Trio Tech International Stock Z Score

TRT Stock

USD 6.15 0.10 1.60%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Trio Tech Piotroski F Score and Trio Tech Valuation analysis.

At this time, Trio Tech's Capital Lease Obligations is comparatively stable compared to the past year. Change In Working Capital is likely to gain to about 2.4 M in 2024, whereas Net Working Capital is likely to drop slightly above 14.7 M in 2024. At this time, Trio Tech's Net Income Applicable To Common Shares is comparatively stable compared to the past year. Selling And Marketing Expenses is likely to gain to about 622.6 K in 2024, whereas Other Operating Expenses is likely to drop slightly above 33.3 M in 2024.

Trio Tech International Company Z Score Analysis

Trio Tech's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

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First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Trio Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Trio Tech is extremely important. It helps to project a fair market value of Trio Stock properly, considering its historical fundamentals such as Z Score. Since Trio Tech's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Trio Tech's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Trio Tech's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		0.95	-0.29	0.68	0.14	0.82	0.74	0.89	0.2	0.29	0.96	0.14	0.79	-0.55	0.65	0.46	-0.58	0.69	-0.19	0.5	-0.44	0.6	0.59	0.63	0.52
Total Stockholder Equity	0.95		-0.51	0.77	-0.09	0.66	0.51	0.94	-0.08	0.48	0.97	-0.1	0.64	-0.4	0.78	0.61	-0.7	0.83	-0.18	0.57	-0.63	0.71	0.65	0.76	0.59
Net Debt	-0.29	-0.51		-0.77	0.59	0.1	0.3	-0.59	0.74	-0.74	-0.44	0.74	0.16	-0.26	-0.76	-0.84	0.83	-0.76	0.03	-0.59	0.84	-0.74	-0.7	-0.76	-0.63
Retained Earnings	0.68	0.77	-0.77		-0.26	0.37	0.22	0.83	-0.35	0.76	0.78	-0.29	0.31	-0.09	0.85	0.82	-0.89	0.82	-0.13	0.73	-0.77	0.86	0.72	0.86	0.78
Accounts Payable	0.14	-0.09	0.59	-0.26		0.32	0.56	-0.19	0.63	-0.51	0.02	0.82	0.49	-0.65	-0.48	-0.27	0.39	-0.51	-0.03	-0.34	0.36	-0.49	-0.43	-0.51	-0.45
Net Receivables	0.82	0.66	0.1	0.37	0.32		0.93	0.67	0.57	-0.05	0.7	0.31	0.72	-0.48	0.37	0.11	-0.31	0.43	-0.11	0.25	-0.03	0.39	0.48	0.35	0.4
Total Liab	0.74	0.51	0.3	0.22	0.56	0.93		0.5	0.71	-0.19	0.58	0.54	0.75	-0.57	0.2	-0.08	-0.11	0.2	-0.05	0.12	0.18	0.2	0.3	0.16	0.21
Total Current Assets	0.89	0.94	-0.59	0.83	-0.19	0.67	0.5		-0.15	0.62	0.89	-0.26	0.44	-0.15	0.89	0.65	-0.76	0.91	-0.03	0.59	-0.6	0.85	0.81	0.89	0.74
Short Term Debt	0.2	-0.08	0.74	-0.35	0.63	0.57	0.71	-0.15		-0.7	0.05	0.65	0.54	-0.57	-0.43	-0.5	0.31	-0.36	-0.28	-0.22	0.66	-0.37	-0.2	-0.45	-0.26
Short Term Investments	0.29	0.48	-0.74	0.76	-0.51	-0.05	-0.19	0.62	-0.7		0.38	-0.52	-0.23	0.43	0.77	0.65	-0.65	0.71	0.18	0.44	-0.64	0.76	0.54	0.85	0.64
Common Stock	0.96	0.97	-0.44	0.78	0.02	0.7	0.58	0.89	0.05	0.38		0.03	0.76	-0.53	0.7	0.58	-0.71	0.77	-0.31	0.64	-0.62	0.67	0.61	0.69	0.6
Long Term Debt	0.14	-0.1	0.74	-0.29	0.82	0.31	0.54	-0.26	0.65	-0.52	0.03		0.6	-0.66	-0.51	-0.49	0.52	-0.55	-0.07	-0.31	0.4	-0.5	-0.56	-0.52	-0.46
Property Plant Equipment	0.79	0.64	0.16	0.31	0.49	0.72	0.75	0.44	0.54	-0.23	0.76	0.6		-0.89	0.12	0.1	-0.21	0.21	-0.46	0.3	-0.16	0.11	0.12	0.09	0.11
Current Deferred Revenue	-0.55	-0.4	-0.26	-0.09	-0.65	-0.48	-0.57	-0.15	-0.57	0.43	-0.53	-0.66	-0.89		0.21	-0.05	0.04	0.1	0.48	-0.04	0.11	0.23	0.19	0.24	0.24
Net Tangible Assets	0.65	0.78	-0.76	0.85	-0.48	0.37	0.2	0.89	-0.43	0.77	0.7	-0.51	0.12	0.21		0.64	-0.79	0.95	0.11	0.73	-0.62	0.97	0.89	0.98	0.89
Total Permanent Equity	0.46	0.61	-0.84	0.82	-0.27	0.11	-0.08	0.65	-0.5	0.65	0.58	-0.49	0.1	-0.05	0.64		-0.8	0.67	-0.26	0.55	-0.79	0.63	0.54	0.66	0.52
Long Term Debt Total	-0.58	-0.7	0.83	-0.89	0.39	-0.31	-0.11	-0.76	0.31	-0.65	-0.71	0.52	-0.21	0.04	-0.79	-0.8		-0.87	0.32	-0.74	0.74	-0.83	-0.8	-0.82	-0.8
Capital Surpluse	0.69	0.83	-0.76	0.82	-0.51	0.43	0.2	0.91	-0.36	0.71	0.77	-0.55	0.21	0.1	0.95	0.67	-0.87		-0.1	0.73	-0.67	0.94	0.89	0.96	0.88
Deferred Long Term Liab	-0.19	-0.18	0.03	-0.13	-0.03	-0.11	-0.05	-0.03	-0.28	0.18	-0.31	-0.07	-0.46	0.48	0.11	-0.26	0.32	-0.1		-0.3	0.13	0.01	0.03	0.06	-0.05
Long Term Investments	0.5	0.57	-0.59	0.73	-0.34	0.25	0.12	0.59	-0.22	0.44	0.64	-0.31	0.3	-0.04	0.73	0.55	-0.74	0.73	-0.3		-0.54	0.8	0.66	0.68	0.86
Short Long Term Debt	-0.44	-0.63	0.84	-0.77	0.36	-0.03	0.18	-0.6	0.66	-0.64	-0.62	0.4	-0.16	0.11	-0.62	-0.79	0.74	-0.67	0.13	-0.54		-0.59	-0.46	-0.65	-0.48
Net Invested Capital	0.6	0.71	-0.74	0.86	-0.49	0.39	0.2	0.85	-0.37	0.76	0.67	-0.5	0.11	0.23	0.97	0.63	-0.83	0.94	0.01	0.8	-0.59		0.91	0.97	0.96
Cash And Equivalents	0.59	0.65	-0.7	0.72	-0.43	0.48	0.3	0.81	-0.2	0.54	0.61	-0.56	0.12	0.19	0.89	0.54	-0.8	0.89	0.03	0.66	-0.46	0.91		0.85	0.88
Net Working Capital	0.63	0.76	-0.76	0.86	-0.51	0.35	0.16	0.89	-0.45	0.85	0.69	-0.52	0.09	0.24	0.98	0.66	-0.82	0.96	0.06	0.68	-0.65	0.97	0.85		0.88
Capital Stock	0.52	0.59	-0.63	0.78	-0.45	0.4	0.21	0.74	-0.26	0.64	0.6	-0.46	0.11	0.24	0.89	0.52	-0.8	0.88	-0.05	0.86	-0.48	0.96	0.88	0.88

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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

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Predict Trio Tech

Based on the company's disclosures, Trio Tech International has a Z Score of 0.0. This is 100.0% lower than that of the Semiconductors & Semiconductor Equipment sector and 100.0% lower than that of the Information Technology industry. The z score for all United States stocks is 100.0% higher than that of the company.

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Trio Tech ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Trio Tech's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Trio Tech's managers, analysts, and investors.

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Trio Fundamentals

	Return On Equity	0.0327
	Return On Asset	0.0132
	Profit Margin	0.02 %
	Operating Margin	0.01 %
	Current Valuation	12.65 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	26.14 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.

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.

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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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Trio Tech International Stock Z Score

Trio Tech International Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Trio Z Score Driver Correlations

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Trio Tech ESG Sustainability

Trio Fundamentals

About Trio Tech Fundamental Analysis

Pair Trading with Trio Tech

Additional Tools for Trio Stock Analysis

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