Sinotrans's financial data in the past three years show some noteworthy trends and characteristics. Here's an analysis of its various indicators:
First of all, in terms of indicators per share, basic earnings per share, non-earnings per share and operating cash flow per share all showed a fluctuating trend. Despite the decline in some quarters, the company remained profitable overall. Net assets per share have increased steadily, indicating an increase in the intrinsic value of the company.
In terms of growth capacity, the year-on-year growth rate of total operating income has been negative in many quarters, especially in the third quarter of 2023. The year-on-year growth rate of attributable net profit and the year-on-year growth rate of non-net profit after deduction also declined, which may be affected by market competition and macroeconomic factors. The company's growth in business scale and profitability is facing certain challenges.
In terms of profitability, return on equity and return on total assets showed a fluctuating trend, but the overall level was relatively low. Gross and net profit margins also performed mediocre, showing some difficulties in the company's profitability. The effective tax rate is relatively high, which imposes a certain burden on the company's earnings.
In terms of earnings quality, net cash flow from sales Total Operating Income and Net Operating Cash Flow Total operating income is relatively low, indicating that the company's earnings are less efficient at converting into cash. The relatively high level of the ETR may also have an impact on cash flow.
In terms of financial risk, the current ratio and quick ratio remained relatively low for several quarters, indicating that the company's short-term solvency is relatively vulnerable. The debt-to-asset ratio is rising, and the equity coefficient and equity ratio are decreasing, suggesting that there are certain risks in the company's financial structure.
Finally, in terms of operating capacity, the total asset turnover days, inventory turnover days and accounts receivable turnover days have fluctuated, but overall, the company still has room for improvement in asset management and accounts receivable**. Total asset turnover, inventory turnover, and accounts receivable turnover vary greatly, and the company's operational efficiency needs to be paid attention to.
Overall, Sinotrans faces some challenges, such as fierce market competition, unstable profitability, and rising financial risks. To achieve sustainable growth, companies may need to strengthen their capital management, improve profitability, improve their financial structure, and focus on the efficiency of their business operations.