Trio-Tech International (TRT).
Introduction:
Stock Snapshot:
The stock for Trio-Tech International (NYSEAMEX:TRT) stood at USD 1.65, representing a total market capitalization of USD 5.18 million. Over the last year, the stock has traded between a range of USD 1.13 and USD 2.57. The stock has witnessed an average volume of 6,243 shares over the last three months. The stock has been trading at a P/S ratio of 0.16 and a P/B ratio of 0.29. The Company has 3.32 million shares outstanding, with a float of 2.09 million.
Competitor Analysis:
Financial Analysis:
Revenue:
During FY12, total revenue decreased 3.7 %, to USD 34,211, compared to USD 35,535 in FY11 2011. The decrease in total revenue was mainly due to a decline in sales from the manufacturing and distribution segments in the first two quarters of FY12, as compared to the corresponding period last year. The revenues from the manufacturing sector comprised 49.6% of total revenue, as compared to 54.9% for the corresponding period last year. The revenue for the Testing segment comprised 37.8% of the total revenue in FY12, as compared to 36.9% for the corresponding period last year.
Gross Margin:
In FY12 the Company reported gross profits of 13.4%, as compared to 23.4% in the corresponding period last year. The decrease in gross margins was due to a decrease in gross margin in the testing service and real estate segments, which were partially offset by the decrease in gross losses in the fabrication segment.
Profitability:
In FY12, the Company reported a net loss of USD 3,104, an increase of USD 2,416, compared to USD 688 for FY11. The increase in net loss was mainly due to a decrease in revenue and gross margin. The loss per share for FY12 was recorded at USD 0.94, as compared to a net loss of USD 0.21 for FY11.
Factors To Watch Out For:
- For 4QFY12, revenue increased to 58.1% & net loss narrowed by 33%, which may signal a brighter future.
