$Ingles Markets (IMKTA.US)$Revenue has continued to grow ove...
$Ingles Markets (IMKTA.US)$Revenue has continued to grow over the past 5 years, with an average growth rate of 7.2%, and operating profit continued to grow for 4 years except for a slight contraction of 1.9% in the first year. The average growth rate was 24.4%, and the growth rate fell to 10.4% in 2022. Net profit increased for 4 years other than the 16.2% contraction due to income tax in 2019. The 5-year average growth rate was 38.3%, and the growth rate fell to 9.2% in 2022.
Interest expenses fell to $21.5 million in 2022, accounting for 5.7% of operating profit, and the interest burden fell to a very low level.
Revenue for the first two quarters of 2023 increased 3.8%. Due to rising costs, operating profit fell 17.5% and net profit fell 18.5%.
Over the past five years, the balance ratio fell from 67.4% to 45.1%, and fell further to 41.9% in 2023Q2. Both accounts receivable and inventory were kept at very low levels.
Long-term loans fell to $539 million, accounting for 40% of net assets of $1.36 billion, and the leverage ratio was not high.
Over the past five years, the net operating amount of cash flow has continued to be higher than the net investment amount. The percentage of increase has continued to increase, and shareholder surpluses have grown rapidly.
Currently, the price-earnings ratio is 5.8, and the price-earnings ratio is TTM 6.4. Despite a quarterly decline in profit, the overall situation looks very steady, so you can choose (⭐️⭐️)
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