Thermax Cost Of Revenue vs Net Income Analysis

THERMAX Stock

4,905 108.95 2.27%

Thermax financial indicator trend analysis is much more than just breaking down Thermax Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thermax Limited is a good investment. Please check the relationship between Thermax Cost Of Revenue and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thermax 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 population.

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermax Limited Cost Of Revenue account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Thermax's Cost Of Revenue and Net Income is 0.66. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Net Income in the same time period over historical financial statements of Thermax Limited, assuming nothing else is changed. The correlation between historical values of Thermax's Cost Of Revenue and Net 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 Cost Of Revenue of Thermax Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Cost Of Revenue i.e., Thermax's Cost Of Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cost Of Revenue

Cost of Revenue is found on Thermax Limited income statement and represents the costs associated with goods and services Thermax provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Thermax Limited financial statement analysis. It represents the amount of money remaining after all of Thermax Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Thermax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thermax Limited 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 Thermax 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 population.

Selling General Administrative is likely to drop to about 1.5 B in 2024. Tax Provision is likely to drop to about 1.5 B in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	251.7M	375.9M	875.9M	919.7M
Depreciation And Amortization	1.1B	1.2B	1.4B	857.3M

Interest Expense Depreciation And Amortization

Thermax 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	Accounts Payable	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	Intangible Assets	Common Stock	Good Will	Current Deferred Revenue	Short Term Investments
Total Assets		0.57	-0.13	0.97	0.95	0.69	0.46	0.82	0.94	0.48	0.76	0.52	0.89	0.81	-0.22	0.45	0.88	0.65	0.06	0.97	0.99	-0.07	-0.72	-0.63	0.33	0.81
Short Long Term Debt Total	0.57		0.11	0.58	0.41	0.93	0.92	0.76	0.41	0.41	0.84	0.03	0.47	0.45	-0.54	0.91	0.53	0.41	0.21	0.66	0.56	0.01	-0.4	-0.42	0.31	0.5
Other Current Liab	-0.13	0.11		-0.11	-0.32	0.04	-0.13	-0.25	-0.11	0.57	-0.16	-0.64	-0.22	-0.01	0.35	0.34	-0.1	0.19	-0.31	0.01	-0.09	0.59	-0.13	0.42	-0.22	-0.41
Total Current Liabilities	0.97	0.58	-0.11		0.88	0.68	0.44	0.79	0.94	0.52	0.72	0.51	0.84	0.88	-0.22	0.41	0.85	0.57	0.18	0.98	0.98	0.06	-0.75	-0.55	0.35	0.75
Total Stockholder Equity	0.95	0.41	-0.32	0.88		0.6	0.34	0.81	0.92	0.32	0.73	0.65	0.89	0.68	-0.3	0.29	0.87	0.64	-0.02	0.85	0.93	-0.25	-0.65	-0.74	0.27	0.85
Property Plant And Equipment Net	0.69	0.93	0.04	0.68	0.6		0.81	0.9	0.59	0.45	0.94	0.12	0.55	0.58	-0.65	0.85	0.64	0.54	0.06	0.72	0.68	-0.04	-0.59	-0.61	0.4	0.56
Net Debt	0.46	0.92	-0.13	0.44	0.34	0.81		0.7	0.27	0.02	0.77	0.06	0.35	0.32	-0.55	0.82	0.42	0.31	0.3	0.52	0.41	-0.29	-0.2	-0.36	0.42	0.47
Retained Earnings	0.82	0.76	-0.25	0.79	0.81	0.9	0.7		0.77	0.32	0.97	0.49	0.74	0.61	-0.72	0.63	0.76	0.58	0.08	0.77	0.8	-0.21	-0.69	-0.77	0.35	0.78
Accounts Payable	0.94	0.41	-0.11	0.94	0.92	0.59	0.27	0.77		0.48	0.71	0.57	0.82	0.8	-0.24	0.31	0.88	0.6	-0.01	0.9	0.94	0.0	-0.76	-0.65	0.21	0.73
Cash	0.48	0.41	0.57	0.52	0.32	0.45	0.02	0.32	0.48		0.32	-0.05	0.46	0.47	0.02	0.42	0.42	0.35	-0.13	0.56	0.53	0.68	-0.55	-0.21	-0.17	0.22
Non Current Assets Total	0.76	0.84	-0.16	0.72	0.73	0.94	0.77	0.97	0.71	0.32		0.36	0.65	0.54	-0.74	0.72	0.76	0.55	0.09	0.73	0.72	-0.17	-0.59	-0.74	0.32	0.7
Non Currrent Assets Other	0.52	0.03	-0.64	0.51	0.65	0.12	0.06	0.49	0.57	-0.05	0.36		0.74	0.24	-0.3	-0.17	0.56	0.17	0.04	0.4	0.53	-0.35	-0.29	-0.61	-0.16	0.81
Cash And Short Term Investments	0.89	0.47	-0.22	0.84	0.89	0.55	0.35	0.74	0.82	0.46	0.65	0.74		0.57	-0.23	0.33	0.83	0.54	-0.03	0.83	0.89	-0.14	-0.56	-0.67	0.01	0.95
Net Receivables	0.81	0.45	-0.01	0.88	0.68	0.58	0.32	0.61	0.8	0.47	0.54	0.24	0.57		-0.12	0.28	0.6	0.36	0.3	0.85	0.83	0.24	-0.77	-0.3	0.55	0.43
Common Stock Shares Outstanding	-0.22	-0.54	0.35	-0.22	-0.3	-0.65	-0.55	-0.72	-0.24	0.02	-0.74	-0.3	-0.23	-0.12		-0.4	-0.27	-0.21	-0.12	-0.16	-0.21	0.22	0.3	0.59	-0.22	-0.4
Non Current Liabilities Total	0.45	0.91	0.34	0.41	0.29	0.85	0.82	0.63	0.31	0.42	0.72	-0.17	0.33	0.28	-0.4		0.43	0.5	-0.13	0.54	0.43	-0.03	-0.34	-0.3	0.23	0.34
Inventory	0.88	0.53	-0.1	0.85	0.87	0.64	0.42	0.76	0.88	0.42	0.76	0.56	0.83	0.6	-0.27	0.43		0.61	-0.05	0.84	0.86	-0.13	-0.48	-0.76	0.05	0.79
Other Current Assets	0.65	0.41	0.19	0.57	0.64	0.54	0.31	0.58	0.6	0.35	0.55	0.17	0.54	0.36	-0.21	0.5	0.61		-0.36	0.62	0.66	-0.23	-0.51	-0.42	0.3	0.48
Other Stockholder Equity	0.06	0.21	-0.31	0.18	-0.02	0.06	0.3	0.08	-0.01	-0.13	0.09	0.04	-0.03	0.3	-0.12	-0.13	-0.05	-0.36		0.12	0.04	0.25	-0.03	0.11	0.26	0.0
Total Liab	0.97	0.66	0.01	0.98	0.85	0.72	0.52	0.77	0.9	0.56	0.73	0.4	0.83	0.85	-0.16	0.54	0.84	0.62	0.12		0.97	0.05	-0.72	-0.5	0.35	0.72
Total Current Assets	0.99	0.56	-0.09	0.98	0.93	0.68	0.41	0.8	0.94	0.53	0.72	0.53	0.89	0.83	-0.21	0.43	0.86	0.66	0.04	0.97		-0.02	-0.76	-0.6	0.32	0.79
Intangible Assets	-0.07	0.01	0.59	0.06	-0.25	-0.04	-0.29	-0.21	0.0	0.68	-0.17	-0.35	-0.14	0.24	0.22	-0.03	-0.13	-0.23	0.25	0.05	-0.02		-0.28	0.36	-0.2	-0.36
Common Stock	-0.72	-0.4	-0.13	-0.75	-0.65	-0.59	-0.2	-0.69	-0.76	-0.55	-0.59	-0.29	-0.56	-0.77	0.3	-0.34	-0.48	-0.51	-0.03	-0.72	-0.76	-0.28		0.31	-0.38	-0.42
Good Will	-0.63	-0.42	0.42	-0.55	-0.74	-0.61	-0.36	-0.77	-0.65	-0.21	-0.74	-0.61	-0.67	-0.3	0.59	-0.3	-0.76	-0.42	0.11	-0.5	-0.6	0.36	0.31		0.05	-0.74
Current Deferred Revenue	0.33	0.31	-0.22	0.35	0.27	0.4	0.42	0.35	0.21	-0.17	0.32	-0.16	0.01	0.55	-0.22	0.23	0.05	0.3	0.26	0.35	0.32	-0.2	-0.38	0.05		0.03
Short Term Investments	0.81	0.5	-0.41	0.75	0.85	0.56	0.47	0.78	0.73	0.22	0.7	0.81	0.95	0.43	-0.4	0.34	0.79	0.48	0.0	0.72	0.79	-0.36	-0.42	-0.74	0.03

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Thermax Account Relationship Matchups

Thermax fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	59.6B	65.1B	74.6B	88.4B	101.5B	55.1B
Short Long Term Debt Total	2.4B	3.4B	3.8B	8.3B	13.0B	13.6B
Other Current Liab	3.4B	3.3B	3.6B	4.4B	5.7B	5.9B
Total Current Liabilities	27.9B	30.7B	37.6B	44.1B	47.3B	28.9B
Total Stockholder Equity	30.3B	32.5B	34.9B	38.7B	44.4B	23.1B
Property Plant And Equipment Net	12.8B	12.3B	12.0B	16.5B	25.0B	26.2B
Net Debt	(95.4M)	(1.2B)	846.6M	3.8B	8.1B	8.5B
Retained Earnings	23.3B	25.4B	27.8B	31.4B	37.1B	39.0B
Accounts Payable	9.6B	11.4B	14.6B	15.0B	15.3B	10.0B
Cash	2.5B	4.6B	2.9B	4.5B	4.9B	3.7B
Non Current Assets Total	19.8B	20.4B	27.2B	27.6B	37.0B	38.9B
Non Currrent Assets Other	14.3B	20.3B	24.3B	32.7B	7.8B	9.8B
Cash And Short Term Investments	13.0B	20.8B	17.4B	30.5B	23.7B	11.9B
Net Receivables	18.3B	15.5B	18.3B	22.7B	26.3B	16.7B
Liabilities And Stockholders Equity	59.6B	65.1B	74.6B	88.4B	101.5B	55.1B
Non Current Liabilities Total	1.4B	1.8B	2.1B	5.6B	9.9B	10.4B
Inventory	4.5B	4.0B	7.3B	7.6B	7.6B	4.6B
Other Current Assets	4.9B	4.6B	4.6B	5.3B	7.2B	4.5B
Total Liab	29.3B	32.6B	39.7B	49.7B	57.1B	31.7B
Total Current Assets	39.8B	44.7B	47.4B	60.8B	64.5B	37.0B
Accumulated Other Comprehensive Income	(7.1B)	6.3B	6.3B	6.5B	6.5B	6.8B
Intangible Assets	236.5M	320.2M	375.2M	291.9M	340.4M	419.8M
Good Will	1.2B	330.7M	353.1M	30.3M	27.3M	25.9M
Current Deferred Revenue	16.3B	3.3B	3.4B	3.7B	21.0B	13.3B
Short Term Investments	10.4B	16.2B	14.4B	26.0B	18.8B	12.5B
Short Term Debt	2.0B	3.1B	3.1B	3.9B	4.7B	2.9B
Other Liab	967.7M	980.8M	1.6B	1.4B	1.3B	1.0B
Net Tangible Assets	29.7B	32.2B	34.5B	38.4B	44.1B	30.2B
Other Assets	5.4B	6.0B	6.9B	1.7B	2.0B	1.9B
Long Term Debt	333.9M	221.6M	614.2M	4.2B	7.9B	8.3B
Short Long Term Debt	2.0B	2.8B	2.9B	3.9B	4.7B	3.0B
Property Plant Equipment	12.8B	12.3B	12.0B	16.5B	19.0B	13.0B
Long Term Debt Total	430.7M	287.7M	695.5M	4.4B	5.0B	5.3B
Capital Lease Obligations	142.1M	211.4M	122.9M	199.9M	214.8M	132.8M
Cash And Equivalents	953.9M	1.7B	1.1B	1.5B	1.8B	971.8M
Net Invested Capital	32.6B	35.6B	38.5B	46.8B	57.0B	42.8B

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Thermax Cost Of Revenue vs Net Income Analysis

Cost Of Revenue vs Net Income

Cost Of Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Net Income

Thermax fundamental ratios Correlations

Thermax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thermax fundamental ratios Accounts

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Additional Tools for Thermax Stock Analysis

COMMON DESTINATIONS

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Total Current Assets	+ 0.99	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Total Current Assets	+ 0.98	Total Current Liabilities
Total Current Liabilities	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Retained Earnings

Common Stock	- 0.77	Net Receivables
Good Will	- 0.77	Retained Earnings
Common Stock	- 0.76	Total Current Assets
Good Will	- 0.76	Inventory
Common Stock	- 0.76	Accounts Payable
Common Stock	- 0.75	Total Current Liabilities