Ambev S.A. - ABEV

ABEV 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 %
ABEV	-1.7	-0.6	-11.9	-21.9	-15.2	-34.1	-31.8	-59.6	-72.6	295.6
S&P 500	1.0	3.7	2.1	2.3	8.2	25.4	31.0	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	ABEV
name	Ambev S.A.
price	1.78
changes percentage	-1.6575
change	-0.03
day low	1.77
day high	1.8
year high	2.72
year low	1.76
market cap	27996228852
price avg 50	2.0776
price avg 200	2.2214
exchange	NYSE
volume	35677982
avg volume	31013383
open	1.78
previous close	1.81
eps	0.15
pe	11.87
earnings announcement	2025-02-26T11:30:00.000+0000
shares outstanding	15728218456
timestamp	2025-01-17 21:00:02

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: 66.7%

Overall Quarterly Financial Health: 68.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001565025
revenue	79736900000	79708800000	0.04
gross profit	40445300000	39286700000	2.95
gross profit ratio	0.51	0.49	2.91
research and development expenses	0	0	NaN
operating expenses	21614300000	21544300000	0.32
interest income	2085612999	2167700000	-3.79
interest expense	2815700000	2328300000	20.93
ebitda	23455640000	23084700000	1.61
ebitdaratio	0.29	0.33	-11.02
operating income	18831000000	17687900000	6.46
operating income ratio	0.24	0.22	6.43
net income	14501900000	14457900000	0.30
net income ratio	0.18	0.18	0.27
eps	0.92	0.92	0.00

Overall Score of Annual Income Statement

0.83 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 79,737 million in 2023 from 79,709 million in 2022 representing a change of 0.04%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 40,445 million in 2023 from 39,287 million in 2022 representing a change of 2.95%. This indicates a sales profitability growth, which is a positive sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 23,456 million in 2023 from 23,085 million in 2022 representing a change of 1.61%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 18,831 million in 2023 from 17,688 million in 2022 representing a change of 6.46%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 14,502 million in 2023 from 14,458 million in 2022 representing a change of 0.3%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 21,614 million in 2023 from 21,544 million in 2022 representing a change of 0.32%. 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.

	2024Q3	2024Q2	Q/Q change %
0001565025
revenue	22096700000	20044215000	10.24
gross profit	11124100000	9984215000	11.42
gross profit ratio	0.5	0.5	1.07
research and development expenses	0	0	NaN
operating expenses	5809800000	5914200000	-1.77
interest income	502500000	273100000	84.00
interest expense	487500000	498100000	-2.13
ebitda	6887400000	5727721000	20.25
ebitdaratio	0.31	0.28	10.58
operating income	5314300000	4079437000	30.27
operating income ratio	0.24	0.2	18.17
net income	3460300000	2396309000	44.40
net income ratio	0.16	0.12	30.99
eps	0.22	0.15	46.67

Overall Score of Quarterly Income Statement

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 22,097 million in 2024Q3 from 20,044 million in 2024Q2 representing a change of 10.24%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 11,124 million in 2024Q3 from 9,984 million in 2024Q2 representing a change of 11.42%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 5,810 million in 2024Q3 from 5,914 million in 2024Q2 representing a change of -1.77%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 6,887 million in 2024Q3 from 5,728 million in 2024Q2 representing a change of 20.25%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 5,314 million in 2024Q3 from 4,079 million in 2024Q2 representing a change of 30.27%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 3,460 million in 2024Q3 from 2,396 million in 2024Q2 representing a change of 44.4%. 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 0.22 in 2024Q3 from 0.22 in 2024Q2 representing a change of 46.67%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001565025
total assets	132644133000	137958100000	-3.85
total liabilities	52500331000	54630300000	-3.90
total equity	80143802000	83327800000	-3.82
cash and cash equivalents	16059000000	14926400000	7.59
short term investments	277200000	454500000	-39.01
long term investments	531300000	551000000	-3.58
total current assets	36563050000	37816700000	-3.32
total non current assets	96081083000	100141400000	-4.05
total current liabilities	41004897000	40540500000	1.15
total non current liabilities	11495434000	14089800000	-18.41
common stock	58177929000	58130500000	0.08
retained earnings	43189840000	14846543000	190.91
total debt	3501100000	3845000000	-8.94

Overall Score of Annual Balance Sheet

0.5 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 132,644 million in 2023 from 137,958 million in 2022 representing a change of -3.85%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 80,144 million in 2023 from 83,328 million in 2022 representing a change of -3.82%. This indicates a decrease in shareholders' equity.

