Cash flow GOGOX HOLDINGS LIMITED

Equities

2246

KYG9482E1008

Air Freight & Logistics

End-of-day quote Hong Kong S.E. Other stock markets 2025-01-20			5-day change	1st Jan Change
0.4300 ^USD	+2.38%		+10.26%	-5.49%

Aug. 30	Gogox Holdings Limited Announces Board Changes	CI
Aug. 29	Gogox Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2024	CI

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Published financial data: GOGOX HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	548M	530M	661M	773M	753M
Total Revenues	548M	530M	661M	773M	753M
Cost of Goods Sold, Total	375M	347M	419M	512M	495M
Gross Profit	173M	183M	242M	262M	258M
Selling General & Admin Expenses, Total	514M	347M	522M	1.11B	473M
Provision for Bad Debts	-4.8M	-3.2M	-50K	4.73M	12.3M
R&D Expenses	64.6M	34.61M	34.75M	72.24M	38.32M
Other Operating Expenses	-2.64M	1.28M	-2.44M	-11.1M	-8.54M
Other Operating Expenses, Total	571M	380M	554M	1.18B	515M
Operating Income	-398M	-196M	-312M	-918M	-257M
Interest Expense, Total	-692K	-7.85M	-1.7M	-799K	-1.51M
Interest And Investment Income	3.2M	4.19M	2.74M	3.24M	3.02M
Net Interest Expenses	2.5M	-3.67M	1.04M	2.44M	1.5M
Income (Loss) On Equity Invest.	-	-	28K	8K	-2.04M
Currency Exchange Gains (Loss)	-2.98M	3.44M	-1.7M	-1.42M	-339K
Other Non Operating Income (Expenses)	228M	-465M	-560M	-308M	-5.6M
EBT, Excl. Unusual Items	-170M	-662M	-873M	-1.22B	-264M
Impairment of Goodwill	-	-	-	-	-844M
Gain (Loss) On Sale Of Investments	-	-	-	3.19M	4.01M
Other Unusual Items	-	8.48M	-	3.39M	253K
EBT, Incl. Unusual Items	-170M	-653M	-873M	-1.22B	-1.1B
Income Tax Expense	3.62M	460K	259K	-8.77M	-2.54M
Earnings From Continuing Operations	-174M	-654M	-873M	-1.21B	-1.1B
Earnings Of Discontinued Operations	-9.85M	-4.46M	-19K	-	-
Net Income to Company	-184M	-658M	-873M	-1.21B	-1.1B
Minority Interest	-	-	-	3.73M	981K
Net Income - (IS)	-184M	-658M	-873M	-1.21B	-1.1B
Net Income to Common Incl Extra Items	-184M	-658M	-873M	-1.21B	-1.1B
Net Income to Common Excl. Extra Items	-174M	-654M	-873M	-1.21B	-1.1B
Per Share Items
Net EPS - Basic	-0.44	-1.56	-2.16	-2.4	-1.76
Basic EPS - Continuing Operations	-0.41	-1.55	-2.16	-2.4	-1.76
Basic Weighted Average Shares Outstanding	422M	422M	403M	503M	626M
Net EPS - Diluted	-0.44	-1.56	-2.16	-2.4	-1.76
Diluted EPS - Continuing Operations	-0.41	-1.55	-2.16	-2.4	-1.76
Diluted Weighted Average Shares Outstanding	422M	422M	403M	503M	626M
Normalized Basic EPS	-0.25	-0.98	-1.35	-1.51	-0.26
Normalized Diluted EPS	-0.25	-0.98	-1.35	-1.51	-0.26
Supplemental Items
EBITDA	-375M	-173M	-291M	-896M	-239M
EBITA	-380M	-178M	-295M	-900M	-242M
EBIT	-398M	-196M	-312M	-918M	-257M
EBITDAR	-357M	-169M	-285M	-890M	-237M
Effective Tax Rate - (Ratio)	-2.12	-0.07	-0.03	0.72	0.23
