Trio Total Current Liabilities vs Retained Earnings Analysis

TRT Stock

USD 6.23 0.11 1.80%

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 Total Current Liabilities and its Retained Earnings 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 closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Total Current Liabilities vs Retained Earnings

Total Current Liabilities vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trio Tech International Total Current Liabilities account and Retained Earnings. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Trio Tech's Total Current Liabilities and Retained Earnings is 0.17. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Retained Earnings 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 Total Current Liabilities and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Trio Tech International are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Current Liabilities i.e., Trio Tech's Total Current Liabilities and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Trio Tech balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Trio Tech International are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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.

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 closely tied 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

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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 against Trio Stock

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0.36	INTC	Intel Aggressive Push	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

Additional 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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