What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

Trio-Tech International TRT Operating margin

Discontinued — last reported Q4 '21

Operating margin at other companies

Teradyne, Inc.TER

26.5%+4.6pp

Amkor TechnologyAMKR

7.6%+1.3pp

INT

inTESTINTT

-2.5%-4.5pp

Amtech SystemsASYS

4.4%+2.3pp

Benchmark ElectronicsBHE

3.2%-0.5pp

Veeco InstrumentsVECO

3.1%-5.2pp

Other financials

Income statement

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Revenue$16.5M+124%

Net income-$37.0K+92.2%

Balance sheet

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Cash & equivalents$13.0M+17.7%

Total debt$3.1M+87.4%

Total equity$34.3M+6.2%

Total assets$44.7M+11.9%

Cash flow

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Operating cash flow$1.3M+60.2%

CapEx$544.0K+249%

Free cash flow$707.0K+13.1%

Valuation

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Market cap$104.97M+343%

Enterprise value$95.13M+570%

P/E178.2×-277×

P/S1.8×+1.1×

Profitability

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Gross margin23.6%—

Net margin1%+0.7pp

FCF margin5.3%+4.0pp

Returns & leverage

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Return on equity1.8%+1.4pp

Debt / equity0.1×0.0×

Current ratio3.4×-1.5×

Where this comes from

Calculated from Trio-Tech International’s reported figures.

operating income/total revenue=-1.8%

Based on trailing twelve months.

The official record: Trio-Tech International’s 10-K, filed September 23, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.