$Hawkins Inc (HWKN.US)$In the past 5 years, revenue only dec...
$Hawkins Inc(HWKN.US$In the past 5 years, revenue only declined by 2.9% in 2020, and increased in the remaining 4 years. Among them, operating profit fell 29.8% in 2018, and the 5-year average growth rate was 15%, of which it grew 27.4% in 2022. Net profit continued to grow after reversing losses in 2019. The average growth rate for the past 3 years was 28%, with an average growth rate of 28% in 2022.
In the first three quarters of 2023, revenue increased 28.2%, operating profit increased 24.4%, and net profit 18.2%.
Interest expenses for the first three quarters of 2023 accounted for 5.5% of operating profit and 2022 accounted for 2%. The interest burden increased, but it was still not high.
The balance ratio fell from 48.3% to 40% over the past 5 years, then increased to 46.7%, and fell to 42.6% in 2023Q3.
The balance sheet shows that accounts receivable in 2022 increased from 901 million to 123 million, and inventory increased from 64 million to 95 million, an increase of 31 million. Although still within a reasonable range in terms of revenue, it exceeded net profit of 52 million for the same period.
In the first three quarters of 2022, accounts receivable increased slightly from $123 million to $125 million, inventory slightly increased from 95 million to 102 million, and cash flow improved again.
Long-term loans of $121 million, accounting for 35% of net assets of $341 million, and the leverage ratio is not high.
In the past two years, net operating cash flow was lower than net investment. In the first three quarters of 2023, it once again surpassed net investment, and shareholder surpluses began to be generated.
Currently, the price-earnings ratio is 17, and the price-earnings ratio is 14.7. Compared with the growth rate, it is quite attractive, so you can choose carefully (⭐️)
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