$PACCAR Inc (PCAR.US)$🎯 2023.8.5 The current price is 84.7,...

New data: the second two quarters of 2022 and the whole year, the first two quarters of 2023

In 2022, revenue increased 22.5%, operating profit increased 59.4%, and net profit increased 61.4%. Interest income in 2022 was $110 million.

In the first two quarters of 2023, revenue increased 27.3%, operating profit increased 79.5%, and net profit increased 48%. The main reason is that interest expenses suddenly became 560 million. It is estimated to be related to recent changes in interest rates, because the company provided large loans to customers, and if it were fixed interest, it would have to bear the negative impact of the recent sharp rise in interest rates.

The balance ratio did not change much in 2022, falling slightly to 59.1% in 2023Q2. Long-term loans increased to $7.953 billion, accounting for 52.7% of the net assets of $15.079 billion, with a medium leverage ratio.

A small percentage of net operating cash flow is higher than net investment, and there is a certain shareholders' surplus.

Currently, the price-earnings ratio is 14.8, and the price-earnings ratio has dropped to 12.2. Since rapid growth is generally unsustainable, it is currently possible to increase positions with caution (⭐️)