Trio Retained Earnings vs Cash And Equivalents Analysis

TRT Stock

USD 6.42 0.20 3.22%

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 Retained Earnings and its Cash And Equivalents 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.

Retained Earnings vs Cash And Equivalents

Retained Earnings vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trio Tech International Retained Earnings account and Cash And Equivalents. At this time, the significance of the direction appears to have strong relationship.

The correlation between Trio Tech's Retained Earnings and Cash And Equivalents is 0.72. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash And Equivalents 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 Retained Earnings and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Trio Tech International are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Retained Earnings i.e., Trio Tech's Retained Earnings and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash And Equivalents

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

Gross Profit Total Revenue

Trio Tech fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Property Plant And Equipment Gross	Common Stock Total Equity	Short Term Investments	Common Stock
Common Stock Shares Outstanding		-0.17	-0.63	0.39	-0.42	0.01	-0.63	-0.5	0.16	-0.79	0.21	-0.79	-0.55	0.3	-0.24	-0.24	-0.06	0.32	0.97	-0.4	0.22	-0.59	0.29	-0.23	0.49	-0.14
Total Assets	-0.17		0.45	0.71	0.67	0.95	0.77	-0.29	0.68	0.14	0.63	0.5	0.24	0.58	0.82	0.74	0.62	0.48	-0.11	0.74	0.89	0.2	0.4	0.96	0.29	0.96
Short Long Term Debt Total	-0.63	0.45		0.18	0.9	0.19	0.76	0.67	-0.17	0.67	-0.19	0.81	0.62	-0.3	0.74	0.54	0.17	0.12	-0.6	0.87	0.1	0.93	-0.17	0.33	-0.52	0.3
Other Current Liab	0.39	0.71	0.18		0.5	0.72	0.29	-0.42	0.56	-0.36	0.61	0.0	-0.06	0.54	0.68	0.43	0.42	0.79	0.44	0.52	0.81	0.02	0.43	0.58	0.35	0.66
Total Current Liabilities	-0.42	0.67	0.9	0.5		0.43	0.74	0.33	0.17	0.54	0.19	0.67	0.46	0.03	0.91	0.63	0.48	0.41	-0.38	0.98	0.43	0.8	0.13	0.52	-0.27	0.52
Total Stockholder Equity	0.01	0.95	0.19	0.72	0.43		0.61	-0.51	0.77	-0.09	0.72	0.3	0.05	0.71	0.66	0.62	0.55	0.47	0.09	0.51	0.94	-0.08	0.45	0.95	0.48	0.97
Property Plant And Equipment Net	-0.63	0.77	0.76	0.29	0.74	0.61		0.25	0.2	0.54	0.16	0.93	0.68	0.04	0.7	0.69	0.34	0.01	-0.61	0.78	0.39	0.57	0.02	0.75	-0.28	0.7
Net Debt	-0.5	-0.29	0.67	-0.42	0.33	-0.51	0.25		-0.77	0.59	-0.84	0.49	0.54	-0.84	0.1	0.11	-0.32	-0.36	-0.53	0.3	-0.59	0.74	-0.56	-0.38	-0.74	-0.44
Retained Earnings	0.16	0.68	-0.17	0.56	0.17	0.77	0.2	-0.77		-0.26	0.93	-0.09	-0.22	0.97	0.37	0.34	0.54	0.57	0.2	0.22	0.83	-0.35	0.77	0.73	0.76	0.78
Accounts Payable	-0.79	0.14	0.67	-0.36	0.54	-0.09	0.54	0.59	-0.26		-0.29	0.67	0.55	-0.37	0.32	0.43	0.34	-0.28	-0.8	0.56	-0.19	0.63	-0.36	0.1	-0.51	0.02
Cash	0.21	0.63	-0.19	0.61	0.19	0.72	0.16	-0.84	0.93	-0.29		-0.11	-0.28	0.93	0.35	0.18	0.52	0.55	0.25	0.2	0.79	-0.3	0.74	0.69	0.63	0.74
Non Current Assets Total	-0.79	0.5	0.81	0.0	0.67	0.3	0.93	0.49	-0.09	0.67	-0.11		0.76	-0.26	0.53	0.51	0.16	-0.25	-0.8	0.68	0.05	0.72	-0.17	0.5	-0.56	0.43
Non Currrent Assets Other	-0.55	0.24	0.62	-0.06	0.46	0.05	0.68	0.54	-0.22	0.55	-0.28	0.76		-0.32	0.24	0.51	0.11	-0.23	-0.59	0.51	-0.13	0.53	-0.19	0.18	-0.43	0.12
Cash And Short Term Investments	0.3	0.58	-0.3	0.54	0.03	0.71	0.04	-0.84	0.97	-0.37	0.93	-0.26	-0.32		0.24	0.23	0.46	0.58	0.35	0.09	0.81	-0.48	0.74	0.64	0.86	0.7
Net Receivables	-0.24	0.82	0.74	0.68	0.91	0.66	0.7	0.1	0.37	0.32	0.35	0.53	0.24	0.24		0.73	0.5	0.56	-0.17	0.93	0.67	0.57	0.28	0.69	-0.05	0.7
Non Current Liabilities Total	-0.24	0.74	0.54	0.43	0.63	0.62	0.69	0.11	0.34	0.43	0.18	0.51	0.51	0.23	0.73		0.56	0.36	-0.22	0.77	0.59	0.24	0.12	0.62	0.13	0.6
Inventory	-0.06	0.62	0.17	0.42	0.48	0.55	0.34	-0.32	0.54	0.34	0.52	0.16	0.11	0.46	0.5	0.56		0.33	-0.07	0.54	0.63	0.05	0.28	0.5	0.26	0.51
Other Current Assets	0.32	0.48	0.12	0.79	0.41	0.47	0.01	-0.36	0.57	-0.28	0.55	-0.25	-0.23	0.58	0.56	0.36	0.33		0.4	0.43	0.68	-0.04	0.38	0.35	0.54	0.43
Other Stockholder Equity	0.97	-0.11	-0.6	0.44	-0.38	0.09	-0.61	-0.53	0.2	-0.8	0.25	-0.8	-0.59	0.35	-0.17	-0.22	-0.07	0.4		-0.37	0.3	-0.59	0.31	-0.16	0.57	-0.07
Total Liab	-0.4	0.74	0.87	0.52	0.98	0.51	0.78	0.3	0.22	0.56	0.2	0.68	0.51	0.09	0.93	0.77	0.54	0.43	-0.37		0.5	0.71	0.13	0.59	-0.19	0.58
Total Current Assets	0.22	0.89	0.1	0.81	0.43	0.94	0.39	-0.59	0.83	-0.19	0.79	0.05	-0.13	0.81	0.67	0.59	0.63	0.68	0.3	0.5		-0.15	0.55	0.84	0.62	0.89
Short Term Debt	-0.59	0.2	0.93	0.02	0.8	-0.08	0.57	0.74	-0.35	0.63	-0.3	0.72	0.53	-0.48	0.57	0.24	0.05	-0.04	-0.59	0.71	-0.15		-0.19	0.08	-0.7	0.05
Property Plant And Equipment Gross	0.29	0.4	-0.17	0.43	0.13	0.45	0.02	-0.56	0.77	-0.36	0.74	-0.17	-0.19	0.74	0.28	0.12	0.28	0.38	0.31	0.13	0.55	-0.19		0.43	0.53	0.5
Common Stock Total Equity	-0.23	0.96	0.33	0.58	0.52	0.95	0.75	-0.38	0.73	0.1	0.69	0.5	0.18	0.64	0.69	0.62	0.5	0.35	-0.16	0.59	0.84	0.08	0.43		0.32	0.99
Short Term Investments	0.49	0.29	-0.52	0.35	-0.27	0.48	-0.28	-0.74	0.76	-0.51	0.63	-0.56	-0.43	0.86	-0.05	0.13	0.26	0.54	0.57	-0.19	0.62	-0.7	0.53	0.32		0.38
Common Stock	-0.14	0.96	0.3	0.66	0.52	0.97	0.7	-0.44	0.78	0.02	0.74	0.43	0.12	0.7	0.7	0.6	0.51	0.43	-0.07	0.58	0.89	0.05	0.5	0.99	0.38

Click cells to compare fundamentals

Trio Tech Account Relationship Matchups

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 together with Trio Stock

0.72

Micron Technology Financial Report 26th of June 2024

Pair Corr

Moving against Trio Stock

0.64	STM	STMicroelectronics NV ADR Financial Report 25th of July 2024	Pair Corr
0.63	PRSO	Peraso Inc	Pair Corr
0.61	AMD	Advanced Micro Devices	Pair Corr
0.56	ON	ON Semiconductor	Pair Corr
0.54	INTC	Intel Financial Report 25th of July 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Trio Tech International is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Trio Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Trio Tech International Stock. Highlighted below are key reports to facilitate an investment decision about Trio Tech International Stock:

How To Invest In Trio

Details

Is Trio Stock a good investment?

Details

What is Trio Tech's Net Worth?

Details

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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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for Trio Stock analysis

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

0.23

Revenue Per Share

10.098

Quarterly Revenue Growth

0.056

Return On Assets

0.0132

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.

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Trio Retained Earnings vs Cash And Equivalents Analysis

Retained Earnings vs Cash And Equivalents

Retained Earnings vs Cash And Equivalents Correlation Analysis

Correlation Coefficient

Retained Earnings

Cash And Equivalents

Trio Tech fundamental ratios Correlations

Trio Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Trio Tech fundamental ratios Accounts

Pair Trading with Trio Tech

Moving together with Trio Stock

Moving against Trio Stock

Complementary Tools for Trio Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.99	Common Stock Total Equity
Total Liab	+ 0.98	Total Current Liabilities
Other Stockholder Equity	+ 0.97	Common Stock Shares Outstanding
Common Stock	+ 0.97	Total Stockholder Equity
Cash And Short Term Investments	+ 0.97	Retained Earnings
Common Stock Total Equity	+ 0.96	Total Assets

Cash And Short Term Investments	- 0.84	Net Debt
Cash	- 0.84	Net Debt
Other Stockholder Equity	- 0.8	Non Current Assets Total
Other Stockholder Equity	- 0.8	Accounts Payable
Non Current Assets Total	- 0.79	Common Stock Shares Outstanding
Accounts Payable	- 0.79	Common Stock Shares Outstanding