XML 64 R32.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Principal Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Principal Accounting Policies

Schedule of assets and liabilities that are measured at fair value on a recurring basis

​

​	​	​	​	​	​	​	​	​
​	​	​	​	Fair value measurement at reporting date using
​		Fair value		Quoted Prices in Active		​		Significant
​	​	as of	​	Markets for Identical	​	Significant Other	​	Unobservable
​	​	December 31,	​	Assets	​	Observable Inputs	​	Inputs
Description		2022		(Level 1)		(Level 2)		(Level 3)
​	​	US$	​	US$	​	US$	​	US$
Assets:
Short-term investments		821,134		2,249		818,885		—
Long-term investments	​	18,031	​	—	​	366	​	17,665
​	​	839,165	​	2,249	​	819,251	​	17,665

​

​	​	​	​	​	​	​	​	​
​	​	​		Fair value measurement at reporting date using
​		Fair value		Quoted Prices in Active		​		Significant
​		as of		Markets for Identical		Significant Other		Unobservable
​		December 31,		Assets		Observable Inputs		Inputs
Description		2023		(Level 1)		(Level 2)		(Level 3)
​		US$	​	US$	​	US$	​	US$
Assets:	​	​	​	​	​	​	​	​
Short-term investments		291,023		2,265		288,758		—
Long-term investments		10,110		—		236		9,874
​	​	301,133	​	2,265	​	288,994	​	9,874

Schedule of roll forward of major Level 3 investments

​

​	​	​
​		US$
​	​	​
Fair value of Level 3 investments as of December 31, 2021		25,583
New addition		1,575
The change in fair value of the investments		(9,493)
Fair value of Level 3 investments as of December 31, 2022		17,665
The change in fair value of the investments	​	(7,791)
Fair value of Level 3 investments as of December 31, 2023	​	9,874

Schedule of significant unobservable inputs adopted in the valuation

​

​	​	​	​	​	​
​		As of December 31,
​		2022		2023	​
Unobservable Inputs	​	​		​	​
​	​	​	​	​	​
Expected volatility		40%-63	%	40%-59	%
Probability		Liquidation scenario:35%-45	%	Liquidation scenario:38%-40	%
​		Redemption scenario:35%-45	%	Redemption scenario:38%-40	%
​		IPO scenario:10%-30	%	IPO scenario:20%-25	%

Schedule of property, plant and equipment estimated useful life

​

​	​	​
Leasehold improvements		the shorter of their useful lives and the lease terms
Computers and electronic equipment		3 years
Office equipment		3 years
Software		3 years

Disaggregated major revenue

​

​	​	​	​	​	​	​
​	​	Year Ended December 31,
​		2021		2022		2023
​	​	US$	​	US$	​	US$
IoT PaaS		261,360		152,914	​	167,694
Smart device distribution		22,153		25,446	​	26,517
SaaS and others		18,563		29,812	​	35,779
Total revenue		302,076		208,172	​	229,990

X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

No definition available.

+ Details

Name:	tuya_PropertyPlantAndEquipmentEstimatedUsefulLifeTableTextBlock
Namespace Prefix:	tuya_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration