OPTIMA AUTOMOBILE GROUP HOLDINGS LIMITED

Income Statement Optima Automobile Group Holdings Limited

Equities

8418

KYG677201058

Personal Services

Market Closed - Hong Kong S.E. Other stock markets 04:08:05 2024-09-13 am EDT			5-day change	1st Jan Change
0.5600 ^HKD	0.00%		-5.08%	+9.80%

Aug. 28	Optima Automobile Group Holdings Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Aug. 22	Optima Automobile Group Holdings Limited Announces Change of Address of Principal Place of Business in Hong Kong	CI

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Published financial data: OPTIMA AUTOMOBILE GROUP HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	16.63M	22.3M	57.14M	81.58M	105M
Other Revenues, Total	142K	-	-	-	-
Total Revenues	16.78M	22.3M	57.14M	81.58M	105M
Cost of Goods Sold, Total	4.63M	13.65M	47.4M	70.8M	93.16M
Gross Profit	12.15M	8.65M	9.74M	10.78M	11.9M
Selling General & Admin Expenses, Total	5.93M	4.72M	5.88M	6.85M	6.82M
Provision for Bad Debts	351K	823K	-282K	-250K	32K
Depreciation & Amortization - (IS)	3.59M	2.92M	3M	3.62M	3.55M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	62K	94K	-
Other Operating Expenses	1.8M	1.22M	1.82M	1.98M	1.92M
Other Operating Expenses, Total	11.67M	9.68M	10.47M	12.29M	12.32M
Operating Income	477K	-1.04M	-729K	-1.51M	-422K
Interest Expense, Total	-376K	-312K	-413K	-433K	-366K
Interest And Investment Income	-	-	3K	6K	12K
Net Interest Expenses	-376K	-312K	-410K	-427K	-354K
Income (Loss) On Equity Invest.	-	-12K	-21K	153K	130K
Currency Exchange Gains (Loss)	-	159K	-	1K	-
Other Non Operating Income (Expenses)	-	120K	355K	-482K	92K
EBT, Excl. Unusual Items	101K	-1.08M	-805K	-2.27M	-554K
Gain (Loss) On Sale Of Investments	-	-	-90K	-	-918K
Gain (Loss) On Sale Of Assets	115K	-8K	42K	151K	278K
Asset Writedown	-234K	-170K	404K	-	-
Other Unusual Items	-1.96M	600K	2K	186K	-
EBT, Incl. Unusual Items	-1.98M	-658K	-447K	-1.93M	-1.19M
Income Tax Expense	176K	131K	212K	-88K	79K
Earnings From Continuing Operations	-2.16M	-789K	-659K	-1.84M	-1.27M
Earnings Of Discontinued Operations	-	-	-	-	-220K
Net Income to Company	-2.16M	-789K	-659K	-1.84M	-1.49M
Minority Interest	-	-	233K	353K	233K
Net Income - (IS)	-2.16M	-789K	-426K	-1.49M	-1.26M
Net Income to Common Incl Extra Items	-2.16M	-789K	-426K	-1.49M	-1.26M
Net Income to Common Excl. Extra Items	-2.16M	-789K	-426K	-1.49M	-1.04M
Per Share Items
Net EPS - Basic	-0	-0	-0	-0	-0
Basic EPS - Continuing Operations	-0	-0	-0	-0	-0
Basic Weighted Average Shares Outstanding	656M	850M	850M	850M	850M
Net EPS - Diluted	-0	-0	-0	-0	-0
Diluted EPS - Continuing Operations	-0	-0	-0	-0	-0
Diluted Weighted Average Shares Outstanding	656M	850M	850M	850M	850M
Normalized Basic EPS	0	-0	-0	-0	-0
Normalized Diluted EPS	0	-0	-0	-0	-0
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	809K	-726K	-269K	-296K	1.3M
EBITA	477K	-1.04M	-729K	-1.51M	-422K
EBIT	477K	-1.04M	-729K	-1.51M	-422K
EBITDAR	943K	-519K	-230K	-235K	1.34M
Effective Tax Rate - (Ratio)	-8.88	-19.91	-47.43	4.56	-6.62
Current Domestic Taxes	702K	143K	267K	-118K	-37K
Current Foreign Taxes	-	-	57K	53K	116K
Total Current Taxes	702K	143K	324K	-65K	79K
Deferred Domestic Taxes	-526K	-12K	-	-23K	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-526K	-12K	-112K	-23K	-
Normalized Net Income	63.12K	-675K	-270K	-1.06M	-113K
Interest on Long-Term Debt	376K	306K	313K	194K	179K
Supplemental Operating Expense Items
Marketing Expenses	155K	293K	424K	474K	443K
Selling and Marketing Expenses	155K	293K	424K	474K	443K
Research And Development Expense From Footnotes	-	-	239K	495K	91K
Net Rental Expense, Total	134K	207K	39K	61K	49K
Imputed Operating Lease Interest Expense	50.52K	65.74K	12.65K	18.31K	14.1K
Imputed Operating Lease Depreciation	83.48K	141K	26.35K	42.69K	34.9K
Maintenance & Repair Expenses, Total	-	858K	807K	1.07M	850K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	6.34M	3.33M	4.49M	4.77M	4.87M
Short Term Investments	971K	2.08M	3.78M	1.48M	838K
Total Cash And Short Term Investments	7.31M	5.41M	8.27M	6.25M	5.71M
Accounts Receivable, Total	2.62M	2.01M	1.42M	2.06M	3.04M
Other Receivables	-	-	-	-	-
Total Receivables	2.62M	2.01M	1.42M	2.06M	3.04M
Inventory	1M	1.09M	2.2M	2.11M	1.75M
Total Current Assets	10.94M	8.51M	11.89M	10.41M	10.5M
Gross Property Plant And Equipment	14.37M	14.72M	18.9M	21.02M	21.74M
Accumulated Depreciation	-3.22M	-3.56M	-5.5M	-8.02M	-9.5M
Net Property Plant And Equipment	11.14M	11.16M	13.4M	13M	12.24M
Long-term Investments	-	2.7M	1.83M	1.61M	-
Other Intangibles, Total	-	-	403K	300K	-
Other Long-Term Assets, Total	1.15M	194K	256K	292K	71K
Total Assets	23.23M	22.56M	27.77M	25.61M	22.81M
Liabilities
Accounts Payable, Total	684K	652K	726K	1.02M	1.12M
Accrued Expenses, Total	-	-	106K	85K	54K
Short-term Borrowings	-	-	2.52M	1.08M	253K
Current Portion of Long-Term Debt	169K	174K	569K	1.45M	1.49M
Current Portion of Leases	3.65M	3.5M	2.98M	1.83M	1.44M
Current Income Taxes Payable	689K	538K	568K	175K	214K
Unearned Revenue Current, Total	215K	1.14M	1.63M	1.8M	1.97M
Other Current Liabilities	1.74M	1.56M	1.73M	1.9M	3.66M
Total Current Liabilities	7.15M	7.58M	10.82M	9.34M	10.21M
Long-Term Debt	641K	463K	3.93M	4.02M	3.52M
Long-Term Leases	3.61M	3.5M	2.33M	2.38M	2.9M
Deferred Tax Liability Non Current	109K	97K	62K	39K	-
Other Non Current Liabilities	-	-	-	1.49M	-
Total Liabilities	11.51M	11.64M	17.15M	17.26M	16.63M
Common Stock, Total	1.5M	1.5M	1.5M	1.5M	1.5M
Additional Paid In Capital	7.19M	7.19M	7.19M	7.19M	7.19M