  Short Term Investments: Short Term Investments decreased to 277 million in 2023 from 454 million in 2022 representing a change of -39.01%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 36,563 million in 2023 from 37,817 million in 2022 representing a change of -3.32%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 41,005 million in 2023 from 40,540 million in 2022 representing a change of 1.15%. This indicates a higher short-term debt burden.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 52,500 million in 2023 from 54,630 million in 2022 representing a change of -3.9%. This indicates a decrease in overall liabilities.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 16,059 million in 2023 from 14,926 million in 2022 representing a change of 7.59%. This indicates an increase in available liquid assets.

  Common Stock: Common Stock increased to 58,178 in 2023 from 58,130 in 2022 representing a change of 0.08%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to 43,190 million in 2023 from 14,847 million in 2022 representing a change of 190.91%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 3,501 million in 2023 from 3,845 million in 2022 representing a change of -8.94%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001565025
total assets	147286400000	143438846000	2.68
total liabilities	48402300000	47403494000	2.11
total equity	98884100000	96035352000	2.97
cash and cash equivalents	19784400000	14154434000	39.78
short term investments	1154700000	1187157000	-2.73
long term investments	576000000	1262617000	-54.38
total current assets	42672900000	38316335000	11.37
total non current assets	104613400000	107993890000	-3.13
total current liabilities	35673100000	34618200000	3.05
total non current liabilities	12729200000	12785325000	-0.44
common stock	58226000000	58226036000	-0.00
retained earnings	14834600000	53771228000	-72.41
total debt	3380300000	3456152000	-2.19

Overall Score of Quarterly Balance Sheet

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 147,286 million in 2024Q3 from 143,439 million in 2024Q2 representing a change of 2.68%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 98,884 million in 2024Q3 from 96,035 million in 2024Q2 representing a change of 2.97%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 19,784 million in 2024Q3 from 14,154 million in 2024Q2 representing a change of 39.78%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 42,673 million in 2024Q3 from 38,316 million in 2024Q2 representing a change of 11.37%. This indicates a better liquidity position.

  Total Debt: Total Debt decreased to 3,380 million in 2024Q3 from 3,456 million in 2024Q2 representing a change of -2.19%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 48,402 million in 2024Q3 from 47,403 million in 2024Q2 representing a change of 2.11%. This indicates an increase in overall liabilities.

  Short Term Investments: Short Term Investments decreased to 1,155 million in 2024Q3 from 1,187 million in 2024Q2 representing a change of -2.73%. This indicates a decrease in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities increased to 35,673 million in 2024Q3 from 34,618 million in 2024Q2 representing a change of 3.05%. This indicates a higher short-term debt burden.

  Common Stock: Common Stock decreased to 58,226 in 2024Q3 from 58,226 in 2024Q2 representing a change of -0.0%. This indicates a decrease in ownership interest.

  Retained Earnings: Retained Earnings decreased to 14,835 million in 2024Q3 from 53,771 million in 2024Q2 representing a change of -72.41%. This indicates an accumulated losses.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001565025
net change in cash	1206900000	-1745100000	169.16
operating cash flow	24711400000	20642200000	19.71
free cash flow	18707300000	14109100000	32.59
capital expenditure	-6004100000	-6533100000	8.10
depreciation and amortization	6415200000	5956300000	7.70
deferred income tax	253800000	-655600000	138.71
stock based compensation	331618000	313900000	5.64
accounts payables	-223101000	726616000	-130.70
inventory	1300766000	-3088000000	142.12
acquisitions net	-46500000	-3000000	-1450.00
investments in property plant and equipment	-6004099000	-6533100000	8.10
net cash used for investing activites	-5766000000	-5004100000	-15.23
debt repayment	-1357743000	-810097000	-67.60
common stock issued	14500000	23800000	-39.08
common stock repurchased	-118989000	-54082000	-120.02
dividends paid	-11921949000	-12242324000	2.62
net cash used provided by financing activities	-16115200000	-16337900000	1.36
cash at end of period	16059000000	14852100000	8.13
accounts receivables	-1373883000	-322510000	-326.00
cash at beginning of period	14852100000	16597200000	-10.51

Overall Score of Annual Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 1,207 million in 2023 from -1,745 million in 2022 representing a change of 169.16%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 24,711 million in 2023 from 20,642 million in 2022 representing a change of 19.71%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 18,707 million in 2023 from 14,109 million in 2022 representing a change of 32.59%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 223 million in 2023 from 727 million in 2022 representing a change of -130.7%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -1,374 million in 2023 from -323 million in 2022 representing a change of -326.0%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to -11,922 million in 2023 from -12,242 million in 2022 representing a change of 2.62%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to -6,004 million in 2023 from -6,533 million in 2022 representing a change of 8.1%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Deferred Income Tax: Deferred Income Tax increased to 254 million in 2023 from -656 million in 2022 representing a change of 138.71%. This indicates that the company's tax liability for future periods has increased.

