The company maintains a healthy liquidity position with a current ratio of 6.26 and zero total debt, though total assets have eroded to $17.1M from $18.1M in 2023Q3.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 | Dec'95 |
|---|
| Total Current Assets | 12.66M | 12.88M | 12.81M | 11.98M | 13.87M | 10.86M | 10.01M | 10.06M | 9.3M | 9.53M | 13.16M | 12.62M | 13.49M | 14.48M | 15.46M | 16.63M | 16.04M | 17.22M | 17.56M | 19.77M | 20.35M | 21.31M | 24.08M | 27.56M | 31.76M | 36.91M | 34.6M | 41.3M | 41.9M | 40M | 34.8M |
| Cash & Short-Term Investments | 9.89M | 9.39M | 9.84M | 7.25M | 7.54M | 6.65M | 5.31M | 4.49M | 3.25M | 4.02M | 3.69M | 3.47M | 2.72M | 2.48M | 1.91M | 3.1M | 2.77M | 1.76M | 1.11M | 2.73M | 1.96M | 539K | 2.95M | 326K | 182K | 190K | 300K | 400K | 200K | 300K | 1.1M |
| Cash Only | 3.96M | 4.21M | 6.21M | 5.22M | 5.97M | 6.65M | 5.31M | 4.49M | 3.25M | 4.02M | 3.69M | 3.47M | 2.72M | 2.48M | 1.91M | 3.1M | 2.77M | 1.76M | 1.11M | 2.73M | 1.96M | 539K | 2.95M | 326K | 182K | 190K | 300K | 400K | 200K | 300K | 1.1M |
| Short-Term Investments | 5.93M | 5.18M | 3.63M | 2.03M | 1.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 573K | 421K | 92K | 683K | 900K | 639K | 1.02M | 901K | 978K | 233K | 291K | 534K | 511K | 853K | 501K | 827K | 621K | 964K | 1.45M | 1.25M | 1.55M | 1.1M | 1.22M | 2.32M | 2.81M | 4.81M | 4.1M | 4.5M | 5.4M | 4.1M | 5.4M |
| Days Sales Outstanding | 58.15 | 37.11 | 5.5 | 29.6 | 38.01 | 34.83 | 54.99 | 40 | 46.83 | 12.3 | 18.72 | 33.47 | 29.76 | 43.29 | 26.88 | 41.99 | 40.91 | 48.89 | 70.2 | 47.62 | 67.44 | 42.89 | 46.82 | 61.26 | 61.17 | 53.27 | 51.08 | 53.33 | 58.14 | 49.72 | 54.9 |
| Inventory | 2.1M | 2.95M | 2.6M | 3.9M | 5.26M | 3.52M | 3.59M | 4.6M | 4.99M | 5.05M | 9.02M | 8.49M | 10.15M | 10.99M | 12.8M | 12.41M | 12.31M | 13.93M | 14.82M | 15.69M | 16.68M | 18.25M | 19.72M | 24.31M | 27.89M | 30.61M | 29.2M | 34.9M | 35.8M | 35.2M | 27.8M |
| Days Inventory Outstanding | 627.56 | 532.07 | 356.36 | 353.23 | 424.65 | 376.01 | 353.28 | 364.44 | 394.06 | 240.78 | 841.12 | 712.7 | 762.21 | 718.36 | 1K | 907.67 | 1.08K | 959.78 | 871.74 | 846.58 | 999.76 | 994.23 | 1.05K | 894.44 | 812.32 | 504.23 | 519.9 | 587.03 | 546.74 | 623.69 | 439.26 |
| Other Current Assets | 99K | 0 | 283K | 0 | 173K | 46K | 85K | 67K | 80K | 154K | 0 | 0 | 0 | 166K | 200K | 200K | 100K | 0 | 0 | 0 | 0 | 1M | 0 | 348K | 631K | 1.3M | 1M | 1.5M | 500K | 400K | 500K |
| Total Non-Current Assets | 4.43M | 4.76M | 5.2M | 5.16M | 3.25M | 3.41M | 3.59M | 3.92M | 4.27M | 4.5M | 4.89M | 5.31M | 5.74M | 5.93M | 5.7M | 5.24M | 5.38M | 5.55M | 6.25M | 5.72M | 4.51M | 4.7M | 5.03M | 6.55M | 7.07M | 7.49M | 6.5M | 3.3M | 3.1M | 2.3M | 1.6M |
| Property, Plant & Equipment | 2.88M | 3.03M | 2.97M | 2.92M | 3.06M | 3.22M | 3.39M | 3.71M | 3.87M | 4.03M | 4.2M | 4.32M | 4.46M | 4.63M | 4.82M | 4.98M | 5.13M | 5.32M | 5.53M | 4.4M | 4.43M | 4.63M | 4.86M | 6.38M | 6.77M | 7.21M | 6.4M | 3M | 2.3M | 1.7M | 1.6M |
| Fixed Asset Turnover | 1.20x | 1.37x | 2.06x | 2.88x | 2.83x | 2.08x | 2.00x | 2.22x | 1.97x | 1.72x | 1.35x | 1.35x | 1.40x | 1.55x | 1.41x | 1.44x | 1.08x | 1.35x | 1.36x | 2.17x | 1.90x | 2.02x | 1.95x | 2.16x | 2.47x | 4.57x | 4.58x | 10.27x | 14.74x | 17.71x | 22.44x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 442K | 186K | 186K | 186K | 186K | 186K | 186K | 193K | 403K | 447K | 671K | 968K | 1.25M | 1.27M | 852K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 1.54M | 2.04M | 2.05M | 7K | 3K | 19K | 19K | 0 | 24K | 17K | 20K | 22K | 24K | 22K | 263K | 244K | 236K | 713K | 1.33M | 78K | 64K | 168K | 172K | 305K | 287K | 100K | 300K | 800K | 600K | 0 |
