2022 Q4 Form 10-Q Financial Statement

#000121390022072195 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q1
Revenue $43.03M $37.83M $30.94M
YoY Change 16.87% -17.25% 30.24%
Cost Of Revenue $37.23M $30.91M $26.25M
YoY Change 24.5% -13.2% 37.44%
Gross Profit $5.797M $6.918M $4.685M
YoY Change -16.12% -31.54% 0.67%
Gross Profit Margin 13.47% 18.29% 15.14%
Selling, General & Admin $4.470M $4.308M $4.410M
YoY Change -2.38% -5.09% 25.9%
% of Gross Profit 77.11% 62.28% 94.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $569.0K $553.9K $637.5K
YoY Change -9.94% 16.47% 64.07%
% of Gross Profit 9.82% 8.01% 13.61%
Operating Expenses $4.470M $4.308M $4.410M
YoY Change -2.38% -5.09% 25.9%
Operating Profit $1.327M $2.610M $274.9K
YoY Change -43.11% -53.11% -76.11%
Interest Expense $248.9K $163.6K
YoY Change 239.67% 257.49%
% of Operating Profit 18.76% 6.27%
Other Income/Expense, Net -$111.5K -$105.8K $440.00
YoY Change 1529.56% 41.88% -102.44%
Pretax Income $1.215M $2.504M $275.4K
YoY Change -47.73% -54.4% -75.7%
Income Tax $324.4K $712.2K $405.2K
% Of Pretax Income 26.69% 28.44% 147.17%
Net Earnings $890.8K $1.792M -$131.3K
YoY Change -46.81% -59.66% -119.27%
Net Earnings / Revenue 2.07% 4.74% -0.42%
Basic Earnings Per Share $0.07 $0.14
Diluted Earnings Per Share $0.07 $0.14 -$10.65K
COMMON SHARES
Basic Shares Outstanding 12.43M shares 12.53M shares
Diluted Shares Outstanding 12.41M shares 12.50M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.63M $23.01M $25.68M
YoY Change -26.71% -18.51% 21.54%
Cash & Equivalents $24.63M $23.01M $25.18M
Short-Term Investments $0.00 $0.00 $500.0K
Other Short-Term Assets $9.174M $5.168M $4.518M
YoY Change 80.83% 9.47% -25.7%
Inventory $26.66M $36.43M $28.26M
Prepaid Expenses
Receivables $5.546M $4.030M $11.05M
Other Receivables $18.91K $20.53K $374.4K
Total Short-Term Assets $66.03M $68.66M $69.87M
YoY Change -3.43% 2.57% 8.07%
LONG-TERM ASSETS
Property, Plant & Equipment $21.23M $20.82M $10.93M
YoY Change 98.53% 155.22% 49.85%
Goodwill $499.3K $499.3K $499.3K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.212M $2.093M $2.180M
YoY Change -26.15% 21.78% 67.9%
Total Long-Term Assets $25.10M $24.71M $15.44M
YoY Change 76.95% 150.26% 79.63%
TOTAL ASSETS
Total Short-Term Assets $66.03M $68.66M $69.87M
Total Long-Term Assets $25.10M $24.71M $15.44M
Total Assets $91.13M $93.37M $85.31M
YoY Change 10.39% 21.55% 16.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.948M $10.54M $4.840M
YoY Change 105.54% 132.33% -38.91%
Accrued Expenses $2.850M $3.796M $3.116M
YoY Change -27.48% -5.37% 14.06%
Deferred Revenue
YoY Change
Short-Term Debt $4.406M $1.106M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.93M $21.14M $14.14M
YoY Change 77.33% 67.53% -4.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.133M $1.246M $1.871M
YoY Change -39.21% -33.24% -7.81%
Total Long-Term Liabilities $1.133M $1.246M $1.871M
YoY Change -39.21% -33.24% -7.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.93M $21.14M $14.14M
Total Long-Term Liabilities $1.133M $1.246M $1.871M
Total Liabilities $20.06M $22.38M $16.01M
YoY Change 56.26% 51.39% -5.05%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $12.53K $12.53K $12.33K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $771.9K $547.7K
YoY Change
Treasury Stock Shares 156.6K shares 104.8K shares
Shareholders Equity $71.07M $70.99M $69.30M
YoY Change
Total Liabilities & Shareholders Equity $91.13M $93.37M $85.31M
YoY Change 10.39% 21.55% 16.47%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q1
OPERATING ACTIVITIES
Net Income $890.8K $1.792M -$131.3K
YoY Change -46.81% -59.66% -119.27%
Depreciation, Depletion And Amortization $569.0K $553.9K $637.5K
YoY Change -9.94% 16.47% 64.07%
Cash From Operating Activities $220.6K $10.11M -$5.610M
YoY Change -94.93% -53.37% 7.71%
INVESTING ACTIVITIES
Capital Expenditures $208.0K -$7.528M -$638.0K
YoY Change -129.26% 668.4% 87.39%
Acquisitions
YoY Change
Other Investing Activities -$713.5K $458.2K -$973.1K
YoY Change -44.11% -119.73% 2779.08%
Cash From Investing Activities -$921.5K -$7.070M -$1.611M
YoY Change -53.64% 114.11% 330.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.454M -1.198M -618.5K
YoY Change -56.59% 111.45% -19.08%
NET CHANGE
Cash From Operating Activities 220.6K 10.11M -5.610M
Cash From Investing Activities -921.5K -7.070M -1.611M
Cash From Financing Activities 2.454M -1.198M -618.5K
Net Change In Cash 1.753M 1.842M -7.840M
YoY Change -78.13% -89.66% 23.52%
FREE CASH FLOW
Cash From Operating Activities $220.6K $10.11M -$5.610M
Capital Expenditures $208.0K -$7.528M -$638.0K
Free Cash Flow $12.62K $17.64M -$4.972M
YoY Change -99.75% -22.16% 2.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-38474
dei Entity Registrant Name
EntityRegistrantName
Jerash Holdings (US), Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-4701719
dei Entity Address Address Line1
EntityAddressAddressLine1
277 Fairfield Road
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 338
dei Entity Address City Or Town
EntityAddressCityOrTown
Fairfield
dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
07004
dei City Area Code
CityAreaCode
(201)
dei Local Phone Number
LocalPhoneNumber
285-7973
dei Security12b Title
Security12bTitle
Common Stock, par value $0.001 per share
dei Trading Symbol
TradingSymbol
JRSH
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
CY2022Q1 us-gaap Inventory Net
InventoryNet
28255179 usd
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
true
dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12429492 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23013797 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25176120 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4030082 usd
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11049069 usd
CY2022Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
20524 usd
CY2022Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
374377 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
36426607 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2896886 usd
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3233592 usd
CY2022Q1 jrsh Investment Deposits
InvestmentDeposits
500000 usd
CY2022Q3 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
2271202 usd
CY2022Q1 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
1284601 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
68659098 usd
CY2022Q1 us-gaap Assets Current
AssetsCurrent
69872938 usd
CY2022Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1437339 usd
CY2022Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1407368 usd
CY2022Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
302941 usd
CY2022Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
419597 usd
CY2022Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
352590 usd
CY2022Q1 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
352590 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20815727 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10933147 usd
CY2022Q3 us-gaap Goodwill
Goodwill
499282 usd
CY2022Q1 us-gaap Goodwill
Goodwill
499282 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1304530 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1826062 usd
CY2022Q3 us-gaap Assets
Assets
93371507 usd
CY2022Q1 us-gaap Assets
Assets
85310984 usd
CY2022Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1106130 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
10536911 usd
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
4840225 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3795540 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3115953 usd
CY2022Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
3019804 usd
CY2022Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2861272 usd
CY2022Q3 jrsh Other Payables Current
OtherPayablesCurrent
1528980 usd
CY2022Q1 jrsh Other Payables Current
OtherPayablesCurrent
2278816 usd
CY2022Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
465405 usd
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
300166 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
685297 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
739101 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
21138067 usd
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
14135533 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
494831 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
869313 usd
CY2022Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
751410 usd
CY2022Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
1001880 usd
CY2022Q3 us-gaap Liabilities
Liabilities
22384308 usd
CY2022Q1 us-gaap Liabilities
Liabilities
16006726 usd
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12534318 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12334318 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12429492 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12334318 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
12534 usd
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
12334 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
22811968 usd
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
22517346 usd
CY2022Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
104826 shares
CY2022Q3 us-gaap Treasury Stock Value
TreasuryStockValue
547713 usd
CY2022Q3 us-gaap Other Additional Capital
OtherAdditionalCapital
379323 usd
CY2022Q1 us-gaap Other Additional Capital
OtherAdditionalCapital
379323 usd
CY2022Q3 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
48537812 usd
CY2022Q1 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
46268110 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-206725 usd
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
127145 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
70987199 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
69304258 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
93371507 usd
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
85310984 usd
CY2022Q3 us-gaap Revenues
Revenues
37825695 usd
CY2021Q3 us-gaap Revenues
Revenues
45711166 usd
us-gaap Revenues
Revenues
71262256 usd
us-gaap Revenues
Revenues
75599858 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
30907908 usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
35606587 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
57722102 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
59864337 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
6917787 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
10104579 usd
us-gaap Gross Profit
GrossProfit
13540154 usd
us-gaap Gross Profit
GrossProfit
15735521 usd
CY2022Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4308084 usd
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4177204 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8326782 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7462779 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2609703 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5612079 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
4918550 usd
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
315296 usd
us-gaap Share Based Compensation
ShareBasedCompensation
294822 usd
us-gaap Share Based Compensation
ShareBasedCompensation
315813 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
4308084 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
4492500 usd
us-gaap Operating Expenses
OperatingExpenses
8621604 usd
us-gaap Operating Expenses
OperatingExpenses
7778592 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
7956929 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
163595 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
45762 usd
us-gaap Interest Expense
InterestExpense
251437 usd
us-gaap Interest Expense
InterestExpense
74401 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
57807 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-74557 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
118049 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-38276 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-105788 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-120319 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-133388 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-112677 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2503915 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5491760 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4785162 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7844252 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
712163 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1050330 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1272028 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1468139 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1791752 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4441430 usd
us-gaap Net Income Loss
NetIncomeLoss
3513134 usd
us-gaap Net Income Loss
NetIncomeLoss
6376113 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-216210 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-263 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-333870 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
79725 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1575542 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4441167 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3179264 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6455838 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11334318 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12416823 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12498431 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11333907 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12498431 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11512533 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12485512 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11403931 shares
CY2022Q3 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.05
CY2021Q3 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.05
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.1
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.1
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
56391329 usd
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
315813 usd
us-gaap Net Income Loss
NetIncomeLoss
6376113 usd
us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
1133365 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
79725 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
62029615 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
69304258 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
294822 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
547713 usd
us-gaap Net Income Loss
NetIncomeLoss
3513134 usd
us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
1243432 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-333870 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
70987199 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
57839868 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
315296 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
4441430 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
566716 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-263 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
62029615 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
70586086 usd
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
547713 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1791752 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
626716 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-216210 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
70987199 usd
us-gaap Net Income Loss
NetIncomeLoss
3513134 usd
us-gaap Net Income Loss
NetIncomeLoss
6376113 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1184940 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
880135 usd
us-gaap Share Based Compensation
ShareBasedCompensation
294822 usd
us-gaap Share Based Compensation
ShareBasedCompensation
315813 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
548849 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
356030 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7018987 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1382857 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8171427 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4475694 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-336710 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
504673 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
986600 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-1149836 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5696686 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3387584 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
679586 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1127297 usd
jrsh Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
-749837 usd
jrsh Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
-378957 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
465405 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1474932 usd
jrsh Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-455604 usd
jrsh Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-241107 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
262106 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-37442 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9637757 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10223230 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7679600 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1606419 usd
jrsh Payments For Construction Of Properties
PaymentsForConstructionOfProperties
2641614 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
3200000 usd
jrsh Payments To Acquire Long Term Deposits
PaymentsToAcquireLongTermDeposits
129650 usd
jrsh Payments To Acquire Long Term Deposits
PaymentsToAcquireLongTermDeposits
268255 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10450864 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5074674 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1243432 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1133365 usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
547713 usd
us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
901055 usd
us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
612703 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
300166 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
2007185 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-985181 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1746068 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-334064 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
79625 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2132352 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3482113 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26583488 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22860463 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24451136 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26342576 usd
CY2022Q3 jrsh Cash And Restricted Cash End Of Year
CashAndRestrictedCashEndOfYear
24451136 usd
CY2021Q3 jrsh Cash And Restricted Cash End Of Year
CashAndRestrictedCashEndOfYear
26342576 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1437339 usd
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1301588 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23013797 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25040988 usd
us-gaap Interest Paid Net
InterestPaidNet
251437 usd
us-gaap Interest Paid Net
InterestPaidNet
74401 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1096934 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1512215 usd
jrsh Equipment Obtained By Utilizing Longterm Deposit
EquipmentObtainedByUtilizingLongtermDeposit
1111043 usd
jrsh Equipment Obtained By Utilizing Longterm Deposit
EquipmentObtainedByUtilizingLongtermDeposit
321955 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
68932 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
353611 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the unaudited condensed consolidated financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company’s most significant estimates include allowance for doubtful accounts, valuation of inventory reserve, useful lives of buildings and other property, and the measurement of stock-based compensation expenses. Actual results could differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022Q3 jrsh Goodwill1
Goodwill1
499282 usd
CY2022Q1 jrsh Goodwill1
Goodwill1
499282 usd
jrsh Contract Liabilities
ContractLiabilities
465405 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
465405 usd
jrsh Income Tax Description
IncomeTaxDescription
In accordance with Development Zone law, Jerash Garments and its subsidiaries were subject to corporate income tax in Jordan at a rate of 16% plus a 1% social contribution between January 1, 2021 and December 31, 2021. Effective January 1, 2022, the income tax rate increased to 18% or 20%, plus a 1% social contribution.
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.16 pure
CY2022Q3 jrsh Income Tax Realized Percentage
IncomeTaxRealizedPercentage
0.50 pure
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentrations and Credit Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Credit risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of September 30, 2022, and March 31, 2022, respectively, $11,022,463 and $12,735,486 of the Company’s cash was on deposit at financial institutions in Jordan, where there currently is no rule or regulation requiring such financial institutions to maintain insurance to cover bank deposits in the event of bank failure. As of September 30, 2022, and March 31, 2022, $245,405 and $351,255 of the Company’s cash was on deposit at financial institutions in China, respectively. Cash maintained in banks within China of less than CNY 0.5 million (equivalent to $70,296) per bank are covered by “deposit insurance regulation” promulgated by the State Council of the People’s Republic of China. As of September 30, 2022, and March 31, 2022, $12,789,582 and $13,311,340 of the Company’s cash was on deposit at financial institutions in Hong Kong, respectively, which are insured by the Hong Kong Deposit Protection Board subject to certain limitations. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. As of September 30, 2022, and March 31, 2022, $269,505 and $37,342 of the Company’s cash was on deposit in the United States, respectively and are insured by the Federal Deposit Insurance Corporation up to $250,000.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Accounts receivable are typically unsecured and derived from revenue earned from customers, and therefore are exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 301.5pt 0pt 0"><span style="text-decoration:underline">Customer and vendor concentration risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 301.5pt 0pt 0; text-indent: 0.5in">        </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s sales are made primarily in the United States. Its operating results could be adversely affected by U.S. government policies on importing business, foreign exchange rate fluctuations, and changes in local market conditions. The Company has a concentration of its revenue and purchases with specific customers and suppliers. For the three and six months ended September 30, 2022, two end-customers accounted for 64% and 11%, and 65% and 16% of the Company’s total revenue, respectively. For the three and six months ended September 30, 2021, two end-customers accounted for 80% and 14%, and 75% and 21% of the Company’s total revenue, respectively. As of September 30, 2022, four end-customers accounted for 28%, 23%, 20%, and 15% of the Company’s total accounts receivable balance, respectively. As of March 31, 2022, one end-customer accounted for 89% of the Company’s total accounts receivable balance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the three months ended September 30, 2022, the Company purchased approximately 23%, 20%, and 10% of its raw materials from three major suppliers, respectively. For the six months ended September 30, 2022, the Company purchased approximately 15% and 13% of its raw materials from two major suppliers, respectively. For the three and six months ended September 30, 2021, the Company purchased approximately 25% and 16%, respectively, of its garments from one major supplier. As of September 30, 2022, accounts payable to the Company’s two major suppliers accounted for 50% and 25%, of its total accounts payable balance, respectively. As of March 31, 2022, accounts payable to the Company’s three major suppliers accounted for 11%, 11%, and 10% of its total accounts payable balance, respectively. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4251665 usd
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
11270652 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
221583 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
221583 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
4030082 usd
CY2022Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
11049069 usd
CY2022Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
18783134 usd
CY2022Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
17714578 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1976978 usd
CY2022Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
2010417 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
15666495 usd
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8530184 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
36426607 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
28255179 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
413183 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
667388 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
190886 usd
us-gaap Temporary Equity Description
TemporaryEquityDescription
On June 24, 2021, the Board of Directors approved the grant of 200,000 Restricted Stock Units (“RSUs”) under the Plan to 32 executive officers and employees of the Company, with a one-year vesting period. All RSUs were vested and 200,000 additional shares were issued on June 30, 2022. 
