Tetra Asset Turnover vs Operating Income Analysis
TTI Stock | USD 4.34 0.09 2.03% |
Tetra Technologies financial indicator trend analysis is much more than just breaking down Tetra Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tetra Technologies is a good investment. Please check the relationship between Tetra Technologies Asset Turnover and its Operating Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tetra Technologies. 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. For more detail on how to invest in Tetra Stock please use our How to Invest in Tetra Technologies guide.
Asset Turnover vs Operating Income
Asset Turnover vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tetra Technologies Asset Turnover account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Tetra Technologies' Asset Turnover and Operating Income is 0.54. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Operating Income in the same time period over historical financial statements of Tetra Technologies, assuming nothing else is changed. The correlation between historical values of Tetra Technologies' Asset Turnover and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Tetra Technologies are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Asset Turnover i.e., Tetra Technologies' Asset Turnover and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Operating Income
Operating Income is the amount of profit realized from Tetra Technologies 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 Tetra Technologies 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.Most indicators from Tetra Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tetra Technologies 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 Tetra Technologies. 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. For more detail on how to invest in Tetra Stock please use our How to Invest in Tetra Technologies guide.As of now, Tetra Technologies' Enterprise Value is increasing as compared to previous years.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 16.4M | 15.8M | 22.3M | 18.1M | Depreciation And Amortization | 33.5M | 32.8M | 34.3M | 67.3M |
Tetra Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Tetra Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tetra Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.3B | 1.1B | 398.3M | 434.4M | 499.5M | 806.7M | |
Short Long Term Debt Total | 896.8M | 237.5M | 191.5M | 192.4M | 196.8M | 287.8M | |
Other Current Liab | 74.1M | 764.0M | 1.4M | 65.3M | 60.6M | 86.7M | |
Total Current Liabilities | 188.7M | 798.1M | 97.1M | 124.3M | 126.0M | 151.2M | |
Total Stockholder Equity | 162.8M | 71.1M | 99.7M | 107.6M | 148.6M | 277.6M | |
Property Plant And Equipment Net | 758.6M | 96.9M | 125.9M | 135.4M | 139.6M | 132.6M | |
Net Debt | 879.1M | 170.2M | 159.9M | 178.8M | 144.3M | 258.9M | |
Retained Earnings | (362.5M) | (413.7M) | (310.3M) | (302.5M) | (276.7M) | (262.9M) | |
Cash | 17.7M | 67.3M | 31.6M | 13.6M | 52.5M | 28.9M | |
Non Current Assets Total | 920.6M | 201.3M | 187.9M | 195.9M | 217.5M | 206.6M | |
Non Currrent Assets Other | 161.9M | 104.4M | 12.1M | 11.2M | 10.8M | 10.3M | |
Cash And Short Term Investments | 17.7M | 67.3M | 31.6M | 13.6M | 52.5M | 28.9M | |
Net Receivables | 176.5M | 64.1M | 91.2M | 129.6M | 111.8M | 121.6M | |
Common Stock Shares Outstanding | 125.6M | 125.8M | 126.6M | 129.8M | 131.2M | 86.9M | |
Liabilities And Stockholders Equity | 1.3B | 1.1B | 398.3M | 434.4M | 499.5M | 806.7M | |
Non Current Liabilities Total | 920.4M | 263.7M | 202.6M | 203.7M | 226.2M | 361.6M | |
Inventory | 136.5M | 76.7M | 69.1M | 72.1M | 96.5M | 79.4M | |
Other Current Assets | 20.6M | 13.6M | 18.5M | 23.1M | 21.2M | 18.9M | |
Other Stockholder Equity | 576.2M | 533.4M | 455.7M | 457.9M | 469.2M | 492.7M | |
Total Liab | 1.1B | 1.1B | 299.7M | 328.0M | 352.2M | 512.8M | |
Property Plant And Equipment Gross | 826.8M | 140.3M | 454.9M | 135.4M | 447.6M | 437.7M | |
Total Current Assets | 351.4M | 931.5M | 210.4M | 238.4M | 282.0M | 282.4M | |
Accumulated Other Comprehensive Income | (52.2M) | (49.9M) | (46.9M) | (49.1M) | (45.2M) | (43.0M) | |
Short Term Debt | 15.9M | 8.8M | 8.1M | 7.8M | 9.9M | 5.0M | |
Intangible Assets | 74.2M | 41.5M | 37.0M | 33.0M | 29.1M | 33.1M | |
Accounts Payable | 88.9M | 22.6M | 37.9M | 49.1M | 52.3M | 52.2M | |
Common Stock Total Equity | 1.3M | 1.3M | 1.3M | 1.3M | 1.5M | 802.8K | |
Common Stock | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 855.1K | |
Other Liab | 23.6M | 26.2M | 19.2M | 19.1M | 17.2M | 16.4M | |
Other Assets | 19.6M | 104.4M | 13.7M | 10.4M | 12.0M | 11.4M | |
Long Term Debt | 842.9M | 199.9M | 151.9M | 156.5M | 157.5M | 149.6M | |
Treasury Stock | (19.0M) | (19.2M) | (19.5M) | (20.0M) | (18.0M) | (18.9M) | |
Property Plant Equipment | 758.6M | 96.9M | 125.9M | 135.4M | 155.7M | 147.9M | |
Current Deferred Revenue | 9.8M | 2.7M | 49.7M | 2.0M | 3.1M | 2.9M | |
Net Tangible Assets | (39.8M) | (51.1M) | 62.7M | 74.7M | 67.2M | 118.0M | |
Noncontrolling Interest In Consolidated Entity | 139.3M | 128.5M | 80.7M | (1.1M) | (1.3M) | (1.2M) | |
Retained Earnings Total Equity | (218.0M) | (362.5M) | (413.7M) | (310.3M) | (279.3M) | (265.3M) |
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When determining whether Tetra Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tetra Technologies' 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 Tetra Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tetra Technologies Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tetra Technologies. 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. For more detail on how to invest in Tetra Stock please use our How to Invest in Tetra Technologies guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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When running Tetra Technologies' price analysis, check to measure Tetra 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 Tetra Technologies is operating at the current time. Most of Tetra Technologies' value examination focuses on studying past and present price action to predict the probability of Tetra Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tetra Technologies' price. Additionally, you may evaluate how the addition of Tetra Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Tetra 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 Tetra Technologies. If investors know Tetra 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 Tetra 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 17.316 | Earnings Share 0.2 | Revenue Per Share 4.833 | Quarterly Revenue Growth 0.039 | Return On Assets 0.0616 |
The market value of Tetra Technologies is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Technologies' value that differs from its market value or its book value, called intrinsic value, which is Tetra 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 Tetra Technologies' market value can be influenced by many factors that don't directly affect Tetra 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 Tetra Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra 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.