2023 Q4 Form 10-Q Financial Statement
#000121390023086911 Filed on November 14, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2023 Q1 |
---|---|---|---|
Revenue | $27.52M | $33.36M | $23.77M |
YoY Change | -36.04% | -11.81% | -23.16% |
Cost Of Revenue | $23.06M | $27.99M | $21.32M |
YoY Change | -38.07% | -9.46% | -18.79% |
Gross Profit | $4.462M | $5.372M | $2.453M |
YoY Change | -23.02% | -22.34% | -47.65% |
Gross Profit Margin | 16.21% | 16.1% | 10.32% |
Selling, General & Admin | $3.843M | $4.241M | $4.283M |
YoY Change | -14.03% | -1.57% | -2.88% |
% of Gross Profit | 86.12% | 78.94% | 174.62% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $657.5K | $615.5K | $676.7K |
YoY Change | 15.56% | 11.12% | 6.16% |
% of Gross Profit | 14.74% | 11.46% | 27.59% |
Operating Expenses | $4.086M | $4.484M | $4.283M |
YoY Change | -8.58% | 4.08% | -2.88% |
Operating Profit | $375.8K | $888.0K | -$1.830M |
YoY Change | -71.67% | -65.97% | -765.8% |
Interest Expense | $235.0K | $359.2K | -$267.8K |
YoY Change | -5.59% | 119.59% | |
% of Operating Profit | 62.53% | 40.45% | |
Other Income/Expense, Net | $380.7K | -$166.7K | $181.5K |
YoY Change | -441.55% | 57.59% | 41154.55% |
Pretax Income | $270.7K | $721.3K | -$1.917M |
YoY Change | -77.72% | -71.19% | -796.07% |
Income Tax | $38.54K | $352.3K | $67.70K |
% Of Pretax Income | 14.24% | 48.85% | |
Net Earnings | $220.7K | $365.6K | -$1.984M |
YoY Change | -75.22% | -79.59% | 1411.18% |
Net Earnings / Revenue | 0.8% | 1.1% | -8.35% |
Basic Earnings Per Share | $0.02 | $0.03 | |
Diluted Earnings Per Share | $0.02 | $0.03 | -$0.15 |
COMMON SHARES | |||
Basic Shares Outstanding | 12.29M shares | 12.29M shares | 12.38M shares |
Diluted Shares Outstanding | 12.29M shares | 12.29M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2023 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $19.62M | $21.20M | $17.80M |
YoY Change | -20.34% | -7.88% | -30.67% |
Cash & Equivalents | $19.62M | $21.20M | $17.80M |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $5.227M | $5.580M | $4.481M |
YoY Change | -43.02% | 7.97% | -0.83% |
Inventory | $15.94M | $18.71M | $32.66M |
Prepaid Expenses | |||
Receivables | $8.473M | $5.202M | $2.241M |
Other Receivables | $152.2K | $0.00 | $104.3K |
Total Short-Term Assets | $49.41M | $50.69M | $57.28M |
YoY Change | -25.17% | -26.17% | -18.02% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $24.80M | $24.68M | $22.36M |
YoY Change | 16.81% | 18.58% | 104.48% |
Goodwill | $499.3K | $499.3K | $499.3K |
YoY Change | 0.0% | 0.0% | 0.0% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $2.545M | $2.510M | $2.605M |
YoY Change | 15.08% | 19.93% | 19.54% |
Total Long-Term Assets | $28.38M | $28.41M | $26.44M |
YoY Change | 13.06% | 14.97% | 71.23% |
TOTAL ASSETS | |||
Total Short-Term Assets | $49.41M | $50.69M | $57.28M |
Total Long-Term Assets | $28.38M | $28.41M | $26.44M |
Total Assets | $77.79M | $79.11M | $83.72M |
YoY Change | -14.64% | -15.28% | -1.87% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.402M | $4.252M | $5.783M |
YoY Change | -59.63% | -59.65% | 19.47% |
Accrued Expenses | $2.898M | $2.679M | $2.931M |
YoY Change | 1.69% | -29.4% | -5.95% |
Deferred Revenue | $928.4K | ||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $8.937M | $10.21M | $14.45M |
YoY Change | -52.79% | -51.69% | 2.2% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $613.9K | $660.0K | $1.039M |
YoY Change | -45.81% | -47.04% | -44.49% |
Total Long-Term Liabilities | $613.9K | $660.0K | $1.039M |
YoY Change | -45.81% | -47.04% | -44.49% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $8.937M | $10.21M | $14.45M |
Total Long-Term Liabilities | $613.9K | $660.0K | $1.039M |
Total Liabilities | $9.551M | $10.88M | $15.49M |
YoY Change | -52.4% | -51.42% | -3.26% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $45.41M | $45.80M | $46.17M |
YoY Change | |||
Common Stock | $12.53K | $12.53K | $12.53K |
YoY Change | 0.0% | 0.0% | 1.62% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.169M | $1.169M | $1.169M |
YoY Change | 51.45% | 113.44% | |
Treasury Stock Shares | |||
Shareholders Equity | $68.15M | $68.20M | $68.23M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $77.79M | $79.11M | $83.72M |
YoY Change | -14.64% | -15.28% | -1.87% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2023 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $220.7K | $365.6K | -$1.984M |
YoY Change | -75.22% | -79.59% | 1411.18% |
Depreciation, Depletion And Amortization | $657.5K | $615.5K | $676.7K |
YoY Change | 15.56% | 11.12% | 6.16% |
Cash From Operating Activities | -$313.0K | $8.160M | $948.7K |
YoY Change | -241.89% | -19.29% | -116.91% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $184.3K | $580.0K | -$7.165M |
YoY Change | -11.39% | -107.7% | 1023.02% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$619.7K | -$1.110M | -$9.568M |
YoY Change | -13.15% | -342.26% | 883.18% |
Cash From Investing Activities | -$804.0K | -$1.690M | -$2.403M |
YoY Change | -12.75% | -76.1% | 49.14% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -612.9K | -3.700M | -5.422M |
YoY Change | -124.97% | 208.76% | 776.73% |
NET CHANGE | |||
Cash From Operating Activities | -313.0K | 8.160M | 948.7K |
Cash From Investing Activities | -804.0K | -1.690M | -2.403M |
Cash From Financing Activities | -612.9K | -3.700M | -5.422M |
Net Change In Cash | -1.730M | 2.770M | -6.876M |
YoY Change | -198.66% | 50.38% | -12.29% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$313.0K | $8.160M | $948.7K |
Capital Expenditures | $184.3K | $580.0K | -$7.165M |
Free Cash Flow | -$497.4K | $7.580M | $8.114M |
YoY Change | -4041.05% | -57.03% | -263.17% |
Facts In Submission
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2023-09-30 | ||
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Jerash Holdings (US), Inc. | ||
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277 Fairfield Road | ||
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Suite 338 | ||
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1979815 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4918550 | usd | |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
359234 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
163595 | usd |
us-gaap |
Interest Expense
InterestExpense
|
748185 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
251437 | usd | |
CY2023Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
192523 | usd |
CY2022Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
57807 | usd |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
282750 | usd | |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
118049 | usd | |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-166711 | usd |
CY2022Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-105788 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-465435 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-133388 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