  Stock-Based Compensation: Stock-Based Compensation increased to 332 million in 2023 from 314 million in 2022 representing a change of 5.64%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001565025
operating cash flow	8108400000	3358126000	141.46
free cash flow	6922400000	2330035001	197.09
capital expenditure	-1186000000	-1028090999	-15.36
depreciation and amortization	1730300000	1719851000	0.61
deferred income tax	1103300000	979874000	12.60
stock based compensation	102800000	83192000	23.57
accounts receivables	19200000	-370764000	105.18
accounts payables	0	-1308550000	100.00
inventory	78900000	-357858000	122.05
acquisitions net	-200000	3837000	-105.21
investments in property plant and equipment	-1186000000	-1028090999	-15.36
net cash used for investing activites	-1134000000	-1079056000	-5.09
debt repayment	-350000000	-770266000	54.56
common stock issued	0	0	NaN
common stock repurchased	-200000	-291104000	99.93
dividends paid	-89900000	-85957000	-4.59
net cash used provided by financing activities	-1087900000	-1699231000	35.98
net change in cash	5630000000	1309910000	329.80
cash at end of period	19784400000	14154434000	39.78
cash at beginning of period	14154400000	12844524000	10.20

Overall Score of Quarterly Cashflow Statement

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 5,630 million in 2024Q3 from 1,310 million in 2024Q2 representing a change of 329.8%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 8,108 million in 2024Q3 from 3,358 million in 2024Q2 representing a change of 141.46%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 6,922 million in 2024Q3 from 2,330 million in 2024Q2 representing a change of 197.09%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -1,186 million in 2024Q3 from -1,028 million in 2024Q2 representing a change of -15.36%. 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 0 million in 2024Q3 from 1,309 million in 2024Q2 representing a change of 100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Deferred Income Tax: Deferred Income Tax increased to 1,103 million in 2024Q3 from 980 million in 2024Q2 representing a change of 12.6%. This indicates that the company's tax liability for future periods has increased.

  Stock-Based Compensation: Stock-Based Compensation increased to 103 million in 2024Q3 from 83 million in 2024Q2 representing a change of 23.57%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

  Accounts Receivables: Accounts Receivables increased to 19 in 2024Q3 from -371 million in 2024Q2 representing a change of 105.18%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -90 million in 2024Q3 from -86 million in 2024Q2 representing a change of -4.59%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

Earnings Transcripts ⓘ

We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.

Note: The years mentioned below are fiscal years in accounting.

Q3 2024 Earnings call transcript
Q2 2024 Earnings call transcript
Q1 2024 Earnings call transcript
Q4 2023 Earnings call transcript
Q3 2023 Earnings call transcript
Q2 2023 Earnings call transcript
Q1 2023 Earnings call transcript
Q4 2022 Earnings call transcript

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	5.06	5.06	0.02
net income per share	0.92	0.92	0.29
operating cash flow per share	1.57	1.31	19.69
free cash flow per share	1.19	0.9	32.57
cash per share	1.04	0.98	6.19
book value per share	5.09	5.29	-3.84
tangible book value per share	2.04	2.13	-4.23
shareholders equity per share	5.02	5.21	-3.66
interest debt per share	0.4	0.39	2.31
market cap	205312192000	208265244390	-1.42
enterprise value	192754292000	197183844390	-2.25
pe ratio	14.16	14.4	-1.72
price to sales ratio	2.57	2.61	-1.45
pocfratio	8.31	10.09	-17.65
pfcf ratio	10.97	14.76	-25.65
pb ratio	2.6	2.54	2.31
ptb ratio	2.6	2.54	2.31
ev to sales	2.42	2.47	-2.28
enterprise value over ebitda	7.94	8.47	-6.19
ev to operating cash flow	7.8	9.55	-18.34
ev to free cash flow	10.3	13.98	-26.27
earnings yield	0.07	0.07	1.75
free cash flow yield	0.09	0.07	34.50
debt to equity	0.04	0.05	-5.50
debt to assets	0.03	0.03	-5.30
net debt to ebitda	-0.52	-0.48	-8.75
current ratio	0.89	0.93	-4.41
interest coverage	6.69	7.6	-11.97
income quality	1.7	1.39	22.93
dividend yield	0.06	0.06	-1.22
payout ratio	0.82	0.85	-2.91
sales general and administrative to revenue	0.07	0.07	0.67
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.36	0.36	0.31
capex to operating cash flow	0.24	0.32	-23.23
capex to revenue	0.08	0.08	-8.13
capex to depreciation	0.94	1.1	-14.67
stock based compensation to revenue	0.0	0.0	5.61
graham number	10.2	10.37	-1.71
roic	0.2	0.19	7.30
return on tangible assets	0.17	0.16	4.51
graham net net	-1.57	-1.7	7.75
working capital	-4442000000	-2723700000	-63.09
tangible asset value	32098333000	33511600000	-4.22
net current asset value	-15937400000	-16813500000	5.21
invested capital	70233500000	77148200000	-8.96
average receivables	8689900000	7803400000	11.36
average payables	23761800500	24703200000	-3.81
average inventory	10822900000	11459550000	-5.56
days sales outstanding	42.01	37.56	11.84
days payables outstanding	215.47	219.68	-1.92
days of inventory on hand	84.36	113.46	-25.65
receivables turnover	8.69	9.72	-10.59
payables turnover	1.69	1.66	1.95
inventory turnover	4.33	3.22	34.49
roe	0.18	0.18	4.10
capex per share	0.38	0.42	-8.11

• Neutral

  ROE: Return on Equity (ROE) decreased to 0.18 on 2023-12-31 from 0.18 on 2022-12-31, representing a change of 4.10%. However, ROE is >= 15%, suggesting that the company has been generating high returns for its shareholders still.

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 14.16 on 2023-12-31 from 14.40 on 2022-12-31, representing a change of -1.72%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.89 on 2023-12-31 from 0.93 on 2022-12-31, representing a change of -4.41%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.04 on 2023-12-31 from 0.05 on 2022-12-31, representing a change of -5.50%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
ABEV
calendar year	2024	2024	NaN
revenue per share	1.41	1.27	10.29
net income per share	0.22	0.15	44.47
operating cash flow per share	0.52	0.21	141.57
free cash flow per share	0.44	0.15	197.23
cash per share	1.33	0.98	36.55
book value per share	6.29	6.1	3.01
tangible book value per share	2.89	2.69	7.41
shareholders equity per share	6.24	6.05	3.07
interest debt per share	0.25	0.25	-2.14
market cap	195641392000	171345438000	14.18
enterprise value	179237292000	160647238000	11.57
pe ratio	14.13	17.88	-20.93
price to sales ratio	8.85	8.55	3.57
pocfratio	24.13	51.02	-52.71
pfcf ratio	28.26	73.54	-61.57
pb ratio	1.99	1.8	10.83
ptb ratio	1.99	1.8	10.83
ev to sales	8.11	8.01	1.21
enterprise value over ebitda	26.02	27.9	-6.73
ev to operating cash flow	22.11	47.84	-53.79
ev to free cash flow	25.89	68.95	-62.45
earnings yield	0.02	0.01	26.47
free cash flow yield	0.04	0.01	160.20
debt to equity	0.03	0.04	-5.06
debt to assets	0.02	0.02	-4.75
net debt to ebitda	-2.38	-1.86	-28.18
current ratio	1.2	1.11	8.08
interest coverage	10.9	7.16	52.28
income quality	2.27	1.4	62.24
dividend yield	0.0	0.0	-8.40
payout ratio	0.03	0.04	-27.57
sales general and administrative to revenue	0.07	0.07	-4.35
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.36	0.37	-3.09
capex to operating cash flow	0.15	0.31	-52.22
capex to revenue	0.05	0.05	4.64
capex to depreciation	0.69	0.6	14.66
stock based compensation to revenue	0.0	0.0	12.08
graham number	5.56	4.55	22.03
roic	0.04	0.02	54.85
return on tangible assets	0.04	0.03	38.07
graham net net	-0.99	-1.24	20.44
working capital	6999800000	3698100000	89.28
tangible asset value	45438400000	42325100000	7.36
net current asset value	-5729400000	-9087100000	36.95
invested capital	89213077000	86427800000	3.22
average receivables	8853101000	8816243000	0.42
average payables	17195749000	13967481000	23.11
average inventory	11259600000	10869610500	3.59
days sales outstanding	34.86	41.07	-15.12
days payables outstanding	172.84	110.67	56.17
days of inventory on hand	90.99	94.94	-4.16
receivables turnover	2.58	2.19	17.81
payables turnover	0.52	0.81	-35.97
inventory turnover	0.99	0.95	4.34
roe	0.04	0.03	40.17
capex per share	0.08	0.07	15.41

• Negative

  ROE: Return on Equity (ROE) increased to 0.04 on 2024-09-30 Q3 from 0.03 on 2024-06-30 Q2, representing a change of 40.17%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 14.13 on 2024-09-30 Q3 from 17.88 on 2024-06-30 Q2, representing a change of -20.93%. Indicating a decrease in the relative valuation of the company's stock.

• Positive

  Current Ratio: Current Ratio increased to 1.20 on 2024-09-30 Q3 from 1.11 on 2024-06-30 Q2, representing a change of 8.08%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.03 on 2024-09-30 Q3 from 0.04 on 2024-06-30 Q2, representing a change of -5.06%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Positive Sentiment: Discounted Cash Flow value is 4.55 which is higher than current price 1.78, indicates the company may be undervalued.