Tungray Technologies Inc Class A Ordinary Shares (TRSG) - Net Assets
Based on the latest financial reports, Tungray Technologies Inc Class A Ordinary Shares (TRSG) has net assets worth $14.02 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.10 Million) and total liabilities ($9.08 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TRSG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.02 Million |
| % of Total Assets | 60.7% |
| Annual Growth Rate | 28.9% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 16.96 |
Tungray Technologies Inc Class A Ordinary Shares - Net Assets Trend (2021–2025)
This chart illustrates how Tungray Technologies Inc Class A Ordinary Shares's net assets have evolved over time, based on quarterly financial data. See Tungray Technologies Inc Class A Ordinar defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tungray Technologies Inc Class A Ordinary Shares (2021–2025)
The table below shows the annual net assets of Tungray Technologies Inc Class A Ordinary Shares from 2021 to 2025. For live valuation and market cap data, see Tungray Technologies Inc Class A Ordinar (TRSG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $17.26 Million | +6.41% |
| 2024-06-30 | $16.22 Million | +42.43% |
| 2023-06-30 | $11.39 Million | +21.94% |
| 2022-06-30 | $9.34 Million | +49.35% |
| 2021-06-30 | $6.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tungray Technologies Inc Class A Ordinary Shares's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 57.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.05 Million | 86.38% |
| Common Stock | $1.64K | 0.01% |
| Other Comprehensive Income | $-763.43K | -4.38% |
| Other Components | $3.14 Million | 17.99% |
| Total Equity | $17.42 Million | 100.00% |
Tungray Technologies Inc Class A Ordinary Shares Competitors by Market Cap
The table below lists competitors of Tungray Technologies Inc Class A Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Microba Life Sciences Ltd
AU:MAP
|
$18.53 Million |
|
TMK Energy Ltd
AU:TMK
|
$18.53 Million |
|
InfoBank Corporation
KQ:039290
|
$18.54 Million |
|
Southern Energy Corp
V:SOU
|
$18.55 Million |
|
CHARBONE HYDROGEN CORP.
F:K47
|
$18.51 Million |
|
Tempest Therapeutics Inc
NASDAQ:TPST
|
$18.51 Million |
|
Dong Il Steel MFG Co Ltd
KO:002690
|
$18.50 Million |
|
North Eastern Carrying Corporation Limited
NSE:NECCLTD
|
$18.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tungray Technologies Inc Class A Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,219,868 to 17,423,876, a change of 1,204,008 (7.4%).
- Net loss of 480,019 reduced equity.
- Dividend payments of 517,140 reduced retained earnings.
- New share issuances of 5,000,000 increased equity.
- Other comprehensive income decreased equity by 790,307.
- Other factors decreased equity by 2,008,526.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-480.02K | -2.75% |
| Dividends Paid | $517.14K | -2.97% |
| Share Issuances | $5.00 Million | +28.7% |
| Other Comprehensive Income | $-790.31K | -4.54% |
| Other Changes | $-2.01 Million | -11.53% |
| Total Change | $- | 7.42% |
Book Value vs Market Value Analysis
This analysis compares Tungray Technologies Inc Class A Ordinary Shares's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.08x to 1.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $0.38 | $1.57 | x |
| 2022-06-30 | $0.57 | $1.57 | x |
| 2023-06-30 | $0.70 | $1.57 | x |
| 2024-06-30 | $1.08 | $1.57 | x |
| 2025-06-30 | $1.07 | $1.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tungray Technologies Inc Class A Ordinary Shares utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.75%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.72x
- Recent ROE (-2.75%) is below the historical average (13.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 14.18% | 12.86% | 0.48x | 2.29x | $261.28K |
| 2022 | 32.74% | 23.53% | 0.68x | 2.05x | $2.12 Million |
| 2023 | 18.40% | 17.71% | 0.62x | 1.69x | $957.68K |
| 2024 | 5.64% | 6.37% | 0.53x | 1.66x | $-706.56K |
| 2025 | -2.75% | -3.75% | 0.43x | 1.72x | $-2.22 Million |
Industry Comparison
This section compares Tungray Technologies Inc Class A Ordinary Shares's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $274,847,400
- Average return on equity (ROE) among peers: 7.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tungray Technologies Inc Class A Ordinary Shares (TRSG) | $14.02 Million | 14.18% | 0.65x | $18.52 Million |
| Ampco-Pittsburgh Corporation (AP) | $119.70 Million | 10.36% | 0.57x | $212.21 Million |
| Allegheny Technologies Incorporated (ATI) | $832.70 Million | 22.17% | 4.15x | $19.84 Billion |
| Commercial Metals Company (CMC) | $133.70 Million | 6.96% | 1.11x | $8.15 Billion |
| CompoSecure, Inc. (CMPO) | $-292.00 Million | 0.00% | 0.00x | $2.49 Billion |
| CompoSecure, Inc. (CMPO) | $-55.55 Million | 0.00% | 0.00x | $4.78 Billion |
| Carpenter Technology Corporation (CRS) | $617.00 Million | 7.76% | 1.43x | $27.90 Billion |
| ESAB Corp (ESAB) | $1.39 Billion | 16.11% | 1.70x | $6.15 Billion |
| Gulf Island Fabrication Inc (GIFI) | $287.19 Million | 4.56% | 0.17x | $188.30 Million |
| GPGI, Inc. (GPGI) | $-292.00 Million | 0.00% | 0.00x | $3.86 Billion |
| Highway Holdings Limited (HIHO) | $9.27 Million | 4.78% | 0.60x | $3.65 Million |
About Tungray Technologies Inc Class A Ordinary Shares
Tungray Technologies Inc., an engineer-to-order company, through its subsidiaries, provides customized industrial manufacturing solutions in China and Singapore. It offers customized industrial test and tooling solutions; welding equipment manufacturing; and direct drive and linear direct current motors. The company also designs, develops, and manufactures non- standard equipment, such as automat… Read more