Gold Circuit Electronics Ltd. (TPE: 2368)

Gold Circuit Electronics Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	37,634	30,044	32,785	26,607	23,398	18,991
Revenue Growth (YoY)	25.50%	-8.36%	23.22%	13.72%	23.21%	-7.80%
Cost of Revenue	26,423	22,320	24,057	20,236	18,108	16,500
Gross Profit	11,211	7,724	8,728	6,371	5,291	2,491
Selling, General & Admin	2,198	1,866	1,948	1,673	1,575	1,285
Research & Development	948.77	802.58	718.23	623.22	533.48	471
Other Operating Expenses	-32.28	-36.85	-13.92	2.82	44.38	76.18
Operating Expenses	3,082	2,588	2,691	2,249	2,217	1,832
Operating Income	8,129	5,136	6,037	4,123	3,074	658.3
Interest Expense	-154.7	-117.98	-90.32	-67.46	-167.97	-262.9
Interest & Investment Income	232.58	196.47	62.83	16.39	21.36	49.64
Currency Exchange Gain (Loss)	109.9	109.9	761.55	-161.36	-330.51	-123
Other Non Operating Income (Expenses)	-168.22	-97.44	-346.11	181.73	166.71	86.84
EBT Excluding Unusual Items	8,148	5,227	6,425	4,092	2,764	408.88
Gain (Loss) on Sale of Investments	-	-	-	-	0.04	-
Gain (Loss) on Sale of Assets	-28.72	-28.72	-34.63	-44.2	-68.27	-51.35
Asset Writedown	19.6	19.6	-1.7	0.9	2.6	-98.44
Other Unusual Items	-	-	-	-	-	11.11
Pretax Income	8,139	5,218	6,388	4,049	2,698	270.2
Income Tax Expense	2,689	1,689	1,820	1,122	631.27	140.47
Net Income	5,450	3,529	4,568	2,927	2,067	129.73
Net Income to Common	5,450	3,529	4,568	2,927	2,067	129.73
Net Income Growth	62.34%	-22.75%	56.07%	41.63%	1493.06%	-43.32%
Shares Outstanding (Basic)	487	487	516	487	487	487
Shares Outstanding (Diluted)	497	490	520	490	490	487
Shares Change (YoY)	1.46%	-5.80%	6.19%	0.04%	0.61%	0.05%
EPS (Basic)	11.19	7.25	8.86	6.01	4.25	0.27
EPS (Diluted)	10.97	7.22	8.78	5.98	4.22	0.27
EPS Growth	60.29%	-17.82%	46.88%	41.58%	1484.03%	-43.35%
Free Cash Flow	1,322	3,694	3,084	1,564	2,300	976.49
Free Cash Flow Per Share	2.66	7.54	5.93	3.19	4.70	2.01
Dividend Per Share	-	3.500	3.500	2.444	1.667	-
Dividend Growth	-	0%	43.18%	46.66%	-	-
Gross Margin	29.79%	25.71%	26.62%	23.94%	22.61%	13.11%
Operating Margin	21.60%	17.10%	18.41%	15.49%	13.14%	3.47%
Profit Margin	14.48%	11.74%	13.93%	11.00%	8.83%	0.68%
Free Cash Flow Margin	3.51%	12.30%	9.41%	5.88%	9.83%	5.14%
EBITDA	9,138	6,056	6,872	4,852	3,761	1,486
EBITDA Margin	24.28%	20.16%	20.96%	18.23%	16.07%	7.83%
D&A For EBITDA	1,010	919.87	834.8	729.01	686.86	828.06
EBIT	8,129	5,136	6,037	4,123	3,074	658.3
EBIT Margin	21.60%	17.10%	18.41%	15.49%	13.14%	3.47%
Effective Tax Rate	33.04%	32.38%	28.50%	27.71%	23.40%	51.99%

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