Cash flow Sitoy Group Holdings Limited

Equities

1023

KYG8190E1052

Apparel & Accessories

Market Closed - Hong Kong S.E. Other stock markets 04:08:30 2024-09-12 am EDT			5-day change	1st Jan Change
0.5600 ^HKD	-1.75%		+5.66%	-37.08%

Feb. 26	Sitoy Group Halves Fiscal H1 Profit	MT
Feb. 26	Sitoy Group Holdings Limited Announces Interim Dividend for the Six Months Ended 31 December 2023, Payable on 29 April 2024	CI

13cbe87e6f9d424e3c8532b.1lRNcoI3ZXgQuzUVpHiYTPkJi_Ttkml4p-0B9QM_P5M.jBIFOu1lEhlhw3whnQnTE4B5yce91Aw66qI5smRcC8GDEnVA4EI0EVbkXg

Published financial data: SITOY GROUP HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2019	2020	2021	2022	2023
Revenues	2.44B	1.81B	1.42B	1.85B	1.83B
Total Revenues	2.44B	1.81B	1.42B	1.85B	1.83B
Cost of Goods Sold, Total	1.75B	1.37B	1.02B	1.31B	1.22B
Gross Profit	695M	439M	406M	534M	606M
Selling General & Admin Expenses, Total	580M	534M	491M	374M	389M
Provision for Bad Debts	-	-	-	6.11M	97K
Other Operating Expenses	11.58M	11.35M	8.41M	759K	1.14M
Other Operating Expenses, Total	592M	545M	500M	381M	390M
Operating Income	104M	-106M	-93.29M	153M	216M
Interest Expense, Total	-4.79M	-11.37M	-8.74M	-5.54M	-3.06M
Interest And Investment Income	7.22M	8.1M	8.32M	7.15M	7.86M
Net Interest Expenses	2.43M	-3.28M	-425K	1.61M	4.8M
Currency Exchange Gains (Loss)	9.09M	18.69M	-59.8M	15.6M	40.4M
Other Non Operating Income (Expenses)	15.92M	29.3M	32.75M	14.84M	9.58M
EBT, Excl. Unusual Items	131M	-61.61M	-121M	185M	271M
Merger & Related Restructuring Charges	-7.17M	-	-	-	-
Impairment of Goodwill	-	-2.35M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-3.68M	-1.28M	-497K	-4.57M
Asset Writedown	36.94M	-54.85M	-13.22M	-200K	-7.3M
EBT, Incl. Unusual Items	161M	-122M	-135M	185M	259M
Income Tax Expense	48.14M	27.68M	18.39M	34.32M	55.86M
Earnings From Continuing Operations	113M	-150M	-154M	150M	203M
Earnings Of Discontinued Operations	-	-	-	-38.86M	-
Net Income to Company	113M	-150M	-154M	112M	203M
Minority Interest	12.78M	17.34M	3.41M	117K	-
Net Income - (IS)	126M	-133M	-150M	112M	203M
Net Income to Common Incl Extra Items	126M	-133M	-150M	112M	203M
Net Income to Common Excl. Extra Items	126M	-133M	-150M	150M	203M
Per Share Items
Net EPS - Basic	0.13	-0.14	-0.16	0.12	0.21
Basic EPS - Continuing Operations	0.13	-0.14	-0.16	0.16	0.21
Basic Weighted Average Shares Outstanding	968M	960M	963M	963M	964M
Net EPS - Diluted	0.13	-0.14	-0.16	0.12	0.21
Diluted EPS - Continuing Operations	0.13	-0.14	-0.16	0.16	0.21
Diluted Weighted Average Shares Outstanding	973M	960M	963M	965M	964M
Normalized Basic EPS	0.1	-0.02	-0.07	0.12	0.18
Normalized Diluted EPS	0.1	-0.02	-0.07	0.12	0.18
Dividend Per Share	0.08	0.02	0.02	0.06	0.11
Payout Ratio	91.45	-28.9	-12.76	17.25	18.99
Supplemental Items
EBITDA	154M	-59.47M	-53.56M	191M	248M
EBITA	106M	-105M	-93.04M	154M	216M
EBIT	104M	-106M	-93.29M	153M	216M
EBITDAR	234M	-31.34M	-22.74M	199M	263M
Effective Tax Rate - (Ratio)	29.92	-22.6	-13.6	18.58	21.6
Current Domestic Taxes	43.49M	-	-	-	-
Total Current Taxes	43.49M	23.96M	20.89M	16.78M	53.31M
Deferred Domestic Taxes	5.84M	-	-	-	-
Deferred Foreign Taxes	-1.18M	-	-	-	-
Total Deferred Taxes	4.65M	3.72M	-2.5M	17.55M	2.55M
Normalized Net Income	94.75M	-21.16M	-72.07M	116M	169M
Interest on Long-Term Debt	-	4.7M	3.63M	2.65M	2.52M
Supplemental Operating Expense Items
Selling and Marketing Expenses	282M	230M	214M	156M	177M
General and Administrative Expenses	298M	297M	274M	217M	206M
Net Rental Expense, Total	80.16M	28.13M	30.82M	7.97M	14.67M
Imputed Operating Lease Interest Expense	-	10M	7.75M	2.21M	4.6M
Imputed Operating Lease Depreciation	-	18.13M	23.07M	5.76M	10.07M
Stock-Based Comp., Other (Total)	10.84M	5.14M	2.14M	-	2.82M
Total Stock-Based Compensation	10.84M	5.14M	2.14M	-	2.82M

Fiscal Period: June	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	407M	518M	478M	315M	404M
Short Term Investments	26.7M	29.12M	29.14M	27.32M	22.11M
Total Cash And Short Term Investments	433M	547M	507M	342M	426M
Accounts Receivable, Total	486M	271M	230M	383M	382M
Total Receivables	486M	271M	230M	383M	382M
Inventory	394M	280M	286M	287M	214M
Prepaid Expenses	19.35M	56.8M	14.47M	8.57M	8.91M
Other Current Assets, Total	63.8M	23.52M	66.97M	93.66M	56.51M
Total Current Assets	1.4B	1.18B	1.1B	1.11B	1.09B
Gross Property Plant And Equipment	1.57B	1.66B	1.66B	1.5B	1.43B
Accumulated Depreciation	-423M	-451M	-513M	-426M	-394M
Net Property Plant And Equipment	1.14B	1.21B	1.15B	1.08B	1.03B
Long-term Investments	14M	9.53M	9.64M	-	-
Goodwill	2.35M	-	-	-	-
Other Intangibles, Total	20.43M	-	7.98M	2.42M	2.42M
Deferred Tax Assets Long-Term	33.21M	28.97M	38.94M	20.84M	15.32M
Deferred Charges Long-Term	-	8.96M	-	-	-
Other Long-Term Assets, Total	23.4M	13.54M	12.37M	554K	163K
Total Assets	2.63B	2.45B	2.32B	2.22B	2.14B
Liabilities
Accounts Payable, Total	222M	134M	210M	225M	162M
Accrued Expenses, Total	96.38M	74.55M	74.46M	54.86M	50.27M
Short-term Borrowings	166M	201M	127M	62.54M	-
Current Portion of Leases	-	55.19M	41.62M	23.87M	23.45M
Current Income Taxes Payable	22.86M	16.59M	19.06M	11.34M	51.99M
Unearned Revenue Current, Total	11.49M	9.08M	8.28M	8.92M	7.98M
Other Current Liabilities	48.06M	30.21M	36.68M	32.5M	33.31M
Total Current Liabilities	567M	520M	517M	419M	329M
Long-Term Leases	-	89.73M	42.56M	22.19M	24.06M
Unearned Revenue Non Current	3.26M	2.73M	2.49M	1.92M	1.11M
Deferred Tax Liability Non Current	1.83M	7.29M	7.53M	7.14M	5.16M
Total Liabilities	572M	620M	570M	451M	359M
Common Stock, Total	96.54M	96.54M	96.54M	96.54M	96.54M
Additional Paid In Capital	924M	923M	922M	922M	925M
Retained Earnings	1.13B	956M	758M	840M	947M
Treasury Stock	-19.91M	-13.38M	-6.38M	-6.38M	-
Comprehensive Income and Other	-62.56M	-107M	-27.89M	-87.05M	-189M
Total Common Equity	2.07B	1.86B	1.74B	1.77B	1.78B
Minority Interest	-5.21M	-22.55M	6.79M	-	-
Total Equity	2.06B	1.83B	1.75B	1.77B	1.78B
Total Liabilities And Equity	2.63B	2.45B	2.32B	2.22B	2.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	957M	960M	960M	960M	965M
ECS Total Common Shares Outstanding	957M	960M	960M	960M	965M
Book Value / Share	2.16	1.93	1.81	1.84	1.84
Tangible Book Value	2.04B	1.86B	1.73B	1.76B	1.78B
Tangible Book Value Per Share	2.13	1.93	1.81	1.84	1.84
Total Debt	166M	346M	211M	109M	47.51M
Net Debt	-267M	-201M	-296M	-234M	-378M
Debt Equivalent Oper. Leases	641M	225M	247M	63.73M	117M
Minority Interest, Total (Incl. Fin. Div)	-5.21M	-22.55M	6.79M	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	54.69M	85.53M	82.02M	61.32M	34.19M
Inventories - Work In Process, Total	115M	84.38M	96.18M	96.6M	72.35M
Inventories - Finished Goods, Total	266M	252M	203M	155M	119M
Buildings, Total	434M	433M	460M	424M	402M
Machinery, Total	302M	297M	313M	236M	186M
Full Time Employees	7.59K	5.47K	3.78K	4.5K	4.5K
Assets on Operating Lease - Gross	733M	711M	700M	700M	692M
Accumulated Allowance for Doubtful Accounts (Supple)	2.51M	2.32M	3.72M	6.46M	4.98M

