Cash flow Atlas Honda Limited

Equities

ATLH

PK0009201010

Auto & Truck Manufacturers

End-of-day quote Pakistan S.E. Other stock markets 2025-01-23			5-day change	1st Jan Change
795.24 ^PKR	+0.99%		+0.20%	-1.41%

Oct. 29	Atlas Honda Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2024	CI
Jul. 29	Atlas Honda Limited Reports Earnings Results for the Second Quarter Ended June 30, 2024	CI

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Published financial data: ATLAS HONDA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	84.78B	93.16B	132B	135B	159B
Total Revenues	84.78B	93.16B	132B	135B	159B
Cost of Goods Sold, Total	78.68B	86.3B	122B	126B	147B
Gross Profit	6.09B	6.86B	9.85B	9.64B	12.18B
Selling General & Admin Expenses, Total	2.61B	2.6B	3.42B	3.86B	4.68B
Other Operating Expenses	316M	343M	509M	508M	-530M
Other Operating Expenses, Total	2.93B	2.94B	3.93B	4.37B	4.15B
Operating Income	3.17B	3.92B	5.92B	5.27B	8.03B
Interest Expense, Total	-30.63M	-35.13M	-26.37M	-27.31M	-55.68M
Interest And Investment Income	1.25B	1.24B	1.28B	2.38B	2.31B
Net Interest Expenses	1.22B	1.2B	1.26B	2.35B	2.25B
Income (Loss) On Equity Invest.	4.44M	9.33M	16.9M	322K	12.48M
Currency Exchange Gains (Loss)	-128K	-8.85M	15.98M	-1.54B	335M
Other Non Operating Income (Expenses)	-26.09M	-27.78M	-33.28M	-48.72M	-46.42M
EBT, Excl. Unusual Items	4.37B	5.09B	7.17B	6.03B	10.58B
Gain (Loss) On Sale Of Investments	89.7M	122M	711M	2.11B	5.32B
Gain (Loss) On Sale Of Assets	-46.27M	-62.78M	-66.55M	-34.28M	-164M
EBT, Incl. Unusual Items	4.41B	5.15B	7.82B	8.1B	15.74B
Income Tax Expense	1.33B	1.56B	2.23B	3.1B	6.03B
Earnings From Continuing Operations	3.08B	3.59B	5.59B	5B	9.71B
Net Income to Company	3.08B	3.59B	5.59B	5B	9.71B
Net Income - (IS)	3.08B	3.59B	5.59B	5B	9.71B
Net Income to Common Incl Extra Items	3.08B	3.59B	5.59B	5B	9.71B
Net Income to Common Excl. Extra Items	3.08B	3.59B	5.59B	5B	9.71B
Per Share Items
Net EPS - Basic	24.81	28.97	45.01	40.33	78.24
Basic EPS - Continuing Operations	24.81	28.97	45.01	40.33	78.24
Basic Weighted Average Shares Outstanding	124M	124M	124M	124M	124M
Net EPS - Diluted	24.81	28.97	45.01	40.33	78.24
Diluted EPS - Continuing Operations	24.81	28.97	45.01	40.33	78.24
Diluted Weighted Average Shares Outstanding	124M	124M	124M	124M	124M
Normalized Basic EPS	22	25.65	36.14	30.35	53.3
Normalized Diluted EPS	22	25.65	36.14	30.35	53.3
Dividend Per Share	15	17.5	27	24	47
Payout Ratio	59.52	42.94	56.32	41.69	42.15
Supplemental Items
EBITDA	4.42B	5.13B	7.1B	6.6B	9.49B
EBITA	3.2B	3.96B	5.96B	5.3B	8.05B
EBIT	3.17B	3.92B	5.92B	5.27B	8.03B
EBITDAR	4.46B	5.23B	7.13B	6.6B	9.53B
Effective Tax Rate - (Ratio)	30.22	30.23	28.58	38.24	38.32
Current Domestic Taxes	1.42B	1.64B	2.22B	2.99B	5.79B
Total Current Taxes	1.42B	1.64B	2.22B	2.99B	5.79B
Deferred Domestic Taxes	-86.54M	-78.71M	14.46M	110M	243M
Total Deferred Taxes	-86.54M	-78.71M	14.46M	110M	243M
Normalized Net Income	2.73B	3.18B	4.48B	3.77B	6.61B
Interest on Long-Term Debt	28.97M	30.32M	25.51M	24.51M	51.82M
Non-Cash Pension Expense	9.78M	9.33M	8.4M	17.87M	27.94M
Supplemental Operating Expense Items
Advertising Expense	542M	408M	534M	653M	789M
Selling and Marketing Expenses	1.97B	1.93B	2.65B	3.02B	3.61B
General and Administrative Expenses	636M	665M	771M	847M	1.05B
Net Rental Expense, Total	44.93M	103M	28.75M	513K	32.98M
Imputed Operating Lease Interest Expense	-	67.19M	12.37M	400K	53.51M
Imputed Operating Lease Depreciation	-	35.76M	16.38M	113K	-20.54M
Maintenance & Repair Expenses, Total	462M	556M	754M	743M	939M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	6.31B	14.29B	17.42B	34.7B	36.37B
Short Term Investments	-	10.06B	-	483M	1.12B
Trading Asset Securities, Total	5.25B	-	8.82B	9.63B	12.84B
Total Cash And Short Term Investments	11.56B	24.35B	26.24B	44.82B	50.33B
Accounts Receivable, Total	814M	1.5B	1.13B	797M	1.02B
Other Receivables	1.84B	787M	231M	346M	672M
Notes Receivable	38.06M	43.58M	56.04M	65.09M	89.21M
Total Receivables	2.69B	2.33B	1.41B	1.21B	1.78B
Inventory	5.57B	4.67B	7.54B	9.09B	10.65B
Prepaid Expenses	105M	74.78M	123M	125M	188M
Other Current Assets, Total	586M	1.32B	1.37B	2.15B	41.01M
Total Current Assets	20.51B	32.75B	36.69B	57.39B	62.99B
Gross Property Plant And Equipment	18.05B	18.67B	19.77B	22.58B	23.89B
Accumulated Depreciation	-8B	-8.88B	-9.52B	-10.42B	-11.44B
Net Property Plant And Equipment	10.04B	9.79B	10.25B	12.16B	12.45B
Long-term Investments	322M	330M	344M	341M	351M
Other Intangibles, Total	135M	102M	56.26M	35.31M	7.83M
Loans Receivable Long-Term	36.67M	48.25M	64.16M	75.47M	107M
Other Long-Term Assets, Total	13.02M	12.07M	14.08M	41.66M	41.67M
Total Assets	31.06B	43.03B	47.42B	70.04B	75.94B
Liabilities
Accounts Payable, Total	4.87B	5.81B	6.14B	6.49B	8.31B
Accrued Expenses, Total	4.17B	6.37B	7.26B	13.65B	14.17B
Current Portion of Long-Term Debt	-	226M	184M	-	-
Current Portion of Leases	30.23M	39.61M	23.45M	53.62M	57.99M
Current Income Taxes Payable	-	-	-	50M	1.24B
Unearned Revenue Current, Total	4.05B	10.45B	11.33B	24.24B	20.44B
Other Current Liabilities	198M	226M	291M	1.43B	1.12B
Total Current Liabilities	13.32B	23.12B	25.23B	45.92B	45.35B
Long-Term Debt	-	187M	-	-	-
Long-Term Leases	209M	169M	152M	148M	289M
Unearned Revenue Non Current	-	3.52M	-	-	-
Pension & Other Post Retirement Benefits	343M	394M	485M	560M	664M
Deferred Tax Liability Non Current	604M	528M	533M	633M	878M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	14.48B	24.4B	26.4B	47.26B	47.18B
Common Stock, Total	1.24B	1.24B	1.24B	1.24B	1.24B
Additional Paid In Capital	39.95M	39.95M	39.95M	39.95M	39.95M
Retained Earnings	15.3B	17.35B	19.75B	21.5B	27.49B
Comprehensive Income and Other	165K	165K	165K	165K	165K
Total Common Equity	16.58B	18.63B	21.03B	22.78B	28.77B
Total Equity	16.58B	18.63B	21.03B	22.78B	28.77B
Total Liabilities And Equity	31.06B	43.03B	47.42B	70.04B	75.94B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	124M	124M	124M	124M	124M
