Thermax Total Revenue vs Research Development 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 Total Revenue and its Research Development 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.

Total Revenue vs Research Development

Total Revenue vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thermax Limited Total Revenue account and Research Development. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Thermax's Total Revenue and Research Development is 0.59. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Research Development 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 Total Revenue and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Thermax Limited are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Total Revenue i.e., Thermax's Total Revenue and Research Development go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Total Revenue

Total revenue comprises all receipts Thermax Limited generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Research Development

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 Expense251.7M375.9M875.9M919.7M
Depreciation And Amortization1.1B1.2B1.4B857.3M

Thermax fundamental ratios Correlations

0.57-0.130.970.950.690.460.820.940.480.760.520.890.81-0.220.450.880.650.060.970.99-0.07-0.72-0.630.330.81
0.570.110.580.410.930.920.760.410.410.840.030.470.45-0.540.910.530.410.210.660.560.01-0.4-0.420.310.5
-0.130.11-0.11-0.320.04-0.13-0.25-0.110.57-0.16-0.64-0.22-0.010.350.34-0.10.19-0.310.01-0.090.59-0.130.42-0.22-0.41
0.970.58-0.110.880.680.440.790.940.520.720.510.840.88-0.220.410.850.570.180.980.980.06-0.75-0.550.350.75
0.950.41-0.320.880.60.340.810.920.320.730.650.890.68-0.30.290.870.64-0.020.850.93-0.25-0.65-0.740.270.85
0.690.930.040.680.60.810.90.590.450.940.120.550.58-0.650.850.640.540.060.720.68-0.04-0.59-0.610.40.56
0.460.92-0.130.440.340.810.70.270.020.770.060.350.32-0.550.820.420.310.30.520.41-0.29-0.2-0.360.420.47
0.820.76-0.250.790.810.90.70.770.320.970.490.740.61-0.720.630.760.580.080.770.8-0.21-0.69-0.770.350.78
0.940.41-0.110.940.920.590.270.770.480.710.570.820.8-0.240.310.880.6-0.010.90.940.0-0.76-0.650.210.73
0.480.410.570.520.320.450.020.320.480.32-0.050.460.470.020.420.420.35-0.130.560.530.68-0.55-0.21-0.170.22
0.760.84-0.160.720.730.940.770.970.710.320.360.650.54-0.740.720.760.550.090.730.72-0.17-0.59-0.740.320.7
0.520.03-0.640.510.650.120.060.490.57-0.050.360.740.24-0.3-0.170.560.170.040.40.53-0.35-0.29-0.61-0.160.81
0.890.47-0.220.840.890.550.350.740.820.460.650.740.57-0.230.330.830.54-0.030.830.89-0.14-0.56-0.670.010.95
0.810.45-0.010.880.680.580.320.610.80.470.540.240.57-0.120.280.60.360.30.850.830.24-0.77-0.30.550.43
-0.22-0.540.35-0.22-0.3-0.65-0.55-0.72-0.240.02-0.74-0.3-0.23-0.12-0.4-0.27-0.21-0.12-0.16-0.210.220.30.59-0.22-0.4
0.450.910.340.410.290.850.820.630.310.420.72-0.170.330.28-0.40.430.5-0.130.540.43-0.03-0.34-0.30.230.34
0.880.53-0.10.850.870.640.420.760.880.420.760.560.830.6-0.270.430.61-0.050.840.86-0.13-0.48-0.760.050.79
0.650.410.190.570.640.540.310.580.60.350.550.170.540.36-0.210.50.61-0.360.620.66-0.23-0.51-0.420.30.48
0.060.21-0.310.18-0.020.060.30.08-0.01-0.130.090.04-0.030.3-0.12-0.13-0.05-0.360.120.040.25-0.030.110.260.0
0.970.660.010.980.850.720.520.770.90.560.730.40.830.85-0.160.540.840.620.120.970.05-0.72-0.50.350.72
0.990.56-0.090.980.930.680.410.80.940.530.720.530.890.83-0.210.430.860.660.040.97-0.02-0.76-0.60.320.79
-0.070.010.590.06-0.25-0.04-0.29-0.210.00.68-0.17-0.35-0.140.240.22-0.03-0.13-0.230.250.05-0.02-0.280.36-0.2-0.36
-0.72-0.4-0.13-0.75-0.65-0.59-0.2-0.69-0.76-0.55-0.59-0.29-0.56-0.770.3-0.34-0.48-0.51-0.03-0.72-0.76-0.280.31-0.38-0.42
-0.63-0.420.42-0.55-0.74-0.61-0.36-0.77-0.65-0.21-0.74-0.61-0.67-0.30.59-0.3-0.76-0.420.11-0.5-0.60.360.310.05-0.74
0.330.31-0.220.350.270.40.420.350.21-0.170.32-0.160.010.55-0.220.230.050.30.260.350.32-0.2-0.380.050.03
0.810.5-0.410.750.850.560.470.780.730.220.70.810.950.43-0.40.340.790.480.00.720.79-0.36-0.42-0.740.03
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Thermax Account Relationship Matchups

Thermax fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.6B65.1B74.6B88.4B101.5B55.1B
Short Long Term Debt Total2.4B3.4B3.8B8.3B13.0B13.6B
Other Current Liab3.4B3.3B3.6B4.4B5.7B5.9B
Total Current Liabilities27.9B30.7B37.6B44.1B47.3B28.9B
Total Stockholder Equity30.3B32.5B34.9B38.7B44.4B23.1B
Property Plant And Equipment Net12.8B12.3B12.0B16.5B25.0B26.2B
Net Debt(95.4M)(1.2B)846.6M3.8B8.1B8.5B
Retained Earnings23.3B25.4B27.8B31.4B37.1B39.0B
Accounts Payable9.6B11.4B14.6B15.0B15.3B10.0B
Cash2.5B4.6B2.9B4.5B4.9B3.7B
Non Current Assets Total19.8B20.4B27.2B27.6B37.0B38.9B
Non Currrent Assets Other14.3B20.3B24.3B32.7B7.8B9.8B
Cash And Short Term Investments13.0B20.8B17.4B30.5B23.7B11.9B
Net Receivables18.3B15.5B18.3B22.7B26.3B16.7B
Liabilities And Stockholders Equity59.6B65.1B74.6B88.4B101.5B55.1B
Non Current Liabilities Total1.4B1.8B2.1B5.6B9.9B10.4B
Inventory4.5B4.0B7.3B7.6B7.6B4.6B
Other Current Assets4.9B4.6B4.6B5.3B7.2B4.5B
Total Liab29.3B32.6B39.7B49.7B57.1B31.7B
Total Current Assets39.8B44.7B47.4B60.8B64.5B37.0B
Accumulated Other Comprehensive Income(7.1B)6.3B6.3B6.5B6.5B6.8B
Intangible Assets236.5M320.2M375.2M291.9M340.4M419.8M
Good Will1.2B330.7M353.1M30.3M27.3M25.9M
Current Deferred Revenue16.3B3.3B3.4B3.7B21.0B13.3B
Short Term Investments10.4B16.2B14.4B26.0B18.8B12.5B
Short Term Debt2.0B3.1B3.1B3.9B4.7B2.9B
Other Liab967.7M980.8M1.6B1.4B1.3B1.0B
Net Tangible Assets29.7B32.2B34.5B38.4B44.1B30.2B
Other Assets5.4B6.0B6.9B1.7B2.0B1.9B
Long Term Debt333.9M221.6M614.2M4.2B7.9B8.3B
Short Long Term Debt2.0B2.8B2.9B3.9B4.7B3.0B
Property Plant Equipment12.8B12.3B12.0B16.5B19.0B13.0B
Long Term Debt Total430.7M287.7M695.5M4.4B5.0B5.3B
Capital Lease Obligations142.1M211.4M122.9M199.9M214.8M132.8M
Cash And Equivalents953.9M1.7B1.1B1.5B1.8B971.8M
Net Invested Capital32.6B35.6B38.5B46.8B57.0B42.8B

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