$Universal Corp (UVV.US)$Over the past 5 years, there has be...

Revenue surged 28.8% in the first three quarters of 2023. Operating profit increased by only 15.8% due to a decline in gross margin, while profit before tax increased by only 8.4% due to a sharp increase in interest expenses. However, due to a sharp reduction in net profit for minority shareholders, net profit to mother increased 15.7%.

The 0.23 billion increase in inventory in 2022 is a very bad situation. Inventories reached 1.02 billion, accounting for half of the revenue for the full year of 2022.

Currently, the price-earnings ratio is 15.5, and the price-earnings ratio has dropped to 13.9, but it is currently impossible to determine whether the three-quarter growth will be sustainable; we can look at the earnings report for a few more quarters.