721284 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2503915 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1514380 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
4785162 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
352340 | usd |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
712163 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
650321 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1272028 | usd | |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
368944 | usd |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
1791752 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
864059 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
3513134 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3327 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1916 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
365617 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1791752 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
862143 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
3513134 | usd | |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
368944 | usd |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
1791752 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
864059 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
3513134 | usd | |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-59841 | usd |
CY2022Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-216210 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-154500 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-333870 | usd | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
309103 | usd |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
1575542 | usd |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
709559 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
3179264 | usd | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
3327 | usd |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1916 | usd | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
305776 | usd |
CY2022Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1575542 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
707643 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3179264 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.14 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.07 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.28 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12294840 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12498431 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12294840 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12416823 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
12294840 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
12498431 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
12294840 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
12485512 | shares | |
CY2023Q3 | us-gaap |
Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
|
0.05 | |
CY2022Q3 | 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 | ||
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
69304258 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
294822 | usd | |
us-gaap |
Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
|
-547713 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
3513134 | usd | |
us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
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 Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
70987199 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
68234234 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
484250 | usd | |
us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
31365 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
864059 | usd | |
us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
1229484 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-154500 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
68229924 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
70586086 | usd |
CY2022Q3 | us-gaap |
Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
|
-547713 | usd |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
1791752 | usd |
CY2022Q3 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
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 Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
70987199 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
68292115 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
243448 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
368944 | usd |
CY2023Q3 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
614742 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-59841 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
68229924 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
864059 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
3513134 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1224322 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1184940 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
484250 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
294822 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-66980 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
416090 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
548849 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2894162 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-7018987 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-87573 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-13942970 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
8171427 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-814878 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-336710 | usd | |
us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
1910244 | usd | |
us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
986600 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1530458 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5696686 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-251048 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
679586 | usd | |
jrsh |
Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
|
-265431 | usd | |
jrsh |
Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
|
-749837 | usd | |
jrsh |
Increase Decrease In Noncontrolling Interest
IncreaseDecreaseInNoncontrollingInterest
|
312 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-696006 | usd | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
465405 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-336984 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-455604 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-1704261 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
262106 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8178880 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
9637757 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
635878 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
