Tecnoglass Gross Profit vs Non Recurring Analysis

TGLS Stock  USD 74.28  0.17  0.23%   
Tecnoglass financial indicator trend analysis is much more than just breaking down Tecnoglass prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tecnoglass is a good investment. Please check the relationship between Tecnoglass Gross Profit and its Non Recurring accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tecnoglass. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Tecnoglass Stock please use our How to Invest in Tecnoglass guide.

Gross Profit vs Non Recurring

JavaScript chart by amCharts 3.21.1520162018202020222024100M150M200M250M300M350M400M 1.6M1.8M2M2.2M2.4M2.6M2.8M3M3.2M3.4M3.6M3.8M4M4.2M4.4M
JavaScript chart by amCharts 3.21.15Gross Profittotal: 2.6BNon Recurringtotal: 36.1M

Gross Profit vs Non Recurring Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tecnoglass Gross Profit account and Non Recurring. At this time, the significance of the direction appears to have fragmental relationship.
Gross ProfitNon RecurringDiversified AwayGross ProfitNon RecurringDiversified Away100%
The correlation between Tecnoglass' Gross Profit and Non Recurring is 0.52. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Tecnoglass, assuming nothing else is changed. The correlation between historical values of Tecnoglass' Gross Profit and Non Recurring 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 Tecnoglass are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Gross Profit i.e., Tecnoglass' Gross Profit and Non Recurring go up and down completely randomly.

Correlation Coefficient

0.52
Relationship DirectionPositive 
Relationship StrengthWeak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Tecnoglass minus its cost of goods sold. It is profit before Tecnoglass 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.

Non Recurring

Most indicators from Tecnoglass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tecnoglass 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 Tecnoglass. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Tecnoglass Stock please use our How to Invest in Tecnoglass guide.At this time, Tecnoglass' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 108.6 M in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.06 in 2025.
 2022 2023 2024 2025 (projected)
Interest Expense8.2M13.3M15.3M15.2M
Depreciation And Amortization17.9M19.7M22.6M18.0M

Tecnoglass fundamental ratios Correlations

0.610.930.970.960.040.890.840.971.00.690.970.850.770.890.820.670.80.950.770.831.0-0.220.820.9-0.46
0.610.540.40.470.80.220.730.470.610.620.470.680.80.230.830.940.760.430.770.880.60.130.810.43-0.36
0.930.540.90.88-0.020.870.830.890.930.60.890.790.660.880.760.50.660.860.620.780.930.080.740.9-0.2
0.970.40.90.97-0.20.970.730.980.970.620.980.770.660.950.690.480.70.970.660.690.96-0.320.690.92-0.46
0.960.470.880.97-0.110.90.810.990.960.730.990.810.750.940.790.570.80.920.780.750.96-0.370.790.9-0.51
0.040.8-0.02-0.2-0.11-0.380.3-0.130.050.2-0.130.240.39-0.370.420.730.35-0.130.390.490.040.270.4-0.18-0.09
0.890.220.870.970.9-0.380.620.930.890.470.930.670.510.970.540.280.530.920.480.540.89-0.260.530.91-0.36
0.840.730.830.730.810.30.620.780.820.750.780.950.840.70.930.780.890.720.870.960.85-0.070.910.68-0.33
0.970.470.890.980.99-0.130.930.780.970.721.00.790.740.940.760.550.780.950.750.740.97-0.340.760.92-0.54
1.00.610.930.970.960.050.890.820.970.690.970.830.780.880.820.660.80.940.770.830.99-0.210.810.91-0.47
0.690.620.60.620.730.20.470.750.720.690.720.690.890.530.860.670.90.590.90.760.68-0.240.890.63-0.53
0.970.470.890.980.99-0.130.930.781.00.970.720.790.740.940.760.550.780.950.750.740.97-0.340.760.92-0.54
0.850.680.790.770.810.240.670.950.790.830.690.790.80.720.870.760.90.780.850.930.87-0.170.870.7-0.32
0.770.80.660.660.750.390.510.840.740.780.890.740.80.540.910.840.930.670.940.890.77-0.270.950.68-0.62
0.890.230.880.950.94-0.370.970.70.940.880.530.940.720.540.590.310.60.880.550.580.89-0.30.580.89-0.36
0.820.830.760.690.790.420.540.930.760.820.860.760.870.910.590.860.940.670.940.970.82-0.060.990.67-0.4
0.670.940.50.480.570.730.280.780.550.660.670.550.760.840.310.860.870.520.880.90.67-0.160.850.42-0.49
0.80.760.660.70.80.350.530.890.780.80.90.780.90.930.60.940.870.70.990.920.81-0.30.960.65-0.54
0.950.430.860.970.92-0.130.920.720.950.940.590.950.780.670.880.670.520.70.660.690.95-0.320.680.86-0.49
0.770.770.620.660.780.390.480.870.750.770.90.750.850.940.550.940.880.990.660.90.78-0.340.960.6-0.58
0.830.880.780.690.750.490.540.960.740.830.760.740.930.890.580.970.90.920.690.90.83-0.010.950.66-0.37
1.00.60.930.960.960.040.890.850.970.990.680.970.870.770.890.820.670.810.950.780.83-0.230.820.89-0.44
-0.220.130.08-0.32-0.370.27-0.26-0.07-0.34-0.21-0.24-0.34-0.17-0.27-0.3-0.06-0.16-0.3-0.32-0.34-0.01-0.23-0.13-0.160.67
0.820.810.740.690.790.40.530.910.760.810.890.760.870.950.580.990.850.960.680.960.950.82-0.130.69-0.42
0.90.430.90.920.9-0.180.910.680.920.910.630.920.70.680.890.670.420.650.860.60.660.89-0.160.69-0.38
-0.46-0.36-0.2-0.46-0.51-0.09-0.36-0.33-0.54-0.47-0.53-0.54-0.32-0.62-0.36-0.4-0.49-0.54-0.49-0.58-0.37-0.440.67-0.42-0.38
Click cells to compare fundamentals

