Financial Snapshot

Revenue
$562.1M
TTM
Gross Margin
4.66%
TTM
Net Earnings
$8.986M
TTM
Current Assets
$21.96M
Q2 2024
Current Liabilities
$16.80M
Q2 2024
Current Ratio
130.71%
Q2 2024
Total Assets
$28.71M
Q2 2024
Total Liabilities
$17.12M
Q2 2024
Book Value
$11.59M
Q2 2024
Cash
$1.363M
Q2 2024
P/E
2.427
Nov 29, 2024 EST
Free Cash Flow
-$716.0K
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $190.7M $206.7M $194.2M $131.6M
YoY Change -7.73% 6.44% 47.57%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $190.7M $206.7M $194.2M $131.6M
Cost Of Revenue $183.7M $193.8M $182.0M $125.8M
Gross Profit $7.029M $12.90M $12.20M $5.900M
Gross Profit Margin 3.69% 6.24% 6.28% 4.48%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $3.443M $7.600M $7.300M $5.900M
YoY Change -54.7% 4.11% 23.73%
% of Gross Profit 48.98% 58.91% 59.84% 100.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.00K $60.00K $50.00K $50.00K
YoY Change 3.33% 20.0% 0.0%
% of Gross Profit 0.88% 0.47% 0.41% 0.85%
Operating Expenses $5.882M $7.600M $7.300M $5.900M
YoY Change -22.61% 4.11% 23.73%
Operating Profit $1.147M $5.300M $4.900M $0.00
YoY Change -78.36% 8.16% 58459277084444210.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $110.0K $0.00 $0.00 -$100.0K
YoY Change -100.0%
% of Operating Profit 9.59% 0.0% 0.0% -1193046471111111.0%
Other Income/Expense, Net $88.00K $300.0K $700.0K $600.0K
YoY Change -70.67% -57.14% 16.67%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $1.235M $5.500M $5.600M $500.0K
YoY Change -77.55% -1.79% 1020.0%
Income Tax $149.0K $900.0K $900.0K $0.00
% Of Pretax Income 12.06% 16.36% 16.07% 0.0%
Net Earnings $1.086M $4.600M $4.700M $500.0K
YoY Change -76.39% -2.13% 840.0%
Net Earnings / Revenue 0.57% 2.23% 2.42% 0.38%
Basic Earnings Per Share $0.20 $0.20 $0.04
Diluted Earnings Per Share $0.20 $0.19 $0.19 $0.02

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $1.330M $2.540M $7.090M $5.860M
YoY Change -47.64% -64.17% 20.99%
Cash & Equivalents $1.330M $2.540M $7.090M $5.860M
Short-Term Investments
Other Short-Term Assets $36.00K $1.740M $1.560M $570.0K
YoY Change -97.93% 11.54% 173.68%
Inventory $6.529M $5.250M $370.0K $530.0K
Prepaid Expenses
Receivables $15.27M $4.660M $12.87M $3.990M
Other Receivables $103.0K $3.320M $2.330M $1.230M
Total Short-Term Assets $23.27M $17.50M $24.22M $12.16M
YoY Change 32.94% -27.75% 99.18%
Property, Plant & Equipment $706.0K $400.0K $440.0K $490.0K
YoY Change 76.5% -9.09% -10.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $6.613M $400.0K $440.0K $490.0K
YoY Change 1553.25% -9.09% -10.2%
Total Assets $29.88M $17.90M $24.66M $12.65M
YoY Change
Accounts Payable $14.32M $5.100M $15.34M $5.540M
YoY Change 180.84% -66.75% 176.9%
Accrued Expenses $711.0K $480.0K $1.470M $150.0K
YoY Change 48.13% -67.35% 880.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $236.0K $160.0K $50.00K $2.040M
YoY Change 47.5% 220.0% -97.55%
Total Short-Term Liabilities $19.16M $11.36M $22.38M $10.18M
YoY Change 68.64% -49.24% 119.84%
Long-Term Debt $424.0K $530.0K $210.0K $0.00
YoY Change -20.0% 152.38%
Other Long-Term Liabilities $38.00K $0.00 $40.00K
YoY Change -100.0%
Total Long-Term Liabilities $462.0K $530.0K $210.0K $40.00K
YoY Change -12.83% 152.38% 425.0%
Total Liabilities $19.62M $11.89M $22.59M $10.22M
YoY Change 65.01% -47.37% 121.04%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 23.25M shares 23.25M shares 24.50M shares
Diluted Shares Outstanding 23.25M shares 23.25M shares 24.50M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $21.808 Million

About DAVIS COMMODITIES Ltd

Davis Commodities Ltd. wholesales sugar, rice and fat products. The company employs 22 full-time employees The company went IPO on 2023-09-19. The firm specializes in the trading of three main categories of agricultural commodities, namely sugar, rice, and oil and fat products. The Company’s segments include sale of sugar, sale of rice, sale of oil and fat products, and sale of others. The company distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers with complementary, ancillary services, such as warehouse handling and storage and logistics services. The company is engaged in utilizing a global network of third-party commodity suppliers and logistics service providers in order to distribute sugar, rice, and oil and fat products to customers in over 20 countries. The firm sources and markets the commodities it distributes under two main brands: Maxwill and Taffy. The Maxwill brand is used for the sugar products and oil and fat products that the Company distributes outside of Singapore.

Industry: Wholesale-Farm Product Raw Materials Peers: