John Hancock Investors Trust (JHI)

Analysis: Margins & Ratios Industry: Asset Management Sector: Financial Services Live Price: $13.73

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	TTM	TTM-1	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Revenue	9,723,262	10,024,125	11,134,680	28,767,297	21,437,497	14,130,779	1,436,391	13,602,616	14,176,998	6,773,839	22,848,691	-4,594,862	17,778,063	10,346,933	14,847,353	16,260,559	16,477,205	18,733,231
Cost of Revenue	2,735,385	2,220,557	1,698,385	1,998,759	2,102,768	5,267,565	1,322,502	1,616,089	1,475,844	1,420,787	1,440,031	1,486,528	1,502,413	1,452,093	0	0	0	0
Cost of Revenue Margin	47.08%	34.52%	16.90%	6.95%	9.81%	37.28%	92.07%	11.88%	10.41%	20.97%	6.30%	-32.35%	8.45%	14.03%	0.00%	0.00%	0.00%	0.00%
Gross Profit	9,282,428	9,950,048	10,509,536	35,619,165	19,334,729	14,130,779	113,889	13,602,616	16,549,906	5,353,052	21,408,660	-6,081,390	16,275,650	8,894,840	14,847,353	16,260,559	16,477,205	18,733,231
Gross Profit Margin	69.31%	80.74%	90.73%	123.82%	90.19%	100.00%	7.93%	100.00%	116.74%	79.03%	93.70%	132.35%	91.55%	85.97%	100.00%	100.00%	100.00%	100.00%
R&D Expenses	-2	-1	0	0	0	0	0	-5	0	0	0	0	1	2	0	0	0	0
R&D Expenses Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses	782,907	596,116	564,906	3,202,636	2,063,161	438,168	1,532,836	377,717	350,290	281,567	253,340	380,922	323,054	2	1,711,162	1,831,111	1,871,655	1,796,869
SG&A Expenses Margin	37.53%	23.84%	12.54%	11.13%	9.62%	3.10%	106.71%	2.78%	2.47%	4.16%	1.11%	-8.29%	1.82%	0.00%	11.53%	11.26%	11.36%	9.59%
Operating Expenses	1,212,228	1,266,143	3,539,406	-3,114,958	28,697,530	1,676,601	1,532,836	427,247	1,721,280	972,753	294,983	427,504	370,472	6,546,124	21,424,258	2,883,592	7,064,609	10,440,997
Operating Expenses Margin	40.57%	29.64%	34.99%	-10.83%	133.87%	11.86%	106.71%	3.14%	12.14%	14.36%	1.29%	-9.30%	2.08%	63.27%	144.30%	17.73%	42.88%	55.74%
Operating Income (EBIT)	12,802,455	13,316,582	13,063,843	27,440,606	-21,479,700	12,454,178	14,006,533	11,946,653	26,302,159	1,873,388	22,553,708	-2,857,403	18,808,380	12,414,642	13,136,191	14,429,448	14,605,550	16,936,362
Operating Income (EBIT) Margin	383.69%	272.85%	183.94%	95.39%	-100.20%	88.14%	975.12%	87.83%	185.53%	27.66%	98.71%	62.19%	105.80%	119.98%	88.47%	88.74%	88.64%	90.41%
Interest Income	13,228,215	13,331,114	11,105,116	292,286	3,190,560	13,604,938	13,017,976	13,061,731	13,598,260	13,372,665	14,281,689	14,145,141	13,992,144	913,607	1,063,005	769,792	613,593	2,006,069
Interest Income Margin	366.20%	278.39%	124.13%	1.02%	14.88%	96.28%	906.30%	96.02%	95.92%	197.42%	62.51%	-307.85%	78.70%	8.83%	7.16%	4.73%	3.72%	10.71%
Interest Expense	3,910,491	2,715,459	1,972,617	5,872,161	1,247,911	5,267,565	4,847,819	1,616,089	623,159	1,222,665	2,583,122	2,164,963	1,400,789	0	0	0	0	0
Interest Expense Margin	128.89%	81.82%	38.12%	20.41%	5.82%	37.28%	337.50%	11.88%	4.40%	18.05%	11.31%	-47.12%	7.88%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Interest Income	9,317,724	10,615,655	8,934,837	-6,164,446	1,942,649	8,337,373	8,170,157	11,445,642	12,975,101	12,150,000	11,698,567	11,980,178	12,591,355	0	0	0	0	0
Net Interest Income Margin	237.31%	196.57%	84.41%	-21.43%	9.06%	59.00%	568.80%	84.14%	91.52%	179.37%	51.20%	-260.73%	70.83%	0.00%	0.00%	0.00%	0.00%	0.00%
Unusual Items	5,099,322	-1,596,262	-2,923,370	12,093,971	-3,302,438	-16,621,204	-3,322,338	35,241,508	-12,351,942	-10,927,335	-11,698,567	-9,815,215	-11,190,566	-8,261,132	19,713,096	1,052,482	5,192,954	-12,237,866
Unusual Items Margin	-29.95%	-67.66%	-18.59%	42.04%	-15.40%	-117.62%	-231.30%	259.08%	-87.13%	-161.32%	-51.20%	213.61%	-62.95%	-79.84%	132.77%	6.47%	31.52%	-65.33%
