Japan Tobacco Inc. - JAPAY

JAPAY 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 %
JAPAY	0.5	2.8	-5.8	-8.1	-12.6	-2.9	21.7	15.2	-13.2	84.2
S&P 500	0.9	0.9	2.0	3.4	8.7	24.7	37.2	82.1	193.2	34153.9

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	JAPAY
name	Japan Tobacco Inc.
price	12.43
changes percentage	0.485
change	0.06
day low	12.41
day high	12.47
year high	14.99
year low	12.023
market cap	44141160191
price avg 50	13.34368
price avg 200	13.82548
exchange	PNK
volume	17016
avg volume	140661
open	12.45
previous close	12.37
eps	0.87
pe	14.29
earnings announcement	2025-02-13T06:30:00.000+0000
shares outstanding	3551179420
timestamp	2025-01-21 20:59:56

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 %
0000000000
revenue	2841077000000	2657832000000	6.89
gross profit	1615103000000	1566843000000	3.08
gross profit ratio	0.57	0.59	-3.57
research and development expenses	0	70808000000	-100.00
operating expenses	942693000000	921276000000	2.32
interest income	44414000000	31147000000	42.59
interest expense	95222000000	91272000000	4.33
ebitda	824778000000	836313000000	-1.38
ebitdaratio	0.29	0.33	-12.75
operating income	672410000000	653575000000	2.88
operating income ratio	0.24	0.25	-3.75
net income	482289000000	442716000000	8.94
net income ratio	0.17	0.17	1.91
eps	271.63	249.45	8.89

Overall Score of Annual Income Statement

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 2,841,077 million in 2023 from 2,657,832 million in 2022 representing a change of 6.89%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 1,615,103 million in 2023 from 1,566,843 million in 2022 representing a change of 3.08%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Income: Operating income increased to 672,410 million in 2023 from 653,575 million in 2022 representing a change of 2.88%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 482,289 million in 2023 from 442,716 million in 2022 representing a change of 8.94%. 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 271.63 in 2023 from 271.63 in 2022 representing a change of 8.89%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Research and Development (R&D) Expenses: R&D Expenses decreased to 0 million in 2023 from 70,808 million in 2022 representing a change of -100.0%. This shows that the company decreased investment in innovation and product development, which is not a good sign for long-term growth.

  Operating Expenses: Operating Expenses increased to 942,693 million in 2023 from 921,276 million in 2022 representing a change of 2.32%. 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.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 824,778 million in 2023 from 836,313 million in 2022 representing a change of -1.38%. The decrease in EBITDA indicates declined operational efficiency and profitability.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	829560000000	740333000000	12.05
gross profit	467383000000	420232000000	11.22
gross profit ratio	0.56	0.57	-0.74
research and development expenses	0	17274000000	-100.00
operating expenses	250538000000	206486000000	21.33
interest income	16608000000	14877000000	11.64
interest expense	35645000000	29429000000	21.12
ebitda	277608000000	257711000000	7.72
ebitdaratio	0.33	0.37	-9.80
operating income	216844000000	215818000000	0.48
operating income ratio	0.26	0.29	-10.33
net income	147907000000	157265000000	-5.95
net income ratio	0.18	0.21	-16.07
eps	83.29	88.58	-5.97

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 829,560 million in 2024Q2 from 740,333 million in 2024Q1 representing a change of 12.05%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 467,383 million in 2024Q2 from 420,232 million in 2024Q1 representing a change of 11.22%. 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 277,608 million in 2024Q2 from 257,711 million in 2024Q1 representing a change of 7.72%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 216,844 million in 2024Q2 from 215,818 million in 2024Q1 representing a change of 0.48%. The increase in operating income indicates better operational performance and increased profitability.

• 📉 Negative Indicators

  Research and Development (R&D) Expenses: R&D Expenses decreased to 0 million in 2024Q2 from 17,274 million in 2024Q1 representing a change of -100.0%. This shows that the company decreased investment in innovation and product development, which is not a good sign for long-term growth.

  Operating Expenses: Operating Expenses increased to 250,538 million in 2024Q2 from 206,486 million in 2024Q1 representing a change of 21.33%. 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.

  Net Income: Net income decreased to 147,907 million in 2024Q2 from 157,265 million in 2024Q1 representing a change of -5.95%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 83.29 in 2024Q2 from 83.29 in 2024Q1 representing a change of -5.97%. This indicates that the company's earnings are decreasing and it is becoming less 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 %
0000000000
total assets	7282097000000	6548078000000	11.21
total liabilities	3369605000000	2931317000000	14.95
total equity	3912492000000	3616761000000	8.18
cash and cash equivalents	1040206000000	866885000000	19.99
short term investments	58633000000	37677000000	55.62
long term investments	288236000000	159632000000	80.56
total current assets	3259561000000	2723591000000	19.68
total non current assets	4022536000000	3824487000000	5.18
total current liabilities	1927276000000	1562664000000	23.33
total non current liabilities	1442329000000	1368653000000	5.38
common stock	100000000000	100000000000	0.00
retained earnings	3192323000000	3089909000000	3.31
total debt	1142259000000	958311000000	19.20

Overall Score of Annual Balance Sheet

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 7,282,097 million in 2023 from 6,548,078 million in 2022 representing a change of 11.21%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 3,912,492 million in 2023 from 3,616,761 million in 2022 representing a change of 8.18%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1,040,206 million in 2023 from 866,885 million in 2022 representing a change of 19.99%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 58,633 million in 2023 from 37,677 million in 2022 representing a change of 55.62%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 3,259,561 million in 2023 from 2,723,591 million in 2022 representing a change of 19.68%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 3,192,323 million in 2023 from 3,089,909 million in 2022 representing a change of 3.31%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 3,369,605 million in 2023 from 2,931,317 million in 2022 representing a change of 14.95%. This indicates an increase in overall liabilities.

  Total Current Liabilities: Total Current Liabilities increased to 1,927,276 million in 2023 from 1,562,664 million in 2022 representing a change of 23.33%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 1,142,259 million in 2023 from 958,311 million in 2022 representing a change of 19.2%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	7868668000000	7159003000000	9.91
total liabilities	3343376000000	3086533000000	8.32
total equity	4525292000000	4072470000000	11.12
cash and cash equivalents	1087840000000	766948000000	41.84
short term investments	24484000000	50459000000	-51.48
long term investments	300315000000	169788000000	76.88
total current assets	3461403000000	2984811000000	15.97
total non current assets	4407265000000	4174191000000	5.58
total current liabilities	1734252000000	1629808000000	6.41
total non current liabilities	1609124000000	1456725000000	10.46
common stock	100000000000	100000000000	0.00
retained earnings	3337467000000	3172063000000	5.21
total debt	1152476000000	1019589000000	13.03

Overall Score of Quarterly Balance Sheet

0.56 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 7,868,668 million in 2024Q2 from 7,159,003 million in 2024Q1 representing a change of 9.91%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 4,525,292 million in 2024Q2 from 4,072,470 million in 2024Q1 representing a change of 11.12%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1,087,840 million in 2024Q2 from 766,948 million in 2024Q1 representing a change of 41.84%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 3,461,403 million in 2024Q2 from 2,984,811 million in 2024Q1 representing a change of 15.97%. This indicates a better liquidity position.

  Retained Earnings: Retained Earnings increased to 3,337,467 million in 2024Q2 from 3,172,063 million in 2024Q1 representing a change of 5.21%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 3,343,376 million in 2024Q2 from 3,086,533 million in 2024Q1 representing a change of 8.32%. This indicates an increase in overall liabilities.

  Short Term Investments: Short Term Investments decreased to 24,484 million in 2024Q2 from 50,459 million in 2024Q1 representing a change of -51.48%. This indicates a decrease in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities increased to 1,734,252 million in 2024Q2 from 1,629,808 million in 2024Q1 representing a change of 6.41%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 1,152,476 million in 2024Q2 from 1,019,589 million in 2024Q1 representing a change of 13.03%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	173321000000	145154000000	19.40
operating cash flow	567014000000	483799000000	17.20
free cash flow	445800000000	384391000000	15.98
capital expenditure	-121214000000	-99408000000	-21.94
depreciation and amortization	179652000000	199651000000	-10.02
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	40998000000	-38251000000	207.18
inventory	-136232000000	-93910000000	-45.07
acquisitions net	0	3026000000	-100.00
investments in property plant and equipment	-94861000000	-99408000000	4.57
net cash used for investing activites	-126129000000	-101822000000	-23.87
debt repayment	-20418000000	-29762000000	31.40
common stock issued	0	0	NaN
common stock repurchased	-1000000	-1000000	0.00
dividends paid	-367331000000	-266175000000	-38.00
net cash used provided by financing activities	-270500000000	-306176000000	11.65
cash at end of period	1040206000000	866885000000	19.99
accounts receivables	-30169000000	26574000000	-213.53
cash at beginning of period	866885000000	721731000000	20.11

Overall Score of Annual Cashflow Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 173,321 million in 2023 from 145,154 million in 2022 representing a change of 19.4%. 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 567,014 million in 2023 from 483,799 million in 2022 representing a change of 17.2%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 445,800 million in 2023 from 384,391 million in 2022 representing a change of 15.98%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -121,214 million in 2023 from -99,408 million in 2022 representing a change of -21.94%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Accounts Receivables: Accounts Receivables decreased to -30,169 million in 2023 from 26,574 million in 2022 representing a change of -213.53%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Accounts Payables: The absolute value of Accounts Payables increased to 40,998 million in 2023 from 38,251 million in 2022 representing a change of 207.18%. This indicates that the company has increased its outstanding obligations to its suppliers.

