Cash flow Trevisa Investimentos S.A.

Equities

LUXM4

BRLUXMACNPR4

Marine Freight & Logistics

Market Closed - Sao Paulo Other stock markets 02:11:28 2024-09-12 pm EDT			5-day change	1st Jan Change
13.46 ^BRL	0.00%		0.00%	-15.77%

Aug. 13	Trevisa Investimentos S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Jun. 14	Trevisa Investimentos S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: TREVISA INVESTIMENTOS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	119M	105M	131M	138M	137M
Total Revenues	119M	105M	131M	138M	137M
Cost of Goods Sold, Total	86.35M	78.82M	89.84M	99.28M	93.2M
Gross Profit	32.69M	25.76M	41.48M	38.31M	43.37M
Selling General & Admin Expenses, Total	16.69M	14.18M	17.18M	18.07M	19.08M
Other Operating Expenses	-461K	-193K	1.2M	-950K	-532K
Other Operating Expenses, Total	16.23M	13.98M	18.38M	17.12M	18.55M
Operating Income	16.46M	11.78M	23.1M	21.2M	24.82M
Interest Expense, Total	-2.14M	-1.81M	-1.57M	-935K	-463K
Interest And Investment Income	418K	329K	1.1M	1.53M	1.63M
Net Interest Expenses	-1.72M	-1.48M	-470K	596K	1.16M
Currency Exchange Gains (Loss)	460K	-	-	-	-
Other Non Operating Income (Expenses)	-890K	-225K	-648K	-80K	-779K
EBT, Excl. Unusual Items	14.31M	10.07M	21.98M	21.71M	25.21M
Gain (Loss) On Sale Of Investments	-	-	-	-3K	-
Gain (Loss) On Sale Of Assets	2.15M	635K	5.5M	355K	316K
Asset Writedown	-677K	-663K	-5.05M	-2.02M	1.75M
Insurance Settlements	737K	200K	146K	11K	36K
Legal Settlements	-	1.48M	-	115K	-
EBT, Incl. Unusual Items	16.52M	11.73M	22.58M	20.17M	27.31M
Income Tax Expense	7.04M	3.95M	7.81M	8.95M	8.82M
Earnings From Continuing Operations	9.48M	7.78M	14.77M	11.21M	18.49M
Earnings Of Discontinued Operations	3.5M	643K	-379K	13K	-
Net Income to Company	12.98M	8.42M	14.39M	11.23M	18.49M
Net Income - (IS)	12.98M	8.42M	14.39M	11.23M	18.49M
Net Income to Common Incl Extra Items	12.98M	8.42M	14.39M	11.23M	18.49M
Net Income to Common Excl. Extra Items	9.48M	7.78M	14.77M	11.21M	18.49M
Per Share Items
Net EPS - Basic	0.62	0.41	0.69	0.54	0.89
Basic EPS - Continuing Operations	0.46	0.37	0.71	0.54	0.89
Basic Weighted Average Shares Outstanding	20.78M	20.78M	20.78M	20.78M	20.78M
Net EPS - Diluted	0.62	0.41	0.69	0.54	0.89
Diluted EPS - Continuing Operations	0.46	0.37	0.71	0.54	0.89
Diluted Weighted Average Shares Outstanding	20.78M	20.78M	20.78M	20.78M	20.78M
Normalized Basic EPS	0.43	0.3	0.66	0.65	0.76
Normalized Diluted EPS	0.43	0.3	0.66	0.65	0.76
Dividend Per Share	0.49	0.1	0.17	0.15	0.22
Supplemental Items
EBITDA	32.65M	27.38M	38.34M	35.62M	37.15M
EBITA	16.46M	11.78M	23.26M	21.23M	24.82M
EBIT	16.46M	11.78M	23.1M	21.2M	24.82M
EBITDAR	35.48M	30.18M	40.25M	-	-
Total Revenues (As Reported)	119M	105M	131M	138M	137M
Effective Tax Rate - (Ratio)	42.6	33.7	34.6	44.39	32.31
Total Current Taxes	6.03M	3.89M	8.32M	8.66M	8.96M
Total Deferred Taxes	1.01M	62K	-509K	296K	-134K
Normalized Net Income	8.94M	6.3M	13.74M	13.57M	15.75M
Interest on Long-Term Debt	-	-	-	23K	78K
Supplemental Operating Expense Items
General and Administrative Expenses	16.06M	14.18M	16.05M	18.07M	17.75M
Net Rental Expense, Total	2.82M	2.8M	1.91M	-	-
Imputed Operating Lease Interest Expense	1.19M	1.22M	1.03M	-	-
Imputed Operating Lease Depreciation	1.64M	1.57M	885K	-	-
Maintenance & Repair Expenses, Total	6.15M	4.51M	4.28M	4.38M	4.54M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.87M	21.72M	14.65M	13.32M	13.61M
Total Cash And Short Term Investments	5.87M	21.72M	14.65M	13.32M	13.61M
Accounts Receivable, Total	7.33M	6.85M	10.64M	9.34M	7.19M
Other Receivables	2.68M	2.25M	757K	519K	541K
Total Receivables	10M	9.1M	11.4M	9.85M	7.73M
Inventory	255K	258K	373K	369K	355K
Prepaid Expenses	818K	1M	1.46M	962K	1.05M
Other Current Assets, Total	44.64M	6.03M	2.5M	244K	734K
Total Current Assets	61.59M	38.11M	30.38M	24.74M	23.48M
Gross Property Plant And Equipment	241M	240M	268M	287M	314M
Accumulated Depreciation	-127M	-138M	-154M	-168M	-180M
Net Property Plant And Equipment	114M	102M	114M	120M	133M
Long-term Investments	5K	5K	5K	-	-
Other Intangibles, Total	506K	496K	178K	-	152K
Deferred Tax Assets Long-Term	1.69M	1.62M	2.13M	1.92M	2.05M
Other Long-Term Assets, Total	11.36M	11.06M	9.76M	8.79M	11.35M
Total Assets	189M	153M	156M	155M	171M
Liabilities
Accounts Payable, Total	3.03M	2.44M	4.74M	3.98M	4.53M
Accrued Expenses, Total	6.16M	5.52M	7.89M	6.5M	8.66M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	6.28M	8.11M	8.11M	5.84M	2.94M
Current Portion of Leases	-	-	544K	388K	914K
Current Income Taxes Payable	1.19M	268K	3.95M	3.47M	3.08M
Other Current Liabilities	21.65M	4.11M	6.4M	5.8M	6.5M
Total Current Liabilities	38.31M	20.45M	31.64M	25.97M	26.63M
Long-Term Debt	31.2M	20.58M	9.02M	3.18M	245K
Long-Term Leases	-	-	507K	617K	1.76M
Unearned Revenue Non Current	186K	186K	-	-	-
Deferred Tax Liability Non Current	4.13M	4.12M	3.55M	3.05M	3M
Other Non Current Liabilities	13.66M	13.72M	14M	16.24M	18.43M
Total Liabilities	87.49M	59.05M	58.72M	49.06M	50.06M
Common Stock, Total	45M	45M	45M	45M	60M
Retained Earnings	48.59M	41.56M	45.94M	55.41M	54.64M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	7.73M	7.7M	6.61M	5.92M	5.82M
Total Common Equity	101M	94.26M	97.55M	106M	120M
Total Equity	101M	94.26M	97.55M	106M	120M
Total Liabilities And Equity	189M	153M	156M	155M	171M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.78M	20.78M	20.78M	20.78M	20.78M
ECS Total Common Shares Outstanding	20.78M	20.78M	20.78M	20.78M	20.78M
Book Value / Share	4.88	4.54	4.69	5.12	5.8
Tangible Book Value	101M	93.76M	97.38M	106M	120M
Tangible Book Value Per Share	4.85	4.51	4.69	5.12	5.79
Total Debt	37.48M	28.69M	18.18M	10.02M	5.85M
Net Debt	31.61M	6.97M	3.53M	-3.29M	-7.76M
Debt Equivalent Oper. Leases	22.58M	22.36M	15.29M	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	255K	258K	373K	369K	355K
Land - (BS)	3.96M	4.68M	4.88M	4.88M	4.88M
Machinery, Total	229M	227M	254M	275M	299M
Accumulated Allowance for Doubtful Accounts (Supple)	491K	168K	112K	106K	95K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	12.98M	8.42M	14.39M	11.23M	18.49M
Depreciation & Amortization - CF	16.19M	15.6M	15.4M	14.92M	13.24M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	155K	37K	-
Depreciation & Amortization, Total	16.19M	15.6M	15.55M	14.96M	13.24M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	38K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	5K	-
Asset Writedown & Restructuring Costs	45.49M	949K	6.86M	2.88M	-1.83M
Net Cash From Discontinued Operations	-	-8.97M	23K	-13K	-
Other Operating Activities, Total	2.17M	2.38M	2.5M	5M	3.38M
Change In Accounts Receivable	1.58M	425K	-3.79M	1.3M	2.15M
Change In Inventories	1.3M	-11K	-236K	359K	-409K
Change In Accounts Payable	-270K	-569K	2.3M	-765K	553K
Change In Income Taxes	-30.5M	-15K	863K	-232K	-629K
Change In Deferred Taxes	-4.12M	-	-	-	-
Change in Other Net Operating Assets	-5.88M	-18.66M	-902K	-5.51M	-2.61M
Cash from Operations	38.94M	-453K	37.56M	29.21M	32.37M
Capital Expenditure	-21.49M	-5.24M	-33.69M	-21.4M	-24.26M
Sale (Purchase) of Real Estate properties	-	-	-	-775K	-454K
