TRS 0.32% $3.11 the reject shop limited

Been watching TRS for 2 years and just something that stood out...

  1. 55 Posts.
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    Been watching TRS for 2 years and just something that stood out to me in the reporting. Pattern for the long term is that NPAT margin has been a falling. GP% seems stable around 40+%, but it's the overhead that is dragging the business. Despite more than double in sales over last 10 years, NPAT fluctuated within the range of $11 mil +/-. Still a profitable nonetheless, just eroding margin from accrual accounting perspective.

    Hopefully they can turn the business around by considering controlling overheads. GLTAH.
    https://hotcopper.com.au/data/attachments/1352/1352921-93211cd7f87e0c14787fe93462a4b5e2.jpg
 
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