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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	35,423	30,044	32,785	26,607	23,398	18,991
Revenue Growth (YoY)	16.72%	-8.36%	23.22%	13.72%	23.21%	-7.80%
Cost of Revenue	25,172	22,320	24,057	20,236	18,108	16,500
Gross Profit	10,251	7,724	8,728	6,371	5,291	2,491
Selling, General & Admin	2,088	1,866	1,948	1,673	1,575	1,285
Research & Development	916.89	802.58	718.23	623.22	533.48	471
Other Operating Expenses	13.67	-36.85	-13.92	2.82	44.38	76.18
Operating Expenses	2,970	2,588	2,691	2,249	2,217	1,832
Operating Income	7,281	5,136	6,037	4,123	3,074	658.3
Interest Expense	-139.74	-117.98	-90.32	-67.46	-167.97	-262.9
Interest & Investment Income	210.33	196.47	62.83	16.39	21.36	49.64
Currency Exchange Gain (Loss)	170.97	109.9	761.55	-161.36	-330.51	-123
Other Non Operating Income (Expenses)	-10.02	-97.44	-346.11	181.73	166.71	86.84
EBT Excluding Unusual Items	7,512	5,227	6,425	4,092	2,764	408.88
Gain (Loss) on Sale of Investments	-	-	-	-	0.04	-
Gain (Loss) on Sale of Assets	-35.52	-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	7,496	5,218	6,388	4,049	2,698	270.2
Income Tax Expense	2,477	1,689	1,820	1,122	631.27	140.47
Net Income	5,019	3,529	4,568	2,927	2,067	129.73
Net Income to Common	5,019	3,529	4,568	2,927	2,067	129.73
Net Income Growth	41.62%	-22.75%	56.07%	41.63%	1493.06%	-43.32%
Shares Outstanding (Basic)	487	487	516	487	487	487
Shares Outstanding (Diluted)	499	490	520	490	490	487
Shares Change (YoY)	-4.07%	-5.80%	6.19%	0.04%	0.61%	0.05%
EPS (Basic)	10.31	7.25	8.86	6.01	4.25	0.27
EPS (Diluted)	10.18	7.22	8.78	5.98	4.22	0.27
EPS Growth	49.46%	-17.82%	46.88%	41.58%	1484.03%	-43.35%
Free Cash Flow	1,824	3,694	3,084	1,564	2,300	976.49
Free Cash Flow Per Share	3.66	7.54	5.93	3.19	4.70	2.01
Dividend Per Share	3.500	3.500	3.500	2.444	1.667	-
Dividend Growth	0%	0%	43.18%	46.66%	-	-
Gross Margin	28.94%	25.71%	26.62%	23.94%	22.61%	13.11%
Operating Margin	20.55%	17.10%	18.41%	15.49%	13.14%	3.47%
Profit Margin	14.17%	11.74%	13.93%	11.00%	8.83%	0.68%
Free Cash Flow Margin	5.15%	12.30%	9.41%	5.88%	9.83%	5.14%
EBITDA	8,250	6,056	6,872	4,852	3,761	1,486
EBITDA Margin	23.29%	20.16%	20.96%	18.23%	16.07%	7.83%
D&A For EBITDA	969.58	919.87	834.8	729.01	686.86	828.06
EBIT	7,281	5,136	6,037	4,123	3,074	658.3
EBIT Margin	20.55%	17.10%	18.41%	15.49%	13.14%	3.47%
Effective Tax Rate	33.05%	32.38%	28.50%	27.71%	23.40%	51.99%

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