CY2022Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
104826 shares
CY2022Q3 jrsh Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
2271202 usd
CY2022Q1 jrsh Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
1284601 usd
CY2022Q3 jrsh Advanceson Inventory Purchase
AdvancesonInventoryPurchase
2271202 usd
CY2022Q1 jrsh Advanceson Inventory Purchase
AdvancesonInventoryPurchase
1284601 usd
jrsh Number Of Operating Leases
NumberOfOperatingLeases
47 pure
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y10M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0406 pure
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
626994 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
607013 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1266713 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1191750 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
88155 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1359612 usd
CY2022Q3 jrsh Less Imputed Interest
LessImputedInterest
55082 usd
CY2022Q3 jrsh Lessee Operating Lease Liability Prepayments
LesseeOperatingLeaseLiabilityPrepayments
124402 usd
CY2022Q3 jrsh Leases Operating Present Valu Lease Liability
LeasesOperatingPresentValuLeaseLiability
1180128 usd
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
626716 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
28967971 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20555494 usd
CY2022Q3 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
12892181 usd
CY2022Q1 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
11720670 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20815727 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10933147 usd
jrsh Estimated Construction Cost Description
EstimatedConstructionCostDescription
Through September 30, 2022, the Company had paid approximately JOD392,000 (approximately $553,000) and the entire approximately $553,000 was recorded as construction in progress. The estimated construction cost is revised to approximately JOD870,000 (approximately $1.2 million). The project is expected to be completed and ready to use in fiscal 2023.
CY2022Q3 us-gaap Area Of Land
AreaOfLand
12340 sqm
CY2022Q3 us-gaap Area Of Land
AreaOfLand
3 acre
CY2022Q3 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
8200000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3000000 jod
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4200000 usd
CY2022Q3 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
39600000 jod
us-gaap Acquisition Costs
AcquisitionCosts
5100000 usd
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
390000 usd
us-gaap Payments To Acquire Land
PaymentsToAcquireLand
2300000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
553941 usd
CY2021Q3 us-gaap Depreciation
Depreciation
475609 usd
us-gaap Depreciation
Depreciation
1184940 usd
us-gaap Depreciation
Depreciation
880135 usd
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
12429492 shares
CY2022Q1 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
12334318 shares
CY2022Q3 jrsh Total Consideration Amount
TotalConsiderationAmount
547713 usd
CY2022Q3 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
2452287 usd
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
616716 usd
jrsh Statutory Reserve Description
StatutoryReserveDescription
Appropriations to the statutory reserve are required to be 10% of net income until the reserve is equal to 100% of the entity’s share capital. This reserve is not available for dividend distribution. In addition, PRC companies are required to set aside at least 10% of their after-tax net profits each year, if any, to fund the statutory reserves until the balance of the reserves reaches 50% of their registered capital.
CY2022Q3 jrsh Common Stock Dividend Per Share
CommonStockDividendPerShare
0.05
CY2022Q2 jrsh Common Stock Dividend Per Share
CommonStockDividendPerShare
0.05
CY2021Q3 jrsh Common Stock Dividend Per Share
CommonStockDividendPerShare
0.05
CY2021Q2 jrsh Common Stock Dividend Per Share
CommonStockDividendPerShare
0.05
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
616715 usd
CY2021Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
616716 usd
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
566716 usd
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
566649 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
137210 shares
CY2022Q3 jrsh Class Of Warrant Or Rights Outstanding
ClassOfWarrantOrRightsOutstanding
57200 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
8.75
CY2018Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1484250 shares
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
394750 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
989500 shares
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.026 pure
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.503 pure
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
150000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.12
CY2018Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0295 pure
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.503 pure
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
50000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
6.5
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P10Y
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0177 pure
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4859 pure
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0308 pure
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1136500 shares
CY2021Q2 jrsh Vesting Period
VestingPeriod
On June 24, 2021, the Board of Directors approved the grant of 200,000 RSUs under the Plan to 32 executive officers and employees of the Company, with a one-year vesting period.
CY2022Q2 jrsh Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Option
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOption
200000 usd
CY2021Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
315296 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
294822 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
315813 usd
jrsh Agreement Renews Term
AgreementRenewsTerm
P1M
CY2022Q1 us-gaap Due To Employees Current And Noncurrent
DueToEmployeesCurrentAndNoncurrent
300166 usd
CY2019Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
3000000 usd
jrsh Number Of Customer Participated In Financing Program
NumberOfCustomerParticipatedInFinancingProgram
2 pure
CY2022Q3 us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
163595 usd
us-gaap Early Repayment Of Senior Debt
EarlyRepaymentOfSeniorDebt
251437 usd
CY2022Q3 us-gaap Customer Advances Current
CustomerAdvancesCurrent
465405 usd
CY2022Q3 jrsh Net Income Attributable To Jerash Holdings Us Incs Common Stockholdersin Dollars
NetIncomeAttributableToJerashHoldingsUSIncsCommonStockholdersinDollars
1791752 usd
CY2021Q3 jrsh Net Income Attributable To Jerash Holdings Us Incs Common Stockholdersin Dollars
NetIncomeAttributableToJerashHoldingsUSIncsCommonStockholdersinDollars
4441430 usd
jrsh Net Income Attributable To Jerash Holdings Us Incs Common Stockholdersin Dollars
NetIncomeAttributableToJerashHoldingsUSIncsCommonStockholdersinDollars
3513134 usd
jrsh Net Income Attributable To Jerash Holdings Us Incs Common Stockholdersin Dollars
NetIncomeAttributableToJerashHoldingsUSIncsCommonStockholdersinDollars
6376113 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12498431 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11334318 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12416823 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11333907 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
178215 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
68689 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
70024 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12498431 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
11512533 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12485512 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
11403931 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2022Q3 jrsh Total Revenue Percentage
TotalRevenuePercentage
0.938 pure
CY2021Q3 jrsh Total Revenue Percentage
TotalRevenuePercentage
0.964 pure
jrsh Total Revenue Percentage
TotalRevenuePercentage
0.936 pure
jrsh Total Revenue Percentage
TotalRevenuePercentage
0.972 pure
CY2022Q3 us-gaap Revenues
Revenues
37825695 usd
CY2021Q3 us-gaap Revenues
Revenues
45711166 usd
us-gaap Revenues
Revenues
71262256 usd
us-gaap Revenues
Revenues
75599858 usd
us-gaap Income Tax Holiday Description
IncomeTaxHolidayDescription
This exemption had been extended for five years until December 31, 2018. Effective January 1, 2019, the Jordanian government reclassified the area where Jerash Garments and its subsidiaries are to a Development Zone. In accordance with the Development Zone law, Jerash Garments and its subsidiaries were subject to income tax at income tax rate of 16% plus a 1% social contribution between January 1, 2021 and December 31, 2021. Effective from January 1, 2022, the income tax rate raised to 18% or 20% plus 1% social contribution.
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.284 pure
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.266 pure
CY2022Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
shares
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
usd
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.14
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.28
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.39
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.56
jrsh Cashless Exercise Of Warrants
CashlessExerciseOfWarrants
usd
jrsh Common Stock Issued Net Of Stock Issuance Costs Of730000
CommonStockIssuedNetOfStockIssuanceCostsOf730000
usd
jrsh Payments For Construction Of Properties
PaymentsForConstructionOfProperties
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
usd
CY2022 jrsh Contract Liabilities
ContractLiabilities
usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
usd
CY2022Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
usd
CY2022Q3 jrsh Allowance For Doubtful Accounts Receivable From Suppliers
AllowanceForDoubtfulAccountsReceivableFromSuppliers
usd
CY2022Q1 jrsh Allowance For Doubtful Accounts Receivable From Suppliers
AllowanceForDoubtfulAccountsReceivableFromSuppliers
usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
usd
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2022Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
usd
CY2022Q3 us-gaap Due To Employees Current And Noncurrent
DueToEmployeesCurrentAndNoncurrent
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001696558

Files In Submission

Name View Source Status
0001213900-22-072195-index-headers.html Edgar Link pending
0001213900-22-072195-index.html Edgar Link pending
0001213900-22-072195.txt Edgar Link pending
0001213900-22-072195-xbrl.zip Edgar Link pending
f10q0922ex31-1_jerashhold.htm Edgar Link pending
f10q0922ex31-2_jerashhold.htm Edgar Link pending
f10q0922ex32-1_jerashhold.htm Edgar Link pending
f10q0922ex32-2_jerashhold.htm Edgar Link pending
f10q0922_jerashholdings.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
jrsh-20220930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
jrsh-20220930_cal.xml Edgar Link unprocessable
jrsh-20220930_def.xml Edgar Link unprocessable
jrsh-20220930_lab.xml Edgar Link unprocessable
jrsh-20220930_pre.xml Edgar Link unprocessable
f10q0922_jerashholdings_htm.xml Edgar Link completed
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable