$Rush Enterprises-A (RUSHA.US)$ 🎯 As of 8th August 2023, th...

New data: the last two quarters and the whole year after 2022, the first two quarters of 2023.

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

In the first two quarters of 2023, revenue increased by 16.7%, operating profit increased by 11.5%, but net income declined by 6.8% due to a significant increase in interest expenses.

In 2022, the debt-to-asset ratio increased from 53% to 53.9%, inventory increased from 1.02 billion to 1.429 billion, while net income for the same period was only 0.39 billion.

In the first two quarters of 2023, the debt-to-asset ratio continued to rise to 54.3%, inventory increased by another 0.21 billion, exceeding net income for the same period. Long-term borrowings amounted to 0.245 billion, short-term borrowings were 1.125 billion, net assets were 1.887 billion, and the leverage ratio is acceptable.

In recent years, the share capital has been increasing, with no stock cancellations, and continuous issuance of new shares.

Currently, the PE ratio is 9.3, the trailing PE ratio has slightly increased to 9.6. The valuation seems relatively reasonable, and there is no immediate need for adjustments.