  Dividends Paid: Dividends Paid decreased to -367,331 million in 2023 from -266,175 million in 2022 representing a change of -38.0%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	198373000000	61833000000	220.82
free cash flow	164357000000	32980000000	398.35
capital expenditure	-34016000000	-28853000000	-17.89
depreciation and amortization	44156000000	43965000000	0.43
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	-50721000000	-19610000000	-158.65
accounts payables	-24395000000	-80986000000	69.88
inventory	-29377000000	-10873000000	-170.18
acquisitions net	0	-7000000	100.00
investments in property plant and equipment	-29884000000	-28853000000	-3.57
net cash used for investing activites	-1026000000	-27674000000	96.29
debt repayment	86070000000	-161123000000	153.42
common stock issued	0	0	NaN
common stock repurchased	0	-1000000	100.00
dividends paid	-4748000000	-172715000000	97.25
net cash used provided by financing activities	73756000000	-341248000000	121.61
net change in cash	320892000000	-273258000000	217.43
cash at end of period	1087840000000	766948000000	41.84
cash at beginning of period	766948000000	1040206000000	-26.27

Overall Score of Quarterly Cashflow Statement

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 320,892 million in 2024Q2 from -273,258 million in 2024Q1 representing a change of 217.43%. 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 198,373 million in 2024Q2 from 61,833 million in 2024Q1 representing a change of 220.82%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 164,357 million in 2024Q2 from 32,980 million in 2024Q1 representing a change of 398.35%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -34,016 million in 2024Q2 from -28,853 million in 2024Q1 representing a change of -17.89%. 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 24,395 million in 2024Q2 from 80,986 million in 2024Q1 representing a change of 69.88%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -50,721 million in 2024Q2 from -19,610 million in 2024Q1 representing a change of -158.65%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to -4,748 million in 2024Q2 from -172,715 million in 2024Q1 representing a change of 97.25%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning 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
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
Q3 2022 Earnings call transcript
Q2 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	1600.48	1497.58	6.87
net income per share	271.69	249.45	8.91
operating cash flow per share	319.42	272.6	17.17
free cash flow per share	251.13	216.59	15.95
cash per share	585.98	509.68	14.97
book value per share	2204.04	2037.9	8.15
tangible book value per share	613.51	520.78	17.81
shareholders equity per share	2157.66	1994.89	8.16
interest debt per share	697.12	591.4	17.88
market cap	6470391328830	4722607089000	37.01
enterprise value	6572444328830	4814033089000	36.53
pe ratio	13.42	10.67	25.77
price to sales ratio	2.28	1.78	28.17
pocfratio	11.41	9.76	16.90
pfcf ratio	14.51	12.29	18.14
pb ratio	1.69	1.33	26.65
ptb ratio	1.69	1.33	26.65
ev to sales	2.31	1.81	27.72
enterprise value over ebitda	7.97	5.81	37.25
ev to operating cash flow	11.59	9.95	16.49
ev to free cash flow	14.74	12.52	17.72
earnings yield	0.07	0.09	-20.49
free cash flow yield	0.07	0.08	-15.35
debt to equity	0.3	0.27	10.18
debt to assets	0.16	0.15	7.18
net debt to ebitda	0.12	0.11	12.22
current ratio	1.69	1.74	-2.96
interest coverage	7.06	7.16	-1.39
income quality	0.91	0.82	11.89
dividend yield	0.06	0.06	0.73
payout ratio	0.76	0.6	26.68
sales general and administrative to revenue	0.19	0.35	-46.19
research and ddevelopement to revenue	0.03	0.03	-0.78
intangibles to total assets	0.39	0.41	-5.71
capex to operating cash flow	0.21	0.21	4.04
capex to revenue	0.04	0.04	14.07
capex to depreciation	0.67	0.5	35.51
stock based compensation to revenue	0	0	NaN
graham number	3631.79	3346.15	8.54
roic	0.09	0.1	-1.62
return on tangible assets	0.11	0.11	-5.80
graham net net	-851.55	-736.13	-15.68
working capital	1332285000000	1160927000000	14.76
tangible asset value	1089070000000	924256000000	17.83
net current asset value	-110044000000	-207726000000	47.02
invested capital	4977206000000	4629389000000	7.51
average receivables	517220500000	487377000000	6.12
average payables	566445500000	547933000000	3.38
average inventory	762258500000	627544000000	21.47
days sales outstanding	68.77	68.55	0.33
days payables outstanding	176.49	180.69	-2.32
days of inventory on hand	247.89	231.48	7.09
receivables turnover	5.31	5.32	-0.33
payables turnover	2.07	2.02	2.38
inventory turnover	1.47	1.58	-6.62
roe	0.13	0.13	0.70
capex per share	68.28	56.01	21.91

• ROE:

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 13.42 on 2023-12-31 from 10.67 on 2022-12-31, representing a change of 25.77%. Indicating an increase in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.69 on 2023-12-31 from 1.74 on 2022-12-31, representing a change of -2.96%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.30 on 2023-12-31 from 0.27 on 2022-12-31, representing a change of 10.18%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, 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 %
JAPAY
calendar year	2024	2024	NaN
revenue per share	463.73	467.22	-0.75
net income per share	77.29	83.3	-7.21
operating cash flow per share	74.23	111.73	-33.56
free cash flow per share	57.43	92.57	-37.96
cash per share	447.65	626.48	-28.54
book value per share	2237.04	2548.71	-12.23
tangible book value per share	684.67	792.21	-13.57
shareholders equity per share	2191.65	2501.36	-12.38
interest debt per share	631.04	669.17	-5.70
market cap	7420189398090	7838920800000	-5.34
enterprise value	7703547398090	7903556800000	-2.53
pe ratio	13.52	13.25	2.01
price to sales ratio	9.01	9.45	-4.63
pocfratio	56.3	39.52	42.46
pfcf ratio	72.76	47.69	52.56
pb ratio	1.91	1.77	8.03
ptb ratio	1.91	1.77	8.03
ev to sales	9.36	9.53	-1.80
enterprise value over ebitda	29.01	30.51	-4.92
ev to operating cash flow	58.44	39.84	46.69
ev to free cash flow	75.54	48.09	57.09
earnings yield	0.02	0.02	-1.97
free cash flow yield	0.01	0.02	-34.45
debt to equity	0.28	0.26	6.77
debt to assets	0.16	0.15	5.98
net debt to ebitda	1.07	0.25	327.64
current ratio	1.89	2.0	-5.15
interest coverage	4.61	5.8	-20.46
income quality	0.96	1.34	-28.39
dividend yield	0.02	0.0	3717.97
payout ratio	1.25	0.03	3794.87
sales general and administrative to revenue	0	0.32	-100.00
research and ddevelopement to revenue	0	0.02	-100.00
intangibles to total assets	0.4	0.4	0.12
capex to operating cash flow	0.23	0.17	31.99
capex to revenue	0.04	0.04	-11.64
capex to depreciation	0.71	0.77	-8.08
stock based compensation to revenue	0	0	NaN
graham number	1952.31	2165.26	-9.83
roic	0.03	0.03	5.83
return on tangible assets	0.03	0.03	5.20
graham net net	-742.63	-713.5	-4.08
working capital	1408560000000	1727151000000	-18.45
tangible asset value	1215701000000	1406586000000	-13.57
net current asset value	11625000000	118026000000	-90.15
invested capital	4995653000000	5736010000000	-12.91
average receivables	612143000000	614589500000	-0.40
average payables	503356000000	523996000000	-3.94
average inventory	906525000000	908520000000	-0.22
days sales outstanding	61.91	71.38	-13.27
days payables outstanding	121.15	121.83	-0.55
days of inventory on hand	219.08	218.59	0.23
receivables turnover	1.45	1.26	15.30
payables turnover	0.74	0.74	0.56
inventory turnover	0.41	0.41	-0.23
roe	0.04	0.03	5.90
capex per share	16.8	19.16	-12.30

• 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 5.90%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 13.52 on 2024-09-30 Q3 from 13.25 on 2024-06-30 Q2, representing a change of 2.01%. Indicating an increase in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.89 on 2024-09-30 Q3 from 2.00 on 2024-06-30 Q2, representing a change of -5.15%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.28 on 2024-09-30 Q3 from 0.26 on 2024-06-30 Q2, representing a change of 6.77%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, 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) ⓘ

None