Test Research, Inc. (TPE:3030)

Test Research Balance Sheet

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	873.59	859.92	1,149	1,226	1,561
Short-Term Investments	444.14	490.28	285.09	196.79	231.42
Cash & Short-Term Investments	1,318	1,350	1,434	1,423	1,792
Cash Growth	-2.40%	-5.83%	0.74%	-20.60%	19.07%
Accounts Receivable	3,146	2,306	3,027	2,370	1,919
Other Receivables	30.51	34.98	37.87	32.14	20.85
Receivables	3,176	2,341	3,065	2,403	1,940
Inventory	1,407	1,262	1,466	1,747	934.73
Other Current Assets	40.27	33.48	33.62	35.52	28.26
Total Current Assets	5,942	4,986	5,998	5,608	4,696
Property, Plant & Equipment	4,017	3,781	3,063	2,284	2,176
Long-Term Investments	41.96	-	-	-	-
Other Intangible Assets	27.26	28.24	23.99	26.77	24.81
Long-Term Deferred Tax Assets	103.52	99.38	74.46	80.72	90.62
Other Long-Term Assets	11.4	11.18	12.68	10.08	10.29
Total Assets	10,143	8,906	9,173	8,010	6,997
Accounts Payable	693.02	527.02	500.15	946.9	511.38
Accrued Expenses	406.77	291.95	403	255.53	225.8
Current Portion of Leases	16.23	27.86	18.65	25.04	17.29
Current Income Taxes Payable	302.96	375.98	345.44	179.87	143.36
Current Unearned Revenue	76.01	60.86	55.57	76.58	24.3
Other Current Liabilities	93.15	163.93	276.69	107.1	82.37
Total Current Liabilities	1,588	1,448	1,600	1,591	1,004
Long-Term Leases	13.47	20.77	26.54	31.66	26.22
Long-Term Deferred Tax Liabilities	223.75	205.95	224.3	194.17	160.15
Other Long-Term Liabilities	18.18	13.53	15.74	39.92	41.34
Total Liabilities	1,862	1,720	1,906	1,914	1,295
Common Stock	2,362	2,362	2,362	2,362	2,362
Additional Paid-In Capital	53.29	53.29	53.29	53.29	53.29
Retained Earnings	5,899	4,838	4,900	3,749	3,344
Comprehensive Income & Other	-33.76	-67.55	-48.7	-68.36	-57.21
Shareholders' Equity	8,281	7,186	7,267	6,096	5,702
Total Liabilities & Equity	10,143	8,906	9,173	8,010	6,997
Total Debt	29.71	48.63	45.19	56.7	43.51
Net Cash (Debt)	1,288	1,302	1,389	1,366	1,749
Net Cash Growth	-1.04%	-6.26%	1.62%	-21.86%	21.13%
Net Cash Per Share	5.44	5.50	5.86	5.77	7.39
Filing Date Shares Outstanding	236.22	236.22	236.22	236.22	236.22
Total Common Shares Outstanding	236.22	236.22	236.22	236.22	236.22
Working Capital	4,353	3,538	4,399	4,017	3,691
Book Value Per Share	35.06	30.42	30.76	25.81	24.14
Tangible Book Value	8,254	7,157	7,243	6,070	5,677
Tangible Book Value Per Share	34.94	30.30	30.66	25.69	24.03
Land	1,166	1,166	1,166	1,166	1,166
Buildings	2,799	921.54	921.54	921.54	921.54
Machinery	1,166	1,002	947.07	868.8	807.72
Construction In Progress	-	1,643	907.4	100.67	0.04

Source: S&P Global Market Intelligence. Standard template. Financial Sources.