Trio-Tech International (TRT) - Net Assets
Based on the latest financial reports, Trio-Tech International (TRT) has net assets worth $31.74 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($45.73 Million) and total liabilities ($13.99 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 Trio-Tech International asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $31.74 Million |
| % of Total Assets | 69.4% |
| Annual Growth Rate | 6.74% |
| 5-Year Change | 30.47% |
| 10-Year Change | 62.86% |
| Growth Volatility | 16.42 |
Trio-Tech International - Net Assets Trend (1994–2025)
This chart illustrates how Trio-Tech International's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Trio-Tech International for the complete picture of this company's asset base.
Annual Net Assets for Trio-Tech International (1994–2025)
The table below shows the annual net assets of Trio-Tech International from 1994 to 2025. For live valuation and market cap data, see TRT market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $33.99 Million | +7.64% |
| 2024-06-30 | $31.58 Million | +6.79% |
| 2023-06-30 | $29.57 Million | +5.60% |
| 2022-06-30 | $28.00 Million | +7.48% |
| 2021-06-30 | $26.05 Million | +3.61% |
| 2020-06-30 | $25.15 Million | +1.15% |
| 2019-06-30 | $24.86 Million | +5.79% |
| 2018-06-30 | $23.50 Million | +9.17% |
| 2017-06-30 | $21.53 Million | +3.14% |
| 2016-06-30 | $20.87 Million | +0.72% |
| 2015-06-30 | $20.72 Million | -0.53% |
| 2014-06-30 | $20.83 Million | +1.10% |
| 2013-06-30 | $20.61 Million | +0.24% |
| 2012-06-30 | $20.56 Million | -17.70% |
| 2011-06-30 | $24.98 Million | +8.24% |
| 2010-06-30 | $23.07 Million | +1.29% |
| 2009-06-30 | $22.78 Million | -8.69% |
| 2008-06-30 | $24.95 Million | +4.42% |
| 2007-06-30 | $23.89 Million | +21.98% |
| 2006-06-30 | $19.59 Million | +72.46% |
| 2005-06-30 | $11.36 Million | +2.01% |
| 2004-06-30 | $11.13 Million | +4.08% |
| 2003-06-30 | $10.70 Million | -2.16% |
| 2002-06-30 | $10.93 Million | -22.77% |
| 2001-06-30 | $14.16 Million | +8.42% |
| 2000-06-30 | $13.06 Million | +13.54% |
| 1999-06-30 | $11.50 Million | +5.50% |
| 1998-06-30 | $10.90 Million | +9.00% |
| 1997-06-30 | $10.00 Million | +28.21% |
| 1996-06-30 | $7.80 Million | +30.00% |
| 1995-06-30 | $6.00 Million | +33.33% |
| 1994-06-30 | $4.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trio-Tech International'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 1473700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $12.04 Million | 35.37% |
| Common Stock | $13.49 Million | 39.64% |
| Other Comprehensive Income | $2.52 Million | 7.41% |
| Other Components | $5.98 Million | 17.57% |
| Total Equity | $34.03 Million | 100.00% |
Trio-Tech International Competitors by Market Cap
The table below lists competitors of Trio-Tech International ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eagon Ind
KO:008250
|
$28.17 Million |
|
Emdeki Utama Tbk PT
JK:MDKI
|
$28.17 Million |
|
Aquaron Acquisition Corp. Common Stock
NASDAQ:AQU
|
$28.17 Million |
|
Averbuch Formica Center Ltd
TA:AVER
|
$28.17 Million |
|
Refinaria de Petróleos de Manguinhos S.A
SA:RPMG3
|
$28.16 Million |
|
Bio Planet SA
WAR:BIP
|
$28.15 Million |
|
HAV GROUP ASA
F:6HH
|
$28.14 Million |
|
Haverty Furniture Companies Inc
NYSE:HVT-A
|
$28.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trio-Tech International's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,329,000 to 34,028,000, a change of 2,699,000 (8.6%).
- Net loss of 41,000 reduced equity.
- Share repurchases of 165,000 reduced equity.
- Other comprehensive income increased equity by 1,862,000.
- Other factors increased equity by 1,043,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-41.00K | -0.12% |
| Share Repurchases | $165.00K | -0.48% |
| Other Comprehensive Income | $1.86 Million | +5.47% |
| Other Changes | $1.04 Million | +3.07% |
| Total Change | $- | 8.62% |
Book Value vs Market Value Analysis
This analysis compares Trio-Tech International'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: 3.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 52.84x to 3.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-06-30 | $0.27 | $14.06 | x |
| 1995-06-30 | $1.94 | $14.06 | x |
| 1996-06-30 | $1.35 | $14.06 | x |
| 1997-06-30 | $1.66 | $14.06 | x |
| 1998-06-30 | $1.77 | $14.06 | x |
| 1999-06-30 | $1.65 | $14.06 | x |
| 2000-06-30 | $1.80 | $14.06 | x |
| 2001-06-30 | $1.93 | $14.06 | x |
| 2002-06-30 | $1.47 | $14.06 | x |
| 2003-06-30 | $1.47 | $14.06 | x |
| 2004-06-30 | $1.51 | $14.06 | x |
| 2005-06-30 | $1.53 | $14.06 | x |
| 2006-06-30 | $2.78 | $14.06 | x |
| 2007-06-30 | $3.31 | $14.06 | x |
| 2008-06-30 | $3.43 | $14.06 | x |
| 2009-06-30 | $3.08 | $14.06 | x |
| 2010-06-30 | $3.14 | $14.06 | x |
| 2011-06-30 | $3.35 | $14.06 | x |
| 2012-06-30 | $2.84 | $14.06 | x |
| 2013-06-30 | $2.80 | $14.06 | x |
| 2014-06-30 | $2.69 | $14.06 | x |
| 2015-06-30 | $2.69 | $14.06 | x |
| 2016-06-30 | $2.72 | $14.06 | x |
| 2017-06-30 | $2.76 | $14.06 | x |
| 2018-06-30 | $2.91 | $14.06 | x |
| 2019-06-30 | $3.15 | $14.06 | x |
| 2020-06-30 | $3.22 | $14.06 | x |
| 2021-06-30 | $3.40 | $14.06 | x |
| 2022-06-30 | $3.34 | $14.06 | x |
| 2023-06-30 | $3.53 | $14.06 | x |
| 2024-06-30 | $3.64 | $14.06 | x |
| 2025-06-30 | $3.90 | $14.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trio-Tech International 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): -0.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.11%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.21x
- Recent ROE (-0.12%) is below the historical average (5.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 63.89% | 15.13% | 1.35x | 3.14x | $1.94 Million |
| 1995 | 13.64% | 3.08% | 1.55x | 2.86x | $160.00K |
| 1996 | 15.38% | 3.45% | 1.33x | 3.35x | $280.00K |
| 1997 | 15.38% | 4.65% | 1.16x | 2.85x | $350.00K |
| 1998 | 9.09% | 3.65% | 1.13x | 2.19x | $-80.00K |
| 1999 | 2.20% | 0.94% | 1.12x | 2.08x | $-710.00K |
| 2000 | 9.90% | 3.84% | 1.19x | 2.17x | $-10.80K |
| 2001 | 10.02% | 3.22% | 1.50x | 2.08x | $2.10K |
| 2002 | -41.16% | -18.08% | 1.03x | 2.21x | $-4.41 Million |
| 2003 | -0.94% | -0.38% | 1.27x | 1.95x | $-940.00K |
| 2004 | 2.44% | 1.15% | 1.06x | 1.99x | $-682.40K |
| 2005 | 2.38% | 0.86% | 1.40x | 1.97x | $-708.70K |
| 2006 | 52.07% | 31.12% | 0.99x | 1.69x | $7.32 Million |
| 2007 | 15.43% | 7.08% | 1.43x | 1.53x | $1.16 Million |
| 2008 | -4.32% | -2.37% | 1.16x | 1.57x | $-3.17 Million |
| 2009 | -9.90% | -9.81% | 0.72x | 1.41x | $-3.95 Million |
| 2010 | -1.84% | -1.01% | 0.89x | 2.06x | $-2.40 Million |
| 2011 | -3.13% | -1.94% | 0.98x | 1.65x | $-2.89 Million |
| 2012 | -16.48% | -9.07% | 0.90x | 2.02x | $-4.99 Million |
| 2013 | -5.47% | -3.21% | 0.88x | 1.93x | $-2.88 Million |
| 2014 | 0.30% | 0.16% | 1.05x | 1.81x | $-1.85 Million |
| 2015 | 2.74% | 1.54% | 1.06x | 1.69x | $-1.38 Million |
| 2016 | 4.05% | 2.26% | 1.07x | 1.67x | $-1.15 Million |
| 2017 | 6.55% | 3.41% | 1.15x | 1.67x | $-694.10K |
| 2018 | 5.39% | 2.80% | 1.16x | 1.66x | $-1.01 Million |
| 2019 | 6.53% | 3.94% | 1.07x | 1.54x | $-821.60K |
| 2020 | 3.66% | 2.55% | 0.97x | 1.49x | $-1.52 Million |
| 2021 | -2.31% | -1.82% | 0.85x | 1.49x | $-3.15 Million |
| 2022 | 8.59% | 5.44% | 1.01x | 1.56x | $-392.40K |
| 2023 | 5.25% | 3.57% | 1.03x | 1.43x | $-1.40 Million |
| 2024 | 3.35% | 2.48% | 0.99x | 1.36x | $-2.08 Million |
| 2025 | -0.12% | -0.11% | 0.89x | 1.21x | $-3.44 Million |
Industry Comparison
This section compares Trio-Tech International's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $1,095,918,141
- Average return on equity (ROE) among peers: -17.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trio-Tech International (TRT) | $31.74 Million | 63.89% | 0.44x | $28.16 Million |
| Axcelis Technologies Inc (ACLS) | $353.61 Million | 35.90% | 0.38x | $2.81 Billion |
| Acm Research Inc (ACMR) | $926.16 Million | 8.35% | 0.61x | $3.12 Billion |
| Aehr Test Systems (AEHR) | $7.03 Million | 6.00% | 0.74x | $2.17 Billion |
| Applied Materials Inc (AMAT) | $8.07 Billion | -1.85% | 0.28x | $308.78 Billion |
| Ambarella Inc (AMBA) | $156.36 Million | 16.41% | 0.17x | $2.88 Billion |
| Amkor Technology Inc (AMKR) | $243.16 Million | -187.81% | 8.80x | $14.36 Billion |
| ASML Holding NV ADR (ASML) | $1.09 Billion | 31.74% | 1.20x | $546.45 Billion |
| Amtech Systems Inc (ASYS) | $6.40 Million | -9.38% | 0.45x | $201.11 Million |
| Atomera Inc (ATOM) | $16.86 Million | -77.52% | 0.06x | $197.35 Million |
| AXT Inc (AXTI) | $93.25 Million | 5.67% | 0.21x | $2.62 Billion |
About Trio-Tech International
Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the semiconductor industry in the United States, Singapore, Malaysia, Thailand, and China. It operates through Manufacturing, Testing, Distribution, and Real Estate segments. The company develops and manufactures test equipment used in front-end and back-end manufacturing processes… Read more