Therma Net Income From Continuing Ops vs Cost Of Revenue Analysis

THRM Stock

CAD 0.03 0 8.33%

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

Net Income From Continuing Ops vs Cost Of Revenue

Net Income From Continuing Ops vs Cost Of Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Therma Bright Net Income From Continuing Ops account and Cost Of Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Therma Bright's Net Income From Continuing Ops and Cost Of Revenue is -0.5. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Cost Of Revenue in the same time period over historical financial statements of Therma Bright, assuming nothing else is changed. The correlation between historical values of Therma Bright's Net Income From Continuing Ops and Cost Of 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 Net Income From Continuing Ops of Therma Bright are associated (or correlated) with its Cost Of Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cost Of Revenue has no effect on the direction of Net Income From Continuing Ops i.e., Therma Bright's Net Income From Continuing Ops and Cost Of Revenue go up and down completely randomly.

Correlation Coefficient

-0.5

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Income From Continuing Ops

Cost Of Revenue

Cost of Revenue is found on Therma Bright income statement and represents the costs associated with goods and services Therma Bright 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.

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

Selling General Administrative is likely to climb to about 3.8 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

Therma Bright fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Non Currrent Assets Other	Non Current Liabilities Total	Inventory	Short Term Debt	Intangible Assets	Other Current Liab	Common Stock	Net Tangible Assets	Long Term Debt
Total Assets		-0.2	0.66	0.96	-0.67	-0.81	0.15	0.72	0.67	0.72	0.61	0.81	0.86	0.85	-0.27	0.8	-0.47	0.48	-0.66	0.82	-0.41	0.62	0.7	0.86	0.92	-0.71
Total Current Liabilities	-0.2		-0.87	-0.13	0.82	0.01	0.69	-0.27	0.01	-0.27	-0.28	-0.23	-0.28	-0.06	0.99	-0.27	0.9	-0.39	0.59	-0.26	0.92	-0.04	0.32	-0.24	-0.18	0.44
Total Stockholder Equity	0.66	-0.87		0.59	-0.97	-0.41	-0.46	0.59	0.32	0.59	0.53	0.58	0.66	0.47	-0.9	0.62	-0.93	0.57	-0.82	0.62	-0.9	0.34	0.11	0.62	0.6	-0.71
Property Plant And Equipment Net	0.96	-0.13	0.59		-0.59	-0.84	0.21	0.63	0.71	0.63	0.5	0.8	0.81	0.85	-0.21	0.71	-0.42	0.44	-0.59	0.83	-0.37	0.67	0.76	0.9	0.9	-0.65
Net Debt	-0.67	0.82	-0.97	-0.59		0.42	0.31	-0.67	-0.25	-0.67	-0.61	-0.56	-0.64	-0.5	0.85	-0.69	0.92	-0.53	0.78	-0.58	0.9	-0.25	-0.04	-0.62	-0.58	0.71
Retained Earnings	-0.81	0.01	-0.41	-0.84	0.42		-0.34	-0.38	-0.76	-0.38	-0.43	-0.93	-0.51	-0.9	0.07	-0.47	0.33	-0.02	0.46	-0.61	0.3	-0.62	-0.68	-0.88	-0.91	0.76
Accounts Payable	0.15	0.69	-0.46	0.21	0.31	-0.34		-0.03	0.25	-0.03	-0.02	0.13	0.0	0.4	0.67	0.0	0.37	-0.25	0.27	0.08	0.39	0.17	0.18	0.19	0.17	0.06
Cash	0.72	-0.27	0.59	0.63	-0.67	-0.38	-0.03		-0.03	1.0	0.85	0.34	0.59	0.36	-0.29	0.99	-0.32	0.35	-0.41	0.46	-0.28	-0.07	0.39	0.5	0.44	-0.45
Non Current Assets Total	0.67	0.01	0.32	0.71	-0.25	-0.76	0.25	-0.03		-0.03	-0.04	0.82	0.61	0.85	-0.08	0.09	-0.34	0.34	-0.52	0.69	-0.3	0.97	0.58	0.71	0.86	-0.55
Cash And Short Term Investments	0.72	-0.27	0.59	0.63	-0.67	-0.38	-0.03	1.0	-0.03		0.85	0.34	0.59	0.36	-0.29	0.99	-0.32	0.35	-0.41	0.46	-0.28	-0.07	0.39	0.5	0.44	-0.45
Net Receivables	0.61	-0.28	0.53	0.5	-0.61	-0.43	-0.02	0.85	-0.04	0.85		0.41	0.43	0.41	-0.29	0.85	-0.33	0.07	-0.34	0.35	-0.31	-0.15	0.26	0.43	0.41	-0.51
Common Stock Shares Outstanding	0.81	-0.23	0.58	0.8	-0.56	-0.93	0.13	0.34	0.82	0.34	0.41		0.55	0.92	-0.31	0.43	-0.54	0.16	-0.65	0.6	-0.49	0.7	0.58	0.86	0.95	-0.87
Other Current Assets	0.86	-0.28	0.66	0.81	-0.64	-0.51	0.0	0.59	0.61	0.59	0.43	0.55		0.68	-0.35	0.66	-0.5	0.8	-0.69	0.93	-0.44	0.65	0.49	0.67	0.74	-0.48
Other Stockholder Equity	0.85	-0.06	0.47	0.85	-0.5	-0.9	0.4	0.36	0.85	0.36	0.41	0.92	0.68		-0.15	0.46	-0.45	0.27	-0.62	0.71	-0.4	0.76	0.56	0.84	0.95	-0.76
Total Liab	-0.27	0.99	-0.9	-0.21	0.85	0.07	0.67	-0.29	-0.08	-0.29	-0.29	-0.31	-0.35	-0.15		-0.3	0.93	-0.46	0.68	-0.32	0.93	-0.13	0.25	-0.31	-0.27	0.52
Total Current Assets	0.8	-0.27	0.62	0.71	-0.69	-0.47	0.0	0.99	0.09	0.99	0.85	0.43	0.66	0.46	-0.3		-0.35	0.37	-0.47	0.54	-0.31	0.04	0.46	0.57	0.54	-0.51
Short Long Term Debt Total	-0.47	0.9	-0.93	-0.42	0.92	0.33	0.37	-0.32	-0.34	-0.32	-0.33	-0.54	-0.5	-0.45	0.93	-0.35		-0.49	0.78	-0.5	0.99	-0.36	0.15	-0.52	-0.51	0.67
Non Currrent Assets Other	0.48	-0.39	0.57	0.44	-0.53	-0.02	-0.25	0.35	0.34	0.35	0.07	0.16	0.8	0.27	-0.46	0.37	-0.49		-0.7	0.66	-0.43	0.5	0.15	0.31	0.36	-0.25
Non Current Liabilities Total	-0.66	0.59	-0.82	-0.59	0.78	0.46	0.27	-0.41	-0.52	-0.41	-0.34	-0.65	-0.69	-0.62	0.68	-0.47	0.78	-0.7		-0.64	0.7	-0.56	-0.22	-0.65	-0.71	0.84
Inventory	0.82	-0.26	0.62	0.83	-0.58	-0.61	0.08	0.46	0.69	0.46	0.35	0.6	0.93	0.71	-0.32	0.54	-0.5	0.66	-0.64		-0.45	0.7	0.5	0.8	0.77	-0.49
Short Term Debt	-0.41	0.92	-0.9	-0.37	0.9	0.3	0.39	-0.28	-0.3	-0.28	-0.31	-0.49	-0.44	-0.4	0.93	-0.31	0.99	-0.43	0.7	-0.45		-0.31	0.21	-0.48	-0.45	0.61
Intangible Assets	0.62	-0.04	0.34	0.67	-0.25	-0.62	0.17	-0.07	0.97	-0.07	-0.15	0.7	0.65	0.76	-0.13	0.04	-0.36	0.5	-0.56	0.7	-0.31		0.53	0.64	0.78	-0.46
Other Current Liab	0.7	0.32	0.11	0.76	-0.04	-0.68	0.18	0.39	0.58	0.39	0.26	0.58	0.49	0.56	0.25	0.46	0.15	0.15	-0.22	0.5	0.21	0.53		0.6	0.66	-0.36
Common Stock	0.86	-0.24	0.62	0.9	-0.62	-0.88	0.19	0.5	0.71	0.5	0.43	0.86	0.67	0.84	-0.31	0.57	-0.52	0.31	-0.65	0.8	-0.48	0.64	0.6		0.9	-0.78
Net Tangible Assets	0.92	-0.18	0.6	0.9	-0.58	-0.91	0.17	0.44	0.86	0.44	0.41	0.95	0.74	0.95	-0.27	0.54	-0.51	0.36	-0.71	0.77	-0.45	0.78	0.66	0.9		-0.83
Long Term Debt	-0.71	0.44	-0.71	-0.65	0.71	0.76	0.06	-0.45	-0.55	-0.45	-0.51	-0.87	-0.48	-0.76	0.52	-0.51	0.67	-0.25	0.84	-0.49	0.61	-0.46	-0.36	-0.78	-0.83

