Raymond Industrial Limited - 0229.HK

0229.HK Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
0229.HK	0	0	0	-5.3	-5.3	6.0	-10.1	-1.1	-9.2	64.8
S&P 500	0.6	1.5	1.9	5.0	9.6	25.1	38.0	83.0	196.6	34364.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	0229.HK
name	Raymond Industrial Limited
price	0.89
changes percentage	0
change	0
day low	0.89
day high	0.89
year high	1.09
year low	0.83
market cap	446179250
price avg 50	0.90
price avg 200	0.95
exchange	HKSE
volume	20000
avg volume	65774
open	0.89
previous close	0.89
eps	0.14
pe	6.36
earnings announcement	2025-05-20T19:00:00.000+0000
shares outstanding	501325000
timestamp	2025-01-23 07:51:41

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 64.3%

Overall Quarterly Financial Health: 50.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	1362732000	1063058000	28.19
gross profit	183725000	129987000	41.34
gross profit ratio	0.13	0.12	10.26
research and development expenses	46767000	39115000	19.56
operating expenses	183725000	104666000	75.53
interest income	15178000	3455000	339.31
interest expense	0	0	NaN
ebitda	80902000	56915000	42.15
ebitdaratio	0.06	0.05	10.89
operating income	28332000	25336000	11.83
operating income ratio	0.02	0.02	-12.77
net income	67871000	30504000	122.50
net income ratio	0.05	0.03	73.57
eps	0.14	0.06	130.26

Overall Score of Annual Income Statement

0.88 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 1,363 million in 2023 from 1,063 million in 2022 representing a change of 28.19%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 184 million in 2023 from 130 million in 2022 representing a change of 41.34%. This indicates a sales profitability growth, which is a positive sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses increased to 47 million in 2023 from 39 million in 2022 representing a change of 19.56%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 81 million in 2023 from 57 million in 2022 representing a change of 42.15%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 28 million in 2023 from 25 million in 2022 representing a change of 11.83%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 68 million in 2023 from 31 million in 2022 representing a change of 122.5%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.14 in 2023 from 0.14 in 2022 representing a change of 130.26%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 184 million in 2023 from 105 million in 2022 representing a change of 75.53%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	261728500	261728500	0.00
gross profit	38846500	38846500	0.00
gross profit ratio	0.15	0.15	0.00
research and development expenses	9459000	9459000	0.00
operating expenses	41455000	41455000	0.00
interest income	0	0	NaN
interest expense	0	0	NaN
ebitda	13372000	13372000	0.00
ebitdaratio	0.05	0.05	0.00
operating income	-2608500	-2608500	0.00
operating income ratio	-0.01	-0.01	0.00
net income	13410500	13410500	0.00
net income ratio	0.05	0.05	0.00
eps	0.03	0.03	0.00

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	891050000	854140000	4.32
total liabilities	217509000	208274000	4.43
total equity	673541000	645866000	4.28
cash and cash equivalents	367415000	334379000	9.88
short term investments	5903000	7924000	-25.50
long term investments	0	0	NaN
total current assets	761955000	711225000	7.13
total non current assets	129095000	142915000	-9.67
total current liabilities	217352000	208115000	4.44
total non current liabilities	157000	159000	-1.26
common stock	467676000	467676000	0.00
retained earnings	122024000	91969000	32.68
total debt	0	0	NaN

Overall Score of Annual Balance Sheet

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 891 million in 2023 from 854 million in 2022 representing a change of 4.32%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 674 million in 2023 from 646 million in 2022 representing a change of 4.28%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 367 million in 2023 from 334 million in 2022 representing a change of 9.88%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 762 million in 2023 from 711 million in 2022 representing a change of 7.13%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 122 million in 2023 from 92 million in 2022 representing a change of 32.68%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 218 million in 2023 from 208 million in 2022 representing a change of 4.43%. This indicates an increase in overall liabilities.

