Definitive Analysis
Financial Statements
Company Industry Sector
Periods / Units
Fundamentals
Margins Returns Growth Rates Metrics/Ratios
Valuations
Projections DCF DDM EPV Multiples Valuations
Miscellaneous
Indicators Charts WACC Beta Predictability
Analysis Mode
Full Access
See Pricing Start Trial

Qrf Comm. VA (QRF.BR)

Analysis: Margins & Ratios Industry: REIT - Retail Sector: Real Estate Live Price: $10.85

Income Statement Margins

Metric3Y Avg5Y Avg10Y AvgTTMTTM-12024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Revenue
16,558,459
16,049,709
16,710,325
38,379,381
32,160,712
16,241,811
17,690,799
15,742,768
14,413,551
16,159,616
19,263,079
19,499,097
18,936,646
17,019,145
12,136,738
10,090,072
334,653
Cost of Revenue
2,042,360
2,328,478
2,461,400
5,288,687
3,523,834
2,370,750
1,743,717
2,012,613
1,598,113
3,917,198
3,061,192
2,935,550
2,792,295
2,204,011
1,978,561
929,982
43,446
Cost of Revenue Margin
12.41%
14.51%
14.75%
13.78%
10.96%
14.60%
9.86%
12.78%
11.09%
24.24%
15.89%
15.05%
14.75%
12.95%
16.30%
9.22%
12.98%
Gross Profit
14,516,099
13,721,230
14,248,925
30,110,523
28,636,877
13,871,061
15,947,082
13,730,154
12,815,437
12,242,418
16,201,888
16,563,547
16,144,351
14,815,134
10,158,177
9,160,090
291,207
Gross Profit Margin
87.59%
85.49%
85.25%
78.45%
89.04%
85.40%
90.14%
87.22%
88.91%
75.76%
84.11%
84.95%
85.25%
87.05%
83.70%
90.78%
87.02%
R&D Expenses
0
0
0
0
58,711
0
0
0
0
0
0
0
0
0
0
0
0
R&D Expenses Margin
0.00%
0.00%
0.00%
0.00%
0.18%
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
2,314,388
2,160,565
2,225,029
7,384,670
2,422,416
3,728,149
911,195
2,303,820
2,085,415
1,774,246
2,283,858
2,564,496
2,378,970
2,464,688
1,755,459
1,547,622
144,429
SG&A Expenses Margin
14.25%
13.64%
13.47%
19.24%
7.53%
22.95%
5.15%
14.63%
14.47%
10.98%
11.86%
13.15%
12.56%
14.48%
14.46%
15.34%
43.16%
Operating Expenses
4,111,336
3,123,660
8,550,670
15,735,722
13,502,355
3,728,149
13,374,366
-4,768,507
1,073,237
2,211,056
36,235,255
15,228,459
9,472,433
4,370,447
4,581,806
4,850,703
144,429
Operating Expenses Margin
22.75%
17.88%
46.91%
41.00%
41.98%
22.95%
75.60%
-30.29%
7.45%
13.68%
188.11%
78.10%
50.02%
25.68%
37.75%
48.07%
43.16%
Operating Income (EBIT)
7,533,796
7,075,850
6,382,708
19,977,005
26,438,738
10,142,912
2,572,716
9,885,758
2,746,501
10,031,361
-20,033,367
14,008,445
13,767,730
12,359,840
8,345,182
6,740,023
-1,948,031
Operating Income (EBIT) Margin
46.60%
44.18%
40.28%
52.05%
82.21%
62.45%
14.54%
62.80%
19.05%
62.08%
-104.00%
71.84%
72.70%
72.62%
68.76%
66.80%
-582.11%
Interest Income
-5,480
99,809
904,149
-2,017,310
2,050,188
91,589
-118,596
10,568
55,188
460,294
0
0
3,395,844
3,047,101
2,099,505
1,849,397
49,317
Interest Income Margin
-0.01%
0.64%
5.63%
-5.26%
6.37%
0.56%
-0.67%
0.07%
0.38%
2.85%
0.00%
0.00%
17.93%
17.90%
17.30%
18.33%
14.74%
Interest Expense
2,861,574
2,095,043
2,153,754
4,342,266
5,218,234
0
6,330,220
2,254,502
1,890,494
0
2,227,495
2,610,291
2,449,423
2,207,534
1,567,584
1,295,165
49,317
Interest Expense Margin
16.70%
12.64%
12.70%
11.31%
16.23%
0.00%
35.78%
14.32%
13.12%
0.00%
11.56%
13.39%
12.93%
12.97%
12.92%
12.84%
14.74%
Net Interest Income
-2,867,054
-1,995,235
-2,101,149
-8,009,355
-3,168,046
91,589
-6,448,816
-2,243,934
-1,835,306
460,294
-2,227,495
-2,610,291
-2,437,681
-2,196,966
-1,562,887
-1,466,601
-65,756
Net Interest Income Margin
-16.71%
-12.01%
-12.36%
-20.87%
-9.85%
0.56%
-36.45%
-14.25%
-12.73%
2.85%
-11.56%
-13.39%
-12.87%
-12.91%
-12.88%
-14.54%
-19.65%
Unusual Items
1,525,703
4,718,955
5,681,816
7,362,359
25,613,259
-2,866,271
10,149,958
-2,706,577
2,586,807
16,430,860
6,498,133
15,695,799
6,752,939
1,918,675
2,357,834
2,795,818
65,756
Unusual Items Margin
7.51%
28.43%
32.27%
19.18%
79.64%
-17.65%
57.37%
-17.19%
17.95%
101.68%
33.73%
80.50%
35.66%
11.27%
19.43%
27.71%
19.65%
EBT Excluding Unusual Items
7,349,443
-366,826
-3,731,319
11,611,862
-21,619,736
15,783,865
-11,278,383
17,542,847
-591,807
