Revenue Analysis
ATR’s Total Revenue and Operating Revenue have shown fluctuations, moving from $860,067,000 in March 2023 to $915,448,000 by March 2024. The Operating Revenue has paralleled Total Revenue, indicating that the primary revenue is from operational activities. Gross Profit similarly ranged from $302,645,000 (March 2023) to $332,692,000 (March 2024), suggesting an improvement in efficiency or pricing power.
Cost Management
Cost of Revenue and Operating Expense have been significant, with the Cost of Revenue escalating from $557,422,000 in March 2023 to $582,756,000 by March 2024 while Operating Expenses varied slightly from $207,182,000 to $217,129,000 across the same periods. Total Expenses have risen from $764,604,000 to $799,885,000, indicating rising operational costs.
Profitability Analysis
EBITDA and Operating Income demonstrated growth, with EBITDA mounting from $142,756,000 (March 2023) to $178,842,000 (March 2024) and Operating Income from $95,463,000 to $115,563,000. Pretax Income and Net Income also followed this growth trend. This indicates improving profitability amidst increased sales.
Cash Flow Indicators
Reconciled Depreciation steadily increased, observed at $59,259,000 in March 2023, growing up to $64,349,000 by March 2024, reflecting ongoing investment in assets or depreciation of existing assets. Interest Expense had a slight decline from $10,228,000 to $10,175,000, pointing to effective debt management.
Taxation
Tax Provision rose from $18,683,000 in March 2023 to $21,385,000 by March 2024. A noticeable variance in Tax Effect Of Unusual Items, largely negative, indicates significant tax impact due to non-regular activities. The Tax Rate has varied but tended towards stabilization around 0.22 to 0.25.
Shareholder Metrics
Diluted EPS has shown an increase from 0.82 to 1.23, and Basic EPS from 0.84 to 1.26 during the observed period, suggesting increased profitability per share. Average Diluted and Basic Shares remained nearly constant, ensuring that per-share metrics were minimally diluted.
Conclusion
ATR has shown a solid growth in revenue and profitability over the analyzed years. Improvements in revenue and profitability metrics suggest effective management and operational efficiency. They should continue to manage costs, given the increased expenditure, and consider potential areas for more efficient tax handling and strategic financial planning to leverage their solid market standing for future growth.