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 $18.03 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 ($29.51 Million) and total liabilities ($11.48 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 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.03 Million |
| % of Total Assets | 61.11% |
| Annual Growth Rate | 23.6% |
| 5-Year Change | 93.11% |
| 10-Year Change | N/A |
| Growth Volatility | 18.29 |
Tungray Technologies Inc Class A Ordinary Shares - Net Assets Trend (2021–2026)
This chart illustrates how Tungray Technologies Inc Class A Ordinary Shares's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Tungray Technologies Inc Class A Ordinar.
Annual Net Assets for Tungray Technologies Inc Class A Ordinary Shares (2021–2026)
The table below shows the annual net assets of Tungray Technologies Inc Class A Ordinary Shares from 2021 to 2026. Also explore Tungray Technologies Inc Class A Ordinar annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | $18.03 Million | +4.49% |
| 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 57.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.04 Million | 81.86% |
| Common Stock | $1.64K | 0.01% |
| Other Comprehensive Income | $226.74K | 1.23% |
| Other Components | $3.10 Million | 16.90% |
| Total Equity | $18.37 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 |
|---|---|
|
Karyon Industries Bhd
KLSE:0054
|
$17.92 Million |
|
A.S. Création Tapeten AG
F:ACWN
|
$17.92 Million |
|
OYAK Yatirim Ortakligi AS
IS:OYAYO
|
$17.92 Million |
|
Elspec
TA:ELSPC
|
$17.92 Million |
|
Mesiniaga Bhd
KLSE:5011
|
$17.89 Million |
|
1CM INC.
F:IQ70
|
$17.89 Million |
|
88 Energy Ltd
AU:88E
|
$17.89 Million |
|
Energean Oil & Gas PLC
LSE:ENOG
|
$17.89 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 2025 to 2026, total equity changed from 17,423,876 to 18,369,305, a change of 945,429 (5.4%).
- Net loss of 10,267 reduced equity.
- Other comprehensive income increased equity by 990,167.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.27K | -0.06% |
| Other Comprehensive Income | $990.17K | +5.39% |
| Other Changes | $-34.47K | -0.19% |
| Total Change | $- | 5.43% |
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: 1.35x
- 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 3.95x to 1.35x 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 | $1.52 | x |
| 2022-06-30 | $0.57 | $1.52 | x |
| 2023-06-30 | $0.70 | $1.52 | x |
| 2024-06-30 | $1.08 | $1.52 | x |
| 2025-06-30 | $1.07 | $1.52 | x |
| 2026-06-30 | $1.12 | $1.52 | 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): -0.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.09%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.61x
- Recent ROE (-0.06%) is below the historical average (11.36%), 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 |
| 2026 | -0.06% | -0.09% | 0.41x | 1.61x | $-1.85 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: $373,282,700
- Average return on equity (ROE) among peers: -7.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tungray Technologies Inc Class A Ordinary Shares (TRSG) | $18.03 Million | 14.18% | 0.64x | $17.91 Million |
| Ampco-Pittsburgh Corporation (AP) | $94.30 Million | -15.59% | 1.02x | $172.77 Million |
| Allegheny Technologies Incorporated (ATI) | $1.44 Billion | -44.36% | 2.58x | $25.01 Billion |
| Commercial Metals Company (CMC) | $133.70 Million | 6.96% | 1.11x | $7.44 Billion |
| CompoSecure, Inc. (CMPO) | $-205.77 Million | 0.00% | 0.00x | $2.49 Billion |
| CompoSecure, Inc. (CMPO) | $-292.00 Million | 0.00% | 0.00x | $4.78 Billion |
| Carpenter Technology Corporation (CRS) | $632.50 Million | 5.87% | 1.54x | $20.21 Billion |
| ESAB Corp (ESAB) | $1.39 Billion | 16.11% | 1.70x | $4.06 Billion |
| Gulf Island Fabrication Inc (GIFI) | $282.80 Million | -0.64% | 0.40x | $188.30 Million |
| GPGI, Inc. (GPGI) | $243.14 Million | -55.94% | 1.13x | $3.58 Billion |
| Highway Holdings Limited (HIHO) | $10.90 Million | 11.01% | 0.40x | $3.65 Million |
About Tungray Technologies Inc Class A Ordinary Shares
Tungray Technologies Inc., an engineer-to-order company, through its subsidiaries, provides tooling solutions and 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 equi… Read more