Kawasaki Heavy Industries Ltd
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Quick analysis of Kawasaki Heavy Industries Ltd (30 sec.)

1. Valuation of Kawasaki Heavy Industries Ltd (5 min.)

Current price per share

€19.33

Book Value per Share

€3,438.75

2. Growth of Kawasaki Heavy Industries Ltd (5 min.)

Is Kawasaki Heavy Industries Ltd growing?

	Current year	Previous year	Grow	Grow %
How rich?	$621.2b	$497.3b	$87.1b	14.9%

How much money is Kawasaki Heavy Industries Ltd making?

	Current year	Previous year	Grow	Grow %
Making money	$18b	$520m	$17.5b	97.1%
Net Profit Margin	3.9%	0.2%	-	-

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

Quarterly Yearly

3. Financial Health of Kawasaki Heavy Industries Ltd (5 min.)

4. Comparing to competitors in the Specialty Industrial Machinery industry (5 min.)

Industry Rankings (Specialty Industrial Machinery)

Richest
#45 / 782

Most Revenue
#49 / 782

Most Profit
#61 / 782

Most Efficient
#440 / 782

Fundamentals of Kawasaki Heavy Industries Ltd

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

	Compared to previous year	Compared to industry
The company is just 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 just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Kawasaki Heavy Industries Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Kawasaki Heavy Industries Ltd earns for each €1 of revenue.

Above 10% is considered healthy but always compare Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery industry mean.
A Net Profit Margin of 6.6% means that €0.07 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Kawasaki Heavy Industries Ltd:

The MRQ is 6.6%. The company is making a profit. +1
The TTM is 3.9%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	6.6%	TTM	3.9%	+2.6%
TTM	3.9%	YOY	0.2%	+3.8%
TTM	3.9%	5Y	1.2%	+2.7%
5Y	1.2%	10Y	1.2%	0.0%

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	6.6%	4.4%	+2.2%
TTM	3.9%	4.9%	-1.0%
YOY	0.2%	4.8%	-4.6%
5Y	1.2%	4.3%	-3.1%
10Y	1.2%	4.3%	-3.1%

Measures how much net profit Kawasaki Heavy Industries Ltd earns for each €1 of revenue.

Revenue is the amount of profit Kawasaki Heavy Industries Ltd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you €3. The company does not earn €3 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 €1.5.

The €3 you pay for a cup of coffee is called revenue.
The €1.5 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 Kawasaki Heavy Industries Ltd earns for each €1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery industry mean.
Can be used to compare companies within the Specialty Industrial Machinery industry.

You typically want a high profit margin. This means that for each €1 in sales, Kawasaki Heavy Industries Ltd makes more profit. This shows the investor how efficiently Kawasaki Heavy Industries Ltd is operating in general and compared to other companies in the same industry. Kawasaki Heavy Industries Ltd operates in the Specialty Industrial Machinery industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Kawasaki Heavy Industries Ltd. If profit margins remain low (compared to the Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd is 0.07. This means that Kawasaki Heavy Industries Ltd earned €0.07 for each €1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Specialty Industrial Machinery industry is 4.4%.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd with other companies in the same industry (Specialty Industrial Machinery).
Net profit margin should rise over the years.
Can be influenced when Kawasaki Heavy Industries Ltd sells assets (profit will increase while costs remain the same).
It won’t show what part of Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

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 Kawasaki Heavy Industries Ltd = 28,749,000
Total revenue MRQ Kawasaki Heavy Industries Ltd = 436,584,000
€28,749,000 / €436,584,000 = 0.07 or 6.6%

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 Kawasaki Heavy Industries Ltd is using its assets to generate profit.

Above 5% is considered healthy but always compare Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery industry mean.
1.2% Return on Assets means that Kawasaki Heavy Industries Ltd generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Kawasaki Heavy Industries Ltd:

The MRQ is 1.2%. Using its assets, the company is less efficient in making profit.
The TTM is 0.7%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.2%	TTM	0.7%	+0.4%
TTM	0.7%	YOY	0.0%	+0.7%
TTM	0.7%	5Y	0.3%	+0.5%
5Y	0.3%	10Y	0.3%	0.0%

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	1.2%	0.9%	+0.3%
TTM	0.7%	1.1%	-0.4%
YOY	0.0%	1.1%	-1.1%
5Y	0.3%	1.1%	-0.8%
10Y	0.3%	1.1%	-0.8%

Shows how efficient Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd is using its resources to generate profit. If the return on assets (1.2%) from Kawasaki Heavy Industries Ltd are higher than the Specialty Industrial Machinery mean (0.9%) that means Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd is 1.2%. This means the company generated €0.01 for each €1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Specialty Industrial Machinery industry is 0.9%.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

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

Income statement
Balance sheet

Net income MRQ (income statement) from Kawasaki Heavy Industries Ltd = 28,749,000
Total assets MRQ (balance sheet) from Kawasaki Heavy Industries Ltd = 2,436,446,000
28,749,000 / 2,436,446,000 = 0.01 or 1.2%

ROA is an important ratio as it will tell you how effectively Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery industry mean.
5.1% Return on Equity means Kawasaki Heavy Industries Ltd generated €0.05 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Kawasaki Heavy Industries Ltd:

The MRQ is 5.1%. Using its investors money, the company is less efficient in making profit.
The TTM is 3.2%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	5.1%	TTM	3.2%	+2.0%
TTM	3.2%	YOY	0.1%	+3.0%
TTM	3.2%	5Y	1.1%	+2.0%
5Y	1.1%	10Y	1.2%	0.0%

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	5.1%	2.2%	+2.9%
TTM	3.2%	2.3%	+0.9%
YOY	0.1%	2.3%	-2.2%
5Y	1.1%	2.1%	-1.0%
10Y	1.2%	2.3%	-1.1%

Shows how efficient Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery 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 Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd is 5.1%. This means Kawasaki Heavy Industries Ltd generated €0.05 for each €1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Specialty Industrial Machinery industry is 2.2%.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd up to 10 years back (depending if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Kawasaki Heavy Industries Ltd = 28,749,000
Shareholders equity (balance sheet) MRQ Kawasaki Heavy Industries Ltd = 558,902,000
28,749,000 / 558,902,000 = 0.05 or 5.1%

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 Kawasaki Heavy Industries Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Kawasaki Heavy Industries Ltd is operating .

Measures how much profit Kawasaki Heavy Industries Ltd makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery industry mean.
An Operating Margin of 0.0% means the company generated €0.00 for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Kawasaki Heavy Industries Ltd:

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

Trends

Current period		Compared to		+/-
MRQ	-	TTM	2.2%	-2.2%
TTM	2.2%	YOY	2.7%	-0.5%
TTM	2.2%	5Y	2.2%	+0.1%
5Y	2.2%	10Y	2.5%	-0.3%

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	-	7.8%	-7.8%
TTM	2.2%	4.8%	-2.6%
YOY	2.7%	6.6%	-3.9%
5Y	2.2%	5.8%	-3.6%
10Y	2.5%	4.6%	-2.1%

Measures how efficient Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd is 0.0%. This means that Kawasaki Heavy Industries Ltd earned €0.00 for each €1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Specialty Industrial Machinery industry is 7.8%.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Kawasaki Heavy Industries Ltd = 47,121,000
Total revenue MRQ Kawasaki Heavy Industries Ltd = 436,584,000
€47,121,000 / €436,584,000 = 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 Kawasaki Heavy Industries Ltd is keeping operating costs low.

Below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
An Operation Ratio of 1.65 means that the operating costs are €1.65 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Kawasaki Heavy Industries Ltd:

The MRQ is 1.648. The company is inefficient in keeping operating costs low. -1
The TTM is 1.761. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.648	TTM	1.761	-0.113
TTM	1.761	YOY	1.806	-0.046
TTM	1.761	5Y	1.807	-0.047
5Y	1.807	10Y	1.804	+0.003

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	1.648	1.560	+0.088
TTM	1.761	1.568	+0.193
YOY	1.806	1.537	+0.269
5Y	1.807	1.511	+0.296
10Y	1.804	1.223	+0.581

Measures how efficient Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd is 164.8%. This means that Kawasaki Heavy Industries Ltd earned €1.65 for each €1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Specialty Industrial Machinery industry is 1.56.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

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
(329,845,000 +389,462,000) \ 436,584,000 = 1.65

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 Kawasaki Heavy Industries Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Kawasaki Heavy Industries Ltd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
A Current Ratio of 1.21 means the company has €1.21 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Kawasaki Heavy Industries Ltd:

The MRQ is 1.206. The company is just able to pay all its short-term debts.
The TTM is 1.230. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.206	TTM	1.230	-0.024
TTM	1.230	YOY	1.323	-0.093
TTM	1.230	5Y	1.294	-0.064
5Y	1.294	10Y	1.293	+0.001

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	1.206	1.689	-0.483
TTM	1.230	1.668	-0.438
YOY	1.323	1.663	-0.340
5Y	1.294	1.725	-0.431
10Y	1.293	1.552	-0.259

Measures if Kawasaki Heavy Industries Ltd 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 Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd is 1.21. This means Kawasaki Heavy Industries Ltd has €1.21 in assets for each €1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Specialty Industrial Machinery industry is 1.69.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,570,091,000 \ 1,302,118,000) = 1.21

