Trane Retained Earnings vs Inventory Analysis

TT Stock

USD 332.92 0.61 0.18%

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

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trane Technologies plc Retained Earnings account and Inventory. At this time, the significance of the direction appears to have strong relationship.

The correlation between Trane Technologies' Retained Earnings and Inventory is 0.79. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Inventory in the same time period over historical financial statements of Trane Technologies plc, assuming nothing else is changed. The correlation between historical values of Trane Technologies' Retained Earnings and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Trane Technologies plc are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Retained Earnings i.e., Trane Technologies' Retained Earnings and Inventory go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Inventory

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

At this time, Trane Technologies' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 19.69 in 2024, whereas Tax Provision is likely to drop slightly above 375.5 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	14.1B	16.0B	17.7B	10.6B
Depreciation And Amortization	300.5M	300.3M	348.1M	272.6M

Total Revenue Depreciation And Amortization

Trane Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Short Term Debt	Accounts Payable	Intangible Assets	Short Term Investments	Common Stock	Current Deferred Revenue
Total Assets		0.88	0.89	0.86	0.97	0.93	0.72	0.87	0.49	0.98	0.21	0.49	0.91	-0.32	0.95	0.68	0.62	-0.16	0.99	0.9	0.5	0.72	0.91	0.85	-0.82	-0.36
Short Long Term Debt Total	0.88		0.74	0.85	0.77	0.75	0.79	0.91	0.61	0.8	0.53	0.61	0.89	-0.63	0.84	0.72	0.28	-0.5	0.92	0.93	0.39	0.84	0.67	0.73	-0.94	-0.45
Other Current Liab	0.89	0.74		0.67	0.91	0.88	0.63	0.79	0.38	0.9	0.13	0.38	0.77	-0.15	0.86	0.5	0.56	-0.04	0.85	0.73	0.39	0.51	0.84	0.68	-0.64	-0.35
Total Current Liabilities	0.86	0.85	0.67		0.79	0.82	0.81	0.86	0.34	0.79	0.37	0.34	0.96	-0.56	0.68	0.91	0.58	-0.44	0.88	0.89	0.67	0.93	0.64	0.75	-0.85	-0.2
Total Stockholder Equity	0.97	0.77	0.91	0.79		0.92	0.62	0.83	0.45	0.97	0.07	0.45	0.86	-0.23	0.9	0.6	0.68	-0.08	0.93	0.84	0.48	0.63	0.92	0.84	-0.72	-0.4
Property Plant And Equipment Net	0.93	0.75	0.88	0.82	0.92		0.82	0.8	0.17	0.95	0.15	0.17	0.9	-0.3	0.84	0.74	0.71	-0.14	0.9	0.75	0.49	0.69	0.91	0.86	-0.72	-0.26
Net Debt	0.72	0.79	0.63	0.81	0.62	0.82		0.77	-0.01	0.72	0.42	-0.01	0.87	-0.55	0.63	0.87	0.38	-0.41	0.76	0.63	0.39	0.81	0.59	0.61	-0.78	-0.14
Retained Earnings	0.87	0.91	0.79	0.86	0.83	0.8	0.77		0.49	0.79	0.43	0.49	0.94	-0.67	0.75	0.79	0.36	-0.56	0.87	0.91	0.38	0.87	0.65	0.71	-0.92	-0.53