Sale (Purchase) of Intangible assets	-119K	-22K	-28K	-49K	-
Investment in Marketable and Equity Securities, Total	-367K	613K	-104K	-	-
Other Investing Activities, Total	-	-4K	-1.35M	599K	-
Cash from Investing	-21.97M	-4.65M	-35.18M	-21.62M	-24.71M
Long-Term Debt Issued, Total	3M	-	7.88M	-	-
Total Debt Issued	3M	-	7.88M	-	-
Long-Term Debt Repaid, Total	-11.63M	-10.61M	-21.18M	-8.93M	-7.36M
Total Debt Repaid	-11.63M	-10.61M	-21.18M	-8.93M	-7.36M
Repurchase of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-	23.26M	-	-	-
Cash from Financing	-8.63M	12.65M	-13.3M	-8.93M	-7.36M
Net Change in Cash	8.33M	7.55M	-10.92M	-1.34M	297K
Supplemental Items
Levered Free Cash Flow	-25.4M	36.24M	6.59M	7.24M	8.84M
Unlevered Free Cash Flow	-24.06M	37.37M	7.58M	7.82M	9.13M
Change In Net Working Capital	28.93M	-19.67M	-11.3M	-1.06M	-4.6M
Net Debt Issued / Repaid	-8.63M	-10.61M	-13.3M	-8.93M	-7.36M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.37	4.3	9.39	8.5	9.52
Return on Total Capital	7.15	5.63	12.18	11.42	12.79
Return On Equity %	9.19	7.95	15.53	11	16.3
Return on Common Equity	9.19	7.95	15.53	11	16.3
Margin Analysis
Gross Profit Margin %	27.46	24.63	31.59	27.85	31.76
SG&A Margin	14.02	13.55	13.08	13.13	13.97
EBITDA Margin %	27.43	26.18	29.2	25.89	27.2
EBITA Margin %	13.83	11.26	17.71	15.43	18.18
EBIT Margin %	13.83	11.26	17.59	15.4	18.18
Income From Continuing Operations Margin %	7.97	7.44	11.25	8.15	13.54
Net Income Margin %	10.9	8.05	10.96	8.16	13.54
Net Avail. For Common Margin %	7.97	7.44	11.25	8.15	13.54
Normalized Net Income Margin	7.51	6.02	10.46	9.86	11.54
Levered Free Cash Flow Margin	-21.33	34.65	5.02	5.26	6.47
Unlevered Free Cash Flow Margin	-20.21	35.74	5.77	5.69	6.69
Asset Turnover
Asset Turnover	0.62	0.61	0.85	0.88	0.84
Fixed Assets Turnover	0.99	0.97	1.23	1.18	1.08
Receivables Turnover (Average Receivables)	14.66	14.81	15.02	13.78	16.53
Inventory Turnover (Average Inventory)	408.26	307.29	284.74	267.6	257.46
Short Term Liquidity
Current Ratio	1.61	1.86	0.96	0.95	0.88
Quick Ratio	0.41	1.51	0.82	0.89	0.8
Operating Cash Flow to Current Liabilities	1.02	-0.02	1.19	1.12	1.22
Days Sales Outstanding (Average Receivables)	24.9	24.7	24.3	26.49	22.08
Days Outstanding Inventory (Average Inventory)	0.89	1.19	1.28	1.36	1.42
Average Days Payable Outstanding	13.37	12.63	14.56	16.02	16.66
Cash Conversion Cycle (Average Days)	12.42	13.26	11.02	11.83	6.84
Long Term Solvency
Total Debt/Equity	36.99	30.44	18.64	9.43	4.86
Total Debt / Total Capital	27	23.34	15.71	8.61	4.63
LT Debt/Equity	30.79	21.83	9.76	3.57	1.66
Long-Term Debt / Total Capital	22.47	16.74	8.23	3.27	1.59
Total Liabilities / Total Assets	46.33	38.52	37.58	31.57	29.36
EBIT / Interest Expense	7.69	6.51	14.69	22.67	53.61
EBITDA / Interest Expense	15.25	15.12	24.57	38.67	82.2
(EBITDA - Capex) / Interest Expense	5.22	12.23	3.15	15.79	29.82
Total Debt / EBITDA	1.15	1.05	0.47	0.28	0.15
Net Debt / EBITDA	0.97	0.25	0.09	-0.09	-0.2
Total Debt / (EBITDA - Capex)	3.36	1.3	3.66	0.68	0.42
Net Debt / (EBITDA - Capex)	2.83	0.31	0.71	-0.22	-0.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.27	-7.63	25.56	4.78	-0.74
Gross Profit, 1 Yr. Growth %	-16.82	-16.24	62.25	-7.63	13.2
EBITDA, 1 Yr. Growth %	6.7	-14.68	40.01	-31.8	4.4
EBITA, 1 Yr. Growth %	8.62	-30.9	104.64	-42.84	17.11
EBIT, 1 Yr. Growth %	8.62	-30.9	103.27	-42.7	17.11
Earnings From Cont. Operations, 1 Yr. Growth %	52.2	-23.94	100.64	-59.88	64.87
Net Income, 1 Yr. Growth %	108.28	-35.14	79.78	-59.28	64.68
Normalized Net Income, 1 Yr. Growth %