The current ratio measures if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery industry mean.
A Quick Ratio of 0.38 means the company can pay off €0.38 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Kawasaki Heavy Industries Ltd:

The MRQ is 0.379. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.381. 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	0.379	TTM	0.381	-0.002
TTM	0.381	YOY	0.446	-0.065
TTM	0.381	5Y	0.464	-0.083
5Y	0.464	10Y	0.476	-0.011

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	0.379	0.654	-0.275
TTM	0.381	0.742	-0.361
YOY	0.446	0.854	-0.408
5Y	0.464	0.847	-0.383
10Y	0.476	0.844	-0.368

Measures if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd can pay off its short term debts. This shows if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd is 0.38. This means that Kawasaki Heavy Industries Ltd can pay off €0.38 for each €1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Industrial Machinery industry is 0.65.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

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 Kawasaki Heavy Industries Ltd: ( + 14,582,000 +479,121,000) / 1,302,118,000 = 0.38

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 Kawasaki Heavy Industries Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Kawasaki Heavy Industries Ltd assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Kawasaki Heavy Industries Ltd to Specialty Industrial Machinery industry mean.
A Debt to Asset Ratio of 0.76 means that Kawasaki Heavy Industries Ltd assets are financed with 76.3% credit (debt) and the remaining percentage (100% - 76.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Kawasaki Heavy Industries Ltd:

The MRQ is 0.763. The company is just able to pay all its debts by selling its assets.
The TTM is 0.759. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.763	TTM	0.759	+0.004
TTM	0.759	YOY	0.766	-0.007
TTM	0.759	5Y	0.759	+0.000
5Y	0.759	10Y	0.756	+0.003

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	0.763	0.508	+0.255
TTM	0.759	0.507	+0.252
YOY	0.766	0.496	+0.270
5Y	0.759	0.503	+0.256
10Y	0.756	0.494	+0.262

Measures how much % of Kawasaki Heavy Industries Ltd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Kawasaki Heavy Industries Ltd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Kawasaki Heavy Industries Ltd to Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd is 0.76. This means means that Kawasaki Heavy Industries Ltd is financed with 76.3% 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 Specialty Industrial Machinery industry is 168.9%.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Kawasaki Heavy Industries Ltd

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,859,147,000 \ 2,436,446,000 = 76.3% or 0.76.

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 Kawasaki Heavy Industries Ltd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery industry mean.
A Debt to Equity ratio of 332.6% means that company has €3.33 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Kawasaki Heavy Industries Ltd:

The MRQ is 3.326. The company is unable to pay all its debts with equity. -1
The TTM is 3.269. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	3.326	TTM	3.269	+0.058
TTM	3.269	YOY	3.412	-0.143
TTM	3.269	5Y	3.275	-0.006
5Y	3.275	10Y	3.228	+0.047

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	3.326	1.042	+2.284
TTM	3.269	1.069	+2.200
YOY	3.412	0.999	+2.413
5Y	3.275	1.069	+2.206
10Y	3.228	1.059	+2.169

Measures if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd is 3.33. This means that Kawasaki Heavy Industries Ltd can pay off €3.33 for each €1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Industrial Machinery industry is 1.04.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,859,147,000 \ 558,902,000 = 3.33 or 332.6%

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 Kawasaki Heavy Industries Ltd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Kawasaki Heavy Industries Ltd generates.

Above 15 is considered overpriced but always compare Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery industry mean.
A PE ratio of 0.13 means the investor is paying €0.13 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Kawasaki Heavy Industries Ltd:

The EOD is 0.113. Very good. +2
The MRQ is 0.126. Very good. +2
The TTM is 0.250. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.113	MRQ	0.126	-0.013
MRQ	0.126	TTM	0.250	-0.124
TTM	0.250	YOY	-0.006	+0.256
TTM	0.250	5Y	0.175	+0.074
5Y	0.175	10Y	0.235	-0.060

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
EOD	0.113	46.065	-45.952
MRQ	0.126	42.215	-42.089
TTM	0.250	36.121	-35.871
YOY	-0.006	56.413	-56.419
5Y	0.175	51.617	-51.442
10Y	0.235	75.692	-75.457

Measures how much money you pay for each share for every €1 in earnings Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd to the Specialty Industrial Machinery 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 Kawasaki Heavy Industries Ltd is 0.13. This means the investor is paying €0.13 for every €1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Industrial Machinery industry is 42.22.
What is the trend?
The trend is important because it shows you how Kawasaki Heavy Industries Ltd is performing over time. The most recent quarter might be important if Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd

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
\ 167,881 = EPS
PE ratio MRQ = 0.13

* 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 Kawasaki Heavy Industries Ltd.

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 Kawasaki Heavy Industries Ltd:

The MRQ is 0.080. Very good. +2
The TTM is 0.401. Very good. +2

Trends

Current period		Compared to		+/-
MRQ	0.080	TTM	0.401	-0.321
TTM	0.401	YOY	0.809	-0.408
TTM	0.401	5Y	0.811	-0.410
5Y	0.811	10Y	0.851	-0.040

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
MRQ	0.080	37.407	-37.327
TTM	0.401	70.163	-69.762
YOY	0.809	92.948	-92.139
5Y	0.811	188.493	-187.682
10Y	0.851	293.871	-293.020

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 Kawasaki Heavy Industries Ltd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
A PB ratio of 0.01 means the investor is paying €0.01 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Kawasaki Heavy Industries Ltd:

The EOD is 0.006. Very good. +2
The MRQ is 0.006. Very good. +2
The TTM is 0.005. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.006	MRQ	0.006	-0.001
MRQ	0.006	TTM	0.005	+0.001
TTM	0.005	YOY	0.007	-0.001
TTM	0.005	5Y	0.007	-0.001
5Y	0.007	10Y	0.006	+0.000

Compared to industry (Specialty Industrial Machinery)

Period	Company	Industry (mean)	+/-
EOD	0.006	2.301	-2.295
MRQ	0.006	2.176	-2.170
TTM	0.005	2.205	-2.200
YOY	0.007	2.489	-2.482
5Y	0.007	2.426	-2.419
10Y	0.006	2.862	-2.856

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Kawasaki Heavy Industries Ltd 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	-	-	109.324	178.381	-39%	1.309	+8253%	32.992	+231%	143.281	-24%
Book Value Growth	-	-	1.033	1.060	-3%	1.001	+3%	1.011	+2%	1.011	+2%
Book Value Per Share	-	-	3438.750	3235.329	+6%	2752.888	+25%	2881.855	+19%	2854.461	+20%
Book Value Per Share Growth	-	-	1.033	1.060	-3%	1.001	+3%	1.011	+2%	1.011	+2%
Current Ratio	-	-	1.206	1.230	-2%	1.323	-9%	1.294	-7%	1.293	-7%
Debt To Asset Ratio	-	-	0.763	0.759	+0%	0.766	0%	0.759	+1%	0.756	+1%
Debt To Equity Ratio	-	-	3.326	3.269	+2%	3.412	-2%	3.275	+2%	3.228	+3%
Dividend Per Share	-	-	27.585	16.476	+67%	9.216	+199%	5.138	+437%	4.282	+544%
Dividend Per Share Growth	-	-	17.216	4.826	+257%	62.139	-72%	23.930	-28%	23.930	-28%
Eps	-	-	171.247	99.797	+72%	2.879	+5849%	34.397	+398%	34.310	+399%
Eps Growth	-	-	1.571	2.628	-40%	1.353	+16%	1.569	+0%	1.503	+4%
Free Cash Flow Per Share	-	-	-344.543	161.115	-314%	-353.478	+3%	-59.425	-83%	-59.425	-83%
Free Cash Flow Per Share Growth	-	-	-1.091	1.823	-160%	0.740	-247%	1.462	-175%	1.462	-175%
Free Cash Flow To Equity Per Share	-	-	-344.543	390.419	-188%	-104.221	-70%	178.430	-293%	178.430	-293%
Free Cash Flow To Equity Per Share Growth	-	-	-5.945	7.334	-181%	2.048	-390%	5.572	-207%	5.572	-207%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	551.533	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	692.990	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	559.953	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	550.306	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	1297.804	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	1246.755	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	1571.953	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	1492.150	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.066	0.039	+67%	0.002	+3501%	0.012	+442%	0.012	+427%
Operating Margin	-	-	-	0.022	-100%	0.027	-100%	0.022	-100%	0.025	-100%
Operating Ratio	-	-	1.648	1.761	-6%	1.806	-9%	1.807	-9%	1.804	-9%
Pb Ratio	0.006	-11%	0.006	0.005	+14%	0.007	-8%	0.007	-4%	0.006	-2%
Pe Ratio	0.113	-11%	0.126	0.250	-50%	-0.006	+105%	0.175	-28%	0.235	-47%
Peg Ratio	-	-	0.080	0.401	-80%	0.809	-90%	0.811	-90%	0.851	-91%
Price Per Share	19.325	-11%	21.500	17.730	+21%	18.635	+15%	18.781	+14%	18.244	+18%
Price To Total Gains Ratio	0.141	-11%	0.157	0.103	+53%	-0.791	+604%	-0.252	+260%	-0.186	+218%
Profit Growth	-	-	1.571	2.628	-40%	1.353	+16%	1.569	+0%	1.503	+4%
Quick Ratio	-	-	0.379	0.381	-1%	0.446	-15%	0.464	-18%	0.476	-20%
Return On Assets	-	-	0.012	0.007	+61%	0.000	+5036%	0.003	+332%	0.003	+319%
Return On Equity	-	-	0.051	0.032	+63%	0.001	+4026%	0.011	+351%	0.012	+341%
Revenue Growth	-	-	1.066	1.071	0%	1.002	+6%	1.031	+3%	1.020	+5%
Total Gains Per Share	-	-	136.909	194.857	-30%	10.525	+1201%	38.131	+259%	147.563	-7%
Total Gains Per Share Growth	-	-	1.075	1.941	-45%	3.375	-68%	1.576	-32%	1.953	-45%
Usd Book Value	-	-	621231453900.000	584481024750.000	+6%	497328492825.000	+25%	520624282260.000	+19%	515675280425.000	+20%
Usd Book Value Change Per Share	-	-	117.643	191.956	-39%	1.408	+8253%	35.503	+231%	154.185	-24%
Usd Book Value Per Share	-	-	3700.438	3481.538	+6%	2962.383	+25%	3101.164	+19%	3071.686	+20%
Usd Dividend Per Share	-	-	29.684	17.730	+67%	9.918	+199%	5.529	+437%	4.608	+544%
Usd Eps	-	-	184.279	107.392	+72%	3.098	+5849%	37.014	+398%	36.921	+399%
Usd Free Cash Flow	-	-	-62243776200.000	29106352800.000	-314%	-47893982700.000	-23%	-3757525980.000	-94%	-3131271650.000	-95%
Usd Free Cash Flow Per Share	-	-	-370.762	173.376	-314%	-380.378	+3%	-63.947	-83%	-63.947	-83%
Usd Free Cash Flow To Equity Per Share	-	-	-370.762	420.130	-188%	-112.152	-70%	192.009	-293%	192.009	-293%
Usd Price Per Share	20.796	-11%	23.136	19.079	+21%	20.053	+15%	20.211	+14%	19.632	+18%
Usd Profit	-	-	30936798900.000	18028979400.000	+72%	520025325.000	+5849%	6213939450.000	+398%	6198336000.000	+399%
Usd Revenue	-	-	469808042400.000	446171774925.000	+5%	402120545325.000	+17%	425255619225.000	+10%	424691473800.000	+11%
Usd Total Gains Per Share	-	-	147.328	209.686	-30%	11.326	+1201%	41.032	+259%	158.793	-7%
	EOD	+3 -2	MRQ	TTM	+18 -24	YOY	+30 -12	5Y	+27 -15	10Y	+23 -19

3.2. Fundamental Score

Let's check the fundamental score of Kawasaki Heavy Industries Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	0.113
Price to Book Ratio (EOD)	Between	0-1	0.006
Net Profit Margin (MRQ)	Greater than	0	0.066
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.379
Current Ratio (MRQ)	Greater than	1	1.206
Debt to Asset Ratio (MRQ)	Less than	1	0.763
Debt to Equity Ratio (MRQ)	Less than	1	3.326
Return on Equity (MRQ)	Greater than	0.15	0.051
Return on Assets (MRQ)	Greater than	0.05	0.012
Total			5/10 (50.0%)

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 Kawasaki Heavy Industries Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.349
Ma 20	Greater than	Ma 50	19.421
Ma 50	Greater than	Ma 100	19.498
Ma 100	Greater than	Ma 200	19.945
Open	Greater than	Close	19.325
Total			1/5 (20.0%)

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 2022-12-31. Currency in EUR. All numbers in thousands.

Summary

Total Assets	2,436,446,000
Total Liabilities	1,859,147,000
Total Stockholder Equity	558,902,000

	As reported
Total Liabilities	1,859,147,000
Total Stockholder Equity	+ 558,902,000
Total Assets	= 2,436,446,000

Assets

Total Assets	2,436,446,000
Total Current Assets	1,570,091,000
Long-term Assets	1,570,091,000

Total Current Assets

Total Current Assets (as reported)	1,570,091,000
Cash And Cash Equivalents	87,998,000
Short-term Investments	14,582,000
Net Receivables	479,121,000
Inventory	729,479,000
Other Current Assets	117,357,000
Total Current Assets (calculated)	1,428,537,000
+/-	141,554,000

Long-term Assets

Long-term Assets (as reported)	866,354,000
Intangible Assets	62,295,000
Long-term Assets Other	44,699,000
Long-term Assets (calculated)	106,994,000
+/-	759,360,000

Liabilities & Shareholders' Equity

Total Current Liabilities	1,302,118,000
Long-term Liabilities	557,029,000
Total Stockholder Equity	558,902,000

Total Current Liabilities

Total Current Liabilities (as reported)	1,302,118,000
Accounts payable	433,134,000
Other Current Liabilities	149,541,000
Total Current Liabilities (calculated)	582,675,000
+/-	719,443,000

Long-term Liabilities

Long-term Liabilities (as reported)	557,029,000
Long-term Liabilities Other	13,581,000
Long-term Liabilities (calculated)	13,581,000
+/-	543,448,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	558,902,000
Retained Earnings	365,304,000
Total Stockholder Equity (calculated)	365,304,000
+/-	193,598,000

Other

Capital Stock	104,484,000
Common Stock Shares Outstanding	167,881
Net Invested Capital	558,902,000
Net Working Capital	267,973,000

Balance Sheet

Currency in EUR. All numbers in thousands.

Trend

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

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

> Total Assets

1,687,363,000
1,731,972,000
1,795,393,000
1,903,409,000
1,785,028,000
1,847,870,000
1,900,544,000
2,001,345,000
1,838,855,000
1,911,544,000
1,949,784,000
2,053,540,000
1,957,845,000
2,013,273,000
1,978,868,000
2,041,646,000
1,963,276,000
1,953,865,000
1,939,967,000
2,045,689,000
2,022,748,000
2,246,868,000
2,331,827,000
2,436,446,000

2,436,446,000

2,331,827,000

2,246,868,000

2,022,748,000

2,045,689,000

1,939,967,000

1,953,865,000

1,963,276,000

2,041,646,000

1,978,868,000

2,013,273,000

1,957,845,000

2,053,540,000

1,949,784,000

1,911,544,000

1,838,855,000

2,001,345,000

1,900,544,000

1,847,870,000

1,785,028,000

1,903,409,000

1,795,393,000

1,731,972,000

1,687,363,000

> Total Current Assets

1,077,835,000
1,119,160,000
1,168,868,000
1,270,395,000
1,148,322,000
1,183,871,000
1,233,543,000
1,335,372,000
1,136,340,000
1,204,908,000
1,246,447,000
1,351,697,000
1,258,781,000
1,318,873,000
1,300,985,000
1,363,698,000
1,285,407,000
1,227,338,000
1,220,856,000
1,334,395,000
1,297,781,000
1,382,008,000
1,459,868,000
1,570,091,000

1,570,091,000

1,459,868,000

1,382,008,000

1,297,781,000

1,334,395,000

1,220,856,000

1,227,338,000

1,285,407,000

1,363,698,000

1,300,985,000

1,318,873,000

1,258,781,000

1,351,697,000

1,246,447,000

1,204,908,000

1,136,340,000

1,335,372,000

1,233,543,000

1,183,871,000

1,148,322,000

1,270,395,000

1,168,868,000

1,119,160,000

1,077,835,000

Cash And Cash Equivalents

55,388,000
48,261,000
45,442,000
50,406,000
70,632,000
58,055,000
57,414,000
50,161,000
74,311,000
44,433,000
41,736,000
74,408,000
106,108,000
171,686,000
153,188,000
137,326,000
126,702,000
122,051,000
60,590,000
75,250,000
114,469,000
78,495,000
83,043,000
87,998,000

87,998,000

83,043,000

78,495,000

114,469,000

75,250,000

60,590,000

122,051,000

126,702,000

137,326,000

153,188,000

171,686,000

106,108,000

74,408,000

41,736,000

44,433,000

74,311,000

50,161,000

57,414,000

58,055,000

70,632,000

50,406,000

45,442,000

48,261,000

55,388,000

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,575,000
8,734,000
14,582,000

14,582,000

8,734,000

12,575,000

Net Receivables

442,040,000
443,243,000
486,942,000
549,894,000
467,863,000
479,927,000
487,596,000
559,722,000
427,665,000
467,593,000
520,325,000
544,163,000
469,837,000
426,844,000
431,587,000
473,952,000
456,847,000
406,373,000
402,304,000
443,758,000
414,717,000
408,247,000
430,640,000
479,121,000

479,121,000

430,640,000

408,247,000

414,717,000

443,758,000

402,304,000

406,373,000

456,847,000

473,952,000

431,587,000

426,844,000

469,837,000

544,163,000

520,325,000

467,593,000

427,665,000

559,722,000

487,596,000

479,927,000

467,863,000

549,894,000

486,942,000

443,243,000

442,040,000

Inventory

484,860,000
504,389,000
518,548,000
558,762,000
504,737,000
560,779,000
606,584,000
639,037,000
592,821,000
631,819,000
626,743,000
666,803,000
631,657,000
658,376,000
659,360,000
684,250,000
658,542,000
621,218,000
655,072,000
696,691,000
658,683,000
661,022,000
702,408,000
729,479,000