-23,290,654
-30,802,139
-14,772,862
-684,570
7,682,921
3,097,592
594,155
-2,079,544
EBT Excluding Unusual Items Margin
48.29%
-0.67%
-17.20%
30.26%
-67.22%
97.18%
-63.75%
111.43%
-4.11%
-144.13%
-159.90%
-75.76%
-3.62%
45.14%
25.52%
5.89%
-621.40%
Pre-Tax Income
8,875,146
4,352,129
1,950,497
18,974,221
3,993,524
12,917,594
-1,128,425
14,836,270
1,995,000
-6,859,793
-24,304,006
922,937
6,068,369
9,601,597
5,455,426
3,389,973
-2,013,787
Pre-Tax Income Margin
55.80%
27.76%
15.08%
49.44%
12.42%
79.53%
-6.38%
94.24%
13.84%
-42.45%
-126.17%
4.73%
32.05%
56.42%
44.95%
33.60%
-601.75%
Income Tax Expense
628,599
105,680
150,535
1,985,606
49,319
85,718
1,755,459
44,620
-737,410
-619,988
-243,064
170,262
483,779
477,908
88,067
-4,697
16,439
Income Tax Expense Margin
3.58%
0.36%
0.75%
5.17%
0.15%
0.53%
9.92%
0.28%
-5.12%
-3.84%
-1.26%
0.87%
2.55%
2.81%
0.73%
-0.05%
4.91%
Net Income
8,247,330
4,246,919
1,801,723
16,987,441
24,338,375
12,831,876
-2,882,710
14,792,824
2,732,410
-6,239,805
-24,045,677
713,926
5,596,333
9,137,780
5,380,276
3,409,935
-2,013,787
Net Income Margin
52.23%
27.40%
14.34%
44.26%
75.68%
79.01%
-16.29%
93.97%
18.96%
-38.61%
-124.83%
3.66%
29.55%
53.69%
44.33%
33.79%
-601.75%
Depreciation and Amortization
39,532
33,348
-808,333
163,217
11,223,195
43,446
31,704
43,446
48,143
0
19,962
25,833
27,007
22,310
-8,345,182
-6,740,023
1,259,938
Depreciation and Amortization Margin
0.24%
0.21%
-6.72%
0.43%
34.90%
0.27%
0.18%
0.28%
0.33%
0.00%
0.10%
0.13%
0.14%
0.13%
-68.76%
-66.80%
376.49%
EBITDA
11,320,655
11,156,734
7,320,087
18,121,737
30,809,184
10,186,359
5,233,499
18,542,108
11,790,343
10,031,361
-20,013,406
4,305,865
13,853,448
12,392,718
6,878,581
4,791,992
-688,093
EBITDA Margin
70.03%
70.79%
47.48%
47.22%
95.80%
62.72%
29.58%
117.78%
81.80%
62.08%
-103.90%
22.08%
73.16%
72.82%
56.68%
47.49%
-205.61%
NOPAT
8,835,550
7,878,613
6,360,950
17,886,460
26,112,228
10,075,606
6,575,016
9,856,027
3,761,687
9,124,727
-19,833,014
11,424,190
12,670,147
11,744,644
8,210,466
6,749,361
-1,963,933
NOPAT Margin
53.94%
48.87%
40.36%
46.60%
81.19%
62.03%
37.17%
62.61%
26.10%
56.47%
-102.96%
58.59%
66.91%
69.01%
67.65%
66.89%
-586.86%
Owner's Earnings
8,043,798
4,117,520
1,741,016
16,517,753
24,425,267
12,412,680
-3,108,160
14,826,876
2,683,093
-6,226,889
-24,025,715
733,888
5,569,325
9,144,825
5,400,238
3,354,747
-2,013,787
Owner's Earnings Margin
51.01%
26.62%
13.98%
43.04%
75.95%
76.42%
-17.57%
94.18%
18.62%
-38.53%
-124.72%
3.76%
29.41%
53.73%
44.49%
33.25%
-601.75%

Balance Sheet Margins

Metric3Y Avg5Y Avg10Y Avg2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Revenue
16,558,459
16,049,709
16,710,325
16,241,811
17,690,799
15,742,768
14,413,551
16,159,616
19,263,079
19,499,097
18,936,646
17,019,145
12,136,738
10,090,072
334,653
Cash & Cash Equivalents
1,034,488
1,233,636
2,712,213
519,005
555,406
2,029,052
1,036,836
2,027,878
2,915,588
2,559,800
3,025,965
8,225,411
4,227,192
3,328,914
9,977,347
Cash & Cash Equivalents Margin
6.41%
7.79%
16.64%
3.20%
3.14%
12.89%
7.19%
12.55%
15.14%
13.13%
15.98%
48.33%
34.83%
32.99%
2,981.40%
Short-Term Investments
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Short-Term Investments 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%
Cash & Short-Term Investments
1,034,488
1,233,636
2,712,213
519,005
555,406
2,029,052
1,036,836
2,027,878
2,915,588
2,559,800
3,025,965
8,225,411
4,227,192
3,328,914
9,977,347
Cash & Short-Term Investments Margin
6.41%
7.79%
16.64%
3.20%
3.14%
12.89%
7.19%
12.55%
15.14%
13.13%
15.98%
48.33%
34.83%
32.99%
2,981.40%
Net Receivables
2,157,825
2,523,399
1,404,015
2,056,059
2,248,631
2,168,784
4,477,301
1,666,218
0
0
738,584
0
684,570
0
39,923
Net Receivables Margin
13.05%
16.10%
9.01%
12.66%
12.71%
13.78%
31.06%
10.31%
0.00%
0.00%
3.90%
0.00%
5.64%
0.00%
11.93%
Inventory
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%
Other Current Assets
1,883,840
-98,400
-49,200
382,796
7,437,509
-2,168,784
-4,477,301
-1,666,218
0
0
0
0
0
0
5,136,038
Other Current Assets Margin
10.21%
-2.15%
-1.08%
2.36%
42.04%
-13.78%
-31.06%
-10.31%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1,534.74%
Total Current Assets
5,076,153
3,658,635
3,924,713
2,957,860
10,241,547
2,029,052
1,036,836
2,027,878
2,915,588
2,559,800
3,025,965
8,225,411
4,227,192
3,328,914
15,168,574
Total Current Assets Margin
29.66%
21.75%
23.61%
18.21%
57.89%
12.89%
7.19%
12.55%
15.14%
13.13%
15.98%
48.33%
34.83%
32.99%
4,532.63%
Property, Plant & Equipment
179,264
116,248
120,875,733
502,566
21,136
14,091
14,091
29,356
17,613
319,183,526
337,533,062
294,434,491
257,007,403
163,523,051
134,097,098
Property, Plant & Equipment Margin
1.10%
0.72%
727.06%
3.09%
0.12%
0.09%
0.10%
0.18%
0.09%
1,636.91%
1,782.43%
1,730.02%
2,117.60%
1,620.63%
40,070.53%
Goodwill
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%
Intangible Assets
19,962
29,121
14,560
15,265
3,523
41,098
75,150
10,568
0
0
0
0
0
4,697
0
Intangible Assets Margin
0.12%
0.19%
0.10%
0.09%
0.02%
0.26%
0.52%
0.07%
0.00%
0.00%
0.00%
0.00%
0.00%
0.05%
0.00%
Long-Term Investments
19,255,642
23,719,479
11,941,935
0
29,759,432
28,007,495
29,998,973
30,831,495
821,954
0
0
0
0
0
0
Long-Term Investments Margin
115.38%
149.01%
74.93%
0.00%
168.22%
177.91%
208.13%
190.79%
4.27%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Tax Assets
83,537,925
92,818,568
46,409,284
0
248,959,299
1,654,476
1,538,228
211,940,839
0
0
0
0
0
0
0
Tax Assets Margin
472.60%
548.00%
274.00%
0.00%
1,407.28%
10.51%
10.67%
1,311.55%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Other Non-Current Assets
170,466,997
145,228,469
-24,083,135
259,439,212
7,732,239
244,229,540
212,771,012
1,970,341
241,184,788
-319,183,526
-337,533,062
-294,434,491
-257,007,403
-163,527,748
4,697
Other Non-Current Assets Margin
1,064.15%
936.16%
-133.41%
1,597.35%
43.71%
1,551.38%
1,476.19%
12.19%
1,252.06%
-1,636.91%
-1,782.43%
-1,730.02%
-2,117.60%
-1,620.68%
1.40%
Other Assets
100,935,951
74,721,725
43,537,025
262,914,903
1,174
39,891,776
36,332,715
34,468,054
56,078,399
1,984,432
1,517,092
1,101,418
1,080,282
2,168,784
0
Other Assets Margin
624.05%
467.51%
266.22%
1,618.75%
0.01%
253.40%
252.07%
213.30%
291.12%
10.18%
8.01%
6.47%
8.90%
21.49%
0.00%
Total Non-Current Assets
273,459,790
261,911,885
275,974,226
259,957,043
286,475,628
273,946,700
244,397,454
244,782,598
242,024,355
319,183,526
337,533,062
294,434,491
257,007,403
163,527,748
134,101,795
Total Non-Current Assets Margin
1,653.34%
1,634.08%
1,669.38%
1,600.54%
1,619.35%
1,740.14%
1,695.61%
1,514.78%
1,256.42%
1,636.91%
1,782.43%
1,730.02%
2,117.60%
1,620.68%
40,071.93%
Total Assets
291,833,593
287,709,263
297,144,473
262,914,903
296,718,349
315,867,528
281,767,005
281,278,530
301,018,342
323,727,757
342,076,119
303,761,320
262,314,877
169,025,446
149,270,369
Total Assets Margin
1,767.48%
1,799.59%
1,797.34%
1,618.75%
1,677.25%
2,006.43%
1,954.88%
1,740.63%
1,562.67%
1,660.22%
1,806.42%
1,784.82%
2,161.33%
1,675.17%
44,604.56%
Accounts Payable
2,306,168
1,612,909
1,422,333
3,343,004
2,196,966
1,378,534
422,719
723,320
638,776
949,944
1,939,811
1,959,773
670,480
484,953
3,149,258
Accounts Payable Margin
13.92%
9.83%
8.46%
20.58%
12.42%
8.76%
2.93%
4.48%
3.32%
4.87%
10.24%
11.52%
5.52%
4.81%
941.05%
Short-Term Debt
34,859,852
34,900,402
25,668,919
34,799,184
24,734,944
45,045,428
57,536,780
12,385,673
37,573,866
14,090,640
29,348,455
0
1,174,220
0
0
Short-Term Debt Margin
213.40%
223.21%
154.80%
214.26%
139.82%
286.13%
399.19%
76.65%
195.06%
72.26%
154.98%
0.00%
9.67%
0.00%
0.00%
Tax Payables
155,388
386,788
951,705
0
226,624
239,541
105,680
1,362,095
209,011
51,666
454,423
5,966,212
901,801
783,205
174,959
Tax Payables Margin
0.93%
2.39%
5.82%
0.00%
1.28%
1.52%
0.73%
8.43%
1.09%
0.26%
2.40%
35.06%
7.43%
7.76%
52.28%
Deferred Revenue
702,184
1,180,091
657,681
0
0
2,106,551
1,863,487
1,930,418
152,649
83,370
112,725
108,028
219,579
0
0
Deferred Revenue Margin
4.46%
7.65%
4.25%
0.00%
0.00%
13.38%
12.93%
11.95%
0.79%
0.43%
0.60%
0.63%
1.81%
0.00%
0.00%
Other Current Liabilities
1,822,389
1,580,500
-3,921,895
2,724,190
2,333,175
409,803
973,428
1,461,904
2,328,478
-15,646,482
-32,449,570
-3,543,796
2,189,920
1,046,230
-13,528,189
Other Current Liabilities Margin
10.85%
9.67%
-19.39%
16.77%
13.19%
2.60%
6.75%
9.05%
12.09%
-80.24%
-171.36%
-20.82%
18.04%
10.37%
-4,042.46%
Total Current Liabilities
40,056,558
39,788,680
30,016,821
41,035,466
29,946,133
49,188,076
60,910,314
17,863,409
41,862,117
18,016,057
35,095,087
5,437,813
813,734
762,069
14,425,293
Total Current Liabilities Margin
244.79%
253.50%
180.12%
252.65%
169.28%
312.45%
422.59%
110.54%
217.32%
92.39%
185.33%
31.95%
6.70%
7.55%
4,310.53%
Long-Term Debt
101,023,235
101,918,773
117,663,067
69,236,708
119,992,368
113,840,629
83,287,425
123,236,737
105,616,392
151,389,836
146,112,891
140,797,198
123,120,490
72,650,166
46,764,486
Long-Term Debt Margin
609.23%
633.63%
710.62%
426.29%
678.28%
723.13%
577.84%
762.62%
548.28%
776.39%
771.59%
827.29%
1,014.44%
720.02%
13,974.04%
Capital Lease Obligations
6,046,842
3,628,105
1,814,052
6,418,287
6,251,547
5,470,691
0
0
0
0
0
0
0
0
0
Capital Lease Obligations Margin
36.54%
21.92%
10.96%
39.52%
35.34%
34.75%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Deferred Tax Liabilities
-1,133,122
-1,378,065
565,387
0
887,710
-4,287,077
-3,490,956
0
212,534
212,534
317,039
4,755,591
7,046,494
1,135,471
317,039
Deferred Tax Liabilities Margin
-7.40%
-9.29%
4.34%
0.00%
5.02%
-27.23%
-24.22%
0.00%
1.10%
1.09%
1.67%
27.94%
58.06%
11.25%
94.74%
Other Non-Current Liabilities
11,006,355
7,214,173
3,511,153
1,559,364
31,315,273
144,429
976,951
2,074,847
2,166,436
1,627,469
1,607,507
-1,736,671
-4,624,078
733,888
14,467,565
Other Non-Current Liabilities Margin
62.51%
41.43%
18.69%
9.60%
177.01%
0.92%
6.78%
12.84%
11.25%
8.35%
8.49%
-10.20%
-38.10%
7.27%
4,323.16%
Total Non-Current Liabilities
115,902,168
111,433,008
123,593,935
76,761,110
157,104,765
113,840,629
84,146,954
125,311,584
108,148,010
153,229,839
148,037,438
143,816,117
125,542,906
74,519,524
47,123,797
Total Non-Current Liabilities Margin
694.60%
688.61%
745.15%
472.61%
888.06%
723.13%
583.80%
775.46%
561.43%
785.83%
781.75%
845.03%
1,034.40%
738.54%
14,081.40%
Total Liabilities
147,848,389
146,403,863
148,212,045
117,796,576
157,104,765
168,643,825
145,174,690
143,299,460
150,343,606
153,229,839
148,037,438
159,270,027
139,220,220
79,783,552
61,549,090
Total Liabilities Margin
894.86%
915.71%
900.95%
725.27%
888.06%
1,071.25%
1,007.21%
886.78%
780.48%
785.83%
781.75%
935.83%
1,147.10%
790.71%
18,391.93%
Preferred Stock
0
0
2,431,340
0
0
0
0
0
0
9,847,009
6,178,746
7,660,611
627,033
3,965,341
0
Preferred Stock Margin
0.00%
0.00%
13.33%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
50.50%
32.63%
45.01%
5.17%
39.30%
0.00%
Common Stock
8,544,408
8,362,090
62,158,980
8,622,297
8,622,297
8,388,628
8,165,526
8,011,703
8,011,703
154,672,955
154,672,955
140,038,651
122,383,080
89,345,226
82,628,687
Common Stock Margin
51.70%
52.27%
374.42%
53.09%
48.74%
53.29%
56.65%
49.58%
41.59%
793.23%
816.79%
822.83%
1,008.37%
885.48%
24,690.88%
Retained Earnings
10,234,502
6,885,391
4,867,024
8,967,518
1,857,616
19,878,370
7,280,164
-3,556,712
-14,776,384
5,406,109
8,123,254
10,220,411
5,269,899
3,508,569
-2,013,787
Retained Earnings Margin
63.99%
44.10%
31.79%
55.21%
10.50%
126.27%
50.51%
-22.01%
-76.71%
27.72%
42.90%
60.05%
43.42%
34.77%
-601.75%
Accumulated OCI
-57,166,901
-54,245,441
-31,441,502
-55,571,136
-53,949,538
-61,980,028
-57,273,755
-42,452,750
-18,874,412
-9,847,009
-6,178,746
-7,660,611
-627,033
-3,965,341
4,697
Accumulated OCI Margin
-346.94%
-340.18%
-193.22%
-342.15%
-304.96%
-393.70%
-397.36%
-262.71%
-97.98%
-50.50%
-32.63%
-45.01%
-5.17%
-39.30%
1.40%
Minority Interest
0
0
166,857
0
0
0
0
0
337,001
352,266
313,517
325,259
340,524
353,440
368,705
Minority Interest Margin
0.00%
0.00%
0.99%
0.00%
0.00%
0.00%
0.00%
0.00%
1.75%
1.81%
1.66%
1.91%
2.81%
3.50%
110.18%
Total Shareholders’ Equity
143,985,205
141,305,400
143,375,785
145,118,327
139,613,584
147,223,704
136,592,316
137,979,070
150,337,735
151,793,768
158,179,176
144,166,035
122,754,133
88,888,454
87,352,574
Total Shareholders’ Equity Margin
872.62%
883.87%
867.21%
893.49%
789.19%
935.18%
947.67%
853.85%
780.44%
778.47%
835.31%
847.08%
1,011.43%
880.95%
26,102.46%
Total Equity
143,985,205
141,305,400
143,542,641
145,118,327
139,613,584
147,223,704
136,592,316
137,979,070
150,674,736
152,146,034
158,492,693
144,491,294
123,094,657
89,241,894
87,721,279
Total Equity Margin
872.62%
883.87%
868.20%
893.49%
789.19%
935.18%
947.67%
853.85%
782.19%
780.27%
836.96%
848.99%
1,014.23%
884.45%
26,212.63%
Total Liabilities & Equity
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%
Total Investments
19,255,642
23,719,479
11,941,935
0
29,759,432
28,007,495
29,998,973
30,831,495
821,954
0
0
0
0
0
0
Total Investments Margin
115.38%
149.01%
74.93%
0.00%
168.22%
177.91%
208.13%
190.79%
4.27%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Debt
140,743,966
139,122,760
142,388,383
109,481,924
150,422,279
162,327,695
139,787,368
133,594,532
140,274,670
162,920,677
172,435,381
132,571,786
120,067,518
69,321,252
36,787,138
Net Debt Margin
851.83%
870.41%
859.46%
674.07%
850.29%
1,031.13%
969.83%
826.72%
728.20%
835.53%
910.59%
778.96%
989.29%
687.02%
10,992.63%

Capital Metrics

Metric3Y Avg5Y Avg10Y Avg2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Revenue
16,558,459
16,049,709
16,710,325
16,241,811
17,690,799
15,742,768
14,413,551
16,159,616
19,263,079
19,499,097
18,936,646
17,019,145
12,136,738
10,090,072
334,653
Working Capital
-34,980,405
-36,130,045
-26,092,108
-38,077,606
-19,704,586
-47,159,024
-59,873,478
-15,835,531
-38,946,529
-15,456,258
-32,069,122
2,787,598
3,413,458
2,566,845
743,281
Working Capital Margin
-215.13%
-231.76%
-156.51%
-234.44%
-111.38%
-299.56%
-415.40%
-97.99%
-202.18%
-79.27%
-169.35%
16.38%
28.13%
25.44%
222.11%
Total Capital
285,763,659
281,661,795
288,476,381
255,119,257
290,591,269
311,580,451
277,416,520
273,601,480
293,527,993
317,274,244
333,640,522
284,963,232
247,048,843
161,538,620
134,117,060
Total Capital Margin
1,730.86%
1,762.08%
1,743.31%
1,570.76%
1,642.61%
1,979.20%
1,924.69%
1,693.12%
1,523.79%
1,627.12%
1,761.88%
1,674.37%
2,035.55%
1,600.97%
40,076.49%
Capital Employed
251,777,035
247,920,584
267,127,652
221,879,437
266,772,216
266,679,453
220,856,691
263,415,121
259,156,225
305,711,700
306,981,031
298,323,507
261,501,142
168,263,378
134,845,076
Capital Employed Margin
1,522.68%
1,546.08%
1,617.22%
1,366.10%
1,507.97%
1,693.98%
1,532.29%
1,630.08%
1,345.35%
1,567.82%
1,621.10%
1,752.87%
2,154.62%
1,667.61%
40,294.04%
Invested Capital
284,729,171
280,428,160
285,764,168
254,600,252
290,035,863
309,551,399
276,379,684
271,573,602
290,612,405
314,714,444
330,614,557
276,737,821
242,821,651
158,209,706
124,139,713
Invested Capital Margin
1,724.45%
1,754.28%
1,726.67%
1,567.56%
1,639.47%
1,966.31%
1,917.50%
1,680.57%
1,508.65%
1,613.99%
1,745.90%
1,626.04%
2,000.72%
1,567.97%
37,095.09%

Cash Flow Margins

Metric3Y Avg5Y Avg10Y Avg2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Revenue
16,558,459
16,049,709
16,710,325
16,241,811
17,690,799
15,742,768
14,413,551
16,159,616
19,263,079
19,499,097
18,936,646
17,019,145
12,136,738
10,090,072
334,653
Net Income
8,247,330
4,246,919
1,801,723
12,831,876
-2,882,710
14,792,824
2,732,410
-6,239,805
-24,045,677
713,926
5,596,333
9,137,780
5,380,276
3,409,935
-1,948,031
Net Income Margin
52.23%
27.40%
14.34%
79.01%
-16.29%
93.97%
18.96%
-38.61%
-124.83%
3.66%
29.55%
53.69%
44.33%
33.79%
-582.11%
Depreciation & Amortization
39,532
38,045
30,530
43,446
31,704
43,446
48,143
23,484
19,962
25,833
27,007
22,310
19,962
17,613
0
Depreciation & Amortization Margin
0.24%
0.24%
0.19%
0.27%
0.18%
0.28%
0.33%
0.15%
0.10%
0.13%
0.14%
0.13%
0.16%
0.17%
0.00%
Deferred Income Tax
-38,749
-295,669
-154,645
0
0
-116,248
-1,362,095
0
0
0
0
0
-68,105
0
0
Deferred Income Tax Margin
-0.25%
-2.04%
-1.07%
0.00%
0.00%
-0.74%
-9.45%
0.00%
0.00%
0.00%
0.00%
0.00%
-0.56%
0.00%
0.00%
Stock-Based Compensation
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%
Change in Working Capital
492,390
-55,893
-30,647
224,276
-272,419
1,525,312
-674,002
-1,082,631
-910,021
301,775
36,401
37,575
507,263
-491,998
4,703,925
Change in Working Capital Margin
3.18%
-0.37%
-0.04%
1.38%
-1.54%
9.69%
-4.68%
-6.70%
-4.72%
1.55%
0.19%
0.22%
4.18%
-4.88%
1,405.61%
Accounts Receivable
109,985
-169,557
41,215
-368,705
113,899
584,762
314,691
-1,492,434
376,925
301,775
36,401
37,575
507,263
-491,998
11,742
Accounts Receivable Margin
0.70%
-0.99%
0.31%
-2.27%
0.64%
3.71%
2.18%
-9.24%
1.96%
1.55%
0.19%
0.22%
4.18%
-4.88%
3.51%
Inventory
0
0
1,697,452
0
0
0
0
0
0
1,507,698
9,721,367
3,570,803
2,174,655
0
0
Inventory Margin
0.00%
0.00%
9.80%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.73%
51.34%
20.98%
17.92%
0.00%
0.00%
Accounts Payable
156,563
-69,514
-1,366,205
455,597
-54,014
68,105
-185,527
-631,730
421,545
-1,106,115
-9,722,542
-2,966,080
58,711
0
0
Accounts Payable Margin
0.98%
-0.45%
-7.40%
2.81%
-0.31%
0.43%
-1.29%
-3.91%
2.19%
-5.67%
-51.34%
-17.43%
0.48%
0.00%
0.00%
Other Working Capital
225,842
183,178
1,143,573
137,384
-332,304
872,445
-803,166
1,041,533
-1,708,490
-401,583
9,722,542
2,966,080
-58,711
686,919
4,692,183
Other Working Capital Margin
1.50%
1.08%
6.27%
0.85%
-1.88%
5.54%
-5.57%
6.45%
-8.87%
-2.06%
51.34%
17.43%
-0.48%
6.81%
1,402.11%
Other Non-Cash Items
3,578,631
6,483,808
6,530,307
-1,397,322
16,070,375
-3,937,160
6,539,231
15,143,915
35,507,239
7,704,057
-4,350,485
-3,104,638
-2,872,142
-5,280,467
2,076,021
Other Non-Cash Items Margin
19.08%
39.26%
35.53%
-8.60%
90.84%
-25.01%
45.37%
93.71%
184.33%
39.51%
-22.97%
-18.24%
-23.66%
-52.33%
620.35%
Net Cash from Operating Activities
12,319,133
10,417,210
8,177,268
11,702,277
12,946,950
12,308,174
7,283,687
7,844,964
10,571,503
8,745,591
1,309,255
6,093,028
2,967,254
-2,344,917
4,831,915
Net Cash from Operating Activities Margin
74.47%
64.50%
48.94%
72.05%
73.18%
78.18%
50.53%
48.55%
54.88%
44.85%
6.91%
35.80%
24.45%
-23.24%
1,443.86%
Capital Expenditures (PPE)
-157,345
-116,013
-65,521
-462,643
0
-9,394
-97,460
-10,568
0
-5,871
-54,014
-15,265
0
-72,802
0
Capital Expenditures (PPE) Margin
-0.97%
-0.73%
-0.41%
-2.85%
0.00%
-0.06%
-0.68%
-0.07%
0.00%
-0.03%
-0.29%
-0.09%
0.00%
-0.72%
0.00%
Acquisitions (Net)
-2,305,777
3,470,525
3,476,513
-8,481,391
0
1,564,061
0
24,269,953
0
-8,945,208
33,977,230
-7,619,514
0
-5,420,200
0
Acquisitions (Net) Margin
-14.09%
21.58%
19.67%
-52.22%
0.00%
9.94%
0.00%
150.19%
0.00%
-45.87%
179.43%
-44.77%
0.00%
-53.72%
0.00%
Purchases of Investments
-9,529,578
-13,104,060
-14,391,005
0
0
-28,588,734
-11,170,355
-25,761,213
-906,498
-96,286
-40,572,824
-524,876
-36,289,269
-5,420,200
-49,109,403
Purchases of Investments Margin
-60.53%
-83.70%
-94.01%
0.00%
0.00%
-181.60%
-77.50%
-159.42%
-4.71%
-0.49%
-214.26%
-3.08%
-299.00%
-53.72%
-14,674.74%
Sales / Maturities of Investments
13,684,751
15,044,341
11,753,590
36,364,419
0
4,689,835
1,701,445
32,466,009
18,532,714
9,041,494
6,595,594
8,144,390
0
0
0
Sales / Maturities of Investments Margin
84.56%
93.28%
69.17%
223.89%
0.00%
29.79%
11.80%
200.91%
96.21%
46.37%
34.83%
47.85%
0.00%
0.00%
0.00%
Other Investing Activities
6,902,848
-1,034,723
-2,541,364
12,593,510
8,223,063
-108,028
-486,127
-25,396,030
0
8,945,208
-33,977,230
4,787,295
4,697
-15,206,149
1,647,431
Other Investing Activities Margin
41.11%
-7.44%
-14.26%
77.54%
46.48%
-0.69%
-3.37%
-157.16%
0.00%
45.87%
-179.43%
28.13%
0.04%
-150.70%
492.28%
Net Cash from Investing Activities
8,594,899
4,260,070
-1,484,566
40,013,895
8,223,063
-22,452,261
-10,052,497
5,568,151
17,626,216
8,939,337
-34,031,244
7,604,249
-36,284,572
-20,699,150
-47,461,972
Net Cash from Investing Activities Margin
50.08%
22.99%
-18.17%
246.36%
46.48%
-142.62%
-69.74%
34.46%
91.50%
45.84%
-179.71%
44.68%
-298.96%
-205.14%
-14,182.46%
Net Debt Issuance
-12,434,990
-7,919,879
-228,034
-41,097,700
-13,820,569
17,613,300
5,283,990
-7,578,416
-22,310,180
-9,980,870
34,639,490
-4,301,168
39,271,788
16,373,324
-30,502,713
Net Debt Issuance Margin
-73.09%
-45.90%
8.47%
-253.04%
-78.12%
111.88%
36.66%
-46.90%
-115.82%
-51.19%
182.92%
-25.27%
323.58%
162.27%
-9,114.74%
Long-Term Debt Issuance
-12,434,990
-7,919,879
-228,034
-41,097,700
-13,820,569
17,613,300
5,283,990
-7,578,416
-22,310,180
-9,980,870
34,639,490
-4,301,168
39,271,788
16,373,324
-30,502,713
Long-Term Debt Issuance Margin
-73.09%
-45.90%
8.47%
-253.04%
-78.12%
111.88%
36.66%
-46.90%
-115.82%
-51.19%
182.92%
-25.27%
323.58%
162.27%
-9,114.74%
Short-Term Debt Issuance
-13,699,233
-8,219,540
-4,109,770
-41,097,700
0
0
0
0
0
0
0
0
0
0
0
Short-Term Debt Issuance Margin
-84.35%
-50.61%
-25.30%
-253.04%
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
-24,659
-29,356
-14,678
0
-21,136
-52,840
-72,802
0
0
0
0
0
0
0
89,921,768
Net Stock Issuance Margin
-0.15%
-0.19%
-0.10%
0.00%
-0.12%
-0.34%
-0.51%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
26,870.18%
Common Stock Issuance
0
0
2,252,037
0
0
0
0
0
22,520,365
0
0
0
0
0
89,921,768
Common Stock Issuance Margin
0.00%
0.00%
11.69%
0.00%
0.00%
0.00%
0.00%
0.00%
116.91%
0.00%
0.00%
0.00%
0.00%
0.00%
26,870.18%
Common Stock Repurchased
-24,659
-29,356
-35,696
0
-21,136
-52,840
-72,802
0
-210,185
0
0
0
0
0
0
Common Stock Repurchased Margin
-0.15%
-0.19%
-0.21%
0.00%
-0.12%
-0.34%
-0.51%
0.00%
-1.09%
0.00%
0.00%
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
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%
Net Dividends Paid
-5,380,276
-5,382,155
-5,778,571
-7,327,133
-4,706,274
-4,107,422
-4,049,885
-6,720,061
-5,322,739
-8,131,474
-7,053,540
-5,372,057
-4,995,132
0
0
Net Dividends Paid Margin
-32.60%
-33.50%
-34.68%
-45.11%
-26.60%
-26.09%
-28.10%
-41.59%
-27.63%
-41.70%
-37.25%
-31.56%
-41.16%
0.00%
0.00%
Common Dividends Paid
-5,380,276
-5,382,155
-5,778,571
-7,327,133
-4,706,274
-4,107,422
-4,049,885
-6,720,061
-5,322,739
-8,131,474
-7,053,540
-5,372,057
-4,995,132
0
0
Common Dividends Paid Margin
-32.60%
-33.50%
-34.68%
-45.11%
-26.60%
-26.09%
-28.10%
-41.59%
-27.63%
-41.70%
-37.25%
-31.56%
-41.16%
0.00%
0.00%
Preferred Dividends Paid
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%
Other Financing Activities
-2,482,301
-1,489,381
-785,201
-3,327,739
-4,095,679
-23,484
0
0
-210,185
-38,749
-63,408
-32,878
-59,885
22,310
-6,811,650
Other Financing Activities Margin
-14.60%
-8.76%
-4.61%
-20.49%
-23.15%
-0.15%
0.00%
0.00%
-1.09%
-0.20%
-0.33%
-0.19%
-0.49%
0.22%
-2,035.44%
Net Cash from Financing Activities
-20,322,226
-14,820,770
-6,806,484
-51,752,572
-22,643,658
13,429,554
1,161,304
-14,298,477
-27,843,105
-18,151,093
27,522,543
-9,706,103
34,216,771
16,395,634
52,607,404
Net Cash from Financing Activities Margin
-120.44%
-88.35%
-30.91%
-318.64%
-128.00%
85.31%
8.06%
-88.48%
-144.54%
-93.09%
145.34%
-57.03%
281.93%
162.49%
15,720.00%
Effect of FX on Cash
0
122,823
62,116
0
0
0
616,466
-2,348
1,174
0
0
7,045
-1,174
0
0
Effect of FX on Cash Margin
0.00%
0.85%
0.43%
0.00%
0.00%
0.00%
4.28%
-0.01%
0.01%
0.00%
0.00%
0.04%
-0.01%
0.00%
0.00%
Net Change in Cash
-172,610
-479,317
-280,991
-36,401
-1,473,646
992,216
-991,042
-887,710
355,789
-466,165
-5,199,446
3,998,219
898,278
-6,648,434
9,977,347
Net Change in Cash Margin
-0.75%
-2.92%
-1.17%
-0.22%
-8.33%
6.30%
-6.88%
-5.49%
1.85%
-2.39%
-27.46%
23.49%
7.40%
-65.89%
2,981.40%
Cash at Beginning of Period
1,207,098
1,712,952
2,993,204
555,406
2,029,052
1,036,836
2,027,878
2,915,588
2,559,800
3,025,965
8,225,411
4,227,192
3,328,914
9,977,347
0
Cash at Beginning of Period Margin
7.16%
10.72%
17.81%
3.42%
11.47%
6.59%
14.07%
18.04%
13.29%
15.52%
43.44%
24.84%
27.43%
98.88%
0.00%
Cash at End of Period
1,034,488
1,233,636
2,712,213
519,005
555,406
2,029,052
1,036,836
2,027,878
2,915,588
2,559,800
3,025,965
8,225,411
4,227,192
3,328,914
9,977,347
Cash at End of Period Margin
6.41%
7.79%
16.64%
3.20%
3.14%
12.89%
7.19%
12.55%
15.14%
13.13%
15.98%
48.33%
34.83%
32.99%
2,981.40%
Operating Cash Flow
14,642,915
11,811,479
8,874,402
20,966,872
12,946,950
10,014,922
7,283,687
7,844,964
10,571,503
8,745,591
1,309,255
6,093,028
2,967,254
-2,344,917
4,831,915
Operating Cash Flow Margin
88.63%
72.99%
53.19%
129.09%
73.18%
63.62%
50.53%
48.55%
54.88%
44.85%
6.91%
35.80%
24.45%
-23.24%
1,443.86%
Capital Expenditure
-243,064
-167,444
-91,237
-462,643
-257,154
-9,394
-97,460
-10,568
0
-5,871
-54,014
-15,265
0
-72,802
0
Capital Expenditure Margin
-1.45%
-1.02%
-0.55%
-2.85%
-1.45%
-0.06%
-0.68%
-0.07%
0.00%
-0.03%
-0.29%
-0.09%
0.00%
-0.72%
0.00%
Free Cash Flow
14,399,851
11,644,035
8,783,166
20,504,230
12,689,796
10,005,529
7,186,226
7,834,396
10,571,503
8,739,719
1,255,241
6,077,763
2,967,254
-2,417,719
4,831,915
Free Cash Flow Margin
87.18%
71.97%
52.64%
126.24%
71.73%
63.56%
49.86%
48.48%
54.88%
44.82%
6.63%
35.71%
24.45%
-23.96%
1,443.86%

Free Cash Flow Margins

Metric3Y Avg5Y Avg10Y Avg2024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Revenue
16,558,459
16,049,709
16,710,325
16,241,811
17,690,799
15,742,768
14,413,551
16,159,616
19,263,079
19,499,097
18,936,646
17,019,145
12,136,738
10,090,072
334,653
EBITDA
11,320,655
11,156,734
7,320,087
10,186,359
5,233,499
18,542,108
11,790,343
10,031,361
-20,013,406
4,305,865
13,853,448
12,392,718
6,878,581
4,791,992
-688,093
EBITDA Margin
70.03%
70.79%
47.48%
62.72%
29.58%
117.78%
81.80%
62.08%
-103.90%
22.08%
73.16%
72.82%
56.68%
47.49%
-205.61%
(-) Tax Adjustment
2,754,988
600,055
582,705
67,594
8,141,603
55,766
-4,358,055
-906,635
200,153
794,339
1,104,416
616,832
111,040
-6,639
-5,617
(-) Tax Adjustment Margin
15.60%
2.19%
2.64%
0.42%
46.02%
0.35%
-30.24%
-5.61%
1.04%
4.07%
5.83%
3.62%
0.91%
-0.07%
-1.68%
(-) Change In Working Capital
492,390
-55,893
-30,647
224,276
-272,419
1,525,312
-674,002
-1,082,631
-910,021
301,775
36,401
37,575
507,263
-491,998
4,703,925
(-) Change In Working Capital Margin
3.18%
-0.37%
-0.04%
1.38%
-1.54%
9.69%
-4.68%
-6.70%
-4.72%
1.55%
0.19%
0.22%
4.18%
-4.88%
1,405.61%
(-) Capital Expenditure
-243,064
-167,444
-91,237
-462,643
-257,154
-9,394
-97,460
-10,568
0
-5,871
-54,014
-15,265
0
-72,802
0
(-) Capital Expenditure Margin
-1.45%
-1.02%
-0.55%
-2.85%
-1.45%
-0.06%
-0.68%
-0.07%
0.00%
-0.03%
-0.29%
-0.09%
0.00%
-0.72%
0.00%
Unlevered Free Cash Flow
7,830,214
10,445,128
6,676,792
9,431,846
-2,892,839
16,951,637
16,724,940
12,010,059
-19,303,539
3,203,880
12,658,617
11,723,046
6,260,277
5,217,828
-5,386,401
Unlevered Free Cash Flow Margin
49.80%
67.95%
44.33%
58.07%
-16.35%
107.68%
116.04%
74.32%
-100.21%
16.43%
66.85%
68.88%
51.58%
51.71%
-1,609.55%
(-) Net Interest Income After Taxes
479,072
-114,915
-276,101
90,981
3,583,421
-2,237,186
-2,513,688
501,896
-2,249,772
-2,128,749
870,971
797,779
523,335
555,000
0
(-) Net Interest Income After Taxes Margin
2.20%
-1.55%
-1.67%
0.56%
20.26%
-14.21%
-17.44%
3.11%
-11.68%
-10.92%
4.60%
4.69%
4.31%
5.50%
0.00%
Net Debt Issuance
-12,434,990
-7,919,879
-228,034
-41,097,700
-13,820,569
17,613,300
5,283,990
-7,578,416
-22,310,180
-9,980,870
34,639,490
-4,301,168
39,271,788
16,373,324
-30,502,713
Net Debt Issuance Margin
-73.09%
-45.90%
8.47%
-253.04%
-78.12%
111.88%
36.66%
-46.90%
-115.82%
-51.19%
182.92%
-25.27%
323.58%
162.27%
-9,114.74%
Levered Free Cash Flow
-5,083,848
2,640,164
6,724,860
-31,756,836
-20,296,830
36,802,122
24,522,619
3,929,747
-39,363,946
-4,648,241
46,427,136
6,624,099
45,008,730
21,036,152
-35,889,114
Levered Free Cash Flow Margin
-25.49%
23.59%
54.47%
-195.53%
-114.73%
233.77%
170.14%
24.32%
-204.35%
-23.84%
245.17%
38.92%
370.85%
208.48%
-10,724.29%