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Year on year Tri-Continental Corporation had relatively flat revenues (68.21m to 67.10m), though the company grew net income from a loss of 292.20m to a gain of 253.08m. A reduction in the cost of goods sold as a percentage of sales from 10.84% to 10.38% was a component in the net income growth despite flat revenues.
| Gross margin | 89.62% |
|---|---|
| Net profit margin | 377.16% |
| Operating margin | 88.65% |
| Return on assets | 15.02% |
|---|---|
| Return on equity | 15.39% |
| Return on investment | 15.05% |
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Cash flow in USDView more
In 2023, Tri-Continental Corporation increased its cash reserves by 8.30%, or 134.06m. The company earned 253.08m from its operations for a Cash Flow Margin of 377.16%. In addition the company used on investing activities and also paid 119.02m in financing cash flows.
| Cash flow per share | -- |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 33.37 |
|---|---|
| Tangible book value per share | 33.37 |
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Balance sheet in USDView more
| Current ratio | -- |
|---|---|
| Quick ratio | -- |
| Total debt/total equity | 0.00 |
|---|---|
| Total debt/total capital | 0.00 |
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Growth rates in USD
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 34.79% and 189.67%, respectively. The positive trend in dividend payments is noteworthy since only some companies in the Investment Services industry pay a dividend. Additionally, five year annualized dividend per share growth is in-line with the industry average relative to its peers.
| Div yield(5 year avg) | 3.51% |
|---|---|
| Div growth rate (5 year) | 3.15% |
| Payout ratio (TTM) | 26.37% |
| EPS growth(5 years) | -- |
|---|---|
| EPS (TTM) vs TTM 1 year ago | 189.69 |
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