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Sales Analysis GTEC
In the year ending in Sep 30,23, Greenland Acquisition Corp sales have been falling for the past 5 years and were down 4.13% from $22.78 million last year to $21.84 million this year. We predict Greenland Acquisition Corp sales to go down 8.1% to around $20.07 million during the next 12 months. The share price of Greenland Acquisition Corp has a positive sensitivity to increases to sales with forecast sales alone decreasing the share price by 0.34%.
Greenland Acquisition Corp currently has 325 employees and with sales of $21.84 million this equates to sales of $67.19 thousand per employee.
Profitability
For Sep 30,23 Cost of goods sold for this year was $15.57 million, down 8.0% from $16.92 million last year. It has fallen each year for the past 3 years, down 9.02% from $17.11 million in 2 years ago. This cost represented 71.29% of overall sales down from 74.29% last year and is expected to rise to 72.91% next year. We predict Cost of goods sold to move down 6.0% to around $14.63 million during the next 12 months.
Selling General and Administrative expenses in this year, were down 20.79% from $2.03 million last year to $1610.1 thousand and we expect SGA to move up 14.7% to around $1846.51 thousand during the next 12 months.
This meant gross income was $6.27 million making a gross profit margin of 28.71% of sales, which we expect to be 29.7% next year. The share price of Greenland Acquisition Corp has a positive sensitivity to increases to gross profit margin.
With 325 employees, the gross income is $19.29 thousand per employee.
Earnings
EBIT was 5.25% of sales and was up big% from $0.0 last year to $1146.96 thousand this year and we expect EBIT to be $4.81 million next year.
Pre-tax income was 4.92% of sales and turned positive and sharply increased by -103.53% from last year's -$30.38 million to $1073.8 thousand this year and we expect it to be $4.02 million next year. Greenland Acquisition Corp paid $878.92 thousand tax. Its effective tax rate was 81.85% from -0.0% last year and estimated as 193.84% next year.
Including discontinued income, after tax income was -4.06% of sales and for this fiscal year was up -95.29% from the previous year, totaling -$887.42 thousand and we expect it to be -$253.3 thousand next year. Return on Equity was -inf,, unchange for the past 3 years and we expect it to be -253.3 thousand next year.