Trio Retained Earnings vs Cash And Equivalents Analysis

TRT Stock

USD 6.19 0.19 3.17%

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 closely tied 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

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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 closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Trio Tech's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 5.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 7.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	11.7M	11.7M	10.8M	9.2M
Total Revenue	44.1M	43.3M	42.3M	33.8M

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		-0.41	-0.75	0.1	-0.58	-0.17	-0.87	-0.45	0.07	-0.73	0.14	-0.92	-0.6	0.22	-0.43	-0.54	-0.04	0.36	0.96	-0.63	0.08	-0.65	0.17	-0.38	0.48	-0.38
Total Assets	-0.41		0.39	0.63	0.65	0.94	0.57	-0.24	0.67	0.34	0.56	0.42	0.27	0.55	0.81	0.44	0.63	0.44	-0.24	0.66	0.85	0.21	0.37	0.94	0.26	0.96
Short Long Term Debt Total	-0.75	0.39		0.26	0.87	0.07	0.81	0.7	-0.27	0.64	-0.32	0.83	0.63	-0.4	0.67	0.63	-0.01	-0.21	-0.71	0.89	-0.05	0.93	-0.28	0.19	-0.57	0.22
Other Current Liab	0.1	0.63	0.26		0.55	0.58	0.24	-0.2	0.42	-0.15	0.42	0.08	0.08	0.35	0.66	0.25	0.39	0.58	0.17	0.52	0.65	0.16	0.27	0.47	0.16	0.54
Total Current Liabilities	-0.58	0.65	0.87	0.55		0.37	0.66	0.32	0.11	0.64	0.1	0.64	0.48	-0.03	0.9	0.52	0.4	0.17	-0.49	0.97	0.35	0.82	0.06	0.46	-0.31	0.48
Total Stockholder Equity	-0.17	0.94	0.07	0.58	0.37		0.32	-0.48	0.79	0.09	0.68	0.15	0.05	0.71	0.62	0.22	0.61	0.52	0.01	0.37	0.94	-0.11	0.47	0.96	0.48	0.96
Property Plant And Equipment Net	-0.87	0.57	0.81	0.24	0.66	0.32		0.48	-0.04	0.57	-0.15	0.96	0.7	-0.2	0.52	0.75	0.03	-0.27	-0.84	0.76	0.07	0.62	-0.25	0.44	-0.43	0.47
Net Debt	-0.45	-0.24	0.7	-0.2	0.32	-0.48	0.48		-0.82	0.39	-0.9	0.59	0.51	-0.89	0.08	0.45	-0.44	-0.66	-0.51	0.39	-0.6	0.68	-0.71	-0.41	-0.75	-0.42
Retained Earnings	0.07	0.67	-0.27	0.42	0.11	0.79	-0.04	-0.82		-0.11	0.93	-0.21	-0.23	0.97	0.34	0.0	0.61	0.76	0.18	0.09	0.85	-0.38	0.75	0.74	0.78	0.78
Accounts Payable	-0.73	0.34	0.64	-0.15	0.64	0.09	0.57	0.39	-0.11		-0.13	0.64	0.54	-0.23	0.49	0.47	0.41	-0.35	-0.69	0.66	0.0	0.61	-0.21	0.27	-0.42	0.21
Cash	0.14	0.56	-0.32	0.42	0.1	0.68	-0.15	-0.9	0.93	-0.13		-0.27	-0.29	0.93	0.3	-0.22	0.58	0.75	0.25	0.02	0.77	-0.34	0.77	0.66	0.65	0.69
Non Current Assets Total	-0.92	0.42	0.83	0.08	0.64	0.15	0.96	0.59	-0.21	0.64	-0.27		0.76	-0.38	0.44	0.62	-0.04	-0.42	-0.91	0.7	-0.12	0.73	-0.3	0.32	-0.62	0.33
Non Currrent Assets Other	-0.6	0.27	0.63	0.08	0.48	0.05	0.7	0.51	-0.23	0.54	-0.29	0.76		-0.33	0.25	0.56	0.05	-0.31	-0.62	0.56	-0.14	0.54	-0.19	0.16	-0.44	0.14
Cash And Short Term Investments	0.22	0.55	-0.4	0.35	-0.03	0.71	-0.2	-0.89	0.97	-0.23	0.93	-0.38	-0.33		0.2	-0.12	0.53	0.77	0.35	-0.06	0.81	-0.51	0.73	0.64	0.87	0.68
Net Receivables	-0.43	0.81	0.67	0.66	0.9	0.62	0.52	0.08	0.34	0.49	0.3	0.44	0.25	0.2		0.46	0.5	0.41	-0.27	0.86	0.63	0.57	0.26	0.66	-0.07	0.68
Non Current Liabilities Total	-0.54	0.44	0.63	0.25	0.52	0.22	0.75	0.45	0.0	0.47	-0.22	0.62	0.56	-0.12	0.46		0.12	-0.09	-0.55	0.72	0.12	0.35	-0.26	0.21	-0.12	0.27
Inventory	-0.04	0.63	-0.01	0.39	0.4	0.61	0.03	-0.44	0.61	0.41	0.58	-0.04	0.05	0.53	0.5	0.12		0.4	0.04	0.36	0.71	-0.03	0.4	0.57	0.33	0.54
Other Current Assets	0.36	0.44	-0.21	0.58	0.17	0.52	-0.27	-0.66	0.76	-0.35	0.75	-0.42	-0.31	0.77	0.41	-0.09	0.4		0.48	0.11	0.72	-0.23	0.86	0.41	0.68	0.47
Other Stockholder Equity	0.96	-0.24	-0.71	0.17	-0.49	0.01	-0.84	-0.51	0.18	-0.69	0.25	-0.91	-0.62	0.35	-0.27	-0.55	0.04	0.48		-0.56	0.26	-0.63	0.3	-0.2	0.57	-0.2
Total Liab	-0.63	0.66	0.89	0.52	0.97	0.37	0.76	0.39	0.09	0.66	0.02	0.7	0.56	-0.06	0.86	0.72	0.36	0.11	-0.56		0.32	0.77	-0.03	0.43	-0.29	0.47
Total Current Assets	0.08	0.85	-0.05	0.65	0.35	0.94	0.07	-0.6	0.85	0.0	0.77	-0.12	-0.14	0.81	0.63	0.12	0.71	0.72	0.26	0.32		-0.19	0.58	0.84	0.64	0.86
Short Term Debt	-0.65	0.21	0.93	0.16	0.82	-0.11	0.62	0.68	-0.38	0.61	-0.34	0.73	0.54	-0.51	0.57	0.35	-0.03	-0.23	-0.63	0.77	-0.19		-0.23	0.04	-0.71	0.04
Property Plant And Equipment Gross	0.17	0.37	-0.28	0.27	0.06	0.47	-0.25	-0.71	0.75	-0.21	0.77	-0.3	-0.19	0.73	0.26	-0.26	0.4	0.86	0.3	-0.03	0.58	-0.23		0.45	0.56	0.48
Common Stock Total Equity	-0.38	0.94	0.19	0.47	0.46	0.96	0.44	-0.41	0.74	0.27	0.66	0.32	0.16	0.64	0.66	0.21	0.57	0.41	-0.2	0.43	0.84	0.04	0.45		0.33	0.99
Short Term Investments	0.48	0.26	-0.57	0.16	-0.31	0.48	-0.43	-0.75	0.78	-0.42	0.65	-0.62	-0.44	0.87	-0.07	-0.12	0.33	0.68	0.57	-0.29	0.64	-0.71	0.56	0.33		0.36
Common Stock	-0.38	0.96	0.22	0.54	0.48	0.96	0.47	-0.42	0.78	0.21	0.69	0.33	0.14	0.68	0.68	0.27	0.54	0.47	-0.2	0.47	0.86	0.04	0.48	0.99	0.36

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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	4.3M	3.7M
Total Assets	35.7M	38.3M	43.4M	42.2M	42.5M	32.0M
Short Long Term Debt Total	4.1M	4.5M	6.1M	4.1M	2.9M	3.8M
Other Current Liab	2.8M	2.7M	5.0M	4.2M	3.6M	2.9M
Total Current Liabilities	7.2M	8.8M	11.9M	9.3M	9.4M	9.0M
Total Stockholder Equity	24.0M	25.6M	27.9M	29.4M	31.3M	18.3M
Property Plant And Equipment Net	11.3M	11.4M	11.6M	11.0M	7.8M	9.7M
Net Debt	(41K)	(1.4M)	(1.6M)	(3.5M)	(7.2M)	(6.8M)
Retained Earnings	8.0M	6.8M	9.2M	10.8M	11.8M	12.4M
Accounts Payable	2.6M	3.7M	2.4M	1.7M	3.2M	3.0M
Cash	4.2M	5.8M	7.7M	7.6M	10.0M	10.5M
Non Current Assets Total	15.5M	14.3M	14.2M	13.4M	10.4M	13.0M
Non Currrent Assets Other	4.0M	2.7M	2.4M	2.3M	2.4M	2.3M
Cash And Short Term Investments	10.8M	12.5M	13.1M	14.2M	16.5M	17.4M
Net Receivables	6.9M	9.0M	12.6M	10.8M	11.2M	8.2M
Liabilities And Stockholders Equity	35.7M	38.3M	43.4M	42.2M	42.5M	32.0M
Non Current Liabilities Total	3.3M	3.5M	3.5M	3.3M	1.5M	2.5M
Inventory	1.9M	2.1M	2.3M	2.2M	3.2M	2.1M
Other Current Assets	341K	418K	1.2M	1.7M	1.3M	1.3M
Other Stockholder Equity	3.4M	4.2M	4.7M	5.1M	5.5M	3.4M
Total Liab	10.5M	12.3M	15.4M	12.6M	11.0M	11.6M
Total Current Assets	20.2M	24.0M	29.2M	28.8M	32.2M	19.0M
Short Term Debt	1.3M	1.4M	2.7M	1.7M	1.5M	1.9M
Property Plant And Equipment Gross	11.3M	11.8M	11.6M	45.5M	41.7M	43.8M
Accumulated Other Comprehensive Income	1.1M	2.4M	1.2M	758K	660K	1.0M
Short Term Investments	6.7M	6.7M	5.4M	6.6M	6.5M	6.8M
Other Assets	4.2M	2.9M	2.6M	1.9M	2.2M	3.1M
Long Term Debt	1.9M	1.6M	1.3M	877K	613K	582.4K
Property Plant Equipment	11.3M	11.4M	11.6M	11.4M	13.1M	10.9M
Current Deferred Revenue	594K	740K	998K	1.3M	754K	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

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