  Short Term Investments: Short Term Investments decreased to 6 million in 2023 from 8 million in 2022 representing a change of -25.5%. This indicates a decrease in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities increased to 217 million in 2023 from 208 million in 2022 representing a change of 4.44%. This indicates a higher short-term debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	903003000	903003000	0.00
total liabilities	222237000	222237000	0.00
total equity	680766000	680766000	0.00
cash and cash equivalents	366214000	366214000	0.00
short term investments	5688000	5688000	0.00
long term investments	0	0	NaN
total current assets	742972000	742972000	0.00
total non current assets	160031000	160031000	0.00
total current liabilities	222080000	222080000	0.00
total non current liabilities	157000	157000	0.00
common stock	467676000	467676000	0.00
retained earnings	154612000	154612000	0.00
total debt	0	0	NaN

Overall Score of Quarterly Balance Sheet

0.5 out of 1

Detailed Analysis

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	33036000	89577000	-63.12
operating cash flow	91746000	136906000	-32.99
free cash flow	51241000	116804000	-56.13
capital expenditure	-40505000	-20102000	-101.50
depreciation and amortization	26593000	31579000	-15.79
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	8846000	-76316000	111.59
inventory	51841000	21467000	141.49
acquisitions net	0	93000	-100.00
investments in property plant and equipment	-40505000	-20102000	-101.50
net cash used for investing activites	-23655000	-16554000	-42.90
debt repayment	0	0	NaN
common stock issued	0	86000	-100.00
common stock repurchased	0	0	NaN
dividends paid	-35105000	-30050000	-16.82
net cash used provided by financing activities	-35105000	-29964000	-17.16
cash at end of period	367415000	334379000	9.88
accounts receivables	-69654000	146044000	-147.69
cash at beginning of period	334379000	244802000	36.59

Overall Score of Annual Cashflow Statement

0.43 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 33 million in 2023 from 90 million in 2022 representing a change of -63.12%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 92 million in 2023 from 137 million in 2022 representing a change of -32.99%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 51 million in 2023 from 117 million in 2022 representing a change of -56.13%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Dividends Paid: Dividends Paid decreased to -35 million in 2023 from -30 million in 2022 representing a change of -16.82%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• 📈 Positive Indicators

  Capital Expenditure: Capital Expenditure decreased to -41 million in 2023 from -20 million in 2022 representing a change of -101.5%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Accounts Payables: The absolute value of Accounts Payables decreased to 9 million in 2023 from 76 million in 2022 representing a change of 111.59%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -70 million in 2023 from 146 million in 2022 representing a change of -147.69%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	23727000	23727000	0.00
free cash flow	17137000	17137000	0.00
capital expenditure	-6590000	-6590000	0.00
depreciation and amortization	6635000	6635000	0.00
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	5449000	5449000	0.00
accounts payables	0	0	NaN
inventory	3061000	3061000	0.00
acquisitions net	0	0	NaN
investments in property plant and equipment	-6590000	-6590000	0.00
net cash used for investing activites	-1921500	-1921500	0.00
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-22352000	-22352000	0.00
net cash used provided by financing activities	-22352000	-22352000	0.00
net change in cash	-600500	-600500	0.00
cash at end of period	-600500	-600500	0.00
cash at beginning of period	0	0	NaN

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	2.72	2.12	28.18
net income per share	0.14	0.06	122.48
operating cash flow per share	0.18	0.27	-32.99
free cash flow per share	0.1	0.23	-56.14
cash per share	0.74	0.68	9.05
book value per share	1.34	1.29	4.27
tangible book value per share	1.34	1.29	4.27
shareholders equity per share	1.34	1.29	4.27
interest debt per share	0	0	NaN
market cap	386020918.36	390995280	-1.27
enterprise value	18605918.36	56616280	-67.14
pe ratio	5.69	12.82	-55.63
price to sales ratio	0.28	0.37	-22.98
pocfratio	4.21	2.86	47.32
pfcf ratio	7.53	3.35	125.05
pb ratio	0.57	0.61	-5.33
ptb ratio	0.57	0.61	-5.33
ev to sales	0.01	0.05	-74.36
enterprise value over ebitda	0.23	0.99	-76.88
ev to operating cash flow	0.2	0.41	-50.96
ev to free cash flow	0.36	0.48	-25.09
earnings yield	0.18	0.08	125.37
free cash flow yield	0.13	0.3	-55.57
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	-4.54	-5.88	22.70
current ratio	3.51	3.42	2.58
interest coverage	0	0	NaN
income quality	1.35	3.99	-66.10
dividend yield	0.09	0.08	18.33
payout ratio	0.52	0.99	-47.50
sales general and administrative to revenue	0.09	0.09	-3.78
research and ddevelopement to revenue	0.03	0.04	-6.73
intangibles to total assets	0	0	NaN
capex to operating cash flow	0.44	0.15	200.68
capex to revenue	0.03	0.02	57.19
capex to depreciation	1.52	0.64	139.28
stock based compensation to revenue	0	0	NaN
graham number	2.02	1.33	52.31
roic	0.04	0.03	4.36
return on tangible assets	0.08	0.04	113.28
graham net net	0.79	0.73	7.73
working capital	544603000	503110000	8.25
tangible asset value	673541000	645866000	4.28
net current asset value	544446000	502951000	8.25
invested capital	670670000	643160000	4.28
average receivables	200785000	251709000	-20.23
average payables	155608000	201485000	-22.77
average inventory	171482000	209004500	-17.95
days sales outstanding	59.79	61.24	-2.37
days payables outstanding	45.92	63.71	-27.92
days of inventory on hand	44.73	77.65	-42.40
receivables turnover	6.11	5.96	2.43
payables turnover	7.95	5.73	38.73
inventory turnover	8.16	4.7	73.60
roe	0.1	0.05	113.36
capex per share	0.08	0.04	101.48

• ROE:

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 5.69 on 2023-12-31 from 12.82 on 2022-12-31, representing a change of -55.63%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 3.51 on 2023-12-31 from 3.42 on 2022-12-31, representing a change of 2.58%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
0229.HK
calendar year	2024	2024	NaN
revenue per share	0.52	0.52	0.00
net income per share	0.03	0.03	0.00
operating cash flow per share	0.05	0.05	0.00
free cash flow per share	0.03	0.03	0.00
cash per share	0.74	0.74	0.00
book value per share	1.36	1.36	0.00
tangible book value per share	1.36	1.36	0.00
shareholders equity per share	1.36	1.36	0.00
interest debt per share	0	0	NaN
market cap	501327102	481274017.92	4.17
enterprise value	135113102	115060017.92	17.43
pe ratio	9.35	8.97	4.17
price to sales ratio	1.92	1.84	4.17
pocfratio	21.13	20.28	4.17
pfcf ratio	29.25	28.08	4.17
pb ratio	0.74	0.71	4.17
ptb ratio	0.74	0.71	4.17
ev to sales	0.52	0.44	17.43
enterprise value over ebitda	10.1	8.6	17.43
ev to operating cash flow	5.69	4.85	17.43
ev to free cash flow	7.88	6.71	17.43
earnings yield	0.03	0.03	-4.00
free cash flow yield	0.03	0.04	-4.00
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	-27.39	-27.39	0.00
current ratio	3.35	3.35	0.00
interest coverage	0	0	NaN
income quality	1.77	1.77	0.00
dividend yield	0.04	0.05	-4.00
payout ratio	1.67	1.67	0.00
sales general and administrative to revenue	0.11	0.11	0.00
research and ddevelopement to revenue	0.04	0.04	0.00
intangibles to total assets	0	0	NaN
capex to operating cash flow	0.28	0.28	0.00
capex to revenue	0.03	0.03	0.00
capex to depreciation	0.99	0.99	0.00
stock based compensation to revenue	0	0	NaN
graham number	0.9	0.9	0.00
roic	-0.0	-0.0	0.00
return on tangible assets	0.01	0.01	0.00
graham net net	0.76	0.76	0.00
working capital	520892000	520892000	0.00
tangible asset value	680766000	680766000	0.00
net current asset value	520735000	520735000	0.00
invested capital	644082000	644082000	0.00
average receivables	215952000	219583500	-1.65
average payables	159036000	153689500	3.48
average inventory	138552000	141512500	-2.09
days sales outstanding	74.26	74.26	0.00
days payables outstanding	64.22	64.22	0.00
days of inventory on hand	55.95	55.95	0.00
receivables turnover	1.21	1.21	0.00
payables turnover	1.4	1.4	0.00
inventory turnover	1.61	1.61	0.00
roe	0.02	0.02	0.00
capex per share	0.01	0.01	0.00

• Negative

  ROE: Return on Equity (ROE) decreased to 0.02 on 2024-06-30 Q2 from 0.02 on 2024-03-31 Q1, representing a change of 0.00%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 3.35 on 2024-06-30 Q2 from 3.35 on 2024-03-31 Q1, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 9.35 on 2024-06-30 Q2 from 8.97 on 2024-03-31 Q1, representing a change of 4.17%. Indicating an increase in the relative valuation of the company's stock.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None