$Revvity (RVTY.US)$Revenue fell 13.5% in 2022 after reaching...
$Revvity (RVTY.US)$Revenue fell 13.5% in 2022 after reaching a high point in 2021, with an average growth rate of 4.5% over the past 4 years. Operating profit fell sharply by 41% in 2022 after reaching a high of 1.26 billion in 2021, with an average growth rate of 22% over 4 years. Net profit fell sharply by 40% in 2022 after reaching a high of 943 million in 2021, with an average growth rate of 24% over 4 years.
In 2023Q1, revenue continued to drop sharply by 30%, operating profit fell 71%, and net profit increased sharply to 570 million due to the impact of 545 million yuan on cessation of operating profit.
The balance sheet shows that the company made a large number of acquisitions in 2021, so both revenue and profit increased dramatically in that year, but the results did not last until 2022.
Currently, the price-earnings ratio is 26.9, and although the price-earnings ratio TTM has dropped to 15.9, considering that net profit for the first quarter was mainly obtained by cessation of operations, it is possible to observe a few more quarters.
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