Test Research, Inc. (TPE: 3030)

Test Research Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	530.73	859.92	1,149	1,226	1,561	1,301
Short-Term Investments	447.64	490.28	285.09	196.79	231.42	204.78
Cash & Short-Term Investments	978.36	1,350	1,434	1,423	1,792	1,505
Cash Growth	8.79%	-5.83%	0.74%	-20.60%	19.07%	37.17%
Accounts Receivable	3,162	2,306	3,027	2,370	1,919	1,960
Other Receivables	44.52	34.98	37.87	32.14	20.85	21.02
Receivables	3,206	2,341	3,065	2,403	1,940	1,981
Inventory	1,402	1,262	1,466	1,747	934.73	738.43
Other Current Assets	38.3	33.48	33.62	35.52	28.26	39.43
Total Current Assets	5,625	4,986	5,998	5,608	4,696	4,264
Property, Plant & Equipment	4,014	3,781	3,063	2,284	2,176	2,197
Other Intangible Assets	28.48	28.24	23.99	26.77	24.81	20.24
Long-Term Deferred Tax Assets	100.2	99.38	74.46	80.72	90.62	76.26
Other Long-Term Assets	10.48	11.18	12.68	10.08	10.29	11.59
Total Assets	9,826	8,906	9,173	8,010	6,997	6,569
Accounts Payable	911.85	527.02	500.15	946.9	511.38	482.14
Accrued Expenses	298.89	291.95	403	255.53	225.8	199.8
Current Portion of Leases	20.58	27.86	18.65	25.04	17.29	20.58
Current Income Taxes Payable	298.53	375.98	345.44	179.87	143.36	109.84
Current Unearned Revenue	61.68	60.86	55.57	76.58	24.3	48.69
Other Current Liabilities	194.41	163.93	276.69	107.1	82.37	85.76
Total Current Liabilities	1,786	1,448	1,600	1,591	1,004	946.81
Long-Term Leases	14.66	20.77	26.54	31.66	26.22	40.94
Long-Term Deferred Tax Liabilities	221.75	205.95	224.3	194.17	160.15	102.19
Other Long-Term Liabilities	17.04	13.53	15.74	39.92	41.34	35.3
Total Liabilities	2,063	1,720	1,906	1,914	1,295	1,187
Common Stock	2,362	2,362	2,362	2,362	2,362	2,362
Additional Paid-In Capital	53.29	53.29	53.29	53.29	53.29	53.29
Retained Earnings	5,368	4,838	4,900	3,749	3,344	3,034
Comprehensive Income & Other	-20.17	-67.55	-48.7	-68.36	-57.21	-67.27
Shareholders' Equity	7,763	7,186	7,267	6,096	5,702	5,382
Total Liabilities & Equity	9,826	8,906	9,173	8,010	6,997	6,569
Total Debt	35.24	48.63	45.19	56.7	43.51	61.52
Net Cash (Debt)	943.13	1,302	1,389	1,366	1,749	1,444
Net Cash Growth	11.99%	-6.26%	1.62%	-21.86%	21.13%	31.56%
Net Cash Per Share	3.99	5.50	5.86	5.77	7.39	6.10
Filing Date Shares Outstanding	236.22	236.22	236.22	236.22	236.22	236.22
Total Common Shares Outstanding	236.22	236.22	236.22	236.22	236.22	236.22
Working Capital	3,839	3,538	4,399	4,017	3,691	3,317
Book Value Per Share	32.86	30.42	30.76	25.81	24.14	22.79
Tangible Book Value	7,735	7,157	7,243	6,070	5,677	5,362
Tangible Book Value Per Share	32.74	30.30	30.66	25.69	24.03	22.70
Land	1,166	1,166	1,166	1,166	1,166	1,166
Buildings	2,782	921.54	921.54	921.54	921.54	921.54
Machinery	1,147	1,002	947.07	868.8	807.72	762.47
Construction In Progress	-	1,643	907.4	100.67	0.04	-

Source: S&P Capital IQ. Standard template. Financial Sources.