$CSW Industrials (CSWI.US)$In the past 5 years, revenue has ...
$CSW Industrials (CSWI.US)$In the past 5 years, revenue has only declined slightly by 0.3% in 2018, and has continued to grow in the past 4 years. The 5-year average growth rate was 14%, the 2022 growth rate was 49.4%. Operating profit fell 11.3% in 2021 only, the 5-year average growth rate was 30%, and the 2022 growth rate was 64%. Net profit was affected by the cessation of operations losses. Once lost in 2018, the average growth rate was 14% in the past 3 years.
In the first three quarters of 2023, revenue increased 24%, operating profit increased 49%, and net profit increased 47% to reach $70 million.
The balance sheet shows that goodwill and intangible assets jumped from 140 million to 500 million in 2021, which should have been acquired.
Inventory increased by 50 million to 150 million in 2022, and accounts receivable increased by 26 million. Both increases have already exceeded net profit of 67 million in 2022.
Long-term loans have also reached a level in the past two years, from 0.1 billion to 250 million, and increased to 276 million in the first 3 quarters of 2023, indicating that the company's cash flow is much tighter than before.
Currently, the price-earnings ratio is 33.5, and the price-earnings ratio has dropped to 25. Considering that recent growth may be a short-term phenomenon caused by acquisitions, we can wait a few more quarters.
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