ECS Total Common Shares Outstanding	124M	124M	124M	124M	124M
Book Value / Share	133.62	150.14	169.46	183.58	231.83
Tangible Book Value	16.45B	18.53B	20.97B	22.74B	28.76B
Tangible Book Value Per Share	132.53	149.32	169	183.29	231.77
Total Debt	239M	622M	359M	202M	347M
Net Debt	-11.32B	-23.73B	-25.88B	-44.62B	-49.98B
Debt Equivalent of Unfunded Proj. Benefit Obligation	97.34M	92.45M	176M	201M	189M
Debt Equivalent Oper. Leases	359M	824M	230M	4.1M	264M
Equity Method Investments, Total	322M	330M	344M	341M	351M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	4.24B	3.61B	5.12B	6.65B	6.97B
Inventories - Work In Process, Total	10.24M	-	-	-	-
Inventories - Finished Goods, Total	864M	630M	1.7B	1.73B	2.99B
Inventories - Others	640M	599M	905M	908M	934M
Land - (BS)	817M	1.15B	1.44B	1.44B	1.44B
Buildings, Total	2.14B	2.2B	2.41B	2.86B	2.9B
Machinery, Total	14.75B	15.09B	15.49B	18.05B	19.16B
Full Time Employees	1.87K	2.13K	2.3K	2.46K	2.72K
Accumulated Allowance for Doubtful Accounts (Supple)	-	1.76M	3.61M	3.89M	4.22M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	3.08B	3.59B	5.59B	5B	9.71B
Depreciation & Amortization - CF	1.26B	1.22B	1.19B	1.35B	1.51B
Amortization of Goodwill and Intangible Assets - (CF)	38.23M	38.23M	38.25M	28.63M	20.8M
Depreciation & Amortization, Total	1.3B	1.26B	1.23B	1.38B	1.53B
Amortization of Deferred Charges, Total - (CF)	3.96M	10.11M	13.47M	11.57M	11.63M
(Gain) Loss From Sale Of Asset	46.27M	62.78M	66.55M	34.28M	164M
(Gain) Loss on Sale of Investments - (CF)	-89.7M	-122M	-81.5M	-311M	-746M
Net (Increase) Decrease in Loans Originated / Sold - Operating	-3.2M	-11.58M	-15.91M	-11.31M	-31.06M
(Income) Loss On Equity Investments - (CF)	-4.44M	-9.33M	-16.9M	-322K	-12.48M
Other Operating Activities, Total	-782M	342M	41.16M	274M	-1.19B
Change In Accounts Receivable	302M	-688M	375M	329M	-225M
Change In Inventories	214M	925M	-2.89B	-1.56B	-1.61B
Change In Accounts Payable	-2.31B	9.46B	1.98B	18.08B	-1.23B
Change in Other Net Operating Assets	566M	-379M	-116M	-784M	2B
Cash from Operations	2.31B	14.44B	6.17B	22.44B	8.36B
Capital Expenditure	-2.18B	-1.08B	-1.81B	-3.33B	-1.85B
Sale of Property, Plant, and Equipment	63.82M	52.14M	88.4M	110M	96.73M
Sale (Purchase) of Intangible assets	-8.39M	-15.04M	-6.16M	-19.25M	-4.94M
Investment in Marketable and Equity Securities, Total	103M	-4.69B	1.33B	-984M	-3.1B
Other Investing Activities, Total	438M	435M	818M	1.4B	2.37B
Cash from Investing	-1.59B	-5.3B	415M	-2.82B	-2.49B
Long-Term Debt Issued, Total	-	500M	-	-	-
Total Debt Issued	-	500M	-	-	-
Long-Term Debt Repaid, Total	-66.63M	-119M	-305M	-256M	-108M
Total Debt Repaid	-66.63M	-119M	-305M	-256M	-108M
Common Dividends Paid	-1.83B	-1.54B	-3.15B	-2.09B	-4.09B
Common & Preferred Stock Dividends Paid	-1.83B	-1.54B	-3.15B	-2.09B	-4.09B
Cash from Financing	-1.9B	-1.16B	-3.45B	-2.34B	-4.2B
Net Change in Cash	-1.17B	7.98B	3.14B	17.28B	1.67B
Supplemental Items
