$PACCAR Inc (PCAR.US)$🎯 On April 3, 2024, the current price...

New data: 23Q3, 23Q4, revenue, operating profit, and net income continue to maintain high growth.

In 2023, revenue increased by 21.9%, operating profit increased significantly by 61.7% due to the increase in gross margin and the decrease in expense ratio, and net income increased by 52.8% due to interest expenses.

The debt ratio increased from 60.4% to 61.1%, with significant increases in total assets and net assets. On the asset side, current assets have increased across the board, while on the liability side, interest-bearing loans have increased from 2.8 billion to 14.2 billion, which should be a characteristic of industries with high operating capital.

The operating net cash flow is higher than the net investment cash flow, continuously generating shareholder surplus.

Currently, the PE ratio is 13.9. Considering that the growth has not yet shown signs of slowing down, it is still advisable to choose carefully (⭐️).