Sino-Global Shipping America Ltd. :SINO-US: Earnings Analysis: Q1, 2017 By the Numbers : November 23, 2016
November 23, 2016 by CapitalCube
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Sino-Global Shipping America Ltd. reports financial results for the quarter ended September 30, 2016.
We analyze the earnings along side the following peers of Sino-Global Shipping America Ltd. – Air Transport Services Group, Inc. and United Parcel Service, Inc. Class B (ATSG-US and UPS-US) that have also reported for this period.
Highlights
Summary numbers: Revenues of USD 1.94 million, Net Earnings of USD 0.65 million.
Gross margins widened from 54.04% to 84.25% compared to the same period last year, operating (EBITDA) margins now 37.35% from 19.58%.
Year-on-year change in operating cash flow of 677.67% is about the same as the change in earnings, likely no significant movement in accruals or reserves.
Earnings growth from operating margin improvements as well as one-time items.
The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:
2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30
Relevant Numbers (Quarterly)
Revenues (mil) 1.94 1.84 1.17 1.6 2.7
Revenue Growth (%YOY) -27.96 -40.54 -53.55 -48.36 3.58
Earnings (mil) 0.65 0.09 -0.74 -1.5 0.18
Earnings Growth (%YOY) 250.63 185.12 -310.33 -1198.87 -44.61
Net Margin (%) 33.21 4.74 -62.89 -93.87 6.82
EPS 0.08 0.01 -0.09 -0.18 0.02
Return on Equity (%) 37.23 5.32 -37.59 -60.61 7.2
Return on Assets (%) 27.85 3.94 -29.98 -51.38 6.11
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