Trio Tech International Stock Current Liabilities
| TRT Stock | USD 6.36 0.06 0.93% |
Trio Tech International fundamentals help investors to digest information that contributes to Trio Tech's financial success or failures. It also enables traders to predict the movement of Trio Stock. The fundamental analysis module provides a way to measure Trio Tech's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Trio Tech stock.
Trio |
Trio Tech International Company Current Liabilities Analysis
Trio Tech's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Current Trio Tech Current Liabilities | 8.86 M |
Most of Trio Tech's fundamental indicators, such as Current Liabilities, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Trio Tech International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
| Competition |
In accordance with the recently published financial statements, Trio Tech International has a Current Liabilities of 8.86 M. This is 99.95% lower than that of the Semiconductors & Semiconductor Equipment sector and 98.31% lower than that of the Information Technology industry. The current liabilities for all United States stocks is 99.89% higher than that of the company.
Trio Current Liabilities Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Trio Tech's direct or indirect competition against its Current Liabilities to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Trio Tech could also be used in its relative valuation, which is a method of valuing Trio Tech by comparing valuation metrics of similar companies.Trio Tech is currently under evaluation in current liabilities category among related companies.
Trio Fundamentals
| Return On Equity | 0.0327 | ||||
| Return On Asset | 0.0132 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 13.54 M | ||||
| Shares Outstanding | 4.25 M | ||||
| Shares Owned By Insiders | 38.68 % | ||||
| Shares Owned By Institutions | 15.51 % | ||||
| Number Of Shares Shorted | 22.45 K | ||||
| Price To Earning | 42.47 X | ||||
| Price To Book | 0.85 X | ||||
| Price To Sales | 0.65 X | ||||
| Revenue | 43.25 M | ||||
| Gross Profit | 11.71 M | ||||
| EBITDA | 7.85 M | ||||
| Net Income | 1.76 M | ||||
| Cash And Equivalents | 7.58 M | ||||
| Cash Per Share | 3.22 X | ||||
| Total Debt | 4.11 M | ||||
| Debt To Equity | 0.22 % | ||||
| Current Ratio | 2.45 X | ||||
| Book Value Per Share | 7.42 X | ||||
| Cash Flow From Operations | 8.11 M | ||||
| Short Ratio | 2.96 X | ||||
| Earnings Per Share | 0.23 X | ||||
| Number Of Employees | 573 | ||||
| Beta | 0.98 | ||||
| Market Capitalization | 27.03 M | ||||
| Total Asset | 42.19 M | ||||
| Retained Earnings | 10.76 M | ||||
| Working Capital | 19.5 M | ||||
| Current Asset | 15.34 M | ||||
| Current Liabilities | 8.86 M | ||||
| Net Asset | 42.19 M |
About Trio Tech Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Trio Tech International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Trio Tech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Trio Tech International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Trio Tech Piotroski F Score and Trio Tech Altman Z Score analysis. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.
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.