EBT Excluding Unusual Items	-6,713,913	5,893,452	9,778,083	8,832,539	-16,817,473	37,359,213	12,481,052	-69,982,005	38,030,942	11,578,058	34,252,275	4,792,849	28,598,157	28,023,299	-27,353,006	11,554,692	3,606,049	39,406,025
EBT Excluding Unusual Items Margin	206.27%	211.60%	135.11%	30.70%	-78.45%	264.38%	868.92%	-514.47%	268.26%	170.92%	149.91%	-104.31%	160.86%	270.84%	-184.23%	71.06%	21.89%	210.35%
Pre-Tax Income	-1,614,591	4,297,190	6,854,714	20,926,510	-20,119,911	20,738,009	9,158,714	-34,740,497	25,679,000	650,723	22,553,708	-5,022,366	17,407,591	19,762,167	-7,639,910	12,607,174	8,799,003	27,168,159
Pre-Tax Income Margin	176.33%	143.94%	116.52%	72.74%	-93.85%	146.76%	637.62%	-255.40%	181.13%	9.61%	98.71%	109.30%	97.92%	191.00%	-51.46%	77.53%	53.40%	145.03%
Income Tax Expense	0	0	1,864,724	0	3,079,673	0	0	0	0	0	0	-161,141	18,808,380	0	0	0	0	10,231,797
Income Tax Expense Margin	0.00%	0.00%	10.93%	0.00%	14.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.51%	105.80%	0.00%	0.00%	0.00%	0.00%	54.62%
Net Income	-1,614,591	4,297,190	6,946,783	20,926,510	-20,119,911	20,738,009	9,158,714	-34,740,497	25,679,000	650,723	22,553,708	-5,022,366	17,407,591	20,682,860	-7,639,910	12,607,174	8,799,003	27,168,159
Net Income Margin	176.33%	143.94%	117.41%	72.74%	-93.85%	146.76%	637.62%	-255.40%	181.13%	9.61%	98.71%	109.30%	97.92%	199.89%	-51.46%	77.53%	53.40%	145.03%
Depreciation and Amortization	-3,968,730	-2,381,238	-7,559,450	-25,340,263	-14,893,050	0	-11,906,190	0	0	0	-12,941,456	-12,681,262	-12,514,757	-12,414,642	-13,136,191	-14,429,448	-14,605,550	-16,936,362
Depreciation and Amortization Margin	-276.30%	-165.78%	-88.84%	-88.09%	-69.47%	0.00%	-828.90%	0.00%	0.00%	0.00%	-56.64%	275.99%	-70.39%	-119.98%	-88.47%	-88.74%	-88.64%	-90.41%
EBITDA	-3,848,624	3,325,935	613,236	0	-30,399,419	12,419,822	9,158,714	-33,124,408	26,302,159	1,873,388	0	-2,857,403	0	0	-7,639,910	-1,258,157	-5,806,500	10,231,797
EBITDA Margin	160.67%	139.04%	70.59%	0.00%	-141.80%	87.89%	637.62%	-243.51%	185.53%	27.66%	0.00%	62.19%	0.00%	0.00%	-51.46%	-7.74%	-35.24%	54.62%
NOPAT	12,802,455	13,316,582	11,040,822	27,440,606	-24,767,510	12,454,178	14,006,533	11,946,653	26,302,159	1,873,388	22,553,708	-2,765,724	-1,513,511	12,414,642	13,136,191	14,429,448	14,605,550	10,557,961
NOPAT Margin	383.69%	272.85%	172.31%	95.39%	-115.53%	88.14%	975.12%	87.83%	185.53%	27.66%	98.71%	60.19%	-8.51%	119.98%	88.47%	88.74%	88.64%	56.36%
Owner's Earnings	-1,614,594	4,297,188	6,946,782	20,926,501	-20,119,911	20,738,005	9,158,711	-34,740,497	25,678,997	650,723	22,553,708	-5,022,366	17,407,591	20,682,860	-7,639,910	12,607,174	8,799,003	27,168,159
Owner's Earnings Margin	176.33%	143.94%	117.41%	72.74%	-93.85%	146.76%	637.62%	-255.40%	181.13%	9.61%	98.71%	109.30%	97.92%	199.89%	-51.46%	77.53%	53.40%	145.03%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Revenue	9,723,262	10,024,125	11,134,680	14,130,779	1,436,391	13,602,616	14,176,998	6,773,839	22,848,691	-4,594,862	17,778,063	10,346,933	14,847,353	16,260,559	16,477,205	18,733,231
Cash & Cash Equivalents	713,371	192,662	266,213	1,406,894	5,764	727,456	2,194	-1,179,000	69,080	146,045	1,195,688	23,074	264,930	112,589	0	27,964
Cash & Cash Equivalents Margin	5.24%	-0.34%	0.42%	9.96%	0.40%	5.35%	0.02%	-17.41%	0.30%	-3.18%	6.73%	0.22%	1.78%	0.69%	0.00%	0.15%
Short-Term Investments	0	235,800	306,400	0	0	0	0	1,179,000	0	0	0	1,885,000	0	0	0	0
Short-Term Investments Margin	0.00%	3.48%	3.56%	0.00%	0.00%	0.00%	0.00%	17.41%	0.00%	0.00%	0.00%	18.22%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	713,371	664,262	690,513	1,406,894	5,764	727,456	2,194	1,179,000	69,080	146,045	1,195,688	1,908,074	264,930	112,589	0	27,964
Cash & Short-Term Investments Margin	5.24%	6.63%	5.72%	9.96%	0.40%	5.35%	0.02%	17.41%	0.30%	-3.18%	6.73%	18.44%	1.78%	0.69%	0.00%	0.15%
Net Receivables	3,419,232	3,748,388	4,490,483	3,208,798	3,371,528	3,677,370	4,716,049	3,768,196	3,761,344	6,177,639	5,704,244	5,094,196	5,425,461	9,729,468	9,636,978	3,872,581
Net Receivables Margin	94.82%	74.67%	37.32%	22.71%	234.72%	27.03%	33.27%	55.63%	16.46%	-134.45%	32.09%	49.23%	36.54%	59.83%	58.49%	20.67%
Inventory	0	0	743,442	0	0	0	0	0	7,434,424	0	0	0	0	0	0	0
Inventory Margin	0.00%	0.00%	3.25%	0.00%	0.00%	0.00%	0.00%	0.00%	32.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Assets	747,231	212,538	233,206	939,641	1,302,051	0	0	-1,179,000	-7,434,424	180,497	230,183	868,889	7,424,224	9,500,290	720,157	3,757,752
Other Current Assets Margin	32.43%	15.98%	10.31%	6.65%	90.65%	0.00%	0.00%	-17.41%	-32.54%	-3.93%	1.29%	8.40%	50.00%	58.43%	4.37%	20.06%
Total Current Assets	4,879,834	4,625,188	5,950,760	5,555,333	4,679,343	4,404,826	4,718,243	3,768,196	3,830,424	6,323,684	7,126,775	5,986,159	13,114,615	19,342,347	10,357,135	7,658,297
Total Current Assets Margin	132.49%	97.28%	55.18%	39.31%	325.77%	32.38%	33.28%	55.63%	16.76%	-137.63%	40.09%	57.85%	88.33%	118.95%	62.86%	40.88%
Property, Plant & Equipment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property, Plant & Equipment Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Investments	208,375,451	221,003,833	199,147,195	218,211,205	204,967,817	201,947,332	246,408,487	233,484,325	245,738,321	230,865,375	246,399,445	92,515,127	70,934,511	104,627,332	115,900,560	256,151,575
Long-Term Investments Margin	5,766.16%	4,496.69%	2,129.24%	1,544.23%	14,269.64%	1,484.62%	1,738.09%	3,446.85%	1,075.50%	-5,024.42%	1,385.97%	894.13%	477.76%	643.44%	703.40%	1,367.36%
Tax Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Assets Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	-239,326	-143,596	-16,989,736	-717,978	0	0	0	0	0	-230,865,375	-246,399,445	148,041,136	160,044,303	149,770,827	137,639,728	-256,151,575
Other Non-Current Assets Margin	-1.69%	-1.02%	614.21%	-5.08%	0.00%	0.00%	0.00%	0.00%	0.00%	5,024.42%	-1,385.97%	1,430.77%	1,077.93%	921.07%	835.33%	-1,367.36%
Other Assets	-286,138	-82,064	3,100	0	-1,083,370	224,957	221,722	226,372	219,093	222,229	0	0	0	0	0	0
Other Assets Margin	-24.59%	-13.77%	-7.27%	0.00%	-75.42%	1.65%	1.56%	3.34%	0.96%	-4.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	208,136,125	220,860,238	229,883,941	217,493,227	204,967,817	201,947,332	246,408,487	233,484,325	245,738,321	230,865,375	246,399,445	240,556,263	230,978,814	254,398,159	253,540,288	256,151,575
Total Non-Current Assets Margin	5,764.47%	4,495.67%	2,379.60%	1,539.15%	14,269.64%	1,484.62%	1,738.09%	3,446.85%	1,075.50%	-5,024.42%	1,385.97%	2,324.90%	1,555.69%	1,564.51%	1,538.73%	1,367.36%
Total Assets	212,729,822	225,403,362	235,837,801	223,048,560	208,563,790	206,577,115	251,348,452	237,478,893	249,787,838	237,411,288	253,526,220	246,542,422	244,093,429	273,740,506	263,897,423	263,809,872
Total Assets Margin	5,872.37%	4,579.17%	2,427.50%	1,578.46%	14,519.99%	1,518.66%	1,772.93%	3,505.82%	1,093.23%	-5,166.89%	1,426.06%	2,382.76%	1,644.02%	1,683.46%	1,601.59%	1,408.25%
Accounts Payable	3,678,247	2,848,760	2,913,766	5,866,178	3,381,844	1,786,718	1,901,233	1,307,827	2,602,087	2,491,037	2,776,940	1,716,963	5,306,834	14,159,863	3,845,980	0
Accounts Payable Margin	96.70%	64.56%	34.79%	41.51%	235.44%	13.14%	13.41%	19.31%	11.39%	-54.21%	15.62%	16.59%	35.74%	87.08%	23.34%	0.00%
Short-Term Debt	86,900,000	86,900,000	60,860,839	86,900,000	86,900,000	86,900,000	86,900,000	86,900,000	0	0	0	86,990,044	87,118,347	86,900,000	86,205,782	0
Short-Term Debt Margin	2,434.57%	1,839.91%	1,062.70%	614.97%	6,049.88%	638.85%	612.96%	1,282.88%	0.00%	0.00%	0.00%	840.73%	586.76%	534.42%	523.18%	0.00%
Tax Payables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Payables Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	-28,371,094	-51,140,844	-50,853,416	0	0	-85,113,282	-84,998,767	-85,592,173	-84,297,913	-84,408,963	-84,123,060	0	0	0	0	0
Deferred Revenue Margin	-208.57%	-497.77%	-149.39%	0.00%	0.00%	-625.71%	-599.55%	-1,263.57%	-368.94%	1,837.03%	-473.18%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	-29,865,421	-18,596,393	-1,399,516	-86,900,000	-909,544	-1,786,718	-1,910,377	-1,475,326	84,283,746	-2,516,148	-2,780,790	0	0	229	0	86,017,541
Other Current Liabilities Margin	-230.48%	-145.34%	-31.87%	-614.97%	-63.32%	-13.14%	-13.48%	-21.78%	368.88%	54.76%	-15.64%	0.00%	0.00%	0.00%	0.00%	459.17%
Total Current Liabilities	32,496,893	20,139,948	28,987,111	5,872,596	89,831,364	1,786,718	1,901,233	1,307,827	2,602,087	2,491,037	2,776,940	88,804,753	92,496,552	101,110,755	90,118,571	86,017,541
Total Current Liabilities Margin	2,102.89%	1,268.27%	779.54%	41.56%	6,253.96%	13.14%	13.41%	19.31%	11.39%	-54.21%	15.62%	858.27%	622.98%	621.82%	546.93%	459.17%
Long-Term Debt	0	0	26,092,024	0	0	0	0	0	86,900,000	86,900,000	86,900,000	0	220,244	565,163	811,228	1,209,063
Long-Term Debt Margin	0.00%	0.00%	-102.06%	0.00%	0.00%	0.00%	0.00%	0.00%	380.33%	-1,891.24%	488.80%	0.00%	1.48%	3.48%	4.92%	6.45%
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Liabilities	58,070,577	17,484,712	-8,616,460	87,052,901	87,028,437	130,393	-86,900,000	111,830	0	-86,900,000	-86,900,000	85,846	125,990	117,887	87,594	-1,209,063
Other Non-Current Liabilities Margin	2,225.28%	1,212.90%	746.86%	616.05%	6,058.83%	0.96%	-612.96%	1.65%	0.00%	1,891.24%	-488.80%	0.83%	0.85%	0.72%	0.53%	-6.45%
Total Non-Current Liabilities	58,070,577	52,273,634	61,965,980	87,052,901	87,028,437	130,393	87,044,607	111,830	89,763,971	89,508,370	89,782,457	88,890,599	346,234	683,050	898,822	1,209,063
Total Non-Current Liabilities Margin	2,225.28%	1,458.29%	710.28%	616.05%	6,058.83%	0.96%	613.98%	1.65%	392.86%	-1,948.01%	505.02%	859.10%	2.33%	4.20%	5.45%	6.45%
Total Liabilities	91,086,733	90,146,522	81,451,528	92,919,079	90,410,281	89,930,840	88,945,840	88,526,572	89,763,971	89,508,370	2,776,940	88,890,599	92,842,786	101,793,805	91,017,393	87,406,758
Total Liabilities Margin	2,537.65%	1,909.45%	949.21%	657.57%	6,294.27%	661.13%	627.40%	1,306.89%	392.86%	-1,948.01%	15.62%	859.10%	625.32%	626.02%	552.38%	466.59%
Preferred Stock	0	0	952,112	0	0	0	0	0	0	0	9,521,120	0	0	0	0	0
Preferred Stock Margin	0.00%	0.00%	5.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.56%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock	170,751,345	170,515,785	171,847,000	170,748,287	170,752,996	170,752,753	170,270,890	170,053,998	170,053,998	172,098,095	172,098,096	174,773,699	176,867,191	178,170,475	177,377,108	177,526,431
Common Stock Margin	4,783.76%	3,612.55%	1,891.00%	1,208.34%	11,887.64%	1,255.29%	1,201.04%	2,510.45%	744.26%	-3,745.45%	968.04%	1,689.14%	1,191.24%	1,095.72%	1,076.50%	947.66%
Retained Earnings	-49,108,257	-35,258,945	-23,411,520	-40,618,806	-52,599,487	-54,106,478	-7,868,278	-21,101,677	-10,030,131	-24,195,177	1,166,787	854,594	-25,616,548	-6,223,774	-4,497,078	-1,123,316
Retained Earnings Margin	-1,449.04%	-942.83%	-438.92%	-287.45%	-3,661.92%	-397.77%	-55.50%	-311.52%	-43.90%	526.57%	6.56%	8.26%	-172.53%	-38.28%	-27.29%	-6.00%
Accumulated OCI	0	0	-2,749,759	0	0	0	0	0	0	0	-9,521,120	-17,976,470	0	0	0	0
Accumulated OCI Margin	0.00%	0.00%	-22.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-53.56%	-173.74%	0.00%	0.00%	0.00%	0.00%
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholders’ Equity	121,643,088	135,256,840	145,685,721	130,129,481	118,153,509	116,646,275	162,402,612	148,952,321	160,023,867	147,902,918	163,743,763	157,651,823	151,250,643	171,946,701	172,880,030	176,403,115
Total Shareholders’ Equity Margin	3,334.71%	2,669.72%	1,429.35%	920.89%	8,225.72%	857.53%	1,145.54%	2,198.94%	700.36%	-3,218.88%	921.04%	1,523.66%	1,018.70%	1,057.45%	1,049.21%	941.66%
Total Equity	121,643,088	135,256,840	145,685,721	130,129,481	118,153,509	116,646,275	162,402,612	148,952,321	160,023,867	147,902,918	163,743,763	157,651,823	151,250,643	171,946,701	172,880,030	176,403,115
Total Equity Margin	3,334.71%	2,669.72%	1,429.35%	920.89%	8,225.72%	857.53%	1,145.54%	2,198.94%	700.36%	-3,218.88%	921.04%	1,523.66%	1,018.70%	1,057.45%	1,049.21%	941.66%
Total Liabilities & Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities & Equity Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Investments	208,375,451	221,239,633	190,202,082	218,211,205	204,967,817	201,947,332	246,408,487	234,663,325	245,738,321	230,865,375	246,399,445	1,885,000	70,934,511	104,627,332	115,900,560	256,151,575
Total Investments Margin	5,766.16%	4,500.17%	2,043.39%	1,544.23%	14,269.64%	1,484.62%	1,738.09%	3,464.26%	1,075.50%	-5,024.42%	1,385.97%	18.22%	477.76%	643.44%	703.40%	1,367.36%
Net Debt	86,186,629	86,707,338	86,677,647	85,493,106	86,894,236	86,172,544	86,897,806	88,079,000	86,830,920	86,753,955	85,704,312	86,876,926	87,073,661	87,352,574	87,017,010	-27,964
Net Debt Margin	2,429.33%	1,840.25%	960.14%	605.01%	6,049.48%	633.50%	612.95%	1,300.28%	380.03%	-1,888.06%	482.08%	839.64%	586.46%	537.21%	528.11%	-0.15%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Revenue	9,723,262	10,024,125	11,134,680	14,130,779	1,436,391	13,602,616	14,176,998	6,773,839	22,848,691	-4,594,862	17,778,063	10,346,933	14,847,353	16,260,559	16,477,205	18,733,231
Working Capital	-27,617,059	-15,514,759	-23,036,351	-317,263	-85,152,021	2,618,108	2,817,010	2,460,369	1,228,337	3,832,647	4,349,835	-82,818,594	-79,381,937	-81,768,408	-79,761,436	-78,359,244
Working Capital Margin	-1,970.40%	-1,171.00%	-724.36%	-2.25%	-5,928.19%	19.25%	19.87%	36.32%	5.38%	-83.41%	24.47%	-800.42%	-534.65%	-502.86%	-484.07%	-418.29%
Total Capital	208,543,088	222,156,840	232,629,580	217,029,481	205,053,509	203,546,275	249,302,612	235,852,321	246,923,867	234,802,918	250,643,763	244,551,823	238,589,234	259,411,864	259,897,040	177,612,178
Total Capital Margin	5,769.28%	4,509.63%	2,389.90%	1,535.86%	14,275.61%	1,496.38%	1,758.50%	3,481.81%	1,080.69%	-5,110.12%	1,409.85%	2,363.52%	1,606.95%	1,595.34%	1,577.31%	948.11%
Capital Employed	180,232,929	205,263,414	206,850,690	217,175,964	118,732,426	204,790,397	249,447,219	236,171,066	247,185,751	234,920,251	250,749,280	157,737,669	151,596,877	172,629,751	173,778,852	177,792,331
Capital Employed Margin	3,769.48%	3,310.90%	1,647.96%	1,536.90%	8,266.02%	1,505.52%	1,759.52%	3,486.52%	1,081.84%	-5,112.67%	1,410.44%	1,524.49%	1,021.04%	1,061.65%	1,054.66%	949.07%
Invested Capital	207,829,717	221,964,178	232,363,368	215,622,587	205,047,745	202,818,819	249,300,418	237,031,321	246,854,787	234,656,873	249,448,075	244,528,749	238,324,304	259,299,275	259,897,040	177,584,214
Invested Capital Margin	5,764.05%	4,509.97%	2,389.49%	1,525.91%	14,275.20%	1,491.03%	1,758.49%	3,499.22%	1,080.39%	-5,106.94%	1,403.12%	2,363.30%	1,605.16%	1,594.65%	1,577.31%	947.96%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Revenue	9,723,262	10,024,125	11,134,680	14,130,779	1,436,391	13,602,616	14,176,998	6,773,839	22,848,691	-4,594,862	17,778,063	10,346,933	14,847,353	16,260,559	16,477,205	18,733,231
Net Income	-1,614,591	4,297,190	6,854,714	20,738,009	9,158,714	-34,740,497	25,679,000	650,723	22,553,708	-5,022,366	17,407,591	19,762,167	-7,639,910	12,607,174	8,799,003	27,168,159
Net Income Margin	176.33%	143.94%	116.52%	146.76%	637.62%	-255.40%	181.13%	9.61%	98.71%	109.30%	97.92%	191.00%	-51.46%	77.53%	53.40%	145.03%
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation & Amortization Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Income Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Income Tax Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Change in Working Capital	1,509,122	534,940	584,518	2,940,101	-486,937	2,074,201	-434,936	-1,417,727	2,855,415	-743,796	359,900	-3,254,040	3,952,995	-430,006	-6,067,929	698,701
Change in Working Capital Margin	0.72%	-4.37%	0.40%	20.81%	-33.90%	15.25%	-3.07%	-20.93%	12.50%	16.19%	2.02%	-31.45%	26.62%	-2.64%	-36.83%	3.73%
Accounts Receivable	592,935	164,820	679,222	434,285	305,842	1,038,678	-947,853	-6,852	2,416,295	-473,395	-610,048	331,265	4,304,007	-92,490	-5,764,397	698,701
Accounts Receivable Margin	10.67%	5.04%	7.49%	3.07%	21.29%	7.64%	-6.69%	-0.10%	10.58%	10.30%	-3.43%	3.20%	28.99%	-0.57%	-34.98%	3.73%
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Accounts Payable	1,199,879	605,628	14,756	2,518,834	450,374	630,430	601,599	-1,173,099	130,397	-342,990	913,191	-3,581,177	0	0	0	0
Accounts Payable Margin	17.94%	8.15%	1.93%	17.83%	31.35%	4.63%	4.24%	-17.32%	0.57%	7.46%	5.14%	-34.61%	0.00%	0.00%	0.00%	0.00%
Other Working Capital	-254,368	-217,912	-98,625	73,390	-1,241,586	405,092	-88,682	-237,776	308,723	-103,640	253,373	-4,128	-351,012	-337,516	-303,532	0
Other Working Capital Margin	-27.65%	-17.42%	-8.44%	0.52%	-86.44%	2.98%	-0.63%	-3.51%	1.35%	2.26%	1.43%	-0.04%	-2.36%	-2.08%	-1.84%	0.00%
Other Non-Cash Items	10,223,521	6,015,519	3,765,591	-13,519,390	-217,444	44,407,398	-12,851,237	12,258,269	-15,053,329	15,534,998	-5,279,226	-4,594,441	16,970,316	401,012	9,257,268	-14,327,367
Other Non-Cash Items Margin	71.88%	61.19%	-5.78%	-95.67%	-15.14%	326.46%	-90.65%	180.96%	-65.88%	-338.09%	-29.70%	-44.40%	114.30%	2.47%	56.18%	-76.48%
Net Cash from Operating Activities	10,118,052	10,847,649	10,879,832	10,158,720	8,454,333	11,741,102	12,392,827	11,491,265	10,355,794	9,768,836	12,488,265	8,663,774	13,283,401	12,578,180	11,988,342	12,840,792
Net Cash from Operating Activities Margin	248.93%	200.77%	108.00%	71.89%	588.58%	86.32%	87.42%	169.64%	45.32%	-212.60%	70.25%	83.73%	89.47%	77.35%	72.76%	68.55%
Capital Expenditures (PPE)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Expenditures (PPE) Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Acquisitions (Net)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Acquisitions (Net) Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Purchases of Investments	-98,349,828	-112,931,269	-105,619,115	-118,904,344	-90,303,936	-85,841,205	-126,774,753	-142,832,107	-94,368,571	-124,355,375	-127,399,091	-145,411,763	0	0	0	0
Purchases of Investments Margin	-2,586.46%	-2,152.44%	-1,059.08%	-841.46%	-6,286.86%	-631.06%	-894.23%	-2,108.58%	-413.02%	2,706.40%	-716.61%	-1,405.36%	0.00%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	100,158,699	114,710,862	106,400,783	119,202,886	90,878,907	90,394,303	130,488,123	142,590,092	93,248,140	122,339,011	129,765,248	145,101,120	0	0	0	0
Sales / Maturities of Investments Margin	2,611.67%	2,172.09%	1,073.83%	843.57%	6,326.89%	664.54%	920.42%	2,105.01%	408.11%	-2,662.52%	729.92%	1,402.36%	0.00%	0.00%	0.00%	0.00%
Other Investing Activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Investing Activities Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Cash from Investing Activities	1,808,870	1,779,593	781,669	298,542	574,971	4,553,098	3,713,370	-242,015	-1,120,431	-2,016,363	2,366,157	-310,643	0	0	0	0
Net Cash from Investing Activities Margin	25.20%	19.65%	14.75%	2.11%	40.03%	33.47%	26.19%	-3.57%	-4.90%	43.88%	13.31%	-3.00%	0.00%	0.00%	0.00%	0.00%
Net Debt Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000,000	0	-1,800,000
Net Debt Issuance Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.15%	0.00%	-9.61%
Long-Term Debt Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000,000	0	-1,800,000
Long-Term Debt Issuance Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.15%	0.00%	-9.61%
Short-Term Debt Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Debt Issuance Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	0	0	-118,083	0	0	0	0	0	0	0	0	-1,180,832	0	319,029	0	443,812
Net Stock Issuance Margin	0.00%	0.00%	-1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.41%	0.00%	1.96%	0.00%	2.37%
Common Stock Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Issuance Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Stock Repurchased	0	0	-118,083	0	0	0	0	0	0	0	0	-1,180,832	0	0	0	0
Common Stock Repurchased Margin	0.00%	0.00%	-1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-11.41%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Issuance Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Dividends Paid	-9,143,119	-10,276,067	-10,918,353	-8,762,037	-7,651,480	-11,015,840	-12,228,709	-11,722,269	-10,432,759	-10,818,479	-11,315,651	-12,180,155	-13,056,148	-13,859,532	-14,044,887	-15,418,770
Net Dividends Paid Margin	-225.23%	-187.00%	-101.45%	-62.01%	-532.69%	-80.98%	-86.26%	-173.05%	-45.66%	235.45%	-63.65%	-117.72%	-87.94%	-85.23%	-85.24%	-82.31%
Common Dividends Paid	-9,143,119	-10,276,067	-10,918,353	-8,762,037	-7,651,480	-11,015,840	-12,228,709	-11,722,269	-10,432,759	-10,818,479	-11,315,651	-12,180,155	-13,056,148	-13,859,532	-14,044,887	-15,418,770
Common Dividends Paid Margin	-225.23%	-187.00%	-101.45%	-62.01%	-532.69%	-80.98%	-86.26%	-173.05%	-45.66%	235.45%	-63.65%	-117.72%	-87.94%	-85.23%	-85.24%	-82.31%
Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Dividends Paid Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Other Financing Activities	0	0	0	0	0	0	-161,924	161,924	0	0	0	0	0	0	2,028,581	0
Other Financing Activities Margin	0.00%	0.25%	0.12%	0.00%	0.00%	0.00%	-1.14%	2.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.31%	0.00%
Net Cash from Financing Activities	-9,143,119	-10,276,067	-11,036,436	-8,762,037	-7,651,480	-11,015,840	-12,390,633	-11,560,345	-10,432,759	-10,818,479	-11,315,651	-13,360,987	-13,056,148	-12,540,503	-12,016,306	-16,774,958
Net Cash from Financing Activities Margin	-225.23%	-186.75%	-102.47%	-62.01%	-532.69%	-80.98%	-87.40%	-170.66%	-45.66%	235.45%	-63.65%	-129.13%	-87.94%	-77.12%	-72.93%	-89.55%
Effect of FX on Cash	-2,067,138	-1,934,554	-855,234	451,199	-2,099,516	-4,553,098	-3,713,370	242,015	1,120,431	0	0	0	0	0	0	0
Effect of FX on Cash Margin	-58.82%	-39.81%	-19.42%	3.19%	-146.17%	-33.47%	-26.19%	3.57%	4.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Change in Cash	466,751	266,673	136,477	1,396,683	-721,692	725,262	2,194	-69,080	-76,965	-1,049,643	1,172,614	-241,856	227,253	37,677	-27,964	-3,934,166
Net Change in Cash Margin	-11.68%	-7.21%	-0.77%	9.88%	-50.24%	5.33%	0.02%	-1.02%	-0.34%	22.84%	6.60%	-2.34%	1.53%	0.23%	-0.17%	-21.00%
Cash at Beginning of Period	245,138	160,899	247,191	5,764	727,456	2,194	0	69,080	146,045	1,195,688	23,074	264,930	37,677	0	0	3,962,130
Cash at Beginning of Period Margin	16.90%	10.34%	2.93%	0.04%	50.64%	0.02%	0.00%	1.02%	0.64%	-26.02%	0.13%	2.56%	0.25%	0.00%	0.00%	21.15%
Cash at End of Period	711,889	427,572	383,668	1,402,447	5,764	727,456	2,194	0	69,080	146,045	1,195,688	23,074	264,930	37,677	-27,964	27,964
Cash at End of Period Margin	5.22%	3.14%	2.15%	9.92%	0.40%	5.35%	0.02%	0.00%	0.30%	-3.18%	6.73%	0.22%	1.78%	0.23%	-0.17%	0.15%
Operating Cash Flow	9,609,870	10,542,740	10,727,377	10,158,720	6,929,788	11,741,102	12,392,827	11,491,265	10,355,794	9,768,836	12,488,265	8,663,774	13,283,401	12,578,180	11,988,342	12,840,792
Operating Cash Flow Margin	213.55%	179.54%	97.39%	71.89%	482.44%	86.32%	87.42%	169.64%	45.32%	-212.60%	70.25%	83.73%	89.47%	77.35%	72.76%	68.55%
Capital Expenditure	0	0	0	4	-3	0	-3	0	0	0	0	0	0	0	0	0
Capital Expenditure Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow	9,609,869	10,542,740	10,727,377	10,158,720	6,929,785	11,741,102	12,392,827	11,491,265	10,355,794	9,768,836	12,488,265	8,663,774	13,283,401	12,578,180	11,988,342	12,840,792
Free Cash Flow Margin	213.55%	179.54%	97.39%	71.89%	482.44%	86.32%	87.42%	169.64%	45.32%	-212.60%	70.25%	83.73%	89.47%	77.35%	72.76%	68.55%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2024-10-31	2023-10-31	2022-10-31	2021-10-31	2020-10-31	2019-10-31	2018-10-31	2017-10-31	2016-10-31	2015-10-31	2014-10-31	2013-10-31	2012-10-31
Revenue	9,723,262	10,024,125	11,134,680	14,130,779	1,436,391	13,602,616	14,176,998	6,773,839	22,848,691	-4,594,862	17,778,063	10,346,933	14,847,353	16,260,559	16,477,205	18,733,231
EBITDA	-3,848,624	3,325,935	613,236	12,419,822	9,158,714	-33,124,408	26,302,159	1,873,388	0	-2,857,403	0	0	-7,639,910	-1,258,157	-5,806,500	10,231,797
EBITDA Margin	160.67%	139.04%	70.59%	87.89%	637.62%	-243.51%	185.53%	27.66%	0.00%	62.19%	0.00%	0.00%	-51.46%	-7.74%	-35.24%	54.62%
(-) Tax Adjustment	0	0	9,168	0	0	0	0	0	0	91,679	0	0	0	0	0	3,853,396
(-) Tax Adjustment Margin	0.00%	0.00%	-0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.57%
(-) Change In Working Capital	1,509,122	534,940	584,518	2,940,101	-486,937	2,074,201	-434,936	-1,417,727	2,855,415	-743,796	359,900	-3,254,040	3,952,995	-430,006	-6,067,929	698,701
(-) Change In Working Capital Margin	0.72%	-4.37%	0.40%	20.81%	-33.90%	15.25%	-3.07%	-20.93%	12.50%	16.19%	2.02%	-31.45%	26.62%	-2.64%	-36.83%	3.73%
(-) Capital Expenditure	0	0	0	4	-3	0	-3	0	0	0	0	0	0	0	0	0
(-) Capital Expenditure Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Unlevered Free Cash Flow	-5,357,748	2,790,993	19,550	9,479,717	9,645,648	-35,198,609	26,737,092	3,291,115	-2,855,415	-2,205,286	-359,900	3,254,040	-11,592,905	-828,151	261,429	5,679,700
Unlevered Free Cash Flow Margin	159.95%	143.40%	70.39%	67.09%	671.52%	-258.76%	188.59%	48.59%	-12.50%	47.99%	-2.02%	31.45%	-78.08%	-5.09%	1.59%	30.32%
(-) Net Interest Income After Taxes	9,317,724	10,615,655	7,810,478	8,337,373	8,170,157	11,445,642	12,975,101	12,150,000	11,698,567	12,364,558	-1,013,226	913,607	1,063,005	769,792	613,593	1,250,564
(-) Net Interest Income After Taxes Margin	237.31%	196.57%	77.52%	59.00%	568.80%	84.14%	91.52%	179.37%	51.20%	-269.10%	-5.70%	8.83%	7.16%	4.73%	3.72%	6.68%
Net Debt Issuance	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000,000	0	-1,800,000
Net Debt Issuance Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.15%	0.00%	-9.61%
Levered Free Cash Flow	-14,675,472	-7,824,662	-7,790,929	1,142,344	1,475,491	-46,644,251	13,761,991	-8,858,885	-14,553,982	-14,569,844	653,326	2,340,433	-12,655,910	-597,943	-352,164	2,629,137
Levered Free Cash Flow Margin	-77.37%	-53.16%	-7.14%	8.08%	102.72%	-342.91%	97.07%	-130.78%	-63.70%	317.09%	3.67%	22.62%	-85.24%	-3.68%	-2.14%	14.03%