FGI: Fgi Industries Ltd Financial Statements
Balance sheet, income statement, and cash flow statements for Fgi Industries Ltd (FGI).
$7.41M Market Cap.
FGI Market Cap. (MRY)
FGI Shares Outstanding (MRY)
FGI Assets (MRY)
Total Assets
$75.46M
Total Liabilities
$53.90M
Total Investments
$0
FGI Income (MRY)
Revenue
$131.82M
Net Income
-$1.20M
Operating Expense
$37.53M
FGI Cash Flow (MRY)
CF Operations
-$7.43M
CF Investing
-$2.88M
CF Financing
$7.54M
FGI Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $75,461,415 (14.78%) | $65,744,930 (8.91%) | $60,366,930 (-12.70%) | $69,150,860 (53.17%) |
Assets Current | $52,897,962 (14.71%) | $46,114,670 (0.49%) | $45,887,608 (-18.30%) | $56,164,952 (66.52%) |
Assets Non-Current | $22,563,453 (14.94%) | $19,630,260 (35.57%) | $14,479,322 (11.50%) | $12,985,908 (13.72%) |
Goodwill & Intangible Assets | $1,849,951 (1709.65%) | $102,227 (0%) | $0 (0%) | $42,683 (-66.67%) |
Shareholders Equity | $22,252,878 (-7.97%) | $24,180,812 (6.32%) | $22,744,410 (201.26%) | $7,549,710 (392.90%) |
Property Plant & Equipment Net | $16,458,087 (-3.83%) | $17,114,067 (54.38%) | $11,085,543 (30.79%) | $8,475,624 (-14.01%) |
Cash & Equivalents | $4,558,160 (-41.39%) | $7,777,241 (-22.75%) | $10,067,428 (159.21%) | $3,883,896 (-3.35%) |
Accumulated Other Comprehensive Income | -$2,239,560 (-101.49%) | -$1,111,499 (20.40%) | -$1,396,319 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $13,957,867 (40.65%) | $9,923,852 (-25.34%) | $13,292,591 (-37.49%) | $21,263,961 (155.94%) |
Trade & Non-Trade Receivables | $20,293,555 (25.30%) | $16,195,543 (13.29%) | $14,295,859 (-45.75%) | $26,350,650 (51.98%) |
Trade & Non-Trade Payables | $20,244,190 (32.66%) | $15,259,915 (2.94%) | $14,823,411 (-53.69%) | $32,009,851 (64.07%) |
Accumulated Retained Earnings (Deficit) | $3,212,435 (-27.21%) | $4,413,524 (19.94%) | $3,679,920 (0%) | $0 |
Tax Assets | $2,665,585 (128.06%) | $1,168,833 (-7.64%) | $1,265,539 (-14.41%) | $1,478,589 (17.03%) |
Tax Liabilities | $23,189 (-87.74%) | $189,119 (467.07%) | $33,350 (-97.27%) | $1,220,939 (110.49%) |
Total Debt | $27,723,262 (24.71%) | $22,229,625 (15.87%) | $19,185,400 (-16.07%) | $22,857,922 (11.41%) |
Debt Current | $16,370,323 (91.35%) | $8,555,173 (-24.54%) | $11,338,083 (-29.02%) | $15,973,128 (29.65%) |
Debt Non-Current | $11,352,939 (-16.98%) | $13,674,452 (74.26%) | $7,847,317 (13.98%) | $6,884,794 (-16.00%) |
Total Liabilities | $53,895,765 (29.19%) | $41,718,158 (10.89%) | $37,622,520 (-38.93%) | $61,601,150 (41.24%) |
Liabilities Current | $42,542,826 (51.70%) | $28,043,706 (-5.82%) | $29,775,203 (-45.58%) | $54,716,356 (54.48%) |
Liabilities Non-Current | $11,352,939 (-16.98%) | $13,674,452 (74.26%) | $7,847,317 (13.98%) | $6,884,794 (-16.00%) |
FGI Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $131,818,073 (12.43%) | $117,241,604 (-27.50%) | $161,718,543 (-11.12%) | $181,943,027 (34.94%) |
Cost of Revenue | $96,390,733 (13.18%) | $85,164,322 (-34.59%) | $130,209,538 (-13.04%) | $149,740,619 (40.70%) |
Selling General & Administrative Expense | $35,827,548 (26.17%) | $28,395,995 (11.96%) | $25,363,051 (6.43%) | $23,831,609 (11.84%) |
Research & Development Expense | $1,699,383 (23.43%) | $1,376,844 (30.63%) | $1,053,976 (63.14%) | $646,069 (-20.66%) |
Operating Expenses | $37,526,931 (26.04%) | $29,772,839 (12.70%) | $26,417,027 (7.92%) | $24,477,678 (10.65%) |
Interest Expense | $1,246,742 (66.29%) | $749,729 (24.79%) | $600,798 (46.11%) | $411,185 (-1.83%) |
Income Tax Expense | -$547,821 (-167.78%) | $808,224 (-6.09%) | $860,630 (-10.50%) | $961,634 (24.17%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$1,734,277 (-399.24%) | $579,564 (-84.25%) | $3,679,920 (-53.45%) | $7,905,916 (67.12%) |
Net Income to Non-Controlling Interests | -$533,188 (-246.14%) | -$154,040 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$1,201,089 (-263.72%) | $733,604 (-80.06%) | $3,679,920 (-53.45%) | $7,905,916 (67.12%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$1,201,089 (-263.72%) | $733,604 (-80.06%) | $3,679,920 (-53.45%) | $7,905,916 (67.12%) |
Weighted Average Shares | $9,565,167 (0.42%) | $9,525,434 (2.03%) | $9,335,616 (33.37%) | $7,000,000 (0.00%) |
Weighted Average Shares Diluted | $9,565,167 (-2.61%) | $9,821,112 (5.13%) | $9,341,921 (33.46%) | $7,000,000 (0.00%) |
Earning Before Interest & Taxes (EBIT) | -$502,168 (-121.91%) | $2,291,557 (-55.43%) | $5,141,348 (-44.59%) | $9,278,735 (56.63%) |
Gross Profit | $35,427,340 (10.44%) | $32,077,282 (1.80%) | $31,509,005 (-2.15%) | $32,202,408 (13.37%) |
Operating Income | -$2,099,591 (-191.11%) | $2,304,443 (-54.74%) | $5,091,978 (-34.08%) | $7,724,730 (22.96%) |
FGI Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$2,875,816 (-62.87%) | -$1,765,738 (-65.98%) | -$1,063,823 (-1950.15%) | -$51,890 (15.67%) |
Net Cash Flow from Financing | $7,543,192 (365.99%) | -$2,835,876 (-140.45%) | $7,010,567 (111.36%) | $3,316,826 (178.04%) |
Net Cash Flow from Operations | -$7,425,317 (-435.56%) | $2,212,823 (125.74%) | $980,265 (130.47%) | -$3,217,321 (-155.62%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$3,219,081 (-40.56%) | -$2,290,187 (-137.04%) | $6,183,532 (4691.89%) | -$134,662 (-108.41%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$2,206,052 (-162.50%) | -$840,387 (21.00%) | -$1,063,823 (-1950.15%) | -$51,890 (15.67%) |
Issuance (Repayment) of Debt Securities | $7,543,192 (365.99%) | -$2,835,876 (41.68%) | -$4,862,228 (-192.37%) | $5,263,799 (83.59%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $12,370,800 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$461,140 (-567.67%) | $98,604 (113.26%) | -$743,477 (-307.88%) | -$182,277 (-241.57%) |
Share Based Compensation | $401,216 (-4.01%) | $417,978 (8.97%) | $383,572 (0%) | $0 (0%) |
Depreciation Amortization & Accretion | $3,176,443 (57.44%) | $2,017,502 (822.66%) | $218,662 (-23.83%) | $287,078 (-18.55%) |
FGI Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 26.90% (-1.82%) | 27.40% (40.51%) | 19.50% (10.17%) | 17.70% (-16.11%) |
Profit Margin | -0.90% (-250.00%) | 0.60% (-73.91%) | 2.30% (-46.51%) | 4.30% (22.86%) |
EBITDA Margin | 2.00% (-45.95%) | 3.70% (12.12%) | 3.30% (-37.74%) | 5.30% (12.77%) |
Return on Average Equity (ROAE) | -5.20% (-267.74%) | 3.10% (-81.66%) | 16.90% (-90.29%) | 174.10% (-5.17%) |
Return on Average Assets (ROAA) | -1.60% (-233.33%) | 1.20% (-78.18%) | 5.50% (-60.14%) | 13.80% (23.21%) |
Return on Sales (ROS) | -0.40% (-120.00%) | 2.00% (-37.50%) | 3.20% (-37.25%) | 5.10% (15.91%) |
Return on Invested Capital (ROIC) | -0.90% (-120.93%) | 4.30% (-62.93%) | 11.60% (-62.82%) | 31.20% (35.06%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% | - |
Price to Earnings Ratio (P/E) | -5.96 (-129.08%) | 20.5 (271.85%) | 5.51 | - |
Price to Sales Ratio (P/S) | 0.06 (-57.89%) | 0.13 (7.26%) | 0.12 | - |
Price to Book Ratio (P/B) | 0.33 (-48.29%) | 0.64 (-28.29%) | 0.9 | - |
Debt to Equity Ratio (D/E) | 2.42 (40.41%) | 1.73 (4.29%) | 1.65 (-79.73%) | 8.16 (-71.35%) |
Earnings Per Share (EPS) | -0.13 (-262.50%) | 0.08 (-79.49%) | 0.39 (-65.49%) | 1.13 (66.18%) |
Sales Per Share (SPS) | 13.78 (11.97%) | 12.31 (-28.95%) | 17.32 (-33.35%) | 25.99 (34.95%) |
Free Cash Flow Per Share (FCFPS) | -1.01 (-799.31%) | 0.14 (1700.00%) | -0.01 (98.07%) | -0.47 (-157.09%) |
Book Value Per Share (BVPS) | 2.33 (-8.39%) | 2.54 (4.23%) | 2.44 (125.76%) | 1.08 (392.69%) |
Tangible Assets Book Value Per Share (TABVPS) | 7.7 (11.68%) | 6.89 (6.57%) | 6.47 (-34.51%) | 9.87 (53.52%) |
Enterprise Value Over EBIT (EV/EBIT) | -61 (-506.67%) | 15 (114.29%) | 7 | - |
Enterprise Value Over EBITDA (EV/EBITDA) | 11.48 (47.38%) | 7.79 (12.27%) | 6.94 | - |
Asset Turnover | 1.78 (-3.09%) | 1.84 (-23.63%) | 2.41 (-24.25%) | 3.18 (-0.03%) |
Current Ratio | 1.24 (-24.39%) | 1.64 (6.68%) | 1.54 (50.19%) | 1.03 (7.77%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$9,631,369 (-801.77%) | $1,372,436 (1742.50%) | -$83,558 (97.44%) | -$3,269,211 (-157.12%) |
Enterprise Value (EV) | $30,696,625 (-8.53%) | $33,560,021 (-9.74%) | $37,181,787 | - |
Earnings Before Tax (EBT) | -$1,748,910 (-213.43%) | $1,541,828 (-66.04%) | $4,540,550 (-48.80%) | $8,867,550 (61.08%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $2,674,275 (-37.94%) | $4,309,059 (-19.61%) | $5,360,010 (-43.97%) | $9,565,813 (52.41%) |
Invested Capital | $54,233,740 (4.19%) | $52,051,381 (31.08%) | $39,709,699 (19.01%) | $33,365,847 (27.85%) |
Working Capital | $10,355,136 (-42.70%) | $18,070,964 (12.16%) | $16,112,405 (1012.28%) | $1,448,596 (185.65%) |
Tangible Asset Value | $73,611,464 (12.14%) | $65,642,703 (8.74%) | $60,366,930 (-12.65%) | $69,108,177 (53.51%) |
Market Capitalization | $7,412,043 (-52.43%) | $15,580,000 (-23.72%) | $20,425,000 | - |
Average Equity | $22,959,209 (-2.06%) | $23,442,387 (7.82%) | $21,741,204 (378.81%) | $4,540,703 (76.27%) |
Average Assets | $73,866,621 (16.03%) | $63,663,701 (-5.03%) | $67,034,601 (17.30%) | $57,149,160 (35.00%) |
Invested Capital Average | $55,331,569 (4.42%) | $52,987,000 (19.91%) | $44,188,074 (48.62%) | $29,731,960 (16.07%) |
Shares | 9,563,914 (0.67%) | 9,500,000 (0.00%) | 9,500,000 (0.00%) | 9,500,000 (0.00%) |
