Paranovus Entertainment Technology Ltd. - PAVS

PAVS 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 %
PAVS	-1.5	-2.1	28.7	-9.8	0.1	-59.1	-94.8	-99.1	-99.0	-99.0
S&P 500	-1.3	-1.8	1.0	5.9	10.6	30.4	25.4	88.1	187.6	33142.5

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	PAVS
name	Paranovus Entertainment Technology Ltd.
price	0.92
changes percentage	-1.47
change	-0.01
day low	0.88
day high	0.98
year high	2.97
year low	0.32
market cap	61386724
price avg 50	0.82
price avg 200	1.19
exchange	NASDAQ
volume	20921
avg volume	156278
open	0.89
previous close	0.93
eps	0.75
pe	1.23
earnings announcement	2024-11-27T12:00:00.000+0000
shares outstanding	66724700
timestamp	2024-11-15 21:00:00

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: 43.3%

Overall Quarterly Financial Health: 30.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001751876
revenue	6544819	98152825	-93.33
gross profit	9141	5054362	-99.82
gross profit ratio	0.0	0.05	-97.29
research and development expenses	0	1397118	-100.00
operating expenses	2822945	65576535	-95.70
interest income	345	31886	-98.92
interest expense	39167	72303	-45.83
ebitda	-3369883	-4468296	24.58
ebitdaratio	-0.51	-0.58	11.96
operating income	-4621654	-68394869	93.24
operating income ratio	-0.71	-0.7	-1.34
net income	-10126191	-71738874	85.88
net income ratio	-1.55	-0.73	-111.69
eps	-2.14	-12.63	83.06

Overall Score of Annual Income Statement

0.25 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 7 million in 2023 from 98 million in 2022 representing a change of -93.33%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 0 million in 2023 from 5 million in 2022 representing a change of -99.82%. This indicates a sales profitability decline, which is a negative sign for the company.

  Research and Development (R&D) Expenses: R&D Expenses decreased to 0 million in 2023 from 1 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.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -3 million in 2023 from -4 million in 2022 representing a change of 24.58%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -5 million in 2023 from -68 million in 2022 representing a change of 93.24%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -10 million in 2023 from -72 million in 2022 representing a change of 85.88%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 3 million in 2023 from 66 million in 2022 representing a change of -95.7%. 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.

  Earnings per Share (EPS): EPS increased to -2.14 in 2023 from -2.14 in 2022 representing a change of 83.06%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0001751876
revenue	125427	125427	0.00
gross profit	1945	1945	0.00
gross profit ratio	0.02	0.02	0.00
research and development expenses	0	0	NaN
operating expenses	8687752	6750766	28.69
interest income	-875.0	20021	-104.37
interest expense	39167	0	NaN
ebitda	-21404425	4132118	-618.00
ebitdaratio	-170.65	32.94	-618.00
operating income	-8685807	3954897	-319.62
operating income ratio	-69.25	31.53	-319.62
net income	-9160981	-6868275	-33.38
net income ratio	-73.04	-54.76	-33.38
eps	-0.7	-1.45	51.72

Overall Score of Quarterly Income Statement

0.4 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 9 million in 2023Q4 from 7 million in 2023Q3 representing a change of 28.69%. 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 -21 million in 2023Q4 from 4 million in 2023Q3 representing a change of -618.0%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -9 million in 2023Q4 from 4 million in 2023Q3 representing a change of -319.62%. The decrease in operating income indicates worse operational performance and decreased profitability.

• 📈 Positive Indicators

  Net Income: Net income increased to -9 million in 2023Q4 from -7 million in 2023Q3 representing a change of -33.38%. 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 -0.7 in 2023Q4 from -0.7 in 2023Q3 representing a change of 51.72%. 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 %
0001751876
total assets	7728826	36340209	-78.73
total liabilities	2560381	22467138	-88.60
total equity	5168445	13873071	-62.74
cash and cash equivalents	944242	3355487	-71.86
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	2851711	9785971	-70.86
total non current assets	4877115	26554238	-81.63
total current liabilities	2560381	20953078	-87.78
total non current liabilities	0	1514060	-100.00
common stock	73300	83300	-12.00
retained earnings	-61957019	-59453593	-4.21
total debt	2289167	2241076	2.15

Overall Score of Annual Balance Sheet

0.22 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 8 million in 2023 from 36 million in 2022 representing a change of -78.73%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 5 million in 2023 from 14 million in 2022 representing a change of -62.74%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 1 million in 2023 from 3 million in 2022 representing a change of -71.86%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 3 million in 2023 from 10 million in 2022 representing a change of -70.86%. This indicates a worsen liquidity position.

  Common Stock: Common Stock decreased to 0 in 2023 from 0 in 2022 representing a change of -12.0%. This indicates a decrease in ownership interest.

  Retained Earnings: Retained Earnings decreased to -62 million in 2023 from -59 million in 2022 representing a change of -4.21%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 2 million in 2023 from 2 million in 2022 representing a change of 2.15%. This indicates an increase in overall debt burden.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 3 million in 2023 from 22 million in 2022 representing a change of -88.6%. This indicates a decrease in overall liabilities.

  Total Current Liabilities: Total Current Liabilities decreased to 3 million in 2023 from 21 million in 2022 representing a change of -87.78%. This indicates a lower short-term debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0001751876
total assets	7728826	7728826	0.00
total liabilities	2560381	2560381	0.00
total equity	5168445	5168445	0.00
cash and cash equivalents	944242	944242	0.00
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	2851711	2851711	0.00
total non current assets	4877115	4877115	0.00
total current liabilities	2560381	2560381	0.00
total non current liabilities	0	0	NaN
common stock	73300	73300	0.00
retained earnings	-61957019	-61957019	0.00
total debt	2289167	2289167	0.00

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 %
0001751876
net change in cash	-2411245	-16378144	85.28
operating cash flow	-11875246	-21090732	43.69
free cash flow	-11875246	-21136551	43.82
capital expenditure	0	-45819	100.00
depreciation and amortization	381126	3378952	-88.72
deferred income tax	0	3230566	-100.00
stock based compensation	0	0	NaN
accounts payables	0	1306275	-100.00
inventory	0	1054542	-100.00
acquisitions net	11698379	23777	49,100.40
investments in property plant and equipment	0	-45819	100.00
net cash used for investing activites	11698379	89322	12,996.86
debt repayment	0	145524	-100.00
common stock issued	0	3000000	-100.00
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	0	3145524	-100.00
cash at end of period	944242	3355487	-71.86
accounts receivables	-11360	24887013	-100.05
cash at beginning of period	2049362	19733631	-89.61

Overall Score of Annual Cashflow Statement

0.83 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to -2 million in 2023 from -16 million in 2022 representing a change of 85.28%. 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 -12 million in 2023 from -21 million in 2022 representing a change of 43.69%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -12 million in 2023 from -21 million in 2022 representing a change of 43.82%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 1 million in 2022 representing a change of -100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to 0 million in 2023 from 25 million in 2022 representing a change of -100.05%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2023 from 0 million in 2022 representing a change of 100.0%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0001751876
operating cash flow	-84809	-84809	0.00
free cash flow	-84811.0	-84809	-0.00
capital expenditure	0	0	NaN
depreciation and amortization	177221	177221	0.00
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	-1182288	-1182288	0.00
accounts payables	0	0	NaN
inventory	168926	168926	0.00
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	271521	271521	0.00
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	0	0	NaN
net change in cash	-92293	606916	-115.21
cash at end of period	944242	606916	55.58
cash at beginning of period	1036535	0	NaN

Overall Score of Quarterly Cashflow Statement

None

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

	2024-03-31	2023-03-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	1.38	17.29	-92.00
net income per share	-2.14	-12.63	83.07
operating cash flow per share	-2.51	-3.71	32.45
free cash flow per share	-2.51	-3.72	32.59
cash per share	0.2	0.59	-66.24
book value per share	1.09	2.44	-55.30
tangible book value per share	0.06	-0.36	117.97
shareholders equity per share	1.18	2.6	-54.64
interest debt per share	0.49	0.01	3,763.48
market cap	8708215.84	29071774.72	-70.05
enterprise value	10053140.84	27957363.72	-64.04
pe ratio	-0.86	-0.41	-112.21
price to sales ratio	1.33	0.3	349.22
pocfratio	-0.73	-1.38	46.80
pfcf ratio	-0.73	-1.38	46.69
pb ratio	1.56	1.97	-20.78
ptb ratio	1.56	1.97	-20.78
ev to sales	1.54	0.28	439.28
enterprise value over ebitda	-2.98	-6.26	52.32
ev to operating cash flow	-0.85	-1.33	36.14
ev to free cash flow	-0.85	-1.32	36.00
earnings yield	-1.16	-2.47	52.88
free cash flow yield	-1.36	-0.73	-87.56
debt to equity	0.41	0	NaN
debt to assets	0.3	0	NaN
net debt to ebitda	-0.4	0.25	-260.02
current ratio	1.11	0.47	138.48
interest coverage	-118.0	-945.95	87.53
income quality	1.2	0.29	309.43
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.43	0.1	340.61
research and ddevelopement to revenue	0	0.01	-100.00
intangibles to total assets	0.63	0.44	43.83
capex to operating cash flow	0	-0.0	100.00
capex to revenue	0	0.0	-100.00
capex to depreciation	0	0.01	-100.00
stock based compensation to revenue	0	0	NaN
graham number	7.53	27.18	-72.28
roic	-0.59	-4.87	87.93
return on tangible assets	-3.54	-3.51	-0.72
graham net net	-0.3	-3.34	91.12
working capital	291330	-11167107	102.61
tangible asset value	303926	-2028965	114.98
net current asset value	291330	-12681167	102.30
invested capital	5168445	13205201	-60.86
average receivables	142877.5	14616632.5	-99.02
average payables	0	6077866.5	-100.00
average inventory	167509.5	862290	-80.57
days sales outstanding	15.94	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	1.31	-100.00
receivables turnover	22.9	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	277.89	-100.00
roe	-1.81	-4.86	62.67
capex per share	0	0.01	-100.00

