Southern Steel Bhd
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I'm going to help you getting a better view of Southern Steel Bhd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Southern Steel Bhd (30 sec.)

1. Valuation of Southern Steel Bhd (5 min.)

Current price per share

RM0.48

Book Value per Share

RM0.86

2. Growth of Southern Steel Bhd (5 min.)

Is Southern Steel Bhd growing?

	Current year	Previous year	Grow	Grow %
How rich?	$112m	$167.7m	-$46.8m	-38.7%

How much money is Southern Steel Bhd making?

	Current year	Previous year	Grow	Grow %
Making money	-$15.7m	$5.1m	-$20.8m	?
Net Profit Margin	-12.5%	4.8%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Southern Steel Bhd (5 min.)

4. Comparing to competitors in the Steel industry (5 min.)

Industry Rankings (Steel)

Fundamentals of Southern Steel Bhd

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

1.1. Profitability of Southern Steel Bhd.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Southern Steel Bhd earns for each RM1 of revenue.

Above 10% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
A Net Profit Margin of 0.3% means that RM0.00 for each RM1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Southern Steel Bhd:

The MRQ is 0.3%. The company is not making a profit/loss.
The TTM is -12.5%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	0.3%	TTM	-12.5%	+12.7%
TTM	-12.5%	YOY	4.8%	-17.3%
TTM	-12.5%	5Y	-7.9%	-4.6%
5Y	-7.9%	10Y	-7.2%	-0.6%

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.3%	3.4%	-3.1%
TTM	-12.5%	3.9%	-16.4%
YOY	4.8%	6.2%	-1.4%
5Y	-7.9%	3.4%	-11.3%
10Y	-7.2%	2.8%	-10.0%

Measures how much net profit Southern Steel Bhd earns for each RM1 of revenue.

Revenue is the amount of profit Southern Steel Bhd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you RM3. The company does not earn RM3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is RM1.5.

The RM3 you pay for a cup of coffee is called revenue.
The RM1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Southern Steel Bhd earns for each RM1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
Can be used to compare companies within the Steel industry.

You typically want a high profit margin. This means that for each RM1 in sales, Southern Steel Bhd makes more profit. This shows the investor how efficiently Southern Steel Bhd is operating in general and compared to other companies in the same industry. Southern Steel Bhd operates in the Steel industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Southern Steel Bhd. If profit margins remain low (compared to the Steel industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Southern Steel Bhd is 0.00. This means that Southern Steel Bhd earned RM0.00 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Steel industry is 3.4%.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Southern Steel Bhd with other companies in the same industry (Steel).
Net profit margin should rise over the years.
Can be influenced when Southern Steel Bhd sells assets (profit will increase while costs remain the same).
It won’t show what part of Southern Steel Bhd is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Southern Steel Bhd

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Southern Steel Bhd = 1,661
Total revenue MRQ Southern Steel Bhd = 652,061
RM1,661 / RM652,061 = 0.00 or 0.3%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Southern Steel Bhd is using its assets to generate profit.

Above 5% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
0.1% Return on Assets means that Southern Steel Bhd generated RM0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Southern Steel Bhd:

The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
The TTM is -3.8%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	-3.8%	+3.9%
TTM	-3.8%	YOY	1.0%	-4.8%
TTM	-3.8%	5Y	-2.1%	-1.7%
5Y	-2.1%	10Y	-1.9%	-0.2%

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.1%	1.3%	-1.2%
TTM	-3.8%	1.5%	-5.3%
YOY	1.0%	2.4%	-1.4%
5Y	-2.1%	1.4%	-3.5%
10Y	-1.9%	1.0%	-2.9%

Shows how efficient Southern Steel Bhd is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Southern Steel Bhd is using its resources to generate profit. If the return on assets (0.1%) from Southern Steel Bhd are higher than the Steel mean (1.3%) that means Southern Steel Bhd is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Southern Steel Bhd is 0.1%. This means the company generated RM0.00 for each RM1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Steel industry is 1.3%.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Southern Steel Bhd

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Southern Steel Bhd = 1,661
Total assets MRQ (balance sheet) from Southern Steel Bhd = 1,847,593
1,661 / 1,847,593 = 0.00 or 0.1%

ROA is an important ratio as it will tell you how effectively Southern Steel Bhd is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Southern Steel Bhd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
0.3% Return on Equity means Southern Steel Bhd generated RM0.00 for each RM1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Southern Steel Bhd:

The MRQ is 0.3%. Using its investors money, the company is inefficient in making profit. -1
The TTM is -12.3%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	0.3%	TTM	-12.3%	+12.6%
TTM	-12.3%	YOY	3.1%	-15.4%
TTM	-12.3%	5Y	-8.0%	-4.3%
5Y	-8.0%	10Y	-6.5%	-1.5%

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.3%	2.5%	-2.2%
TTM	-12.3%	3.2%	-15.5%
YOY	3.1%	5.4%	-2.3%
5Y	-8.0%	2.8%	-10.8%
10Y	-6.5%	1.9%	-8.4%

Shows how efficient Southern Steel Bhd is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Steel industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Southern Steel Bhd is 0.3%. This means Southern Steel Bhd generated RM0.00 for each RM1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Steel industry is 2.5%.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if Southern Steel Bhd existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Southern Steel Bhd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Southern Steel Bhd = 1,661
Shareholders equity (balance sheet) MRQ Southern Steel Bhd = 506,294
1,661 / 506,294 = 0.00 or 0.3%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Southern Steel Bhd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Southern Steel Bhd is operating .

Measures how much profit Southern Steel Bhd makes for each RM1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
An Operating Margin of 0.0% means the company generated RM0.00 for each RM1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Southern Steel Bhd:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	4.2%	-4.2%
5Y	4.2%	10Y	2.8%	+1.4%

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	-	8.0%	-8.0%
TTM	-	4.7%	-4.7%
YOY	-	8.8%	-8.8%
5Y	4.2%	5.0%	-0.8%
10Y	2.8%	3.8%	-1.0%

Measures how efficient Southern Steel Bhd is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Southern Steel Bhd is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Southern Steel Bhd is 0.0%. This means that Southern Steel Bhd earned RM0.00 for each RM1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Steel industry is 8.0%.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Southern Steel Bhd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Southern Steel Bhd = 11,748
Total revenue MRQ Southern Steel Bhd = 652,061
RM11,748 / RM652,061 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Southern Steel Bhd is keeping operating costs low.

Below 1 is considered healthy (always compare to Steel industry mean).
An Operation Ratio of 1.94 means that the operating costs are RM1.94 for each RM1 in net sales.

Let's take a look of the Operating Ratio trends of Southern Steel Bhd:

The MRQ is 1.938. The company is inefficient in keeping operating costs low. -1
The TTM is 2.036. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.938	TTM	2.036	-0.098
TTM	2.036	YOY	1.821	+0.215
TTM	2.036	5Y	1.803	+0.233
5Y	1.803	10Y	1.842	-0.038

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	1.938	1.708	+0.230
TTM	2.036	1.697	+0.339
YOY	1.821	1.636	+0.185
5Y	1.803	1.637	+0.166
10Y	1.842	1.366	+0.476

Measures how efficient Southern Steel Bhd is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Southern Steel Bhd is 193.8%. This means that Southern Steel Bhd earned RM1.94 for each RM1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Steel industry is 1.71.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Southern Steel Bhd

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(623,138 +640,313) \ 652,061 = 1.94

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Southern Steel Bhd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Southern Steel Bhd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Steel industry mean).
A Current Ratio of 0.75 means the company has RM0.75 in assets for each RM1 in short-term debts.

Let's take a look of the Current Ratio trends of Southern Steel Bhd:

The MRQ is 0.751. The company is just not able to pay all its short-term debts. -1
The TTM is 0.851. The company is just not able to pay all its short-term debts. -1

Trends

Current period		Compared to		+/-
MRQ	0.751	TTM	0.851	-0.100
TTM	0.851	YOY	1.029	-0.178
TTM	0.851	5Y	0.916	-0.065
5Y	0.916	10Y	0.895	+0.021

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.751	1.662	-0.911
TTM	0.851	1.642	-0.791
YOY	1.029	1.575	-0.546
5Y	0.916	1.574	-0.658
10Y	0.895	1.413	-0.518

Measures if Southern Steel Bhd is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Steel industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Southern Steel Bhd if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Southern Steel Bhd is 0.75. This means Southern Steel Bhd has RM0.75 in assets for each RM1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Steel industry is 1.66.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Southern Steel Bhd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
929,536 \ 1,237,775) = 0.75

The current ratio measures if Southern Steel Bhd is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Southern Steel Bhd is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Southern Steel Bhd does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Southern Steel Bhd is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Southern Steel Bhd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
A Quick Ratio of 0.14 means the company can pay off RM0.14 for each RM1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Southern Steel Bhd:

The MRQ is 0.140. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.197. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.140	TTM	0.197	-0.057
TTM	0.197	YOY	0.217	-0.021
TTM	0.197	5Y	0.299	-0.103
5Y	0.299	10Y	0.278	+0.021

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.140	0.533	-0.393
TTM	0.197	0.593	-0.396
YOY	0.217	0.700	-0.483
5Y	0.299	0.640	-0.341
10Y	0.278	0.601	-0.323

Measures if Southern Steel Bhd is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Southern Steel Bhd can pay off its short term debts. This shows if Southern Steel Bhd can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Southern Steel Bhd is 0.14. This means that Southern Steel Bhd can pay off RM0.14 for each RM1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Steel industry is 0.53.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Southern Steel Bhd

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Southern Steel Bhd: ( + +173,254) / 1,237,775 = 0.14

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Southern Steel Bhd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Southern Steel Bhd assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Southern Steel Bhd to Steel industry mean.
A Debt to Asset Ratio of 0.72 means that Southern Steel Bhd assets are financed with 72.3% credit (debt) and the remaining percentage (100% - 72.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Southern Steel Bhd:

The MRQ is 0.723. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.702. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.723	TTM	0.702	+0.021
TTM	0.702	YOY	0.668	+0.034
TTM	0.702	5Y	0.693	+0.009
5Y	0.693	10Y	0.684	+0.008

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	0.723	0.470	+0.253
TTM	0.702	0.480	+0.222
YOY	0.668	0.482	+0.186
5Y	0.693	0.500	+0.193
10Y	0.684	0.520	+0.164

Measures how much % of Southern Steel Bhd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Southern Steel Bhd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Southern Steel Bhd to Steel industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Southern Steel Bhd is 0.72. This means means that Southern Steel Bhd is financed with 72.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Steel industry is 166.2%.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Southern Steel Bhd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Southern Steel Bhd

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
1,335,107 \ 1,847,593 = 72.3% or 0.72.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Southern Steel Bhd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Southern Steel Bhd to the Steel industry mean.
A Debt to Equity ratio of 263.7% means that company has RM2.64 debt for each RM1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Southern Steel Bhd:

The MRQ is 2.637. The company is unable to pay all its debts with equity. -1
The TTM is 2.373. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.637	TTM	2.373	+0.264
TTM	2.373	YOY	2.016	+0.357
TTM	2.373	5Y	2.336	+0.036
5Y	2.336	10Y	1.891	+0.445

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	2.637	0.882	+1.755
TTM	2.373	0.927	+1.446
YOY	2.016	0.929	+1.087
5Y	2.336	1.035	+1.301
10Y	1.891	1.193	+0.698

Measures if Southern Steel Bhd is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Southern Steel Bhd is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Southern Steel Bhd is 2.64. This means that Southern Steel Bhd can pay off RM2.64 for each RM1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Steel industry is 0.88.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Southern Steel Bhd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,335,107 \ 506,294 = 2.64 or 263.7%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Southern Steel Bhd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every RM1 in earnings Southern Steel Bhd generates.

Above 15 is considered overpriced but always compare Southern Steel Bhd to the Steel industry mean.
A PE ratio of 188.48 means the investor is paying RM188.48 for every RM1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Southern Steel Bhd:

The EOD is 172.324. Seems overpriced? -1
The MRQ is 188.480. Seems overpriced? -1
The TTM is 43.561. Good. +1

Trends

Current period		Compared to		+/-
EOD	172.324	MRQ	188.480	-16.155
MRQ	188.480	TTM	43.561	+144.918
TTM	43.561	YOY	50.179	-6.618
TTM	43.561	5Y	21.848	+21.714
5Y	21.848	10Y	-13.023	+34.871

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
EOD	172.324	11.965	+160.359
MRQ	188.480	11.285	+177.195
TTM	43.561	11.285	+32.276
YOY	50.179	14.358	+35.821
5Y	21.848	16.215	+5.633
10Y	-13.023	23.941	-36.964

Measures how much money you pay for each share for every RM1 in earnings Southern Steel Bhd generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Southern Steel Bhd to the Steel industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Southern Steel Bhd is 188.48. This means the investor is paying RM188.48 for every RM1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Steel industry is 11.29.
What is the trend?
The trend is important because it shows you how Southern Steel Bhd is performing over time. The most recent quarter might be important if Southern Steel Bhd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Southern Steel Bhd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Southern Steel Bhd

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
\ 596,313 = EPS
PE ratio MRQ = 188.48

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Southern Steel Bhd.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Southern Steel Bhd:

The MRQ is 92.968. Seems overpriced? -1
The TTM is 20.968. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	92.968	TTM	20.968	+72.000
TTM	20.968	YOY	428.270	-407.302
TTM	20.968	5Y	104.434	-83.466
5Y	104.434	10Y	86.703	+17.731

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
MRQ	92.968	11.345	+81.623
TTM	20.968	26.147	-5.179
YOY	428.270	17.206	+411.064
5Y	104.434	89.474	+14.960
10Y	86.703	145.691	-58.988

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Southern Steel Bhd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Steel industry mean).
A PB ratio of 0.61 means the investor is paying RM0.61 for each RM1 in book value.

