$Revolve Group (RVLV.US)$It was selected in the March 2022 i...

Launched in 2019, mainly in the fashion products business. 83% of the market is in the US, and the current price is 17.

Since listing, revenue has increased for 3 years except 2020, with an average growth rate of 21.9%. Operating profit was mainly affected by expenses, shrank sharply by 30.5% in 2022, an average growth rate of 15% in the past 4 years, and net profit shrank by 41.2% in 2022. There is no interest burden in 2022. The gross margin has not changed much in the past 4 years, at 53.8% in 2022, and the return on net assets shrank to 16.9% in 2022.

In the first three quarters of 2023, revenue contracted by 3.7%, operating profit, combined with falling gross margin and cost growth, shrank 68.1%, and net profit shrank by 51.5%.

Since 2019, the balance ratio has declined from 43.7% to 34.5%. The growth rate of the accounts receivable ratio is normal. Inventory has grown rapidly in the past two years, but it is quite reasonable compared to the revenue growth rate. There are no interest-bearing loans.

Currently, the cash is 267 million, the current ratio is 2.8, and the quick ratio is 1.45. There is plenty of cash.

Since listing, net operating cash flow has been significantly higher than net investment, generating a large percentage of shareholders' surpluses.

Currently, the price-earnings ratio is 21.5 and the price-earnings ratio is TTM 38.6. Considering the recent contraction in both revenue and profit, it is unattractive for the time being.