Cash	0.49	0.61	0.38	0.34	0.45	0.17	-0.01	0.49		0.38	0.33	1.0	0.33	-0.32	0.55	0.04	-0.03	-0.27	0.51	0.69	0.13	0.32	0.33	0.41	-0.52	-0.54
Non Current Assets Total	0.98	0.8	0.9	0.79	0.97	0.95	0.72	0.79	0.38		0.1	0.38	0.86	-0.19	0.95	0.62	0.65	-0.02	0.97	0.8	0.48	0.63	0.95	0.83	-0.73	-0.29
Non Currrent Assets Other	0.21	0.53	0.13	0.37	0.07	0.15	0.42	0.43	0.33	0.1		0.33	0.38	-0.66	0.18	0.41	-0.08	-0.72	0.28	0.43	-0.03	0.56	-0.05	0.17	-0.48	-0.13
Cash And Short Term Investments	0.49	0.61	0.38	0.34	0.45	0.17	-0.01	0.49	1.0	0.38	0.33		0.33	-0.32	0.55	0.04	-0.03	-0.28	0.51	0.69	0.13	0.32	0.33	0.41	-0.52	-0.54
Net Receivables	0.91	0.89	0.77	0.96	0.86	0.9	0.87	0.94	0.33	0.86	0.38	0.33		-0.58	0.76	0.91	0.56	-0.45	0.91	0.9	0.5	0.92	0.72	0.78	-0.9	-0.35
Common Stock Shares Outstanding	-0.32	-0.63	-0.15	-0.56	-0.23	-0.3	-0.55	-0.67	-0.32	-0.19	-0.66	-0.32	-0.58		-0.19	-0.65	0.09	0.95	-0.37	-0.58	-0.19	-0.76	-0.09	-0.44	0.73	0.46
Non Current Liabilities Total	0.95	0.84	0.86	0.68	0.9	0.84	0.63	0.75	0.55	0.95	0.18	0.55	0.76	-0.19		0.47	0.48	-0.01	0.95	0.8	0.31	0.54	0.91	0.78	-0.75	-0.37
Inventory	0.68	0.72	0.5	0.91	0.6	0.74	0.87	0.79	0.04	0.62	0.41	0.04	0.91	-0.65	0.47		0.49	-0.54	0.7	0.72	0.48	0.93	0.45	0.6	-0.81	-0.14
Other Current Assets	0.62	0.28	0.56	0.58	0.68	0.71	0.38	0.36	-0.03	0.65	-0.08	-0.03	0.56	0.09	0.48	0.49		0.18	0.57	0.46	0.5	0.37	0.67	0.62	-0.31	0.03
Other Stockholder Equity	-0.16	-0.5	-0.04	-0.44	-0.08	-0.14	-0.41	-0.56	-0.27	-0.02	-0.72	-0.28	-0.45	0.95	-0.01	-0.54	0.18		-0.2	-0.46	-0.11	-0.68	0.09	-0.26	0.57	0.49
Total Liab	0.99	0.92	0.85	0.88	0.93	0.9	0.76	0.87	0.51	0.97	0.28	0.51	0.91	-0.37	0.95	0.7	0.57	-0.2		0.91	0.5	0.76	0.87	0.84	-0.86	-0.33
Total Current Assets	0.9	0.93	0.73	0.89	0.84	0.75	0.63	0.91	0.69	0.8	0.43	0.69	0.9	-0.58	0.8	0.72	0.46	-0.46	0.91		0.47	0.85	0.68	0.78	-0.91	-0.48
Short Term Debt	0.5	0.39	0.39	0.67	0.48	0.49	0.39	0.38	0.13	0.48	-0.03	0.13	0.5	-0.19	0.31	0.48	0.5	-0.11	0.5	0.47		0.49	0.45	0.5	-0.32	0.14
Accounts Payable	0.72	0.84	0.51	0.93	0.63	0.69	0.81	0.87	0.32	0.63	0.56	0.32	0.92	-0.76	0.54	0.93	0.37	-0.68	0.76	0.85	0.49		0.45	0.65	-0.88	-0.3
Intangible Assets	0.91	0.67	0.84	0.64	0.92	0.91	0.59	0.65	0.33	0.95	-0.05	0.33	0.72	-0.09	0.91	0.45	0.67	0.09	0.87	0.68	0.45	0.45		0.88	-0.6	-0.31
Short Term Investments	0.85	0.73	0.68	0.75	0.84	0.86	0.61	0.71	0.41	0.83	0.17	0.41	0.78	-0.44	0.78	0.6	0.62	-0.26	0.84	0.78	0.5	0.65	0.88		-0.73	-0.39
Common Stock	-0.82	-0.94	-0.64	-0.85	-0.72	-0.72	-0.78	-0.92	-0.52	-0.73	-0.48	-0.52	-0.9	0.73	-0.75	-0.81	-0.31	0.57	-0.86	-0.91	-0.32	-0.88	-0.6	-0.73		0.47
Current Deferred Revenue	-0.36	-0.45	-0.35	-0.2	-0.4	-0.26	-0.14	-0.53	-0.54	-0.29	-0.13	-0.54	-0.35	0.46	-0.37	-0.14	0.03	0.49	-0.33	-0.48	0.14	-0.3	-0.31	-0.39	0.47

