Thermon Retained Earnings from 2010 to 2024

THR Stock

USD 28.62 0.42 1.45%

Thermon Group Retained Earnings yearly trend continues to be relatively stable with very little volatility. Retained Earnings are likely to grow to about 303.2 M this year. Retained Earnings is the cumulative amount of net income that Thermon Group Holdings retains for reinvestment in its operations, rather than distributing it to shareholders as dividends. View All Fundamentals

Retained Earnings

First Reported

2009-03-31

Previous Quarter

297.3 M

Current Value

306.8 M

Quarterly Volatility

89.5 M

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Yuan Drop

Covid

Check Thermon Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thermon Group's main balance sheet or income statement drivers, such as Depreciation And Amortization of 15.8 M, Interest Expense of 7.3 M or Selling General Administrative of 56 K, as well as many indicators such as Price To Sales Ratio of 2.45, Dividend Yield of 0.0118 or PTB Ratio of 4.08. Thermon financial statements analysis is a perfect complement when working with Thermon Group Valuation or Volatility modules.

Check out the analysis of Thermon Group Correlation against competitors.

Latest Thermon Group's Retained Earnings Growth Pattern

Below is the plot of the Retained Earnings of Thermon Group Holdings over the last few years. It is the cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends. Thermon Group's Retained Earnings historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Thermon Group's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 288.78 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Retained Earnings

Timeline

Thermon Retained Earnings Regression Statistics

	Arithmetic Mean	143,238,743
	Coefficient Of Variation	67.33
	Mean Deviation	76,338,027
	Median	148,812,000
	Standard Deviation	96,442,668
	Sample Variance	9301.2T
	Range	306.1M
	R-Value	0.99
	Mean Square Error	271.8T
	R-Squared	0.97
	Slope	21,270,675
	Total Sum of Squares	130216.6T

