The fundamental analysis of Khavar/Bahar “Iran Khodro Diesel” was not fruitful! – Tejarat News
According to Tejarat News, the analysis of the quarterly financial statement of Iran Khodro Diesel shows that Khavar could not continue its upward trend of profit making in the past three seasons this spring. As shown in the chart below, Eastern seasonal profit-making had entered an upward trend since last year, which completed the rally in the spring of 1402.
In this way, the gross profit of Iran Khodro Diesel Company this spring compared to the winter of 1401 experienced a sharp drop of 34% and reached 2,322 billion tomans from 3,531 billion tomans.
The operating profit of the company also decreased by more than 44 percent due to the sharp drop in other operating incomes of the company and reached 1,711 billion tomans from 3,57 billion tomans.
The net profit of Iran Khoro Diesel also decreased by more than 35% in the spring of 1402 and recorded 1,556 billion tomans.
The drop in the income of the East in the spring of 1402
The decrease in Khavar’s profitability was mainly due to a 19% decrease in the company’s income from sales. But why did East’s income decrease this spring?
A look at the production and sales report of Iran Khodro Diesel this spring shows that the company could not increase its production this spring, despite a 13% increase in heavy trucks and 28% in vans and pickups.
So that the total production amount of the company reached 4 thousand 364 units from 5 thousand 307 units in winter. This 18% decrease in the amount of Eastern production caused a 28% drop in the company’s sales. In the spring of 1402, Khavar managed to sell only 3,757 units of its products and earned 9,229 billion tomans from this. It should be noted that the seasonal income of Khavar in winter was 11,362 billion tomans.
On the side of costs, it should be said, naturally, with the reduction of production and sales, the costs will also decrease. Of course, in the meantime, the 19% drop in income in the finished price was not repeated and this parameter only decreased by 12%.
The same gap between the decrease in income and the total price caused the company’s gross profit margin to reach 25.17% this season from 31.08% in winter.
Cost of
A look at Khavar’s financial statements shows that direct consumables experienced a 27% increase and direct wages experienced a 15% growth. However, the inventory of manufactured goods at the end of the period, which has not been sold and the company intends to store it in some way, has reduced the cost price of the East.
It should be noted that the value of the products that Khavar kept in warehouse and did not sell is equivalent to four thousand and 90 billion Tomans. It should be mentioned that the balance at the end of the period of Khavar Company at the end of the fiscal year 1401 was only half of this amount. It should be seen that Havar was waiting for a price increase or has adopted another policy to not sell?
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