$TSAKER NE (01986.HK)$ Gross margin remained above 30%, and ...

Gross margin remained above 30%, and quickly recovered to around 30% after surging to 57% in 2019. The return on net assets fluctuated greatly, reaching 33% in 2019 and 12.9% in 2021.

Over the past 5 years, in addition to the 30% decline in 2020, revenue continued to grow for 4 years. After compounding fluctuations in gross margin, operating profit fell sharply by 77% in 2020, and returned to levels close to 2018 in 2021, reaching 306 million. The net profit curve is consistent with the gross margin curve, and earnings per share for the past three years have been consistent with the net profit curve.

Over the past five years, the balance ratio has declined from 49.4% to 26.4%, mainly debt-side accounts payable falling by 150 million dollars and long-term bank loans falling by 250 million dollars. In 2021, interest expenses were 28.276 million, bank loans were 302 million, and long-term bank loans were 13.622 million. Interest reached 8.8%.

Currently, the price-earnings ratio is 5.4, and the net price-earnings ratio is 0.65. You can choose (⭐️⭐️)