TCPLPACK | | | 3,219 13.75 0.43% |
TCPL Packaging financial indicator trend analysis is much more than just breaking down TCPL Packaging prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TCPL Packaging is a good investment. Please check the relationship between TCPL Packaging Gross Profit and its Net Income From Continuing Ops accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in TCPL Packaging Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
Gross Profit vs Net Income From Continuing Ops
Gross Profit vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
TCPL Packaging Gross Profit account and
Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong relationship.
The correlation between TCPL Packaging's Gross Profit and Net Income From Continuing Ops is 0.68. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of TCPL Packaging Limited, assuming nothing else is changed. The correlation between historical values of TCPL Packaging's Gross Profit and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of TCPL Packaging Limited are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Gross Profit i.e., TCPL Packaging's Gross Profit and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.68 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of TCPL Packaging Limited minus its cost of goods sold. It is profit before TCPL Packaging operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Net Income From Continuing Ops
Most indicators from TCPL Packaging's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TCPL Packaging 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 TCPL Packaging Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
The current year's
Selling General Administrative is expected to grow to about 488.6
M, whereas
Tax Provision is forecasted to decline to about 201.9
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 2.9B | 5.5B | 2.6B | 2.2B | Total Revenue | 10.7B | 14.4B | 15.4B | 16.2B |
TCPL Packaging fundamental ratios Correlations
Click cells to compare fundamentals
TCPL Packaging Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TCPL Packaging fundamental ratios Accounts
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Other Information on Investing in TCPL Stock
Balance Sheet is a snapshot of the
financial position of TCPL Packaging at a specified time, usually calculated after every quarter, six months, or one year. TCPL Packaging Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TCPL Packaging and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which TCPL currently owns. An asset can also be divided into two categories, current and non-current.