SAMICK MUSICAL INSTRUMENT Co., Ltd (KRX: 002450)

SAMICK MUSICAL INSTRUMENT 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	229,602	247,929	325,700	295,428	247,858	265,392
Other Revenue	-	-	-0	-0	-0	-0
Revenue	229,602	247,929	325,700	295,428	247,858	265,392
Revenue Growth (YoY)	-21.79%	-23.88%	10.25%	19.19%	-6.61%	10.56%
Cost of Revenue	171,649	191,490	260,374	214,547	181,300	186,641
Gross Profit	57,953	56,439	65,325	80,881	66,558	78,751
Selling, General & Admin	46,644	46,578	49,023	42,943	41,129	47,107
Operating Expenses	49,945	49,824	54,178	47,786	46,392	51,166
Operating Income	8,008	6,615	11,147	33,095	20,166	27,585
Interest Expense	-6,729	-6,858	-6,429	-7,307	-11,076	-11,809
Interest & Investment Income	2,488	2,069	1,258	646.06	416.95	344.91
Earnings From Equity Investments	799.21	799.21	-111.49	-	56.26	554.89
Currency Exchange Gain (Loss)	2,016	693.67	-10.33	1,214	-634.24	955.59
Other Non Operating Income (Expenses)	1,422	1,142	2,668	-9,871	856.3	-2,391
EBT Excluding Unusual Items	8,003	4,461	8,523	17,777	9,785	15,240
Gain (Loss) on Sale of Investments	2,472	2,962	-	48,053	3,140	2,221
Gain (Loss) on Sale of Assets	792.41	7.25	19,097	142.74	1,955	2,899
Asset Writedown	-547.99	-237.05	-4,093	-25,297	-687.02	-7,092
Pretax Income	10,720	7,193	23,526	40,676	14,194	13,268
Income Tax Expense	3,748	3,804	8,459	16,912	4,232	178.95
Earnings From Continuing Operations	6,972	3,389	15,068	23,764	9,961	13,089
Net Income to Company	6,972	3,389	15,068	23,764	9,961	13,089
Minority Interest in Earnings	68.02	32.93	34.28	820.12	74.52	560.06
Net Income	7,040	3,422	15,102	24,584	10,036	13,649
Net Income to Common	7,040	3,422	15,102	24,584	10,036	13,649
Net Income Growth	-	-77.34%	-38.57%	144.96%	-26.47%	-1.25%
Shares Outstanding (Basic)	79	81	81	84	84	84
Shares Outstanding (Diluted)	79	81	81	84	84	84
Shares Change (YoY)	-2.69%	-0.16%	-2.82%	-0.01%	-	-2.12%
EPS (Basic)	88.76	42.23	186.08	294.35	120.15	163.40
EPS (Diluted)	88.52	42.00	186.00	294.00	120.00	163.00
EPS Growth	-	-77.42%	-36.73%	145.00%	-26.38%	0.74%
Free Cash Flow	31,615	16,904	12,052	11,131	30,326	-6,933
Free Cash Flow Per Share	398.58	208.61	148.49	133.27	363.05	-83.00
Dividend Per Share	50.000	50.000	-	-	-	-
Gross Margin	25.24%	22.76%	20.06%	27.38%	26.85%	29.67%
Operating Margin	3.49%	2.67%	3.42%	11.20%	8.14%	10.39%
Profit Margin	3.07%	1.38%	4.64%	8.32%	4.05%	5.14%
Free Cash Flow Margin	13.77%	6.82%	3.70%	3.77%	12.24%	-2.61%
EBITDA	23,181	19,784	24,624	46,245	33,549	39,890
EBITDA Margin	10.10%	7.98%	7.56%	15.65%	13.54%	15.03%
D&A For EBITDA	15,174	13,168	13,476	13,150	13,383	12,305
EBIT	8,008	6,615	11,147	33,095	20,166	27,585
EBIT Margin	3.49%	2.67%	3.42%	11.20%	8.14%	10.39%
Effective Tax Rate	34.96%	52.89%	35.95%	41.58%	29.82%	1.35%
Advertising Expenses	-	2,566	1,524	1,731	1,231	1,320

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