379600 | usd | |
jrsh |
Payments For Construction Of Properties
PaymentsForConstructionOfProperties
|
2575669 | usd | |
jrsh |
Payments For Construction Of Properties
PaymentsForConstructionOfProperties
|
2641614 | usd | |
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
5100000 | usd | |
us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
2200000 | usd | |
us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
247610 | usd | |
us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
129650 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3459157 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-10450864 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1229484 | usd | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1243432 | usd | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
31365 | usd | |
us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
547713 | usd | |
us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
3118339 | usd | |
us-gaap |
Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
|
901055 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
300166 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
3118339 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
2007185 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1198119 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-985181 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-123491 | 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 |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3398113 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2132352 | 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 |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
22809716 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
24451136 | usd |
CY2023Q3 | jrsh |
Cash And Restricted Cash End Of Year
CashAndRestrictedCashEndOfYear
|
22809716 | usd |
CY2022Q3 | jrsh |
Cash And Restricted Cash End Of Year
CashAndRestrictedCashEndOfYear
|
24451136 | usd |
CY2023Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1608074 | usd |
CY2022Q3 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1437339 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21201642 | usd |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
23013797 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
748185 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
251437 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2371705 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1096934 | usd | |
jrsh |
Investment Of Noncontrolling Interest
InvestmentOfNoncontrollingInterest
|
358620 | usd | |
jrsh |
Investment Of Noncontrolling Interest
InvestmentOfNoncontrollingInterest
|
232877 | usd | |
jrsh |
Acquisition Of Kawkab Venus By Utilizing Longterm Deposit
AcquisitionOfKawkabVenusByUtilizingLongtermDeposit
|
500000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
177068 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
68932 | usd | |
CY2023Q1 | jrsh |
Declared Capital
DeclaredCapital
|
500000 | hkd |
CY2023Q1 | jrsh |
Declared Capital
DeclaredCapital
|
64000 | usd |
CY2023 | jrsh |
Inventories Held On Hand Unfulfilled Sales Orders Percentage
InventoriesHeldOnHandUnfulfilledSalesOrdersPercentage
|
0.066 | pure |
CY2023Q3 | us-gaap |
Minority Interest
MinorityInterest
|
33281 | 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; 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. Actual results could differ from these estimates.</p> | ||
CY2023Q3 | us-gaap |
Goodwill
Goodwill
|
499282 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
499282 | usd |
CY2023Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
232387 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
928393 | usd |
us-gaap |
Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
|
232387 | usd | |
CY2023Q3 | us-gaap |
Customer Advances Current
CustomerAdvancesCurrent
|
232387 | usd |
CY2023Q1 | us-gaap |
Customer Advances Current
CustomerAdvancesCurrent
|
928393 | usd |
us-gaap |
Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
|
232387 | usd | |
CY2023Q3 | us-gaap |
Other Expenses
OtherExpenses
|
656536 | usd |
CY2022Q3 | us-gaap |
Other Expenses
OtherExpenses
|
516614 | usd |
us-gaap |
Other Expenses
OtherExpenses
|
1099019 | usd | |
us-gaap |
Other Expenses
OtherExpenses
|
925803 | 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 18% or 20% plus a 1% social contribution starting from January 1, 2022 to December 31, 2022. Effective January 1, 2023, the income tax rate increased to 19% or 20%, plus a 1% social contribution. | ||
us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.16 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.50 | pure | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reclassification</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain prior period amounts have been reclassified to conform to the current period presentation. Such reclassifications had no effect on net income or cash flow as previously reported. </p> | ||
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 September 30, 2023 and March 31, 2023, respectively, $7,881,037 and $7,264,247 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, 2023 and March 31, 2023, $306,337 and $172,939 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 $68,548) per bank are covered by “deposit insurance regulation” promulgated by the State Council of the People’s Republic of China. As of September 30, 2023 and March 31, 2023, $14,334,696 and $11,700,512 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 creditworthiness. As of September 30, 2023 and March 31, 2023, $138,851 and $171,496 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; 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">Advance to suppliers are typically unsecured and derived from deposit placed to suppliers to secure the quantity of raw materials and garments for production. The Company is exposed to credit risk in that the supplier will not deliver the required quantity to the Company. The risk is mitigated by the Company’s assessment of its production requirement and its suppliers’ creditworthiness and its ongoing monitoring of outstanding balances.</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 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 months ended September 30, 2023, one customer account for 73% of the Company’s total revenue. For six months ended September 30, 2023, two customers accounted for 69% and 13% of the Company’s total revenue, respectively. 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. As of September 30, 2023, five customers accounted of 18%, 17%, 17%, 16%, and 14% of the Company’s total accounts receivable balance, respectively. As of March 31, 2023, four customers accounted for 50%, 13%, 10%, and 10% of the Company’s total accounts receivable balance, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the three months ended September 30, 2023, there was no major supplier. For the six months ended September 30, 2023, the Company purchased approximately 11% of its garments from one major supplier. For the three months ended September 30, 2022, the Company purchased approximately 23%, 20%, and 10% of its raw materials form three major suppliers, respectively. For the six months ended September 30, 2022, the Company purchased approximately 15% and 13%, of its raw material from two major suppliers, respectively. As of September 30, 2023, accounts payable to the Company’s two major suppliers accounted for 18% and 16% of the total accounts payable balance, respectively. As of March 31, 2023, accounts payable to the Company’s one major supplier accounted for 36% of the total accounts payable balance.</p> | ||
jrsh |
Inventory Based Orders Received Percentage
InventoryBasedOrdersReceivedPercentage
|
0.922 | pure | |
CY2023 | jrsh |
Inventory Based Orders Received Percentage
InventoryBasedOrdersReceivedPercentage
|
0.934 | pure |
jrsh |
Inventories Held On Hand Unfulfilled Sales Orders Percentage
InventoriesHeldOnHandUnfulfilledSalesOrdersPercentage
|
0.078 | pure | |
CY2023Q3 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
5356282 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
2462120 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
154603 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
221583 | usd |
CY2023Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
5201679 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
2240537 | usd |
CY2023Q3 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
7767360 | usd |
CY2023Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
15240198 | usd |
CY2023Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1946332 | usd |
CY2023Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2932519 | usd |
CY2023Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
9000171 | usd |
CY2023Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
14484116 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
18713863 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
32656833 | usd |
CY2023Q3 | jrsh |
Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
|
3443334 | usd |
CY2023Q1 | jrsh |
Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
|
1533091 | usd |
CY2023Q3 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
3443334 | usd |
CY2023Q1 | us-gaap |
Advances On Inventory Purchases
AdvancesOnInventoryPurchases
|
1533091 | usd |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
718418 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
974761 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
345171 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
481502 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
246341 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
287247 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
591512 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
768749 | usd |
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y8M12D | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y7M6D | |
CY2023Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.061 | pure |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.061 | pure |
CY2023Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
653933 | usd |
CY2022Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
626994 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1304707 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1266713 | usd | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
315977 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
285155 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
151180 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
5395 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
757707 | usd |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
39289 | usd |
CY2023Q3 | jrsh |
Lessee Operating Lease Liability Prepayments
LesseeOperatingLeaseLiabilityPrepayments
|
-126906 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
591512 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
31509710 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
29315676 | usd |
CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
15352326 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
14142469 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
24682883 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
22355574 | usd |
jrsh |
Estimated Construction Cost Description
EstimatedConstructionCostDescription
|
Through September 30, 2023, the Company had paid approximately JOD 874,000 (approximately $1,233,000). The project is completed and start to use in July 2023. | ||
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 |
CY2023Q3 | us-gaap |
Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
|
6000000 | jod |
CY2023Q3 | us-gaap |
Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
|
8500000 | usd |
CY2022Q3 | us-gaap |
Contributions In Aid Of Construction
ContributionsInAidOfConstruction
|
39600000 | hkd |
CY2022Q3 | us-gaap |
Contributions In Aid Of Construction
ContributionsInAidOfConstruction
|
5100000 | usd |
CY2023Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
615546 | usd |
CY2022Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
553941 | usd |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1224322 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1184940 | usd | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2023Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
12294840 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
12294840 | shares |
CY2023Q3 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
239478 | shares |
us-gaap |
Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
|
1169046 | usd | |
jrsh |
Statutory Reserve Percentage
StatutoryReservePercentage
|
0.10 | pure | |
jrsh |
Entitys Share Capital Percentage
EntitysShareCapitalPercentage
|
1 | pure | |
jrsh |
Aftertax Net Profits Percentage
AftertaxNetProfitsPercentage
|
0.10 | pure | |
jrsh |
Percentage Of Registered Capital Reserves
PercentageOfRegisteredCapitalReserves
|
0.50 | pure | |
CY2023Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
614742 | usd |
CY2023Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
614742 | usd |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.05 | |
CY2022Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.05 | |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.05 | |
CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
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 |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
|
137210 | shares | |
CY2018Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
1484250 | shares |
CY2023Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
1029150 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
986500 | shares | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
150000 | shares |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P5Y3M18D | ||
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
200000 | shares |
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 |
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
1331025 | usd | |
jrsh |
Sharebased Compensation Arrangement By Sharebased Payment Award Rs Us Remained
SharebasedCompensationArrangementBySharebasedPaymentAwardRSUsRemained
|
405100 | shares | |
CY2023Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
243448 | usd |
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
484250 | usd | |
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
294822 | usd | |
CY2022Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
300166 | usd |
CY2023Q3 | us-gaap |
Payments For Fees
PaymentsForFees
|
340699 | usd |
CY2022Q3 | us-gaap |
Payments For Fees
PaymentsForFees
|
163595 | usd |
us-gaap |
Payments For Fees
PaymentsForFees
|
696946 | usd | |
us-gaap |
Payments For Fees
PaymentsForFees
|
251437 | usd | |
CY2023Q2 | jrsh |
Document Received
DocumentReceived
|
10000000 | usd |
CY2023Q3 | us-gaap |
Minority Interest
MinorityInterest
|
33281 | usd |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
555100 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1193700 | shares | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
365617 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1791752 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
862143 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
3513134 | usd | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12294840 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12498431 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12294840 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
12416823 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
68689 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
12294840 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
12498431 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
12294840 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
12485512 | shares | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.14 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.07 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.28 | ||
CY2023Q3 | jrsh |
Total Revenue Percentage
TotalRevenuePercentage
|
0.897 | pure |
CY2022Q3 | jrsh |
Total Revenue Percentage
TotalRevenuePercentage
|
0.938 | pure |
jrsh |
Total Revenue Percentage
TotalRevenuePercentage
|
0.92 | pure | |
jrsh |
Total Revenue Percentage
TotalRevenuePercentage
|
0.936 | pure | |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
33357108 | usd |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
37825695 | usd |
us-gaap |
Revenues
Revenues
|
68092765 | usd | |
us-gaap |
Revenues
Revenues
|
71262256 | usd | |
CY2019Q3 | us-gaap |
Capital Units
CapitalUnits
|
3000000 | hkd |
CY2019Q3 | us-gaap |
Capital Units
CapitalUnits
|
385000 | usd |
CY2020Q4 | us-gaap |
Capital Units
CapitalUnits
|
15000000 | hkd |
CY2020Q4 | us-gaap |
Capital Units
CapitalUnits
|
1900000 | usd |
us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
15000000 | hkd | |
us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
1900000 | usd | |
us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
10000000 | hkd | |
us-gaap |
Partners Capital Account Contributions
PartnersCapitalAccountContributions
|
1300000 | usd | |
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 of 18% or 20% plus a 1% social contribution from January 1, 2022 to December 31, 2022. Effective from January 1, 2023, the income tax rate raised to 19% or 20% plus 1% social contribution. | ||
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.488 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.429 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure | |
CY2023Q3 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
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usd | |
CY2023Q1 | us-gaap |
Minority Interest
MinorityInterest
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usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
usd | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | ||
us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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usd | ||
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
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usd | ||
jrsh |
Increase Decrease In Noncontrolling Interest
IncreaseDecreaseInNoncontrollingInterest
|
usd | ||
us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
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usd | ||
us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
usd | ||
us-gaap |
Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
|
usd | ||
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | ||
jrsh |
Acquisition Of Kawkab Venus By Utilizing Longterm Deposit
AcquisitionOfKawkabVenusByUtilizingLongtermDeposit
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usd | ||
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
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usd | ||
us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
usd | ||
CY2023Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
usd | |
CY2023Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
usd | |
CY2023Q3 | jrsh |
Allowance For Doubtful Accounts Receivable From Suppliers
AllowanceForDoubtfulAccountsReceivableFromSuppliers
|
usd | |
CY2023Q1 | jrsh |
Allowance For Doubtful Accounts Receivable From Suppliers
AllowanceForDoubtfulAccountsReceivableFromSuppliers
|
usd | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
usd | |
CY2023Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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usd | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
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P1Y | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
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P2Y | |
CY2022Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
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usd | |
CY2023Q3 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
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usd | |
CY2023Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
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usd | |
CY2023Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
usd | |
CY2023Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
usd | |
CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares | |
CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
shares | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.07 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | ||
dei |
Amendment Flag
AmendmentFlag
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false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
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--03-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
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0001696558 |