Topicus Total Assets vs Non Current Assets Total 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 Total Assets and its Non Current Assets Total 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.

Total Assets vs Non Current Assets Total

Total Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Topicus Total Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
The correlation between Topicus' Total Assets and Non Current Assets Total is 1.0. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Topicus, assuming nothing else is changed. The correlation between historical values of Topicus' Total Assets and Non Current Assets Total 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 Assets of Topicus are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Assets i.e., Topicus' Total Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Topicus assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Topicus books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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
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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

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