SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

Income Statement Skillful Craftsman Education Technology Limited

Equities

EDTK

KYG8211A1085

Professional & Business Education

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-13 pm EDT			5-day change	1st Jan Change
1.050 ^USD	+0.96%		-7.08%	-16.67%

Aug. 19	Skillful Craftsman Education Technology Limited Reports Earnings Results for the Full Year Ended March 31, 2024	CI
Jul. 25	Skillful Craftsman Education Technology Limited Announces Board Changes	CI

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Published financial data: SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	28.6M	29.17M	23.05M	11.32M	2M
Total Revenues	28.6M	29.17M	23.05M	11.32M	2M
Cost of Goods Sold, Total	11.8M	14.71M	17.67M	13.5M	1.83M
Gross Profit	16.8M	14.46M	5.38M	-2.18M	169K
Selling General & Admin Expenses, Total	3.56M	5.46M	5.94M	4.12M	2.19M
Other Operating Expenses, Total	3.56M	5.46M	5.94M	4.12M	2.19M
Operating Income	13.24M	8.99M	-561K	-6.3M	-2.02M
Interest Expense, Total	-	-	-217K	-819K	-794K
Interest And Investment Income	73.74K	58.95K	66.25K	795K	1.77M
Net Interest Expenses	73.74K	58.95K	-151K	-23.88K	978K
Currency Exchange Gains (Loss)	-	-	-96.13K	-199K	-115K
Other Non Operating Income (Expenses)	-3.46K	361K	-9.06K	-72.66K	724K
EBT, Excl. Unusual Items	13.31M	9.41M	-817K	-6.6M	-430K
Impairment of Goodwill	-	-	-	-	-4.17M
Gain (Loss) On Sale Of Investments	-	-2.44M	-166K	-246K	-
Gain (Loss) On Sale Of Assets	-	-	-54.51K	-	1.55K
Asset Writedown	-	-	-	-13.8M	-164K
Other Unusual Items	-	-	247K	158K	13.88K
EBT, Incl. Unusual Items	13.31M	6.98M	-792K	-20.48M	-4.75M
Income Tax Expense	3.34M	3.48M	609K	423K	-27.27K
Earnings From Continuing Operations	9.98M	3.5M	-1.4M	-20.91M	-4.72M
Net Income to Company	9.98M	3.5M	-1.4M	-20.91M	-4.72M
Net Income - (IS)	9.98M	3.5M	-1.4M	-20.91M	-4.72M
Net Income to Common Incl Extra Items	9.98M	3.5M	-1.4M	-20.91M	-4.72M
Net Income to Common Excl. Extra Items	9.98M	3.5M	-1.4M	-20.91M	-4.72M
Per Share Items
Net EPS - Basic	1.11	0.32	-0.1	-1.4	-0.31
Basic EPS - Continuing Operations	1.11	0.32	-0.1	-1.4	-0.31
Basic Weighted Average Shares Outstanding	9M	11.03M	13.69M	14.9M	15.44M
Net EPS - Diluted	1.11	0.32	-0.1	-1.4	-0.31
Diluted EPS - Continuing Operations	1.11	0.32	-0.1	-1.4	-0.31
Diluted Weighted Average Shares Outstanding	9M	11.03M	13.69M	14.94M	15.44M
Normalized Basic EPS	0.92	0.53	-0.04	-0.28	-0.02
Normalized Diluted EPS	0.92	0.53	-0.04	-0.28	-0.02
Supplemental Items
EBITDA	22.24M	19.34M	11.4M	3.57M	-1.93M
EBITA	19.55M	15.65M	7.21M	-467K	-1.95M
EBIT	13.24M	8.99M	-561K	-6.3M	-2.02M
EBITDAR	22.38M	19.41M	11.49M	3.8M	-1.67M
Effective Tax Rate - (Ratio)	25.08	49.87	-76.88	-2.06	0.57
Current Domestic Taxes	3.34M	3.48M	614K	431K	-
Total Current Taxes	3.34M	3.48M	614K	431K	-
Deferred Domestic Taxes	-	-	-5.17K	-8.25K	-27.27K
Total Deferred Taxes	-	-	-5.17K	-8.25K	-27.27K
Normalized Net Income	8.32M	5.88M	-511K	-4.12M	-269K
Supplemental Operating Expense Items
Advertising Expense	-	940K	699K	-	-
Marketing Expenses	-	-	-	216K	31.99K
Selling and Marketing Expenses	1.52M	1.81M	1.79M	464K	242K
General and Administrative Expenses	1.9M	3.58M	4.05M	3.42M	1.69M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	139K	77.77K	90.75K	235K	253K
Imputed Operating Lease Interest Expense	-	-	21.11K	107K	118K
Imputed Operating Lease Depreciation	-	-	69.64K	128K	135K

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	11.93M	17.45M	23.83M	21M	17.83M
Total Cash And Short Term Investments	11.93M	17.45M	23.83M	21M	17.83M
Accounts Receivable, Total	78.78K	83.98K	252K	458K	7.34K
Other Receivables	-	-	-	34.82K	33.74K
Total Receivables	78.78K	83.98K	252K	493K	41.09K
Prepaid Expenses	1.39M	1.78M	1.35M	1.14M	1M
Other Current Assets, Total	577K	5.71M	2.08M	1.9M	-
Total Current Assets	13.97M	25.04M	27.52M	24.53M	18.87M
Gross Property Plant And Equipment	16.8M	22.36M	21.93M	14.81M	14.24M
Accumulated Depreciation	-4.48M	-8.63M	-11.23M	-14.56M	-14.18M
Net Property Plant And Equipment	12.32M	13.73M	10.7M	254K	54.43K
Long-term Investments	-	-	14.96M	14.3M	17.39M
Goodwill	-	-	4.58M	4.31M	-
Other Intangibles, Total	19.29M	20.42M	15.33M	255K	0
Other Long-Term Assets, Total	97.04K	28.41K	-	-	-
Total Assets	45.69M	59.21M	73.09M	43.64M	36.32M
Liabilities
Accounts Payable, Total	249K	114K	77.27K	21.89K	-
Accrued Expenses, Total	286K	1.32M	895K	1.11M	1.22M
Short-term Borrowings	-	-	44.11K	40.75K	39.46K
Current Portion of Leases	-	58.33K	15.56K	225K	-
Current Income Taxes Payable	477K	375K	81.61K	211K	190K
Unearned Revenue Current, Total	16.74M	11.46M	6.86M	1.36M	112K
Deferred Tax Liability Current	-	-	38.74K	28.24K	-
Other Current Liabilities	7.43K	-	-	11.64K	14.6K
Total Current Liabilities	17.76M	13.33M	8.02M	3M	1.57M
Long-Term Debt	-	-	14.81M	13.68M	13.25M
Unearned Revenue Non Current	50.88K	313K	3.71K	3.43K	-
Total Liabilities	17.81M	13.64M	22.83M	16.69M	14.82M
Common Stock, Total	1.8K	2.4K	2.98K	2.98K	3.09K
Additional Paid In Capital	1.62M	13.42M	18.06M	19.06M	19.06M
Retained Earnings	27.67M	31.16M	29.76M	8.86M	4.14M
Comprehensive Income and Other	-1.41M	982K	2.44M	-962K	-1.7M
Total Common Equity	27.88M	45.57M	50.26M	26.95M	21.5M
Total Equity	27.88M	45.57M	50.26M	26.95M	21.5M
Total Liabilities And Equity	45.69M	59.21M	73.09M	43.64M	36.32M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9M	12M	14.9M	15.45M	15.93M
ECS Total Common Shares Outstanding	9M	12M	14.9M	15.69M	15.45M
Book Value / Share	3.1	3.8	3.37	1.72	1.39
Tangible Book Value	8.59M	25.15M	30.35M	22.39M	21.5M
Tangible Book Value Per Share	0.95	2.1	2.04	1.43	1.39
Total Debt	0	58.33K	14.87M	13.95M	13.29M
Net Debt	-11.93M	-17.4M	-8.97M	-7.05M	-4.54M
Debt Equivalent Oper. Leases	1.11M	622K	726K	1.88M	2.03M
Equity Method Investments, Total	-	-	14.96M	14.3M	17.39M
Account Code - Inventory Valuation	3	3	-	3	3
Machinery, Total	16.8M	22.36M	21.93M	14.5M	13.94M
Full Time Employees	42	50	71	71	71

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	9.98M	3.5M	-1.4M	-20.91M	-4.72M
Depreciation & Amortization - CF	2.69M	3.69M	4.19M	4.17M	188K
Amortization of Goodwill and Intangible Assets - (CF)	6.31M	6.65M	7.77M	5.83M	70.11K
Depreciation & Amortization, Total	8.99M	10.34M	11.96M	10.01M	258K
(Gain) Loss From Sale Of Asset	6.96K	-	54.51K	-	-1.55K
(Gain) Loss on Sale of Investments - (CF)	-	2.44M	166K	-479K	-1.7M
Asset Writedown & Restructuring Costs	-	-	-	13.8M	4.35M
Provision and Write-off of Bad Debts	-	-	-	-	162K
Other Operating Activities, Total	-	-	217K	61K	-
Change In Accounts Receivable	372K	-5.2K	-168K	-206K	288K
Change In Accounts Payable	239K	-135K	-36.44K	-55.37K	-21.89K
Change in Unearned Revenues	-7.19M	-5.02M	-4.95M	-5.51M	-1.25M
Change In Income Taxes	168K	-95.12K	-637K	131K	-63.82K
Change In Deferred Taxes	-	-	38.74K	-8.25K	-28.24K
Change in Other Net Operating Assets	-1.08M	-268K	-408K	607K	67.43K
Cash from Operations	11.48M	10.75M	4.83M	-2.56M	-2.66M
Capital Expenditure	-1.67M	-5.09M	-513K	-	-
Sale of Property, Plant, and Equipment	-	-	4.68K	-	4.79K
Cash Acquisitions	-	-	50.43K	-	-
Sale (Purchase) of Intangible assets	-8.73M	-7.77M	-1.85M	-	-
Investment in Marketable and Equity Securities, Total	-	-8M	-11.29M	-301K	-
Cash from Investing	-10.4M	-20.86M	-13.6M	-301K	4.79K
Long-Term Debt Issued, Total	-	-	14.81M	1M	-
Total Debt Issued	-	-	14.81M	1M	-
Issuance of Common Stock	-	13.24M	-	-	-
Cash from Financing	-	13.24M	14.81M	1M	-
Foreign Exchange Rate Adjustments	491K	2.39M	338K	-976K	-510K
Net Change in Cash	1.57M	5.52M	6.38M	-2.84M	-3.17M
Supplemental Items
Cash Interest Paid	422	-	-	819K	-
Cash Income Tax Paid (Refund)	3.06M	3.61M	1.23M	-	-
Levered Free Cash Flow	8.09M	-6.93M	7.69M	480K	-213K
Unlevered Free Cash Flow	8.09M	-6.93M	7.82M	992K	284K
Change In Net Working Capital	-1.22M	10.03M	1.42M	5.08M	-1.29M
Net Debt Issued / Repaid	-	-	14.81M	1M	-

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	18.55	10.72	-0.53	-6.75	-3.15
Return on Total Capital	35.3	15.3	-0.63	-7.43	-3.33
Return On Equity %	42.54	9.53	-2.92	-54.15	-19.49
Return on Common Equity	42.54	9.53	-2.92	-54.15	-19.49
Margin Analysis
Gross Profit Margin %	58.75	49.56	23.33	-19.22	8.47
SG&A Margin	12.44	18.72	25.76	36.42	109.36
EBITDA Margin %	77.75	66.29	49.44	31.5	-96.33
EBITA Margin %	68.36	53.64	31.28	-4.12	-97.38
EBIT Margin %	46.31	30.84	-2.44	-55.64	-100.89
Income From Continuing Operations Margin %	34.88	11.99	-6.07	-184.63	-236.22
Net Income Margin %	34.88	11.99	-6.07	-184.63	-236.22
Net Avail. For Common Margin %	34.88	11.99	-6.07	-184.63	-236.22
Normalized Net Income Margin	29.09	20.17	-2.22	-36.4	-13.45
Levered Free Cash Flow Margin	28.3	-23.75	33.35	4.23	-10.65
Unlevered Free Cash Flow Margin	28.3	-23.75	33.94	8.76	14.19
Asset Turnover
Asset Turnover	0.64	0.56	0.35	0.19	0.05
Fixed Assets Turnover	2.17	2.24	1.89	2.07	12.96
Receivables Turnover (Average Receivables)	107.95	358.42	137.13	31.88	8.59
Short Term Liquidity
Current Ratio	0.79	1.88	3.43	8.17	11.99
Quick Ratio	0.68	1.32	3	7.15	11.36
Operating Cash Flow to Current Liabilities	0.65	0.81	0.6	-0.85	-1.69
Days Sales Outstanding (Average Receivables)	3.39	1.02	2.66	11.45	42.61
Average Days Payable Outstanding	4.02	4.5	1.97	1.34	-
Long Term Solvency
Total Debt/Equity	-	0.13	29.58	51.74	61.82
Total Debt / Total Capital	-	0.13	22.83	34.1	38.2
LT Debt/Equity	-	-	29.46	50.76	61.63
Long-Term Debt / Total Capital	-	-	22.74	33.45	38.09
Total Liabilities / Total Assets	38.97	23.04	31.23	38.24	40.81
EBIT / Interest Expense	-	-	-2.59	-7.69	-2.54
EBITDA / Interest Expense	-	-	52.92	4.64	-2.21
(EBITDA - Capex) / Interest Expense	-	-	50.56	4.64	-2.21
Total Debt / EBITDA	-	0	1.29	3.67	-7.56
Net Debt / EBITDA	-0.54	-0.9	-0.78	-1.85	2.58
Total Debt / (EBITDA - Capex)	-	0	1.35	3.67	-7.56
Net Debt / (EBITDA - Capex)	-0.58	-1.21	-0.82	-1.85	2.58
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.94	1.98	-20.97	-50.87	-82.35
Gross Profit, 1 Yr. Growth %	10.47	-13.97	-62.8	-140.48	-107.78
EBITDA, 1 Yr. Growth %	18.75	-13.05	-41.06	-68.7	-153.99
EBITA, 1 Yr. Growth %	9.83	-19.98	-53.91	-106.47	316.97
EBIT, 1 Yr. Growth %	15.37	-32.08	-106.24	1.02K	-67.99
Earnings From Cont. Operations, 1 Yr. Growth %	14.99	-64.93	-140.03	1.39K	-77.41
Net Income, 1 Yr. Growth %	14.99	-64.93	-140.03	1.39K	-77.41
Normalized Net Income, 1 Yr. Growth %	15.1	-29.29	-108.68	706.93	-93.48
Diluted EPS Before Extra, 1 Yr. Growth %	14.99	-71.39	-132.25	1.27K	-77.91
Accounts Receivable, 1 Yr. Growth %	-82.54	6.59	200.33	81.63	-98.4
Net Property, Plant and Equip., 1 Yr. Growth %	-12.11	11.37	-22.05	-97.62	-78.58
Total Assets, 1 Yr. Growth %	4.94	29.58	23.46	-40.29	-16.77
Tangible Book Value, 1 Yr. Growth %	603.98	192.86	20.68	-26.22	-3.99
Common Equity, 1 Yr. Growth %	46.6	63.42	10.31	-46.37	-20.24
Cash From Operations, 1 Yr. Growth %	-43.43	-6.32	-55.1	-152.98	3.97
Capital Expenditures, 1 Yr. Growth %	-88.02	204.43	-89.93	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-300.12	-185.61	-210.94	-93.77	-144.39
Unlevered Free Cash Flow, 1 Yr. Growth %	-300.12	-185.61	-212.9	-87.35	-71.4
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	38.5	8.74	-10.23	-37.69	-70.55
Gross Profit, 2 Yr. CAGR %	28.38	-2.51	-43.43	-61.2	-82.25
EBITDA, 2 Yr. CAGR %	34.34	1.61	-28.41	-57.05	-58.89
EBITA, 2 Yr. CAGR %	28.15	-6.25	-39.27	-82.73	-48.04
EBIT, 2 Yr. CAGR %	29.16	-11.48	-79.41	-16.31	89.54
Earnings From Cont. Operations, 2 Yr. CAGR %	28.83	-36.5	-62.53	144.48	83.64
Net Income, 2 Yr. CAGR %	28.83	-36.5	-62.53	144.48	83.64
Normalized Net Income, 2 Yr. CAGR %	28.89	-9.79	-75.23	-16.3	-27.46
Diluted EPS Before Extra, 2 Yr. CAGR %	28.83	-42.64	-69.62	110.35	74.1
Accounts Receivable, 2 Yr. CAGR %	-32.27	-56.85	78.92	133.56	-82.94
Net Property, Plant and Equip., 2 Yr. CAGR %	240.56	-1.06	-6.83	-86.39	-92.87
Total Assets, 2 Yr. CAGR %	23.3	16.61	26.48	-14.14	-29.51
Tangible Book Value, 2 Yr. CAGR %	-18.23	354.06	88	-5.64	-15.84
Common Equity, 2 Yr. CAGR %	58.64	54.78	34.27	-23.09	-34.6
Cash From Operations, 2 Yr. CAGR %	-17.71	-27.2	-35.14	-51.23	-25.78
Capital Expenditures, 2 Yr. CAGR %