Tungray Technologies Financials
This page shows Tungray Technologies (trsg) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tungray Technologies has an operating margin of -5.1%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 7.7% the prior year.
Tungray Technologies's revenue declined 10.8% year-over-year, from $14.4M to $12.8M. This contraction results in a growth score of 0/100.
Tungray Technologies carries a low D/E ratio of 0.73, meaning only $0.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
Tungray Technologies's current ratio of 1.86 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.
While Tungray Technologies generated -$812K in operating cash flow, capex of $451K consumed most of it, leaving -$1.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Tungray Technologies passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Tungray Technologies generates $1.69 in operating cash flow (-$812K OCF vs -$480K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Tungray Technologies earns $-9.8 in operating income for every $1 of interest expense (-$656K vs $67K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Tungray Technologies generated $12.8M in revenue in fiscal year 2024. This represents a decrease of 10.8% from the prior year.
Tungray Technologies's EBITDA was -$280K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 120.6% from the prior year.
Tungray Technologies generated -$1.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 409.6% from the prior year.
Tungray Technologies reported -$480K in net income in fiscal year 2024. This represents a decrease of 156.0% from the prior year.
Tungray Technologies held $9.0M in cash against $0 in long-term debt as of fiscal year 2024.
Tungray Technologies's gross margin was 43.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.0 percentage points from the prior year.
Tungray Technologies's operating margin was -5.1% in fiscal year 2024, reflecting core business profitability. This is down 12.8 percentage points from the prior year.
Tungray Technologies's net profit margin was -3.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.7 percentage points from the prior year.
Tungray Technologies invested $1.1M in research and development in fiscal year 2024. This represents an increase of 34.3% from the prior year.
Tungray Technologies invested $451K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 941.8% from the prior year.
trsg Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
trsg Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Total Assets | $29.9M+10.6% | $27.1M+3.9% | $26.0M |
| Current Assets | $19.8M+6.7% | $18.5M+3.7% | $17.9M |
| Cash & Equivalents | $9.0M-17.0% | $10.8M-17.7% | $13.1M |
| Inventory | $2.2M-3.4% | $2.3M+62.6% | $1.4M |
| Accounts Receivable | N/A | $320K+205.1% | $105K |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $12.6M+11.6% | $11.3M+1.3% | $11.2M |
| Current Liabilities | $10.6M+17.4% | $9.0M+8.5% | $8.3M |
| Long-Term Debt | N/A | N/A | N/A |
| Total Equity | $17.4M+10.1% | $15.8M+6.5% | $14.9M |
| Retained Earnings | $15.1M-3.1% | $15.5M+5.8% | $14.7M |
trsg Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
trsg Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 1.86-0.2 | 2.05-0.1 | 2.15 |
| Debt-to-Equity | 0.730.0 | 0.72-0.0 | 0.75 |
| FCF Margin | N/A | N/A | N/A |
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Frequently Asked Questions
What is Tungray Technologies's annual revenue?
Tungray Technologies (trsg) reported $12.8M in total revenue for fiscal year 2024. This represents a -10.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tungray Technologies's revenue growing?
Tungray Technologies (trsg) revenue declined by 10.8% year-over-year, from $14.4M to $12.8M in fiscal year 2024.
Is Tungray Technologies profitable?
No, Tungray Technologies (trsg) reported a net income of -$480K in fiscal year 2024, with a net profit margin of -3.8%.
What is Tungray Technologies's EBITDA?
Tungray Technologies (trsg) had EBITDA of -$280K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tungray Technologies's gross margin?
Tungray Technologies (trsg) had a gross margin of 43.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tungray Technologies's operating margin?
Tungray Technologies (trsg) had an operating margin of -5.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Tungray Technologies's net profit margin?
Tungray Technologies (trsg) had a net profit margin of -3.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Tungray Technologies's free cash flow?
Tungray Technologies (trsg) generated -$1.3M in free cash flow during fiscal year 2024. This represents a -409.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tungray Technologies's operating cash flow?
Tungray Technologies (trsg) generated -$812K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Tungray Technologies's total assets?
Tungray Technologies (trsg) had $29.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Tungray Technologies's capital expenditures?
Tungray Technologies (trsg) invested $451K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Tungray Technologies spend on research and development?
Tungray Technologies (trsg) invested $1.1M in research and development during fiscal year 2024.
What is Tungray Technologies's current ratio?
Tungray Technologies (trsg) had a current ratio of 1.86 as of fiscal year 2024, which is generally considered healthy.
What is Tungray Technologies's debt-to-equity ratio?
Tungray Technologies (trsg) had a debt-to-equity ratio of 0.73 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tungray Technologies's return on assets (ROA)?
Tungray Technologies (trsg) had a return on assets of -1.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Tungray Technologies's cash runway?
Based on fiscal year 2024 data, Tungray Technologies (trsg) had $9.0M in cash against an annual operating cash burn of $812K. This gives an estimated cash runway of approximately 133 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Tungray Technologies's Piotroski F-Score?
Tungray Technologies (trsg) has a Piotroski F-Score of 0 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tungray Technologies's earnings high quality?
Tungray Technologies (trsg) has an earnings quality ratio of 1.69x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tungray Technologies cover its interest payments?
Tungray Technologies (trsg) has an interest coverage ratio of -9.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tungray Technologies?
Tungray Technologies (trsg) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.