Cash flow Bosideng International Holdings Limited

Equities

3998

KYG126521064

Apparel & Accessories

Market Closed - Hong Kong S.E. Other stock markets 04:08:37 2024-09-11 EDT			5-day change	1st Jan Change
3.620 ^HKD	-1.63%		-4.49%	+3.13%

08-20	Bosideng International Holdings Limited Approves Final Dividend	CI
07-29	Bosideng International Holdings Books Higher Attributable Profits in Fiscal 2024	MT

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Published financial data: BOSIDENG INTERNATIONAL HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	12.19B	13.52B	16.21B	16.77B	23.21B
Total Revenues	12.19B	13.52B	16.21B	16.77B	23.21B
Cost of Goods Sold, Total	5.48B	5.59B	6.48B	6.8B	9.38B
Gross Profit	6.71B	7.92B	9.74B	9.98B	13.83B
Selling General & Admin Expenses, Total	5.13B	5.83B	7.37B	7.33B	9.56B
Other Operating Expenses	-115M	-180M	-246M	-297M	-197M
Other Operating Expenses, Total	5.01B	5.65B	7.13B	7.03B	9.37B
Operating Income	1.69B	2.27B	2.61B	2.94B	4.47B
Interest Expense, Total	-119M	-146M	-169M	-186M	-193M
Interest And Investment Income	124M	147M	125M	146M	205M
Net Interest Expenses	4.52M	1.1M	-44.2M	-40.37M	11.1M
Income (Loss) On Equity Invest.	-	-	-14.09M	-22.3M	-14.2M
Currency Exchange Gains (Loss)	4.64M	-24.5M	-11.09M	7.07M	28.47M
Other Non Operating Income (Expenses)	-13.07M	-25.2M	-8.98M	-23.92M	-22.24M
EBT, Excl. Unusual Items	1.69B	2.22B	2.53B	2.86B	4.47B
Impairment of Goodwill	-98M	-46M	-40M	-118M	-70M
Gain (Loss) On Sale Of Investments	7.91M	66.3M	182M	140M	141M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.6B	2.24B	2.67B	2.89B	4.54B
Income Tax Expense	405M	537M	613M	731M	1.42B
Earnings From Continuing Operations	1.2B	1.7B	2.06B	2.16B	3.12B
Net Income to Company	1.2B	1.7B	2.06B	2.16B	3.12B
Minority Interest	7.91M	4.6M	3.55M	-17.81M	-46.06M
Net Income - (IS)	1.2B	1.71B	2.06B	2.14B	3.07B
Net Income to Common Incl Extra Items	1.2B	1.71B	2.06B	2.14B	3.07B
Net Income to Common Excl. Extra Items	1.2B	1.71B	2.06B	2.14B	3.07B
Per Share Items
Net EPS - Basic	0.11	0.16	0.19	0.2	0.28
Basic EPS - Continuing Operations	0.11	0.16	0.19	0.2	0.28
Basic Weighted Average Shares Outstanding	10.68B	10.7B	10.78B	10.83B	10.85B
Net EPS - Diluted	0.11	0.16	0.19	0.19	0.28
Diluted EPS - Continuing Operations	0.11	0.16	0.19	0.19	0.28
Diluted Weighted Average Shares Outstanding	10.88B	11.29B	11.34B	11.44B	11.43B
Normalized Basic EPS	0.1	0.13	0.15	0.16	0.25
Normalized Diluted EPS	0.1	0.12	0.14	0.16	0.24
Dividend Per Share	0.08	0.11	0.15	0.16	0.23
Payout Ratio	71.72	51.47	63.49	80.51	60.02
American Depositary Receipts Ratio (ADR)	50	50	50	50	50
Supplemental Items
EBITDA	2.03B	2.76B	3.09B	3.46B	5.2B
EBITA	1.74B	2.31B	2.64B	2.98B	4.5B
EBIT	1.69B	2.27B	2.61B	2.94B	4.47B
EBITDAR	3.19B	4.25B	4.99B	5.25B	7.23B
Effective Tax Rate - (Ratio)	25.29	23.96	22.95	25.32	31.29
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	400M	503M	686M	787M	1.11B
Total Deferred Taxes	4.95M	34.83M	-72.23M	-55.92M	315M
Normalized Net Income	1.06B	1.39B	1.59B	1.77B	2.75B
Interest on Long-Term Debt	53.72M	106M	116M	114M	120M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	3.18B	3.4B	4.37B	4.44B	6.14B
General and Administrative Expenses	853M	1.03B	1.2B	1.2B	1.51B
Net Rental Expense, Total	1.15B	1.49B	1.9B	1.79B	2.03B
Imputed Operating Lease Interest Expense	453M	567M	809M	806M	987M
Imputed Operating Lease Depreciation	699M	922M	1.09B	980M	1.05B
Stock-Based Comp., G&A Exp. (Total)	-	98.66M	71.75M	-	-
Stock-Based Comp., Other (Total)	11.34M	-	92.31M	67.68M	99.55M
Total Stock-Based Compensation	11.34M	98.66M	164M	67.68M	99.55M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.64B	1.77B	2.5B	3.72B	6.23B
Short Term Investments	3.46B	2.77B	1.83B	2B	2.58B
Trading Asset Securities, Total	560M	3.86B	5.37B	3.97B	3.96B
Total Cash And Short Term Investments	7.66B	8.4B	9.7B	9.68B	12.77B
Accounts Receivable, Total	1.08B	876M	1.24B	923M	1.5B
Other Receivables	108M	363M	460M	345M	360M
Notes Receivable	115M	-	-	-	-
Total Receivables	1.31B	1.24B	1.7B	1.27B	1.86B
Inventory	2.93B	2.96B	3.06B	3.08B	3.56B
Prepaid Expenses	-	28.65M	68.97M	117M	150M
Other Current Assets, Total	568M	248M	211M	571M	682M
Total Current Assets	12.47B	12.88B	14.74B	14.72B	19.02B
Gross Property Plant And Equipment	3.39B	4.51B	5.52B	6.14B	6.98B
Accumulated Depreciation	-1.22B	-1.9B	-2.64B	-3.43B	-4.48B
Net Property Plant And Equipment	2.17B	2.61B	2.88B	2.71B	2.5B
Long-term Investments	149M	591M	510M	755M	2.18B
Goodwill	1.15B	1.11B	1.07B	949M	879M
Other Intangibles, Total	501M	465M	429M	393M	357M
Accounts Receivable Long-Term	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	-	47.37M
Deferred Tax Assets Long-Term	563M	567M	611M	649M	498M
Other Long-Term Assets, Total	370M	738M	1.05B	768M	287M
Total Assets	17.38B	18.96B	21.28B	20.94B	25.77B
Liabilities
Accounts Payable, Total	1.83B	2.47B	3.29B	3.1B	5.26B
Accrued Expenses, Total	528M	584M	595M	397M	882M
Current Portion of Long-Term Debt	818M	671M	934M	770M	2.48B
Current Portion of Leases	261M	223M	270M	264M	356M
Current Income Taxes Payable	365M	520M	620M	669M	497M
Unearned Revenue Current, Total	238M	287M	271M	337M	1.15B
Other Current Liabilities	647M	685M	629M	514M	556M
Total Current Liabilities	4.69B	5.44B	6.61B	6.05B	11.18B
Long-Term Debt	1.67B	1.6B	1.6B	1.6B	-
Long-Term Leases	475M	415M	628M	526M	384M
Deferred Tax Liability Non Current	140M	174M	166M	142M	309M
Other Non Current Liabilities	-	69.69M	53.82M	13.06M	75.21M
Total Liabilities	6.98B	7.71B	9.06B	8.34B	11.95B
Common Stock, Total	806K	811K	817K	818K	819K
Additional Paid In Capital	1.67B	1.73B	1.89B	1.93B	1.97B
Retained Earnings	9.01B	9.79B	10.58B	11.03B	12.24B
Treasury Stock	-62.2M	-171M	-140M	-110M	-207M
Comprehensive Income and Other	-400M	-281M	-144M	-299M	-266M
Total Common Equity	10.21B	11.07B	12.19B	12.55B	13.74B
Minority Interest	189M	182M	33.34M	57.26M	84.05M
Total Equity	10.4B	11.25B	12.23B	12.6B	13.82B
Total Liabilities And Equity	17.38B	18.96B	21.28B	20.94B	25.77B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.68B	10.71B	10.81B	10.85B	10.84B
ECS Total Common Shares Outstanding	10.68B	10.71B	10.81B	10.85B	10.84B
Book Value / Share	0.96	1.03	1.13	1.16	1.27
Tangible Book Value	8.56B	9.5B	10.7B	11.2B	12.5B
Tangible Book Value Per Share	0.8	0.89	0.99	1.03	1.15
Total Debt	3.22B	2.91B	3.43B	3.16B	3.22B
Net Debt	-4.44B	-5.49B	-6.27B	-6.52B	-9.55B
Debt Equivalent Oper. Leases	9.22B	11.91B	15.17B	14.29B	16.28B
Minority Interest, Total (Incl. Fin. Div)	189M	182M	33.34M	57.26M	84.05M
Equity Method Investments, Total	-	-	136M	236M	253M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	446M	795M	891M	878M	922M
Inventories - Work In Process, Total	15.95M	11.85M	23.76M	11.93M	13.72M
Inventories - Finished Goods, Total	2.26B	1.84B	1.77B	1.8B	2.26B
Land - (BS)	642M	1.04B	973M	1.08B	1.08B
Machinery, Total	427M	693M	745M	818M	889M
Full Time Employees	7.8K	9.03K	10.12K	12.18K	11.83K
Accumulated Allowance for Doubtful Accounts (Supple)	173M	132M	131M	87.67M	87.2M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	1.2B	1.71B	2.06B	2.14B	3.07B
Depreciation & Amortization - CF	558M	773M	857M	914M	1.18B
Amortization of Goodwill and Intangible Assets - (CF)	47.97M	36.25M	35.88M	35.88M	35.88M
Depreciation & Amortization, Total	606M	809M	893M	949M	1.22B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	6.92M	7.85M	-12.44M	19.3M	28.96M
(Gain) Loss on Sale of Investments - (CF)	-	-66.3M	-182M	-140M	-
Asset Writedown & Restructuring Costs	98M	46M	40M	118M	70M
(Income) Loss On Equity Investments - (CF)	-	-	14.09M	22.3M	14.2M
Stock-Based Compensation (CF)	11.34M	98.66M	71.75M	5.96M	99.55M
Other Operating Activities, Total	-206M	103M	-54.88M	-88.27M	-92.49M
Change In Accounts Receivable	-318M	90.39M	-486M	292M	-504M
Change In Inventories	-795M	76.1M	-42.25M	-1.1M	-508M
Change In Accounts Payable	588M	814M	751M	-263M	3.43B
Change in Other Net Operating Assets	38.48M	-556M	-385M	-1.92M	510M
Cash from Operations	1.23B	3.13B	2.67B	3.05B	7.34B
Capital Expenditure	-714M	-437M	-577M	-508M	-560M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-560M	-	-137M	-14.16M
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	7M	7M	7.8M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.19B	-3.02B	-236M	1.14B	-1.98B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-57M
Other Investing Activities, Total	132M	146M	119M	121M	187M
Cash from Investing	612M	-3.86B	-686M	617M	-2.43B
Short Term Debt Issued, Total	862M	400M	-	-	-
Long-Term Debt Issued, Total	1.9B	-	507M	1.17B	839M
Total Debt Issued	2.76B	400M	507M	1.17B	839M
Short Term Debt Repaid, Total	-1.72B	-507M	-	-	-
Long-Term Debt Repaid, Total	-248M	-355M	-615M	-1.97B	-1.35B
Total Debt Repaid	-1.97B	-862M	-615M	-1.97B	-1.35B
Issuance of Common Stock	100M	120M	151M	27.24M	132M
Repurchase of Common Stock	-343M	-135M	-13.99M	-	-150M
Common Dividends Paid	-863M	-880M	-1.31B	-1.72B	-1.85B
Common & Preferred Stock Dividends Paid	-863M	-880M	-1.31B	-1.72B	-1.85B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	310M	265M	47.64M	10M	-
Cash from Financing	-7.63M	-1.09B	-1.23B	-2.49B	-2.38B
Foreign Exchange Rate Adjustments	47.11M	-45.61M	-20.52M	41.4M	-23.93M
Net Change in Cash	1.88B	-1.87B	731M	1.22B	2.51B
Supplemental Items
Cash Interest Paid	99.34M	89.49M	107M	139M	129M
Cash Income Tax Paid (Refund)	497M	348M	593M	738M	1.28B
Levered Free Cash Flow	878M	3.07B	2.3B	1.84B	5.55B
Unlevered Free Cash Flow	952M	3.16B	2.41B	1.96B	5.67B
Change In Net Working Capital	10.3M	-1.27B	-295M	390M	-2.12B
Net Debt Issued / Repaid	788M	-462M	-108M	-809M	-516M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.52	7.81	8.1	8.72	11.95
Return on Total Capital	8.35	10.21	10.94	11.71	17.02
Return On Equity %	11.65	15.75	17.54	17.37	23.62
Return on Common Equity	11.96	16.07	17.73	17.29	23.39
Margin Analysis
Gross Profit Margin %	55.03	58.63	60.06	59.47	59.59
SG&A Margin	42.08	43.16	45.48	43.69	41.19
EBITDA Margin %	16.69	20.45	19.06	20.64	22.4
EBITA Margin %	14.29	17.07	16.31	17.77	19.4
EBIT Margin %	13.9	16.8	16.09	17.55	19.24
Income From Continuing Operations Margin %	9.8	12.61	12.7	12.86	13.44
Net Income Margin %	9.87	12.65	12.72	12.75	13.24
Net Avail. For Common Margin %	9.87	12.65	12.72	12.75	13.24