Cash flow Gem Diamonds Limited

Equities

GEMD

VGG379591065

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 11:35:05 2024-12-02 am EST			5-day change	1st Jan Change
10.04 ^GBX	-1.95%		-9.19%	-24.41%

Oct. 29	Ultimate Products annual earnings fall	AN
Oct. 23	Gem Diamonds posts revenue rise as sells more diamonds	AN

7745f28ede9894e0cd0.MrKdaovsr5w5fjkz0Dxzyv5Htg3rzNWrWsDnubcxyi0.BfzIIrmI265rLXtcgn43-rkxzj6NhZnFBaKR7sBT_mdk2dQj1MHExgAuVg

Published financial data: GEM DIAMONDS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	182M	190M	202M	189M	140M
Total Revenues	182M	190M	202M	189M	140M
Cost of Goods Sold, Total	146M	134M	144M	144M	124M
Gross Profit	35.66M	56M	58.35M	44.5M	15.84M
Selling General & Admin Expenses, Total	9.42M	7.99M	8.89M	9M	7.9M
Stock-Based Compensation (IS)	784K	555K	395K	253K	332K
Other Operating Expenses	866K	885K	1.08M	3.28M	2.48M
Other Operating Expenses, Total	11.07M	9.43M	10.36M	12.53M	10.72M
Operating Income	24.59M	46.57M	47.99M	31.97M	5.12M
Interest Expense, Total	-5.53M	-3.9M	-2.76M	-3.22M	-3.83M
Interest And Investment Income	668K	358K	197K	303K	292K
Net Interest Expenses	-4.86M	-3.55M	-2.56M	-2.92M	-3.54M
Currency Exchange Gains (Loss)	3.55M	-880K	1.93M	1.91M	2.78M
Other Non Operating Income (Expenses)	-	24K	5K	110K	325K
EBT, Excl. Unusual Items	23.29M	42.17M	47.36M	31.08M	4.68M
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	762K	-30K	16K	195K	-22K
Asset Writedown	-	-	-	-702K	-
Insurance Settlements	-	-	-	-	1.03M
Other Unusual Items	-	-3.88M	-711K	-140K	-3K
EBT, Incl. Unusual Items	24.05M	38.25M	46.67M	30.43M	5.68M
Income Tax Expense	9.02M	10.71M	15.56M	10.28M	4.09M
Earnings From Continuing Operations	15.03M	27.54M	31.11M	20.16M	1.59M
Earnings Of Discontinued Operations	-4.45M	-3.26M	-3.75M	-	-
Net Income to Company	10.58M	24.28M	27.35M	20.16M	1.59M
Minority Interest	-7.96M	-10.64M	-12.59M	-9.98M	-3.72M
Net Income - (IS)	2.62M	13.64M	14.77M	10.18M	-2.12M
Net Income to Common Incl Extra Items	2.62M	13.64M	14.77M	10.18M	-2.12M
Net Income to Common Excl. Extra Items	7.07M	16.9M	18.52M	10.18M	-2.12M
Per Share Items
Net EPS - Basic	0.02	0.1	0.11	0.07	-0.02
Basic EPS - Continuing Operations	0.05	0.12	0.13	0.07	-0.02
Basic Weighted Average Shares Outstanding	139M	139M	140M	140M	140M
Net EPS - Diluted	0.02	0.1	0.1	0.07	-0.02
Diluted EPS - Continuing Operations	0.05	0.12	0.13	0.07	-0.02
Diluted Weighted Average Shares Outstanding	142M	142M	142M	142M	142M
Normalized Basic EPS	0.05	0.11	0.12	0.07	-0.01
Normalized Diluted EPS	0.05	0.11	0.12	0.07	-0.01
Dividend Per Share	-	0.02	0.03	-	-
Payout Ratio	-	-	23.61	35.6	-
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	37.14M	53.6M	54.92M	38.56M	10.54M
EBITA	24.59M	46.57M	47.99M	31.97M	5.12M
EBIT	24.59M	46.57M	47.99M	31.97M	5.12M
EBITDAR	109M	66.14M	70.03M	53.41M	20.42M
Effective Tax Rate - (Ratio)	37.51	28	33.35	33.77	71.96
Current Foreign Taxes	1.95M	12.12M	10.84M	7.41M	1.5M
Total Current Taxes	1.95M	12.12M	10.84M	7.41M	1.5M
Deferred Foreign Taxes	7.07M	-1.41M	4.73M	2.87M	3.78M
Total Deferred Taxes	7.07M	-1.41M	4.73M	2.87M	3.78M
Normalized Net Income	6.6M	15.72M	17.02M	9.45M	-795K
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	5.07M	3.9M	525K	666K	497K
Supplemental Operating Expense Items
General and Administrative Expenses	9.42M	7.99M	8.89M	9M	7.9M
Net Rental Expense, Total	71.43M	12.54M	15.12M	14.85M	9.88M
Imputed Operating Lease Interest Expense	94.3M	14.08M	17.23M	25.74M	10.37M
Imputed Operating Lease Depreciation	-22.87M	-1.54M	-2.12M	-10.89M	-492K
Stock-Based Comp., Other (Total)	784K	555K	395K	253K	332K
Total Stock-Based Compensation	784K	555K	395K	253K	332K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	10.87M	35.46M	27.68M	6.01M	5.1M
Short Term Investments	425K	14.36M	3.26M	2.73M	11.42M
Total Cash And Short Term Investments	11.3M	49.82M	30.93M	8.74M	16.53M
Accounts Receivable, Total	89K	22K	25K	23K	23K
Other Receivables	13.26M	4.42M	4.31M	5.78M	6.97M
Total Receivables	13.34M	4.44M	4.33M	5.81M	6.99M
Inventory	32.52M	26.74M	31.16M	30.37M	37.63M
Prepaid Expenses	687K	1.35M	975K	1.35M	1.25M
Restricted Cash	100K	-	-	-	-
Other Current Assets, Total	4.34M	3.53M	2.1M	-	-
Total Current Assets	62.29M	85.88M	69.5M	46.27M	62.4M
Gross Property Plant And Equipment	861M	859M	850M	878M	886M
Accumulated Depreciation	-528M	-550M	-554M	-579M	-585M
Net Property Plant And Equipment	332M	309M	297M	300M	301M
Long-term Investments	-	-	-	-	-
Goodwill	13.65M	13M	11.96M	11.22M	10.44M
Other Intangibles, Total	0	0	-	-	-
Deferred Tax Assets Long-Term	7.87M	6.35M	5.12M	5.99M	6.81M
Other Long-Term Assets, Total	-	153K	1.28M	2.92M	4.49M
Total Assets	416M	414M	385M	366M	385M
Liabilities
Accounts Payable, Total	13.37M	12.89M	10.78M	10.89M	15.76M
Accrued Expenses, Total	13M	12.81M	11.05M	8.44M	7.24M
Short-term Borrowings	-	-	-	-	33.41M
Current Portion of Long-Term Debt	16.33M	14.38M	2.7M	1.58M	-
Current Portion of Leases	1.94M	1.84M	973K	1.88M	2.16M
Current Income Taxes Payable	13K	11.94M	41K	55K	918K
Other Current Liabilities	4.24M	7.35M	4.46M	375K	352K
Total Current Liabilities	48.9M	61.21M	30.01M	23.22M	59.85M
Long-Term Debt	6.01M	1.7M	8.34M	4.37M	5.16M
Long-Term Leases	8.54M	4.9M	3.85M	6.02M	3.79M
Pension & Other Post Retirement Benefits	1.94M	2.03M	2.1M	2.17M	1.49M
Deferred Tax Liability Non Current	91M	84.54M	82.47M	82.03M	82.14M
Other Non Current Liabilities	15.59M	12.33M	11.2M	15.39M	14.17M
Total Liabilities	172M	167M	138M	133M	167M
Common Stock, Total	1.39M	1.4M	1.41M	1.41M	1.41M
Additional Paid In Capital	886M	886M	886M	886M	886M
Retained Earnings	-525M	-512M	-501M	-494M	-496M
Treasury Stock	-	-	-	-1.16M	-1.16M
Comprehensive Income and Other	-203M	-212M	-227M	-239M	-251M
Total Common Equity	159M	163M	160M	153M	139M
Minority Interest	85.42M	84.42M	86.84M	80.43M	79.26M
Total Equity	244M	247M	247M	233M	218M
Total Liabilities And Equity	416M	414M	385M	366M	385M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	139M	140M	141M	139M	140M
ECS Total Common Shares Outstanding	139M	140M	141M	139M	140M
Book Value / Share	1.14	1.17	1.14	1.09	0.99
Tangible Book Value	145M	150M	148M	141M	128M
Tangible Book Value Per Share	1.04	1.07	1.05	1.01	0.92
Total Debt	32.82M	22.82M	15.87M	13.84M	44.52M
Net Debt	21.52M	-27M	-15.06M	5.1M	27.99M
Debt Equivalent Oper. Leases	571M	100M	121M	119M	79.04M
Minority Interest, Total (Incl. Fin. Div)	85.42M	84.42M	86.84M	80.43M	79.26M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	10.77M	11.18M	12.86M	13.62M	20.5M
Inventories - Finished Goods, Total	21.74M	15.56M	18.3M	16.74M	17.13M
Machinery, Total	91.76M	87.07M	81.81M	97.81M	117M
Full Time Employees	425	381	353	362	327

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.62M	13.64M	14.77M	10.18M	-2.12M
Depreciation & Amortization - CF	15.08M	9.07M	8.61M	8.41M	7.32M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	15.08M	9.07M	8.61M	8.41M	7.32M
Amortization of Deferred Charges, Total - (CF)	43.13M	43.42M	46.81M	36.28M	39.19M
(Gain) Loss From Sale Of Asset	-762K	30K	-16K	-195K	22K
Asset Writedown & Restructuring Costs	-	-20K	-	702K	-
Stock-Based Compensation (CF)	794K	561K	397K	253K	332K
Provision and Write-off of Bad Debts	-	-	12K	-	-
Net Cash From Discontinued Operations	-4.45M	-3.26M	-3.75M	-	-
Other Operating Activities, Total	1.94M	32.32M	11.58M	17.29M	5.89M
Change In Accounts Receivable	1.6M	1.32M	5.07M	-1.46M	1.44M
Change In Inventories	-851K	3.49M	-8.26M	-3.75M	-10.16M
Change In Accounts Payable	-3.6M	-4.34M	-3.92M	-4.68M	-6.9M
Cash from Operations	55.49M	96.23M	71.31M	63.03M	35.02M
Capital Expenditure	-82.85M	-48.74M	-68.71M	-59.87M	-57.15M
Sale of Property, Plant, and Equipment	2.08M	20K	24K	196K	4K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-80.77M	-48.72M	-68.69M	-59.67M	-57.15M
Long-Term Debt Issued, Total	34.88M	49.21M	19.2M	9.89M	75.22M
Total Debt Issued	34.88M	49.21M	19.2M	9.89M	75.22M
Long-Term Debt Repaid, Total	-48.96M	-57.54M	-28.05M	-19.47M	-47.2M
Total Debt Repaid	-48.96M	-57.54M	-28.05M	-19.47M	-47.2M
Repurchase of Common Stock	-	-	-	-1.16M	-
Common Dividends Paid	-	-	-3.49M	-3.62M	-
Common & Preferred Stock Dividends Paid	-	-	-3.49M	-3.62M	-
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-4.66M	-6.68M	-10.55M	-
Cash from Financing	-14.08M	-13M	-19.02M	-24.91M	28.02M
Foreign Exchange Rate Adjustments	-24K	3.87M	-2.37M	-787K	1.89M
Net Change in Cash	-39.38M	38.38M	-18.77M	-22.34M	7.78M
Supplemental Items
Cash Interest Paid	5.18M	3.56M	2.46M	2.93M	4.22M
Cash Income Tax Paid (Refund)	18.79M	-5.89M	23.23M	7.25M	1.6M
Levered Free Cash Flow	-30.35M	60.28M	-5.78M	-2.48M	-13.34M
Unlevered Free Cash Flow	-26.89M	62.72M	-4.06M	-473K	-10.94M
Change In Net Working Capital	18.41M	-29.31M	21.16M	5.53M	3.83M
Net Debt Issued / Repaid	-14.08M	-8.34M	-8.85M	-9.58M	28.02M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.77	7.01	7.51	5.32	0.85
Return on Total Capital	5.7	10.64	11.26	7.84	1.26
Return On Equity %	6.36	11.2	12.59	8.4	0.71
Return on Common Equity	4.49	10.51	11.47	6.52	-1.46
Margin Analysis
Gross Profit Margin %	19.59	29.53	28.91	23.55	11.29
SG&A Margin	5.17	4.21	4.4	4.76	5.63
EBITDA Margin %	20.4	28.26	27.21	20.41	7.51
EBITA Margin %	13.51	24.56	23.77	16.92	3.65
EBIT Margin %	13.51	24.56	23.77	16.92	3.65
Income From Continuing Operations Margin %	8.26	14.52	15.41	10.67	1.14
Net Income Margin %	1.44	7.19	7.32	5.39	-1.51
Net Avail. For Common Margin %	3.88	8.91	9.18	5.39	-1.51
Normalized Net Income Margin	3.62	8.29	8.43	5	-0.57
Levered Free Cash Flow Margin	-16.67	31.79	-2.86	-1.31	-9.51
Unlevered Free Cash Flow Margin	-14.77	33.07	-2.01	-0.25	-7.8
Asset Turnover
Asset Turnover	0.45	0.46	0.51	0.5	0.37
Fixed Assets Turnover	0.59	0.59	0.67	0.63	0.47
Receivables Turnover (Average Receivables)	1.33K	3.42K	8.59K	7.87K	6.1K
Inventory Turnover (Average Inventory)	4.46	4.51	4.96	4.7	3.66
Short Term Liquidity
Current Ratio	1.27	1.4	2.32	1.99	1.04
Quick Ratio	0.5	0.89	1.18	0.63	0.39
Operating Cash Flow to Current Liabilities	1.13	1.57	2.38	2.72	0.59
Days Sales Outstanding (Average Receivables)	0.27	0.11	0.04	0.05	0.06
Days Outstanding Inventory (Average Inventory)	81.78	81.14	73.63	77.74	99.72
Average Days Payable Outstanding	32.59	37.58	29.2	27.52	36.92
Cash Conversion Cycle (Average Days)	49.47	43.67	44.47	50.26	62.86
Long Term Solvency
Total Debt/Equity	13.44	9.22	6.43	5.94	20.41
Total Debt / Total Capital	11.85	8.44	6.04	5.61	16.95
LT Debt/Equity	5.96	2.67	4.94	4.46	4.1
Long-Term Debt / Total Capital	5.25	2.44	4.64	4.21	3.4
Total Liabilities / Total Assets	41.33	40.25	35.87	36.37	43.3
EBIT / Interest Expense	4.45	11.93	17.41	9.93	1.34
EBITDA / Interest Expense	7.18	14.25	20.53	12.55	3.25
(EBITDA - Capex) / Interest Expense	-7.81	1.77	-4.39	-6.06	-11.68
Total Debt / EBITDA	0.83	0.41	0.28	0.34	3.58
Net Debt / EBITDA	0.54	-0.49	-0.27	0.13	2.25
Total Debt / (EBITDA - Capex)	-0.76	3.31	-1.31	-0.71	-1
Net Debt / (EBITDA - Capex)	-0.5	-3.91	1.24	-0.26	-0.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-31.89	4.17	6.44	-6.4	-25.75
Gross Profit, 1 Yr. Growth %	-60.13	57.04	4.2	-23.75	-64.41
EBITDA, 1 Yr. Growth %	-56.42	44.3	2.46	-24.65	-72.67
EBITA, 1 Yr. Growth %	-67.89	89.36	3.05	-27.74	-84
EBIT, 1 Yr. Growth %	-67.89	89.36	3.05	-27.74	-84
Earnings From Cont. Operations, 1 Yr. Growth %	-71.29	83.25	12.94	-26.32	-92.09
Net Income, 1 Yr. Growth %	-89.94	421.25	8.25	-31.08	-120.88
Normalized Net Income, 1 Yr. Growth %