• Negative

  ROE: Return on Equity (ROE) increased to -1.81 on 2024-03-31 from -4.86 on 2023-03-31, representing a change of 62.67%. 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 -0.86 on 2024-03-31 from -0.41 on 2023-03-31, representing a change of -112.21%. Indicating a decrease in the relative valuation of the company's stock.

• Positive

  Current Ratio: Current Ratio increased to 1.11 on 2024-03-31 from 0.47 on 2023-03-31, representing a change of 138.48%. 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.

• Quarterly Financial Ratios

	2024-03-31 Q4	2023-12-31 Q3	Q/Q change %
PAVS
calendar year	2023	2023	NaN
revenue per share	0.01	0.03	-51.64
net income per share	-0.94	-1.45	35.49
operating cash flow per share	-0.01	-0.02	51.64
free cash flow per share	-0.01	-0.02	51.64
cash per share	0.1	0.2	-51.64
book value per share	0.53	1.09	-51.64
tangible book value per share	0.03	0.06	-51.64
shareholders equity per share	0.57	1.18	-51.64
interest debt per share	0.24	0.48	-50.81
market cap	18006398.24	11595178.7	55.29
enterprise value	19351323.24	12940103.7	49.55
pe ratio	-0.49	-0.42	-16.43
price to sales ratio	143.56	92.45	55.29
pocfratio	-212.32	-136.72	-55.29
pfcf ratio	-212.31	-136.72	-55.29
pb ratio	3.23	2.08	55.29
ptb ratio	3.23	2.08	55.29
ev to sales	154.28	103.17	49.55
enterprise value over ebitda	-0.9	3.13	-128.87
ev to operating cash flow	-228.18	-152.58	-49.55
ev to free cash flow	-228.17	-152.58	-49.54
earnings yield	-0.51	-0.59	14.11
free cash flow yield	-0.0	-0.01	35.60
debt to equity	0.41	0.41	0.00
debt to assets	0.3	0.3	0.00
net debt to ebitda	-0.06	0.33	-119.30
current ratio	1.11	1.11	0.00
interest coverage	-221.76	0	NaN
income quality	0.01	0.01	0.00
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	5.19	5.19	0.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.63	0.63	0.00
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	3.47	6.21	-44.15
roic	-2.21	0.51	-532.88
return on tangible assets	-3.2	-2.4	-33.38
graham net net	-0.14	-0.34	57.83
working capital	291330	291330	0.00
tangible asset value	303926	303926	0.00
net current asset value	291330	291330	0.00
invested capital	5168445	5168445	0.00
average receivables	148557.5	13932.5	966.27
average payables	0	0	NaN
average inventory	0.5	163676	-100.00
days sales outstanding	205.04	8.15	2,415.45
days payables outstanding	0	0	NaN
days of inventory on hand	0	0.0	-100.00
receivables turnover	0.44	11.04	-96.02
payables turnover	0	0	NaN
inventory turnover	0	123482	-100.00
roe	-1.64	-1.23	-33.38
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to -1.64 on 2024-03-31 Q4 from -1.23 on 2023-12-31 Q3, representing a change of -33.38%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -0.49 on 2024-03-31 Q4 from -0.42 on 2023-12-31 Q3, representing a change of -16.43%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.11 on 2024-03-31 Q4 from 1.11 on 2023-12-31 Q3, representing a change of 0.00%. 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.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.41 on 2024-03-31 Q4 from 0.41 on 2023-12-31 Q3, representing a change of 0.00%. 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) ⓘ

None