Total Current Taxes	8.61M	4.97M	4.18M	-4.82M	851K
Total Deferred Taxes	-4.99M	-4.51M	-3.92M	-3.95M	-3.39M
Normalized Net Income	-106M	-414M	-545M	-762M	-164M
Interest on Long-Term Debt	788K	561K	347K	799K	1.51M
Supplemental Operating Expense Items
Advertising Expense	82.5M	47.23M	49.39M	44.26M	22.34M
Selling and Marketing Expenses	296M	195M	335M	321M	204M
General and Administrative Expenses	218M	152M	187M	793M	269M
Research And Development Expense From Footnotes	64.6M	34.61M	34.75M	72.24M	38.32M
Net Rental Expense, Total	18.33M	3.94M	5.1M	6.74M	2.07M
Imputed Operating Lease Interest Expense	53.09K	117K	25.03K	26.48K	1.06M
Imputed Operating Lease Depreciation	18.28M	3.83M	5.07M	6.71M	1.02M
Stock-Based Comp., COGS (Total)	-	-	-	5.82M	-
Stock-Based Comp., R&D Exp. (Total)	-	-	-	28.09M	-
Stock-Based Comp., S&M Exp. (Total)	-	-	-	29.87M	-
Stock-Based Comp., G&A Exp. (Total)	14.95M	8.71M	2.12M	563M	-
Stock-Based Comp., Other (Total)	-	-	-	-	86.77M
Total Stock-Based Compensation	14.95M	8.71M	2.12M	627M	86.77M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	247M	217M	313M	331M	206M
Short Term Investments	-	-	-	-	877K
Trading Asset Securities, Total	-	-	-	258M	207M
Total Cash And Short Term Investments	247M	217M	313M	589M	414M
Accounts Receivable, Total	53.08M	53.7M	65.23M	96.71M	83.76M
Other Receivables	15.13M	4.15M	12.97M	9.07M	9.39M
Notes Receivable	-	-	-	6.92M	5.51M
Total Receivables	68.21M	57.84M	78.2M	113M	98.66M
Restricted Cash	2.18M	1.88M	101M	70.84M	62.54M
Other Current Assets, Total	32.21M	20.39M	23.97M	14.62M	11.96M
Total Current Assets	350M	297M	517M	787M	587M
Gross Property Plant And Equipment	54.37M	49.85M	46.42M	69.69M	88.64M
Accumulated Depreciation	-26M	-34.46M	-32.84M	-41.7M	-55.8M
Net Property Plant And Equipment	28.37M	15.39M	13.58M	27.98M	32.84M
Long-term Investments	-	-	2.03M	2.04M	-
Goodwill	1.05B	1.03B	1.02B	1.05B	207M
Other Intangibles, Total	110M	87.03M	68.35M	52.45M	37.2M
Other Long-Term Assets, Total	8.39M	1.46M	3.06M	7.11M	2.94M
Total Assets	1.55B	1.43B	1.62B	1.92B	867M
Liabilities
Accounts Payable, Total	143M	166M	43.59M	51.83M	48.38M
Accrued Expenses, Total	75.81M	78.34M	89.08M	90.52M	68.15M
Short-term Borrowings	-	105M	-	-	-
Current Portion of Long-Term Debt	3.33M	39.85M	-	-	-
Current Portion of Leases	7.3M	5.61M	7.97M	7.65M	14.5M
Current Income Taxes Payable	13.55M	18.51M	22.69M	17.79M	18.59M
Unearned Revenue Current, Total	6.42M	9.35M	8.15M	7.71M	19.34M
Other Current Liabilities	449M	419M	288M	241M	197M
Total Current Liabilities	699M	841M	459M	416M	366M
Long-Term Debt	1.91B	2.15B	3.22B	-	-
Long-Term Leases	7.55M	2.42M	907K	13.03M	12.41M
Pension & Other Post Retirement Benefits	-	-	-	-	652K
Deferred Tax Liability Non Current	24.14M	19.18M	15.09M	11.4M	8.04M
Total Liabilities	2.64B	3.01B	3.7B	441M	387M
Common Stock, Total	7K	7K	6K	10K	11K
Additional Paid In Capital	76.58M	76.58M	76.58M	4.53B	4.71B
Retained Earnings	-3.06B	-3.72B	-4.59B	-6.25B	-7.38B
Comprehensive Income and Other	1.89B	2.06B	2.44B	3.2B	3.16B
Total Common Equity	-1.1B	-1.58B	-2.08B	1.48B	481M
Minority Interest	-	-	-	-764K	-1.73M
Total Equity	-1.1B	-1.58B	-2.08B	1.48B	480M
Total Liabilities And Equity	1.55B	1.43B	1.62B	1.92B	867M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	422M	422M	616M	619M	628M
ECS Total Common Shares Outstanding	422M	422M	373M	619M	628M
Book Value / Share	-2.61	-3.75	-5.57	2.4	0.77
Tangible Book Value	-2.26B	-2.7B	-3.16B	384M	237M
Tangible Book Value Per Share	-5.36	-6.4	-8.49	0.62	0.38
Total Debt	1.93B	2.3B	3.23B	20.68M	26.91M
Net Debt	1.68B	2.08B	2.92B	-568M	-387M
Debt Equivalent Oper. Leases	147M	31.54M	40.76M	53.92M	16.58M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-764K	-1.73M
Equity Method Investments, Total	-	-	2.03M	2.04M	-
Account Code - Inventory Valuation	-	-	3	3	3
Machinery, Total	15.54M	12.56M	13.75M	16.17M	16.51M
Full Time Employees	-	-	1.17K	1.13K	831
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	15.69M	26.7M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-184M	-658M	-873M	-1.21B	-1.1B
Depreciation & Amortization - CF	12.61M	12.32M	11.63M	15.82M	18.23M
Amortization of Goodwill and Intangible Assets - (CF)	17.85M	17.83M	17.46M	17.66M	15.27M
Depreciation & Amortization, Total	30.46M	30.15M	29.08M	33.48M	33.5M
Amortization of Deferred Charges, Total - (CF)	5.49M	3.84M	372K	369K	159K
(Gain) Loss From Sale Of Asset	29K	-2K	428K	-236K	137K
(Gain) Loss on Sale of Investments - (CF)	-5.19M	2.37M	-50K	1.06M	-4.01M
Asset Writedown & Restructuring Costs	-	-60K	-5K	-19K	843M
(Income) Loss On Equity Investments - (CF)	-	-	-28K	-8K	2.04M
Stock-Based Compensation (CF)	16.13M	8.71M	2.12M	627M	86.77M
Provision and Write-off of Bad Debts	-	-	-	-	12.3M
Net Cash From Discontinued Operations	-8.29M	-3.82M	-19K	-	-
Other Operating Activities, Total	-217M	473M	559M	293M	1.19M
Change In Accounts Receivable	4.93M	-2.35M	-12.85M	-35.74M	707K
Change In Accounts Payable	-9.2M	4M	12.5M	8.01M	-3.48M
Change in Other Net Operating Assets	-89.84M	16.31M	-76.17M	-18.79M	-43.29M
Cash from Operations	-456M	-126M	-359M	-298M	-170M
Capital Expenditure	-9.9M	-1.23M	-2.4M	-6.23M	-3.34M
Sale of Property, Plant, and Equipment	516K	461K	6K	1.06M	25K
Sale (Purchase) of Intangible assets	-213K	-39K	-	-447K	-
Investment in Marketable and Equity Securities, Total	-	-	-2M	-247M	58.36M
Other Investing Activities, Total	3.2M	4.19M	2.74M	3.24M	2.55M
Cash from Investing	-6.4M	3.38M	-1.65M	-249M	57.59M
Short Term Debt Issued, Total	152M	105M	9.53M	-	-
Long-Term Debt Issued, Total	201M	-	738M	-	-
Total Debt Issued	353M	105M	747M	-	-
Short Term Debt Repaid, Total	-282K	-1.51M	-105M	-	-
Long-Term Debt Repaid, Total	-11.98M	-6.95M	-175M	-12.63M	-13.52M
Total Debt Repaid	-12.26M	-8.46M	-280M	-12.63M	-13.52M
Issuance of Common Stock	-	-	-	573M	2.08M
Other Financing Activities, Total	19.48M	-561K	-6.31M	-7.95M	-1.51M
Cash from Financing	360M	96.22M	461M	552M	-12.95M
Foreign Exchange Rate Adjustments	1.42M	-3.08M	-4.86M	12.46M	1.14M
Net Change in Cash	-101M	-29.85M	95.74M	17.74M	-124M
Supplemental Items
Cash Interest Paid	788K	561K	347K	799K	1.51M
Cash Income Tax Paid (Refund)	-	-	-	83K	55K
Levered Free Cash Flow	-142M	-61.24M	-530M	42.29M	-76.76M
Unlevered Free Cash Flow	-142M	-56.33M	-529M	42.79M	-75.82M
Change In Net Working Capital	-66.36M	-24.9M	363M	37.19M	32.01M
Net Debt Issued / Repaid	341M	96.78M	467M	-12.63M	-13.52M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-15.7	-8.24	-12.78	-32.33	-11.53
Return on Total Capital	-27.23	-15.79	-20.79	-43.1	-16
Return On Equity %	17.53	48.79	47.74	408.68	-112.09
Return on Common Equity	17.53	48.79	47.74	407.95	-111.85
Margin Analysis
Gross Profit Margin %	31.56	34.57	36.58	33.83	34.26
SG&A Margin	93.75	65.41	78.96	144.03	62.86
EBITDA Margin %	-68.4	-32.57	-43.96	-115.92	-31.7
EBITA Margin %	-69.36	-33.64	-44.62	-116.43	-32.17
EBIT Margin %	-72.62	-37	-47.26	-118.71	-34.19
Income From Continuing Operations Margin %	-31.72	-123.26	-132.08	-156.37	-146.2
Net Income Margin %	-33.52	-124.1	-132.08	-155.89	-146.07
Net Avail. For Common Margin %	-31.72	-123.26	-132.08	-155.89	-146.07
Normalized Net Income Margin	-19.42	-77.98	-82.52	-98.49	-21.78
Levered Free Cash Flow Margin	-25.93	-11.55	-80.21	5.47	-10.2
Unlevered Free Cash Flow Margin	-25.85	-10.62	-80.04	5.53	-10.07
Asset Turnover
Asset Turnover	0.35	0.36	0.43	0.44	0.54
Fixed Assets Turnover	23.52	24.24	45.62	37.2	24.75
Receivables Turnover (Average Receivables)	10.35	9.93	11.11	9.55	8.34
Short Term Liquidity
Current Ratio	0.5	0.35	1.12	1.89	1.6
Quick Ratio	0.45	0.33	0.85	1.67	1.38
Operating Cash Flow to Current Liabilities	-0.65	-0.15	-0.78	-0.72	-0.46
Days Sales Outstanding (Average Receivables)	35.25	36.84	32.84	38.22	43.75
Average Days Payable Outstanding	132.92	163.04	91.14	34.04	36.95
Long Term Solvency
Total Debt/Equity	-175.8	-145.56	-155.76	1.39	5.61
Total Debt / Total Capital	231.92	319.5	279.33	1.37	5.31
LT Debt/Equity	-174.83	-136.06	-155.38	0.88	2.59
Long-Term Debt / Total Capital	230.65	298.66	278.65	0.87	2.45
Total Liabilities / Total Assets	171.1	210.54	227.82	22.9	44.67
EBIT / Interest Expense	-575.52	-25	-183.72	-1.15K	-170.03
EBITDA / Interest Expense	-531.51	-21.16	-166.61	-1.11K	-147.9