Retained Earnings	496K	-293K	-719K	-2.21M	-3.47M
Comprehensive Income and Other	2.54M	2.54M	1.93M	1.54M	965K
Total Common Equity	11.72M	10.93M	9.9M	8.01M	6.18M
Minority Interest	-	-	727K	338K	-
Total Equity	11.72M	10.93M	10.62M	8.35M	6.18M
Total Liabilities And Equity	23.23M	22.56M	27.77M	25.61M	22.81M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	850M	850M	850M	850M	850M
ECS Total Common Shares Outstanding	850M	850M	850M	850M	850M
Book Value / Share	0.01	0.01	0.01	0.01	0.01
Tangible Book Value	11.72M	10.93M	9.49M	7.71M	6.18M
Tangible Book Value Per Share	0.01	0.01	0.01	0.01	0.01
Total Debt	8.08M	7.64M	12.33M	10.75M	9.61M
Net Debt	762K	2.23M	4.06M	4.51M	3.89M
Debt Equivalent Oper. Leases	1.07M	1.66M	312K	488K	392K
Minority Interest, Total (Incl. Fin. Div)	-	-	727K	338K	-
Equity Method Investments, Total	-	2.7M	1.83M	1.61M	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	1M	1.09M	2.2M	2.11M	1.75M
Machinery, Total	2.87M	3.55M	8.96M	12.9M	14.88M
Full Time Employees	108	96	121	126	105
Part Time Employees	-	-	-	6	-
Accumulated Allowance for Doubtful Accounts (Supple)	413K	1.07M	767K	516K	548K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-2.16M	-789K	-426K	-1.49M	-1.26M
Depreciation & Amortization - CF	3.59M	2.92M	3M	3.62M	3.56M
Depreciation & Amortization, Total	3.59M	2.92M	3M	3.62M	3.56M
Amortization of Deferred Charges, Total - (CF)	-	-	62K	94K	91K
(Gain) Loss From Sale Of Asset	-115K	8K	-42K	-151K	-278K
(Gain) Loss on Sale of Investments - (CF)	-	-	90K	-	918K
Asset Writedown & Restructuring Costs	234K	173K	-404K	-	7K
(Income) Loss On Equity Investments - (CF)	-	12K	21K	-153K	-130K
Provision and Write-off of Bad Debts	307K	781K	-282K	-250K	47K
Net Cash From Discontinued Operations	-	-	-	-	-519K
Other Operating Activities, Total	-167K	-189K	-74K	-197K	60K
Change In Accounts Receivable	389K	-325K	1.34M	805K	-880K
Change In Inventories	10K	-86K	-1.05M	85K	190K
Change In Accounts Payable	-1.36M	308K	1.08M	-194K	1.03M
Cash from Operations	729K	2.81M	3.32M	2.17M	2.84M
Capital Expenditure	-255K	-486K	-2.46M	-1.29M	-960K
Sale of Property, Plant, and Equipment	187K	21K	-	705K	1.12M
Cash Acquisitions	-	-	-1.06M	-	-
Divestitures	-	-	-	-	660K
Investment in Marketable and Equity Securities, Total	-	-2.72M	-	-	-
Other Investing Activities, Total	-147K	-47K	-1.06M	310K	-161K
Cash from Investing	-215K	-3.23M	-4.57M	-273K	654K
Short Term Debt Issued, Total	-	407K	2.52M	79K	-
Long-Term Debt Issued, Total	-	-	4.5M	1.82M	-
Total Debt Issued	-	407K	7.02M	1.9M	-
Short Term Debt Repaid, Total	-	-	-407K	-20K	-
Long-Term Debt Repaid, Total	-4.18M	-3M	-4.21M	-4.05M	-3.72M
Total Debt Repaid	-4.18M	-3M	-4.62M	-4.07M	-3.72M
Issuance of Common Stock	10.57M	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-3.6M	-	-	-	327K
