.16	-0.17	-0.15	-0.02	-0.35	-0.05	0.06	-0.31	-0.27	-0.03	-0.13
Other Current Liab	-0.55	-0.78	-0.2	0.27	-0.56	0.15	0.24	-0.14	-0.36	-0.65	-0.55	-0.62	0.27		-0.05	-0.43	-0.53	-0.41	-0.31	-0.51	-0.34	-0.59	-0.45	-0.62	0.33	0.2
Total Current Liabilities	0.44	0.06	0.5	-0.32	0.47	0.17	0.67	-0.14	0.32	0.26	-0.1	0.41	-0.32	-0.05		-0.26	0.46	-0.25	0.35	0.16	0.31	-0.39	0.3	0.49	0.15	0.37
Cash	0.18	0.57	-0.03	-0.16	0.06	-0.6	-0.59	0.45	0.33	0.29	0.78	0.23	-0.16	-0.43	-0.26		0.07	0.99	0.16	0.77	0.3	0.7	0.44	0.13	-0.34	0.21
Non Current Assets Total	0.99	0.7	0.85	-0.17	0.99	-0.3	0.39	-0.04	0.88	0.95	0.57	0.97	-0.17	-0.53	0.46	0.07		0.07	0.9	0.39	0.88	0.13	0.76	0.98	-0.03	0.04
Cash And Short Term Investments	0.17	0.55	-0.01	-0.15	0.05	-0.6	-0.56	0.36	0.33	0.28	0.76	0.22	-0.15	-0.41	-0.25	0.99	0.07		0.16	0.74	0.29	0.67	0.45	0.13	-0.36	0.24
Common Stock Total Equity	0.92	0.64	0.83	-0.02	0.88	-0.44	0.24	0.05	0.97	0.87	0.67	0.89	-0.02	-0.31	0.35	0.16	0.9	0.16		0.43	0.99	0.21	0.7	0.84	0.02	0.04
Total Current Assets	0.51	0.75	0.26	-0.35	0.43	-0.36	-0.35	0.43	0.52	0.55	0.75	0.55	-0.35	-0.51	0.16	0.77	0.39	0.74	0.43		0.51	0.63	0.56	0.49	-0.1	0.45
Common Stock	0.91	0.69	0.81	-0.05	0.86	-0.54	0.18	0.14	1.0	0.88	0.76	0.89	-0.05	-0.34	0.31	0.3	0.88	0.29	0.99	0.51		0.28	0.75	0.83	-0.04	0.06
Short Term Debt	0.21	0.76	-0.18	0.06	0.19	-0.47	-0.84	0.29	0.28	0.39	0.74	0.31	0.06	-0.59	-0.39	0.7	0.13	0.67	0.21	0.63	0.28		0.31	0.21	-0.31	0.0
Accounts Payable	0.8	0.73	0.58	-0.31	0.75	-0.6	0.12	0.11	0.77	0.82	0.76	0.82	-0.31	-0.45	0.3	0.44	0.76	0.45	0.7	0.56	0.75	0.31		0.77	-0.23	0.33
Long Term Debt	0.98	0.77	0.75	-0.27	0.99	-0.3	0.34	-0.02	0.84	0.96	0.58	0.98	-0.27	-0.62	0.49	0.13	0.98	0.13	0.84	0.49	0.83	0.21	0.77		-0.03	0.08
Inventory	-0.04	-0.24	0.02	-0.03	0.01	0.23	0.24	-0.03	-0.07	-0.09	-0.28	-0.05	-0.03	0.33	0.15	-0.34	-0.03	-0.36	0.02	-0.1	-0.04	-0.31	-0.23	-0.03		-0.19
Short Term Investments	0.1	0.08	0.15	-0.13	0.04	0.02	0.05	-0.06	0.08	0.02	0.08	0.08	-0.13	0.2	0.37	0.21	0.04	0.24	0.04	0.45	0.06	0.0	0.33	0.08	-0.19

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Tanger Factory Account Relationship Matchups

Tanger Factory fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.2B	2.2B	2.2B	2.3B	1.4B
Short Long Term Debt Total	2.8B	2.8B	2.5B	2.6B	1.5B	1.2B
Total Stockholder Equity	433.2M	341.4M	477.9M	491.6M	566.8M	349.7M
Net Debt	1.6B	1.6B	1.3B	1.3B	1.5B	972.3M
Retained Earnings	(317.3M)	(420.1M)	(483.4M)	(485.6M)	(490.2M)	(465.7M)
Non Currrent Assets Other	(312.8M)	(362.3M)	(411.8M)	(386.5M)	2.0B	2.1B
Other Assets	96.7M	2.0K	1.8B	58.6M	97.3M	179.0M
Common Stock Shares Outstanding	92.8M	92.6M	102.0M	105.6M	106.5M	72.2M
Liabilities And Stockholders Equity	2.3B	2.2B	2.2B	2.2B	2.3B	1.4B
Non Current Liabilities Total	1.7B	1.7B	1.6B	1.6B	1.6B	951.6M
Other Stockholder Equity	1.1B	1.2B	1.5B	1.5B	1.1B	633.4M
Total Liab	1.8B	1.8B	1.7B	1.7B	1.7B	1.0B
Total Current Liabilities	79.6M	88.3M	93.0M	104.7M	129.4M	138.3M
Cash	16.7M	84.8M	161.3M	212.1M	12.8M	25.3M
Non Current Assets Total	2.2B	2.0B	1.9B	2.0B	2.2B	1.5B
Cash And Short Term Investments	16.7M	84.8M	161.3M	264.6M	22.0M	28.1M
Common Stock Total Equity	946K	939K	929K	936K	1.1M	562.8K
Total Current Assets	120.3M	190.1M	265.8M	264.6M	22.0M	20.9M
Accumulated Other Comprehensive Income	(25.5M)	(26.6M)	(17.8M)	(11.0M)	(24.8M)	(26.0M)
Common Stock	929K	936K	1.0M	1.0M	1.1M	627.2K
Short Term Debt	1.2B	1.2B	1.1B	1.1B	13M	12.4M
Accounts Payable	79.6M	88.3M	93.0M	104.7M	118.5M	65.1M
Long Term Debt	1.6B	1.6B	1.4B	1.4B	1.4B	1.1B
Other Current Assets	(78.3M)	(150.6M)	(214.6M)	(324.3M)	(22.0M)	(20.9M)
Other Liab	87.1M	84.4M	78.7M	83.0M	95.4M	59.4M
Intangible Assets	11.3M	(3.9M)	(16.5M)	(30.5M)	91.3M	95.8M
Property Plant Equipment	100M	1.8B	1.7B	1.7B	2.0B	1.3B
Net Tangible Assets	100M	(90.1M)	404.2M	433.1M	389.8M	237.6M
Net Receivables	61.6M	65.8M	53.3M	59.7M	48.9M	57.3M
Long Term Investments	94.7M	94.6M	82.6M	73.8M	71.9M	93.6M
Long Term Debt Total	1.6B	1.6B	1.4B	1.4B	1.3B	1.3B

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