Let's take a look of the Price to Book Ratio trends of Southern Steel Bhd:

The EOD is 0.559. Very good. +2
The MRQ is 0.611. Very good. +2
The TTM is 0.660. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.559	MRQ	0.611	-0.052
MRQ	0.611	TTM	0.660	-0.049
TTM	0.660	YOY	0.627	+0.034
TTM	0.660	5Y	0.642	+0.018
5Y	0.642	10Y	0.638	+0.005

Compared to industry (Steel)

Period	Company	Industry (mean)	+/-
EOD	0.559	0.933	-0.374
MRQ	0.611	0.986	-0.375
TTM	0.660	0.984	-0.324
YOY	0.627	1.198	-0.571
5Y	0.642	1.066	-0.424
10Y	0.638	1.137	-0.499

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Southern Steel Bhd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.015	-0.118	+896%	0.041	-64%	-0.028	+287%	0.041	-64%
Book Value Growth	-	-	1.018	0.900	+13%	1.033	-2%	0.992	+3%	0.986	+3%
Book Value Per Share	-	-	0.859	0.927	-7%	1.287	-33%	1.123	-23%	1.180	-27%
Book Value Per Share Growth	-	-	1.018	0.900	+13%	1.033	-2%	0.992	+3%	0.986	+3%
Current Ratio	-	-	0.751	0.851	-12%	1.029	-27%	0.916	-18%	0.895	-16%
Debt To Asset Ratio	-	-	0.723	0.702	+3%	0.668	+8%	0.693	+4%	0.684	+6%
Debt To Equity Ratio	-	-	2.637	2.373	+11%	2.016	+31%	2.336	+13%	1.891	+39%
Dividend Per Share	-	-	-	0.000	-100%	0.000	-100%	0.000	-100%	0.000	-100%
Eps	-	-	0.003	-0.121	+4433%	0.039	-93%	-0.070	+2628%	-0.066	+2462%
Eps Growth	-	-	2.027	-11.910	+687%	0.767	+164%	-2.382	+218%	-4.380	+316%
Free Cash Flow Per Share	-	-	-0.062	-0.030	-52%	-0.037	-41%	0.004	-1820%	0.014	-548%
Free Cash Flow Per Share Growth	-	-	-2.244	-1.374	-39%	0.352	-738%	3.624	-162%	3.509	-164%
Free Cash Flow To Equity Per Share	-	-	-0.062	-0.119	+92%	-0.179	+188%	-0.064	+2%	-0.047	-24%
Free Cash Flow To Equity Per Share Growth	-	-	1.455	1.036	+40%	-0.223	+115%	0.317	+358%	0.480	+203%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	-9.340	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-58.281	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.130	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-1.097	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-1.005	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-7.425	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-2.620	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-18.227	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.003	-0.125	+4992%	0.048	-95%	-0.079	+3184%	-0.072	+2937%
Operating Margin	-	-	-	-	0%	-	0%	0.042	-100%	0.028	-100%
Operating Ratio	-	-	1.938	2.036	-5%	1.821	+6%	1.803	+7%	1.842	+5%
Pb Ratio	0.559	-9%	0.611	0.660	-7%	0.627	-3%	0.642	-5%	0.638	-4%
Pe Ratio	172.324	-9%	188.480	43.561	+333%	50.179	+276%	21.848	+763%	-13.023	+107%
Peg Ratio	-	-	92.968	20.968	+343%	428.270	-78%	104.434	-11%	86.703	+7%
Price Per Share	0.480	-9%	0.525	0.613	-14%	0.805	-35%	0.713	-26%	0.745	-29%
Price To Total Gains Ratio	32.304	-9%	35.332	5.305	+566%	42.528	-17%	12.373	+186%	7.847	+350%
Profit Growth	-	-	2.027	-11.910	+687%	0.767	+164%	-2.382	+218%	-4.380	+316%
Quick Ratio	-	-	0.140	0.197	-29%	0.217	-36%	0.299	-53%	0.278	-50%
Return On Assets	-	-	0.001	-0.038	+4321%	0.010	-91%	-0.021	+2433%	-0.019	+2230%
Return On Equity	-	-	0.003	-0.123	+3850%	0.031	-89%	-0.080	+2551%	-0.065	+2084%
Revenue Growth	-	-	1.127	1.026	+10%	1.083	+4%	1.059	+6%	1.049	+7%
Total Gains Per Share	-	-	0.015	-0.118	+895%	0.041	-64%	-0.028	+286%	0.041	-64%
Total Gains Per Share Growth	-	-	2.143	-9.433	+540%	0.742	+189%	-0.931	+143%	-0.681	+132%
Usd Book Value	-	-	112029439.600	120886401.150	-7%	167704564.300	-33%	146381722.365	-23%	153829413.343	-27%
Usd Book Value Change Per Share	-	-	0.003	-0.026	+896%	0.009	-64%	-0.006	+287%	0.009	-64%
Usd Book Value Per Share	-	-	0.188	0.203	-7%	0.281	-33%	0.245	-23%	0.258	-27%
Usd Dividend Per Share	-	-	-	0.000	-100%	0.000	-100%	0.000	-100%	0.000	-100%
Usd Eps	-	-	0.001	-0.026	+4433%	0.009	-93%	-0.015	+2628%	-0.014	+2462%
Usd Free Cash Flow	-	-	-8099785.800	-3865339.850	-52%	-4783241.250	-41%	470838.682	-1820%	1807259.886	-548%
Usd Free Cash Flow Per Share	-	-	-0.014	-0.006	-52%	-0.008	-41%	0.001	-1820%	0.003	-548%
Usd Free Cash Flow To Equity Per Share	-	-	-0.014	-0.026	+92%	-0.039	+188%	-0.014	+2%	-0.010	-24%
Usd Price Per Share	0.105	-9%	0.115	0.134	-14%	0.176	-35%	0.156	-26%	0.163	-29%
Usd Profit	-	-	363094.600	-15732969.900	+4433%	5134640.750	-93%	-9180621.353	+2628%	-8576979.190	+2462%
Usd Revenue	-	-	142540534.600	130277402.500	+9%	114100292.050	+25%	117838053.082	+21%	120583757.257	+18%
Usd Total Gains Per Share	-	-	0.003	-0.026	+895%	0.009	-64%	-0.006	+286%	0.009	-64%
	EOD	+3 -2	MRQ	TTM	+24 -16	YOY	+11 -29	5Y	+24 -17	10Y	+17 -24

3.2. Fundamental Score

Let's check the fundamental score of Southern Steel Bhd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	172.324
Price to Book Ratio (EOD)	Between	0-1	0.559
Net Profit Margin (MRQ)	Greater than	0	0.003
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.140
Current Ratio (MRQ)	Greater than	1	0.751
Debt to Asset Ratio (MRQ)	Less than	1	0.723
Debt to Equity Ratio (MRQ)	Less than	1	2.637
Return on Equity (MRQ)	Greater than	0.15	0.003
Return on Assets (MRQ)	Greater than	0.05	0.001
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of Southern Steel Bhd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	44.172
Ma 20	Greater than	Ma 50	0.488
Ma 50	Greater than	Ma 100	0.521
Ma 100	Greater than	Ma 200	0.546
Open	Greater than	Close	0.480
Total			0/5 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in MYR. All numbers in thousands.

Summary

Total Assets	1,847,593
Total Liabilities	1,335,107
Total Stockholder Equity	506,294

	As reported
Total Liabilities	1,335,107
Total Stockholder Equity	+ 506,294
Total Assets	= 1,847,593

Assets

Total Assets	1,847,593
Total Current Assets	929,536
Long-term Assets	929,536

Total Current Assets

Total Current Assets (as reported)	929,536
Cash And Cash Equivalents	117,956
Net Receivables	173,254
Inventory	442,871
Other Current Assets	193,132
Total Current Assets (calculated)	927,213
+/-	2,323

Long-term Assets

Long-term Assets (as reported)	918,057
Goodwill	30,256
Long-term Assets (calculated)	30,256
+/-	887,801

Liabilities & Shareholders' Equity

Total Current Liabilities	1,237,775
Long-term Liabilities	97,332
Total Stockholder Equity	506,294

Total Current Liabilities

Total Current Liabilities (as reported)	1,237,775
Short Long Term Debt	820,665
Accounts payable	218,049
Total Current Liabilities (calculated)	1,038,714
+/-	199,061

Long-term Liabilities

Long-term Liabilities (as reported)	97,332
Long term Debt	42,725
Capital Lease Obligations Min Short Term Debt	11,488
Long-term Liabilities (calculated)	54,213
+/-	43,119

Total Stockholder Equity

Total Stockholder Equity (as reported)	506,294
Total Stockholder Equity (calculated)	0
+/-	506,294

Other

Capital Stock	641,010
Common Stock Shares Outstanding	596,313
Net Debt	745,434
Net Invested Capital	1,369,684
Net Working Capital	-308,239

Balance Sheet

Currency in MYR. All numbers in thousands.

Trend

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2016-03-31

2015-12-31

2015-09-30

2015-06-30

> Total Assets

2,584,000
2,583,000
2,296,000
2,204,000
2,300,317
2,227,842
2,474,265
2,020,229
2,089,751
2,401,449
2,256,477
2,205,519
2,213,403
2,353,586
2,313,628
2,278,869
2,290,713
1,988,577
1,834,185
1,740,220
1,847,593

1,847,593

1,740,220

1,834,185

1,988,577

2,290,713

2,278,869

2,313,628

2,353,586

2,213,403

2,205,519

2,256,477

2,401,449

2,089,751

2,020,229

2,474,265

2,227,842

2,300,317

2,204,000

2,296,000

2,583,000

2,584,000

> Total Current Assets

1,094,000
1,071,000
783,000
699,000
995,805
939,614
1,018,778
1,186,702
1,388,564
1,419,680
1,287,582
1,249,906
1,268,687
1,202,797
1,182,304
1,158,283
1,182,039
1,055,227
903,053
815,448
929,536

929,536

815,448

903,053

1,055,227

1,182,039

1,158,283

1,182,304

1,202,797

1,268,687

1,249,906

1,287,582

1,419,680

1,388,564

1,186,702

1,018,778

939,614

995,805

699,000

783,000

1,071,000

1,094,000

Cash And Cash Equivalents

54,000
100,000
100,000
151,000
71,383
43,938
66,692
242,176
174,730
219,427
235,823
176,257
167,948
133,011
156,912
85,837
110,257
67,333
67,887
59,670
117,956

117,956

59,670

67,887

67,333

110,257

85,837

156,912

133,011

167,948

176,257

235,823

219,427

174,730

242,176

66,692

43,938

71,383

151,000

100,000

54,000

Short-term Investments

1,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,000

Net Receivables

199,000
236,000
193,000
208,000
219,056
208,528
205,995
445,853
419,765
410,747
427,481
425,148
433,860
43,960
151,582
155,042
158,817
168,636
163,864
148,343
173,254

173,254

148,343

163,864

168,636

158,817

155,042

151,582

43,960

433,860

425,148

427,481

410,747

419,765

445,853

205,995

208,528

219,056

208,000

193,000

236,000

199,000

Inventory

784,000
735,000
488,000
340,000
688,004
672,589
731,413
485,848
411,830
406,016
242,716
269,586
288,678
562,613
413,453
487,389
482,435
568,055
476,581
412,618
442,871

442,871

412,618

476,581

568,055

482,435

487,389

413,453

562,613

288,678

269,586

242,716

406,016

411,830

485,848

731,413

672,589

688,004

340,000

488,000

735,000

784,000

Other Current Assets

42,000
0
1,000
0
0
0
0
0
369,377
369,377
369,377
369,377
369,377
453,863
453,863
423,428
424,184
247,163
193,132
193,132
193,132

193,132

247,163

424,184

423,428

453,863

369,377

1,000

42,000

> Long-term Assets

0
0
0
0
0
0
1,455,487
833,527
701,187
981,769
968,895
955,613
944,716
1,150,789
1,131,324
1,120,586
1,108,674
933,350
931,132
924,772
918,057

918,057

924,772

931,132

933,350

1,108,674

1,120,586

1,131,324

1,150,789

944,716

955,613

968,895

981,769

701,187

833,527

1,455,487

Property Plant Equipment

0
0
0
0
1,128,263
1,117,399
1,278,576
663,329
530,667
886,660
873,345
859,977
848,198
758,878
747,727
736,768
726,416
716,772
709,136
702,969
0

702,969

709,136

716,772

726,416

736,768

747,727

758,878

848,198

859,977

873,345

886,660

530,667

663,329

1,278,576

1,117,399

1,128,263

Goodwill

30,000
30,000
30,000
30,000
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256
30,256

30,256

30,000

Long Term Investments

16,000
15,000
13,000
13,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

13,000

15,000

16,000

Other Assets

0
0
0
0
109,615
106,151
112,905
106,660
108,053
32,639
33,083
33,330
33,928
36,452
28,082
28,132
26,883
42,233
48,816
49,254
0

49,254

48,816

42,233

26,883

28,132

28,082

36,452

33,928

33,330

33,083

32,639

108,053

106,660

112,905

106,151

109,615

> Total Liabilities

1,671,000
1,711,000
1,481,000
1,410,000
1,414,220
1,373,503
1,670,582
1,557,741
1,661,514
1,729,560
1,612,397
1,550,664
1,516,027
1,628,305
1,556,024
1,487,697
1,496,068
1,358,440
1,268,422
1,236,595
1,335,107

1,335,107

1,236,595

1,268,422

1,358,440

1,496,068

1,487,697

1,556,024

1,628,305

1,516,027

1,550,664

1,612,397

1,729,560

1,661,514

1,557,741

1,670,582

1,373,503

1,414,220

1,410,000

1,481,000

1,711,000

1,671,000

> Total Current Liabilities

1,189,000
1,228,000
1,056,000
1,015,000
1,231,989
1,235,616
1,439,246
1,370,035
1,559,765
1,635,068
1,517,710
1,113,410
1,080,027
1,188,508
1,140,286
1,115,093
1,147,787
1,050,218
1,023,650
1,062,729
1,237,775

1,237,775

1,062,729

1,023,650

1,050,218

1,147,787

1,115,093

1,140,286

1,188,508

1,080,027

1,113,410

1,517,710

1,635,068

1,559,765

1,370,035

1,439,246

1,235,616

1,231,989

1,015,000

1,056,000

1,228,000

1,189,000

Short-term Debt

1,135,000
1,204,000
992,000
948,000
0
0
0
595
0
0
0
0
0
0
0
0
0
0
0
0
0

595

948,000

992,000

1,204,000

1,135,000

Short Long Term Debt

1,135,000
1,204,000
992,000
948,000
0
0
1,081,878
1,140,043
994,580
1,071,612
913,300
554,165
504,401
561,617
563,251
529,554
571,660
606,685
609,635
655,169
820,665

820,665

655,169

609,635

606,685

571,660

529,554

563,251

561,617

504,401

554,165

913,300

1,071,612

994,580

1,140,043

1,081,878

948,000

992,000

1,204,000

1,135,000

Accounts payable

167,000
318,000
295,000
276,000
0
0
307,108
176,042
178,365
109,265
221,677
180,143
198,025
190,385
199,367
206,720
198,087
141,422
213,445
207,535
218,049

218,049

207,535

213,445

141,422

198,087

206,720

199,367

190,385

198,025

180,143

221,677

109,265

178,365

176,042

307,108

276,000

295,000

318,000

167,000

Other Current Liabilities

192,000
4,000
5,000
14,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

14,000

5,000

4,000

192,000

> Long-term Liabilities

0
0
0
0
0
0
231,336
181,996
95,956
88,114
88,241
430,731
429,281
433,034
408,869
365,620
341,614
301,455
238,293
167,736
97,332

97,332

167,736

238,293

301,455

341,614

365,620

408,869

433,034

429,281

430,731

88,241

88,114

95,956

181,996

231,336

Long term Debt Total

0
0
0
0
113,396
85,000
177,702
136,917
51,418
0
24,715
367,677
366,747
376,806
359,852
316,907
294,931
255,369
192,619
122,361
0

122,361

192,619

255,369

294,931

316,907

359,852

376,806

366,747

367,677

24,715

51,418

136,917

177,702

85,000

113,396

> Total Stockholder Equity

0
0
0
0
886,097
854,339
798,004
462,488
428,237
671,889
644,080
654,855
697,376
725,281
757,604
791,172
794,645
630,137
565,763
503,625
506,294

506,294

503,625

565,763

630,137

794,645

791,172

757,604

725,281

697,376

654,855

644,080

671,889

428,237

462,488

798,004

854,339

886,097

Retained Earnings

261,000
209,000
162,000
153,000
262,917
230,061
184,303
-150,628
-217,755
28,643
-294,683
-283,411
-242,541
-213,685
-181,543
-147,246
-137,103
-301,639
-344,593
-405,219
-433,433

-433,433

-405,219

-344,593

-301,639

-137,103

-147,246

-181,543

-213,685

-242,541

-283,411

-294,683

28,643

-217,755

-150,628

184,303

230,061

262,917

153,000

162,000

209,000

261,000

Accumulated Other Comprehensive Income

Capital Surplus

Treasury Stock

Balance Sheet

Currency in MYR. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30
Accounts Payable	141,422	190,385	109,265	181,810	169,894	351,638	-	167,000	152,000	126,000	171,000
Capital Lease Obligations	13,007	25,622	31,031	-	-	-	-	-	-	-	-
Capital Stock	641,010	641,010	641,010	470,205	-	-	-	-	-	-	-
Capital Surpluse	-	-	-	-	-	0	35,852	35,852	-	-	-
Cash	50,150	89,800	78,104	23,638	18,994	54,298	-	54,000	60,000	87,000	47,000
Cash And Equivalents	0	40,625	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	67,333	133,011	219,427	43,938	54,550	86,542	46,949	53,666	-	-	-
Common Stock	641,010	641,010	641,010	470,205	469,494	464,874	419,417	455,000	455,000	455,000	447,000
Common Stock Shares Outstanding	596,313	596,313	596,313	433,642	433,642	429,022	419,417	-	-	-	-
Good Will	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,000	30,000	30,000	49,000
Inventory	568,055	562,613	406,016	672,589	842,202	688,566	518,637	784,000	700,000	754,000	704,000
Liabilities And Stockholders Equity	1,988,577	2,353,586	2,401,449	2,227,842	2,489,084	2,286,221	2,116,418	-	-	-	-
Long Term Debt	244,400	354,880	0	85,000	198,163	303,070	246,852	317,000	438,000	228,000	25,000
Long Term Debt Total	255,369	376,806	25,622	85,000	198,163	303,070	246,852	316,815	-	-	-
Long Term Investments	-	-	-	-	-	-	-	16,000	66,000	81,000	49,000
Net Debt	783,752	783,486	852,185	904,821	1,008,386	-	-	-	-	-	-
Net Invested Capital	1,481,222	1,641,778	1,743,501	1,803,098	2,029,449	1,848,392	-	-	-	-	-
Net Receivables	152,370	36,638	97,945	178,498	239,094	153,040	156,136	199,000	191,000	220,000	222,000
Net Working Capital	5,009	14,289	-215,388	-296,002	-65,356	-196,821	-	-	-	-	-
Non Current Assets Total	933,350	1,150,789	981,769	1,288,228	1,293,083	1,320,089	-	-	-	-	-
Non Current Liabilities Total	301,455	433,034	88,114	132,303	255,640	353,010	-	-	-	-	-
Other Assets	42,233	36,452	32,639	106,151	69,427	52,679	49,664	47,915	-	-	-
Other Current Assets	248,632	455,628	370,903	1,373	2,460	1,422	2,345	42,000	-	-	-
Other Current Liab	-	-	-	-	-	-	-	192,000	177,000	94,000	90,000
Other Stockholder Equity	2,654	2,800	2,236	143,289	143,625	146,815	154,613	159,367	-	-	-
Property Plant Equipment	716,772	758,878	886,660	1,117,399	1,156,271	1,197,606	1,247,321	1,377,138	-	-	-
Retained Earnings	-301,639	-213,685	-266,513	230,061	347,496	151,349	69,926	261,000	376,000	374,000	374,000
Short Long Term Debt	606,685	561,617	1,071,612	863,759	864,773	780,212	-	1,135,000	1,016,000	1,035,000	752,000
Short Long Term Debt Total	-	376,806	25,622	85,000	198,163	303,070	246,852	-	-	-	-
Short Term Debt	500,934	533,367	968,712	783,859	782,852	716,370	535,338	1,135,000	1,016,000	1,035,000	752,000
Short Term Investments	17,183	2,586	141,323	20,300	35,556	32,244	18,575	1,000	1,000	1,000	20,000
Total Assets	1,988,577	2,353,586	2,401,449	2,227,842	2,489,084	2,286,221	2,116,418	2,584,000	2,405,000	2,200,000	1,941,000
Total Current Assets	1,055,227	1,202,797	1,419,680	939,614	1,196,001	966,132	756,328	1,094,000	966,000	1,084,000	1,013,000
Total Current Liabilities	1,050,218	1,188,508	1,635,068	1,235,616	1,261,357	1,162,953	1,058,465	1,189,000	918,000	1,040,000	1,001,000
Total Liab	1,358,440	1,628,305	1,729,560	1,373,503	1,522,571	1,521,111	1,436,599	1,671,000	1,534,000	1,334,000	1,095,000
Total Stockholder Equity	630,137	725,281	671,889	854,339	966,513	765,110	679,819	905,878	-	-	-

