Trio Long Term Debt Total vs Total Assets Analysis
TRT Stock | USD 6.32 0.00 0.00% |
Trio Tech financial indicator trend analysis is much more than just breaking down Trio Tech International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trio Tech International is a good investment. Please check the relationship between Trio Tech Long Term Debt Total and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Tech International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Long Term Debt Total vs Total Assets
Long Term Debt Total vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trio Tech International Long Term Debt Total account and Total Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Trio Tech's Long Term Debt Total and Total Assets is -0.58. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of Trio Tech International, assuming nothing else is changed. The correlation between historical values of Trio Tech's Long Term Debt Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt Total of Trio Tech International are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Debt Total i.e., Trio Tech's Long Term Debt Total and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.58 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Long Term Debt Total
Total Assets
Total assets refers to the total amount of Trio Tech 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 Trio Tech International 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.Most indicators from Trio Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trio Tech International 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 Trio Tech International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. Selling General Administrative is likely to drop to about 7.1 M in 2024. Discontinued Operations is likely to drop to -2,415 in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.7M | 11.7M | 13.5M | 9.1M | Total Revenue | 44.1M | 43.3M | 49.7M | 33.4M |
Trio Tech fundamental ratios Correlations
Click cells to compare fundamentals
Trio Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Trio Tech fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 3.7M | 3.8M | 4.2M | 4.2M | 4.8M | 3.7M | |
Total Assets | 35.7M | 38.3M | 43.4M | 42.2M | 48.5M | 31.5M | |
Short Long Term Debt Total | 4.1M | 4.5M | 6.1M | 4.1M | 4.7M | 3.8M | |
Other Current Liab | 2.8M | 2.9M | 5.8M | 4.7M | 5.4M | 3.0M | |
Total Current Liabilities | 7.2M | 8.8M | 11.9M | 9.3M | 10.7M | 9.0M | |
Total Stockholder Equity | 24.0M | 25.6M | 27.9M | 29.4M | 33.8M | 17.8M | |
Property Plant And Equipment Net | 11.3M | 11.4M | 11.6M | 11.0M | 12.6M | 9.8M | |
Net Debt | (41K) | (1.4M) | (1.6M) | (3.5M) | (3.1M) | (3.0M) | |
Retained Earnings | 8.0M | 6.8M | 9.2M | 10.8M | 12.4M | 13.0M | |
Accounts Payable | 2.6M | 3.7M | 2.4M | 1.7M | 1.9M | 3.0M | |
Cash | 4.2M | 5.8M | 7.7M | 7.6M | 8.7M | 9.2M | |
Non Current Assets Total | 15.5M | 14.3M | 14.2M | 13.4M | 15.4M | 13.1M | |
Non Currrent Assets Other | 4.0M | 2.7M | 2.4M | 2.3M | 2.7M | 2.3M | |
Cash And Short Term Investments | 10.8M | 12.5M | 13.1M | 14.2M | 16.3M | 17.2M | |
Net Receivables | 6.9M | 9.0M | 12.6M | 10.8M | 12.4M | 8.0M | |
Liabilities And Stockholders Equity | 35.7M | 38.3M | 43.4M | 42.2M | 48.5M | 31.5M | |
Non Current Liabilities Total | 3.3M | 3.5M | 3.5M | 3.3M | 3.8M | 2.6M | |
Inventory | 1.9M | 2.1M | 2.3M | 2.2M | 2.5M | 2.1M | |
Other Current Assets | 341K | 418K | 1.2M | 694K | 624.6K | 593.4K | |
Other Stockholder Equity | 3.4M | 4.2M | 4.7M | 5.1M | 5.8M | 3.3M | |
Total Liab | 10.5M | 12.3M | 15.4M | 12.6M | 14.5M | 11.6M | |
Total Current Assets | 20.2M | 24.0M | 29.2M | 28.8M | 33.2M | 18.4M | |
Short Term Debt | 1.3M | 1.4M | 2.7M | 1.7M | 1.9M | 1.9M | |
Property Plant And Equipment Gross | 11.3M | 11.8M | 11.6M | 45.5M | 52.3M | 54.9M | |
Accumulated Other Comprehensive Income | 1.1M | 2.4M | 1.2M | 758K | 871.7K | 1.0M | |
Short Term Investments | 6.7M | 6.7M | 5.4M | 6.6M | 6.0M | 6.3M | |
Other Assets | 4.2M | 2.9M | 2.6M | 1.9M | 2.2M | 3.1M | |
Long Term Debt | 1.9M | 1.6M | 1.3M | 877K | 1.0M | 1.7M | |
Property Plant Equipment | 11.3M | 11.4M | 11.6M | 11.4M | 13.1M | 10.9M | |
Current Deferred Revenue | 594K | 740K | 998K | 1.3M | 1.1M | 1.0M | |
Other Liab | 466K | 416K | 165K | 859K | 987.9K | 1.0M | |
Net Tangible Assets | 24.0M | 25.6M | 27.9M | 29.4M | 33.8M | 25.6M | |
Retained Earnings Total Equity | 5.5M | 7.1M | 8.0M | 6.8M | 7.8M | 4.4M | |
Long Term Debt Total | 2.3M | 1.6M | 1.4M | 919K | 827.1K | 785.7K | |
Capital Surpluse | 3.4M | 4.2M | 4.7M | 5.1M | 5.8M | 3.8M |
Pair Trading with Trio Tech
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 Trio Tech 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 Trio Tech will appreciate offsetting losses from the drop in the long position's value.Moving against Trio Stock
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The ability to find closely correlated positions to Trio Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trio Tech 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 Trio Tech - 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 Trio Tech International to buy it.
The correlation of Trio Tech 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 Trio Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trio Tech International 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 Trio Tech 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trio Tech International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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When running Trio Tech's price analysis, check to measure Trio Tech'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 Trio Tech is operating at the current time. Most of Trio Tech's value examination focuses on studying past and present price action to predict the probability of Trio Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trio Tech's price. Additionally, you may evaluate how the addition of Trio Tech to your portfolios can decrease your overall portfolio volatility.
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Is Trio Tech's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trio Tech. If investors know Trio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trio Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.028 | Earnings Share 0.21 | Revenue Per Share 10.023 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0113 |
The market value of Trio Tech International is measured differently than its book value, which is the value of Trio that is recorded on the company's balance sheet. Investors also form their own opinion of Trio Tech's value that differs from its market value or its book value, called intrinsic value, which is Trio Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trio Tech's market value can be influenced by many factors that don't directly affect Trio Tech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Trio Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Trio Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trio Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.