Cash from Financing	2.8M	-2.6M	2.4M	-2.17M	-3.39M
Foreign Exchange Rate Adjustments	-	-	18K	550K	3K
Net Change in Cash	3.31M	-3.01M	1.16M	274K	106K
Supplemental Items
Cash Interest Paid	376K	306K	313K	348K	310K
Cash Income Tax Paid (Refund)	343K	294K	294K	318K	40K
Levered Free Cash Flow	3.58M	2.69M	649K	1.02M	3.62M
Unlevered Free Cash Flow	3.81M	2.88M	907K	1.29M	3.85M
Change In Net Working Capital	-175K	-1.09M	-758K	183K	-1.42M
Net Debt Issued / Repaid	-4.18M	-2.6M	2.4M	-2.17M	-3.72M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.39	-2.82	-1.81	-3.54	-1.09
Return on Total Capital	1.72	-3.37	-2.17	-4.49	-1.51
Return On Equity %	-23.16	-6.97	-6.12	-19.41	-17.52
Return on Common Equity	-23.16	-6.97	-4.09	-16.62	-14.65
Margin Analysis
Gross Profit Margin %	72.42	38.78	17.05	13.21	11.33
SG&A Margin	35.34	21.17	10.29	8.4	6.49
EBITDA Margin %	4.82	-3.26	-0.47	-0.36	1.23
EBITA Margin %	2.84	-4.64	-1.28	-1.85	-0.4
EBIT Margin %	2.84	-4.64	-1.28	-1.85	-0.4
Income From Continuing Operations Margin %	-12.86	-3.54	-1.15	-2.26	-1.21
Net Income Margin %	-12.86	-3.54	-0.75	-1.82	-1.2
Net Avail. For Common Margin %	-12.86	-3.54	-0.75	-1.82	-0.99
Normalized Net Income Margin	0.38	-3.03	-0.47	-1.3	-0.11
Levered Free Cash Flow Margin	21.31	12.04	1.14	1.26	3.45
Unlevered Free Cash Flow Margin	22.71	12.92	1.59	1.59	3.67
Asset Turnover
Asset Turnover	0.78	0.97	2.27	3.06	4.34
Fixed Assets Turnover	1.57	2	4.65	6.18	8.33
Receivables Turnover (Average Receivables)	5.26	9.61	33.27	46.92	41.24
Inventory Turnover (Average Inventory)	4.58	13.04	28.86	32.91	48.3
Short Term Liquidity
Current Ratio	1.53	1.12	1.1	1.12	1.03
Quick Ratio	1.39	0.98	0.9	0.89	0.86
Operating Cash Flow to Current Liabilities	0.1	0.37	0.31	0.23	0.28
Days Sales Outstanding (Average Receivables)	69.36	38.07	10.97	7.78	8.85
Days Outstanding Inventory (Average Inventory)	79.61	28.07	12.65	11.09	7.56
Average Days Payable Outstanding	56.62	17.8	5.18	4.52	4.21
Cash Conversion Cycle (Average Days)	92.36	48.34	18.43	14.35	12.2
Long Term Solvency
Total Debt/Equity	68.9	69.93	116.03	128.75	155.39
Total Debt / Total Capital	40.79	41.15	53.71	56.28	60.84
LT Debt/Equity	36.29	36.27	58.96	76.54	103.79
Long-Term Debt / Total Capital	21.49	21.35	27.29	33.46	40.64
Total Liabilities / Total Assets	49.55	51.57	61.75	67.39	72.9
EBIT / Interest Expense	1.27	-3.32	-1.77	-3.49	-1.15
EBITDA / Interest Expense	10.82	6.04	5.5	4.86	8.59
(EBITDA - Capex) / Interest Expense	10.14	4.48	-0.45	1.89	5.96
Total Debt / EBITDA	1.98	4.06	5.43	5.11	3.06
Net Debt / EBITDA	0.19	1.18	1.79	2.14	1.24
Total Debt / (EBITDA - Capex)	2.12	5.47	-66.27	13.16	4.4
Net Debt / (EBITDA - Capex)	0.2	1.6	-21.8	5.52	1.78
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %