We discuss the dynamic force and torque characteristic of annular gaps resulting from an axial flow component. First, the rotordynamic influence of annular gaps with an axial flow component is recapitulated. So far there is a severe lack of understanding the dynamic force and torque characteristic of annular gaps. Second, a new simulation method is presented, using a perturbed integro-differential approach in combination with power-law ansatz functions for the velocity profiles and a Hirs' model to calculate the dynamic force and torque characteristics. Third, an extensive parameter study is carried out. To evaluate whether or not the hydraulic tilt and torque coefficients need to be taken into account, an effective stiffness is defined and the influence of the annulus length, an eccentrically operated shaft, the centre of rotation, a modified Reynolds number, the flow number and the pre-swirl is investigated.