| Total Assets | 17.09M | 17.64M | 18.01M | 17.14M | 17.12M | 14.26M | 13.6M | 13.98M | 13.57M | 14.04M | 18.05M | 17.93M | 19.23M | 20.41M | 21.16M | 21.87M | 21.42M | 22.77M | 23.8M | 25.49M | 24.85M | 26M | 29.11M | 34.11M | 38.83M | 44.4M | 41.1M | 44.6M | 45M | 42.3M | 36.4M |
| Asset Turnover | 0.21x | 0.23x | 0.34x | 0.49x | 0.50x | 0.47x | 0.50x | 0.59x | 0.56x | 0.49x | 0.31x | 0.32x | 0.33x | 0.35x | 0.32x | 0.33x | 0.26x | 0.32x | 0.32x | 0.37x | 0.34x | 0.36x | 0.33x | 0.40x | 0.43x | 0.74x | 0.71x | 0.69x | 0.75x | 0.71x | 0.99x |
| Asset Growth % | -24.58% | -2.05% | 5.07% | 0.09% | 20.06% | 4.87% | -2.73% | 3.05% | -3.34% | -22.23% | 0.69% | -6.8% | -5.75% | -3.55% | -3.24% | 2.09% | -5.92% | -4.34% | -6.64% | 2.58% | -4.43% | -10.66% | -14.67% | -12.15% | -12.54% | 8.03% | -7.85% | -0.89% | 6.38% | 16.21% | 96.76% |
| Total Current Liabilities | 2.02M | 1.07M | 1.16M | 1M | 2.74M | 856K | 784K | 1.28M | 1.21M | 1.35M | 1.84M | 1.14M | 856K | 2.6M | 1.13M | 2.72M | 918K | 1.23M | 1.93M | 1.69M | 1.6M | 1.37M | 1.15M | 5.67M | 13.33M | 17.35M | 12.2M | 16M | 17.1M | 14.7M | 13.9M |
| Accounts Payable | 492K | 251K | 194K | 211K | 1.81M | 410K | 462K | 972K | 848K | 857K | 1.04M | 396K | 568K | 668K | 793K | 871K | 615K | 822K | 1.32M | 1.22M | 1.02M | 806K | 835K | 1.31M | 1.17M | 2.5M | 2.3M | 4.4M | 3.2M | 3.7M | 12.9M |
| Days Payables Outstanding | 53.64 | 45.29 | 26.62 | 19.11 | 146.34 | 43.82 | 45.49 | 77.06 | 66.97 | 40.82 | 96.94 | 33.26 | 42.65 | 43.68 | 62.01 | 63.68 | 53.77 | 56.65 | 77.52 | 65.81 | 61.13 | 43.9 | 44.57 | 48.34 | 34.1 | 41.1 | 40.95 | 74.01 | 48.87 | 65.56 | 203.83 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500K | 500K | 0 | 1.5M | 0 | 1.5M | 0 | 89K | 89K | 89K | 0 | 157K | 70K | 4.03M | 11.71M | 13.95M | 9.3M | 10.9M | 13M | 10M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 154K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 600K | 700K | 900K | 1M | 1M |
| Current Ratio | 6.26x | 12.00x | 11.01x | 11.97x | 5.07x | 12.68x | 12.77x | 7.84x | 7.71x | 7.07x | 7.14x | 11.11x | 15.77x | 5.58x | 13.74x | 6.11x | 17.47x | 14.03x | 9.09x | 11.71x | 12.68x | 15.60x | 20.87x | 4.86x | 2.38x | 2.13x | 2.84x | 2.58x | 2.45x | 2.72x | 2.50x |
| Quick Ratio | 5.22x | 9.25x | 8.78x | 8.07x | 3.15x | 8.57x | 8.19x | 4.26x | 3.57x | 3.32x | 2.25x | 3.64x | 3.91x | 1.35x | 2.37x | 1.55x | 4.07x | 2.68x | 1.42x | 2.42x | 2.28x | 2.24x | 3.78x | 0.57x | 0.29x | 0.36x | 0.44x | 0.40x | 0.36x | 0.33x | 0.50x |
| Cash Conversion Cycle | 632.07 | 523.9 | 335.23 | 363.71 | 316.32 | 367.02 | 362.79 | 327.38 | 373.93 | 212.26 | 762.9 | 712.91 | 749.32 | 717.97 | 965.8 | 885.98 | 1.06K | 952.02 | 864.43 | 828.38 | 1.01K | 993.22 | 1.05K | 907.36 | 839.4 | 516.41 | 530.03 | 566.35 | 556.01 | 607.85 | 290.34 |
| Total Non-Current Liabilities | 0 | 1 | 0 | 1 | 0 | 163K | 0 | 0 | 500K | 1M | 1M | 1M | 1.5M | 0 | 1.5M | 0 | 1M | 832K | 421K | 509K | 0 | 1.17M | 3.96M | 3.9M | 388K | 412K | 3.5M | 3.5M | 3.5M | 3.5M | 500K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 163K | 0 | 0 | 500K | 1M | 1M | 1M | 1.5M | 0 | 1.5M | 0 | 1M | 832K | 421K | 509K | 0 | 1.17M | 3.96M | 3.9M | 388K | 412K | 3.4M | 3.5M | 3.5M | 3.5M | 500K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 137K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 1 | -137K | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.02M | 1.07M | 1.16M | 1M | 2.74M | 1.02M | 784K | 1.28M | 1.71M | 2.35M | 2.84M | 2.14M | 2.36M | 2.6M | 2.63M | 2.72M | 1.92M | 2.06M | 2.35M | 2.2M | 1.6M | 2.54M | 5.12M | 9.57M | 13.72M | 17.76M | 15.7M | 19.5M | 20.6M | 18.2M | 14.4M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 163K | 0 | 0 | 500K | 1M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1.5M | 1M | 921K | 510K | 598K | 0 | 1.33M | 4.04M | 7.92M | 12.1M | 14.34M | 12.7M | 14.4M | 16.5M | 13.5M | 500K |
| Net Debt | -3.96M | -4.21M | -6.21M | -5.22M | -5.97M | -6.49M | -5.31M | -4.49M | -2.75M | -3.02M | -2.19M | -1.97M | -1.22M | -975K | -405K | -1.59M | -1.77M | -841K | -601K | -2.13M | -1.96M | 787K | 1.08M | 7.6M | 11.91M | 14.15M | 12.4M | 14M | 16.3M | 13.2M | -600K |
| Debt / Equity | 0.00x | - | - | - | - | 0.01x | - | - | 0.04x | 0.09x | 0.10x | 0.09x | 0.09x | 0.08x | 0.08x | 0.08x | 0.05x | 0.04x | 0.02x | 0.03x | - | 0.06x | 0.17x | 0.32x | 0.48x | 0.54x | 0.50x | 0.57x | 0.68x | 0.56x | 0.02x |
| Debt / EBITDA | -0.00x | - | - | - | - | 0.13x | - | - | 0.50x | - | - | - | - | - | - | - | - | - | - | 4.46x | - | 5.22x | - | 79.22x | - | 3.48x | 4.70x | 3.79x | 3.75x | 2.93x | 0.07x |
| Net Debt / EBITDA | 2.49x | -60.99x | -4.54x | -2.20x | -2.63x | -5.23x | -6.07x | -2.84x | -2.77x | - | - | - | - | - | - | - | - | - | - | -15.89x | - | 3.10x | - | 75.96x | - | 3.43x | 4.59x | 3.68x | 3.70x | 2.87x | -0.08x |
| Interest Coverage | - | - | - | - | - | - | - | 157.67x | 20.82x | -63.54x | -7.53x | -12.42x | -27.32x | -25.62x | -8.69x | -7.09x | -119.56x | -811.00x | - | - | -23.92x | -0.49x | -1.45x | -1.02x | -1.73x | 3.93x | - | 3.18x | - | 4.50x | 72.00x |
| Total Equity | 15.06M | 16.56M | 16.84M | 16.14M | 14.38M | 13.24M | 12.81M | 12.7M | 11.86M | 11.69M | 15.21M | 15.79M | 16.88M | 17.81M | 18.53M | 19.14M | 19.5M | 20.71M | 21.45M | 23.3M | 23.25M | 23.47M | 23.99M | 24.55M | 25.12M | 26.64M | 25.4M | 25.1M | 24.4M | 24.1M | 22M |
| Equity Growth % | -31.35% | -1.66% | 4.38% | 12.17% | 8.63% | 3.33% | 0.92% | 7.06% | 1.49% | -23.14% | -3.7% | -6.44% | -5.24% | -3.9% | -3.2% | -1.83% | -5.83% | -3.45% | -7.93% | 0.21% | -0.95% | -2.16% | -2.27% | -2.27% | -5.71% | 4.88% | 1.2% | 2.87% | 1.24% | 9.55% | 249.21% |
| Book Value per Share | 2.50 | 3.15 | 2.79 | 2.67 | 2.43 | 2.26 | 2.19 | 2.23 | 2.10 | 2.11 | 2.75 | 2.85 | 3.05 | 3.22 | 3.35 | 3.46 | 3.52 | 3.74 | 3.88 | 4.25 | 4.26 | 4.29 | 4.24 | 4.31 | 4.42 | 4.50 | 4.20 | 3.99 | 3.62 | 3.47 | 3.88 |
| Total Shareholders' Equity | 15.06M | 16.56M | 16.84M | 16.14M | 14.38M | 13.24M | 12.71M | 12.6M | 11.76M | 11.58M | 15.1M | 15.68M | 16.76M | 17.66M | 18.35M | 18.94M | 19.28M | 20.46M | 21.45M | 23.3M | 23.25M | 23.47M | 23.99M | 24.55M | 25.12M | 26.64M | 25.4M | 25.1M | 24.4M | 24.1M | 22M |
| Common Stock | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 3.64M | 5.12M | 5.42M | 4.78M | 3.28M | 2.23M | 1.71M | 1.66M | 867K | 720K | 4.25M | 4.83M | 5.96M | 6.89M | 7.63M | 8.24M | 8.59M | 9.79M | 10.86M | 12.81M | 12.84M | 13.05M | 13.29M | 13.68M | 14.36M | 15.62M | 14M | 12.9M | 11.4M | 9.6M | 7.4M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -68K | -49K | -61K | -58K | -73K | -66K | 38K | 128K | 144K | 156K | 159K | 158K | 132K | 128K | 98K | 87K | 96K | 92K | 44K | 20K | -17K | 3K | -21K | -35K | -53K | -45K | -1.5M | -1M | -700K | -500K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 96K | 100K | 104K | 104K | 110K | 119K | 150K | 182K | 203K | 219K | 251K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operational Scale Insufficiency
According to reported financial statements, Taitron's total assets have declined from $18.1M in 2023Q3 to $17.1M in 2025Q3, reflecting a persistent contraction in the company's operational footprint as it struggles to maintain its market position within the highly cyclical semiconductor distribution and ODM industry.
The gradual reduction in total assets suggests that the company is not reinvesting in growth, but rather managing a shrinking business model. This trend warrants further investigation into whether the asset base will continue to decline as the company fails to find new revenue streams to replace lost volume.
Based on the most recent quarterly data, Taitron maintains a current ratio of 6.26, which, while providing a significant buffer against short-term shocks, appears to be driven by an accumulation of idle cash rather than efficient working capital management within the core distribution business.
The high current ratio indicates that the company is well-positioned to meet its immediate obligations, yet this liquidity appears largely unproductive. Investors should monitor whether this cash pile remains a defensive asset or if it represents a missed opportunity for capital deployment in a more scalable venture.
As reported in recent filings, retained earnings have fallen from $5.6M in 2023Q3 to $3.6M in 2025Q3, indicating that the company's equity base is being eroded by persistent operational losses and dividend distributions that exceed the firm's current ability to generate internal capital.
The consistent decline in retained earnings suggests that the company is effectively liquidating its past successes to sustain current operations and shareholder payouts. This trend appears unsustainable in the long term if the core business does not return to a profitable growth trajectory.
Based on the provided balance sheet, Taitron's $2.9M in net PPE represents a significant portion of its $17.1M asset base, which may be misleading given the company's 32% revenue decline and the potential for future impairment of these specialized manufacturing and distribution assets.
The reliance on fixed assets in a period of shrinking revenue suggests that the company may be carrying excess capacity that could lead to future write-downs. Analysts should consider whether the book value of these assets accurately reflects their utility in a lower-volume environment.
Quick answers to the most common questions about buying TAIT stock.
As of 2024, Taitron Components Incorporated (TAIT) had total assets of $17.6M including $12.9M in current assets.
Taitron Components Incorporated (TAIT) carries total debt of $0.0M, offset by $9.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Taitron Components Incorporated (TAIT) has total shareholders' equity (book value) of $16.6M ($3.15 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Taitron Components Incorporated (TAIT) reported a current ratio of 12.00x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.