Is Tungray Technologies Inc (TRSG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 14.1% / 30% | 48.5% / 30% | 19.0% / 30% | 0.95% / 5% | ✗ NOT HALAL |
| DJIM | 14.1% / 33% | 48.5% / 33% | 19.0% / 33% | 0.95% / 5% | ✗ NOT HALAL |
| MSCI | 8.7% / 33% | 30.0% / 33% | 11.8% / 33% | 0.95% / 5% | ✓ HALAL |
| S&P | 14.1% / 33% | 48.5% / 33% | 19.0% / 33% | 0.95% / 5% | ✗ NOT HALAL |
| FTSE | 8.7% / 33% | 30.0% / 33% | 11.8% / 50% | 0.95% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 45.1% | |
| Operating Margin | 3.8% | |
| Net Margin | 6.0% | |
| Return on Equity (ROE) | 4.2% | |
| Return on Assets (ROA) | 1.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$811,889 |
| Free Cash Flow | -$3M |
| Total Debt | $3M |
| Debt-to-Equity | 16.8 |
| Current Ratio | 2.3 |
| Total Assets | $30M |
Price & Trading
| Last Close | $1.26 |
| 50-Day MA | $1.17 |
| 200-Day MA | $1.41 |
| Avg Volume | 5K |
|
52-Week Range
$1.02
| |
About Tungray Technologies Inc (TRSG)
Tungray Technologies Inc., an engineer-to-order company, through its subsidiaries, provides customized industrial manufacturing solutions in China and Singapore. It offers customized industrial test and tooling solutions; welding equipment manufacturing; and direct drive and linear direct current motors. The company also designs, develops, and manufactures non- standard equipment, such as automated assembly equipment, precision testing equipment, tooling fixtures, etc., as well as researches, develops, designs, and manufactures induction brazing and hardening equipment, automatic welding equipment, linear motors, and DD motors; researches, develops, and sells intelligent robots and storage equipment; and installs industrial machinery and equipment, and mechanical engineering works. It provides its services to original equipment manufacturers in the industry sectors of semiconductors, printers, electronics, and home appliances. The company was incorporated in 2022 and is headquartered in Singapore, Singapore. Tungray Technologies Inc. operates as a subsidiary of Pegasus Automation Limited.
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Frequently Asked Questions
Is Tungray Technologies Inc (TRSG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Tungray Technologies Inc is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Tungray Technologies Inc's debt ratio?
Tungray Technologies Inc's debt ratio is 14.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 8.7%.
What are Tungray Technologies Inc's key financial metrics?
Tungray Technologies Inc has a market capitalization of $21M, trailing P/E ratio of 26.0, and revenue of $13M. The company maintains a gross margin of 45.1% and a net margin of 6.0%. Return on equity stands at 4.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.