Cash Interest Paid	-	3.44M	3.68M	1.75M	-
Cash Income Tax Paid (Refund)	1.76B	919M	1.66B	2.73B	4.6B
Levered Free Cash Flow	-462M	12.71B	3.22B	20.04B	4B
Unlevered Free Cash Flow	-442M	12.74B	3.24B	20.06B	4.03B
Change In Net Working Capital	1.53B	-10.12B	-114M	-18.73B	669M
Net Debt Issued / Repaid	-66.63M	381M	-305M	-256M	-108M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.28	6.61	8.18	5.61	6.88
Return on Total Capital	12.3	13.58	18.2	14.85	19.27
Return On Equity %	19.27	20.42	28.17	22.85	37.67
Return on Common Equity	19.27	20.42	28.17	22.85	37.67
Margin Analysis
Gross Profit Margin %	7.19	7.36	7.46	7.12	7.65
SG&A Margin	3.08	2.79	2.59	2.85	2.94
EBITDA Margin %	5.21	5.51	5.38	4.87	5.96
EBITA Margin %	3.78	4.25	4.51	3.91	5.06
EBIT Margin %	3.73	4.21	4.48	3.89	5.04
Income From Continuing Operations Margin %	3.63	3.86	4.23	3.69	6.09
Net Income Margin %	3.63	3.86	4.23	3.69	6.09
Net Avail. For Common Margin %	3.63	3.86	4.23	3.69	6.09
Normalized Net Income Margin	3.22	3.42	3.4	2.78	4.15
Levered Free Cash Flow Margin	-0.54	13.65	2.44	14.79	2.51
Unlevered Free Cash Flow Margin	-0.52	13.67	2.46	14.81	2.53
Asset Turnover
Asset Turnover	2.69	2.51	2.92	2.31	2.18
Fixed Assets Turnover	8.93	9.4	13.17	12.09	12.95
Receivables Turnover (Average Receivables)	87.85	80.45	100.38	140.82	175.11
Inventory Turnover (Average Inventory)	13.84	16.85	19.99	15.13	14.91
Short Term Liquidity
Current Ratio	1.54	1.42	1.45	1.25	1.39
Quick Ratio	1.07	1.15	1.09	1	1.15
Operating Cash Flow to Current Liabilities	0.17	0.62	0.24	0.49	0.18
Days Sales Outstanding (Average Receivables)	4.17	4.54	3.64	2.59	2.09
Days Outstanding Inventory (Average Inventory)	26.44	21.67	18.26	24.12	24.55
Average Days Payable Outstanding	23.16	22.82	17.45	18.09	18.23
Cash Conversion Cycle (Average Days)	7.44	3.38	4.45	8.62	8.41
Long Term Solvency
Total Debt/Equity	1.44	3.34	1.71	0.89	1.21
Total Debt / Total Capital	1.42	3.23	1.68	0.88	1.19
LT Debt/Equity	1.26	1.91	0.72	0.65	1.01
Long-Term Debt / Total Capital	1.24	1.85	0.71	0.64	0.99
Total Liabilities / Total Assets	46.62	56.7	55.66	67.47	62.12
EBIT / Interest Expense	103.36	111.55	224.37	193.02	144.24
EBITDA / Interest Expense	145.69	147.32	271.05	243.41	171.67
(EBITDA - Capex) / Interest Expense	74.45	116.58	202.38	121.56	138.4
Total Debt / EBITDA	0.05	0.12	0.05	0.03	0.04
Net Debt / EBITDA	-2.54	-4.59	-3.62	-6.71	-5.23
Total Debt / (EBITDA - Capex)	0.1	0.15	0.07	0.06	0.05
Net Debt / (EBITDA - Capex)	-4.96	-5.79	-4.85	-13.44	-6.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.87	9.89	41.62	2.69	17.57
Gross Profit, 1 Yr. Growth %	-6.78	12.57	43.54	-2.25	26.31
EBITDA, 1 Yr. Growth %	-7.18	16.12	38.47	-7.11	43.9
EBITA, 1 Yr. Growth %	-13.27	23.48	50.51	-11.01	51.94
EBIT, 1 Yr. Growth %	-13.9	23.76	51.01	-10.92	52.37
Earnings From Cont. Operations, 1 Yr. Growth %	-4.06	16.77	55.37	-10.4	94
Net Income, 1 Yr. Growth %	-4.06	16.77	55.37	-10.4	94
Normalized Net Income, 1 Yr. Growth %