Kingold Jewelry Inc. Reports Higher Revenue
Kingold Jewelry Inc. (NASDAQ:KGJI) has reported that it has increased its revenue for the third quarter by 81 percent. The company is involved in the manufacturing of 24 carat gold jewelry. The company’s net income for the quarter stood at 12 cents per share. The company’s total income stood at $5.2 million. Kingold Jewelry Inc. had earned 12 cents per share in net income for the same quarter last year. The total net income figure for that period stood at $2.2 million.
* Kingold Jewelry Inc. reported $170 million in revenue.
* Kingold Jewelry Inc. had earned $94 million in revenue during the corresponding quarter of the last year.
Kingold Jewelry Inc. has reported that the increase in its revenue is mainly attributed to the increase in working capital and increase in demand. The company has also diversified into the other areas too.
Kingold Jewelry Inc. offers 24 karat quality of gold products. Its product range includes gold jewelry such as a chains, earrings and bracelets. The company has wide distribution network of retailers, wholesalers and distributors. The company is bases out of New York in the USA.
Key Financial Stats
Valuation
* Price/Earnings(TTM)17.50
* Price/Cash Flow18.00
* Price/Sales (TTM)0.81
* Price/Book5.68
Financial Strength
* Quick Ratio (MRQ)0.60
* Current Ratio (MRQ)5.10
* LT Debt to Equity (MRQ)0.00
* Total Debt to Capital (MRQ)0.15
* Return on Equity28.40
Assets
* Asset Turnover11.60
* Asset per Employee95122.64
* Inventory Turnover17.30
Per Share Data
* Earnings (TTM)0.46
* Current P/E Ratio5.10
* Cash Flow0.45
* Annual Dividend0.00
* Book Value1.43
* EBITDA5.90
Profitability
* Market Cap0.46
* Gross Margin (TTM)7.30
* Operating Margin (TTM)5.90
* Profit Margin (TTM) 4.00
Management Effectiveness
* Return on Equity (TTM)28.40%
* Return on Assets (TTM)23.50%
* Return on Investment (TTM)28.40%
