Packerman’s fundamental analysis/ Barez Industrial Group’s weak performance in August 1402 – Tejaratnews
According to Tejarat News, a look at the performance report of Barez Industrial Group in August indicates that the company’s production in this month experienced a 22% decrease compared to July and reached 4,991,000 kilograms.
Also, compared to the production of five thousand and 952 tons in August of last year, the amount of packer production has dropped by about 16%. It should be mentioned that Bias tube and tire have registered the biggest decrease in production circulation among the products of this company, with a decrease of 50 and 46 percent.
The decrease in the company’s production in August caused Packerman to face problems in selling its products. So that the company’s sales this month reached 5 million 549 thousand kilograms from 7 million 163 thousand kilograms in July with a decrease of 23%. Also, the amount of sales in August of Barez Industrial Group has decreased by 24% compared to the sales of 7.272 thousand tons in August 1401.
It should be noted that the largest decrease in the company’s sales is related to radial tires. Since this product has a higher price among the company’s products, it has had a great impact on the reduction of Packerman’s income in June.
Packerman’s monthly income
A review of Packerman’s performance report indicates that the company’s monthly income has reached 633 billion tomans in August. This number has decreased by about 17% compared to the company’s 767 billion tomans income in Tir. However, the monthly income of Barez Industrial Group has increased by 12% compared to the same period last year, which does not change the company’s poor performance in August.
Because this income growth compared to last year is only due to the increase in the sales rates of our packers this year and does not give an acceptable grade to the company’s operations.
Selling price of products
Reviewing the monthly performance report of Barez Industrial Group shows that even the increase in the price of the company’s products could not stop the decrease in Packerman’s income. It should be noted that the sales rate of the company’s products increased by 6% on average in August compared to last month.
So that the price of radial tire increased by 8.3%, bias tire by 2.3%, tube by 2.9% and strip by 7.7% in August. Also, the price of this company’s products has increased by 63% compared to August last year.
Finally, it should be said that the production and sales of our packers are dire and their quantity is decreasing every month. The only factor that has prevented the company’s revenue from falling is the growth of sales rates, and if this issue is proven one day, we will not see good reports from our packer.
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