$Amcon Distributing Co (DIT.US)$Revenue continued to grow to...
$Amcon Distributing Co(DIT.US$Revenue continued to grow to 2 billion dollars for 5 years, and operating profit also grew continuously to reach 023 million for 5 years. Net profit increased to 017 million in 4 years in addition to the 11.4% decline in 2019. The average growth rate was 41%, but the growth rate fell to 7% in 2022, and growth slowed significantly.
The balance ratio has risen from 54% to 68% over the past five years.
The balance sheet shows that accounts receivable grew very fast in 2022, from 35.84 million to 63.18 million, an increase of 0.27 million dollars, far exceeding net profit. At the same time, inventories increased by 0.4 billion yuan, which also far exceeded total net profit. At the same time, the company's accounts payable increased by only $0.17 million, which is not enough to offset accounts receivable.
At present, the company's long-term liabilities have increased to 99 million yuan, slightly exceeding net assets.
Currently, the price-earnings ratio is 6.1, and the company's market capitalization is only 100 million, which is not very attractive.
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