2023 Q2 Form 10-K Financial Statement
#000121390023052460 Filed on June 28, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
Revenue | $34.74M | $23.77M | $138.1M |
YoY Change | 3.89% | -23.16% | -3.69% |
Cost Of Revenue | $29.17M | $21.32M | $116.3M |
YoY Change | 8.78% | -18.79% | 0.22% |
Gross Profit | $5.568M | $2.453M | $21.79M |
YoY Change | -15.93% | -47.65% | -20.28% |
Gross Profit Margin | 16.03% | 10.32% | 15.78% |
Selling, General & Admin | $4.235M | $4.283M | $16.96M |
YoY Change | 3.13% | -2.88% | 0.7% |
% of Gross Profit | 76.06% | 174.62% | 77.84% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $608.8K | $676.7K | $2.431M |
YoY Change | -3.52% | 6.16% | 13.09% |
% of Gross Profit | 10.93% | 27.59% | 11.16% |
Operating Expenses | $4.476M | $4.283M | $17.37M |
YoY Change | 1.69% | -2.88% | 3.16% |
Operating Profit | $1.092M | -$1.830M | $4.415M |
YoY Change | -50.84% | -765.8% | -57.91% |
Interest Expense | $389.0K | -$267.8K | $768.1K |
YoY Change | 342.78% | 264.78% | |
% of Operating Profit | 35.62% | 17.4% | |
Other Income/Expense, Net | -$298.7K | $181.5K | -$331.1K |
YoY Change | -595.87% | 41154.55% | 641.11% |
Pretax Income | $793.1K | -$1.917M | $4.084M |
YoY Change | -65.23% | -796.07% | -60.9% |
Income Tax | $298.0K | $67.70K | $1.664M |
% Of Pretax Income | 37.57% | 40.75% | |
Net Earnings | $495.1K | -$1.984M | $2.420M |
YoY Change | -71.24% | 1411.18% | -69.45% |
Net Earnings / Revenue | 1.43% | -8.35% | 1.75% |
Basic Earnings Per Share | $0.04 | $0.19 | |
Diluted Earnings Per Share | $0.04 | -$0.15 | $0.19 |
COMMON SHARES | |||
Basic Shares Outstanding | 12.29M shares | 12.38M shares | 12.64M shares |
Diluted Shares Outstanding | 12.29M shares | 12.68M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $18.46M | $17.80M | $17.80M |
YoY Change | -20.65% | -30.67% | -30.67% |
Cash & Equivalents | $18.46M | $17.80M | |
Short-Term Investments | $0.00 | $0.00 | |
Other Short-Term Assets | $6.098M | $4.481M | $4.481M |
YoY Change | -3.43% | -0.83% | -0.83% |
Inventory | $23.80M | $32.66M | $32.66M |
Prepaid Expenses | |||
Receivables | $6.410M | $2.241M | $2.241M |
Other Receivables | $31.37K | $104.3K | $104.3K |
Total Short-Term Assets | $54.80M | $57.28M | $57.28M |
YoY Change | -21.31% | -18.02% | -18.02% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $23.26M | $22.36M | $23.33M |
YoY Change | 85.95% | 104.48% | 82.85% |
Goodwill | $499.3K | $499.3K | |
YoY Change | 0.0% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.871M | $2.605M | $2.605M |
YoY Change | 42.88% | 19.54% | 19.54% |
Total Long-Term Assets | $27.57M | $26.44M | $26.44M |
YoY Change | 65.47% | 71.23% | 71.23% |
TOTAL ASSETS | |||
Total Short-Term Assets | $54.80M | $57.28M | $57.28M |
Total Long-Term Assets | $27.57M | $26.44M | $26.44M |
Total Assets | $82.37M | $83.72M | $83.72M |
YoY Change | -4.56% | -1.87% | -1.87% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.571M | $5.783M | $5.783M |
YoY Change | -14.79% | 19.47% | 19.47% |
Accrued Expenses | $2.445M | $2.931M | $3.412M |
YoY Change | -24.91% | -5.95% | -11.49% |
Deferred Revenue | $928.4K | ||
YoY Change | |||
Short-Term Debt | $3.117M | $0.00 | $0.00 |
YoY Change | 175.86% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $13.34M | $14.45M | $14.45M |
YoY Change | -4.75% | 2.2% | 2.2% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $737.2K | $1.039M | $1.039M |
YoY Change | -56.86% | -44.49% | -44.49% |
Total Long-Term Liabilities | $737.2K | $1.039M | $1.039M |
YoY Change | -56.86% | -44.49% | -44.49% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $13.34M | $14.45M | $14.45M |
Total Long-Term Liabilities | $737.2K | $1.039M | $1.039M |
Total Liabilities | $14.07M | $15.49M | $15.49M |
YoY Change | -10.42% | -3.26% | -3.26% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $46.17M | ||
YoY Change | |||
Common Stock | $12.53K | $12.53K | |
YoY Change | 0.0% | 1.62% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.169M | $1.169M | |
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $68.26M | $68.23M | $68.23M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $82.37M | $83.72M | $83.72M |
YoY Change | -4.56% | -1.87% | -1.87% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $495.1K | -$1.984M | $2.420M |
YoY Change | -71.24% | 1411.18% | -69.45% |
Depreciation, Depletion And Amortization | $608.8K | $676.7K | $2.431M |
YoY Change | -3.52% | 6.16% | 13.09% |
Cash From Operating Activities | $24.77K | $948.7K | $10.81M |
YoY Change | -105.24% | -116.91% | 20.57% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $61.26K | -$7.165M | $722.8K |
YoY Change | -59.5% | 1023.02% | -124.46% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$1.711M | -$9.568M | -$13.05M |
YoY Change | -47.0% | 883.18% | 128.27% |
Cash From Investing Activities | -$1.773M | -$2.403M | -$13.78M |
YoY Change | -47.56% | 49.14% | 58.82% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $614.7K | $2.484M | |
YoY Change | -0.32% | 4.96% | |
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $2.503M | -5.422M | -$3.953M |
YoY Change | 1074.02% | 776.73% | -220.21% |
NET CHANGE | |||
Cash From Operating Activities | $24.77K | 948.7K | $10.81M |
Cash From Investing Activities | -$1.773M | -2.403M | -$13.78M |
Cash From Financing Activities | $2.503M | -5.422M | -$3.953M |
Net Change In Cash | $659.6K | -6.876M | -$7.172M |
YoY Change | -117.55% | -12.29% | -300.39% |
FREE CASH FLOW | |||
Cash From Operating Activities | $24.77K | $948.7K | $10.81M |
Capital Expenditures | $61.26K | -$7.165M | $722.8K |
Free Cash Flow | -$36.49K | $8.114M | $10.08M |
YoY Change | -94.15% | -263.17% | -15.39% |
Facts In Submission
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---|---|---|---|---|
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Investment Deposits
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usd | |
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2023-03-31 | |
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2023 | |
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Jerash Holdings (US), Inc. | |
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DE | |
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81-4701719 | |
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277 Fairfield Road | |
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Suite 338 | |
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Fairfield | |
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NJ | |
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07004 | |
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285-7973 | |
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CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
4083733 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
10443875 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1664110 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2524275 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2419623 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7919600 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-250374 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
143046 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2169249 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
8062646 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.19 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.67 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12635785 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11821779 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
12675351 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11897717 | shares |
CY2023 | us-gaap |
Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
|
0.2 | |
CY2022 | us-gaap |
Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
|
0.2 | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
56391329 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
947079 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
730000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
6270000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7919600 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
2366796 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
143046 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
69304258 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
69304258 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
413900 | usd |
CY2023 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
1169046 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2419623 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
2484127 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-250374 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
68234234 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2419623 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7919600 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2430692 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2149419 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
413900 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
947079 | usd |
CY2022 | jrsh |
Bad Debt Expense
BadDebtExpense
|
221584 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
989220 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
803056 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-8808532 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-762614 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
87573 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4401654 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3219213 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-285782 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
904305 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
248490 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
-1752091 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-198717 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
203928 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
942345 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3082614 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-185421 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
783087 | usd |
CY2023 | jrsh |
Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
|
-801574 | usd |
CY2022 | jrsh |
Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
|
823608 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
928393 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-977584 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-759919 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
92226 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
971386 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10807134 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8963545 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
722770 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2955328 | usd |
CY2023 | jrsh |
Payments For Construction Of Properties
PaymentsForConstructionOfProperties
|
5084044 | usd |
CY2022 | jrsh |
Payments For Construction Of Properties
PaymentsForConstructionOfProperties
|
2098323 | usd |
CY2022 | jrsh |
Acquisition Of Mk Garments
AcquisitionOfMKGarments
|
2700000 | usd |
CY2023 | jrsh |
Acquisition Of Ever Winland
AcquisitionOfEverWinland
|
5100000 | usd |
CY2023 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
2200000 | usd |
CY2022 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
500000 | usd |
CY2023 | jrsh |
Payments To Acquire Long Term Deposits
PaymentsToAcquireLongTermDeposits
|
668337 | usd |
CY2022 | jrsh |
Payments To Acquire Long Term Deposits
PaymentsToAcquireLongTermDeposits
|
419597 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13775151 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8673248 | usd |
CY2023 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2484127 | usd |
CY2022 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2366796 | usd |
CY2023 | us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
1169046 | usd |
CY2023 | us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
7197995 | usd |
CY2022 | us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
612703 | usd |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
300166 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
1763 | usd |
CY2023 | us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
7197995 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6270000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3953339 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3288738 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-250529 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
143990 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-7171885 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3723025 | 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 |
CY2023Q1 | jrsh |
Cash And Restricted Cash End Of Year
CashAndRestrictedCashEndOfYear
|
19411603 | usd |
CY2022Q1 | jrsh |
Cash And Restricted Cash End Of Year
CashAndRestrictedCashEndOfYear
|
26583488 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19411603 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26583488 | usd |
CY2023Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1609989 | usd |
CY2022Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1407368 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
17801614 | usd |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
25176120 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
481502 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
768131 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
210576 | usd |
CY2023 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1747635 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1762254 | usd |
CY2023 | jrsh |
Equipment Obtained By Utilizing Longterm Deposit
EquipmentObtainedByUtilizingLongtermDeposit
|
237412 | usd |
CY2022 | jrsh |
Equipment Obtained By Utilizing Longterm Deposit
EquipmentObtainedByUtilizingLongtermDeposit
|
321862 | usd |
CY2023 | jrsh |
Noncash Or Part Noncash Acquisition Of Kawbab Venus By Utilizing Longterm Deposit
NoncashOrPartNoncashAcquisitionOfKawbabVenusByUtilizingLongtermDeposit
|
500000 | usd |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
190654 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1022172 | usd |
CY2023 | 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; text-align: justify">The preparation of the 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. Actual results could differ from these estimates.</p> | |
CY2023 | 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. The income tax rate increased to 18% or 20% plus a 1% social contribution starting from January 1, 2022. Effective January 1, 2023, the income tax rate increased to 19% or 20%, plus a 1% social contribution. | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.16 | pure |
CY2023Q1 | jrsh |
Income Tax Realized Percentage
IncomeTaxRealizedPercentage
|
0.50 | pure |
CY2023Q1 | jrsh |
Goodwill1
Goodwill1
|
499282 | usd |
CY2022Q1 | jrsh |
Goodwill1
Goodwill1
|
499282 | usd |
CY2023Q1 | us-gaap |
Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
|
928393 | afn |
CY2023Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
928393 | usd |
CY2023Q1 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
928393 | usd |
CY2023 | 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; text-align: justify"><span style="text-decoration:underline">Credit risk</span></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 March 31, 2023 and 2022, respectively, $7,264,247 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 March 31, 2023 and 2022, respectively, $172,939 and $351,255 of the Company’s cash was on deposit at financial institutions in China. Cash maintained in banks within China of less than CNY0.5 million (equivalent to $72,815) per bank are covered by “deposit insurance regulation” promulgated by the State Council of the People’s Republic of China. As of March 31, 2023 and 2022, respectively, $11,700,512 and $13,311,340 of the Company’s cash was on deposit at financial institutions in Hong Kong, 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 March 31, 2023 and 2022, respectively, $171,496 and $37,342 of the Company’s cash was on deposit in the United States 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; 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"><span style="text-decoration:underline">Customer and vendor concentration risk</span></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 fiscal year ended March 31, 2023 and 2022, two customers accounted for 60% and 17%, and 67% and 24% of the Company’s total revenue, respectively. As of March 31, 2023, four end-customer accounts for 50%, 13%, 10%, and 10%, respectively, of the Company’s total accounts receivable balance. 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; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the fiscal year ended March 31, 2023, the Company purchased approximately 11% of its garments from one major supplier. For the fiscal year ended March 31, 2022, the Company purchased approximately 20% and 11% of its garments from two major suppliers, respectively. As of March 31, 2023, accounts payable to the Company’s one major supplier accounted for 36% of the total accounts payable balance. As of March 31, 2022, accounts payable to the Company’s three major suppliers accounted for 11%, 11%, and 10% of the total accounts payable balance, respectively.</p> | |
CY2023Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
2462120 | usd |
CY2022Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
11270652 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
221583 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
221583 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
2240537 | usd |
CY2022Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
11049069 | usd |
CY2023Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
15240198 | usd |
CY2022Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
17714578 | usd |
CY2023Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2932519 | usd |
CY2022Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2010417 | usd |
CY2023Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
14484116 | usd |
CY2022Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
8530184 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
32656833 | usd |
CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
28255179 | usd |
CY2023 | jrsh |
Inventory Based Orders Received Percentage
InventoryBasedOrdersReceivedPercentage
|
0.934 | pure |
CY2022 | jrsh |
Inventory Based Orders Received Percentage
InventoryBasedOrdersReceivedPercentage
|
0.90 | pure |
CY2023 | jrsh |
Inventories Held On Hand Unfulfilled Sales Orders Percentage
InventoriesHeldOnHandUnfulfilledSalesOrdersPercentage
|
0.066 | pure |
CY2022 | jrsh |
Inventories Held On Hand Unfulfilled Sales Orders Percentage
InventoriesHeldOnHandUnfulfilledSalesOrdersPercentage
|
0.10 | pure |
CY2023Q1 | jrsh |
Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
|
1533091 | usd |
CY2022Q1 | jrsh |
Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
|
1284601 | usd |
CY2023Q1 | jrsh |
Advanceson Inventory Purchase
AdvancesonInventoryPurchase
|
1533091 | usd |
CY2022Q1 | jrsh |
Advanceson Inventory Purchase
AdvancesonInventoryPurchase
|
1284601 | usd |
CY2023 | jrsh |
Number Of Operating Leases
NumberOfOperatingLeases
|
48 | pure |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
974761 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
287247 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
768749 | usd |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y7M6D | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.061 | pure |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2696593 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
2542431 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
707818 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
227337 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
91825 | usd |
CY2023Q1 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1026980 | usd |
CY2023Q1 | jrsh |
Less Imputed Interest
LessImputedInterest
|
52219 | usd |
CY2023Q1 | jrsh |
Lessee Operating Lease Liability Prepayments
LesseeOperatingLeaseLiabilityPrepayments
|
206012 | usd |
CY2023Q1 | jrsh |
Leases Operating Present Valu Lease Liability
LeasesOperatingPresentValuLeaseLiability
|
768749 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
29315676 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
20555494 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
14142469 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
11720670 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
22355574 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10933147 | usd |
CY2023 | jrsh |
Estimated Construction Cost Description
EstimatedConstructionCostDescription
|
Through March 31, 2023, the Company had paid approximately JOD 803,000 (approximately $1,133,000) and the entire balance was recorded as construction in progress. The estimated construction cost is revised to approximately JOD 870,000 (approximately $1.2 million). The project is expected to be completed and ready to use in fiscal 2024. | |
CY2023Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
803000 | jod |
CY2023Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
1133000 | usd |
CY2023Q1 | us-gaap |
Construction Contract Cost Progress Payment Offset
ConstructionContractCostProgressPaymentOffset
|
870000 | jod |
CY2023Q1 | us-gaap |
Construction Contract Cost Progress Payment Offset
ConstructionContractCostProgressPaymentOffset
|
1200000 | usd |
CY2022Q2 | us-gaap |
Area Of Land
AreaOfLand
|
4516 | sqm |
CY2022Q2 | us-gaap |
Area Of Land
AreaOfLand
|
48608 | sqft |
CY2022Q2 | us-gaap |
Contributions In Aid Of Construction
ContributionsInAidOfConstruction
|
8800000 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4300000 | jod |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6100000 | usd |
CY2022Q3 | us-gaap |
Contributions In Aid Of Construction
ContributionsInAidOfConstruction
|
39600000 | hkd |
CY2022Q3 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
5100000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
2430692 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
2149419 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2022Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2023Q1 | 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 | |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
12294840 | shares |
CY2022Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
12334318 | shares |
CY2022Q2 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
239478 | shares |
CY2022Q2 | jrsh |
Total Consideration Amount
TotalConsiderationAmount
|
1169046 | usd |
CY2023 | 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. | |
CY2023Q1 | jrsh |
Common Stock Dividend Per Share
CommonStockDividendPerShare
|
0.05 | |
CY2022Q4 | jrsh |
Common Stock Dividend Per Share
CommonStockDividendPerShare
|
0.05 | |
CY2022Q3 | jrsh |
Common Stock Dividend Per Share
CommonStockDividendPerShare
|
0.05 | |
CY2022Q2 | jrsh |
Common Stock Dividend Per Share
CommonStockDividendPerShare
|
0.05 | |
CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
618886 | usd |
CY2022Q4 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
621809 | usd |
CY2022Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
626716 | usd |
CY2022Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
616716 | usd |
CY2022Q1 | jrsh |
Common Stock Dividend Per Share
CommonStockDividendPerShare
|
0.05 | |
CY2021Q4 | 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 |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y | |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
137210 | shares |
CY2023Q1 | jrsh |
Class Of Warrant Or Rights Outstanding
ClassOfWarrantOrRightsOutstanding
|
57200 | shares |
CY2023Q1 | 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 | |
CY2023 | us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2023-05-14 | |
CY2018Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
1484250 | shares |
CY2023Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
42650 | 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 |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
1136500 | shares |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P1Y | |
CY2022Q2 | jrsh |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Option
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOption
|
200000 | usd |
CY2023Q1 | us-gaap |
Employee Stock Ownership Plan Esop Fair Value Of Shares Subject To Repurchase Obligation
EmployeeStockOwnershipPlanESOPFairValueOfSharesSubjectToRepurchaseObligation
|
1937695 | usd |
CY2023 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
1815275 | usd |
CY2023 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
|
700 | shares |
CY2023 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
|
405100 | shares |
CY2023 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
413900 | usd |
CY2022 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
947079 | usd |
CY2022Q1 | jrsh |
Due To Employees
DueToEmployees
|
300166 | usd |
CY2022Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
2861272 | usd |
CY2023Q1 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
751410 | usd |
CY2022Q1 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
1001880 | usd |
CY2023Q1 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
3597611 | usd |
CY2022Q1 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
3863152 | usd |
CY2023 | jrsh |
Number Of Customer Participated In Financing Program
NumberOfCustomerParticipatedInFinancingProgram
|
2 | customer |
CY2023 | us-gaap |
Payments For Fees
PaymentsForFees
|
647906 | usd |
CY2022 | us-gaap |
Payments For Fees
PaymentsForFees
|
210576 | usd |
CY2023 | us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
1598800 | shares |
CY2023 | jrsh |
Net Income Attributable To Jerash Holdings Us Incs Common Stockholdersin Dollars
NetIncomeAttributableToJerashHoldingsUSIncsCommonStockholdersinDollars
|
2420000 | usd |
CY2022 | jrsh |
Net Income Attributable To Jerash Holdings Us Incs Common Stockholdersin Dollars
NetIncomeAttributableToJerashHoldingsUSIncsCommonStockholdersinDollars
|
7920000 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12635785 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11821779 | shares |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
39566 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
75938 | shares |
CY2023 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
12675351 | shares |
CY2022 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
11897717 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.19 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.67 | |
CY2023 | jrsh |
Total Revenue Percentage
TotalRevenuePercentage
|
0.941 | pure |
CY2022 | jrsh |
Total Revenue Percentage
TotalRevenuePercentage
|
0.934 | pure |
CY2023 | jrsh |
Concentration Risk Net Asset Amount Geographic Area
ConcentrationRiskNetAssetAmountGeographicArea
|
138063309 | usd |
CY2022 | jrsh |
Concentration Risk Net Asset Amount Geographic Area
ConcentrationRiskNetAssetAmountGeographicArea
|
143354902 | usd |
CY2019Q3 | us-gaap |
Capital Units
CapitalUnits
|
3000000 | hkd |
CY2020Q4 | us-gaap |
Capital Units
CapitalUnits
|
15000000 | hkd |
CY2023Q1 | us-gaap |
Capital Units
CapitalUnits
|
15000000 | hkd |
CY2023Q1 | jrsh |
Capital Contribution
CapitalContribution
|
10000000 | hkd |
CY2023 | us-gaap |
Income Tax Holiday Description
IncomeTaxHolidayDescription
|
Jerash Garments, Jerash Embroidery, Chinese Garments, Paramount, Jerash the First, MK Garments, and Kawkab Venus are subject to the regulations of the Income Tax Department in Jordan. In accordance with the Investment Encouragement Law, Jerash Garments’ export sales to overseas customers were entitled to a 100% income tax exemption for a period of 10 years commencing on the first day of production. 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 16% plus a 1% social contribution between January 1, 2021 and December 31, 2021. The income tax rate increased to 18% or 20% plus a 1% social contribution starting from January 1, 2022. Effective January 1, 2023, the income tax rate increased to 19% or 20%, plus a 1% social contribution. | |
CY2023Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
2846201 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-1761439 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-2508655 | usd |
CY2023 | jrsh |
Income Loss From Continuing Operation Before Income Taxes Foreign
IncomeLossFromContinuingOperationBeforeIncomeTaxesForeign
|
5845172 | usd |
CY2022 | jrsh |
Income Loss From Continuing Operation Before Income Taxes Foreign
IncomeLossFromContinuingOperationBeforeIncomeTaxesForeign
|
12952530 | usd |
CY2023 | jrsh |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investment
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestment
|
4083733 | usd |
CY2022 | jrsh |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investment
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestment
|
10443875 | usd |
CY2022 | jrsh |
Current Federal Tax Expens Benefit
CurrentFederalTaxExpensBenefit
|
-147 | usd |
CY2023 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
750 | usd |
CY2022 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
700 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-1464643 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-2727650 | usd |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
1465393 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
2728203 | usd |
CY2023 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
198717 | usd |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-203928 | usd |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
198717 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-203928 | usd |
CY2023 | us-gaap |
Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
|
1664110 | usd |
CY2022 | us-gaap |
Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
|
2524275 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.407 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.242 | pure |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
857052 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
2193499 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
593 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
593 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
|
85589 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
|
431 | usd |
CY2022 | us-gaap |
Dividend Income Securities Operating Taxable
DividendIncomeSecuritiesOperatingTaxable
|
474 | usd |
CY2023 | jrsh |
Income Tax Reconciliation Global Intangible Low Taxed Income
IncomeTaxReconciliationGlobalIntangibleLowTaxedIncome
|
846116 | usd |
CY2022 | jrsh |
Income Tax Reconciliation Global Intangible Low Taxed Income
IncomeTaxReconciliationGlobalIntangibleLowTaxedIncome
|
1783313 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
558642 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
1455812 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
237688 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
159053 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-151246 | usd |
CY2023 | jrsh |
Income Tax Reconciliation Provision To Return Adjustments
IncomeTaxReconciliationProvisionToReturnAdjustments
|
195714 | usd |
CY2022 | jrsh |
Income Tax Reconciliation Provision To Return Adjustments
IncomeTaxReconciliationProvisionToReturnAdjustments
|
-5082 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1664110 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2524275 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
154227 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
352590 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
354 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
153873 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
352590 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
|
18000000 | usd |
CY2023 | us-gaap |
Deferred Tax Liability Not Recognized Description Of Temporary Difference Policyholders Surplus
DeferredTaxLiabilityNotRecognizedDescriptionOfTemporaryDifferencePolicyholdersSurplus
|
The reversal of this temporary difference would occur upon the sale or liquidation of the Company’s foreign subsidiaries, and the estimated impact of the reversal of this temporary difference is approximately $3.8 million. | |
CY2023Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
10000000 | usd |
CY2023Q1 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
usd | |
CY2022Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
usd | |
CY2023Q1 | jrsh |
Amount Due To A Related Party
AmountDueToARelatedParty
|
usd | |
CY2023Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
usd | |
CY2022Q1 | us-gaap |
Treasury Stock Common Shares
TreasuryStockCommonShares
|
shares | |
CY2022 | jrsh |
Cashless Exercise Of Warrants
CashlessExerciseOfWarrants
|
usd | |
CY2022 | jrsh |
Statutory Reserve
StatutoryReserve
|
usd | |
CY2023 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
usd | |
CY2023 | jrsh |
Statutory Reserve
StatutoryReserve
|
usd | |
CY2023 | jrsh |
Bad Debt Expense
BadDebtExpense
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
usd | |
CY2023 | jrsh |
Acquisition Of Mk Garments
AcquisitionOfMKGarments
|
usd | |
CY2022 | jrsh |
Acquisition Of Ever Winland
AcquisitionOfEverWinland
|
usd | |
CY2022 | us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
usd | |
CY2022 | us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2022Q1 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
usd | |
CY2022Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
usd | |
CY2023Q1 | jrsh |
Allowance For Doubtful Accounts Receivable From Suppliers
AllowanceForDoubtfulAccountsReceivableFromSuppliers
|
usd | |
CY2022Q1 | jrsh |
Allowance For Doubtful Accounts Receivable From Suppliers
AllowanceForDoubtfulAccountsReceivableFromSuppliers
|
usd | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
usd | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
usd | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
usd | |
CY2023Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q1 | jrsh |
Due To Employees
DueToEmployees
|
usd | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | |
CY2023 | jrsh |
Current Federal Tax Expens Benefit
CurrentFederalTaxExpensBenefit
|
usd | |
CY2023 | us-gaap |
Dividend Income Securities Operating Taxable
DividendIncomeSecuritiesOperatingTaxable
|
usd | |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
usd | |
CY2022Q1 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
usd | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
usd | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
usd | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
usd | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
usd | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
usd | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001696558 |