TREC · Trecora Resources - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $272.69M | $208.63M | $258.96M | $212.40M | $212.40M | $289.64M |
| Cost of Revenue | $244.11M | $179.95M | $220.44M | $260.11M | $203.58M | $172.50M |
| Gross Profit | $28.58M | $28.68M | $38.52M | $27.82M | $41.56M | $39.90M |
| R&D | - | - | - | - | - | - |
| SG&A | $26.12M | $24.89M | $24.39M | $22.40M | $22.59M | $20.43M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $17.30M | $16.15M | $16.20M | $14.36M | $10.96M | $9.78M |
| Operating Income | ($3.08M) | $2.94M | ($10.86M) | $2.33M | $18.10M | $18.71M |
| Interest Expense | $1.21M | $2.49M | $5.14M | $4.10M | $2.93M | $1.99M |
| Income Tax | ($2.36M) | ($3.96M) | ($3.57M) | ($807.0K) | ($7.16M) | $10.50M |
| Net Income | $4.96M | $31.18M | ($14.97M) | ($2.33M) | $18.01M | $19.43M |
| EPS - Basic | $0.20 | $1.26 | ($0.61) | ($0.10) | $0.74 | $0.80 |
| EPS - Diluted | $0.20 | $1.23 | ($0.61) | ($0.10) | $0.72 | $0.78 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $30.54M | $55.66M | $6.14M | $6.74M | $3.03M | $8.39M |
| Accounts Receivable | $32.81M | $25.30M | $26.32M | $27.11M | $25.78M | $22.19M |
| Inventory | $21.13M | $12.95M | $13.62M | $16.54M | $18.45M | $17.87M |
| Accounts Payable | $12.07M | $14.45M | $14.60M | $19.11M | $18.35M | $13.31M |
| Current Assets | $88.79M | $105.90M | $84.09M | $55.23M | $57.27M | $57.56M |
| Total Assets | $293.54M | $316.83M | $301.82M | $329.97M | $327.33M | $292.10M |
| Current Liabilities | $26.00M | $29.58M | $28.64M | $29.49M | $31.54M | $26.71M |
| Long-term Debt | $37.71M | $41.90M | $79.09M | $98.29M | $91.02M | $73.11M |
| Total Liabilities | $93.57M | $112.43M | $130.38M | $144.81M | $142.31M | $127.72M |
| Stockholders' Equity | $199.97M | $204.12M | $171.15M | $184.87M | $184.72M | $164.09M |
| Retained Earnings | $145.70M | $140.32M | $109.15M | $124.12M | $126.45M | $108.45M |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.38M | $25.57M | $25.12M | $19.89M | $28.51M | $28.51M |
| Investing Cash Flow | ($13.30M) | $55.33M | ($6.03M) | ($19.87M) | ($40.51M) | ($40.51M) |
| Financing Cash Flow | ($16.21M) | ($31.38M) | ($19.68M) | $3.68M | $1.76M | $1.76M |
| CapEx | $14.15M | $13.35M | $10.08M | $25.29M | $51.58M | $38.48M |
| Free Cash Flow | ($9.78M) | $12.21M | $15.04M | ($5.39M) | ($23.07M) | ($9.97M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 10.5% | 13.7% | 14.9% | 13.1% | 19.6% | 13.8% |
| Operating margin | -1.1% | 1.4% | -4.2% | 1.1% | 8.5% | 6.5% |
| EBITDA margin | 5.2% | 9.1% | 2.1% | 7.9% | 13.7% | 9.8% |
| Net margin | 1.8% | 14.9% | -5.8% | -1.1% | 8.5% | 6.7% |
| Free cash flow margin | -3.6% | 5.9% | 5.8% | -2.5% | -10.9% | -3.4% |
| FCF / Net income | -1.97 | 0.39 | -1.00 | 2.31 | -1.28 | -0.51 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 9.6% | 11.9% | 9.4% | 10.5% | 10.6% | 7.1% |
| Effective tax rate | -91.0% | -14.6% | - | - | -66.0% | 35.1% |
| Return on assets | 1.7% | 9.8% | -5.0% | -0.7% | 5.5% | 6.7% |
| Return on equity | 2.5% | 15.3% | -8.7% | -1.3% | 9.7% | 11.8% |
| Return on invested capital | -1.3% | 1.2% | -3.4% | 0.7% | 6.6% | 5.1% |
| Liquidity | ||||||
| Current ratio | 3.42 | 3.58 | 2.94 | 1.87 | 1.82 | 2.15 |
| Quick ratio | 2.60 | 3.14 | 2.46 | 1.31 | 1.23 | 1.49 |
| Cash ratio | 1.17 | 1.88 | 0.21 | 0.23 | 0.10 | 0.31 |
| Leverage | ||||||
| Debt / Equity | 0.19 | 0.21 | 0.46 | 0.53 | 0.49 | 0.45 |
| Debt / Assets | 0.13 | 0.13 | 0.26 | 0.30 | 0.28 | 0.25 |
| Debt / EBITDA | 2.65 | 2.20 | 14.82 | 5.89 | 3.13 | 2.57 |
| Interest coverage | -2.6x | 1.2x | -2.1x | 0.6x | 6.2x | 9.4x |
| Equity multiplier | 1.47 | 1.55 | 1.76 | 1.78 | 1.77 | 1.78 |
| Liabilities / Assets | 0.32 | 0.35 | 0.43 | 0.44 | 0.43 | 0.44 |
| Efficiency | ||||||
| Asset turnover | 0.93 | 0.66 | 0.86 | 0.64 | 0.65 | 0.99 |
| Inventory turnover | 11.55 | 13.90 | 16.18 | 15.73 | 11.03 | 9.65 |
| Days sales outstanding | 44d | 44d | 37d | 47d | 44d | 28d |
| Days inventory outstanding | 32d | 26d | 23d | 23d | 33d | 38d |
| Days payable outstanding | 18d | 29d | 24d | 27d | 33d | 28d |
| Cash conversion cycle | 57d | 41d | 35d | 43d | 44d | 38d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 30.7% | -19.4% | 21.9% | 0.0% | -26.7% | 22.6% |
| Revenue CAGR (3y) | 8.7% | -0.6% | -3.7% | -3.5% | -1.6% | 13.2% |
| Revenue CAGR (5y) | -1.2% | -2.5% | 3.0% | 1.3% | 8.8% | 19.8% |
| Gross profit growth (YoY) | -0.4% | -25.5% | 38.5% | -33.1% | 4.2% | -32.8% |
| Operating income growth (YoY) | - | - | - | -87.1% | -3.2% | -48.1% |
| Net income growth (YoY) | -84.1% | - | -542.1% | - | -7.3% | 4.5% |
| EPS growth (YoY) | -83.7% | - | -510.0% | - | -7.7% | 5.4% |
| EPS CAGR (3y) | - | 19.5% | - | - | 4.6% | -0.4% |
| EPS CAGR (5y) | -23.8% | 10.7% | - | - | 9.4% | 22.7% |
| FCF growth (YoY) | - | -18.8% | - | 76.6% | -131.4% | - |
| FCF CAGR (5y) | - | 8.0% | 17.9% | - | - | - |
| Book value growth (YoY) | -2.0% | 19.3% | -7.4% | 0.1% | 12.6% | 15.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$272.69M totalPetrochemical Segment$234.09M · 85.8%
Specialty Wax Segment$38.60M · 14.2%
Product / service
$272.69M totalProduct$257.54M · 94.4%
Service$15.15M · 5.6%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
2.37
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Petroleum Refining
Comparing TRECORA RESOURCES against the 5 most active filers in the same SIC group.