Touchstone Gross Profit vs Net Income From Continuing Ops Analysis

688013 Stock

19.73 0.32 1.60%

Touchstone International financial indicator trend analysis is much more than just breaking down Touchstone International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Touchstone International is a good investment. Please check the relationship between Touchstone International Gross Profit and its Net Income From Continuing Ops accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Touchstone International Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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 Touchstone International Gross Profit account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have weak relationship.

The correlation between Touchstone International's Gross Profit and Net Income From Continuing Ops is 0.32. 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 Touchstone International Medical, assuming nothing else is changed. The correlation between historical values of Touchstone International'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 Touchstone International Medical 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., Touchstone International's Gross Profit and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.32

Relationship Direction	Positive
Relationship Strength	Very Weak

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Gross Profit

Gross profit is a required income statement account that reflects total revenue of Touchstone International Medical minus its cost of goods sold. It is profit before Touchstone International 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 Touchstone International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Touchstone International 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Touchstone International Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

The current year's Selling General Administrative is expected to grow to about 57 M, whereas Tax Provision is forecasted to decline to about 604.3 K.

	2021	2022	2023	2024 (projected)
Interest Expense	73.0K	160.0K	86.0K	81.7K
Depreciation And Amortization	7.2M	9.0M	10.3M	7.8M

Interest Expense Depreciation And Amortization

Touchstone International fundamental ratios Correlations

	Total Assets	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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Short Term Debt	Other Liab	Net Tangible Assets	Net Receivables
Total Assets		0.33	0.76	1.0	0.84	-0.58	0.87	0.16	0.73	0.84	0.44	0.99	0.92	0.69	0.87	-0.54	1.0	0.76	1.0	0.68	0.98	-0.86	-0.86	0.98	1.0	0.9
Other Current Liab	0.33		0.01	0.34	0.17	-0.42	-0.01	-0.42	-0.35	0.1	0.59	0.39	0.29	-0.22	0.36	-0.04	0.38	-0.01	0.36	-0.1	0.28	-0.29	-0.29	0.25	0.29	0.03
Total Current Liabilities	0.76	0.01		0.73	0.82	-0.01	0.82	0.63	0.67	0.88	0.28	0.69	0.8	0.84	0.65	-0.05	0.71	1.0	0.71	0.75	0.73	-0.56	-0.56	0.83	0.75	0.91
Total Stockholder Equity	1.0	0.34	0.73		0.83	-0.6	0.86	0.13	0.72	0.82	0.44	0.99	0.92	0.67	0.87	-0.56	1.0	0.74	1.0	0.67	0.98	-0.86	-0.86	0.97	1.0	0.89
Property Plant And Equipment Net	0.84	0.17	0.82	0.83		-0.32	0.81	0.17	0.73	0.86	0.31	0.78	0.78	0.56	0.91	-0.33	0.81	0.81	0.81	0.7	0.89	-0.9	-0.9	0.83	0.83	0.81
Net Debt	-0.58	-0.42	-0.01	-0.6	-0.32		-0.24	0.56	-0.36	-0.1	0.0	-0.67	-0.3	0.02	-0.39	0.53	-0.64	-0.01	-0.64	0.07	-0.56	0.52	0.53	-0.41	-0.58	-0.21
Retained Earnings	0.87	-0.01	0.82	0.86	0.81	-0.24		0.4	0.86	0.88	0.41	0.81	0.92	0.79	0.8	-0.41	0.82	0.82	0.84	0.91	0.85	-0.76	-0.76	0.91	0.9	0.93
Accounts Payable	0.16	-0.42	0.63	0.13	0.17	0.56	0.4		0.29	0.43	-0.02	0.09	0.4	0.73	0.02	0.06	0.1	0.64	0.11	0.45	0.12	0.05	0.05	0.36	0.16	0.56
Cash	0.73	-0.35	0.67	0.72	0.73	-0.36	0.86	0.29		0.66	-0.05	0.68	0.67	0.67	0.6	-0.45	0.69	0.68	0.72	0.7	0.74	-0.67	-0.67	0.73	0.77	0.78
Non Current Assets Total	0.84	0.1	0.88	0.82	0.86	-0.1	0.88	0.43	0.66		0.58	0.76	0.85	0.83	0.86	-0.3	0.79	0.89	0.78	0.9	0.85	-0.74	-0.74	0.89	0.83	0.92
Non Currrent Assets Other	0.44	0.59	0.28	0.44	0.31	0.0	0.41	-0.02	-0.05	0.58		0.4	0.51	0.3	0.57	-0.06	0.42	0.29	0.4	0.58	0.39	-0.35	-0.36	0.44	0.42	0.35
Cash And Short Term Investments	0.99	0.39	0.69	0.99	0.78	-0.67	0.81	0.09	0.68	0.76	0.4		0.89	0.62	0.83	-0.56	1.0	0.69	1.0	0.58	0.96	-0.84	-0.84	0.95	0.98	0.85
Common Stock Shares Outstanding	0.92	0.29	0.8	0.92	0.78	-0.3	0.92	0.4	0.67	0.85	0.51	0.89		0.74	0.83	-0.48	0.89	0.8	0.91	0.79	0.88	-0.78	-0.78	0.97	0.93	0.93
Non Current Liabilities Total	0.69	-0.22	0.84	0.67	0.56	0.02	0.79	0.73	0.67	0.83	0.3	0.62	0.74		0.5	-0.28	0.64	0.85	0.64	0.78	0.66	-0.42	-0.42	0.79	0.69	0.9
Inventory	0.87	0.36	0.65	0.87	0.91	-0.39	0.8	0.02	0.6	0.86	0.57	0.83	0.83	0.5		-0.55	0.85	0.64	0.85	0.73	0.93	-0.96	-0.96	0.85	0.86	0.78
Other Current Assets	-0.54	-0.04	-0.05	-0.56	-0.33	0.53	-0.41	0.06	-0.45	-0.3	-0.06	-0.56	-0.48	-0.28	-0.55		-0.56	-0.07	-0.56	-0.25	-0.62	0.67	0.67	-0.51	-0.55	-0.44
Other Stockholder Equity	1.0	0.38	0.71	1.0	0.81	-0.64	0.82	0.1	0.69	0.79	0.42	1.0	0.89	0.64	0.85	-0.56		0.71	1.0	0.61	0.97	-0.85	-0.85	0.96	0.99	0.86
Total Liab	0.76	-0.01	1.0	0.74	0.81	-0.01	0.82	0.64	0.68	0.89	0.29	0.69	0.8	0.85	0.64	-0.07	0.71		0.71	0.76	0.73	-0.56	-0.56	0.84	0.75	0.91
Total Current Assets	1.0	0.36	0.71	1.0	0.81	-0.64	0.84	0.11	0.72	0.78	0.4	1.0	0.91	0.64	0.85	-0.56	1.0	0.71		0.63	0.97	-0.85	-0.85	0.96	0.99	0.87
Intangible Assets	0.68	-0.1	0.75	0.67	0.7	0.07	0.91	0.45	0.7	0.9	0.58	0.58	0.79	0.78	0.73	-0.25	0.61	0.76	0.63		0.68	-0.61	-0.6	0.75	0.71	0.82
Common Stock	0.98	0.28	0.73	0.98	0.89	-0.56	0.85	0.12	0.74	0.85	0.39	0.96	0.88	0.66	0.93	-0.62	0.97	0.73	0.97	0.68		-0.93	-0.93	0.95	0.97	0.88
Short Long Term Debt Total	-0.86	-0.29	-0.56	-0.86	-0.9	0.52	-0.76	0.05	-0.67	-0.74	-0.35	-0.84	-0.78	-0.42	-0.96	0.67	-0.85	-0.56	-0.85	-0.61	-0.93		1.0	-0.81	-0.86	-0.74
Short Term Debt	-0.86	-0.29	-0.56	-0.86	-0.9	0.53	-0.76	0.05	-0.67	-0.74	-0.36	-0.84	-0.78	-0.42	-0.96	0.67	-0.85	-0.56	-0.85	-0.6	-0.93	1.0		-0.81	-0.86	-0.73
Other Liab	0.98	0.25	0.83	0.97	0.83	-0.41	0.91	0.36	0.73	0.89	0.44	0.95	0.97	0.79	0.85	-0.51	0.96	0.84	0.96	0.75	0.95	-0.81	-0.81		0.98	0.96
Net Tangible Assets	1.0	0.29	0.75	1.0	0.83	-0.58	0.9	0.16	0.77	0.83	0.42	0.98	0.93	0.69	0.86	-0.55	0.99	0.75	0.99	0.71	0.97	-0.86	-0.86	0.98		0.9
Net Receivables	0.9	0.03	0.91	0.89	0.81	-0.21	0.93	0.56	0.78	0.92	0.35	0.85	0.93	0.9	0.78	-0.44	0.86	0.91	0.87	0.82	0.88	-0.74	-0.73	0.96	0.9

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Touchstone International Account Relationship Matchups

Touchstone International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	124.9M	485.2M	544.8M	543.5M	626.6M	399.2M
Other Current Liab	10.1M	14.8M	22.1M	24.3M	644.1K	611.9K
Total Current Liabilities	16.6M	17.8M	30.8M	32.5M	51.0M	31.2M
Total Stockholder Equity	107.2M	465.9M	512.1M	508.4M	571.5M	365.8M
Property Plant And Equipment Net	71.9M	71.2M	72.3M	75.3M	85.4M	78.2M
Net Debt	(18.8M)	(126.8M)	(75.4M)	(32.1M)	(28.9M)	(30.3M)
Retained Earnings	178.0K	31.5M	52.7M	75.0M	98.2M	103.1M
Accounts Payable	6.5M	3.1M	8.7M	7.8M	12.9M	8.6M
Cash	18.8M	126.8M	75.4M	33.1M	211.5M	222.1M
Non Current Assets Total	75.5M	75.0M	78.8M	136.0M	151.8M	101.7M
Non Currrent Assets Other	183.5K	553.6K	344.6K	15.1M	871.1K	827.6K
Cash And Short Term Investments	18.8M	379.3M	430.9M	362.3M	416.7M	226.0M
Common Stock Shares Outstanding	60.0M	64.7M	81.2M	81.5M	81.2M	76.7M
Liabilities And Stockholders Equity	124.9M	485.2M	544.8M	543.5M	625.0M	350.9M
Non Current Liabilities Total	1.1M	1.5M	1.9M	2.6M	4.1M	2.3M
Inventory	27.1M	26.2M	26.3M	33.5M	29.2M	27.7M
Other Current Assets	1.0M	995.5K	874.7K	2.3M	1.3M	1.8M
Other Stockholder Equity	47.0M	354.4M	379.5M	352.3M	405.1M	219.4M
Total Liab	17.7M	19.4M	32.7M	35.0M	55.1M	33.4M
Total Current Assets	49.4M	410.3M	466.0M	407.5M	474.8M	297.5M
Intangible Assets	3.4M	3.2M	3.0M	41.7M	40.2M	42.3M

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Other Information on Investing in Touchstone Stock

Balance Sheet is a snapshot of the financial position of Touchstone International at a specified time, usually calculated after every quarter, six months, or one year. Touchstone International Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Touchstone International 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 Touchstone currently owns. An asset can also be divided into two categories, current and non-current.

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Touchstone Gross Profit vs Net Income From Continuing Ops Analysis

Gross Profit vs Net Income From Continuing Ops

Gross Profit vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Gross Profit

Net Income From Continuing Ops

Touchstone International fundamental ratios Correlations

Touchstone International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Touchstone International fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Touchstone Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Stockholder Equity

Short Term Debt	- 0.96	Inventory
Short Long Term Debt Total	- 0.96	Inventory
Short Term Debt	- 0.93	Common Stock
Short Long Term Debt Total	- 0.93	Common Stock
Short Term Debt	- 0.9	Property Plant And Equipment Net
Short Long Term Debt Total	- 0.9	Property Plant And Equipment Net