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Therma Bright Account Relationship Matchups

Therma Bright fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1M	2.2M	4.0M	2.2M	2.5M	2.7M
Total Current Liabilities	884.3K	887.1K	1.2M	2.1M	2.5M	2.2M
Total Stockholder Equity	224.0K	1.3M	2.7M	44.8K	51.5K	54.1K
Property Plant And Equipment Net	2.0K	83.2K	106.7K	75.0K	86.3K	71.0K
Net Debt	(965.8K)	(1.7M)	(3.0M)	(91.8K)	(82.7K)	(78.5K)
Retained Earnings	(17.5M)	(26.1M)	(32.0M)	(35.8M)	(32.2M)	(30.6M)
Accounts Payable	814.4K	887.1K	1.1M	1.4M	1.6M	1.0M
Cash	1.1M	1.8M	3.1M	182.2K	209.6K	199.1K
Non Current Assets Total	46.8K	288.8K	416.8K	1.8M	2.0M	2.1M
Cash And Short Term Investments	1.1M	1.8M	3.1M	182.2K	209.6K	199.1K
Common Stock Shares Outstanding	163.8M	200.0M	228.5M	242.8M	279.3M	293.2M
Liabilities And Stockholders Equity	1.1M	2.2M	4.0M	2.2M	2.5M	2.7M
Other Current Assets	22.5K	26K	78.2K	54.0K	48.6K	50.8K
Other Stockholder Equity	5.6M	5.6M	8.5M	13.9M	16.0M	16.8M
Total Liab	924.3K	927.1K	1.3M	2.2M	1.9M	1.9M
Total Current Assets	1.1M	2.0M	3.6M	445.9K	512.8K	564.0K
Short Long Term Debt Total	95.9K	40K	110.6K	90.4K	81.3K	77.3K
Non Currrent Assets Other	49.5K	49.8K	204.9K	224.9K	202.4K	212.6K
Short Term Debt	7.0K	55.9K	20.2K	65.0K	58.5K	55.6K
Intangible Assets	44.8K	205.7K	105.2K	623.7K	717.2K	753.1K
Accumulated Other Comprehensive Income	5.6M	8.5M	13.9M	14.0M	16.1M	16.9M
Common Stock	12.1M	18.9M	20.9M	21.8M	25.1M	13.7M
Net Tangible Assets	(333.7K)	179.2K	1.1M	2.6M	3.0M	3.2M
Short Long Term Debt	8.5K	7.0K	55.9K	40K	46K	35.5K
Net Invested Capital	319.9K	1.4M	2.8M	84.8K	97.5K	92.6K
Net Working Capital	217.2K	1.1M	2.4M	(1.7M)	(1.9M)	(1.9M)
Capital Stock	12.1M	18.9M	20.9M	21.8M	25.1M	17.5M

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