Click cells to compare fundamentals

Trane Technologies Account Relationship Matchups

Trane Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.5B	18.2B	18.1B	18.1B	19.4B	12.8B
Short Long Term Debt Total	5.6B	5.3B	4.8B	4.8B	4.8B	3.0B
Other Current Liab	2.4B	2.0B	1.5B	1.5B	2.0B	1.3B
Total Current Liabilities	4.9B	4.3B	4.5B	5.7B	6.1B	3.2B
Total Stockholder Equity	7.3B	6.4B	6.3B	6.1B	7.0B	4.9B
Property Plant And Equipment Net	1.8B	1.3B	1.4B	1.5B	1.8B	1.4B
Net Debt	4.3B	2.0B	2.7B	3.6B	3.7B	2.0B
Retained Earnings	9.7B	8.5B	8.4B	8.3B	9.1B	5.1B
Cash	1.3B	3.3B	2.2B	1.2B	1.1B	936.6M
Non Current Assets Total	14.3B	11.3B	11.6B	11.7B	12.5B	8.4B
Non Currrent Assets Other	1.5B	1.3B	1.4B	478.9M	1.2B	644.1M
Cash And Short Term Investments	1.3B	3.3B	2.2B	1.2B	1.1B	944.8M
Net Receivables	2.8B	2.2B	2.4B	2.8B	3.0B	1.8B
Common Stock Shares Outstanding	244.4M	243.1M	242.3M	234.9M	230.7M	244.9M
Liabilities And Stockholders Equity	20.5B	18.2B	18.1B	18.1B	19.4B	12.8B
Non Current Liabilities Total	8.3B	7.4B	7.3B	6.3B	6.3B	4.6B
Inventory	1.7B	1.2B	1.5B	2.0B	2.2B	1.2B
Other Current Assets	403.3M	224.4M	351.5M	384.8M	665.7M	425.5M
Other Stockholder Equity	(1.7B)	(1.7B)	(1.7B)	(1.7B)	(1.7B)	(1.6B)
Total Liab	13.2B	11.7B	11.8B	12.0B	12.4B	7.8B
Total Current Assets	6.2B	6.9B	6.5B	6.4B	6.9B	4.4B
Short Term Debt	650.5M	775.6M	350.4M	1.0B	801.9M	709.6M
Accounts Payable	1.8B	1.5B	1.8B	2.1B	2.0B	1.3B
Intangible Assets	4.1B	3.3B	3.3B	3.3B	3.4B	3.5B
Accumulated Other Comprehensive Income	(1.0B)	(631.5M)	(637.6M)	(766.2M)	(670.8M)	(704.3M)
Common Stock	262.8M	263.3M	259.7M	253.3M	251.7M	297.5M
Current Deferred Revenue	682M	578M	805.4M	1.0B	1.2B	849.0M
Good Will	6.8B	5.3B	5.5B	5.5B	6.1B	6.3B
Property Plant And Equipment Gross	1.8B	1.3B	3.2B	3.4B	3.8B	4.0B
Other Assets	927.8M	1.3B	1.4B	1.4B	1.6B	1.2B
Long Term Debt	4.9B	4.5B	4.5B	3.8B	4.0B	4.4B
Long Term Debt Total	4.9B	4.5B	4.5B	3.8B	4.4B	4.4B
Property Plant Equipment	1.8B	1.8B	1.4B	1.5B	1.4B	1.3B
Other Liab	2.7B	2.6B	2.8B	2.2B	2.0B	2.2B
Net Tangible Assets	(1.2B)	(2.2B)	(2.5B)	(2.7B)	(3.1B)	(3.2B)
Short Long Term Debt	650.5M	775.6M	350.4M	1.0B	801.9M	748.7M
Non Current Liabilities Other	1.5B	2.9B	2.8B	2.5B	1.0B	1.9B

Pair Trading with Trane Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trane Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trane Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Trane Stock

0.89	OC	Owens Corning	Pair Corr
0.92	DOOR	Masonite International	Pair Corr
0.71	VKSC	Viskase Companies	Pair Corr

Moving against Trane Stock

0.66	FBIN	Fortune Brands Innov	Pair Corr
0.65	JBI	Janus International	Pair Corr
0.63	MAS	Masco Sell-off Trend	Pair Corr
0.52	AWI	Armstrong World Indu	Pair Corr
0.43	APT	Alpha Pro Tech	Pair Corr

The ability to find closely correlated positions to Trane Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trane Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trane Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trane Technologies plc to buy it.

The correlation of Trane Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trane Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trane Technologies plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Trane Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Trane Technologies plc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Trane Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Trane Technologies Plc Stock. Highlighted below are key reports to facilitate an investment decision about Trane Technologies Plc Stock:

How To Invest In Trane

Details

Is Trane Stock a good investment?

Details

What is Trane Technologies' Net Worth?

Details

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

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Trane Stock analysis

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

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Is Trane Technologies' 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 Trane Technologies. If investors know Trane 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 Trane Technologies 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

0.43

Dividend Share

3.09

Earnings Share

9.47

Revenue Per Share

79.9

Quarterly Revenue Growth

0.15

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

Retained Earnings vs Inventory

Retained Earnings vs Inventory Correlation Analysis

Correlation Coefficient

Retained Earnings

Inventory

Trane Technologies fundamental ratios Correlations

Trane Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Trane Technologies fundamental ratios Accounts

Pair Trading with Trane Technologies

Moving together with Trane Stock

Moving against Trane Stock

Complementary Tools for Trane Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Total Stockholder Equity	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Stockholder Equity
Total Liab	+ 0.97	Non Current Assets Total

Common Stock	- 0.94	Short Long Term Debt Total
Common Stock	- 0.92	Retained Earnings
Common Stock	- 0.91	Total Current Assets
Common Stock	- 0.9	Net Receivables
Common Stock	- 0.88	Accounts Payable
Common Stock	- 0.86	Total Liab