Tenaris Operating Income vs Research Development Analysis

TS Stock

USD 35.34 0.21 0.60%

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

Operating Income vs Research Development

Operating Income vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenaris SA ADR Operating Income account and Research Development. At this time, the significance of the direction appears to have no relationship.

The correlation between Tenaris SA's Operating Income and Research Development is 0.04. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Research Development in the same time period over historical financial statements of Tenaris SA ADR, assuming nothing else is changed. The correlation between historical values of Tenaris SA's Operating Income and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Tenaris SA ADR are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Operating Income i.e., Tenaris SA's Operating Income and Research Development go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Tenaris SA ADR operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Tenaris SA ADR is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Research Development

Most indicators from Tenaris SA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenaris SA ADR 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 Tenaris SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

At this time, Tenaris SA's Discontinued Operations is comparatively stable compared to the past year. Tax Provision is likely to gain to about 1.2 B in 2024, whereas Selling General Administrative is likely to drop slightly above 872.6 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.9B	4.7B	6.2B	3.1B
Total Revenue	6.5B	11.8B	14.9B	8.3B

Gross Profit Total Revenue

Tenaris SA fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Current Assets	Short Long Term Debt Total	Net Debt	Retained Earnings	Cash And Short Term Investments	Net Receivables
Total Assets		0.8	0.77	0.98	0.33	0.74	0.49	0.45	-0.35	0.62	0.85	0.41	0.72	0.17	0.68	0.66	0.92	-0.41	0.78	0.17	0.92	0.15	-0.3	0.96	0.56	0.77
Other Current Liab	0.8		0.9	0.69	-0.11	0.86	0.59	0.09	-0.22	0.52	0.87	0.36	0.84	0.34	0.19	0.16	0.55	-0.5	0.5	0.36	0.93	0.17	-0.43	0.66	0.6	0.92
Total Current Liabilities	0.77	0.9		0.64	-0.11	0.87	0.53	0.07	-0.17	0.59	0.87	0.49	0.92	0.35	0.14	0.12	0.51	-0.35	0.51	0.34	0.9	0.45	-0.23	0.6	0.52	0.92
Total Stockholder Equity	0.98	0.69	0.64		0.45	0.65	0.42	0.52	-0.42	0.54	0.79	0.36	0.59	0.06	0.8	0.78	0.95	-0.34	0.78	0.02	0.85	0.03	-0.28	0.99	0.49	0.67
Other Liab	0.33	-0.11	-0.11	0.45		-0.14	-0.01	0.3	-0.43	-0.07	-0.01	0.05	-0.18	-0.36	0.73	0.73	0.49	0.02	0.38	-0.35	0.13	-0.25	-0.07	0.5	0.31	-0.16
Accounts Payable	0.74	0.86	0.87	0.65	-0.14		0.46	0.06	-0.27	0.41	0.96	0.29	0.74	0.24	0.2	0.17	0.5	-0.32	0.45	0.08	0.86	0.07	-0.36	0.63	0.31	0.92
Cash	0.49	0.59	0.53	0.42	-0.01	0.46		0.01	-0.27	0.18	0.53	0.21	0.38	-0.05	0.22	0.21	0.35	-0.74	0.45	0.17	0.59	0.24	-0.84	0.43	0.67	0.53
Other Assets	0.45	0.09	0.07	0.52	0.3	0.06	0.01		-0.42	0.56	0.14	-0.04	0.04	0.13	0.63	0.66	0.7	-0.02	0.72	-0.11	0.15	-0.03	0.04	0.51	0.15	0.0
Long Term Debt	-0.35	-0.22	-0.17	-0.42	-0.43	-0.27	-0.27	-0.42		-0.06	-0.29	0.18	0.13	0.23	-0.51	-0.52	-0.37	0.05	-0.4	0.66	-0.3	0.52	0.52	-0.46	-0.34	-0.17
Good Will	0.62	0.52	0.59	0.54	-0.07	0.41	0.18	0.56	-0.06		0.45	0.2	0.67	0.74	0.21	0.22	0.64	-0.3	0.71	0.48	0.5	0.46	0.15	0.46	0.25	0.5
Inventory	0.85	0.87	0.87	0.79	-0.01	0.96	0.53	0.14	-0.29	0.45		0.28	0.75	0.17	0.37	0.34	0.64	-0.36	0.54	0.07	0.92	0.09	-0.4	0.77	0.35	0.94
Other Current Assets	0.41	0.36	0.49	0.36	0.05	0.29	0.21	-0.04	0.18	0.2	0.28		0.52	-0.11	0.14	0.13	0.31	-0.18	0.26	0.35	0.45	0.5	0.08	0.36	0.43	0.37
Total Liab	0.72	0.84	0.92	0.59	-0.18	0.74	0.38	0.04	0.13	0.67	0.75	0.52		0.53	0.05	0.02	0.49	-0.3	0.41	0.61	0.83	0.58	-0.01	0.53	0.42	0.84
Intangible Assets	0.17	0.34	0.35	0.06	-0.36	0.24	-0.05	0.13	0.23	0.74	0.17	-0.11	0.53		-0.3	-0.31	0.12	-0.14	0.17	0.58	0.18	0.34	0.26	-0.04	-0.07	0.28
Property Plant Equipment	0.68	0.19	0.14	0.8	0.73	0.2	0.22	0.63	-0.51	0.21	0.37	0.14	0.05	-0.3		1.0	0.85	-0.2	0.67	-0.36	0.42	-0.19	-0.21	0.84	0.29	0.15
Property Plant And Equipment Net	0.66	0.16	0.12	0.78	0.73	0.17	0.21	0.66	-0.52	0.22	0.34	0.13	0.02	-0.31	1.0		0.84	-0.19	0.7	-0.37	0.38	-0.18	-0.21	0.82	0.29	0.12
Non Current Assets Total	0.92	0.55	0.51	0.95	0.49	0.5	0.35	0.7	-0.37	0.64	0.64	0.31	0.49	0.12	0.85	0.84		-0.36	0.89	0.07	0.7	0.1	-0.18	0.94	0.46	0.5
Non Currrent Assets Other	-0.41	-0.5	-0.35	-0.34	0.02	-0.32	-0.74	-0.02	0.05	-0.3	-0.36	-0.18	-0.3	-0.14	-0.2	-0.19	-0.36		-0.49	-0.32	-0.41	-0.2	0.62	-0.33	-0.54	-0.36
Common Stock Shares Outstanding	0.78	0.5	0.51	0.78	0.38	0.45	0.45	0.72	-0.4	0.71	0.54	0.26	0.41	0.17	0.67	0.7	0.89	-0.49		0.11	0.58	0.21	-0.26	0.76	0.56	0.45
Non Current Liabilities Total	0.17	0.36	0.34	0.02	-0.35	0.08	0.17	-0.11	0.66	0.48	0.07	0.35	0.61	0.58	-0.36	-0.37	0.07	-0.32	0.11		0.24	0.68	0.2	-0.04	0.33	0.26
Total Current Assets	0.92	0.93	0.9	0.85	0.13	0.86	0.59	0.15	-0.3	0.5	0.92	0.45	0.83	0.18	0.42	0.38	0.7	-0.41	0.58	0.24		0.18	-0.4	0.83	0.61	0.92
Short Long Term Debt Total	0.15	0.17	0.45	0.03	-0.25	0.07	0.24	-0.03	0.52	0.46	0.09	0.5	0.58	0.34	-0.19	-0.18	0.1	-0.2	0.21	0.68	0.18		0.3	-0.03	0.22	0.22
Net Debt	-0.3	-0.43	-0.23	-0.28	-0.07	-0.36	-0.84	0.04	0.52	0.15	-0.4	0.08	-0.01	0.26	-0.21	-0.21	-0.18	0.62	-0.26	0.2	-0.4	0.3		-0.33	-0.54	-0.35
Retained Earnings	0.96	0.66	0.6	0.99	0.5	0.63	0.43	0.51	-0.46	0.46	0.77	0.36	0.53	-0.04	0.84	0.82	0.94	-0.33	0.76	-0.04	0.83	-0.03	-0.33		0.51	0.63
Cash And Short Term Investments	0.56	0.6	0.52	0.49	0.31	0.31	0.67	0.15	-0.34	0.25	0.35	0.43	0.42	-0.07	0.29	0.29	0.46	-0.54	0.56	0.33	0.61	0.22	-0.54	0.51		0.4
Net Receivables	0.77	0.92	0.92	0.67	-0.16	0.92	0.53	0.0	-0.17	0.5	0.94	0.37	0.84	0.28	0.15	0.12	0.5	-0.36	0.45	0.26	0.92	0.22	-0.35	0.63	0.4

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Tenaris SA Account Relationship Matchups

