Thor Net Income vs Cost of Revenue Analysis

THO Stock

USD 97.90 0.63 0.64%

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 Cost Of Revenue accounts. Check out World Market Map 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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.

Net Income vs Cost Of Revenue

Net Income vs Cost of Revenue 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 Cost of Revenue. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Thor Industries' Net Income and Cost of Revenue is 0.83. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Cost of Revenue 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 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 of Thor Industries 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 i.e., Thor Industries' Net Income and Cost of Revenue go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Cost Of Revenue

Cost of Revenue is found on Thor Industries income statement and represents the costs associated with goods and services Thor Industries 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 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 World Market Map 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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.At this time, Thor Industries' Selling General Administrative is very stable compared to the past year. As of the 19th of April 2024, Tax Provision is likely to grow to about 163.2 M, though Discontinued Operations is likely to grow to (1.3 M).

	2021	2022	2023	2024 (projected)
Total Revenue	16.3B	11.1B	12.8B	13.4B
Depreciation And Amortization	156.9M	276.9M	318.5M	334.4M

Total Revenue Depreciation And Amortization

Thor Industries fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Short Term Debt	Accounts Payable	Non Currrent Assets Other	Good Will	Property Plant And Equipment Gross	Common Stock Total Equity
Total Assets		0.65	0.99	0.97	1.0	0.89	0.95	0.87	1.0	0.87	0.91	0.76	0.93	0.97	-0.46	0.36	0.97	0.99	0.98	0.81	-0.69	0.98	-0.08	0.99	0.97	0.49
Other Current Liab	0.65		0.6	0.8	0.64	0.33	0.84	0.39	0.64	0.39	0.42	0.57	0.38	0.78	-0.08	-0.42	0.48	0.68	0.59	0.36	-0.33	0.57	0.17	0.63	0.78	0.34
Total Current Liabilities	0.99	0.6		0.95	0.99	0.89	0.93	0.89	0.99	0.89	0.94	0.75	0.94	0.95	-0.44	0.4	0.98	0.99	0.99	0.82	-0.7	0.99	-0.05	0.98	0.95	0.51
Total Stockholder Equity	0.97	0.8	0.95		0.96	0.75	1.0	0.82	0.96	0.82	0.82	0.79	0.81	0.98	-0.33	0.15	0.88	0.97	0.92	0.73	-0.62	0.93	0.0	0.95	0.99	0.51
Property Plant And Equipment Net	1.0	0.64	0.99	0.96		0.88	0.95	0.88	1.0	0.88	0.89	0.74	0.93	0.96	-0.46	0.38	0.97	0.98	0.98	0.81	-0.72	0.97	-0.1	0.99	0.97	0.46
Net Debt	0.89	0.33	0.89	0.75	0.88		0.72	0.76	0.9	0.76	0.88	0.53	0.99	0.8	-0.66	0.62	0.96	0.85	0.92	0.77	-0.7	0.89	-0.24	0.9	0.81	0.31
Retained Earnings	0.95	0.84	0.93	1.0	0.95	0.72		0.79	0.94	0.79	0.8	0.78	0.78	0.98	-0.31	0.09	0.86	0.96	0.91	0.71	-0.6	0.91	0.01	0.94	0.98	0.51
Cash	0.87	0.39	0.89	0.82	0.88	0.76	0.79		0.88	1.0	0.83	0.8	0.84	0.76	-0.32	0.5	0.88	0.86	0.85	0.78	-0.51	0.85	-0.05	0.87	0.8	0.63
Non Current Assets Total	1.0	0.64	0.99	0.96	1.0	0.9	0.94	0.88		0.88	0.9	0.74	0.94	0.96	-0.48	0.39	0.98	0.98	0.99	0.81	-0.7	0.97	-0.11	0.99	0.97	0.47
Cash And Short Term Investments	0.87	0.39	0.89	0.82	0.88	0.76	0.79	1.0	0.88		0.83	0.8	0.84	0.76	-0.32	0.5	0.88	0.86	0.85	0.78	-0.51	0.85	-0.05	0.87	0.8	0.63
Net Receivables	0.91	0.42	0.94	0.82	0.89	0.88	0.8	0.83	0.9	0.83		0.69	0.91	0.83	-0.34	0.47	0.94	0.92	0.93	0.85	-0.64	0.95	-0.02	0.88	0.8	0.59
Common Stock Shares Outstanding	0.76	0.57	0.75	0.79	0.74	0.53	0.78	0.8	0.74	0.8	0.69		0.62	0.73	-0.16	0.08	0.69	0.78	0.7	0.57	-0.21	0.73	0.06	0.74	0.73	0.8
Non Current Liabilities Total	0.93	0.38	0.94	0.81	0.93	0.99	0.78	0.84	0.94	0.84	0.91	0.62		0.84	-0.61	0.61	0.99	0.9	0.95	0.81	-0.69	0.93	-0.21	0.94	0.85	0.39
Inventory	0.97	0.78	0.95	0.98	0.96	0.8	0.98	0.76	0.96	0.76	0.83	0.73	0.84		-0.42	0.18	0.9	0.98	0.93	0.72	-0.65	0.95	-0.04	0.96	0.98	0.43
Other Current Assets	-0.46	-0.08	-0.44	-0.33	-0.46	-0.66	-0.31	-0.32	-0.48	-0.32	-0.34	-0.16	-0.61	-0.42		-0.5	-0.54	-0.4	-0.49	-0.26	0.32	-0.45	0.59	-0.52	-0.44	0.12
Other Stockholder Equity	0.36	-0.42	0.4	0.15	0.38	0.62	0.09	0.5	0.39	0.5	0.47	0.08	0.61	0.18	-0.5		0.53	0.31	0.4	0.48	-0.53	0.42	-0.29	0.4	0.22	-0.07
Total Liab	0.97	0.48	0.98	0.88	0.97	0.96	0.86	0.88	0.98	0.88	0.94	0.69	0.99	0.9	-0.54	0.53		0.95	0.98	0.83	-0.71	0.97	-0.14	0.97	0.91	0.45
Total Current Assets	0.99	0.68	0.99	0.97	0.98	0.85	0.96	0.86	0.98	0.86	0.92	0.78	0.9	0.98	-0.4	0.31	0.95		0.96	0.8	-0.65	0.99	-0.03	0.98	0.96	0.53
Intangible Assets	0.98	0.59	0.99	0.92	0.98	0.92	0.91	0.85	0.99	0.85	0.93	0.7	0.95	0.93	-0.49	0.4	0.98	0.96		0.81	-0.7	0.97	-0.1	0.97	0.93	0.48
Short Long Term Debt Total	0.81	0.36	0.82	0.73	0.81	0.77	0.71	0.78	0.81	0.78	0.85	0.57	0.81	0.72	-0.26	0.48	0.83	0.8	0.81		-0.73	0.79	-0.33	0.78	0.72	0.46
Short Term Debt	-0.69	-0.33	-0.7	-0.62	-0.72	-0.7	-0.6	-0.51	-0.7	-0.51	-0.64	-0.21	-0.69	-0.65	0.32	-0.53	-0.71	-0.65	-0.7	-0.73		-0.68	0.13	-0.68	-0.67	0.08
Accounts Payable	0.98	0.57	0.99	0.93	0.97	0.89	0.91	0.85	0.97	0.85	0.95	0.73	0.93	0.95	-0.45	0.42	0.97	0.99	0.97	0.79	-0.68		-0.04	0.97	0.93	0.49
Non Currrent Assets Other	-0.08	0.17	-0.05	0.0	-0.1	-0.24	0.01	-0.05	-0.11	-0.05	-0.02	0.06	-0.21	-0.04	0.59	-0.29	-0.14	-0.03	-0.1	-0.33	0.13	-0.04		-0.12	-0.07	0.17
Good Will	0.99	0.63	0.98	0.95	0.99	0.9	0.94	0.87	0.99	0.87	0.88	0.74	0.94	0.96	-0.52	0.4	0.97	0.98	0.97	0.78	-0.68	0.97	-0.12		0.97	0.44
Property Plant And Equipment Gross	0.97	0.78	0.95	0.99	0.97	0.81	0.98	0.8	0.97	0.8	0.8	0.73	0.85	0.98	-0.44	0.22	0.91	0.96	0.93	0.72	-0.67	0.93	-0.07	0.97		0.41
Common Stock Total Equity	0.49	0.34	0.51	0.51	0.46	0.31	0.51	0.63	0.47	0.63	0.59	0.8	0.39	0.43	0.12	-0.07	0.45	0.53	0.48	0.46	0.08	0.49	0.17	0.44	0.41

