Cash flow LARGAN Precision Co.,Ltd

Equities

3008

TW0003008009

Household Electronics

End-of-day quote Taiwan S.E. Other stock markets 2025-01-15			5-day change	1st Jan Change
2,705.00 ^TWD	+1.69%		+3.64%	+1.12%

Nov. 06	LARGAN Precision Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI
Oct. 28	Largan Precision Logs NT$17.24 Billion January-September Profit	MT

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Published financial data: LARGAN PRECISION CO.,LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	60.75B	55.94B	46.96B	47.68B	48.84B
Total Revenues	60.75B	55.94B	46.96B	47.68B	48.84B
Cost of Goods Sold, Total	18.82B	18.48B	18.81B	21.58B	25.04B
Gross Profit	41.92B	37.47B	28.15B	26.1B	23.81B
Selling General & Admin Expenses, Total	1.68B	1.65B	1.4B	1.54B	1.8B
R&D Expenses	3.76B	3.79B	3.6B	4.15B	4.19B
Other Operating Expenses	-19.2M	-4.6M	-1.02M	12.97M	11.87M
Other Operating Expenses, Total	5.42B	5.44B	5B	5.71B	6B
Operating Income	36.5B	32.03B	23.15B	20.38B	17.81B
Interest Expense, Total	-2.72M	-2.32M	-1.95M	-1.77M	-1.14M
Interest And Investment Income	1.58B	1.3B	951M	1.7B	4.02B
Net Interest Expenses	1.58B	1.3B	949M	1.7B	4.02B
Income (Loss) On Equity Invest.	26.3M	40.59M	149M	241M	212M
Currency Exchange Gains (Loss)	-1.71B	-1.82B	-1.47B	5.23B	-185M
Other Non Operating Income (Expenses)	183M	103M	215M	251M	176M
EBT, Excl. Unusual Items	36.57B	31.66B	22.99B	27.81B	22.03B
Gain (Loss) On Sale Of Investments	9.35M	39.59M	34.14M	20.26M	34.92M
Gain (Loss) On Sale Of Assets	-5.36M	-6.79M	3.99M	-68K	40.21M
Other Unusual Items	-	1.46M	735K	-	-
EBT, Incl. Unusual Items	36.58B	31.69B	23.03B	27.83B	22.1B
Income Tax Expense	8.32B	7.16B	4.36B	5.2B	4.2B
Earnings From Continuing Operations	28.26B	24.53B	18.67B	22.63B	17.9B
Net Income to Company	28.26B	24.53B	18.67B	22.63B	17.9B
Net Income - (IS)	28.26B	24.53B	18.67B	22.63B	17.9B
Net Income to Common Incl Extra Items	28.26B	24.53B	18.67B	22.63B	17.9B
Net Income to Common Excl. Extra Items	28.26B	24.53B	18.67B	22.63B	17.9B
Per Share Items
Net EPS - Basic	210.7	182.9	139.28	169.52	134.13
Basic EPS - Continuing Operations	210.7	182.9	139.28	169.52	134.13
Basic Weighted Average Shares Outstanding	134M	134M	134M	133M	133M
Net EPS - Diluted	208.79	180.94	137.49	166.89	132.62
Diluted EPS - Continuing Operations	208.79	180.94	137.49	166.89	132.62
Diluted Weighted Average Shares Outstanding	135M	136M	136M	136M	135M
Normalized Basic EPS	170.41	147.51	107.17	130.21	103.15
Normalized Diluted EPS	168.87	145.93	105.8	128.2	101.98
Dividend Per Share	79	91.5	70.16	85.5	67.5
Payout Ratio	32.27	43.19	65.74	64.69	54.05
Supplemental Items
EBITDA	40.2B	36.25B	27.75B	25.36B	23.05B
EBITA	36.5B	32.03B	23.15B	20.38B	17.81B
EBIT	36.5B	32.03B	23.15B	20.38B	17.81B
EBITDAR	40.2B	36.25B	27.75B	25.36B	23.05B
Effective Tax Rate - (Ratio)	22.73	22.59	18.91	18.69	19
Total Current Taxes	8.4B	7.18B	4.6B	4.46B	4.5B
Total Deferred Taxes	-88.54M	-24.73M	-247M	745M	-302M
Normalized Net Income	22.86B	19.79B	14.37B	17.38B	13.77B
Interest on Long-Term Debt	2.72M	2.32M	1.95M	1.77M	1.14M
Non-Cash Pension Expense	1.32M	1.17M	808K	739K	1.19M
Supplemental Operating Expense Items
Selling and Marketing Expenses	407M	400M	369M	399M	291M
General and Administrative Expenses	1.27B	1.25B	1.03B	1.15B	1.5B
Research And Development Expense From Footnotes	3.76B	3.79B	3.6B	4.15B	4.19B
Net Rental Expense, Total	2M	378K	364K	385K	361K
Imputed Operating Lease Interest Expense	89.49K	16.74K	19.36K	33.9K	28.43K
Imputed Operating Lease Depreciation	1.92M	361K	345K	351K	333K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	84.92B	89.62B	89.15B	110B	107B
Short Term Investments	113M	41.47M	4.6B	3.34B	6.85B
Trading Asset Securities, Total	7.07B	13.21B	14.37B	1.54B	4.17B
Total Cash And Short Term Investments	92.1B	103B	108B	115B	119B
Accounts Receivable, Total	15.22B	11.17B	9.94B	8.05B	10.09B
Other Receivables	409M	313M	333M	716M	969M
Total Receivables	15.63B	11.48B	10.27B	8.77B	11.06B
Inventory	3.63B	4.03B	5.71B	5.19B	4.59B
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	268M	1.02B	236M	195M	167M
Total Current Assets	112B	119B	124B	129B	134B
Gross Property Plant And Equipment	52.96B	56.44B	62.06B	67B	74.89B
Accumulated Depreciation	-20.16B	-22.47B	-26.97B	-29.03B	-33.67B
Net Property Plant And Equipment	32.79B	33.97B	35.1B	37.98B	41.23B
Long-term Investments	6.65B	15.12B	12.24B	14.18B	15.57B
Other Intangibles, Total	102M	113M	69.8M	149M	239M
Deferred Tax Assets Long-Term	478M	509M	763M	336M	316M
Other Long-Term Assets, Total	2.17B	2.16B	2.2B	3.13B	3.46B
Total Assets	154B	171B	175B	185B	195B
Liabilities
Accounts Payable, Total	1.49B	1.6B	1.68B	1.69B	1.73B
Accrued Expenses, Total	17.09B	18.53B	18.67B	19.56B	19.45B
Short-term Borrowings	219M	250M	-	18.77M	-
Current Portion of Leases	39.8M	43.4M	50.49M	57.7M	52M
Current Income Taxes Payable	4.6B	6.16B	4.42B	4.54B	4.13B
Other Current Liabilities	3.71B	3.65B	7.91B	3.52B	4.15B
Total Current Liabilities	27.15B	30.23B	32.73B	29.39B	29.52B
Long-Term Leases	165M	123M	119M	75.18M	28.56M
Pension & Other Post Retirement Benefits	106M	109M	99.99M	61.28M	66.36M
Deferred Tax Liability Non Current	2.63M	8.69M	15.13M	333M	11.4M
Other Non Current Liabilities	4.5M	3.77M	3.63M	4.01M	3.76M
Total Liabilities	27.43B	30.47B	32.97B	29.86B	29.63B
Common Stock, Total	1.34B	1.34B	1.34B	1.33B	1.33B
Additional Paid In Capital	1.56B	1.56B	1.56B	1.56B	1.56B
Retained Earnings	126B	140B	142B	153B	161B
Treasury Stock	-	-	-1.4B	-	-
Comprehensive Income and Other	-2.14B	-1.75B	-1.64B	-433M	1.74B
Total Common Equity	126B	141B	142B	155B	166B
Total Equity	126B	141B	142B	155B	166B
Total Liabilities And Equity	154B	171B	175B	185B	195B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	134M	134M	133M	133M	133M
ECS Total Common Shares Outstanding	134M	134M	133M	133M	133M
Book Value / Share	942.25	1.05K	1.06K	1.16K	1.24K
Tangible Book Value	126B	141B	142B	155B	165B
Tangible Book Value Per Share	941.5	1.05K	1.06K	1.16K	1.24K
Total Debt	423M	416M	170M	152M	80.56M
Net Debt	-91.68B	-102B	-108B	-115B	-118B
Debt Equivalent of Unfunded Proj. Benefit Obligation	106M	109M	99.99M	61.28M	66.36M
Debt Equivalent Oper. Leases	16.04M	3.02M	2.91M	3.08M	2.89M
Equity Method Investments, Total	230M	273M	439M	760M	1.37B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	956M	1.19B	1.26B	1.44B	961M
Inventories - Work In Process, Total	358M	480M	503M	532M	1B
Inventories - Finished Goods, Total	2.25B	2.26B	3.84B	3.09B	2.48B
Inventories - Others	66.88M	97.83M	107M	138M	154M
Land - (BS)	8.17B	8.22B	8.22B	9.21B	9.21B
Buildings, Total	6.48B	6.63B	6.68B	6.72B	8.23B
Machinery, Total	36.77B	39.84B	44.47B	45.82B	50.14B
Full Time Employees	7.72K	-	-	-	-
Assets on Operating Lease - Gross	54.9M	54.9M	54.9M	54.9M	54.9M
Assets on Operating Lease - Accumulated Depreciation	-21.24M	-21.24M	-22.06M	-22.46M	-22.87M
Accumulated Allowance for Doubtful Accounts (Supple)	3.61M	3.54M	3.51M	3.64M	3.64M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	28.26B	24.53B	18.67B	22.63B	17.9B
Depreciation & Amortization - CF	3.74B	4.26B	4.65B	5.03B	5.3B
Depreciation & Amortization, Total	3.74B	4.26B	4.65B	5.03B	5.3B
Amortization of Deferred Charges, Total - (CF)	72.22M	85.27M	95.05M	86.98M	123M
(Gain) Loss From Sale Of Asset	5.36M	6.79M	-3.99M	68K	-40.21M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-26.3M	-40.59M	-149M	-241M	-212M
Other Operating Activities, Total	22.56M	1.7B	-1.98B	352M	-876M
Change in Trading Asset Securities	-5.78B	-6.14B	-1.16B	12.83B	-2.62B
Change In Accounts Receivable	-4.54B	4.05B	1.22B	1.89B	-2.04B
Change In Inventories	262M	-395M	-1.68B	517M	600M
Change In Accounts Payable	-316M	111M	76.98M	12.86M	40.51M
Change in Other Net Operating Assets	3.93B	883M	1.15B	1.11B	26.12M
Cash from Operations	25.63B	29.05B	20.88B	44.21B	18.2B
Capital Expenditure	-8.5B	-5.77B	-5.91B	-8.26B	-8.24B
Sale of Property, Plant, and Equipment	3.51M	1.67M	59.02M	505K	156M
Sale (Purchase) of Intangible assets	-62.28M	-91.87M	-47.03M	-165M	-213M
Investment in Marketable and Equity Securities, Total	-	-8.52B	-1.19B	-443M	-2.63B
Other Investing Activities, Total	-5.78B	327M	-52.54M	-929M	-231M
Cash from Investing	-14.33B	-14.06B	-7.14B	-9.79B	-11.15B
Short Term Debt Issued, Total	-	23.62M	-	18.82M	-
Total Debt Issued	-	23.62M	-	18.82M	-
Short Term Debt Repaid, Total	-318M	-	-252M	-	-18.82M
Long-Term Debt Repaid, Total	-39.13M	-40.73M	-45.4M	-56.27M	-59.43M
Total Debt Repaid	-357M	-40.73M	-297M	-56.27M	-78.25M
Repurchase of Common Stock	-	-	-1.4B	-	-
Common Dividends Paid	-9.12B	-10.6B	-12.27B	-14.64B	-9.68B
Common & Preferred Stock Dividends Paid	-9.12B	-10.6B	-12.27B	-14.64B	-9.68B
Other Financing Activities, Total	1.07M	1.8M	2.19M	377K	4.44M
Cash from Financing	-9.48B	-10.61B	-13.97B	-14.67B	-9.75B
Foreign Exchange Rate Adjustments	-302M	320M	-237M	1.28B	20.98M
Net Change in Cash	1.52B	4.7B	-472M	21.02B	-2.68B
Supplemental Items
Cash Interest Paid	2.72M	2.32M	1.95M	1.77M	1.14M
Cash Income Tax Paid (Refund)	8.23B	5.49B	6.35B	4.46B	4.82B
Levered Free Cash Flow	17.52B	24.54B	16.32B	8.13B	6.59B
Unlevered Free Cash Flow	17.52B	24.55B	16.32B	8.13B	6.59B
Change In Net Working Capital	544M	-6.04B	-3.06B	1.31B	1.51B
Net Debt Issued / Repaid	-357M	-17.12M	-297M	-37.45M	-78.25M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	15.93	12.32	8.36	7.08	5.86
Return on Total Capital	19.42	14.94	10.22	8.57	6.94
Return On Equity %	24.16	18.36	13.22	15.24	11.17
Return on Common Equity	24.16	18.36	13.22	15.24	11.17
Margin Analysis
Gross Profit Margin %	69.01	66.97	59.94	54.74	48.74
SG&A Margin	2.76	2.94	2.98	3.24	3.68
EBITDA Margin %	66.17	64.79	59.09	53.19	47.19
EBITA Margin %	60.09	57.26	49.29	42.76	36.46
EBIT Margin %	60.09	57.26	49.29	42.76	36.46
Income From Continuing Operations Margin %	46.53	43.85	39.76	47.46	36.65
Net Income Margin %	46.53	43.85	39.76	47.46	36.65
Net Avail. For Common Margin %	46.53	43.85	39.76	47.46	36.65
Normalized Net Income Margin	37.63	35.37	30.59	36.45	28.19
Levered Free Cash Flow Margin	28.84	43.87	34.74	17.04	13.49
Unlevered Free Cash Flow Margin	28.84	43.88	34.75	17.05	13.49
Asset Turnover
Asset Turnover	0.42	0.34	0.27	0.27	0.26
Fixed Assets Turnover	2	1.68	1.36	1.3	1.23
Receivables Turnover (Average Receivables)	4.55	4.24	4.45	5.3	5.38
Inventory Turnover (Average Inventory)	5	4.83	3.87	3.96	5.12
Short Term Liquidity
Current Ratio	4.11	3.95	3.8	4.4	4.55
Quick Ratio	3.97	3.78	3.62	4.21	4.39
Operating Cash Flow to Current Liabilities	0.94	0.96	0.64	1.5	0.62
Days Sales Outstanding (Average Receivables)	80.24	86.32	82.01	68.86	67.79
Days Outstanding Inventory (Average Inventory)	72.95	75.84	94.42	92.17	71.3
Average Days Payable Outstanding	32.41	29.98	29.21	29.19	25.55
Cash Conversion Cycle (Average Days)	120.78	132.18	147.23	131.84	113.54
Long Term Solvency
Total Debt/Equity	0.33	0.3	0.12	0.1	0.05
Total Debt / Total Capital	0.33	0.29	0.12	0.1	0.05
LT Debt/Equity	0.13	0.09	0.08	0.05	0.02
Long-Term Debt / Total Capital	0.13	0.09	0.08	0.05	0.02
Total Liabilities / Total Assets	17.83	17.79	18.87	16.14	15.18
EBIT / Interest Expense	13.4K	13.79K	11.89K	11.53K	15.58K
EBITDA / Interest Expense	14.78K	15.62K	14.28K	14.38K	20.22K
(EBITDA - Capex) / Interest Expense	11.66K	13.14K	11.24K	9.7K	13.01K
Total Debt / EBITDA	0.01	0.01	0.01	0.01	0
Net Debt / EBITDA	-2.28	-2.82	-3.88	-4.52	-5.13
Total Debt / (EBITDA - Capex)	0.01	0.01	0.01	0.01	0.01
Net Debt / (EBITDA - Capex)	-2.89	-3.36	-4.93	-6.7	-7.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	21.61	-7.9	-16.06	1.52	2.45
Gross Profit, 1 Yr. Growth %	22.02	-10.62	-24.87	-7.29	-8.78
EBITDA, 1 Yr. Growth %	23.89	-9.82	-23.44	-8.62	-9.11
EBITA, 1 Yr. Growth %	23.26	-12.24	-27.73	-11.94	-12.64
EBIT, 1 Yr. Growth %	23.26	-12.24	-27.73	-11.94	-12.64
Earnings From Cont. Operations, 1 Yr. Growth %