Raytech Holding Ltd - Understand $ray stock

$RAY Market Cap: $24.66 Million

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Financial Snapshot

Revenue

$164.0M

TTM

Gross Margin

24.81%

TTM

Net Earnings

$24.59M

TTM

Current Assets

$6.752M

Q1 2024

Current Liabilities

$3.455M

Q1 2024

Current Ratio

195.45%

Q1 2024

Total Assets

$7.426M

Q1 2024

Total Liabilities

$3.455M

Q1 2024

Book Value

$3.971M

Q1 2024

Cash

35.89M hkds

Q1 2024

P/E

1.003

Nov 29, 2024 EST

Free Cash Flow

$3.689M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021
Revenue	$8.558M	$45.52M	$45.11M	$31.86M
YoY Change	-81.2%	0.91%	41.58%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021
Revenue	$8.558M	$45.52M	$45.11M	$31.86M
Cost Of Revenue	$52.07M	$34.05M	$33.00M	$23.95M
Gross Profit	$14.90M	$11.47M	$12.10M	$7.905M
Gross Profit Margin	174.17%	25.2%	26.84%	24.81%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021
Selling, General & Admin	$453.0K	$4.278M	$1.380M	$1.185M
YoY Change	-89.41%	209.98%	16.42%
% of Gross Profit	3.04%	37.29%	11.4%	14.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.870K	$13.92K	$20.43K	$12.18K
YoY Change	-65.01%	-31.86%	67.73%
% of Gross Profit	0.03%	0.12%	0.17%	0.15%
Operating Expenses	$7.106M	$4.278M	$1.380M	$1.185M
YoY Change	66.12%	209.98%	16.42%
Operating Profit	$1.452M	$7.194M	$10.72M	$6.720M
YoY Change	-79.82%	-32.92%	59.6%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021
Interest Expense	$1.393M	$279.7K	-$900.00	$2.650K
YoY Change	398.29%	-31172.22%	-133.96%
% of Operating Profit	96.0%	3.89%	-0.01%	0.04%
Other Income/Expense, Net	$178.2K	$0.00	$456.8K	$0.00
YoY Change		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021
Pretax Income	$1.630M	$7.474M	$11.18M	$6.722M
YoY Change	-78.19%	-33.15%	66.32%
Income Tax	$360.0K	$1.181M	$1.740M	$1.098M
% Of Pretax Income	22.09%	15.8%	15.56%	16.34%
Net Earnings	$1.270M	$6.293M	$9.440M	$5.624M
YoY Change	-79.82%	-33.34%	67.86%
Net Earnings / Revenue	14.84%	13.82%	20.93%	17.65%
Basic Earnings Per Share	$0.08	$0.39	$0.59
Diluted Earnings Per Share	$0.62	$0.36	$0.54	$0.32

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021
Cash & Short-Term Investments	$35.89M	$21.36M	$12.29M	$3.416M
YoY Change	67.98%	73.81%	259.84%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$5.000K	$95.00K	$90.00K	$0.00
YoY Change	-94.74%	5.56%
Inventory	$1.856M		$0.00	$1.948M
Prepaid Expenses
Receivables	$14.56M	$6.787M	$5.828M	$1.767M
Other Receivables	$540.2K	$1.506M	$2.437M	$4.653M
Total Short-Term Assets	$52.84M	$29.75M	$20.65M	$11.78M
YoY Change	77.62%	44.11%	75.22%
Property, Plant & Equipment	$0.00	$90.35K	$206.8K	$27.53K
YoY Change	-100.0%	-56.32%	651.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$5.269M	$3.211M	$29.00K	$11.80K
YoY Change	64.09%	10972.66%	145.76%
Total Long-Term Assets	$5.269M	$3.301M	$235.8K	$39.32K
YoY Change	59.6%	1299.86%	499.8%
Total Assets	$58.11M	$33.05M	$20.88M	$11.82M
YoY Change
Accounts Payable	$25.01M	$9.504M	$4.868M	$3.703M
YoY Change	163.16%	95.24%	31.47%
Accrued Expenses	$1.019M	$704.1K	$150.9K	$50.00K
YoY Change	44.68%	366.72%	201.7%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$27.04M	$11.91M	$5.947M	$4.859M
YoY Change	126.94%	100.32%	22.4%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities		$0.00	$87.97K	$0.00
YoY Change		-100.0%
Total Long-Term Liabilities	$0.00	$0.00	$87.97K	$0.00
YoY Change		-100.0%
Total Liabilities	$27.04M	$11.91M	$6.035M	$4.859M
YoY Change	126.94%	97.4%	24.21%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022
Basic Shares Outstanding	16.00M shares	16.00M shares	16.00M shares
Diluted Shares Outstanding	16.00M shares	16.00M shares	16.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $24.658 Million

About Raytech Holding Ltd

Raytech Holding Ltd is a HK-based company operating in Distributors industry. The company employs 6 full-time employees The company went IPO on 2024-05-15. Raytech Holding Ltd is a holding company principally engaged in the sourcing and wholesaling of personal care electrical appliance products. The firm also provide product design and development collaboration services for its customers.

Industry: Household Appliances Peers: J-Long Group Ltd