Total Net Income From Continuing Ops vs Ebit Analysis

TOT Stock  CAD 9.50  0.29  3.15%   
Total Energy financial indicator trend analysis is much more than just breaking down Total Energy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Total Energy Services is a good investment. Please check the relationship between Total Energy Net Income From Continuing Ops and its Ebit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Total Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Net Income From Continuing Ops vs Ebit

Net Income From Continuing Ops vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Total Energy Services Net Income From Continuing Ops account and Ebit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Total Energy's Net Income From Continuing Ops and Ebit is 0.82. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Ebit in the same time period over historical financial statements of Total Energy Services, assuming nothing else is changed. The correlation between historical values of Total Energy's Net Income From Continuing Ops and Ebit 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 Total Energy Services are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Net Income From Continuing Ops i.e., Total Energy's Net Income From Continuing Ops and Ebit go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Net Income From Continuing Ops

Ebit

Most indicators from Total Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Total Energy Services 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 Total Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, Total Energy's Tax Provision is very stable compared to the past year. As of the 15th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 26.7 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue406.2M668.6M759.1M797.0M
EBITDA81.6M128.0M147.2M154.6M

Total Energy fundamental ratios Correlations

0.890.740.970.990.820.720.860.990.50.930.920.890.11-0.390.970.60.790.52-0.590.71-0.180.870.870.280.37
0.890.650.790.920.970.380.770.920.260.820.970.730.09-0.320.950.450.650.7-0.310.68-0.060.850.880.10.24
0.740.650.660.70.560.40.860.690.370.650.60.60.03-0.390.780.810.920.56-0.490.81-0.550.760.770.740.4
0.970.790.660.960.70.840.770.960.540.920.840.930.1-0.410.890.610.760.39-0.70.66-0.220.820.820.280.39
0.990.920.70.960.870.70.821.00.430.90.950.860.17-0.430.970.540.730.57-0.560.68-0.140.840.850.20.28
0.820.970.560.70.870.30.70.870.180.730.950.630.17-0.310.890.340.530.73-0.20.60.030.740.78-0.020.03
0.720.380.40.840.70.30.490.70.490.670.50.70.27-0.310.560.380.530.12-0.850.4-0.250.420.40.160.29
0.860.770.860.770.820.70.490.820.590.740.770.69-0.02-0.330.90.630.810.47-0.390.69-0.190.790.790.480.36
0.990.920.690.961.00.870.70.820.420.90.950.860.17-0.430.970.540.730.57-0.560.67-0.140.840.850.190.27
0.50.260.370.540.430.180.490.590.420.610.380.59-0.55-0.010.440.420.57-0.28-0.440.49-0.150.420.40.320.4
0.930.820.650.920.90.730.670.740.90.610.870.89-0.13-0.250.880.650.830.36-0.680.74-0.290.830.840.270.54
0.920.970.60.840.950.950.50.770.950.380.870.760.08-0.30.950.420.650.58-0.410.64-0.050.80.830.050.24
0.890.730.60.930.860.630.70.690.860.590.890.76-0.18-0.410.80.680.740.3-0.590.73-0.250.880.870.330.38
0.110.090.030.10.170.170.27-0.020.17-0.55-0.130.08-0.18-0.110.1-0.25-0.170.5-0.12-0.230.14-0.17-0.16-0.26-0.38
-0.39-0.32-0.39-0.41-0.43-0.31-0.31-0.33-0.43-0.01-0.25-0.3-0.41-0.11-0.35-0.44-0.3-0.20.15-0.180.2-0.43-0.43-0.340.08
0.970.950.780.890.970.890.560.90.970.440.880.950.80.1-0.350.550.770.63-0.450.72-0.130.870.880.260.33
0.60.450.810.610.540.340.380.630.540.420.650.420.68-0.25-0.440.550.890.21-0.560.7-0.70.780.780.830.5
0.790.650.920.760.730.530.530.810.730.570.830.650.74-0.17-0.30.770.890.35-0.70.86-0.660.810.820.730.58
0.520.70.560.390.570.730.120.470.57-0.280.360.580.30.5-0.20.630.210.35-0.090.5-0.040.460.5-0.01-0.05
-0.59-0.31-0.49-0.7-0.56-0.2-0.85-0.39-0.56-0.44-0.68-0.41-0.59-0.120.15-0.45-0.56-0.7-0.09-0.540.65-0.39-0.39-0.38-0.51
0.710.680.810.660.680.60.40.690.670.490.740.640.73-0.23-0.180.720.70.860.5-0.54-0.560.750.780.520.37
-0.18-0.06-0.55-0.22-0.140.03-0.25-0.19-0.14-0.15-0.29-0.05-0.250.140.2-0.13-0.7-0.66-0.040.65-0.56-0.27-0.3-0.75-0.39
0.870.850.760.820.840.740.420.790.840.420.830.80.88-0.17-0.430.870.780.810.46-0.390.75-0.271.00.490.44
0.870.880.770.820.850.780.40.790.850.40.840.830.87-0.16-0.430.880.780.820.5-0.390.78-0.31.00.480.42
0.280.10.740.280.2-0.020.160.480.190.320.270.050.33-0.26-0.340.260.830.73-0.01-0.380.52-0.750.490.480.44
0.370.240.40.390.280.030.290.360.270.40.540.240.38-0.380.080.330.50.58-0.05-0.510.37-0.390.440.420.44
Click cells to compare fundamentals

Total Energy Account Relationship Matchups

Total Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets997.2M849.6M813.5M878.6M861.7M493.0M
Short Long Term Debt Total298.3M247.9M202.6M134.8M155.0M103.3M
Total Current Liabilities152.2M61.7M88.4M187.8M177.0M185.9M
Total Stockholder Equity543.4M510.4M492.9M521.5M530.2M293.2M
Property Plant And Equipment Net730.6M637.7M576.3M567.5M557.2M345.5M
Net Debt278.4M224.9M169.3M100.7M45.1M89.2M
Retained Earnings268.1M240.1M242.9M273.8M299.7M167.3M
Accounts Payable50.4M16.5M33.6M53.2M43.4M26.9M
Non Current Assets Total741.7M648.9M587.8M578.6M561.2M352.9M
Net Receivables118.3M74.7M92.8M155.1M102.9M62.3M
Common Stock Shares Outstanding45.6M45.1M44.7M43.0M40.0M35.7M
Liabilities And Stockholders Equity997.2M849.6M813.5M878.6M1.0B1.1B
Non Current Liabilities Total301.8M276.8M231.7M168.8M153.9M123.3M
Inventory105.7M95.6M89.9M91.6M98.2M49.3M
Other Current Assets664K566K487K378K434.7K413.0K
Other Stockholder Equity7.5M5.0M5.8M3.6M3.2M3.1M
Total Liab454.0M338.6M320.1M356.6M330.9M199.7M
Property Plant And Equipment Gross730.6M637.7M1.2B1.2B1.3B1.3B
Total Current Assets255.4M200.7M225.7M300.0M300.5M315.5M
Accumulated Other Comprehensive Income(16.7M)(18.7M)(26.7M)(17.0M)(15.3M)(16.1M)
Short Term Debt49.9M9.0M6.6M7.2M8.2M15.7M
Other Current Liab96.1M59.8M31.9M63.6M73.1M76.7M
Common Stock Total Equity291.3M288.9M284.5M284.1M326.7M179.9M
Common Stock284.5M284.1M270.9M261.1M300.3M198.7M
Current Deferred Revenue3.9M6.4M16.3M63.9M73.5M77.2M
Cash19.9M23.0M33.4M34.1M47.9M26.1M
Cash And Short Term Investments19.9M23.0M33.4M34.1M39.2M24.0M
Other Liab53.4M37.9M35.7M41.1M37.0M41.0M
Net Tangible Assets539.3M506.3M488.8M517.4M595.0M506.4M
Long Term Debt236.3M230.5M187.9M118.0M90.9M162.5M
Short Long Term Debt41.6M2.6M2.6M2.0M2.1M1.9M
Property Plant Equipment730.6M637.7M576.3M567.5M652.6M621.8M
Long Term Debt Total248.4M238.9M196.0M127.6M146.8M220.3M
Capital Surpluse7.5M5.0M5.8M3.6M3.2M4.6M
Capital Lease Obligations20.4M14.8M12.1M14.8M15.8M13.2M
Net Invested Capital821.2M743.4M683.4M641.5M623.2M597.9M
Cash And Equivalents19.9M23.0M33.4M34.1M39.2M29.7M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Total Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Total Energy's short interest history, or implied volatility extrapolated from Total Energy options trading.

Currently Active Assets on Macroaxis

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Total Energy Services. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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Please note, there is a significant difference between Total Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Total Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Total Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.