GOLFZON Co., Ltd. (KOSDAQ: 215000)

GOLFZON Income Statement

Financials in millions KRW. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	679,295	685,111	617,514	440,308	298,524	247,018
Other Revenue	0	-	-	-	-0	-
Revenue	679,295	685,111	617,514	440,308	298,524	247,018
Revenue Growth (YoY)	1.99%	10.95%	40.25%	47.50%	20.85%	24.31%
Cost of Revenue	321,448	316,625	257,308	156,393	112,835	94,769
Gross Profit	357,846	368,486	360,206	283,915	185,689	152,249
Selling, General & Admin	208,461	205,416	169,615	138,757	102,285	101,002
Other Operating Expenses	2,771	2,454	2,539	2,291	1,796	2,144
Operating Expenses	258,275	253,937	211,526	176,260	134,081	119,771
Operating Income	99,572	114,549	148,679	107,656	51,608	32,478
Interest Expense	-3,088	-2,722	-1,880	-1,493	-1,513	-1,004
Interest & Investment Income	3,926	1,983	1,854	1,615	1,288	1,925
Earnings From Equity Investments	-19.44	-2.4	6.82	21.77	65.26	-82.57
Currency Exchange Gain (Loss)	2,012	-267.26	-756.75	393.58	-555.5	-13.76
Other Non Operating Income (Expenses)	-5,502	-878.27	-482.04	-5,387	717.62	-3,208
EBT Excluding Unusual Items	96,900	112,662	147,422	102,806	51,610	30,096
Gain (Loss) on Sale of Investments	1,740	6,357	-834.32	-	-	-
Gain (Loss) on Sale of Assets	-358.88	-102.62	2,675	1,320	-1,051	-245.5
Asset Writedown	-6,235	-12,356	-1,129	-362.2	-1,853	-
Pretax Income	92,046	106,560	148,133	103,764	48,706	29,850
Income Tax Expense	28,954	32,938	36,575	27,321	11,209	13,636
Earnings From Continuing Operations	63,092	73,622	111,558	76,442	37,497	16,214
Net Income to Company	63,092	73,622	111,558	76,442	37,497	16,214
Minority Interest in Earnings	6,067	5,891	2,172	-128.19	769.61	-
Net Income	69,159	79,512	113,729	76,314	38,267	16,214
Net Income to Common	69,159	79,512	113,729	76,314	38,267	16,214
Net Income Growth	-21.49%	-30.09%	49.03%	99.43%	136.01%	-20.60%
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	-0.76%	-1.70%	-0.19%	0.28%	-	-
EPS (Basic)	11275.85	12972.86	18292.53	12166.54	6100.78	2584.93
EPS (Diluted)	11246.31	12884.00	18114.00	12132.00	6100.78	2584.93
EPS Growth	-20.89%	-28.87%	49.31%	98.86%	136.01%	-20.60%
Free Cash Flow	-4,891	-25,385	103,876	123,527	72,117	3,840
Free Cash Flow Per Share	-795.38	-4113.28	16544.90	19637.60	11497.41	612.17
Dividend Per Share	4500.000	4500.000	4500.000	3500.000	2500.000	2050.000
Dividend Growth	0%	0%	28.57%	40.00%	21.95%	10.81%
Gross Margin	52.68%	53.78%	58.33%	64.48%	62.20%	61.63%
Operating Margin	14.66%	16.72%	24.08%	24.45%	17.29%	13.15%
Profit Margin	10.18%	11.61%	18.42%	17.33%	12.82%	6.56%
Free Cash Flow Margin	-0.72%	-3.71%	16.82%	28.05%	24.16%	1.55%
EBITDA	148,960	162,865	190,651	144,793	84,611	52,433
EBITDA Margin	21.93%	23.77%	30.87%	32.88%	28.34%	21.23%
D&A For EBITDA	49,388	48,316	41,972	37,138	33,003	19,955
EBIT	99,572	114,549	148,679	107,656	51,608	32,478
EBIT Margin	14.66%	16.72%	24.08%	24.45%	17.29%	13.15%
Effective Tax Rate	31.46%	30.91%	24.69%	26.33%	23.01%	45.68%
Advertising Expenses	-	31,288	21,844	15,523	14,791	19,183

Source: S&P Capital IQ. Standard template. Financial Sources.