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NINtec Systems

BSE:539843
Snowflake Description

Flawless balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
539843
BSE
₹138M
Market Cap
  1. Home
  2. IN
  3. Software
Company description

NINtec Systems Limited primarily engages in computer programming, consultancy, and related activities in India and internationally. The last earnings update was 159 days ago. More info.


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539843 Share Price and Events
7 Day Returns
-7.4%
BSE:539843
2.6%
IN IT
0.8%
IN Market
1 Year Returns
12.7%
BSE:539843
19.3%
IN IT
-0.7%
IN Market
539843 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NINtec Systems (539843) -7.4% -7.4% - 12.7% 80.5% -
IN IT 2.6% 4.3% 8.9% 19.3% 49% 80.2%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • 539843 underperformed the IT industry which returned 19.3% over the past year.
  • 539843 outperformed the Market in India which returned -0.7% over the past year.
Price Volatility
539843
Industry
5yr Volatility vs Market

539843 Value

 Is NINtec Systems 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 NINtec Systems. This is due to cash flow or dividend data being unavailable. The share price is ₹20.
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 NINtec Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NINtec Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:539843 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹0.80
BSE:539843 Share Price ** BSE (2019-04-18) in INR ₹20
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.19x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

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

** Primary Listing of NINtec Systems.

BSE:539843 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:539843 Share Price ÷ EPS (both in INR)

= 20 ÷ 0.80

24.86x

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

  • NINtec Systems is overvalued based on earnings compared to the IN IT industry average.
  • NINtec Systems is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does NINtec Systems's expected growth come at a high price?
Raw Data
BSE:539843 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
16.6%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*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 NINtec Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NINtec Systems's assets?
Raw Data
BSE:539843 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹11.90
BSE:539843 Share Price * BSE (2019-04-18) in INR ₹20
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.36x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
BSE:539843 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:539843 Share Price ÷ Book Value per Share (both in INR)

= 20 ÷ 11.90

1.68x

* Primary Listing of NINtec Systems.

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

  • NINtec Systems is overvalued based on assets compared to the IN IT industry average.
X
Value checks
We assess NINtec Systems'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. NINtec Systems 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.

539843 Future Performance

 How is NINtec Systems expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover NINtec Systems, 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
16.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NINtec Systems expected to grow at an attractive rate?
  • NINtec Systems's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • NINtec Systems's earnings growth is positive but not above the India market average.
  • Unable to compare NINtec Systems's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:539843 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:539843 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 16.6%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
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:539843 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:539843 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 53 6
2018-06-30 45 5
2018-03-31 36 -3 5
2017-12-31 35 6
2017-09-30 33 6
2017-06-30 32 5
2017-03-31 30 -22 4
2016-09-30 33 4
2016-06-30 26 3
2016-03-31 18 -37 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NINtec Systems's earnings are expected to grow by 16.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if NINtec Systems 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:539843 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from NINtec Systems Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539843 Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30 0.80
2018-06-30 0.78
2018-03-31 0.75
2017-12-31 0.82
2017-09-30 0.89
2017-06-30 0.77
2017-03-31 0.65
2016-09-30 0.81
2016-06-30 1.00
2016-03-31 1.81

*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 NINtec Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess NINtec Systems'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.
NINtec Systems has a total score of 1/6, 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.

539843 Past Performance

  How has NINtec Systems 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 NINtec Systems's growth in the last year to its industry (IT).
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.
  • Insufficient data to establish if NINtec Systems's year on year earnings growth rate was positive over the past 5 years.
  • NINtec Systems's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NINtec Systems's 1-year earnings growth is negative, it can't be compared to the IN IT industry average.
Earnings and Revenue History
NINtec Systems'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 NINtec Systems Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539843 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 53.27 5.53
2018-06-30 44.73 5.36
2018-03-31 36.19 5.19
2017-12-31 34.62 5.64 -0.24
2017-09-30 33.05 6.08 7.84
2017-06-30 31.76 5.24 7.84
2017-03-31 30.46 4.41
2016-09-30 33.42 3.60 7.64
2016-06-30 25.65 2.78 7.57
2016-03-31 17.87 1.96 7.49

*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.
  • NINtec Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NINtec Systems used its assets less efficiently than the IN IT industry average last year based on Return on Assets.
  • Unable to establish if NINtec Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess NINtec Systems'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 IT 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.
NINtec Systems has a total score of 0/6, 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.

539843 Health

 How is NINtec Systems'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 NINtec Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NINtec Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NINtec Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NINtec Systems'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.
  • Low level of unsold assets.
  • NINtec Systems 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 NINtec Systems Company Filings, last reported 6 months ago.

BSE:539843 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 82.16 0.00 47.76
2018-06-30 82.16 0.00 47.76
2018-03-31 78.64 0.00 53.91
2017-12-31 78.64 0.00 53.91
2017-09-30 77.68 0.00 57.16
2017-06-30 77.68 0.00 57.16
2017-03-31 74.51 0.00 50.51
2016-09-30 71.60 0.00 40.97
2016-06-30 71.60 0.00 40.97
2016-03-31 51.31 0.00 23.30
  • NINtec Systems has no debt.
  • NINtec Systems has not taken on any debt in the past 5 years.
  • NINtec Systems has no debt, it does not need to be covered by operating cash flow.
  • NINtec Systems has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess NINtec Systems'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. NINtec Systems 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.

539843 Dividends

 What is NINtec Systems'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 NINtec Systems dividends.
If you bought ₹2,000 of NINtec Systems 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 NINtec Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NINtec Systems'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:539843 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 IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

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 NINtec Systems has not reported any payouts.
  • Unable to verify if NINtec Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NINtec Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NINtec Systems 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 NINtec Systems'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 NINtec Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NINtec Systems 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.

539843 Management

 What is the CEO of NINtec Systems'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
Niraj Gemawat
COMPENSATION ₹600,000
TENURE AS CEO 3.2 years
CEO Bio

Mr. Niraj C. Gemawat has been Managing Director of Nintec Systems Limited since February 2016 and is responsible for Business Development and Management of the Finance Function. Mr. Gemawat serves as Chairman and Managing Director at Gateway TechnoLabs Pvt. Ltd. He is the Founder Director and Chief Architect of the team catapulting Gateway TechnoLabs as one of the best choices of offshore software development companies in India. He serves as the Chairman of Nintec Systems Limited and has been its Director since August 2015. He serves as Director of Gateway Education And Training Private Limited, Gateway Nintec Private Limited, Gateway Technolabs Private Limited, Aarvee Technolabs Private Limited, VIN IT Solutions LLP, Gateway Animedia Works LLP, Nintec Business Consulting LLP, Aarvee Holding B.V., Gateway Technolabs UK Ltd., and Gateway Technolabs Iceland ehf. Mr. Gemawat has completed his Bachelors in Engineering (B.E.), Ahmedabad and Post-Graduation in Business Administration (MBA), from Pune.

CEO Compensation
  • Niraj's compensation has been consistent with company performance over the past year.
  • Niraj's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the NINtec Systems management team in years:

3.2
Average Tenure
  • The tenure for the NINtec Systems management team is about average.
Management Team

Niraj Gemawat

TITLE
Chairman & MD
COMPENSATION
₹600K
TENURE
3.2 yrs

Bharat Thaker

TITLE
Chief Financial Officer
COMPENSATION
₹1M
AGE
44
TENURE
3.3 yrs

Sagar Sharma

TITLE
Company Secretary & Compliance Officer
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the NINtec Systems board of directors in years:

3.2
Average Tenure
45
Average Age
  • The tenure for the NINtec Systems board of directors is about average.
Board of Directors

Niraj Gemawat

TITLE
Chairman & MD
COMPENSATION
₹600K

Vishal Shah

TITLE
Independent Director
AGE
43
TENURE
3.2 yrs

Indrajeet Mitra

TITLE
Non-Executive Non-Independent Director
AGE
46

Vipin Moharir

TITLE
Non-Executive Non-Independent Director
AGE
48

Rachana Gemawat

TITLE
Non-Executive Non-Independent Director
AGE
46

Hursh Jani

TITLE
Independent Director
AGE
34
TENURE
3.2 yrs

Bhushan Saluja

TITLE
Independent Director
AGE
45
TENURE
3.2 yrs

Somilkumar Ragvendr Mathur

TITLE
Independent Director
AGE
45
TENURE
0.6 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 NINtec Systems'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. NINtec Systems 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.

539843 News

Simply Wall St News

539843 Company Info

Description

NINtec Systems Limited primarily engages in computer programming, consultancy, and related activities in India and internationally. The company provides software development, off/on-shore software product development, software migration, multimedia design and development, application development and maintenance, Web designing, digitization of engineering drawings, and search engine optimization services. It also offers business analytics services; cloud services comprising cloud advisory, infrastructure, integration, management, and security; application services, such as planning, designing, building, implementing, and optimizing application development and maintenance; and testing services, such as test automation, performance testing, functional testing, security testing and validation, usability and accessibility testing, regression testing, and others. The company serves automotive, print media and publishing, banking and financial, and transportation and logistics industries. NINtec Systems Limited was incorporated in 2015 and is headquartered in Ahmedabad, India.

Details
Name: NINtec Systems Limited
539843
Exchange: BSE
Founded: 2015
₹137,600,000
6,880,000
Website: http://www.nintecsystems.com
Address: NINtec Systems Limited
B-11, Corporate House,
S.G. Highway,
Ahmedabad,
Gujarat, 380054,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 539843 Equity Shares Mumbai Stock Exchange IN INR 18. Apr 2016
Number of employees
Current staff
Staff numbers
40
NINtec Systems employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:55
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/11/12
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.