729,479,000

702,408,000

661,022,000

658,683,000

696,691,000

655,072,000

621,218,000

658,542,000

684,250,000

659,360,000

658,376,000

631,657,000

666,803,000

626,743,000

631,819,000

592,821,000

639,037,000

606,584,000

560,779,000

504,737,000

558,762,000

518,548,000

504,389,000

484,860,000

Other Current Assets

95,547,000
123,267,000
117,936,000
111,333,000
105,090,000
85,110,000
81,949,000
86,452,000
41,543,000
61,063,000
57,643,000
66,323,000
51,179,000
61,967,000
56,850,000
68,170,000
43,316,000
77,696,000
102,890,000
118,696,000
109,912,000
221,669,000
235,043,000
117,357,000

117,357,000

235,043,000

221,669,000

109,912,000

118,696,000

102,890,000

77,696,000

43,316,000

68,170,000

56,850,000

61,967,000

51,179,000

66,323,000

57,643,000

61,063,000

41,543,000

86,452,000

81,949,000

85,110,000

105,090,000

111,333,000

117,936,000

123,267,000

95,547,000

> Long-term Assets

0
0
0
0
0
0
0
0
702,513,000
706,636,000
703,335,000
701,842,000
699,061,000
694,398,000
677,882,000
677,947,000
677,865,000
726,526,000
719,110,000
711,293,000
724,965,000
864,860,000
871,958,000
866,354,000

866,354,000

871,958,000

864,860,000

724,965,000

711,293,000

719,110,000

726,526,000

677,865,000

677,947,000

677,882,000

694,398,000

699,061,000

701,842,000

703,335,000

706,636,000

702,513,000

Property Plant Equipment

461,881,000
464,478,000
475,083,000
478,950,000
479,797,000
482,928,000
483,362,000
483,367,000
485,669,000
486,591,000
485,876,000
484,774,000
482,570,000
471,869,000
466,128,000
463,264,000
451,259,000
446,866,000
445,085,000
442,060,000
444,262,000
506,852,000
510,395,000
0

510,395,000

506,852,000

444,262,000

442,060,000

445,085,000

446,866,000

451,259,000

463,264,000

466,128,000

471,869,000

482,570,000

484,774,000

485,876,000

486,591,000

485,669,000

483,367,000

483,362,000

482,928,000

479,797,000

478,950,000

475,083,000

464,478,000

461,881,000

Long Term Investments

95,562,000
133,397,000
135,873,000
138,589,000
103,644,000
164,874,000
167,512,000
166,363,000
129,869,000
202,200,000
198,722,000
198,091,000
0
0
0
0
0
0
0
0
0
0
0
0

198,091,000

198,722,000

202,200,000

129,869,000

166,363,000

167,512,000

164,874,000

103,644,000

138,589,000

135,873,000

133,397,000

95,562,000

Intangible Assets

15,284,000
14,935,000
15,567,000
15,473,000
16,178,000
16,196,000
16,124,000
16,241,000
16,797,000
17,845,000
18,737,000
18,977,000
0
0
0
0
0
0
0
0
0
61,602,000
61,986,000
62,295,000

62,295,000

61,986,000

61,602,000

18,977,000

18,737,000

17,845,000

16,797,000

16,241,000

16,124,000

16,196,000

16,178,000

15,473,000

15,567,000

14,935,000

15,284,000

Long-term Assets Other

0
0
0
0
0
0
0
0
115,274,000
202,200,000
198,722,000
198,091,000
112,365,000
200,540,000
189,506,000
192,591,000
120,851,000
257,561,000
251,912,000
247,138,000
156,302,000
46,196,000
45,174,000
44,699,000

44,699,000

45,174,000

46,196,000

156,302,000

247,138,000

251,912,000

257,561,000

120,851,000

192,591,000

189,506,000

200,540,000

112,365,000

198,091,000

198,722,000

202,200,000

115,274,000

> Total Liabilities

1,236,036,000
1,281,222,000
1,339,143,000
1,436,886,000
1,303,643,000
1,370,321,000
1,427,975,000
1,520,088,000
1,346,594,000
1,436,832,000
1,476,604,000
1,578,528,000
1,486,284,000
1,555,717,000
1,537,633,000
1,585,014,000
1,480,502,000
1,497,680,000
1,487,810,000
1,588,172,000
1,524,227,000
1,709,042,000
1,772,883,000
1,859,147,000

1,859,147,000

1,772,883,000

1,709,042,000

1,524,227,000

1,588,172,000

1,487,810,000

1,497,680,000

1,480,502,000

1,585,014,000

1,537,633,000

1,555,717,000

1,486,284,000

1,578,528,000

1,476,604,000

1,436,832,000

1,346,594,000

1,520,088,000

1,427,975,000

1,370,321,000

1,303,643,000

1,436,886,000

1,339,143,000

1,281,222,000

1,236,036,000

> Total Current Liabilities

843,441,000
888,360,000
879,615,000
991,732,000
869,643,000
922,877,000
975,694,000
1,058,484,000
864,280,000
957,604,000
986,313,000
1,088,316,000
947,726,000
936,195,000
953,524,000
1,001,729,000
917,555,000
938,658,000
937,503,000
1,041,656,000
987,328,000
1,154,032,000
1,213,316,000
1,302,118,000

1,302,118,000

1,213,316,000

1,154,032,000

987,328,000

1,041,656,000

937,503,000

938,658,000

917,555,000

1,001,729,000

953,524,000

936,195,000

947,726,000

1,088,316,000

986,313,000

957,604,000

864,280,000

1,058,484,000

975,694,000

922,877,000

869,643,000

991,732,000

879,615,000

888,360,000

843,441,000

Short-term Debt

400,690,000
406,068,000
448,383,000
506,204,000
20,000,000
433,175,000
0
0
110,023,000
140,529,000
187,295,000
283,420,000
0
0
0
0
0
0
0
0
0
0
0
0

283,420,000

187,295,000

140,529,000

110,023,000

433,175,000

20,000,000

506,204,000

448,383,000

406,068,000

400,690,000

Short Long Term Debt

400,690,000
406,068,000
448,383,000
506,204,000
20,000,000
433,175,000
0
0
110,023,000
140,529,000
187,295,000
283,420,000
186,188,000
191,664,000
181,698,000
183,605,000
171,579,000
138,279,000
177,461,000
178,077,000
116,108,000
0
0
0

116,108,000

178,077,000

177,461,000

138,279,000

171,579,000

183,605,000

181,698,000

191,664,000

186,188,000

283,420,000

187,295,000

140,529,000

110,023,000

433,175,000

20,000,000

506,204,000

448,383,000

406,068,000

400,690,000

Accounts payable

342,021,000
309,101,000
331,376,000
345,145,000
363,170,000
335,853,000
335,455,000
345,202,000
247,191,000
210,560,000
217,756,000
338,426,000
371,685,000
307,374,000
303,916,000
333,942,000
355,143,000
314,813,000
301,482,000
316,524,000
344,312,000
378,096,000
397,886,000
433,134,000

433,134,000

397,886,000

378,096,000

344,312,000

316,524,000

301,482,000

314,813,000

355,143,000

333,942,000

303,916,000

307,374,000

371,685,000

338,426,000

217,756,000

210,560,000

247,191,000

345,202,000

335,455,000

335,853,000

363,170,000

345,145,000

331,376,000

309,101,000

342,021,000

Other Current Liabilities

359,484,000
428,418,000
423,440,000
455,062,000
357,309,000
443,526,000
487,176,000
469,846,000
253,065,000
356,589,000
364,854,000
455,875,000
366,279,000
412,396,000
449,546,000
474,983,000
371,533,000
466,219,000
441,733,000
537,492,000
501,795,000
451,424,000
452,225,000
149,541,000

149,541,000

452,225,000

451,424,000

501,795,000

537,492,000

441,733,000

466,219,000

371,533,000

474,983,000

449,546,000

412,396,000

366,279,000

455,875,000

364,854,000

356,589,000

253,065,000

469,846,000

487,176,000

443,526,000

357,309,000

455,062,000

423,440,000

428,418,000

359,484,000

> Long-term Liabilities

0
0
0
0
0
0
0
0
482,314,000
479,228,000
490,291,000
490,212,000
538,558,000
619,522,000
584,109,000
583,285,000
562,947,000
559,022,000
550,307,000
546,516,000
536,899,000
555,010,000
559,567,000
557,029,000

557,029,000

559,567,000

555,010,000

536,899,000

546,516,000

550,307,000

559,022,000

562,947,000

583,285,000

584,109,000

619,522,000

538,558,000

490,212,000

490,291,000

479,228,000

482,314,000

Capital Lease Obligations

0
0
0
0
0
0
0
0
1,832,000
0
0
0
2,415,000
0
0
0
10,593,000
0
0
0
11,074,000
0
0
0

11,074,000

10,593,000

2,415,000

1,832,000

Long-term Liabilities Other

0
0
0
0
0
0
0
0
43,570,000
44,782,000
43,995,000
42,299,000
42,495,000
55,393,000
53,279,000
51,118,000
41,673,000
53,146,000
52,659,000
52,163,000
41,253,000
14,034,000
14,476,000
13,581,000

13,581,000

14,476,000

14,034,000

41,253,000

52,163,000

52,659,000

53,146,000

41,673,000

51,118,000

53,279,000

55,393,000

42,495,000

42,299,000

43,995,000

44,782,000

43,570,000

> Total Stockholder Equity

437,247,000
436,539,000
441,746,000
451,100,000
466,061,000
462,699,000
456,913,000
464,616,000
476,387,000
459,144,000
457,535,000
459,063,000
455,627,000
442,169,000
425,490,000
440,032,000
465,332,000
438,431,000
433,968,000
438,671,000
479,179,000
519,800,000
540,434,000
558,902,000

558,902,000

540,434,000

519,800,000

479,179,000

438,671,000

433,968,000

438,431,000

465,332,000

440,032,000

425,490,000

442,169,000

455,627,000

459,063,000

457,535,000

459,144,000

476,387,000

464,616,000

456,913,000

462,699,000

466,061,000

451,100,000

441,746,000

436,539,000

437,247,000

Common Stock

104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
104,484,000
0

104,484,000

Retained Earnings

287,448,000
287,385,000
289,949,000
293,616,000
308,010,000
305,560,000
299,406,000
308,538,000
324,606,000
305,561,000
310,077,000
312,726,000
326,626,000
314,854,000
299,359,000
311,888,000
306,576,000
276,806,000
271,454,000
270,876,000
285,381,000
323,272,000
341,748,000
365,304,000

365,304,000

341,748,000

323,272,000

285,381,000

270,876,000

271,454,000

276,806,000

306,576,000

311,888,000

299,359,000

314,854,000

326,626,000

312,726,000

310,077,000

305,561,000

324,606,000

308,538,000

299,406,000

305,560,000

308,010,000

293,616,000

289,949,000

287,385,000

287,448,000

Accumulated Other Comprehensive Income

Capital Surplus

Treasury Stock

Balance Sheet

Currency in EUR. All numbers in thousands.

	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31
Accounts Payable	344,312,000	355,143,000	371,685,000	370,274,000	363,170,000	342,021,000	233,979,000	253,907,000
Capital Lease Obligations	11,074,000	10,593,000	2,415,000	1,832,000	1,980,000	1,742,000	-	-
Capital Stock	104,484,000	104,484,000	104,484,000	104,484,000	-	-	-	-
Cash	114,469,000	126,702,000	106,108,000	74,311,000	70,632,000	55,388,000	42,157,000	51,645,000
Common Stock	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000
Common Stock Shares Outstanding	167,473	167,043	167,045	167,046	167,048	167,055	-	-
Intangible Assets	-	-	-	16,797,000	16,178,000	15,284,000	15,475,000	16,409,000
Inventory	658,683,000	658,542,000	631,657,000	592,821,000	504,737,000	484,860,000	492,965,000	498,652,000
Long Term Debt	374,297,000	389,177,000	348,859,000	327,568,000	315,685,000	277,492,000	280,811,000	269,750,000
Long Term Investments	-	-	-	129,869,000	103,644,000	95,562,000	89,222,000	95,702,000
Net Debt	375,936,000	434,054,000	428,939,000	363,280,000	374,031,000	-	-	-
Net Invested Capital	969,584,000	1,026,088,000	990,674,000	913,978,000	910,723,000	-	-	-
Net Receivables	414,717,000	456,847,000	469,837,000	423,873,000	467,863,000	442,040,000	396,750,000	436,832,000
Net Tangible Assets	455,766,000	442,906,000	434,270,000	459,590,000	449,883,000	421,963,000	415,893,000	415,587,000
Net Working Capital	310,453,000	367,852,000	311,055,000	272,060,000	278,679,000	-	-	-
Non Current Assets Total	724,965,000	677,865,000	699,061,000	702,513,000	636,703,000	609,525,000	-	-
Non Current Liabilities Other	41,253,000	41,673,000	42,495,000	43,570,000	20,841,000	21,783,000	-	-
Non Current Liabilities Total	536,899,000	562,947,000	538,558,000	482,314,000	434,001,000	392,596,000	-	-
Non Currrent Assets Other	156,302,000	120,851,000	112,365,000	115,274,000	88,756,000	81,557,000	-	-
Other Assets	86,250,000	70,455,000	70,600,000	70,180,000	37,087,000	36,801,000	61,300,000	56,555,000
Other Current Assets	109,912,000	43,316,000	51,179,000	45,335,000	105,090,000	95,547,000	86,031,000	85,934,000
Other Current Liab	501,795,000	371,533,000	366,279,000	362,496,000	357,309,000	359,484,000	392,547,000	401,662,000
Other Liab	152,703,000	164,237,000	188,825,000	153,233,000	116,618,000	113,553,000	124,745,000	117,941,000
Other Stockholder Equity	34,917,000	-133,000	-29,891,000	-7,115,000	-882,000	-8,982,000	-7,051,000	19,580,000
Property Plant Equipment	444,262,000	451,259,000	482,570,000	485,669,000	479,797,000	461,881,000	436,558,000	420,554,000
Retained Earnings	285,381,000	306,576,000	326,626,000	324,606,000	308,010,000	287,448,000	279,627,000	253,606,000
Short Long Term Debt	116,108,000	171,579,000	186,188,000	110,023,000	128,978,000	121,456,000	27,846,000	45,212,000
Short Term Debt	-	-	-	110,023,000	128,978,000	121,456,000	27,846,000	45,212,000
Total Assets	2,022,748,000	1,963,276,000	1,957,845,000	1,838,855,000	1,785,028,000	1,687,363,000	1,620,458,000	1,662,283,000
Total Current Assets	1,297,781,000	1,285,407,000	1,258,781,000	1,136,340,000	1,148,322,000	1,077,835,000	1,017,903,000	1,073,063,000
Total Current Liabilities	987,328,000	917,555,000	947,726,000	864,280,000	869,643,000	843,441,000	767,711,000	824,624,000
Total Liab	1,524,227,000	1,480,502,000	1,486,284,000	1,346,594,000	1,303,644,000	1,236,037,000	1,174,833,000	1,214,326,000
Total Stockholder Equity	479,179,000	465,332,000	455,627,000	476,387,000	466,060,000	437,246,000	431,368,000	431,996,000

	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31
Accounts Payable	433,134,000	397,886,000	378,096,000	344,312,000	316,524,000	301,482,000	314,813,000	355,143,000	333,942,000	303,916,000	307,374,000	371,685,000	338,426,000	217,756,000	210,560,000	247,191,000	345,202,000	335,455,000	335,853,000	363,170,000	345,145,000	331,376,000	309,101,000	342,021,000
Capital Lease Obligations	-	-	-	11,074,000	-	-	-	10,593,000	-	-	-	2,415,000	-	-	-	1,832,000	-	-	-	-	-	-	-	-
Capital Stock	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	87,998,000	83,043,000	78,495,000	114,469,000	75,250,000	60,590,000	122,051,000	126,702,000	137,326,000	153,188,000	171,686,000	106,108,000	74,408,000	41,736,000	44,433,000	74,311,000	50,161,000	57,414,000	58,055,000	70,632,000	50,406,000	45,442,000	48,261,000	55,388,000
Common Stock	-	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000	104,484,000
Common Stock Shares Outstanding	167,881	167,472	167,472	167,473	167,882	167,883	167,042	167,043	167,073	167,043	167,044	167,045	167,045	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	62,295,000	61,986,000	61,602,000	-	-	-	-	-	-	-	-	-	18,977,000	18,737,000	17,845,000	16,797,000	16,241,000	16,124,000	16,196,000	16,178,000	15,473,000	15,567,000	14,935,000	15,284,000
Inventory	729,479,000	702,408,000	661,022,000	658,683,000	696,691,000	655,072,000	621,218,000	658,542,000	684,250,000	659,360,000	658,376,000	631,657,000	666,803,000	626,743,000	631,819,000	592,821,000	639,037,000	606,584,000	560,779,000	504,737,000	558,762,000	518,548,000	504,389,000	484,860,000
Long Term Debt	-	-	-	374,297,000	371,749,000	375,256,000	385,214,000	389,177,000	386,258,000	386,758,000	418,859,000	348,859,000	331,940,000	335,959,000	327,086,000	327,568,000	317,312,000	305,807,000	311,419,000	315,685,000	324,895,000	340,400,000	277,492,000	277,492,000
Long Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	198,091,000	198,722,000	202,200,000	129,869,000	166,363,000	167,512,000	164,874,000	103,644,000	138,589,000	135,873,000	133,397,000	95,562,000
Net Debt	-	-	-	375,936,000	474,576,000	492,127,000	401,442,000	434,054,000	432,537,000	415,268,000	438,837,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	558,902,000	540,434,000	519,800,000	969,584,000	988,497,000	986,685,000	961,924,000	1,026,088,000	1,009,895,000	993,946,000	1,052,692,000	990,674,000	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	479,121,000	430,640,000	408,247,000	414,717,000	443,758,000	402,304,000	406,373,000	456,847,000	473,952,000	431,587,000	426,844,000	469,837,000	544,163,000	520,325,000	467,593,000	427,665,000	559,722,000	487,596,000	479,927,000	467,863,000	549,894,000	486,942,000	443,243,000	442,040,000
Net Tangible Assets	-	478,448,000	458,198,000	455,766,000	416,576,000	411,856,000	416,333,000	442,906,000	417,940,000	403,242,000	420,181,000	434,270,000	440,087,000	438,799,000	441,299,000	459,590,000	448,375,000	440,789,000	446,503,000	449,883,000	435,627,000	426,179,000	421,604,000	421,963,000
Net Working Capital	267,973,000	246,552,000	227,976,000	310,453,000	292,739,000	283,353,000	288,680,000	367,852,000	361,969,000	347,461,000	382,678,000	311,055,000	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	866,354,000	871,958,000	864,860,000	724,965,000	711,293,000	719,110,000	726,526,000	677,865,000	677,947,000	677,882,000	694,398,000	699,061,000	701,842,000	703,335,000	706,636,000	702,513,000	-	-	-	-	-	-	-	-
Non Current Liabilities Other	13,581,000	14,476,000	14,034,000	41,253,000	52,163,000	52,659,000	53,146,000	41,673,000	51,118,000	53,279,000	55,393,000	42,495,000	42,299,000	43,995,000	44,782,000	43,570,000	-	-	-	-	-	-	-	-
Non Current Liabilities Total	557,029,000	559,567,000	555,010,000	536,899,000	546,516,000	550,307,000	559,022,000	562,947,000	583,285,000	584,109,000	619,522,000	538,558,000	490,212,000	490,291,000	479,228,000	482,314,000	-	-	-	-	-	-	-	-
Non Currrent Assets Other	44,699,000	45,174,000	46,196,000	156,302,000	247,138,000	251,912,000	257,561,000	120,851,000	192,591,000	189,506,000	200,540,000	112,365,000	198,091,000	198,722,000	202,200,000	115,274,000	-	-	-	-	-	-	-	-
Other Assets	-	104,228,000	101,923,000	86,250,000	2,000	2,000	2,000	70,455,000	2,000	1,000	2,000	70,600,000	1,000	2,000	-	70,180,000	2,000	3,000	1,000	37,087,000	2,000	2,000	2,000	36,801,000
Other Current Assets	117,357,000	235,043,000	221,669,000	109,912,000	118,696,000	102,890,000	77,696,000	43,316,000	68,170,000	56,850,000	61,967,000	51,179,000	66,323,000	57,643,000	61,063,000	41,543,000	86,452,000	81,949,000	85,110,000	105,090,000	111,333,000	117,936,000	123,267,000	95,547,000
Other Current Liab	149,541,000	452,225,000	451,424,000	501,795,000	537,492,000	441,733,000	466,219,000	371,533,000	474,983,000	449,546,000	412,396,000	366,279,000	455,875,000	364,854,000	356,589,000	253,065,000	469,846,000	487,176,000	443,526,000	357,309,000	455,062,000	423,440,000	428,418,000	359,484,000
Other Liab	-	126,865,000	125,275,000	152,703,000	174,767,000	175,050,000	173,807,000	164,237,000	197,027,000	197,351,000	200,662,000	188,825,000	158,271,000	154,331,000	152,142,000	153,233,000	144,292,000	146,474,000	136,025,000	116,618,000	120,259,000	119,128,000	115,370,000	113,553,000
Other Stockholder Equity	-	39,599,000	37,648,000	34,917,000	8,911,000	3,666,000	2,737,000	-133,000	-30,748,000	-32,761,000	-31,577,000	-29,891,000	-12,555,000	-11,436,000	-5,313,000	-7,115,000	-2,820,000	-1,392,000	-1,792,000	-882,000	-1,453,000	-6,980,000	-9,626,000	-8,982,000
Property Plant Equipment	-	510,395,000	506,852,000	444,262,000	442,060,000	445,085,000	446,866,000	451,259,000	463,264,000	466,128,000	471,869,000	482,570,000	484,774,000	485,876,000	486,591,000	485,669,000	483,367,000	483,362,000	482,928,000	479,797,000	478,950,000	475,083,000	464,478,000	461,881,000
Retained Earnings	365,304,000	341,748,000	323,272,000	285,381,000	270,876,000	271,454,000	276,806,000	306,576,000	311,888,000	299,359,000	314,854,000	326,626,000	312,726,000	310,077,000	305,561,000	324,606,000	308,538,000	299,406,000	305,560,000	308,010,000	293,616,000	289,949,000	287,385,000	287,448,000
Short Long Term Debt	-	-	-	116,108,000	178,077,000	177,461,000	138,279,000	171,579,000	183,605,000	181,698,000	191,664,000	186,188,000	283,420,000	187,295,000	140,529,000	110,023,000	-	-	433,175,000	20,000,000	506,204,000	448,383,000	406,068,000	400,690,000
Short Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	283,420,000	187,295,000	140,529,000	110,023,000	-	-	433,175,000	20,000,000	506,204,000	448,383,000	406,068,000	400,690,000
Short Term Investments	14,582,000	8,734,000	12,575,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	2,436,446,000	2,331,827,000	2,246,868,000	2,022,748,000	2,045,689,000	1,939,967,000	1,953,865,000	1,963,276,000	2,041,646,000	1,978,868,000	2,013,273,000	1,957,845,000	2,053,540,000	1,949,784,000	1,911,544,000	1,838,855,000	2,001,345,000	1,900,544,000	1,847,870,000	1,785,028,000	1,903,409,000	1,795,393,000	1,731,972,000	1,687,363,000
Total Current Assets	1,570,091,000	1,459,868,000	1,382,008,000	1,297,781,000	1,334,395,000	1,220,856,000	1,227,338,000	1,285,407,000	1,363,698,000	1,300,985,000	1,318,873,000	1,258,781,000	1,351,697,000	1,246,447,000	1,204,908,000	1,136,340,000	1,335,372,000	1,233,543,000	1,183,871,000	1,148,322,000	1,270,395,000	1,168,868,000	1,119,160,000	1,077,835,000
Total Current Liabilities	1,302,118,000	1,213,316,000	1,154,032,000	987,328,000	1,041,656,000	937,503,000	938,658,000	917,555,000	1,001,729,000	953,524,000	936,195,000	947,726,000	1,088,316,000	986,313,000	957,604,000	864,280,000	1,058,484,000	975,694,000	922,877,000	869,643,000	991,732,000	879,615,000	888,360,000	843,441,000
Total Liab	1,859,147,000	1,772,883,000	1,709,042,000	1,524,227,000	1,588,172,000	1,487,810,000	1,497,680,000	1,480,502,000	1,585,014,000	1,537,633,000	1,555,717,000	1,486,284,000	1,578,528,000	1,476,604,000	1,436,832,000	1,346,594,000	1,520,088,000	1,427,975,000	1,370,321,000	1,303,643,000	1,436,886,000	1,339,143,000	1,281,222,000	1,236,036,000
Total Stockholder Equity	558,902,000	540,434,000	519,800,000	479,179,000	438,671,000	433,968,000	438,431,000	465,332,000	440,032,000	425,490,000	442,169,000	455,627,000	459,063,000	457,535,000	459,144,000	476,387,000	464,616,000	456,913,000	462,699,000	466,061,000	451,100,000	441,746,000	436,539,000	437,247,000

Cash Flow

Currency in EUR. All numbers in thousands.

	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Begin Period Cash Flow	122,166,000	102,546,000	68,311,000	64,362,000	50,722,000	37,832,000	-	-	-
Capital Expenditures	62,399,000	51,692,000	71,947,000	82,836,000	82,238,000	69,341,000	75,565,000	73,917,000	77,396,000
Change In Cash	-13,654,000	19,619,000	34,234,000	3,949,000	13,640,000	12,889,000	-9,889,000	2,290,000	8,460,000
Change In Working Capital	51,443,000	-10,417,000	-109,696,000	21,826,000	-32,799,000	-	-	-	-
Change To Account Receivables	25,995,000	23,267,000	-46,753,000	58,985,000	-35,516,000	-64,605,000	-7,657,000	630,000	17,750,000
Change To Inventory	-39,039,000	-26,374,000	-48,068,000	-65,383,000	-26,443,000	7,453,000	-19,719,000	-22,583,000	-1,295,000
Change To Liabilities	-15,067,000	-16,784,000	2,401,000	6,829,000	21,569,000	20,743,000	-5,441,000	28,933,000	20,059,000
Change To Netincome	1,751,000	4,018,000	-14,758,000	-10,139,000	-12,331,000	-16,911,000	20,221,000	5,380,000	755,000
Change To Operating Activities	79,084,000	3,904,000	-8,889,000	22,587,000	19,635,000	56,397,000	3,608,000	19,080,000	38,013,000
Depreciation	60,853,000	61,258,000	61,283,000	59,022,000	56,137,000	51,564,000	49,004,000	44,572,000	37,838,000
Dividends Paid	3,384,000	59,000	11,710,000	10,868,000	8,375,000	18,351,000	20,022,000	15,675,000	8,363,000
End Period Cash Flow	108,511,000	122,166,000	102,546,000	68,311,000	64,362,000	50,722,000	37,832,000	-	-
Free Cash Flow	82,031,000	-17,091,000	-87,408,000	26,926,000	-26,188,000	-	-	-	-
Investments	3,603,000	365,000	297,000	-36,000	-170,000	633,000	-176,000	-292,000	1,501,000
Net Borrowings	-95,743,000	16,604,000	129,168,000	-6,803,000	48,032,000	3,945,000	-1,871,000	-40,364,000	-52,458,000
Net Income	21,801,000	-19,332,000	18,662,000	27,453,000	28,915,000	26,204,000	46,043,000	51,639,000	38,601,000
Other Cashflows From Financing Activities	-3,218,000	6,548,000	-1,655,000	-2,100,000	-1,887,000	-1,444,000	-1,487,000	-1,069,000	-1,667,000
Other Cashflows From Investing Activities	225,000	-1,551,000	1,562,000	741,000	-1,226,000	-1,524,000	466,000	689,000	154,000
Other Non Cash Items	956,000	-1,780,000	9,619,000	4,619,000	14,838,000	-	-	-	-
Total Cash From Financing Activities	-102,345,000	23,093,000	115,803,000	-19,771,000	37,770,000	-15,850,000	-23,400,000	-57,133,000	-62,505,000
Total Cash From Operating Activities	144,430,000	34,601,000	-15,461,000	109,762,000	56,050,000	93,514,000	86,059,000	127,651,000	151,721,000
Total Cashflows From Investing Activities	-52,537,000	-37,392,000	-69,401,000	-85,344,000	-80,590,000	-64,879,000	-74,185,000	-67,397,000	-77,559,000

	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31
Begin Period Cash Flow	83,043,000	78,495,000	108,511,000	68,658,000	54,769,000	117,064,000	122,166,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	14,756,000	10,678,000	13,315,000	13,315,000	13,315,000	13,315,000	14,020,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	4,954,000	4,548,000	-30,015,000	-30,015,000	-30,015,000	-30,015,000	-5,101,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change In Working Capital	-74,754,000	-50,727,000	-57,178,000	247,567,000	-59,265,000	-84,528,000	-52,331,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	-	-19,477,000	23,667,000	23,667,000	23,667,000	23,667,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Inventory	-46,817,000	-31,534,000	-27,732,000	-27,732,000	-27,732,000	-27,732,000	-16,129,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Liabilities	-	14,718,000	-25,523,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	-	-3,913,000	-7,298,000	-7,298,000	-7,298,000	-7,298,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-	-5,043,000	-49,908,000	-49,908,000	-49,908,000	-49,908,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	18,402,000	18,573,000	19,005,000	19,005,000	19,005,000	19,005,000	18,682,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4,631,000	269,000	3,082,000	3,082,000	3,082,000	3,082,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
End Period Cash Flow	87,998,000	83,043,000	78,495,000	108,511,000	68,658,000	54,769,000	117,064,000	122,166,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	-57,842,000	-18,715,000	-75,310,000	260,059,000	-52,849,000	-81,584,000	-43,595,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	-17,817,000	-11,414,000	-24,035,000	-6,086,000	-18,266,000	-14,608,000	-13,577,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-	21,386,000	80,208,000	80,208,000	80,208,000	80,208,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	28,749,000	18,305,000	5,457,000	14,505,000	2,783,000	-5,356,000	9,869,000	-5,363,000	13,298,000	-15,496,000	-11,771,000	13,900,000	8,495,000	4,516,000	-8,249,000	16,068,000	14,977,000	-6,153,000	2,561,000	14,395,000	3,667,000	7,575,000	3,278,000	8,230,000
Other Cashflows From Financing Activities	-	7,327,000	-14,357,000	-14,357,000	-14,357,000	-14,357,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cashflows From Investing Activities	-	-1,134,000	-3,097,000	-3,097,000	-3,097,000	-3,097,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non Cash Items	-14,915,000	3,818,000	-26,407,000	23,389,000	-25,981,000	11,481,000	-7,933,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale Purchase Of Stock	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-	28,444,000	62,769,000	62,769,000	62,769,000	62,769,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Operating Activities	-43,086,000	-8,037,000	-61,995,000	-61,995,000	-61,995,000	-61,995,000	-29,575,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cashflows From Investing Activities	-	-11,414,000	-24,035,000	-24,035,000	-24,035,000	-24,035,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Income Statement

Currency in EUR. All numbers in thousands.

	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Cost Of Revenue	1,244,300,000	1,297,324,000	1,370,809,000	1,326,668,000	1,319,715,000	1,278,906,000	1,253,691,000	1,216,680,000	1,140,293,000
Ebit	45,807,000	-5,306,000	62,063,000	64,023,000	55,925,000	45,961,000	95,996,000	87,259,000	72,351,000
Ebitda	95,104,000	50,360,000	104,221,000	100,310,000	91,930,000	-	-	-	-
Gross Profit	256,578,000	191,162,000	270,526,000	268,075,000	254,527,000	239,923,000	287,405,000	269,443,000	245,189,000
Income Before Tax	30,853,000	-14,688,000	39,323,000	37,861,000	32,999,000	38,873,000	74,832,000	84,288,000	61,310,000
Income Tax Expense	6,867,000	2,798,000	19,046,000	8,022,000	1,652,000	10,948,000	27,154,000	30,343,000	20,312,000
Interest Expense	3,398,000	3,790,000	3,615,000	3,427,000	0	0	0	0	0
Interest Income	1,106,000	677,000	695,000	909,000	720,000	845,000	-	-	-
Minority Interest	-2,183,000	17,442,000	15,934,000	15,874,000	15,324,000	14,080,000	14,257,000	15,961,000	15,961,000
Net Income	21,801,000	-19,332,000	18,662,000	27,453,000	28,915,000	26,204,000	46,043,000	51,639,000	38,601,000
Net Income Applicable To Common Shares	21,801,000	-19,332,000	18,662,000	27,453,000	28,915,000	26,204,000	46,043,000	51,639,000	38,601,000
Net Income From Continuing Ops	23,986,000	-17,486,000	20,277,000	29,839,000	31,347,000	27,925,000	47,678,000	53,945,000	40,998,000
Net Interest Income	-2,292,000	-3,113,000	-2,920,000	-2,518,000	-2,074,000	-2,014,000	-	-	-
Operating Income	45,808,000	-5,305,000	62,064,000	64,025,000	55,926,000	45,962,000	95,996,000	87,259,000	72,351,000
Reconciled Depreciation	60,853,000	61,258,000	61,283,000	59,022,000	56,137,000	-	-	-	-
Research Development	47,098,000	44,949,000	52,608,000	48,734,000	45,434,000	43,627,000	43,627,000	43,627,000	43,627,000
Selling General Administrative	-	-	-	155,318,000	11,953,000	11,241,000	191,409,000	182,184,000	172,838,000
Tax Provision	6,867,000	2,798,000	19,046,000	8,022,000	1,652,000	10,948,000	-	-	-
Total Operating Expenses	1,455,070,000	1,493,791,000	1,579,271,000	1,530,718,000	1,518,316,000	1,472,867,000	1,445,100,000	1,398,864,000	1,313,131,000
Total Other Income Expense Net	-	-	-	-26,163,000	-22,927,000	-7,088,000	-21,164,000	-2,971,000	-11,041,000
Total Revenue	1,500,879,000	1,488,486,000	1,641,335,000	1,594,743,000	1,574,242,000	1,518,830,000	1,541,096,000	1,486,123,000	1,385,482,000

	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31
Cost Of Revenue	329,845,000	326,683,000	292,972,000	392,621,000	287,097,000	270,978,000	293,604,000	397,718,000	310,647,000	310,602,000	278,357,000	416,724,000	324,378,000	328,281,000	301,426,000	416,555,000	328,141,000	293,924,000	288,048,000	415,426,000	304,760,000	315,375,000	284,154,000	401,139,000
Ebit	-	25,867,000	3,962,000	6,786,000	18,615,000	5,239,000	15,167,000	-1,572,000	18,149,000	-1,222,000	-20,661,000	31,079,000	13,093,000	7,447,000	-3,480,000	18,918,000	28,395,000	1,352,000	7,103,000	11,280,000	28,529,000	11,207,000	4,909,000	23,085,000
Ebitda	68,454,000	45,910,000	31,110,000	9,056,000	10,979,000	-1,352,000	15,568,000	-14,627,000	19,159,000	-2,346,000	-13,084,000	25,878,000	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	106,738,000	82,717,000	57,372,000	69,526,000	70,552,000	54,473,000	62,027,000	58,285,000	64,511,000	46,122,000	22,244,000	89,167,000	74,502,000	57,506,000	49,351,000	83,606,000	78,335,000	50,398,000	55,737,000	66,447,000	77,888,000	59,017,000	51,175,000	74,639,000
Income Before Tax	36,180,000	25,341,000	10,605,000	8,211,000	10,146,000	-2,187,000	14,683,000	-15,499,000	18,196,000	-3,271,000	-14,114,000	25,050,000	12,166,000	6,498,000	-4,391,000	17,996,000	19,657,000	-8,342,000	8,549,000	5,834,000	12,050,000	9,682,000	5,432,000	13,663,000
Income Tax Expense	-	6,702,000	4,810,000	-6,723,000	6,656,000	2,602,000	4,332,000	-10,782,000	4,126,000	11,820,000	-2,366,000	10,630,000	3,294,000	1,544,000	3,578,000	1,301,000	3,781,000	-2,696,000	5,636,000	-9,198,000	7,600,000	1,501,000	1,749,000	4,870,000
Interest Expense	13,872,000	1,996,000	1,500,000	845,000	833,000	835,000	885,000	872,000	963,000	925,000	1,030,000	828,000	927,000	949,000	911,000	922,000	959,000	793,000	753,000	780,000	676,000	671,000	667,000	672,000
Interest Income	-	1,100,000	7,512,000	441,000	170,000	223,000	272,000	281,000	131,000	127,000	138,000	165,000	216,000	179,000	135,000	261,000	-	-	-	-	-	-	-	-
Minority Interest	-544,000	-333,000	-336,000	-429,000	-705,000	-568,000	17,754,000	17,442,000	16,600,000	15,745,000	15,387,000	15,934,000	15,949,000	15,645,000	15,568,000	15,874,000	16,641,000	15,656,000	14,850,000	15,324,000	15,423,000	14,504,000	14,211,000	14,080,000
Net Income	28,749,000	18,305,000	5,457,000	14,505,000	2,783,000	-5,356,000	9,869,000	-5,363,000	13,298,000	-15,496,000	-11,771,000	13,900,000	8,495,000	4,516,000	-8,249,000	16,068,000	14,977,000	-6,153,000	2,561,000	14,395,000	3,667,000	7,575,000	3,278,000	8,230,000
Net Income Applicable To Common Shares	-	18,305,000	5,457,000	14,505,000	2,783,000	-5,356,000	9,869,000	-5,363,000	13,298,000	-15,496,000	-11,771,000	13,900,000	8,495,000	4,516,000	-8,249,000	16,068,000	14,977,000	-6,153,000	2,561,000	14,395,000	3,667,000	7,575,000	3,278,000	8,230,000
Net Income From Continuing Ops	29,294,000	18,639,000	5,794,000	14,934,000	3,490,000	-4,789,000	10,351,000	-4,717,000	14,070,000	-15,091,000	-11,748,000	14,420,000	8,872,000	4,954,000	-7,969,000	16,695,000	15,876,000	-5,646,000	2,913,000	15,032,000	4,450,000	8,181,000	3,683,000	8,793,000
Net Interest Income	-13,872,000	-896,000	6,012,000	-404,000	-663,000	-612,000	-613,000	-591,000	-832,000	-798,000	-892,000	-663,000	-711,000	-770,000	-776,000	-661,000	-	-	-	-	-	-	-	-
Operating Income	47,121,000	25,866,000	3,962,000	6,786,000	18,614,000	5,240,000	15,168,000	-1,570,000	18,147,000	-1,221,000	-20,661,000	31,078,000	22,307,000	7,589,000	1,090,000	27,175,000	28,395,000	1,352,000	7,103,000	11,280,000	28,529,000	11,207,000	4,909,000	23,085,000
Other Operating Expenses	-	566,000	158,000	158,000	158,000	158,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	18,402,000	18,573,000	19,005,000	3,891,000	26,857,000	11,423,000	18,682,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	-	-	-	15,330,000	11,944,000	10,939,000	8,885,000	15,198,000	10,710,000	10,896,000	8,145,000	16,237,000	12,632,000	12,621,000	11,118,000	15,307,000	12,187,000	10,917,000	10,323,000	14,365,000	10,410,000	11,204,000	9,455,000	12,767,000
Selling General Administrative	58,953,000	56,285,000	53,568,000	-	52,487,000	48,803,000	-	-	-	-	-	-	39,564,000	37,296,000	37,144,000	41,125,000	37,753,000	38,129,000	38,311,000	40,802,000	38,949,000	36,606,000	36,811,000	38,787,000
Tax Provision	6,886,000	6,702,000	4,810,000	-6,723,000	6,656,000	2,602,000	4,332,000	-10,782,000	4,126,000	11,820,000	-2,366,000	10,630,000	3,294,000	1,544,000	3,578,000	1,301,000	-	-	-	-	-	-	-	-
Total Operating Expenses	389,462,000	383,534,000	346,382,000	455,361,000	339,035,000	320,211,000	340,463,000	457,573,000	357,011,000	357,945,000	321,262,000	474,813,000	376,573,000	378,198,000	349,687,000	472,986,000	378,081,000	342,970,000	336,682,000	470,593,000	354,119,000	363,185,000	330,420,000	452,693,000
Total Other Income Expense Net	-	-	-	-	-	-	-	-	-	-	-	-	-10,140,000	-1,090,000	-5,482,000	-9,177,000	-8,738,000	-9,694,000	1,446,000	-5,446,000	-16,479,000	-1,525,000	523,000	-9,422,000
Total Revenue	436,584,000	409,401,000	350,344,000	462,148,000	357,649,000	325,451,000	355,631,000	456,002,000	375,159,000	356,723,000	300,602,000	505,891,000	398,879,000	385,787,000	350,778,000	500,160,000	406,476,000	344,322,000	343,785,000	481,873,000	382,648,000	374,392,000	335,329,000	475,778,000

Latest Income Statement (annual, 2022-03-31)

Gross Profit (+$)
totalRevenue	1,500,879,000
Cost of Revenue	-1,244,300,000
Gross Profit	256,578,000	256,579,000

Operating Income (+$)
Gross Profit	256,578,000
Operating Expense	-1,455,070,000
Operating Income	45,808,000	-1,198,492,000

Operating Expense (+$)
Research Development	47,098,000
Selling General Administrative	-
Selling And Marketing Expenses	-
Operating Expense	1,455,070,000	47,098,000

Net Interest Income (+$)
Interest Income	1,106,000
Interest Expense	-3,398,000
Other Finance Cost	-0
Net Interest Income	-2,292,000

Pretax Income (+$)
Operating Income	45,808,000
Net Interest Income	-2,292,000
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	30,853,000	45,808,000 EBIT - interestExpense = 42,409,000 28,668,000 25,199,000
Interest Expense	3,398,000
Earnings Before Interest and Taxes (EBIT)	45,807,000	34,251,000
Earnings Before Interest and Taxes (EBITDA)	95,104,000

After tax Income (+$)
Income Before Tax	30,853,000
Tax Provision	-6,867,000
Net Income From Continuing Ops	23,986,000	23,986,000
Net Income	21,801,000
Net Income Applicable To Common Shares	21,801,000

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	-	2,292,000

Technicals of Kawasaki Heavy Industries Ltd

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.

Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd:

The Moving Average Convergence/Divergence (MACD) is 0.131. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
The MACD is higher than the signal line. This is a bullish indication. +1

Kawasaki Heavy Industries Ltd 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 Kawasaki Heavy Industries Ltd:

The ADX is 20.239. Absent or Weak Trend. -1
The ADX is declining, there is no upcoming trend indication. -1
The +DI is higher than the -DI. The current trend is up. +2

Kawasaki Heavy Industries Ltd 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 lower than the price. The current trend is up. +2

Kawasaki Heavy Industries Ltd 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.

Kawasaki Heavy Industries Ltd 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

Kawasaki Heavy Industries Ltd Daily Stochastic Oscillator Chart

2.3 Commodity Channel Index (CCI)

Kawasaki Heavy Industries Ltd Daily Commodity Channel Index (CCI) Chart

2.4 Chande Momentum Oscillator (CMO)

Kawasaki Heavy Industries Ltd Daily Chande Momentum Oscillator (CMO) Chart

2.5 Williams %R

Kawasaki Heavy Industries Ltd Daily Williams %R Chart

3. Volatility Indicators

3.1 Bollinger Bands

Kawasaki Heavy Industries Ltd Daily Bollinger Bands Chart

3.2 Average True Range (ATR)

Kawasaki Heavy Industries Ltd Daily Average True Range (ATR) Chart

4. Volume Indicators

4.1 On-Balance Volume (OBV)

Kawasaki Heavy Industries Ltd Daily On-Balance Volume (OBV) Chart

4.2 Money Flow Index (MFI)

Kawasaki Heavy Industries Ltd Daily Money Flow Index (MFI) Chart

5. Summary

5.1. Notifications

Type	Notification	Date
Currently no notifications for Kawasaki Heavy Industries Ltd.

5.2. Trading Signals

Date	Indicator	Entry signal	Exit signal
2023-05-19 00:00:00	MACD	LONG ENTRY	SHORT CLOSE
	DMI	SHORT ENTRY	LONG CLOSE
	SAR	SHORT ENTRY	LONG CLOSE	price crossed sar to downside
	STOCH	SHORT ENTRY	LONG CLOSE	80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE
2023-05-24 00:00:00	ATR	SHORT ENTRY	LONG CLOSE
2023-05-25 00:00:00	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE
2023-05-26 00:00:00	CMO	LONG ENTRY	SHORT CLOSE	50 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE
2023-05-29 00:00:00	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE
2023-05-30 00:00:00	ATR	LONG ENTRY	SHORT CLOSE

5.2. Technical Score

Let's check the technical score of Kawasaki Heavy Industries Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.349
Ma 20	Greater than	Ma 50	19.421
Ma 50	Greater than	Ma 100	19.498
Ma 100	Greater than	Ma 200	19.945
Open	Greater than	Close	19.325
Total			1/5 (20.0%)