Financial Snapshot

Revenue
$443.8M
TTM
Gross Margin
39.16%
TTM
Net Earnings
$23.31M
TTM
Current Assets
$129.2M
Q2 2024
Current Liabilities
$85.04M
Q2 2024
Current Ratio
151.98%
Q2 2024
Total Assets
$139.3M
Q2 2024
Total Liabilities
$85.38M
Q2 2024
Book Value
$53.88M
Q2 2024
Cash
$53.46M
Q2 2024
P/E
9.479
Nov 29, 2024 EST
Free Cash Flow
$16.23M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $150.2M $142.1M $141.5M $132.8M $115.4M
YoY Change 5.69% 0.44% 6.56% 15.03%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $150.2M $142.1M $141.5M $132.8M $115.4M
Cost Of Revenue $91.25M $87.11M $92.72M $84.36M $68.38M
Gross Profit $58.97M $55.02M $48.78M $48.43M $47.06M
Gross Profit Margin 39.26% 38.71% 34.48% 36.47% 40.77%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $39.61M $36.91M $40.24M $39.43M $33.62M
YoY Change 7.31% -8.27% 2.05% 17.27%
% of Gross Profit 67.17% 67.08% 82.48% 81.42% 71.44%
Research & Development $6.636M $6.780M $5.419M $4.892M $3.458M
YoY Change -2.12% 25.12% 10.77% 41.47%
% of Gross Profit 11.25% 12.32% 11.11% 10.1% 7.35%
Depreciation & Amortization $1.285M $1.206M $1.296M $1.031M $972.0K
YoY Change 6.55% -6.94% 25.7% 6.07%
% of Gross Profit 2.18% 2.19% 2.66% 2.13% 2.07%
Operating Expenses $46.24M $43.69M $45.66M $44.32M $37.08M
YoY Change 5.84% -4.31% 3.01% 19.53%
Operating Profit $12.73M $11.33M $3.127M $4.104M $9.981M
YoY Change 12.31% 262.39% -23.81% -58.88%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $540.0K -$6.144M -$375.0K -$1.095M -$2.317M
YoY Change -108.79% 1538.4% -65.75% -52.74%
% of Operating Profit 4.24% -54.22% -11.99% -26.68% -23.21%
Other Income/Expense, Net -$4.113M $2.192M $2.176M $1.599M $2.333M
YoY Change -287.64% 0.74% 36.09% -31.46%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $8.614M $7.380M $4.928M $4.608M $9.997M
YoY Change 16.72% 49.76% 6.94% -53.91%
Income Tax $840.0K $139.0K $7.000K $374.0K $684.0K
% Of Pretax Income 9.75% 1.88% 0.14% 8.12% 6.84%
Net Earnings $7.774M $7.241M $4.921M $4.234M $9.313M
YoY Change 7.36% 47.14% 16.23% -54.54%
Net Earnings / Revenue 5.18% 5.09% 3.48% 3.19% 8.07%
Basic Earnings Per Share $0.18 $0.17 $0.12
Diluted Earnings Per Share $0.18 $0.13 $0.09 $0.08 $0.17

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $45.13M $36.76M $29.97M $27.97M $30.72M
YoY Change 22.78% 22.65% 7.14% -8.95%
Cash & Equivalents $45.13M $36.76M $29.97M $27.97M $30.72M
Short-Term Investments
Other Short-Term Assets $20.72M $17.41M $12.34M $13.14M $5.824M
YoY Change 19.04% 41.03% -6.05% 125.57%
Inventory $17.45M $21.13M $24.38M $29.20M $19.89M
Prepaid Expenses
Receivables $31.85M $25.21M $27.03M $24.36M $19.26M
Other Receivables $3.447M $5.000M $3.245M $2.620M $2.897M
Total Short-Term Assets $118.6M $105.5M $96.97M $97.29M $78.59M
YoY Change 12.41% 8.8% -0.33% 23.79%
Property, Plant & Equipment $10.38M $11.98M $13.79M $10.61M $10.95M
YoY Change -13.32% -13.11% 29.94% -3.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.295M $1.142M $944.0K $1.561M $1.565M
YoY Change 13.4% 20.97% -39.53% -0.26%
Total Long-Term Assets $11.68M $13.12M $14.73M $15.09M $15.34M
YoY Change -11.0% -10.93% -2.38% -1.64%
Total Assets $130.3M $118.6M $111.7M $112.4M $93.93M
YoY Change
Accounts Payable $22.51M $29.71M $33.38M $42.95M $26.55M
YoY Change -24.23% -10.99% -22.28% 61.76%
Accrued Expenses $15.04M $13.33M $12.83M $7.900M $7.005M
YoY Change 12.85% 3.85% 62.46% 12.78%
Deferred Revenue
YoY Change
Short-Term Debt $39.50M $31.02M $29.07M $29.13M $31.69M
YoY Change 27.33% 6.72% -0.2% -8.08%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.37M $77.67M $78.53M $82.15M $67.87M
YoY Change 6.06% -1.11% -4.4% 21.03%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $683.0K $1.789M $2.706M $3.507M $4.464M
YoY Change -61.82% -33.89% -22.84% -21.44%
Total Long-Term Liabilities $683.0K $1.789M $2.706M $3.507M $4.464M
YoY Change -61.82% -33.89% -22.84% -21.44%
Total Liabilities $83.05M $79.45M $81.24M $85.97M $72.55M
YoY Change 4.53% -2.2% -5.5% 18.49%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 42.11M shares 42.11M shares 42.11M shares
Diluted Shares Outstanding 42.11M shares 42.11M shares 42.11M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $220.91 Million

About Planet Image International Ltd

Planet Image International Ltd. is a holding company, which engages in the manufacture and sale of compatible toner cartridges. The company is headquartered in Xinyu, Jiangxi and currently employs 1,248 full-time employees. The company went IPO on 2024-01-25. The Company, trough the operating subsidiaries, develops and manufactures toner cartridges that are compatible with and can be used in a wide range of commonly available models of laser printers. The firm also sell branded products through online sales channels under three brands, TrueImage, CoolToner, and Aztech. The firm distributes products both in the domestic market and to overseas markets.

Industry: Printing Trades Machinery & Equipment Peers: Sparx Holdings Group, Inc.