Thermon Retained Earnings History

	2024	303.2 M
	2023	288.8 M
	2022	237.2 M
	2021	203.5 M
	2020	183.7 M
	2019	182.6 M
	2018	170.6 M

Other Fundumenentals of Thermon Group Holdings

Retained Earnings Total Equity

Thermon Group Retained Earnings component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Total Liab	Total Current Assets	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Short Term Debt	Common Stock	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.93	0.62	0.79	0.85	0.6	0.93	0.98	0.63	0.9	0.51	0.89	0.24	-0.29	0.8	0.53	0.4	0.83	-0.56	-0.67	-0.55	0.21	0.02	0.17
Total Stockholder Equity	0.93		0.31	0.83	0.84	0.31	0.84	0.93	0.37	0.96	0.32	0.83	0.09	-0.21	0.86	0.74	0.09	0.87	-0.7	-0.76	-0.4	0.17	0.0	0.13
Net Debt	0.62	0.31		0.34	0.41	0.9	0.67	0.63	0.74	0.27	0.5	0.65	0.43	-0.28	0.19	-0.2	0.84	0.32	0.11	-0.22	-0.63	0.11	0.09	0.12
Retained Earnings	0.79	0.83	0.34		0.75	0.3	0.78	0.81	0.36	0.85	0.09	0.75	0.31	-0.19	0.8	0.84	0.12	0.93	-0.71	-0.78	-0.31	0.38	-0.38	0.57
Accounts Payable	0.85	0.84	0.41	0.75		0.37	0.85	0.87	0.6	0.83	0.28	0.74	0.23	-0.15	0.68	0.57	0.18	0.8	-0.54	-0.55	-0.31	0.18	0.03	0.17
Long Term Debt	0.6	0.31	0.9	0.3	0.37		0.63	0.57	0.7	0.32	0.61	0.63	0.24	-0.58	0.29	-0.2	0.94	0.28	0.05	-0.3	-0.61	0.13	0.15	0.14
Net Receivables	0.93	0.84	0.67	0.78	0.85	0.63		0.93	0.67	0.87	0.32	0.9	0.18	-0.27	0.67	0.46	0.48	0.76	-0.51	-0.69	-0.7	0.13	0.07	0.12
Good Will	0.98	0.93	0.63	0.81	0.87	0.57	0.93		0.59	0.87	0.42	0.91	0.26	-0.24	0.75	0.53	0.36	0.85	-0.52	-0.66	-0.53	0.2	0.02	0.16
Total Liab	0.63	0.37	0.74	0.36	0.6	0.7	0.67	0.59		0.41	0.53	0.45	0.47	-0.06	0.34	-0.02	0.57	0.4	-0.15	-0.09	-0.44	0.27	0.08	0.2
Total Current Assets	0.9	0.96	0.27	0.85	0.83	0.32	0.87	0.87	0.41		0.26	0.78	0.05	-0.26	0.85	0.76	0.12	0.86	-0.78	-0.81	-0.46	0.21	0.0	0.16
Intangible Assets	0.51	0.32	0.5	0.09	0.28	0.61	0.32	0.42	0.53	0.26		0.23	0.37	-0.24	0.46	-0.15	0.48	0.15	0.11	0.0	-0.34	0.27	0.05	0.15
Property Plant Equipment	0.89	0.83	0.65	0.75	0.74	0.63	0.9	0.91	0.45	0.78	0.23		0.05	-0.47	0.64	0.45	0.51	0.72	-0.48	-0.78	-0.57	-0.04	0.07	0.06
Current Deferred Revenue	0.24	0.09	0.43	0.31	0.23	0.24	0.18	0.26	0.47	0.05	0.37	0.05		0.3	0.14	0.04	0.09	0.31	0.03	0.06	-0.02	0.63	-0.3	0.6
Short Term Debt	-0.29	-0.21	-0.28	-0.19	-0.15	-0.58	-0.27	-0.24	-0.06	-0.26	-0.24	-0.47	0.3		-0.34	-0.03	-0.64	-0.07	0.11	0.5	0.16	0.26	-0.08	-0.03
Common Stock	0.8	0.86	0.19	0.8	0.68	0.29	0.67	0.75	0.34	0.85	0.46	0.64	0.14	-0.34		0.76	0.11	0.74	-0.63	-0.67	-0.23	0.24	-0.27	0.42
Net Tangible Assets	0.53	0.74	-0.2	0.84	0.57	-0.2	0.46	0.53	-0.02	0.76	-0.15	0.45	0.04	-0.03	0.76		-0.37	0.8	-0.81	-0.68	0.05	0.3	-0.35	0.45
Long Term Debt Total	0.4	0.09	0.84	0.12	0.18	0.94	0.48	0.36	0.57	0.12	0.48	0.51	0.09	-0.64	0.11	-0.37		0.02	0.2	-0.22	-0.61	-0.12	0.09	0.05
Capital Surpluse	0.83	0.87	0.32	0.93	0.8	0.28	0.76	0.85	0.4	0.86	0.15	0.72	0.31	-0.07	0.74	0.8	0.02		-0.7	-0.67	-0.24	0.52	-0.15	0.43
Deferred Long Term Liab	-0.56	-0.7	0.11	-0.71	-0.54	0.05	-0.51	-0.52	-0.15	-0.78	0.11	-0.48	0.03	0.11	-0.63	-0.81	0.2	-0.7		0.74	0.1	-0.16	0.15	-0.2
Short Long Term Debt	-0.67	-0.76	-0.22	-0.78	-0.55	-0.3	-0.69	-0.66	-0.09	-0.81	0.0	-0.78	0.06	0.5	-0.67	-0.68	-0.22	-0.67	0.74		0.37	0.0	0.08	-0.16
Cash And Equivalents	-0.55	-0.4	-0.63	-0.31	-0.31	-0.61	-0.7	-0.53	-0.44	-0.46	-0.34	-0.57	-0.02	0.16	-0.23	0.05	-0.61	-0.24	0.1	0.37		0.05	-0.08	0.12
Net Invested Capital	0.21	0.17	0.11	0.38	0.18	0.13	0.13	0.2	0.27	0.21	0.27	-0.04	0.63	0.26	0.24	0.3	-0.12	0.52	-0.16	0.0	0.05		-0.12	0.65
Net Working Capital	0.02	0.0	0.09	-0.38	0.03	0.15	0.07	0.02	0.08	0.0	0.05	0.07	-0.3	-0.08	-0.27	-0.35	0.09	-0.15	0.15	0.08	-0.08	-0.12		-0.72
Capital Stock	0.17	0.13	0.12	0.57	0.17	0.14	0.12	0.16	0.2	0.16	0.15	0.06	0.6	-0.03	0.42	0.45	0.05	0.43	-0.2	-0.16	0.12	0.65	-0.72

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About Thermon Group Financial Statements

Thermon Group shareholders use historical fundamental indicators, such as Retained Earnings, to determine how well the company is positioned to perform in the future. Although Thermon Group investors may analyze each financial statement separately, they are all interrelated. The changes in Thermon Group's assets and liabilities, for example, are also reflected in the revenues and expenses on on Thermon Group's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Retained Earnings	288.8 M	303.2 M
Retained Earnings Total Equity	272.8 M	286.4 M

Pair Trading with Thermon Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thermon Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thermon Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with Thermon Stock

0.71	CR	Crane Company	Pair Corr
0.8	HI	Hillenbrand	Pair Corr
0.62	IR	Ingersoll Rand	Pair Corr

Moving against Thermon Stock

0.64	MKDWW	MKDWELL Tech Warrants	Pair Corr
0.48	BW	Babcock Wilcox Enter	Pair Corr

The ability to find closely correlated positions to Thermon Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermon Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thermon Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thermon Group Holdings to buy it.

The correlation of Thermon Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thermon Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermon Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Thermon Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Thermon Stock Analysis

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

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