$Rush Enterprises-A (RUSHA.US)$ 🎯 2023.8.8 The current pric...

New data: the second two quarters of 2022 and the whole year, the first two quarters of 2023

In 2022, revenue increased by 38.5%, operating profit increased by 63.7%, and net profit increased by 62.4%.

In the first two quarters of 2023, revenue increased by 16.7%, operating profit increased by 11.5%, and net profit declined by 6.8% due to the sharp increase in interest charges.

In 2022, the balance ratio increased from 53% to 53.9%, inventory increased from 1.02 billion to 1,429 million, and net profit for the same period was only 390 million yuan.

It continued to rise to 54.3% in the first two quarters of 2023, and inventories increased by another 210 million yuan, exceeding net profit for the same period. Long-term loans of $245 million, short-term loans of $1,125 million, net assets of $1,887 million. The leverage ratio is OK.

The share capital has been increasing in recent years; instead of canceling the shares, they have been increasing.

Currently, the price-earnings ratio is 9.3, and the price-earnings ratio TTM has increased slightly to 9.6. The valuation seems quite reasonable, and there is no need to adjust for the time being.