(EBITDA - Capex) / Interest Expense	-545.82	-21.31	-168.02	-1.11K	-150.11
Total Debt / EBITDA	-5.25	-13.85	-11.42	-0.02	-0.12
Net Debt / EBITDA	-4.58	-12.55	-10.31	0.64	1.73
Total Debt / (EBITDA - Capex)	-5.11	-13.75	-11.32	-0.02	-0.12
Net Debt / (EBITDA - Capex)	-4.46	-12.45	-10.22	0.64	1.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	21.03	-3.29	24.59	17.01	-2.64
Gross Profit, 1 Yr. Growth %	65.86	5.93	31.82	8.23	-1.42
EBITDA, 1 Yr. Growth %	-57.34	-53.96	68.18	208.52	-73.37
EBITA, 1 Yr. Growth %	-56.86	-53.09	65.24	205.31	-73.1
EBIT, 1 Yr. Growth %	-55.72	-50.72	59.13	193.9	-71.96
Earnings From Cont. Operations, 1 Yr. Growth %	-83.61	275.75	33.51	38.53	-8.98
Net Income, 1 Yr. Growth %	-82.83	258.03	32.61	38.1	-8.78
Normalized Net Income, 1 Yr. Growth %	-84.02	288.44	31.85	39.65	-78.47
Diluted EPS Before Extra, 1 Yr. Growth %	-84.11	275.75	39.54	10.68	-26.72
Accounts Receivable, 1 Yr. Growth %	0.42	1.16	21.49	48.25	-13.39
Net Property, Plant and Equip., 1 Yr. Growth %	55.41	-45.77	-11.73	106.02	17.35
Total Assets, 1 Yr. Growth %	-4.93	-7.45	13.54	18.53	-54.96
Tangible Book Value, 1 Yr. Growth %	9.57	19.46	17.32	-112.15	-38.26
Common Equity, 1 Yr. Growth %	24.02	43.88	31.28	-171.53	-67.58
Cash From Operations, 1 Yr. Growth %	20.02	-72.3	183.76	-16.98	-42.83
Capital Expenditures, 1 Yr. Growth %	1.86	-87.62	95.43	159.97	-46.3
Levered Free Cash Flow, 1 Yr. Growth %	-	-56.93	765.56	-107.98	-281.53
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-60.27	839.08	-108.09	-277.2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	8.19	9.77	20.74	6.73
Gross Profit, 2 Yr. CAGR %	-	32.55	18.17	19.44	3.29
EBITDA, 2 Yr. CAGR %	-	-55.68	-12	127.79	-9.36
EBITA, 2 Yr. CAGR %	-	-55.01	-11.96	124.61	-9.38
EBIT, 2 Yr. CAGR %	-	-53.28	-11.44	116.26	-9.21
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-21.52	123.98	36	12.29
Net Income, 2 Yr. CAGR %	-	-21.6	117.89	35.33	12.24
Normalized Net Income, 2 Yr. CAGR %	-	-21.22	126.31	35.69	-45.17
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-22.72	128.98	24.27	-9.94
Accounts Receivable, 2 Yr. CAGR %	-	0.79	10.86	34.2	13.31
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-8.19	-30.81	34.85	55.49
Total Assets, 2 Yr. CAGR %	-	-6.2	2.51	16.01	-26.93
Tangible Book Value, 2 Yr. CAGR %	-	14.41	18.38	-62.25	-72.62
Common Equity, 2 Yr. CAGR %	-	33.58	37.44	-3.09	-51.84
Cash From Operations, 2 Yr. CAGR %	-	-42.34	-11.34	53.49	-31.11
Capital Expenditures, 2 Yr. CAGR %	-	-64.49	-50.81	125.41	18.16
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	93.07	-16.9	-61.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	93.17	-12.85	-62.14
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %