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AKM Lace and Embrotex

BSE:540718
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540718
BSE
₹59M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

AKM Lace and Embrotex Limited manufactures and trades in textile products in India. The last earnings update was 93 days ago. More info.


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540718 Share Price and Events
7 Day Returns
0%
BSE:540718
-1.3%
IN Luxury
-3.1%
IN Market
1 Year Returns
-
BSE:540718
-8.5%
IN Luxury
-9.2%
IN Market
540718 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AKM Lace and Embrotex (540718) 0% 0% - - - -
IN Luxury -1.3% -0.8% -1.2% -8.5% 51.9% 196.8%
IN Market -3.1% -3.8% -2.9% -9.2% 43.1% 83.1%
1 Year Return vs Industry and Market
  • No trading data on 540718.
  • No trading data on 540718.
Price Volatility
Industry
5yr Volatility vs Market

540718 Value

 Is AKM Lace and Embrotex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for AKM Lace and Embrotex. This is due to cash flow or dividend data being unavailable. The share price is ₹19.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AKM Lace and Embrotex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AKM Lace and Embrotex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540718 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹0.14
BSE:540718 Share Price ** BSE (2019-01-09) in INR ₹19.5
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.67x
India Market PE Ratio Median Figure of 2,734 Publicly-Listed Companies 15.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AKM Lace and Embrotex.

BSE:540718 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540718 Share Price ÷ EPS (both in INR)

= 19.5 ÷ 0.14

140.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AKM Lace and Embrotex is overvalued based on earnings compared to the IN Luxury industry average.
  • AKM Lace and Embrotex is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does AKM Lace and Embrotex's expected growth come at a high price?
Raw Data
BSE:540718 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 140.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
37.4%per year
India Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 608 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AKM Lace and Embrotex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AKM Lace and Embrotex's assets?
Raw Data
BSE:540718 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹26.59
BSE:540718 Share Price * BSE (2019-01-09) in INR ₹19.5
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.06x
BSE:540718 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540718 Share Price ÷ Book Value per Share (both in INR)

= 19.5 ÷ 26.59

0.73x

* Primary Listing of AKM Lace and Embrotex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AKM Lace and Embrotex is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess AKM Lace and Embrotex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. AKM Lace and Embrotex has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

540718 Future Performance

 How is AKM Lace and Embrotex expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover AKM Lace and Embrotex, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
37.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AKM Lace and Embrotex expected to grow at an attractive rate?
  • AKM Lace and Embrotex's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • AKM Lace and Embrotex's earnings growth is expected to exceed the India market average.
  • Unable to compare AKM Lace and Embrotex's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:540718 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540718 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 37.4%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.4%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540718 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540718 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 121 0
2018-06-30 127 0
2018-03-31 134 -36 -0
2017-12-31 131 0
2017-09-30 129 0
2017-06-30 120 1
2017-03-31 111 0 1
2016-03-31 8 -4 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AKM Lace and Embrotex's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if AKM Lace and Embrotex is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540718 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AKM Lace and Embrotex Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540718 Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30 0.14
2018-06-30 0.06
2018-03-31 -0.01
2017-12-31 0.08
2017-09-30 0.23
2017-06-30 0.60
2017-03-31 1.25
2016-03-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AKM Lace and Embrotex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AKM Lace and Embrotex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AKM Lace and Embrotex has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

540718 Past Performance

  How has AKM Lace and Embrotex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AKM Lace and Embrotex's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AKM Lace and Embrotex has delivered over 20% year on year earnings growth in the past 5 years.
  • AKM Lace and Embrotex's 1-year earnings growth is less than its 5-year average (1.2% vs 23.2%)
  • AKM Lace and Embrotex's earnings growth has not exceeded the IN Luxury industry average in the past year (1.2% vs 13.8%).
Earnings and Revenue History
AKM Lace and Embrotex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AKM Lace and Embrotex Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540718 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 120.85 0.49 2.22
2018-06-30 127.22 0.23 2.37
2018-03-31 133.59 -0.04 2.52
2017-12-31 131.09 0.23 2.32
2017-09-30 128.58 0.49 3.21
2017-06-30 119.88 0.94 3.01
2017-03-31 111.18 1.39 1.73
2016-03-31 8.47 0.06 1.82
2015-03-31 6.64 0.03 2.05
2014-03-31 2.17 0.01 0.96
2013-03-31 -0.00 0.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AKM Lace and Embrotex has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if AKM Lace and Embrotex has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
  • AKM Lace and Embrotex has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess AKM Lace and Embrotex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AKM Lace and Embrotex has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

540718 Health

 How is AKM Lace and Embrotex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AKM Lace and Embrotex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AKM Lace and Embrotex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AKM Lace and Embrotex has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AKM Lace and Embrotex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • AKM Lace and Embrotex has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AKM Lace and Embrotex Company Filings, last reported 4 months ago.