Tecnoglass Account Relationship Matchups

Tecnoglass fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets532.0M591.6M734.3M962.7M1.1B1.2B
Short Long Term Debt Total224.5M199.1M169.5M170.0M195.5M180.9M
Total Current Liabilities91.5M155.0M209.8M235.9M271.3M284.8M
Total Stockholder Equity212.4M243.9M348.8M548.0M630.2M661.7M
Net Tangible Assets156.3M183.7M217.0M322.6M370.9M389.5M
Net Debt157.6M114.0M65.8M40.5M46.6M44.2M
Retained Earnings34.3M91.0M234.3M400.0M460.0M483.0M
Accounts Payable42.3M68.1M90.2M80.5M92.5M53.8M
Cash66.9M85.0M103.7M129.5M148.9M156.4M
Non Current Assets Total245.2M265.3M302.2M427.0M491.0M515.6M
Non Currrent Assets Other16.5M20.0M14.6M13.2M15.1M8.5M
Cash And Short Term Investments69.3M87.0M105.7M132.4M152.3M159.9M
Net Receivables120.0M131.5M174.3M188.0M216.2M132.3M
Retained Earnings Total Equity16.2M34.3M91.0M234.3M269.4M282.9M
Common Stock Shares Outstanding44.5M46.4M47.7M47.5M54.6M36.9M
Liabilities And Stockholders Equity532.0M591.6M734.3M962.7M1.1B1.2B
Non Current Liabilities Total227.5M191.9M174.2M178.8M205.6M165.9M
Other Current Assets13.9M22.9M27.1M56.3M64.7M68.0M
Other Stockholder Equity157.6M208.3M219.3M192.4M221.2M137.5M
Total Liab319.1M346.9M384.0M414.7M476.9M301.1M
Total Current Assets286.8M326.3M432.1M535.8M616.1M646.9M
Accumulated Other Comprehensive Income(41.2M)(66.5M)(104.7M)(44.4M)(40.0M)(42.0M)
Short Term Debt1.8M10.7M504K7.0M6.3M6.0M
Other Current Liab50.0M31.0M69.5M75.9M87.3M91.6M
Other Liab9.7M4.8M3.5M5.2M4.7M4.4M
Property Plant And Equipment Net152.3M166.6M202.9M324.6M373.3M391.9M
Current Deferred Revenue24.7M45.2M49.6M72.5M83.4M87.6M
Noncontrolling Interest In Consolidated Entity606K586K836K1.5M1.7M1.8M
Other Assets15.9M16.7M20.6M15.2M17.5M14.8M
Long Term Debt222.7M188.4M169.0M163.0M187.5M168.1M
Short Term Investments2.4M2.0M2.0M2.9M3.3M2.1M
Inventory80.7M85.0M125.0M159.1M182.9M192.1M
Deferred Long Term Liab411K3.2M3.4M5.2M6.0M6.3M
Property Plant And Equipment Gross152.3M273.5M304.7M471.2M541.9M569.0M
Non Current Liabilities Other9.3M1.6M78K11K9.9K9.4K
Intangible Assets5.1M3.3M2.7M3.5M4.0M5.0M

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Additional Tools for Tecnoglass Stock Analysis

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

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