Tenaris Retained Earnings vs Net Invested Capital Analysis

TS Stock

USD 38.09 0.48 1.28%

Tenaris SA financial indicator trend analysis is much more than just breaking down Tenaris SA ADR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tenaris SA ADR is a good investment. Please check the relationship between Tenaris SA Retained Earnings and its Net Invested Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenaris SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tenaris SA ADR Retained Earnings account and Net Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Tenaris SA's Retained Earnings and Net Invested Capital is 0.51. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Tenaris SA ADR, assuming nothing else is changed. The correlation between historical values of Tenaris SA's Retained Earnings and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Tenaris SA ADR are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Retained Earnings i.e., Tenaris SA's Retained Earnings and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Tenaris SA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tenaris SA ADR 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 Tenaris SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Tenaris SA's Discontinued Operations is comparatively stable compared to the past year. Tax Provision is likely to gain to about 1.2 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 3.42 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.9B	4.7B	6.2B	3.1B
Total Revenue	6.5B	11.8B	14.9B	8.3B

Gross Profit Total Revenue

Tenaris SA fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Property Plant Equipment	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Total Current Assets	Short Long Term Debt Total	Net Debt	Retained Earnings	Cash And Short Term Investments	Net Receivables
Total Assets		0.7	0.77	0.98	0.33	0.74	0.49	0.45	-0.35	0.62	0.85	0.4	0.72	0.17	0.68	0.66	0.92	-0.41	0.78	0.17	0.92	0.15	-0.3	0.96	0.56	0.77
Other Current Liab	0.7		0.8	0.61	-0.18	0.79	0.47	0.13	-0.12	0.57	0.8	0.17	0.73	0.38	0.17	0.16	0.52	-0.32	0.56	0.29	0.78	0.28	-0.26	0.57	0.39	0.85
Total Current Liabilities	0.77	0.8		0.64	-0.11	0.87	0.53	0.07	-0.17	0.59	0.87	0.53	0.92	0.35	0.14	0.12	0.51	-0.35	0.51	0.34	0.9	0.45	-0.23	0.6	0.52	0.92
Total Stockholder Equity	0.98	0.61	0.64		0.45	0.65	0.42	0.52	-0.42	0.54	0.79	0.33	0.59	0.06	0.8	0.78	0.95	-0.34	0.78	0.02	0.85	0.03	-0.28	0.99	0.49	0.67
Other Liab	0.33	-0.18	-0.11	0.45		-0.14	-0.01	0.3	-0.43	-0.07	-0.01	0.05	-0.18	-0.36	0.73	0.73	0.49	0.02	0.38	-0.35	0.13	-0.25	-0.07	0.5	0.31	-0.17
Accounts Payable	0.74	0.79	0.87	0.65	-0.14		0.46	0.06	-0.27	0.41	0.96	0.27	0.74	0.24	0.2	0.17	0.5	-0.32	0.45	0.08	0.86	0.07	-0.36	0.63	0.31	0.91
Cash	0.49	0.47	0.53	0.42	-0.01	0.46		0.01	-0.27	0.18	0.53	0.27	0.38	-0.05	0.22	0.21	0.35	-0.74	0.45	0.17	0.59	0.24	-0.84	0.43	0.67	0.53
Other Assets	0.45	0.13	0.07	0.52	0.3	0.06	0.01		-0.42	0.56	0.15	-0.1	0.04	0.13	0.63	0.66	0.7	-0.02	0.72	-0.11	0.15	-0.03	0.04	0.51	0.15	0.0
Long Term Debt	-0.35	-0.12	-0.17	-0.42	-0.43	-0.27	-0.27	-0.42		-0.06	-0.29	0.11	0.13	0.23	-0.51	-0.52	-0.37	0.05	-0.4	0.66	-0.3	0.52	0.52	-0.46	-0.34	-0.17
Good Will	0.62	0.57	0.59	0.54	-0.07	0.41	0.18	0.56	-0.06		0.45	0.22	0.67	0.74	0.21	0.22	0.64	-0.3	0.71	0.48	0.5	0.46	0.15	0.46	0.25	0.51
Inventory	0.85	0.8	0.87	0.79	-0.01	0.96	0.53	0.15	-0.29	0.45		0.26	0.75	0.18	0.37	0.34	0.64	-0.36	0.54	0.07	0.92	0.09	-0.4	0.77	0.35	0.94
Other Current Assets	0.4	0.17	0.53	0.33	0.05	0.27	0.27	-0.1	0.11	0.22	0.26		0.57	-0.03	0.07	0.05	0.25	-0.28	0.19	0.41	0.49	0.47	0.01	0.32	0.53	0.4
Total Liab	0.72	0.73	0.92	0.59	-0.18	0.74	0.38	0.04	0.13	0.67	0.75	0.57		0.53	0.05	0.02	0.49	-0.3	0.41	0.61	0.83	0.58	-0.01	0.53	0.42	0.85
Intangible Assets	0.17	0.38	0.35	0.06	-0.36	0.24	-0.05	0.13	0.23	0.74	0.18	-0.03	0.53		-0.3	-0.31	0.12	-0.14	0.17	0.58	0.18	0.34	0.26	-0.04	-0.07	0.29
Property Plant Equipment	0.68	0.17	0.14	0.8	0.73	0.2	0.22	0.63	-0.51	0.21	0.37	0.07	0.05	-0.3		1.0	0.85	-0.2	0.67	-0.36	0.42	-0.19	-0.21	0.84	0.29	0.15
Property Plant And Equipment Net	0.66	0.16	0.12	0.78	0.73	0.17	0.21	0.66	-0.52	0.22	0.34	0.05	0.02	-0.31	1.0		0.84	-0.19	0.7	-0.37	0.38	-0.18	-0.21	0.82	0.29	0.12
Non Current Assets Total	0.92	0.52	0.51	0.95	0.49	0.5	0.35	0.7	-0.37	0.64	0.64	0.25	0.49	0.12	0.85	0.84		-0.36	0.89	0.07	0.7	0.1	-0.18	0.94	0.46	0.5
Non Currrent Assets Other	-0.41	-0.32	-0.35	-0.34	0.02	-0.32	-0.74	-0.02	0.05	-0.3	-0.36	-0.28	-0.3	-0.14	-0.2	-0.19	-0.36		-0.49	-0.32	-0.41	-0.2	0.62	-0.33	-0.54	-0.37
Common Stock Shares Outstanding	0.78	0.56	0.51	0.78	0.38	0.45	0.45	0.72	-0.4	0.71	0.54	0.19	0.41	0.17	0.67	0.7	0.89	-0.49		0.11	0.58	0.21	-0.26	0.76	0.56	0.45
Non Current Liabilities Total	0.17	0.29	0.34	0.02	-0.35	0.08	0.17	-0.11	0.66	0.48	0.07	0.41	0.61	0.58	-0.36	-0.37	0.07	-0.32	0.11		0.24	0.68	0.2	-0.04	0.33	0.27
Total Current Assets	0.92	0.78	0.9	0.85	0.13	0.86	0.59	0.15	-0.3	0.5	0.92	0.49	0.83	0.18	0.42	0.38	0.7	-0.41	0.58	0.24		0.18	-0.4	0.83	0.61	0.92
Short Long Term Debt Total	0.15	0.28	0.45	0.03	-0.25	0.07	0.24	-0.03	0.52	0.46	0.09	0.47	0.58	0.34	-0.19	-0.18	0.1	-0.2	0.21	0.68	0.18		0.3	-0.03	0.22	0.23
Net Debt	-0.3	-0.26	-0.23	-0.28	-0.07	-0.36	-0.84	0.04	0.52	0.15	-0.4	0.01	-0.01	0.26	-0.21	-0.21	-0.18	0.62	-0.26	0.2	-0.4	0.3		-0.33	-0.54	-0.35
Retained Earnings	0.96	0.57	0.6	0.99	0.5	0.63	0.43	0.51	-0.46	0.46	0.77	0.32	0.53	-0.04	0.84	0.82	0.94	-0.33	0.76	-0.04	0.83	-0.03	-0.33		0.51	0.63
Cash And Short Term Investments	0.56	0.39	0.52	0.49	0.31	0.31	0.67	0.15	-0.34	0.25	0.35	0.53	0.42	-0.07	0.29	0.29	0.46	-0.54	0.56	0.33	0.61	0.22	-0.54	0.51		0.41
Net Receivables	0.77	0.85	0.92	0.67	-0.17	0.91	0.53	0.0	-0.17	0.51	0.94	0.4	0.85	0.29	0.15	0.12	0.5	-0.37	0.45	0.27	0.92	0.23	-0.35	0.63	0.41

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Tenaris SA Account Relationship Matchups

Tenaris SA fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.8B	13.7B	14.4B	17.6B	21.1B	13.8B
Other Current Liab	322.7M	521.5M	326.6M	849.1M	613.2M	588.5M
Total Current Liabilities	1.8B	1.2B	1.6B	2.8B	2.9B	2.3B
Total Stockholder Equity	12.0B	11.3B	12.0B	13.9B	16.8B	9.6B
Other Liab	643.0M	573.7M	590.0M	597.3M	686.9M	480.3M
Accounts Payable	555.9M	462.1M	845.3M	1.2B	1.1B	779.6M
Cash	1.6B	584.7M	318.1M	1.1B	1.6B	1.7B
Other Assets	382.8M	359.9M	458.5M	208.9M	240.2M	327.3M
Long Term Debt	40.9M	315.7M	111.4M	46.4M	48.3M	45.9M
Good Will	1.3B	1.1B	1.1B	1.1B	1.1B	1.3B
Inventory	2.3B	1.6B	2.7B	4.0B	3.9B	2.4B
Other Current Assets	75.9M	26.5M	21.9M	72.7M	214.9M	116.3M
Total Liab	2.7B	2.3B	2.3B	3.5B	4.1B	2.8B
Intangible Assets	241.3M	343.1M	287.5M	247.5M	273.4M	259.7M
Property Plant Equipment	6.3B	6.4B	5.9B	5.7B	6.5B	4.5B
Property Plant And Equipment Net	6.3B	6.4B	5.9B	5.7B	6.2B	4.8B
Non Current Assets Total	9.2B	9.4B	9.5B	9.1B	10.6B	8.2B
Non Currrent Assets Other	157.1M	154.3M	213.0M	211.7M	80.5M	76.5M
Liabilities And Stockholders Equity	14.8B	13.7B	14.4B	17.6B	21.1B	14.2B
Non Current Liabilities Total	876.2M	1.1B	784.1M	727.4M	1.1B	1.2B
Total Current Assets	5.7B	4.3B	5.0B	8.5B	10.5B	6.0B
Short Long Term Debt Total	1.1B	876.4M	448.2M	840.9M	717.9M	1.1B
Net Debt	(502.0M)	291.7M	130.1M	(250.6M)	(920.0M)	(874.0M)
Retained Earnings	11.4B	10.7B	11.4B	13.5B	16.7B	9.1B
Cash And Short Term Investments	1.8B	1.5B	716.0M	1.5B	3.6B	3.8B
Net Receivables	1.6B	1.1B	1.5B	2.8B	2.8B	1.9B
Property Plant And Equipment Gross	6.3B	6.4B	14.7B	14.6B	15.6B	16.4B
Accumulated Other Comprehensive Income	(1.2B)	(1.2B)	(1.3B)	(1.3B)	(1.5B)	(1.4B)
Short Term Debt	819.1M	43.6M	151.9M	140.7M	573.0M	581.4M
Short Term Investments	210.4M	872.5M	397.8M	438.4M	2.0B	2.1B
Current Deferred Revenue	82.7M	48.7M	92.4M	242.9M	263.7M	276.8M
Net Tangible Assets	10.4B	9.8B	10.6B	12.6B	14.5B	11.2B
Long Term Investments	904.9M	1.2B	1.7B	1.7B	2.0B	1.2B
Short Long Term Debt	14K	98K	60K	94K	21.2M	20.2M
Long Term Debt Total	233.2M	529.6M	194.1M	130.0M	149.6M	193.3M

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