Test Research, Inc. (TPE:3030)

Test Research Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,839	873.59	859.92	1,149	1,226	1,561
Short-Term Investments	463.11	444.14	490.28	285.09	196.79	231.42
Cash & Short-Term Investments	2,302	1,318	1,350	1,434	1,423	1,792
Cash Growth	47.82%	-2.40%	-5.83%	0.74%	-20.60%	19.07%
Accounts Receivable	3,056	3,146	2,306	3,027	2,370	1,919
Other Receivables	42.95	30.51	34.98	37.87	32.14	20.85
Receivables	3,099	3,176	2,341	3,065	2,403	1,940
Inventory	1,478	1,407	1,262	1,466	1,747	934.73
Other Current Assets	42.25	40.27	33.48	33.62	35.52	28.26
Total Current Assets	6,921	5,942	4,986	5,998	5,608	4,696
Property, Plant & Equipment	4,037	4,017	3,781	3,063	2,284	2,176
Long-Term Investments	38.89	41.96	-	-	-	-
Other Intangible Assets	24.87	27.26	28.24	23.99	26.77	24.81
Long-Term Deferred Tax Assets	101.75	103.52	99.38	74.46	80.72	90.62
Other Long-Term Assets	10.69	11.4	11.18	12.68	10.08	10.29
Total Assets	11,134	10,143	8,906	9,173	8,010	6,997
Accounts Payable	1,031	693.02	527.02	500.15	946.9	511.38
Accrued Expenses	322.15	406.77	291.95	403	255.53	225.8
Current Portion of Leases	14.13	16.23	27.86	18.65	25.04	17.29
Current Income Taxes Payable	433.68	302.96	375.98	345.44	179.87	143.36
Current Unearned Revenue	80.41	76.01	60.86	55.57	76.58	24.3
Other Current Liabilities	90.5	93.15	163.93	276.69	107.1	82.37
Total Current Liabilities	1,972	1,588	1,448	1,600	1,591	1,004
Long-Term Leases	12.91	13.47	20.77	26.54	31.66	26.22
Long-Term Deferred Tax Liabilities	231.77	223.75	205.95	224.3	194.17	160.15
Other Long-Term Liabilities	20.64	18.18	13.53	15.74	39.92	41.34
Total Liabilities	2,252	1,862	1,720	1,906	1,914	1,295
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	6,477	5,899	4,838	4,900	3,749	3,344
Comprehensive Income & Other	-9.87	-33.76	-67.55	-48.7	-68.36	-57.21
Shareholders' Equity	8,883	8,281	7,186	7,267	6,096	5,702
Total Liabilities & Equity	11,134	10,143	8,906	9,173	8,010	6,997
Total Debt	27.04	29.71	48.63	45.19	56.7	43.51
Net Cash (Debt)	2,275	1,288	1,302	1,389	1,366	1,749
Net Cash Growth	49.92%	-1.04%	-6.26%	1.62%	-21.86%	21.13%
Net Cash Per Share	9.62	5.44	5.50	5.86	5.77	7.39
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	4,949	4,353	3,538	4,399	4,017	3,691
Book Value Per Share	37.60	35.06	30.42	30.76	25.81	24.14
Tangible Book Value	8,858	8,254	7,157	7,243	6,070	5,677
Tangible Book Value Per Share	37.50	34.94	30.30	30.66	25.69	24.03
Land	1,166	1,166	1,166	1,166	1,166	1,166
Buildings	2,799	2,799	921.54	921.54	921.54	921.54
Machinery	1,222	1,166	1,002	947.07	868.8	807.72
Construction In Progress	28.73	-	1,643	907.4	100.67	0.04

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