Fiscal Period: June	2019	2020	2021	2022	2023
Net Income	126M	-133M	-150M	112M	203M
Depreciation & Amortization - CF	47.56M	97.08M	82.55M	72.67M	62.18M
Amortization of Goodwill and Intangible Assets - (CF)	2.37M	1.25M	253K	253K	-
Depreciation & Amortization, Total	49.94M	98.33M	82.8M	72.93M	62.18M
Amortization of Deferred Charges, Total - (CF)	422K	-	-	-	-
(Gain) Loss From Sale Of Asset	2.6M	3.68M	1.28M	497K	4.57M
(Gain) Loss on Sale of Investments - (CF)	-	-	4.52M	-	-
Asset Writedown & Restructuring Costs	-33.94M	57.2M	13.22M	200K	7.3M
Stock-Based Compensation (CF)	10.84M	5.14M	2.14M	-	2.82M
Provision and Write-off of Bad Debts	2.51M	-190K	1.4M	6.04M	97K
Net Cash From Discontinued Operations	-	-	-	-33.79M	-
Other Operating Activities, Total	36.79M	73.88M	-53.41M	34.69M	29.11M
Change In Accounts Receivable	45.71M	218M	49.35M	-167M	6.37M
Change In Inventories	-10.08M	1.54M	45.66M	-48.93M	58.56M
Change In Accounts Payable	-21.56M	-83.07M	86.36M	21.17M	-50.45M
Change in Other Net Operating Assets	-5.64M	-44.69M	30.44M	-27.01M	-39.52M
Cash from Operations	203M	197M	114M	-29.98M	284M
Capital Expenditure	-14.54M	-19.5M	-13.89M	-12.98M	-14.66M
Sale of Property, Plant, and Equipment	317K	331K	493K	2.15M	1.87M
Cash Acquisitions	-52.71M	-	-800K	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-3.3M	-3.35M	-224K	-	-
Investment in Marketable and Equity Securities, Total	34M	1.67M	368K	-	-
Other Investing Activities, Total	-	-	-	42.44M	6.57M
Cash from Investing	-36.23M	-20.85M	-14.05M	31.61M	-6.23M
Short Term Debt Issued, Total	149M	125M	100M	205M	-
Total Debt Issued	149M	125M	100M	205M	-
Short Term Debt Repaid, Total	-70.57M	-90.42M	-180M	-267M	-62.64M
Long-Term Debt Repaid, Total	-44.43M	-36.69M	-42.23M	-37.13M	-27.89M
Total Debt Repaid	-115M	-127M	-222M	-304M	-90.54M
Repurchase of Common Stock	-110M	-	-	-	-
Common Dividends Paid	-115M	-38.39M	-19.17M	-19.25M	-38.51M
Common & Preferred Stock Dividends Paid	-115M	-38.39M	-19.17M	-19.25M	-38.51M
Special Dividend Paid	-	-	-28.96M	-9.63M	-57.76M
Other Financing Activities, Total	-4.79M	-11.37M	-8.74M	-28.93M	18.16M
Cash from Financing	-195M	-51.64M	-179M	-157M	-169M
Foreign Exchange Rate Adjustments	-12.38M	-13.58M	36.16M	-7.88M	-19.89M
Miscellaneous Cash Flow Adjustments	-	-	2.92M	-	-
Net Change in Cash	-40.77M	111M	-40M	-163M	89.07M
Supplemental Items
Cash Interest Paid	4.79M	11.37M	8.74M	7.29M	3.06M
Cash Income Tax Paid (Refund)	31.94M	44.76M	15.91M	22.11M	12.77M
Levered Free Cash Flow	111M	202M	126M	-38.32M	263M
Unlevered Free Cash Flow	114M	209M	132M	-34.85M	265M
Change In Net Working Capital	-5.63M	-195M	-119M	191M	-80.16M
Net Debt Issued / Repaid	33.89M	-1.88M	-122M	-98.98M	-90.54M

Fiscal Period: June	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.5	-2.61	-2.44	4.23	6.19
Return on Total Capital	2.93	-3.02	-2.82	5	7.29
Return On Equity %	5.29	-7.72	-8.58	8.56	11.44
Return on Common Equity	5.88	-6.78	-8.35	8.58	11.44
Margin Analysis
Gross Profit Margin %	28.48	24.27	28.52	28.93	33.14
SG&A Margin	23.76	29.52	34.48	20.25	21.27
EBITDA Margin %	6.29	-3.29	-3.76	10.36	13.58
EBITA Margin %	4.35	-5.81	-6.53	8.32	11.8
EBIT Margin %	4.25	-5.88	-6.55	8.31	11.8
Income From Continuing Operations Margin %	4.62	-8.3	-10.78	8.15	11.1
Net Income Margin %	5.14	-7.34	-10.54	6.05	11.1
Net Avail. For Common Margin %	5.14	-7.34	-10.54	8.15	11.1
Normalized Net Income Margin	3.88	-1.17	-5.06	6.28	9.25
Levered Free Cash Flow Margin	4.54	11.15	8.85	-2.08	14.41
Unlevered Free Cash Flow Margin	4.66	11.54	9.24	-1.89	14.52
Asset Turnover
Asset Turnover	0.94	0.71	0.6	0.81	0.84
Fixed Assets Turnover	2.2	1.54	1.21	1.66	1.73
Receivables Turnover (Average Receivables)	4.88	4.78	5.69	6.03	4.78
Inventory Turnover (Average Inventory)	4.83	4.07	3.6	4.58	4.88
Short Term Liquidity
Current Ratio