$Jakks Pacific (JAKK.US)$ 🎯 2024.3.26 Current price 22.58, ...

New data: 23Q2, Q3, Q4. Revenue began to decline continuously in 22Q4, and the downward trend showed signs of ending. The last two quarters contracted less than 5%. Operating profit reversed losses in Q2 and Q3, but Q4 turned into losses due to shrinking revenue, and net profit was similar.

Revenue shrank by 10.6% in 2023, operating profit shrank by 3.5% due to increased gross margin, and net profit before tax shrank by 10.4%. Affected by income tax fluctuations, net profit after tax shrank 58% to $38 million.

The balance ratio fell from 63.8% to 52.3%, accounts receivable increased from 105 million to 126 million, and inventory fell from 81 million to 53 million. This is a good change. Once the debt-side interest-bearing loans are settled, interest expenses will be drastically reduced.

Net cash flow from operations is much higher than net investment, and the shareholder surplus ratio is very high.

Currently, the price-earnings ratio is 6.5. Considering that the recent contraction has been significantly affected by income tax delays, and the debt situation has improved dramatically, you can choose carefully (⭐️)