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Sales Analysis STKS
In the year ending in Dec 31,23, One Group Hospitality Inc sales were sharply up 17.0% from $76.88 million last year to $89.94 million. We predict One Group Hospitality Inc sales to go down 2.6% to around $87.6 million during the next 12 months. The share price of One Group Hospitality Inc has little sensitivity to increases to sales with forecast sales alone decreasing the share price by 0.03%.
One Group Hospitality Inc currently has 5,000 employees and with sales of $89.94 million this equates to sales of $17.99 thousand per employee.
Profitability
For Dec 31,23 Cost of goods sold was sharply up 13.7% to $73.46 million from $64.6 million last year. This cost represented 81.68% of overall sales down from 84.03% last year and is expected to fall to 78.47% next year. We predict Cost of goods sold to move down 6.4% to around $68.74 million during the next 12 months.
Selling General and Administrative expenses for this year were $7.95 million, up 9.18% from $7.28 million last year and we expect SGA to move up 1.2% to around $8.05 million during the next 12 months.
This meant gross income was $16.48 million making a gross profit margin of 18.32% of sales, which we expect to be 19.37% next year. The share price of One Group Hospitality Inc has little sensitivity to increases to gross profit margin.
With 5,000 employees, the gross income is $3.29 thousand per employee.
Earnings
EBIT was 8.88% of sales and turned positive and sharply increased by big negative% from last year's -$1955.0 thousand to $7.99 million this year and we expect EBIT to be $4.76 million next year.
Pre-tax income was 3.34% of sales and turned positive and are up -182.72% from last year, totaling $3.0 million and we expect it to be $1514.68 thousand next year. One Group Hospitality Inc paid -$1533.0 thousand tax. Its effective tax rate was -51.08% from 10.34% last year and estimated as -7.99% next year.
Including discontinued income, after tax income was 5.16% of sales and turned positive and for this year was $4.64 million, up -249.84% from -$3.1 million last year and we expect it to be $2.13 million next year. Return on Equity turned positive and rose from -inf, last year to inf, and we expect it to be 2.13 million next year.