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Thor Industries Account Relationship Matchups

Thor Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8B	6.7B	7.4B	7.3B	8.3B	8.8B
Other Current Liab	35.9M	25.7M	920.3M	912.8M	1.0B	1.1B
Total Current Liabilities	1.5B	1.8B	1.8B	1.7B	2.0B	2.1B
Total Stockholder Equity	2.3B	2.9B	3.6B	4.0B	4.6B	4.8B
Property Plant And Equipment Net	1.1B	1.2B	1.3B	1.4B	1.6B	1.7B
Net Debt	1.1B	1.1B	1.4B	861.4M	990.7M	1.0B
Retained Earnings	2.2B	2.8B	3.8B	4.1B	4.7B	4.9B
Cash	541.4M	445.9M	311.7M	441.2M	507.4M	532.8M
Non Current Assets Total	3.7B	3.9B	4.3B	4.5B	5.1B	5.4B
Cash And Short Term Investments	541.4M	445.9M	311.7M	441.2M	507.4M	532.8M
Net Receivables	814.2M	949.9M	944.2M	643.2M	739.7M	776.7M
Common Stock Shares Outstanding	55.4M	55.7M	55.3M	53.9M	61.9M	57.6M
Liabilities And Stockholders Equity	5.8B	6.7B	7.4B	7.3B	8.3B	8.8B
Non Current Liabilities Total	1.9B	1.9B	2.1B	1.6B	1.8B	1.9B
Inventory	716.3M	1.4B	1.8B	1.7B	1.9B	2.0B
Other Current Assets	30.4M	38.4M	52.0M	56.1M	64.5M	101.3M
Other Stockholder Equity	110.7M	100.3M	(63.9M)	(53.6M)	(48.3M)	(45.9M)
Total Liab	3.4B	3.7B	3.8B	3.3B	3.8B	4.0B
Total Current Assets	2.1B	2.8B	3.1B	2.8B	3.2B	3.4B
Intangible Assets	914.7M	937.2M	1.1B	997.0M	1.1B	1.2B
Short Long Term Debt Total	1.7B	1.6B	1.8B	1.3B	1.5B	1.6B
Short Term Debt	13.8M	12.4M	13.2M	11.4M	10.2M	9.7M
Accounts Payable	636.5M	915.0M	822.4M	736.3M	846.7M	889.1M
Non Currrent Assets Other	91.5M	123.8M	157.9M	149.4M	171.8M	180.4M
Good Will	1.5B	1.6B	1.8B	1.8B	2.1B	2.2B
Property Plant And Equipment Gross	1.1B	1.2B	1.8B	2.0B	2.3B	2.4B
Accumulated Other Comprehensive Income	27.0M	44.6M	(181.6M)	(68.5M)	(61.7M)	(58.6M)
Common Stock Total Equity	6.5M	6.5M	6.6M	6.6M	7.6M	5.8M
Common Stock	6.5M	6.6M	6.6M	6.6M	7.6M	5.8M
Other Liab	224.6M	316.4M	259.0M	230.1M	264.7M	277.9M
Other Assets	170.3M	165.0M	165.9M	155.1M	178.4M	187.3M
Treasury Stock	(348.1M)	(351.9M)	(360.2M)	(543.3M)	(489.0M)	(464.6M)
Property Plant Equipment	1.1B	1.2B	1.3B	1.4B	1.6B	1.7B
Net Tangible Assets	(71.5M)	421.4M	3.6B	1.2B	1.4B	1.4B
Long Term Debt	1.7B	1.6B	1.8B	1.3B	1.5B	1.6B
Retained Earnings Total Equity	2.0B	2.1B	2.2B	3.8B	4.4B	4.6B
Capital Surpluse	436.8M	460.5M	497.9M	539.0M	619.9M	354.7M
Deferred Long Term Liab	9.8M	7.0M	115.9M	2.7M	3.1M	3.0M
Long Term Investments	46.2M	0.0	10.8M	126.9M	145.9M	153.2M

Thor Industries Investors Sentiment

The influence of Thor Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Thor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Thor Industries' public news can be used to forecast risks associated with an investment in Thor. The trend in average sentiment can be used to explain how an investor holding Thor can time the market purely based on public headlines and social activities around Thor Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Thor Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Thor Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Thor Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Thor Industries.

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 Thor Industries 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, Thor Industries' short interest history, or implied volatility extrapolated from Thor Industries options trading.

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When determining whether Thor Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thor Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thor Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thor Industries Stock:

How To Invest In Thor

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Is Thor Stock a good investment?

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What is Thor Industries' Net Worth?

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Check out World Market Map 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 tightly coupled with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.

Note that the Thor Industries information on this page should be used as a complementary analysis to other Thor Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Thor Industries' price analysis, check to measure Thor Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thor Industries is operating at the current time. Most of Thor Industries' value examination focuses on studying past and present price action to predict the probability of Thor Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Industries' price. Additionally, you may evaluate how the addition of Thor Industries to your portfolios can decrease your overall portfolio volatility.

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Is Thor Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thor Industries. If investors know Thor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thor Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.74)

Dividend Share

1.86

Earnings Share

5.05

Revenue Per Share

194.511

Quarterly Revenue Growth

(0.06)

The market value of Thor Industries is measured differently than its book value, which is the value of Thor that is recorded on the company's balance sheet. Investors also form their own opinion of Thor Industries' value that differs from its market value or its book value, called intrinsic value, which is Thor Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thor Industries' market value can be influenced by many factors that don't directly affect Thor Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Thor Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Thor Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thor Industries' 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.

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Thor Net Income vs Cost of Revenue Analysis

Net Income vs Cost Of Revenue

Net Income vs Cost of Revenue Correlation Analysis

Correlation Coefficient

Net Income

Cost Of Revenue

Thor Industries fundamental ratios Correlations

Thor Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thor Industries fundamental ratios Accounts

Thor Industries Investors Sentiment

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets

Short Term Debt	- 0.73	Short Long Term Debt Total
Short Term Debt	- 0.72	Property Plant And Equipment Net
Short Term Debt	- 0.71	Total Liab
Short Term Debt	- 0.7	Intangible Assets
Short Term Debt	- 0.7	Non Current Assets Total
Short Term Debt	- 0.7	Net Debt