$Crocs (CROX.US)$🎯 2023.8.18 The current price is 93, holdi...

New data: 2023Q1 and Q2

Revenue, operating profit, and net profit continued to grow rapidly. In the first half of the year, revenue increased by 20.4%, operating profit increased by 51%, and net profit increased by 55.3%.

The balance ratio fell from 81.8% to 74.2%, goodwill and other intangible assets of 2,507 billion yuan, 2.1 times the net assets of 1.19 billion yuan, and long-term loans of 2,007 billion yuan. This is nearly 4 times the net profit of last year and nearly 2 times the net assets.

The treasury stock was 1,707 million, but the shares were never cancelled; instead, the share capital increased year by year.

Under normal circumstances, net cash flow from operations is much higher than net investment. The 2022 acquisition caused the loss of all shareholders' surplus accumulated over the past five years, while increasing debt by 1.5 billion dollars.

Currently, the price-earnings ratio is 10.7, and the price-earnings ratio TTM has dropped to 8.7. The acquisition results seem to be good, but for the time being, you can still choose carefully (⭐️)