Tecnoglass Cost Of Revenue vs Capex To Revenue Analysis

TGLS Stock

USD 77.83 2.48 3.29%

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

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

Cost Of Revenue vs Capex To Revenue

Cost Of Revenue vs Capex To Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tecnoglass Cost Of Revenue account and Capex To Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Tecnoglass' Cost Of Revenue and Capex To Revenue is -0.53. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Capex To Revenue in the same time period over historical financial statements of Tecnoglass, assuming nothing else is changed. The correlation between historical values of Tecnoglass' Cost Of Revenue and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Tecnoglass are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Cost Of Revenue i.e., Tecnoglass' Cost Of Revenue and Capex To Revenue go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Cost Of Revenue

Cost of Revenue is found on Tecnoglass income statement and represents the costs associated with goods and services Tecnoglass provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Capex To Revenue

The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.

Most indicators from Tecnoglass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tecnoglass 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 Tecnoglass. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Tecnoglass Stock please use our How to Invest in Tecnoglass guide.At this time, Tecnoglass' Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 9.00 in 2024, whereas Selling General Administrative is likely to drop slightly above 33.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	10.7M	8.2M	13.3M	15.2M
Depreciation And Amortization	19.6M	17.9M	21.9M	18.2M

Interest Expense Depreciation And Amortization

Tecnoglass fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Other Liab
Total Assets		0.72	0.88	0.79	0.83	0.34	0.64	0.95	0.84	0.89	0.79	0.83	0.94	0.89	0.69	0.92	0.78	0.94	0.76	0.89	0.93	1.0	-0.13	0.95	0.79	-0.41
Short Long Term Debt Total	0.72		0.61	0.41	0.45	0.84	0.18	0.74	0.49	0.67	0.49	0.48	0.73	0.79	0.19	0.85	0.94	0.76	0.69	0.78	0.91	0.71	0.15	0.81	0.48	-0.34
Total Current Liabilities	0.88	0.61		0.69	0.71	0.22	0.64	0.91	0.71	0.78	0.66	0.71	0.82	0.7	0.67	0.81	0.53	0.71	0.58	0.64	0.83	0.88	0.27	0.81	0.8	-0.06
Total Stockholder Equity	0.79	0.41	0.69		0.98	-0.11	0.95	0.72	0.97	0.95	0.93	0.98	0.73	0.68	0.94	0.67	0.49	0.71	0.54	0.66	0.65	0.79	-0.29	0.71	0.7	-0.45
Net Tangible Assets	0.83	0.45	0.71	0.98		-0.06	0.9	0.78	0.99	0.95	0.93	0.99	0.77	0.73	0.93	0.74	0.54	0.79	0.63	0.75	0.7	0.83	-0.34	0.77	0.73	-0.49
Net Debt	0.34	0.84	0.22	-0.11	-0.06		-0.35	0.39	-0.03	0.18	-0.02	-0.04	0.41	0.45	-0.33	0.53	0.79	0.42	0.45	0.48	0.62	0.33	0.26	0.46	0.04	-0.12
Retained Earnings	0.64	0.18	0.64	0.95	0.9	-0.35		0.58	0.89	0.84	0.83	0.9	0.57	0.47	0.98	0.46	0.22	0.5	0.32	0.41	0.46	0.64	-0.21	0.5	0.66	-0.33
Accounts Payable	0.95	0.74	0.91	0.72	0.78	0.39	0.58		0.77	0.83	0.69	0.76	0.95	0.83	0.65	0.91	0.77	0.88	0.8	0.85	0.95	0.97	-0.02	0.91	0.71	-0.3
Cash	0.84	0.49	0.71	0.97	0.99	-0.03	0.89	0.77		0.96	0.95	1.0	0.75	0.76	0.91	0.75	0.56	0.8	0.65	0.76	0.71	0.83	-0.31	0.78	0.74	-0.54
Non Current Assets Total	0.89	0.67	0.78	0.95	0.95	0.18	0.84	0.83	0.96		0.92	0.96	0.82	0.81	0.84	0.83	0.7	0.83	0.65	0.79	0.84	0.88	-0.16	0.85	0.73	-0.47
Non Currrent Assets Other	0.79	0.49	0.66	0.93	0.93	-0.02	0.83	0.69	0.95	0.92		0.95	0.67	0.78	0.81	0.74	0.54	0.78	0.6	0.75	0.67	0.77	-0.27	0.79	0.71	-0.52
Cash And Short Term Investments	0.83	0.48	0.71	0.98	0.99	-0.04	0.9	0.76	1.0	0.96	0.95		0.75	0.75	0.92	0.74	0.55	0.79	0.63	0.74	0.71	0.83	-0.31	0.77	0.74	-0.54
Net Receivables	0.94	0.73	0.82	0.73	0.77	0.41	0.57	0.95	0.75	0.82	0.67	0.75		0.79	0.63	0.86	0.8	0.9	0.81	0.85	0.92	0.95	-0.12	0.88	0.67	-0.27
Common Stock Total Equity	0.89	0.79	0.7	0.68	0.73	0.45	0.47	0.83	0.76	0.81	0.78	0.75	0.79		0.49	0.9	0.82	0.92	0.81	0.93	0.88	0.88	-0.25	0.95	0.76	-0.61
Retained Earnings Total Equity	0.69	0.19	0.67	0.94	0.93	-0.33	0.98	0.65	0.91	0.84	0.81	0.92	0.63	0.49		0.51	0.26	0.56	0.41	0.49	0.5	0.69	-0.27	0.55	0.68	-0.33
Common Stock Shares Outstanding	0.92	0.85	0.81	0.67	0.74	0.53	0.46	0.91	0.75	0.83	0.74	0.74	0.86	0.9	0.51		0.87	0.93	0.8	0.94	0.96	0.92	-0.01	0.98	0.69	-0.37
Non Current Liabilities Total	0.78	0.94	0.53	0.49	0.54	0.79	0.22	0.77	0.56	0.7	0.54	0.55	0.8	0.82	0.26	0.87		0.86	0.77	0.88	0.91	0.77	-0.13	0.84	0.43	-0.48
Capital Surpluse	0.94	0.76	0.71	0.71	0.79	0.42	0.5	0.88	0.8	0.83	0.78	0.79	0.9	0.92	0.56	0.93	0.86		0.85	0.98	0.9	0.94	-0.28	0.95	0.71	-0.53
Other Current Assets	0.76	0.69	0.58	0.54	0.63	0.45	0.32	0.8	0.65	0.65	0.6	0.63	0.81	0.81	0.41	0.8	0.77	0.85		0.89	0.79	0.78	-0.26	0.8	0.5	-0.51
Other Stockholder Equity	0.89	0.78	0.64	0.66	0.75	0.48	0.41	0.85	0.76	0.79	0.75	0.74	0.85	0.93	0.49	0.94	0.88	0.98	0.89		0.89	0.88	-0.31	0.94	0.64	-0.56
Total Liab	0.93	0.91	0.83	0.65	0.7	0.62	0.46	0.95	0.71	0.84	0.67	0.71	0.92	0.88	0.5	0.96	0.91	0.9	0.79	0.89		0.93	0.04	0.94	0.67	-0.34
Total Current Assets	1.0	0.71	0.88	0.79	0.83	0.33	0.64	0.97	0.83	0.88	0.77	0.83	0.95	0.88	0.69	0.92	0.77	0.94	0.78	0.88	0.93		-0.13	0.94	0.78	-0.39
Short Term Debt	-0.13	0.15	0.27	-0.29	-0.34	0.26	-0.21	-0.02	-0.31	-0.16	-0.27	-0.31	-0.12	-0.25	-0.27	-0.01	-0.13	-0.28	-0.26	-0.31	0.04	-0.13		-0.1	-0.03	0.66
Common Stock	0.95	0.81	0.81	0.71	0.77	0.46	0.5	0.91	0.78	0.85	0.79	0.77	0.88	0.95	0.55	0.98	0.84	0.95	0.8	0.94	0.94	0.94	-0.1		0.76	-0.4
Other Current Liab	0.79	0.48	0.8	0.7	0.73	0.04	0.66	0.71	0.74	0.73	0.71	0.74	0.67	0.76	0.68	0.69	0.43	0.71	0.5	0.64	0.67	0.78	-0.03	0.76		-0.31
Other Liab	-0.41	-0.34	-0.06	-0.45	-0.49	-0.12	-0.33	-0.3	-0.54	-0.47	-0.52	-0.54	-0.27	-0.61	-0.33	-0.37	-0.48	-0.53	-0.51	-0.56	-0.34	-0.39	0.66	-0.4	-0.31

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Tecnoglass Account Relationship Matchups

Tecnoglass fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	569.7M	532.0M	591.6M	734.3M	962.7M	484.5M
Short Long Term Debt Total	259.8M	224.5M	199.1M	169.5M	170.0M	180.9M
Total Current Liabilities	129.0M	91.5M	155.0M	209.8M	235.9M	135.1M
Total Stockholder Equity	186.6M	212.4M	243.9M	348.8M	548.0M	575.4M
Net Tangible Assets	156.3M	183.7M	217.0M	322.6M	370.9M	389.5M
Net Debt	211.9M	157.6M	114.0M	65.8M	40.5M	38.5M
Retained Earnings	16.2M	34.3M	91.0M	234.3M	400.0M	420.0M
Accounts Payable	61.9M	42.3M	68.1M	90.2M	86.7M	54.3M
Cash	47.9M	66.9M	85.0M	103.7M	129.5M	136.0M
Non Current Assets Total	246.8M	245.2M	265.3M	302.2M	427.0M	448.3M
Non Currrent Assets Other	11.8M	16.5M	20.0M	14.6M	26.3M	27.6M
Cash And Short Term Investments	50.2M	69.3M	87.0M	105.7M	138.9M	145.8M
Net Receivables	160.6M	120.0M	131.5M	174.3M	185.7M	132.1M
Retained Earnings Total Equity	16.2M	34.3M	91.0M	234.3M	269.4M	282.9M
Common Stock Shares Outstanding	38.1M	44.5M	46.4M	47.7M	47.5M	36.9M
Liabilities And Stockholders Equity	569.7M	532.0M	591.6M	734.3M	962.7M	484.5M
Non Current Liabilities Total	253.4M	227.5M	191.9M	174.2M	178.8M	165.9M
Capital Surpluse	125.3M	157.6M	208.3M	219.3M	252.2M	136.2M
Other Current Assets	29.3M	13.9M	22.9M	27.1M	16.4M	13.0M
Other Stockholder Equity	125.3M	157.6M	208.3M	219.3M	192.4M	137.5M
Total Liab	382.5M	319.1M	346.9M	384.0M	414.7M	301.1M
Total Current Assets	322.8M	286.8M	326.3M	432.1M	535.8M	272.9M
Accumulated Other Comprehensive Income	(37.9M)	(41.2M)	(66.5M)	(104.7M)	(44.4M)	(46.6M)
Short Term Debt	16.1M	1.8M	10.7M	504K	7.0M	6.7M
Other Current Liab	38.6M	50.0M	31.0M	69.5M	69.6M	38.9M
Other Liab	9.7M	4.8M	3.5M	5.2M	4.7M	4.4M
Property Plant And Equipment Net	154.6M	152.3M	166.6M	202.9M	324.6M	173.1M
Current Deferred Revenue	12.5M	24.7M	45.2M	49.6M	72.5M	76.2M
Noncontrolling Interest In Consolidated Entity	606K	586K	836K	1.5M	1.7M	1.8M
Other Assets	15.9M	16.7M	20.6M	15.2M	17.5M	14.8M
Long Term Debt	243.7M	222.7M	188.4M	169.0M	163.0M	168.1M
Short Term Investments	2.3M	2.4M	2.0M	2.0M	2.9M	2.1M
Inventory	82.7M	80.7M	85.0M	125.0M	159.1M	79.9M
Deferred Long Term Liab	411K	3.2M	3.4M	5.2M	6.0M	6.3M
Property Plant And Equipment Gross	154.6M	152.3M	273.5M	304.7M	471.2M	494.8M
Non Current Liabilities Other	9.3M	1.6M	78K	11K	9.9K	9.4K
Intangible Assets	6.7M	5.1M	3.3M	2.7M	3.5M	5.0M

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