Income Statement CTK Co., Ltd

Equities

A260930

KR7260930003

Personal Products

End-of-day quote Korea S.E. Other stock markets 06/09/2024			5-day change	1st Jan Change
5,740.00 ^KRW	-0.17%		-4.81%	+0.17%

2022	An unknown buyer agreed to acquire unknown majority stake in CTK Investment Co., Ltd. from CTK Co., Ltd for KRW 20 billion.	CI
2020	Ctk Cosmetics Co., Ltd Introduces Powerfully Effective Clean Beauty Skincare Superstars At Cosmoprof Asia Digital Week	CI

4a6d7f202e7339f18ba39d825decf._Au_nDAC8v3t5wEnfBZ_h22hKQyVf7v9IWF4S7zlc-s.yU_KzVhmlau30ix2LUAdtyfNSG38MoKPRiYBDuyiNLy1YZLtRW6dt7ixdg

Published financial data: CTK CO., LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	116B	124B	115B	69.36B	88.92B
Other Revenues, Total	-	-10	-	-	-10
Total Revenues	116B	124B	115B	69.36B	88.92B
Cost of Goods Sold, Total	85.13B	83.31B	82.81B	47.63B	55.43B
Gross Profit	31.2B	40.89B	32.25B	21.73B	33.49B
Selling General & Admin Expenses, Total	22.25B	34.94B	40.98B	29.61B	26.34B
Provision for Bad Debts	541M	30.76M	-211M	1.71B	-493M
R&D Expenses	1.57B	418M	591M	746M	1.06B
Depreciation & Amortization - (IS)	2.09B	3.31B	3.57B	3.71B	3.4B
Amortization of Goodwill and Intangible Assets - (IS)	664M	905M	881M	1.02B	421M
Other Operating Expenses	317M	766M	723M	707M	429M
Other Operating Expenses, Total	27.44B	40.37B	46.53B	37.51B	31.17B
Operating Income	3.76B	521M	-14.28B	-15.77B	2.32B
Interest Expense, Total	-379M	-407M	-459M	-738M	-944M
Interest And Investment Income	1.68B	929M	356M	786M	2.47B
Net Interest Expenses	1.3B	522M	-102M	48.19M	1.52B
Income (Loss) On Equity Invest.	-156M	-585M	6.78B	-3.49B	2.69B
Currency Exchange Gains (Loss)	3B	-2.56B	4.74B	3.1B	576M
Other Non Operating Income (Expenses)	1.44B	190M	1.19B	733M	-642M
EBT, Excl. Unusual Items	9.34B	-1.91B	-1.67B	-15.39B	6.47B
Gain (Loss) On Sale Of Investments	737M	958M	-641M	-1.9B	-777M
Gain (Loss) On Sale Of Assets	-6.31M	-86.77M	-885M	-1.71B	52.85M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	440M
EBT, Incl. Unusual Items	10.07B	-1.04B	-3.2B	-18.99B	6.18B
Income Tax Expense	2.88B	960M	685M	-1.66B	-48.99M
Earnings From Continuing Operations	7.19B	-2B	-3.89B	-17.33B	6.23B
Earnings Of Discontinued Operations	-	-	-	-3.84B	-
Net Income to Company	7.19B	-2B	-3.89B	-21.17B	6.23B
Minority Interest	551M	1.55B	2.99B	3.52B	713M
Net Income - (IS)	7.74B	-450M	-895M	-17.65B	6.94B
Net Income to Common Incl Extra Items	7.74B	-450M	-895M	-17.65B	6.94B
Net Income to Common Excl. Extra Items	7.74B	-450M	-895M	-13.81B	6.94B
Per Share Items
Net EPS - Basic	398.59	-24.16	-48.55	-937.94	368.51
Basic EPS - Continuing Operations	398.59	-24.16	-48.55	-733.77	368.51
Basic Weighted Average Shares Outstanding	19.42M	18.65M	18.44M	18.82M	18.84M
Net EPS - Diluted	398.5	-24.16	-49	-937.94	368.51
Diluted EPS - Continuing Operations	398.5	-24.16	-49	-733.77	368.51
Diluted Weighted Average Shares Outstanding	19.42M	18.65M	18.44M	18.82M	18.84M
Normalized Basic EPS	329	19.09	105.43	-324.15	252.32
Normalized Diluted EPS	329	19.09	105.43	-324.15	252.32
Dividend Per Share	150	100	100	50	100
Payout Ratio	18.64	-472.09	-95.59	-10.44	6.92
Supplemental Items
EBITDA	7.14B	5.34B	-9.16B	-10.36B	6.85B
EBITA	4.42B	1.43B	-13.4B	-14.75B	2.74B
EBIT	3.76B	521M	-14.28B	-15.77B	2.32B
EBITDAR	7.66B	5.86B	-8.5B	-9.7B	7.59B
Effective Tax Rate - (Ratio)	28.62	-92.07	-21.42	8.77	-0.79
Normalized Net Income	6.39B	356M	1.94B	-6.1B	4.75B
Supplemental Operating Expense Items
Advertising Expense	757M	2.1B	1.87B	2.22B	1.05B
Marketing Expenses	-	1.89M	2.49M	21.82M	15.11M
Selling and Marketing Expenses	7.2B	16.6B	16.97B	9.44B	6.31B
General and Administrative Expenses	406M	997M	1.1B	1.27B	851M
Research And Development Expense From Footnotes	1.57B	418M	591M	746M	1.06B
Net Rental Expense, Total	521M	514M	659M	661M	743M
Imputed Operating Lease Interest Expense	-	158M	232M	367M	488M
Imputed Operating Lease Depreciation	-	356M	426M	295M	255M
Maintenance & Repair Expenses, Total	64.74M	240M	289M	136M	111M
Stock-Based Comp., SG&A Exp. (Total)	184M	85.52M	2.93B	890M	773M
Total Stock-Based Compensation	184M	85.52M	2.93B	890M	773M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	36.51B	32.29B	47.58B	35.78B	16.87B
Short Term Investments	8.4B	250M	6.19B	12.67B	12.25B
Trading Asset Securities, Total	33.37B	23.62B	6.55B	10.29B	32.05B
Total Cash And Short Term Investments	78.28B	56.16B	60.31B	58.74B	61.17B
Accounts Receivable, Total	21.47B	32.42B	13.8B	9.53B	13.02B
Other Receivables	1.39B	714M	558M	466M	767M
Notes Receivable	5.1B	1.24B	2.46B	2.24B	6B
Total Receivables	27.96B	34.37B	16.82B	12.23B	19.79B
Inventory	6.52B	17.79B	4.92B	5.45B	3.17B
Prepaid Expenses	1.21B	1.64B	1.12B	1.51B	1.57B
Other Current Assets, Total	1.51B	4.21B	2.19B	3.7B	1.66B
Total Current Assets	115B	114B	85.36B	81.62B	87.35B
Gross Property Plant And Equipment	48.21B	47.53B	44.79B	47.09B	47.32B
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	48.21B	47.53B	44.79B	47.09B	47.32B
Long-term Investments	33.07B	36.96B	68.91B	39.12B	43B
Goodwill	-	30.12M	25.08M	25.08M	25.08M
Other Intangibles, Total	3.32B	3.35B	3.53B	2.46B	1.21B
Accounts Receivable Long-Term	-	-	300	-50	-
Loans Receivable Long-Term	50M	9.28M	-	-	296M
Deferred Tax Assets Long-Term	2.12B	2.81B	5.33B	7.93B	8.35B
Other Long-Term Assets, Total	213M	363M	373M	450M	2.16B
Total Assets	202B	205B	208B	179B	190B
Liabilities
Accounts Payable, Total	9.07B	14.13B	8.45B	7.66B	8.02B
Accrued Expenses, Total	748M	906M	925M	811M	1.79B
Short-term Borrowings	3.43B	3.6B	3.74B	5.51B	8.29B
Current Portion of Leases	1.24B	1.5B	1.47B	1.83B	2.08B
Current Income Taxes Payable	1.69B	207M	1.87B	6.87M	722M
Other Current Liabilities	4.98B	8.74B	5.2B	7.12B	7.59B
Total Current Liabilities	21.15B	29.08B	21.66B	22.93B	28.5B
Long-Term Debt	74.76M	384M	1.25B	-	-
Long-Term Leases	5.92B	4.97B	3.89B	3.6B	1.67B
Pension & Other Post Retirement Benefits	306M	929M	454M	84.36M	15.14M
Deferred Tax Liability Non Current	10.75M	280M	878M	726M	768M
Other Non Current Liabilities	43.62M	212M	1.49B	347M	258M
Total Liabilities	27.5B	35.85B	29.63B	27.68B	31.22B
Common Stock, Total	5.06B	5.06B	9.67B	9.67B	9.67B
Additional Paid In Capital	119B	119B	115B	114B	114B
Retained Earnings	58.66B	55.97B	54.33B	35.24B	41.86B
Treasury Stock	-10.17B	-15.16B	-14.96B	-8.25B	-8.25B
Comprehensive Income and Other	-64.37M	-912M	3.23B	2.96B	1.55B
Total Common Equity	173B	164B	167B	154B	159B
Minority Interest	2.33B	5.26B	11.86B	-2.96B	-694M
Total Equity	175B	169B	179B	151B	158B
Total Liabilities And Equity	202B	205B	208B	179B	190B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.31M	18.42M	18.44M	18.84M	18.84M
ECS Total Common Shares Outstanding	19.31M	18.42M	18.44M	18.84M	18.84M
Book Value / Share	8.94K	8.91K	9.05K	8.17K	8.45K
Tangible Book Value	169B	161B	163B	151B	158B
Tangible Book Value Per Share	8.77K	8.73K	8.85K	8.04K	8.38K
Total Debt	10.66B	10.45B	10.36B	10.94B	12.04B
Net Debt	-67.62B	-45.71B	-49.96B	-47.81B	-49.13B
Debt Equivalent Oper. Leases	4.17B	4.11B	5.27B	5.29B	5.95B
Minority Interest, Total (Incl. Fin. Div)	2.33B	5.26B	11.86B	-2.96B	-694M
Equity Method Investments, Total	10.89B	10.72B	24.63B	17.44B	15.07B
Inventories - Raw Materials, Total	4.72B	5.38B	1.55B	2.17B	2.17B
Inventories - Work In Process, Total	-	-	-	-	24.3M
Inventories - Finished Goods, Total	1.8B	12.65B	5.72B	6.13B	1.9B
Inventories - Others	-370	470	70	280	220
Land - (BS)	18.16B	18.21B	18.21B	18.21B	18.23B
Buildings, Total	1.02B	16.27B	15.86B	15.44B	16.53B
Machinery, Total	5.64B	6.47B	5.59B	4.99B	4.75B
Accumulated Allowance for Doubtful Accounts (Supple)	1.19B	1.19B	870M	1.91B	796M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	7.74B	-450M	-895M	-17.65B	6.94B
Depreciation & Amortization - CF	2.72B	3.92B	4.25B	4.39B	4.11B
Amortization of Goodwill and Intangible Assets - (CF)	664M	905M	881M	1.02B	421M
Depreciation & Amortization, Total	3.38B	4.82B	5.13B	5.41B	4.53B
(Gain) Loss From Sale Of Asset	6.31M	86.77M	945M	825M	-2.74B
(Gain) Loss on Sale of Investments - (CF)	-689M	-1.74B	2.27B	1.65B	-251M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-954M	585M	-6.84B	4.16B	1.03B
Stock-Based Compensation (CF)	184M	85.52M	2.93B	890M	773M
Provision and Write-off of Bad Debts	347M	24.72M	-211M	1.16B	-913M
Other Operating Activities, Total	1.48B	390M	-3.05B	-7.88B	79.78M
Change In Accounts Receivable	22.04B	-11.96B	16.99B	3.11B	-3.19B
Change In Inventories	5.9B	-10.58B	10.42B	-530M	1.39B
Change In Accounts Payable	-9.29B	5.05B	-3.98B	-795M	491M
Change in Other Net Operating Assets	521M	-7.83B	-20.26B	834M	2.42B
Cash from Operations	30.67B	-21.52B	3.45B	-8.82B	10.56B
Capital Expenditure	-12.71B	-5.11B	-2.59B	-5.46B	-4.61B
Sale of Property, Plant, and Equipment	10.91M	2.12B	143M	78.54M	53.13M
Cash Acquisitions	255M	79.06M	1.43B	18.1B	-110M
Sale (Purchase) of Intangible assets	-2.16B	-1.07B	-964M	-1.2B	-764M
Investment in Marketable and Equity Securities, Total	-25.23B	25.4B	-753M	-16.76B	-24.17B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-2.9B	3.96B	255M	-1.09B	-357M
Other Investing Activities, Total	-13.84M	-2.04B	2.04B	583M	1.06B
Cash from Investing	-42.75B	23.35B	-432M	-5.74B	-28.91B
Short Term Debt Issued, Total	3.15B	381M	7.54B	8.86B	10.93B
Long-Term Debt Issued, Total	-	309M	1.77B	-	-
Total Debt Issued	3.15B	690M	9.31B	8.86B	10.93B
Short Term Debt Repaid, Total	-1.52B	-789M	-6.41B	-8.79B	-6.75B
Long-Term Debt Repaid, Total	-1.69B	-1.47B	-1.79B	-1.82B	-4.26B
Total Debt Repaid	-3.21B	-2.26B	-8.2B	-10.61B	-11.01B
Issuance of Common Stock	-	-	173M	3.09B	-
Repurchase of Common Stock	-2.25B	-4.99B	-	-	-
Issuance of Preferred Stock	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-1.44B	-2.13B	-856M	-1.84B	-481M
Common & Preferred Stock Dividends Paid	-1.44B	-2.13B	-856M	-1.84B	-481M
Other Financing Activities, Total	453M	3.87B	10.58B	1.71B	-39.77M
Cash from Financing	-3.3B	-4.82B	11.02B	1.2B	-603M
Foreign Exchange Rate Adjustments	-368M	-1.23B	1.25B	1.56B	41.68M
Net Change in Cash	-15.75B	-4.22B	15.28B	-11.79B	-18.91B
Supplemental Items
Cash Interest Paid	13.59M	344M	263M	466M	756M
Cash Income Tax Paid (Refund)	1.81B	3.25B	324M	3.67B	-1.06B
Levered Free Cash Flow	8.66B	-14.51B	20.74B	-9.37B	26.24M
Unlevered Free Cash Flow	8.89B	-14.25B	21.03B	-8.91B	616M
Change In Net Working Capital	-17.85B	13.31B	-25.44B	-1.3B	760M
Net Debt Issued / Repaid	-61.83M	-1.57B	1.12B	-1.75B	-82.68M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.19	0.16	-4.32	-5.09	0.79
Return on Total Capital	1.32	0.18	-4.84	-5.62	0.87
Return On Equity %	4.16	-1.16	-2.23	-10.51	4.03
Return on Common Equity	4.54	-0.27	-0.54	-8.61	4.43
Margin Analysis
Gross Profit Margin %	26.82	32.92	28.03	31.33	37.66
SG&A Margin	19.13	28.13	35.62	42.69	29.63
EBITDA Margin %	6.14	4.3	-7.96	-14.94	7.71
EBITA Margin %	3.8	1.15	-11.65	-21.27	3.08
EBIT Margin %	3.23	0.42	-12.42	-22.74	2.61
Income From Continuing Operations Margin %	6.18	-1.61	-3.38	-24.98	7.01
Net Income Margin %	6.65	-0.36	-0.78	-25.45	7.81
Net Avail. For Common Margin %	6.65	-0.36	-0.78	-19.91	7.81
Normalized Net Income Margin	5.49	0.29	1.69	-8.8	5.35
Levered Free Cash Flow Margin	7.44	-11.68	18.03	-13.51	0.03
Unlevered Free Cash Flow Margin	7.64	-11.48	18.28	-12.85	0.69
Asset Turnover
Asset Turnover	0.59	0.61	0.56	0.36	0.48
Fixed Assets Turnover	2.99	2.59	2.49	1.51	1.88
Receivables Turnover (Average Receivables)	3.6	4.61	4.98	5.95	7.89
Inventory Turnover (Average Inventory)	9.51	6.85	7.29	9.19	12.87
Short Term Liquidity
Current Ratio	5.46	3.93	3.94	3.56	3.06
Quick Ratio	4.78	3.07	3.45	3	2.63
Operating Cash Flow to Current Liabilities	1.45	-0.74	0.16	-0.38	0.37
Days Sales Outstanding (Average Receivables)