$Jakks Pacific (JAKK.US)$Revenue has grown rapidly in the pa...
$Jakks Pacific(JAKK.US$Revenue has grown rapidly in the past two years. Operating profit has increased for 5 consecutive years. In 2020, it reversed losses and reached 61 million yuan in 2022. Net profit was affected by interest expenses and non-operating losses. Only in 2022 did it reverse the loss to 50 million in pre-tax profit. Coupled with 41 million income tax rebates, net profit in 2022 reached 0.91 billion.
The income statement shows that in 2020, the company's sales management expenses were drastically reduced, so operating profit was reversed. Since then, sales management expenses have also increased relatively slowly, so operating profit has maintained rapid growth.
Interest expenses fell to $11 million in 2022, accounting for 18% of operating profit. Although the interest burden has declined a lot, it is still high.
The balance ratio has grown from 84.9% to 98.9% in the past 5 years, then it has declined to 63.8% so far.
In the past five years, with the exception of 2021, accounts receivable have basically been around 110 million, with no significant change. Inventory fell to 39 million in 2020, surged to 84 million in 2021, and fell slightly to 81 million in 2022, accounting for a small percentage of revenue.
Long-term loans of $42 million account for 29% of net assets of $147 million, and the leverage ratio is not very high.
Over the past five years, net cash flow operating amount has been higher than net investment, and there is a certain amount of shareholder surplus.
Currently, the price-earnings ratio is 2.5, and the price-earnings ratio is 4.4 after tax rebates. If there are other net losses of 0.3 billion in 2022 and 2021, then net profit falls to 0.2 billion, and the price-earnings ratio is 11.
Overall, the business has improved a lot, but it has only been profitable for one year, so you can choose carefully (⭐️)
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