Tenaris SA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.8B	13.7B	14.4B	17.6B	21.1B	13.8B
Other Current Liab	322.7M	308.9M	367.9M	655.2M	957.8M	587.6M
Total Current Liabilities	1.8B	1.2B	1.6B	2.8B	2.9B	2.3B
Total Stockholder Equity	12.0B	11.3B	12.0B	13.9B	16.8B	9.6B
Other Liab	643.0M	573.7M	590.0M	597.3M	686.9M	480.3M
Accounts Payable	555.9M	462.1M	845.3M	1.2B	1.1B	779.6M
Cash	1.6B	584.7M	318.1M	1.1B	1.6B	1.7B
Other Assets	382.8M	359.9M	458.5M	208.9M	240.2M	327.3M
Long Term Debt	40.9M	315.7M	111.4M	46.4M	48.3M	45.9M
Good Will	1.3B	1.1B	1.1B	1.1B	1.1B	1.3B
Inventory	2.3B	1.6B	2.7B	4.0B	4.0B	2.4B
Other Current Assets	75.9M	87.3M	65.9M	130.8M	166.5M	120.1M
Total Liab	2.7B	2.3B	2.3B	3.5B	4.1B	2.8B
Intangible Assets	241.3M	343.1M	287.5M	247.5M	273.4M	259.7M
Property Plant Equipment	6.3B	6.4B	5.9B	5.7B	6.5B	4.5B
Property Plant And Equipment Net	6.3B	6.4B	5.9B	5.7B	6.2B	4.8B
Non Current Assets Total	9.2B	9.4B	9.5B	9.1B	10.6B	8.2B
Non Currrent Assets Other	157.1M	154.3M	213.0M	211.7M	80.5M	76.5M
Liabilities And Stockholders Equity	14.8B	13.7B	14.4B	17.6B	21.1B	14.2B
Non Current Liabilities Total	876.2M	1.1B	784.1M	727.4M	1.1B	1.2B
Total Current Assets	5.7B	4.3B	5.0B	8.5B	10.5B	6.0B
Short Long Term Debt Total	1.1B	876.4M	448.2M	840.9M	717.9M	1.1B
Net Debt	(502.0M)	291.7M	130.1M	(250.6M)	(920.0M)	(874.0M)
Retained Earnings	11.4B	10.7B	11.4B	13.5B	16.7B	9.1B
Cash And Short Term Investments	1.8B	1.5B	716.0M	1.5B	3.6B	3.8B
Net Receivables	1.6B	1.1B	1.5B	2.8B	2.8B	1.9B
Property Plant And Equipment Gross	6.3B	6.4B	14.7B	14.6B	15.6B	16.4B
Accumulated Other Comprehensive Income	(1.2B)	(1.2B)	(1.3B)	(1.3B)	(1.5B)	(1.4B)
Short Term Debt	819.1M	346.8M	254.1M	710.9M	573.0M	616.8M
Short Term Investments	210.4M	872.5M	397.8M	438.4M	2.0B	2.1B
Current Deferred Revenue	82.7M	48.7M	92.4M	242.9M	263.7M	276.8M
Net Tangible Assets	10.4B	9.8B	10.6B	12.6B	14.5B	11.2B
Long Term Investments	904.9M	1.2B	1.7B	1.7B	2.0B	1.2B
Short Long Term Debt	14K	98K	60K	94K	21.2M	20.2M
Long Term Debt Total	233.2M	529.6M	194.1M	130.0M	149.6M	193.3M

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When determining whether Tenaris SA ADR is a strong investment it is important to analyze Tenaris SA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tenaris SA's future performance. For an informed investment choice regarding Tenaris Stock, refer to the following important reports:

How To Invest In Tenaris

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Is Tenaris Stock a good investment?

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What is Tenaris SA's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaris SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Tenaris SA's price analysis, check to measure Tenaris SA's 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 Tenaris SA is operating at the current time. Most of Tenaris SA's value examination focuses on studying past and present price action to predict the probability of Tenaris SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenaris SA's price. Additionally, you may evaluate how the addition of Tenaris SA to your portfolios can decrease your overall portfolio volatility.

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Is Tenaris SA's 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 Tenaris SA. If investors know Tenaris 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 Tenaris SA 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

(0.34)

Dividend Share

0.6

Earnings Share

Revenue Per Share

12.073

Quarterly Revenue Growth

(0.17)

The market value of Tenaris SA ADR is measured differently than its book value, which is the value of Tenaris that is recorded on the company's balance sheet. Investors also form their own opinion of Tenaris SA's value that differs from its market value or its book value, called intrinsic value, which is Tenaris SA's 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 Tenaris SA's market value can be influenced by many factors that don't directly affect Tenaris SA's 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 Tenaris SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenaris SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenaris SA'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.

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Tenaris Operating Income vs Research Development Analysis

Operating Income vs Research Development

Operating Income vs Research Development Correlation Analysis

Correlation Coefficient

Operating Income

Research Development

Tenaris SA fundamental ratios Correlations

Tenaris SA Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tenaris SA fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Property Plant Equipment
Retained Earnings	+ 0.99	Total Stockholder Equity
Total Stockholder Equity	+ 0.98	Total Assets
Retained Earnings	+ 0.96	Total Assets
Inventory	+ 0.96	Accounts Payable
Non Current Assets Total	+ 0.95	Total Stockholder Equity

Net Debt	- 0.84	Cash
Non Currrent Assets Other	- 0.74	Cash
Cash And Short Term Investments	- 0.54	Net Debt
Cash And Short Term Investments	- 0.54	Non Currrent Assets Other
Property Plant And Equipment Net	- 0.52	Long Term Debt
Property Plant Equipment	- 0.51	Long Term Debt