Topicus Property Plant Equipment vs Property Plant And Equipment Net Analysis

TOI Stock  CAD 120.75  1.25  1.02%   
Topicus financial indicator trend analysis is much more than just breaking down Topicus prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Topicus is a good investment. Please check the relationship between Topicus Property Plant Equipment and its Property Plant And Equipment Net accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Topicus. 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.

Property Plant Equipment vs Property Plant And Equipment Net

Property Plant Equipment vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Topicus Property Plant Equipment account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Topicus' Property Plant Equipment and Property Plant And Equipment Net is 0.97. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Topicus, assuming nothing else is changed. The correlation between historical values of Topicus' Property Plant Equipment and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Topicus are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Property Plant Equipment i.e., Topicus' Property Plant Equipment and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Property Plant Equipment

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Topicus' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Topicus 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 Topicus. 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.
At this time, Topicus' Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 27.53 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.04 in 2024.
 2021 2022 2023 2024 (projected)
EBIT112.4M106.5M122.4M93.9M
Other Operating Expenses8.2M27.5M31.6M33.2M

Topicus fundamental ratios Correlations

0.360.33-0.47-0.420.30.00.1-0.32-0.42-0.380.20.420.320.24-0.430.220.790.160.290.420.20.280.07-0.410.3
0.360.99-0.69-0.140.980.890.950.73-0.27-0.90.980.260.970.99-0.10.970.630.970.990.270.670.990.91-0.860.95
0.330.99-0.69-0.160.990.850.970.72-0.29-0.90.990.270.990.98-0.110.960.570.970.970.290.680.980.9-0.860.94
-0.47-0.69-0.690.79-0.68-0.47-0.56-0.360.870.72-0.6-0.86-0.72-0.690.76-0.72-0.59-0.56-0.73-0.87-0.96-0.73-0.350.74-0.85
-0.42-0.14-0.160.79-0.130.15-0.010.210.990.2-0.04-0.99-0.2-0.131.0-0.16-0.240.02-0.18-0.99-0.74-0.170.240.25-0.36
0.30.980.99-0.68-0.130.870.960.76-0.26-0.950.980.250.990.97-0.080.970.580.960.960.260.680.970.88-0.890.94
0.00.890.85-0.470.150.870.90.930.01-0.80.9-0.020.830.920.20.920.490.930.91-0.010.520.910.91-0.760.85
0.10.950.97-0.56-0.010.960.90.83-0.14-0.840.990.130.940.960.030.940.390.980.940.140.620.950.95-0.770.89
-0.320.730.72-0.360.210.760.930.830.07-0.720.8-0.080.740.80.270.830.210.830.77-0.070.50.780.8-0.660.73
-0.42-0.27-0.290.870.99-0.260.01-0.140.070.33-0.18-1.0-0.33-0.260.98-0.3-0.32-0.11-0.32-1.0-0.83-0.310.110.37-0.49
-0.38-0.9-0.90.720.2-0.95-0.8-0.84-0.720.33-0.87-0.32-0.95-0.880.14-0.93-0.71-0.86-0.89-0.33-0.69-0.91-0.720.95-0.89
0.20.980.99-0.6-0.040.980.90.990.8-0.18-0.870.170.970.980.00.970.490.990.970.180.630.970.94-0.840.92
0.420.260.27-0.86-0.990.25-0.020.13-0.08-1.0-0.320.170.320.25-0.980.290.30.10.311.00.820.3-0.12-0.360.48
0.320.970.99-0.72-0.20.990.830.940.74-0.33-0.950.970.320.96-0.150.970.590.950.950.330.720.970.84-0.920.94
0.240.990.98-0.69-0.130.970.920.960.8-0.26-0.880.980.250.96-0.080.990.570.981.00.260.71.00.92-0.860.97
-0.43-0.1-0.110.761.0-0.080.20.030.270.980.140.0-0.98-0.15-0.08-0.11-0.220.07-0.14-0.98-0.7-0.120.270.19-0.32
0.220.970.96-0.72-0.160.970.920.940.83-0.3-0.930.970.290.970.99-0.110.590.970.980.30.740.990.87-0.920.97
0.790.630.57-0.59-0.240.580.490.390.21-0.32-0.710.490.30.590.57-0.220.590.50.620.310.380.620.38-0.750.61
0.160.970.97-0.560.020.960.930.980.83-0.11-0.860.990.10.950.980.070.970.50.960.110.590.970.96-0.840.91
0.290.990.97-0.73-0.180.960.910.940.77-0.32-0.890.970.310.951.0-0.140.980.620.960.320.731.00.89-0.870.98
0.420.270.29-0.87-0.990.26-0.010.14-0.07-1.0-0.330.181.00.330.26-0.980.30.310.110.320.830.31-0.11-0.370.49
0.20.670.68-0.96-0.740.680.520.620.5-0.83-0.690.630.820.720.7-0.70.740.380.590.730.830.730.39-0.70.85
0.280.990.98-0.73-0.170.970.910.950.78-0.31-0.910.970.30.971.0-0.120.990.620.971.00.310.730.89-0.90.98
0.070.910.9-0.350.240.880.910.950.80.11-0.720.94-0.120.840.920.270.870.380.960.89-0.110.390.89-0.670.78
-0.41-0.86-0.860.740.25-0.89-0.76-0.77-0.660.370.95-0.84-0.36-0.92-0.860.19-0.92-0.75-0.84-0.87-0.37-0.7-0.9-0.67-0.89
0.30.950.94-0.85-0.360.940.850.890.73-0.49-0.890.920.480.940.97-0.320.970.610.910.980.490.850.980.78-0.89
Click cells to compare fundamentals

Topicus Account Relationship Matchups

Topicus fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab54.9M86.1M104.3M144.4M(1K)(950.0)
Total Current Liabilities200.6M216.9M398.8M570.1M566.0M384.7M
Other Liab77.8M89.8M138.8M179.0M205.8M118.6M
Net Tangible Assets(192.4M)(270.7M)(1.5B)(609.3M)(548.4M)(575.8M)
Retained Earnings144.0M138.6M(1.8B)226.9M297.4M312.3M
Accounts Payable83.7M96.1M134.8M174.2M211.4M135.7M
Other Assets5.2M5.8M12.5M34.9M40.1M42.1M
Net Receivables54.8M46.6M70.7M95.8M134.1M81.0M
Inventory400K375K570K1.4M4.5M4.7M
Other Stockholder Equity(714K)(1.4M)(1.0B)(232K)(208.8K)(219.2K)
Deferred Long Term Liab379K231K157K92K82.8K78.7K
Total Current Assets93.3M129.7M201.0M309.8M417.7M223.0M
Property Plant Equipment50.2M58.3M68.5M72.6M83.5M64.0M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Topicus Stock Analysis

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