$Turning Point Brands (TPB.US)$Over the past 5 years, revenu...
$Turning Point Brands (TPB.US)$Over the past 5 years, revenue continued to grow in the first 4 years. In 2022, the 5-year average growth rate was 7.7%. Operating profit grew in fluctuation due to changes in revenue and gross margin. The 5-year average growth rate was 9.3%. Net profit was affected by capital asset impairment. In 2022, it fell sharply, far below the level of 5 years ago. 2023Q1 revenue increased 0.1%, operating profit decreased 7.2%, and net profit decreased 32%.
Inventory increased by 0.032 billion to 0.12 billion in 2022, and the increase far exceeded 0.011 billion in net profit, accounting for 29% of 2022 revenue, which is also slightly higher.
The current price-earnings ratio of 34.2 times has reached 7.8 even when calculated based on the high profit point of 0.051 billion in 2021, which is not very attractive.
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