$Patrick Industries (PATK.US)$🎯 As of 2024.3.12, the curren...

Additional data: 23Q3, 23Q4, revenue, operating profit, and net income have all shrunk continuously for more than 5 quarters.

In 2023, revenue shrank by 29%, operating profit shrank by 47.6%, and net income shrank by 56.5%.

The asset-liability ratio has decreased from 65.7% to 59.2%. Goodwill and other intangible assets are 1.289 billion, exceeding the net assets of 1.045 billion. Long-term loans amount to 1.02 billion, indicating a high leverage ratio.

Cash flow from operations is still significantly higher than investment net cash flow, resulting in a large proportion of shareholder surplus.

Currently, the pe is 17, the 5-year average net income is 0.18 billion corresponding to a pe of 14. From a cyclical stock perspective, the valuation is already not low, so it may be profitable to exit.