BSE:540718 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 77.86 0.00 1.05
2018-06-30 77.86 0.00 1.05
2018-03-31 78.27 0.00 1.25
2017-12-31 78.27 0.00 1.25
2017-09-30 77.33 0.00 28.15
2017-06-30 77.33 0.00 28.15
2017-03-31 30.72 0.00 1.41
2016-03-31 27.13 0.00 0.21
2015-03-31 27.07 0.00 2.52
2014-03-31 27.05 0.00 0.49
2013-03-31 17.35 0.00 0.05
  • AKM Lace and Embrotex has no debt.
  • AKM Lace and Embrotex has not taken on any debt in the past 5 years.
  • AKM Lace and Embrotex has no debt, it does not need to be covered by operating cash flow.
  • AKM Lace and Embrotex has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess AKM Lace and Embrotex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AKM Lace and Embrotex has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

540718 Dividends

 What is AKM Lace and Embrotex's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AKM Lace and Embrotex dividends.
If you bought ₹2,000 of AKM Lace and Embrotex shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AKM Lace and Embrotex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AKM Lace and Embrotex's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540718 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as AKM Lace and Embrotex has not reported any payouts.
  • Unable to verify if AKM Lace and Embrotex's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AKM Lace and Embrotex's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AKM Lace and Embrotex has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AKM Lace and Embrotex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AKM Lace and Embrotex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AKM Lace and Embrotex has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

540718 Management

 What is the CEO of AKM Lace and Embrotex's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anoop Mangal
COMPENSATION ₹699,300
AGE 39
TENURE AS CEO 1.8 years
CEO Bio

Mr. Anoop Kumar Mangal has been Managing Director of AKM Lace and Embrotex Limited since April 28, 2017 and also serves as its Chairman and Founding Promoter. Mr. Mangal has a vast experience working in account department in many companies. He has been a real backbone for identifying, negotiating and implementing new business opportunities. He played an extremely crucial role in team building, infrastructure setup and clients addition. He has been Executive Director of AKM Lace and Embrotex Limited since November 26, 2009. He is a Commerce Graduate from Rajasthan University.

CEO Compensation
  • Insufficient data for Anoop to compare compensation growth.
  • Anoop's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the AKM Lace and Embrotex management team in years:

1.7
Average Tenure
  • The average tenure for the AKM Lace and Embrotex management team is less than 2 years, this suggests a new team.
Management Team

Anoop Mangal

TITLE
Chairman & MD
COMPENSATION
₹699K
AGE
39
TENURE
1.8 yrs

Ankita Bhargava

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹200K
TENURE
1.7 yrs

Purva Mangal

TITLE
Whole Time Director
COMPENSATION
₹366K
AGE
35

Renu Sharma

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Rashmi Gupta

TITLE
Operational Head
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the AKM Lace and Embrotex board of directors in years:

1.7
Average Tenure
38
Average Age
  • The average tenure for the AKM Lace and Embrotex board of directors is less than 3 years, this suggests a new board.
Board of Directors

Anoop Mangal

TITLE
Chairman & MD
COMPENSATION
₹699K
AGE
39

Purva Mangal

TITLE
Whole Time Director
COMPENSATION
₹366K
AGE
35
TENURE
1.8 yrs

Manoj Kumar

TITLE
Non Executive Independent Director
AGE
28
TENURE
1.6 yrs

Rinku Goyal

TITLE
Non Executive Independent Director
AGE
38
TENURE
1.6 yrs

Shambhu Mangal

TITLE
Non-Executive Director
AGE
66
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess AKM Lace and Embrotex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AKM Lace and Embrotex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

540718 News

Simply Wall St News

540718 Company Info

Map
Description

AKM Lace and Embrotex Limited manufactures and trades in textile products in India. It offers embrotex goods, laces, fabrics, clothing, and wearing apparel for personal, commercial, and industrial applications. The company was incorporated in 2009 and is based in New Delhi, India.

Details
Name: AKM Lace and Embrotex Limited
540718
Exchange: BSE
Founded: 2009
₹58,737,412
3,012,175
Website: http://www.akmlace.com
Address: AKM Lace and Embrotex Limited
328-329, RG Complex-II,
Plot No. 5,
New Delhi,
Delhi, 110085,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540718 Equity Shares Mumbai Stock Exchange IN INR 29. Sep 2017
Number of employees
Current staff
Staff numbers
5
AKM Lace and Embrotex employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/15 13:14
End of day share price update: 2019/01/09 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.