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Accounts Payable	218,049	207,535	213,445	141,422	198,087	206,720	199,367	190,385	198,025	180,143	221,677	109,265	178,365	176,042	307,108	-	-	276,000	295,000	318,000	167,000
Capital Lease Obligations	11,488	12,000	12,507	13,007	22,868	23,797	24,715	25,622	26,518	27,402	29,228	31,031	32,812	156,114	166,798	-	-	-	-	-	-
Capital Stock	641,010	641,010	641,010	641,010	641,010	641,010	641,010	641,010	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	117,956	59,670	67,887	67,333	110,257	85,837	156,912	133,011	167,948	176,257	235,823	219,427	174,730	242,176	66,692	43,938	71,383	151,000	100,000	100,000	54,000
Cash And Equivalents	-	59,670	67,887	67,333	110,257	85,837	156,912	133,011	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	-	59,670	67,887	67,333	110,257	85,837	156,912	133,011	167,948	176,257	235,823	219,427	174,730	242,176	66,692	43,938	71,383	-	-	-	-
Common Stock	-	641,010	641,010	641,010	641,010	641,010	641,010	641,010	641,010	641,010	641,010	641,010	641,011	470,205	470,205	470,205	469,494	455,000	455,000	455,000	455,000
Common Stock Shares Outstanding	596,313	596,313	596,313	596,313	596,313	596,313	596,313	596,313	596,313	596,313	596,313	596,313	596,313	433,642	433,739	340,332	433,493	420,561	423,280	420,032	333,333
Good Will	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,256	30,000	30,000	30,000	30,000
Inventory	442,871	412,618	476,581	568,055	482,435	487,389	413,453	562,613	288,678	269,586	242,716	406,016	411,830	485,848	731,413	672,589	688,004	340,000	488,000	735,000	784,000
Liabilities And Stockholders Equity	-	1,740,220	1,834,185	1,988,577	2,290,713	2,278,869	2,313,628	2,353,586	2,213,403	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	42,725	112,450	182,175	244,400	275,900	296,900	338,880	354,880	343,880	343,880	-	0	24,900	24,900	49,900	85,000	113,396	222,000	237,000	298,000	317,000
Long Term Debt Total	-	122,361	192,619	255,369	294,931	316,907	359,852	376,806	366,747	367,677	24,715	-	51,418	136,917	177,702	85,000	113,396	-	-	-	-
Long Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,000	13,000	15,000	16,000
Net Debt	745,434	707,949	723,923	783,752	737,303	740,617	745,219	783,486	680,333	721,788	677,477	852,185	-	-	-	-	-	-	-	-	-
Net Invested Capital	1,369,684	1,271,244	1,357,573	1,481,222	1,642,205	1,617,626	1,659,735	1,641,778	1,545,657	1,552,900	1,557,380	1,743,501	1,447,717	-	-	-	-	-	-	-	-
Net Receivables	173,254	148,343	163,864	168,636	158,817	155,042	151,582	43,960	433,860	425,148	427,481	410,747	419,765	445,853	205,995	208,528	219,056	208,000	193,000	236,000	199,000
Net Working Capital	-308,239	-247,281	-120,597	5,009	34,252	43,190	42,018	14,289	188,660	136,496	-230,128	-215,388	-171,201	-	-	-	-	-	-	-	-
Non Current Assets Total	918,057	924,772	931,132	933,350	1,108,674	1,120,586	1,131,324	1,150,789	944,716	955,613	968,895	981,769	701,187	833,527	1,455,487	-	-	-	-	-	-
Non Current Liabilities Total	97,332	167,736	238,293	301,455	341,614	365,620	408,869	433,034	429,281	430,731	88,241	88,114	95,956	181,996	231,336	-	-	-	-	-	-
Other Assets	-	49,254	48,816	42,233	26,883	28,132	28,082	36,452	33,928	33,330	33,083	32,639	108,053	106,660	112,905	106,151	109,615	-	-	-	-
Other Current Assets	193,132	193,132	193,132	247,163	424,184	423,428	453,863	453,863	369,377	369,377	369,377	369,377	369,377	-	-	-	-	-	1,000	-	42,000
Other Current Liab	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	5,000	4,000	192,000
Other Stockholder Equity	-	1,373	2,885	2,654	2,626	2,252	2,981	2,800	3,751	2,100	2,597	2,236	4,981	142,911	143,496	143,289	144,130	-	-	-	-
Property Plant Equipment	-	702,969	709,136	716,772	726,416	736,768	747,727	758,878	848,198	859,977	873,345	886,660	530,667	663,329	1,278,576	1,117,399	1,128,263	-	-	-	-
Retained Earnings	-433,433	-405,219	-344,593	-301,639	-137,103	-147,246	-181,543	-213,685	-242,541	-283,411	-294,683	28,643	-217,755	-150,628	184,303	230,061	262,917	153,000	162,000	209,000	261,000
Short Long Term Debt	820,665	655,169	609,635	606,685	571,660	529,554	563,251	561,617	504,401	554,165	913,300	1,071,612	994,580	1,140,043	1,081,878	-	-	948,000	992,000	1,204,000	1,135,000
Short Long Term Debt Total	-	-	-	-	-	-	359,852	376,806	366,747	367,677	24,715	25,622	51,418	136,917	-	-	-	-	-	-	-
Short Term Debt	-	0	0	0	0	0	0	0	0	-	-	-	-	595	-	-	-	948,000	992,000	1,204,000	1,135,000
Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000
Total Assets	1,847,593	1,740,220	1,834,185	1,988,577	2,290,713	2,278,869	2,313,628	2,353,586	2,213,403	2,205,519	2,256,477	2,401,449	2,089,751	2,020,229	2,474,265	2,227,842	2,300,317	2,204,000	2,296,000	2,583,000	2,584,000
Total Current Assets	929,536	815,448	903,053	1,055,227	1,182,039	1,158,283	1,182,304	1,202,797	1,268,687	1,249,906	1,287,582	1,419,680	1,388,564	1,186,702	1,018,778	939,614	995,805	699,000	783,000	1,071,000	1,094,000
Total Current Liabilities	1,237,775	1,062,729	1,023,650	1,050,218	1,147,787	1,115,093	1,140,286	1,188,508	1,080,027	1,113,410	1,517,710	1,635,068	1,559,765	1,370,035	1,439,246	1,235,616	1,231,989	1,015,000	1,056,000	1,228,000	1,189,000
Total Liab	1,335,107	1,236,595	1,268,422	1,358,440	1,496,068	1,487,697	1,556,024	1,628,305	1,516,027	1,550,664	1,612,397	1,729,560	1,661,514	1,557,741	1,670,582	1,373,503	1,414,220	1,410,000	1,481,000	1,711,000	1,671,000
Total Stockholder Equity	506,294	503,625	565,763	630,137	794,645	791,172	757,604	725,281	697,376	654,855	644,080	671,889	428,237	462,488	798,004	854,339	886,097	-	-	-	-

Cash Flow

Currency in MYR. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30
Begin Period Cash Flow	133,011	219,427	43,938	93	-52	45,499	-	-	-	-	-
Capital Expenditures	12,436	9,751	12,876	10,630	11,474	11,499	71,449	122,000	222,000	288,000	197,000
Change In Cash	-65,678	-86,416	175,489	-9,824	-32,758	41,021	-2,633	-10,000	-26,000	26,000	-133,000
Change In Working Capital	-176,053	-51,954	219,101	165,772	-305,786	-377,219	278,662	-	-	-	-
Change To Account Receivables	-	-	-	-	-	-	-	-51,000	30,000	-32,000	21,000
Change To Inventory	-5,442	-156,597	266,573	169,613	-153,636	-169,929	-	-84,000	54,000	-81,000	337,000
Depreciation	40,167	47,660	57,035	46,148	52,791	61,140	63,440	68,000	72,000	76,000	85,000
Dividends Paid	387	-	-	0	15,177	12,864	-	-	-	-	-
End Period Cash Flow	67,333	133,011	219,427	43,938	53,762	86,520	45,499	-	-	-	-
Free Cash Flow	-29,553	74,037	62,906	104,008	3,990	-157,592	-	-	-	-	-
Investments	20,832	-9,663	-12,472	-10,590	-11,474	-12,091	-	-	-	-	-
Net Income	95,265	65,016	-197,295	-158,184	223,859	110,122	-213,129	-118,000	19,000	42,000	6,000
Other Cashflows From Financing Activities	-	-	-	-116	-	-	-	-	-	38,000	-36,000
Other Cashflows From Investing Activities	33,268	88	404	40	-	-592	25,308	35	-	-	-
Other Non Cash Items	213,569	45,532	45,173	45,170	44,920	45,743	-	-	-	-	-
Stock Based Compensation	-	-	-10,784	4,886	-	-	-	-	-	-	-
Total Cash From Financing Activities	-69,424	-160,524	112,157	-113,965	-36,696	199,147	-259,735	262,000	-35,000	303,000	-323,000
Total Cash From Operating Activities	-17,117	83,788	75,782	114,638	15,464	-146,093	303,203	-153,000	229,000	-35,000	421,000
Total Cashflows From Investing Activities	20,832	-9,663	-12,472	-10,590	-11,474	-12,091	-46,141	-122,000	-222,000	-242,000	-233,000

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Begin Period Cash Flow	59,670	67,887	67,333	110,257	85,837	156,912	133,011	167,948	176,257	235,823	219,427	174,730	242,176	66,692	-	-	-	-	-	-	-
Capital Expenditures	2,828	7,354	3,062	12,436	2,850	985	407	9,751	634	189	218	12,876	12,081	10,851	7,754	10,630	7,619	9,000	10,000	28,000	17,000
Change In Cash	58,283	-7,663	554	-65,678	-22,754	-47,174	23,901	-86,416	-51,479	-43,170	16,396	175,489	130,792	198,238	22,746	-9,824	17,621	51,000	51,000	51,000	-21,000
Change In Working Capital	-44,926	120,034	58,154	-176,053	-109,481	-95,338	-17,155	-51,954	87,302	107,608	180,300	219,101	173,358	81,378	-	-	-	-	-	-	-
Change To Account Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-51,000
Change To Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84,000
Change To Operating Activities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112,000	266,000	19,000	4,000
Depreciation	10,322	21,057	10,598	40,167	34,352	23,056	11,551	47,660	39,071	26,873	13,533	57,035	38,086	43,527	22,096	46,148	35,610	15,000	15,000	15,000	17,000
Dividends Paid	-	-	-	387	387	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
End Period Cash Flow	117,956	59,670	67,887	67,333	110,257	85,837	156,912	133,011	167,948	176,257	235,823	219,427	174,730	242,176	66,692	-	-	-	-	-	-
Free Cash Flow	-37,053	16,511	-4,760	-45,427	4,279	-27,567	39,162	-103,399	42,656	-42,118	176,898	-7,336	62,809	-	-	-	-	-	-	-	-
Investments	-2,751	-4,292	61,999	-9,763	-1,517	32,511	-399	-9,029	-445	29	-218	-424	-1,207	-3,097	-7,744	-	-	-	-	-	-
Net Income	1,661	-123,960	-65,124	95,265	85,881	79,993	39,692	65,016	35,635	-8,372	-28,366	-197,295	-418,854	-381,141	-45,586	-158,184	-116,183	-9,000	-48,000	-52,000	-1,000
Other Cashflows From Financing Activities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-116	-	-	-	25,000	25,000
Other Cashflows From Investing Activities	-	65,061	65,061	33,268	33,445	33,097	8	88	0	-	-	404	33	10	10	40	69	-	-	-	-
Other Non Cash Items	9,749	9,185	-3,460	192,895	6,189	5,450	9,035	17,492	10,385	5,973	11,682	15,429	14,451	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-	-84,473	-59,775	-69,424	-72,078	-91,868	-15,273	-160,524	-228,897	-177,916	-160,486	112,157	60,493	190,798	168,196	-113,965	21,489	-47,000	-210,000	72,000	105,000
Total Cash From Operating Activities	-34,225	19,105	-1,698	-17,117	18,724	12,580	39,569	83,788	178,070	134,969	177,116	75,782	82,323	18,284	-137,706	114,638	3,599	108,000	220,000	-19,000	-108,000
Total Cashflows From Investing Activities	-	57,707	61,999	20,832	30,595	32,112	-399	-9,663	-634	-189	-218	-12,472	-12,048	-10,841	-7,744	-10,590	-7,550	-9,000	-10,000	-3,000	-17,000

Income Statement

Currency in MYR. All numbers in thousands.

	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2015-06-30	2014-06-30	2013-06-30	2012-06-30
Cost Of Revenue	2,107,119	1,557,135	1,951,064	3,074,490	3,253,538	2,333,060	2,284,469	2,467,000	2,621,000	2,622,000	3,133,000
Ebit	-	-	-98,269	-63,960	325,244	213,690	-	-67,000	74,000	84,000	48,000
Ebitda	165,384	143,311	-98,269	-63,960	325,244	213,690	-	-	-	-	-
Extraordinary Items	-187,642	-18,481	-259,303	-31,358	-	-	-	-	-	-	-
Gross Profit	201,796	183,576	-38,328	60,994	444,653	305,082	116,026	62,000	193,000	201,000	162,000
Income Before Tax	95,265	65,016	-197,295	-126,826	223,859	110,122	-213,129	-136,743	-	-	-
Income Tax Expense	-	-	-	-	-	-	-	-20,000	11,000	1,000	11,000
Interest Expense	29,952	30,635	41,991	48,076	0	0	0	0	0	0	0
Interest Income	22,263	26,109	41,983	34,845	46,181	45,514	44,297	-	-	-	-
Minority Interest	-394	-358	-140	-139	-398	-	-	-	-	-	-
Net Income	-94,897	47,926	-467,055	-119,048	210,847	93,295	-221,153	-118,000	19,000	42,000	6,000
Net Income Applicable To Common Shares	-94,897	47,926	-467,055	-119,048	210,847	93,295	-221,153	-117,581	-	-	-
Net Income From Continuing Ops	93,139	66,765	-207,612	-118,909	211,245	95,193	-	-	-	-	-
Net Interest Income	-29,154	-29,640	-40,060	-46,694	-46,542	-47,067	-	-	-	-	-
Operating Income	122,425	93,500	-155,312	-91,981	270,040	155,636	-168,832	-67,000	74,000	84,000	48,000
Reconciled Depreciation	40,167	47,660	57,035	46,148	52,791	55,104	-	-	-	-	-
Selling General Administrative	110,317	100,386	96,346	143,008	175,851	175,685	153,325	131,689	-	-	-
Tax Provision	2,126	-1,749	10,317	-39,275	12,614	14,929	6,754	-19,784	-	-	-
Total Operating Expenses	2,186,490	1,647,211	2,068,048	3,245,884	3,428,151	2,482,506	-	2,597,000	2,739,000	2,739,000	3,247,000
Total Revenue	2,308,915	1,740,711	1,912,736	3,135,484	3,698,191	2,638,142	2,400,495	2,530,000	2,814,000	2,823,000	3,295,000

	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30
Cost Of Revenue	623,138	600,143	604,236	555,787	553,979	578,772	418,581	317,122	418,457	403,402	418,154	208,866	461,240	626,880	653,765	685,099	726,301	559,000	630,000	594,000	577,000
Ebit	-	-	-	-	-	-	-	-	-	38,312	-4,042	240,356	-24,723	-298,738	-9,724	-	-	5,000	-38,000	-45,000	7,000
Ebitda	22,477	-40,804	-47,213	24,805	23,640	58,290	58,649	44,970	63,233	38,312	-4,042	240,356	-24,723	-	-	-	-	-	-	-	-
Extraordinary Items	-	-2,617	-2,865	-176,723	-2,757	-5,309	-2,853	-7,088	-2,482	-7,023	-1,887	-259,303	-5,575	-261,346	-	-	-	-	-	-	-
Gross Profit	28,923	-21,557	-30,202	23,382	37,136	72,787	68,491	40,969	74,818	41,546	26,243	-9,639	9,128	-37,478	-26	11,879	-26,338	37,000	-9,000	-1,000	34,000
Income Before Tax	3,697	-58,836	-65,124	9,384	5,888	40,301	39,692	29,381	44,007	18,107	-26,479	221,559	-32,138	-73,906	-45,890	-42,001	-55,950	-	-	-	-
Income Tax Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-6,000	-5,000	1,000
Interest Expense	8,458	7,573	7,313	9,606	6,456	6,484	7,406	7,000	7,028	6,865	10,791	152	12,990	15,083	14,070	-	-	12,000	13,000	11,000	9,000
Interest Income	519	7,911	7,231	9,173	5,943	5,549	6,495	6,215	6,119	6,792	9,358	530	11,801	13,015	206	-	-	-	-	-	-
Minority Interest	-41	316	296	-100	-56	-123	-115	-47	-158	-92	-61	-	-	-	-	-	-	-	-	-	-
Net Income	1,661	-60,727	-64,439	-164,381	3,141	34,225	32,118	24,471	40,830	10,760	-28,134	-48,931	-37,584	-334,957	-45,586	-34,850	-41,572	-9,000	-48,000	-52,000	-1,000
Net Income Applicable To Common Shares	-	-60,727	-64,439	-164,381	3,141	34,225	32,118	24,471	40,830	10,760	-28,134	-48,931	-37,584	-334,957	-45,586	-34,850	-41,572	-	-	-	-
Net Income From Continuing Ops	4,436	-58,426	-61,870	12,442	5,954	39,657	35,086	31,606	43,470	17,875	-28,073	210,294	-37,479	-334,928	-45,502	-	-	-	-	-	-
Net Interest Income	-7,939	-7,179	-6,232	-9,384	-6,272	-6,302	-7,196	-6,786	-6,819	-6,644	-10,440	694	-12,470	-14,420	-13,864	-	-	-	-	-	-
Operating Income	11,748	-50,925	-57,893	18,557	11,831	45,850	46,187	35,596	50,126	24,899	-17,121	221,029	-20,337	-60,891	-31,520	-30,076	-43,453	5,000	-38,000	-45,000	7,000
Reconciled Depreciation	10,322	10,459	10,598	5,815	11,296	11,505	11,551	8,589	12,198	13,340	13,533	18,949	-5,441	-	-	-	-	-	-	-	-
Tax Provision	-739	-410	-3,254	-3,058	-66	644	4,606	-2,225	537	232	-293	11,265	-234	-324	-388	-7,216	-14,400	-	-	-	-
Total Operating Expenses	640,313	629,511	631,927	560,612	579,284	605,709	440,885	322,495	443,149	420,049	462,356	-21,802	494,849	909,743	685,259	-	-	591,000	660,000	637,000	604,000
Total Revenue	652,061	578,586	574,034	579,169	591,115	651,559	487,072	358,091	493,275	444,948	444,397	199,227	470,368	589,402	653,739	696,978	699,963	596,000	621,000	592,000	611,000

Latest Income Statement (annual, 2022-06-30)

Gross Profit (+$)
totalRevenue	2,308,915
Cost of Revenue	-2,107,119
Gross Profit	201,796	201,796

Operating Income (+$)
Gross Profit	201,796
Operating Expense	-2,186,490
Operating Income	122,425	-1,984,694

Operating Expense (+$)
Research Development	-
Selling General Administrative	110,317
Selling And Marketing Expenses	-
Operating Expense	2,186,490	110,317

Net Interest Income (+$)
Interest Income	22,263
Interest Expense	-29,952
Other Finance Cost	-21,465
Net Interest Income	-29,154

Pretax Income (+$)
Operating Income	122,425
Net Interest Income	-29,154
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	95,265	122,425 EBIT - interestExpense = -29,952 -94,897 -64,945
Interest Expense	29,952
Earnings Before Interest and Taxes (EBIT)	-	125,217
Earnings Before Interest and Taxes (EBITDA)	165,384

After tax Income (+$)
Income Before Tax	95,265
Tax Provision	-2,126
Net Income From Continuing Ops	93,139	93,139
Net Income	-94,897
Net Income Applicable To Common Shares	-94,897

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-187,642
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-	29,154

Technicals of Southern Steel Bhd

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Southern Steel Bhd Daily Moving Averages Chart

1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Southern Steel Bhd:

The Moving Average Convergence/Divergence (MACD) is -0.016. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
The MACD is lower than the signal line. This is a bearish indication. -1

Southern Steel Bhd Daily Moving Average Convergence/Divergence (MACD) Chart

1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Southern Steel Bhd:

The ADX is 15.874. Not trending. -2
The ADX is declining, there is no upcoming trend indication. -1
The +DI is lower than the -DI. The current trend is down. -2

Southern Steel Bhd Daily Directional Movement Index (DMI) Chart

1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

The Parabolic SAR is higher than the price. The current trend is down. -2

Southern Steel Bhd Daily Parabolic SAR Chart

2. Momentum Indicators

2.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

The RSI is below 50. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Southern Steel Bhd Daily Relative Strength Index (RSI) Chart

2.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

The Stochastic is below 50. -1

Southern Steel Bhd Daily Stochastic Oscillator Chart

2.3 Commodity Channel Index (CCI)

Southern Steel Bhd Daily Commodity Channel Index (CCI) Chart

2.4 Chande Momentum Oscillator (CMO)

Southern Steel Bhd Daily Chande Momentum Oscillator (CMO) Chart

2.5 Williams %R

Southern Steel Bhd Daily Williams %R Chart

3. Volatility Indicators

3.1 Bollinger Bands

Southern Steel Bhd Daily Bollinger Bands Chart

3.2 Average True Range (ATR)

Southern Steel Bhd Daily Average True Range (ATR) Chart

4. Volume Indicators

4.1 On-Balance Volume (OBV)

Southern Steel Bhd Daily On-Balance Volume (OBV) Chart

4.2 Money Flow Index (MFI)

Southern Steel Bhd Daily Money Flow Index (MFI) Chart

5. Summary

5.1. Notifications

Type	Notification	Date
Currently no notifications for Southern Steel Bhd.

5.2. Trading Signals

Date	Indicator	Entry signal	Exit signal
2023-05-22	DMI	LONG ENTRY	SHORT CLOSE
	STOCH	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2023-05-24	MACD	SHORT ENTRY	LONG CLOSE
	SAR	LONG ENTRY	SHORT CLOSE	price crossed sar to upside
2023-06-01	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE