Oak Valley Bancorp
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Let's analyse Oak Valley Bancorp together

Penke I guess you are interested in Oak Valley Bancorp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

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

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Oak Valley Bancorp (30 sec.)

What can you expect buying and holding a share of Oak Valley Bancorp? (30 sec.)

How much money do you get?

$0.16

When do you have the money?

1 year

How often do you get paid?

87.5%

What is your share worth?

Current worth

$20.03

Expected worth in 1 year

$23.00

How sure are you?

85.0%

+ What do you gain per year?

Total Gains per Share

$3.13

Return On Investment

13.0%

For what price can you sell your share?

Current Price per Share

$24.07

Expected price per share

$22.91 - $26.70

How sure are you?

50%

1. Valuation of Oak Valley Bancorp (5 min.)

Live pricePrice per Share (EOD)

$24.07

Book Value per Share

$20.03

Intrinsic Value Per Share

$-35.64 - $17.15

Total Value Per Share

$-15.61 - $37.18

My calculation of the intrinsic value of Oak Valley Bancorp is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.40) 3Y: ($0.55) TTM: ($0.54)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.09) TTM: ($-0.40)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.72	$2.15	$0.23 - $2.17
2	$0.17	$4.18	$-1.13 - $2.12
3	$-1.53	$6.12	$-2.50 - $2.08
4	$-4.24	$7.96	$-3.86 - $2.03
5	$-7.83	$9.70	$-5.22 - $1.98
6	$-12.21	$11.36	$-6.59 - $1.94
7	$-17.26	$12.93	$-7.95 - $1.89
8	$-22.91	$14.41	$-9.32 - $1.84
9	$-29.06	$15.82	$-10.68 - $1.80
10	$-35.64	$17.15	$-12.05 - $1.75

2. Growth of Oak Valley Bancorp (5 min.)

Is Oak Valley Bancorp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$166m	$123.2m	$867.5m	87.6%

How much money is Oak Valley Bancorp making?

	Current year	Previous year	Grow	Grow %
Making money	$6.8m	$7.4m	-$567.5k	-8.3%
Net Profit Margin	33.9%	39.0%	-	-

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

Quarterly Yearly

3. Financial Health of Oak Valley Bancorp (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Oak Valley Bancorp? (5 min.)

Welcome investor! Oak Valley Bancorp's management wants to use your money to grow the business. In return you get a share of Oak Valley Bancorp.

What can you expect buying and holding a share of Oak Valley Bancorp?

First you should know what it really means to hold a share of Oak Valley Bancorp. And how you can make/lose money.

Speculation

The Price per Share of Oak Valley Bancorp is $24.07. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Oak Valley Bancorp.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Oak Valley Bancorp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $20.03. Based on the TTM, the Book Value Change Per Share is $0.74 per quarter. Based on the YOY, the Book Value Change Per Share is $0.30 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.04 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Oak Valley Bancorp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.71	2.9%	0.83	3.4%	0.90	3.7%	0.60	2.5%	0.43	1.8%
Usd Book Value Change Per Share	0.00	0.0%	0.74	3.1%	0.30	1.2%	0.39	1.6%	0.30	1.2%
Usd Dividend Per Share	0.00	0.0%	0.04	0.2%	0.15	0.6%	0.12	0.5%	0.13	0.5%
Usd Total Gains Per Share	0.00	0.0%	0.78	3.2%	0.45	1.9%	0.51	2.1%	0.42	1.8%
Usd Price Per Share	24.78	-	26.25	-	20.35	-	19.37	-	16.58	-
Price to Earnings Ratio	8.76	-	8.16	-	6.02	-	9.10	-	12.04	-
Price-to-Total Gains Ratio	-2.62	-	-1.13	-	16.77	-	32.69	-
Price to Book Ratio	1.24	-	0.74	-	1.37	-	1.10	-	1.21	-
Price-to-Total Gains Ratio	-2.62	-	-1.13	-	16.77	-	32.69	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	24.07
Number of shares	41

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.04	0.12
Usd Book Value Change Per Share	0.74	0.39
Usd Total Gains Per Share	0.78	0.51
Gains per Quarter (41 shares)	32.07	20.86
Gains per Year (41 shares)	128.28	83.43

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	7	122	118	20	63	73
2	13	243	246	41	126	156
3	20	365	374	61	189	239
4	26	487	502	81	253	322
5	33	609	630	101	316	405
6	39	730	758	122	379	488
7	46	852	886	142	442	571
8	52	974	1014	162	505	654
9	59	1096	1142	182	568	737
10	66	1217	1270	203	632	820

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	69.0	1.0	0.0	98.6%
Book Value Change Per Share	1.0	2.0	1.0	25.0%	6.0	5.0	1.0	50.0%	14.0	5.0	1.0	70.0%	33.0	6.0	1.0	82.5%	56.0	12.0	2.0	80.0%
Dividend per Share	1.0	0.0	3.0	25.0%	9.0	0.0	3.0	75.0%	15.0	0.0	5.0	75.0%	35.0	0.0	5.0	87.5%	60.0	0.0	10.0	85.7%
Total Gains per Share	1.0	2.0	1.0	25.0%	6.0	5.0	1.0	50.0%	14.0	5.0	1.0	70.0%	34.0	5.0	1.0	85.0%	57.0	11.0	2.0	81.4%

Fundamentals of Oak Valley Bancorp

About Oak Valley Bancorp

https://www.ovcb.com
Banks - Regional
222
125 North Third Avenue, Oakdale, CA, United States, 95361
Google Maps Bing Maps

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit. It also offers commercial real estate loans, commercial business lending and trade finance, and small business administration lending, as well as consumer loans that include automobile loans, home mortgages, credit lines and other personal loans. In addition, the company provides online and mobile banking, remote deposit capture, merchant, night depository, extended hours, wire transfer of funds, and note collection services, as well as automated teller machines. The company was incorporated in 1990 and is headquartered in Oakdale, California.

Fundamental data was last updated by Penke on 2024-04-11 17:17:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge 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 efficient.

Liquidity Details

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

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Oak Valley Bancorp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Oak Valley Bancorp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Oak Valley Bancorp to the Banks - Regional industry mean.
A Net Profit Margin of 29.8% means that $0.30 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Oak Valley Bancorp:

The MRQ is 29.8%. The company is making a huge profit. +2
The TTM is 33.9%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	29.8%	TTM	33.9%	-4.0%
TTM	33.9%	YOY	39.0%	-5.1%
TTM	33.9%	5Y	31.1%	+2.8%
5Y	31.1%	10Y	26.9%	+4.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	29.8%	18.4%	+11.4%
TTM	33.9%	28.0%	+5.9%
YOY	39.0%	25.2%	+13.8%
5Y	31.1%	22.8%	+8.3%
10Y	26.9%	19.8%	+7.1%

Measures how much net profit Oak Valley Bancorp earns for each $1 of revenue.

Revenue is the amount of profit Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, Oak Valley Bancorp makes more profit. This shows the investor how efficiently Oak Valley Bancorp is operating in general and compared to other companies in the same industry. Oak Valley Bancorp operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Oak Valley Bancorp. If profit margins remain low (compared to the Banks - Regional 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 Oak Valley Bancorp is 0.30. This means that Oak Valley Bancorp earned $0.30 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 Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Oak Valley Bancorp sells assets (profit will increase while costs remain the same).
It won’t show what part of Oak Valley Bancorp 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 Oak Valley Bancorp

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 Oak Valley Bancorp = 5,865
Total revenue MRQ Oak Valley Bancorp = 19,669
$5,865 / $19,669 = 0.30 or 29.8%

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 Oak Valley Bancorp is using its assets to generate profit.

Above 5% is considered healthy but always compare Oak Valley Bancorp to the Banks - Regional industry mean.
0.3% Return on Assets means that Oak Valley Bancorp generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Oak Valley Bancorp:

The MRQ is 0.3%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.3%	TTM	0.4%	-0.1%
TTM	0.4%	YOY	0.4%	0.0%
TTM	0.4%	5Y	0.3%	+0.1%
5Y	0.3%	10Y	0.3%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.3%	0.1%	+0.2%
TTM	0.4%	0.2%	+0.2%
YOY	0.4%	0.2%	+0.2%
5Y	0.3%	0.2%	+0.1%
10Y	0.3%	0.2%	+0.1%

Shows how efficient Oak Valley Bancorp 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 Oak Valley Bancorp to the Banks - Regional 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 Oak Valley Bancorp is using its resources to generate profit. If the return on assets (0.3%) from Oak Valley Bancorp are higher than the Banks - Regional mean (0.1%) that means Oak Valley Bancorp 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 Oak Valley Bancorp is 0.3%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp

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

Income statement
Balance sheet

Net income MRQ (income statement) from Oak Valley Bancorp = 5,865
Total assets MRQ (balance sheet) from Oak Valley Bancorp = 1,843,768
5,865 / 1,843,768 = 0.00 or 0.3%

ROA is an important ratio as it will tell you how effectively Oak Valley Bancorp 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 Oak Valley Bancorp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Oak Valley Bancorp to the Banks - Regional industry mean.
3.5% Return on Equity means Oak Valley Bancorp generated $0.04 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Oak Valley Bancorp:

The MRQ is 3.5%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 4.6%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.5%	TTM	4.6%	-1.0%
TTM	4.6%	YOY	6.0%	-1.4%
TTM	4.6%	5Y	3.8%	+0.8%
5Y	3.8%	10Y	3.1%	+0.7%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	3.5%	1.4%	+2.1%
TTM	4.6%	2.5%	+2.1%
YOY	6.0%	2.7%	+3.3%
5Y	3.8%	2.5%	+1.3%
10Y	3.1%	2.8%	+0.3%

Shows how efficient Oak Valley Bancorp 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 Oak Valley Bancorp to the Banks - Regional 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 Banks - Regional 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 Oak Valley Bancorp is 3.5%. This means Oak Valley Bancorp generated $0.04 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp up to 10 years back (depending if Oak Valley Bancorp 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 Oak Valley Bancorp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Oak Valley Bancorp = 5,865
Shareholders equity (balance sheet) MRQ Oak Valley Bancorp = 166,092
5,865 / 166,092 = 0.04 or 3.5%

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 Oak Valley Bancorp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Oak Valley Bancorp is operating .

Measures how much profit Oak Valley Bancorp 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 Oak Valley Bancorp to the Banks - Regional 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 Oak Valley Bancorp:

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

Trends

Current period		Compared to		+/-
MRQ	-	TTM	24.1%	-24.1%
TTM	24.1%	YOY	53.0%	-28.9%
TTM	24.1%	5Y	38.6%	-14.4%
5Y	38.6%	10Y	37.3%	+1.3%

Measures how efficient Oak Valley Bancorp 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 Oak Valley Bancorp to the Banks - Regional 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 Oak Valley Bancorp 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 Oak Valley Bancorp is 0.0%. This means that Oak Valley Bancorp 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Oak Valley Bancorp = 19,669
Total revenue MRQ Oak Valley Bancorp = 19,669
$19,669 / $19,669 = 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 Oak Valley Bancorp is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.15 means that the operating costs are $0.15 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Oak Valley Bancorp:

The MRQ is 0.145. The company is very efficient in keeping operating costs low. +2
The TTM is -0.173.

Trends

Current period		Compared to		+/-
MRQ	0.145	TTM	-0.173	+0.318
TTM	-0.173	YOY	-0.164	-0.009
TTM	-0.173	5Y	-0.425	+0.253
5Y	-0.425	10Y	-0.500	+0.075

Measures how efficient Oak Valley Bancorp 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 Oak Valley Bancorp to the Banks - Regional 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 Oak Valley Bancorp is 14.5%. This means that Oak Valley Bancorp earned $0.15 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp

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
(0 +2,857) \ 19,669 = 0.15

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 Oak Valley Bancorp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Oak Valley Bancorp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.15 means the company has $0.15 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Oak Valley Bancorp:

The MRQ is 0.149. The company is unable to pay all its short-term debts. -2
The TTM is 11.484. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.149	TTM	11.484	-11.335
TTM	11.484	YOY	38.448	-26.963
TTM	11.484	5Y	30.492	-19.008
5Y	30.492	10Y	40.436	-9.944

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	11.484	0.124	+11.360
YOY	38.448	0.225	+38.223
5Y	30.492	0.219	+30.273
10Y	40.436	0.131	+40.305

Measures if Oak Valley Bancorp 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 Banks - Regional 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 Oak Valley Bancorp 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 Oak Valley Bancorp is 0.15. This means Oak Valley Bancorp has $0.15 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
224,954 \ 1,512,619) = 0.15

The current ratio measures if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Oak Valley Bancorp to the Banks - Regional industry mean.
A Quick Ratio of 0.23 means the company can pay off $0.23 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Oak Valley Bancorp:

The MRQ is 0.229. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 19.940. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.229	TTM	19.940	-19.711
TTM	19.940	YOY	58.966	-39.027
TTM	19.940	5Y	48.006	-28.066
5Y	48.006	10Y	69.803	-21.797

Measures if Oak Valley Bancorp 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 Oak Valley Bancorp to the Banks - Regional 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 Oak Valley Bancorp can pay off its short term debts. This shows if Oak Valley Bancorp 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 Oak Valley Bancorp is 0.23. This means that Oak Valley Bancorp can pay off $0.23 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp

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 Oak Valley Bancorp: (-180,068 + 518,078 +8,386) / 1,512,619 = 0.23

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 Oak Valley Bancorp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Oak Valley Bancorp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Oak Valley Bancorp to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.91 means that Oak Valley Bancorp assets are financed with 91.0% credit (debt) and the remaining percentage (100% - 91.0%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Oak Valley Bancorp:

The MRQ is 0.910. The company is just able to pay all its debts by selling its assets.
The TTM is 0.464. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.910	TTM	0.464	+0.446
TTM	0.464	YOY	0.937	-0.473
TTM	0.464	5Y	0.829	-0.365
5Y	0.829	10Y	0.869	-0.039

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.910	0.915	-0.005
TTM	0.464	0.917	-0.453
YOY	0.937	0.919	+0.018
5Y	0.829	0.919	-0.090
10Y	0.869	0.927	-0.058

Measures how much % of Oak Valley Bancorp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Oak Valley Bancorp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Oak Valley Bancorp to Banks - Regional 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 Oak Valley Bancorp is 0.91. This means means that Oak Valley Bancorp is financed with 91.0% 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Oak Valley Bancorp

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,677,676 \ 1,843,768 = 91.0% or 0.91.

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 Oak Valley Bancorp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Oak Valley Bancorp to the Banks - Regional industry mean.
A Debt to Equity ratio of 1,010.1% means that company has $10.10 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Oak Valley Bancorp:

The MRQ is 10.101. The company is unable to pay all its debts with equity. -1
The TTM is 5.166. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	10.101	TTM	5.166	+4.935
TTM	5.166	YOY	15.130	-9.964
TTM	5.166	5Y	10.626	-5.460
5Y	10.626	10Y	10.279	+0.347

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	10.101	10.829	-0.728
TTM	5.166	11.013	-5.847
YOY	15.130	11.363	+3.767
5Y	10.626	11.437	-0.811
10Y	10.279	13.038	-2.759

Measures if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp is 10.10. This means that Oak Valley Bancorp can pay off $10.10 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,677,676 \ 166,092 = 10.10 or 1,010.1%

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 Oak Valley Bancorp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Oak Valley Bancorp generates.

Above 15 is considered overpriced but always compare Oak Valley Bancorp to the Banks - Regional industry mean.
A PE ratio of 8.76 means the investor is paying $8.76 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Oak Valley Bancorp:

The EOD is 8.509. Based on the earnings, the company is underpriced. +1
The MRQ is 8.760. Based on the earnings, the company is underpriced. +1
The TTM is 8.158. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	8.509	MRQ	8.760	-0.251
MRQ	8.760	TTM	8.158	+0.602
TTM	8.158	YOY	6.024	+2.134
TTM	8.158	5Y	9.101	-0.943
5Y	9.101	10Y	12.036	-2.935

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	8.509	7.548	+0.961
MRQ	8.760	6.680	+2.080
TTM	8.158	5.295	+2.863
YOY	6.024	6.943	-0.919
5Y	9.101	9.770	-0.669
10Y	12.036	9.943	+2.093

Measures how much money you pay for each share for every $1 in earnings Oak Valley Bancorp 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 Oak Valley Bancorp to the Banks - Regional 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 Oak Valley Bancorp is 8.76. This means the investor is paying $8.76 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Oak Valley Bancorp is performing over time. The most recent quarter might be important if Oak Valley Bancorp 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 Oak Valley Bancorp 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 Oak Valley Bancorp

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
0 \ 8,237 = EPS
PE ratio MRQ = 8.76

* 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 To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Oak Valley Bancorp:

The EOD is -32.853. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -33.822. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -16.165. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-32.853	MRQ	-33.822	+0.969
MRQ	-33.822	TTM	-16.165	-17.658
TTM	-16.165	YOY	5.862	-22.027
TTM	-16.165	5Y	0.989	-17.154
5Y	0.989	10Y	-17.808	+18.797

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-32.853	-2.110	-30.743
MRQ	-33.822	-1.868	-31.954
TTM	-16.165	-0.342	-15.823
YOY	5.862	6.448	-0.586
5Y	0.989	0.429	+0.560
10Y	-17.808	0.091	-17.899

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Oak Valley Bancorp is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 1.24 means the investor is paying $1.24 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Oak Valley Bancorp:

The EOD is 1.202. Based on the equity, the company is underpriced. +1
The MRQ is 1.237. Based on the equity, the company is underpriced. +1
The TTM is 0.741. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	1.202	MRQ	1.237	-0.035
MRQ	1.237	TTM	0.741	+0.497
TTM	0.741	YOY	1.367	-0.626
TTM	0.741	5Y	1.095	-0.354
5Y	1.095	10Y	1.212	-0.117

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	1.202	0.436	+0.766
MRQ	1.237	0.386	+0.851
TTM	0.741	0.470	+0.271
YOY	1.367	0.642	+0.725
5Y	1.095	0.795	+0.300
10Y	1.212	1.025	+0.187

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Oak Valley Bancorp.

3.1. Institutions holding Oak Valley Bancorp

Institutions are holding 31.562% of the shares of Oak Valley Bancorp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	4.6917	0.0003	389090	58343	17.6398
2023-12-31	Vanguard Group Inc	4.4622	0.0002	370058	1043	0.2826
2023-12-31	Siena Capital Management, LLC	4.324	3.3683	358593	0	0
2023-12-31	FMR Inc	2.5823	0.0005	214153	70	0.0327
2023-12-31	Geode Capital Management, LLC	1.6768	0.0004	139057	3573	2.6372
2023-12-31	M3F, Inc.	1.5946	1.2577	132245	-8910	-6.3122
2023-12-31	Banc Funds Co LLC	1.497	0.3665	124152	-14128	-10.217
2023-12-31	JPMorgan Chase & Co	1.369	0.0003	113533	108702	2250.0931
2023-09-30	First Republic Inv Mgmt Inc	1.2851	0.0076	106579	0	0
2023-12-31	Bridgeway Capital Management, LLC	1.2278	0.0654	101822	-466	-0.4556
2023-12-31	Dimensional Fund Advisors, Inc.	1.0076	0.0007	83560	0	0
2023-12-31	State Street Corporation	1.0055	0.0001	83384	3624	4.5436
2023-12-31	Northern Trust Corp	0.6848	0.0003	56792	2564	4.7282
2023-12-31	Renaissance Technologies Corp	0.5748	0.0022	47673	-456	-0.9475
2023-09-30	Fourthstone LLC	0.5136	0.2425	42597	24332	133.2165
2023-12-31	Empowered Funds, LLC	0.3757	0.0234	31158	2688	9.4415
2023-12-31	RBF LLC	0.3617	0.0543	30000	0	0
2023-12-31	Bank of New York Mellon Corp	0.3118	0.0002	25861	6361	32.6205
2023-12-31	First Trust Advisors L.P.	0.2716	0.0007	22523	4748	26.7117
2023-12-31	American Century Companies Inc	0.2538	0.0004	21044	1590	8.1731
Total		30.0714	5.392	2493874	+193678	+7.8%

3.2. Funds holding Oak Valley Bancorp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.8698	0.0004	239900	0	0
2024-03-28	iShares Russell 2000 ETF	1.9616	0.0062	163977	78	0.0476
2024-01-31	Fidelity Low-Priced Stock	1.4066	0.0114	117586	-478	-0.4049
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.1017	0.0023	92100	0	0
2024-01-31	Fidelity Small Cap Index	0.7943	0.007	66404	1967	3.0526
2024-03-28	iShares Russell 2000 Value ETF	0.7498	0.0124	62682	-40	-0.0638
2023-12-31	Fidelity Global Intrinsic Value Cl F5	0.5981	0.0505	50000	0	0
2023-12-31	Bridgeway Omni Small-Cap Value N	0.4785	0.0935	40000	0	0
2023-12-31	Bridgeway Omni Small-Cap Value	0.4785	0.0933	40000	0	0
2024-02-29	Fidelity Extended Market Index	0.4433	0.0024	37058	-180	-0.4834
2024-03-28	EA Bridgeway Omni Small-Cap Value ETF	0.402	0.0677	33608	0	0
2023-12-31	Bridgeway Ultra-Small Company	0.3668	1.0595	30664	-3154	-9.3264
2024-02-29	Vanguard Russell 2000 ETF	0.292	0.0064	24407	1780	7.8667
2024-03-31	State St Russell Sm Cap® Indx SL Cl I	0.256	0.0054	21400	0	0
2023-12-31	Fidelity Global Intrinsic Val CN Cl F	0.2407	0.0481	20119	-258	-1.2661
2023-12-31	NT R2000 Value Index Fund - NL	0.2266	0.015	18946	-870	-4.3904
2023-12-31	NT R2000 Index Fund - NL	0.225	0.0078	18812	-838	-4.2646
2024-03-31	First Trust Dow Jones Sel MicroCap ETF	0.2227	0.2574	18614	0	0
2024-03-29	Avantis US Small Cap Value ETF	0.2221	0.0042	18564	0	0
2023-09-30	BlackRock Extended Mkt Composite	0.2103	0.0031	17579	118	0.6758
Total		13.5464	1.754	1132420	-1875	-0.2%

3.3. Insider Transactions

Insiders are holding 18.122% of the shares of Oak Valley Bancorp.

Date	Owner	Type	Amount	Price
2024-02-28	H Randolph Holder Jr	BUY	50	24.54
2024-02-26	Daniel J Leonard	BUY	1000	24
2024-02-21	H Randolph Holder Jr	BUY	175	24.51
2024-02-14	Gary Strong	BUY	250	25
2024-02-13	Christopher M Courtney	BUY	400	26.53
2024-02-12	James L Gilbert	BUY	48	25.63
2024-01-31	Daniel J Leonard	BUY	1000	26.99
2023-11-29	Gary Strong	BUY	1000	25
2023-11-08	Ronald C Martin	SELL	396	25.65
2023-08-30	Daniel J Leonard	BUY	1000	24.3
2023-08-28	Ronald C Martin	SELL	1000	24.48
2023-08-22	H Randolph Holder Jr	BUY	30	25.78
2023-08-18	Ronald C Martin	SELL	237	26.55
2023-08-15	Ronald C Martin	SELL	13	26.5
2023-05-11	Gary Strong	BUY	500	23
2023-05-04	Gary Strong	BUY	614	23
2023-05-01	Gary Strong	BUY	1000	25.46

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Oak Valley Bancorp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-	0.742	-100%	0.296	-100%	0.385	-100%	0.296	-100%
Book Value Per Share	-	-	20.028	119.476	-83%	14.861	+35%	35.905	-44%	23.041	-13%
Current Ratio	-	-	0.149	11.484	-99%	38.448	-100%	30.492	-100%	40.436	-100%
Debt To Asset Ratio	-	-	0.910	0.464	+96%	0.937	-3%	0.829	+10%	0.869	+5%
Debt To Equity Ratio	-	-	10.101	5.166	+96%	15.130	-33%	10.626	-5%	10.279	-2%
Dividend Per Share	-	-	-	0.040	-100%	0.152	-100%	0.124	-100%	0.125	-100%
Eps	-	-	0.707	0.829	-15%	0.897	-21%	0.597	+18%	0.425	+66%
Free Cash Flow Per Share	-	-	-0.183	0.536	-134%	0.958	-119%	0.527	-135%	0.400	-146%
Free Cash Flow To Equity Per Share	-	-	-2.114	-3.564	+69%	-0.034	-98%	4.652	-145%	3.193	-166%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	17.149	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-35.636	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.146	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.725	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	6.122	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-1.530	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	9.705	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-7.831	-	-	-	-	-	-	-	-
Market Cap	199616601.900	-3%	205504752.600	217695712.500	-6%	168724543.650	+22%	160626263.145	+28%	137464475.981	+49%
Net Profit Margin	-	-	0.298	0.339	-12%	0.390	-23%	0.311	-4%	0.269	+11%
Operating Margin	-	-	-	0.241	-100%	0.530	-100%	0.386	-100%	0.373	-100%
Operating Ratio	-	-	0.145	-0.173	+219%	-0.164	+213%	-0.425	+393%	-0.500	+444%
Pb Ratio	1.202	-3%	1.237	0.741	+67%	1.367	-9%	1.095	+13%	1.212	+2%
Pe Ratio	8.509	-3%	8.760	8.158	+7%	6.024	+45%	9.101	-4%	12.036	-27%
Price Per Share	24.070	-3%	24.780	26.250	-6%	20.345	+22%	19.369	+28%	16.576	+49%
Price To Free Cash Flow Ratio	-32.853	+3%	-33.822	-16.165	-52%	5.862	-677%	0.989	-3519%	-17.808	-47%
Quick Ratio	-	-	0.229	19.940	-99%	58.966	-100%	48.006	-100%	69.803	-100%
Return On Assets	-	-	0.003	0.004	-15%	0.004	-16%	0.003	+9%	0.003	+23%
Return On Equity	-	-	0.035	0.046	-22%	0.060	-41%	0.038	-7%	0.031	+13%
Total Gains Per Share	-	-	-	0.782	-100%	0.448	-100%	0.509	-100%	0.421	-100%
Usd Book Value	-	-	166092000.000	990831750.000	-83%	123245750.000	+35%	297768200.000	-44%	191085875.000	-13%
Usd Book Value Change Per Share	-	-	-	0.742	-100%	0.296	-100%	0.385	-100%	0.296	-100%
Usd Book Value Per Share	-	-	20.028	119.476	-83%	14.861	+35%	35.905	-44%	23.041	-13%
Usd Dividend Per Share	-	-	-	0.040	-100%	0.152	-100%	0.124	-100%	0.125	-100%
Usd Eps	-	-	0.707	0.829	-15%	0.897	-21%	0.597	+18%	0.425	+66%
Usd Free Cash Flow	-	-	-1519000.000	4446500.000	-134%	7940750.000	-119%	4369650.000	-135%	3313309.800	-146%
Usd Free Cash Flow Per Share	-	-	-0.183	0.536	-134%	0.958	-119%	0.527	-135%	0.400	-146%
Usd Free Cash Flow To Equity Per Share	-	-	-2.114	-3.564	+69%	-0.034	-98%	4.652	-145%	3.193	-166%
Usd Market Cap	199616601.900	-3%	205504752.600	217695712.500	-6%	168724543.650	+22%	160626263.145	+28%	137464475.981	+49%
Usd Price Per Share	24.070	-3%	24.780	26.250	-6%	20.345	+22%	19.369	+28%	16.576	+49%
Usd Profit	-	-	5865000.000	6872000.000	-15%	7439500.000	-21%	4951200.000	+18%	3526150.000	+66%
Usd Revenue	-	-	19669000.000	20226000.000	-3%	18679750.000	+5%	15323800.000	+28%	12222125.000	+61%
Usd Total Gains Per Share	-	-	-	0.782	-100%	0.448	-100%	0.509	-100%	0.421	-100%
	EOD	+3 -4	MRQ	TTM	+4 -30	YOY	+11 -23	5Y	+11 -23	10Y	+13 -21

4.2. Fundamental Score

Let's check the fundamental score of Oak Valley Bancorp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	8.509
Price to Book Ratio (EOD)	Between	0-1	1.202
Net Profit Margin (MRQ)	Greater than	0	0.298
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.229
Current Ratio (MRQ)	Greater than	1	0.149
Debt to Asset Ratio (MRQ)	Less than	1	0.910
Debt to Equity Ratio (MRQ)	Less than	1	10.101
Return on Equity (MRQ)	Greater than	0.15	0.035
Return on Assets (MRQ)	Greater than	0.05	0.003
Total			3/10 (30.0%)

Create your own Stock Scanner

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

Let's check the technical score of Oak Valley Bancorp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	51.039
Ma 20	Greater than	Ma 50	23.762
Ma 50	Greater than	Ma 100	24.079
Ma 100	Greater than	Ma 200	25.717
Open	Greater than	Close	24.720
Total			3/5 (60.0%)

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.
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Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	1,843,768
Total Liabilities	1,677,676
Total Stockholder Equity	166,092

	As reported
Total Liabilities	1,677,676
Total Stockholder Equity	+ 166,092
Total Assets	= 1,843,768

Assets

Total Assets	1,843,768
Total Current Assets	224,954
Long-term Assets	1,618,814

Total Current Assets

Total Current Assets (as reported)	224,954
Cash And Cash Equivalents	180,068
Short-term Investments	518,078
Net Receivables	8,386
Inventory	171,682
Total Current Assets (calculated)	878,214
+/-	653,260

Long-term Assets

Long-term Assets (as reported)	1,618,814
Property Plant Equipment	22,718
Goodwill	3,313
Intangible Assets	160
Long-term Assets Other	1,558,390
Long-term Assets (calculated)	1,584,581
+/-	34,233

Liabilities & Shareholders' Equity

Total Current Liabilities	1,512,619
Long-term Liabilities	165,057
Total Stockholder Equity	166,092

Total Current Liabilities

Total Current Liabilities (as reported)	1,512,619
Other Current Liabilities	1,512,619
Total Current Liabilities (calculated)	1,512,619
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	165,057
Long-term Liabilities (calculated)	0
+/-	165,057

Total Stockholder Equity

Total Stockholder Equity (as reported)	166,092
Common Stock	25,435
Retained Earnings	154,301
Accumulated Other Comprehensive Income	-19,156
Other Stockholders Equity	5,512
Total Stockholder Equity (calculated)	166,092
+/-	0

Other

Cash and Short Term Investments	-180,068
Common Stock Shares Outstanding	8,237
Liabilities and Stockholders Equity	1,843,768
Net Debt	-180,068
Net Working Capital	-1,287,665

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2024-03-31

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-03-31

> Total Assets

0
204,719
214,180
222,477
240,498
251,988
277,718
297,934
313,063
329,772
336,624
351,635
382,122
402,461
409,103
428,691
455,213
452,521
441,334
453,883
454,403
0
476,095
490,111
508,203
523,747
525,606
521,179
524,722
520,275
519,203
534,879
552,396
562,769
572,262
583,955
612,172
593,513
596,417
627,817
660,480
648,418
644,230
659,192
672,060
687,591
678,319
706,821
749,477
753,552
764,008
793,723
897,038
905,750
925,635
947,017
1,001,423
989,879
1,020,495
996,721
1,034,852
1,052,813
1,069,600
1,075,805
1,094,929
1,059,130
1,068,310
1,101,132
1,147,785
1,156,635
1,464,880
1,449,051
1,511,478
1,665,394
1,764,464
1,856,759
1,964,599
1,946,019
1,991,235
1,962,470
1,968,346
1,940,674
1,861,713
1,835,402
1,842,422
1,843,768

1,843,768

1,842,422

1,835,402

1,861,713

1,940,674

1,968,346

1,962,470

1,991,235

1,946,019

1,964,599

1,856,759

1,764,464

1,665,394

1,511,478

1,449,051

1,464,880

1,156,635

1,147,785

1,101,132

1,068,310

1,059,130

1,094,929

1,075,805

1,069,600

1,052,813

1,034,852

996,721

1,020,495

989,879

1,001,423

947,017

925,635

905,750

897,038

793,723

764,008

753,552

749,477

706,821

678,319

687,591

672,060

659,192

644,230

648,418

660,480

627,817

596,417

593,513

612,172

583,955

572,262

562,769

552,396

534,879

519,203

520,275

524,722

521,179

525,606

523,747

508,203

490,111

476,095

454,403

453,883

441,334

452,521

455,213

428,691

409,103

402,461

382,122

351,635

336,624

329,772

313,063

297,934

277,718

251,988

240,498

222,477

214,180

204,719

> Total Current Assets

0
9,627
9,714
8,169
20,730
8,474
9,725
9,269
17,662
12,968
12,074
14,938
32,416
14,405
18,212
13,548
37,993
10,186
11,890
12,165
14,203
0
35,041
33,475
10,959
46,999
52,402
51,811
42,199
74,937,115
73,832,428
91,345,348
52,125
114,218,233
146,107,126
161,267,753
93,880
170,422,605
172,885,366
199,974,208
236,320
210,676,998
221,544,722
201,455,223
100,095,560
208,876,598
200,572
229,176
132,078
251,826
254,796
266,091
174,778
298,294
312,923
293,320
179,025
324,814
346,431
310,490
142,968
349,627
363,488
356,894
116,425
287,697
277,350
299,610
133,809
318,039
358,073
347,802
193,571
519,145
715,487
865,095
1,002,279
1,005,961
994,967
966,778
997,415
891,683
784,347
723,761
0
224,954

224,954

723,761

784,347

891,683

997,415

966,778

994,967

1,005,961

1,002,279

865,095

715,487

519,145

193,571

347,802

358,073

318,039

133,809

299,610

277,350

287,697

116,425

356,894

363,488

349,627

142,968

310,490

346,431

324,814

179,025

293,320

312,923

298,294

174,778

266,091

254,796

251,826

132,078

229,176

200,572

208,876,598

100,095,560

201,455,223

221,544,722

210,676,998

236,320

199,974,208

172,885,366

170,422,605

93,880

161,267,753

146,107,126

114,218,233

52,125

91,345,348

73,832,428

74,937,115

42,199

51,811

52,402

46,999

10,959

33,475

35,041

14,203

12,165

11,890

10,186

37,993

13,548

18,212

14,405

32,416

14,938

12,074

12,968

17,662

9,269

9,725

8,474

20,730

8,169

9,714

9,627

Cash And Cash Equivalents

0
8,708
8,871
7,248
12,630
7,482
8,733
8,211
7,298
11,790
10,784
13,547
20,501
12,735
16,581
13,548
25,179
8,090
9,794
10,069
14,203
0
11,331
10,264
9,073
11,135
12,207
9,601
20,004
23,946
21,589
36,322
28,092
40,546
67,245
74,468
73,190
65,338
64,638
93,642
130,800
96,098
102,217
84,313
100,096
89,279
76,093
104,977
132,078
130,638
126,899
136,594
174,778
154,033
162,624
133,243
179,025
154,945
171,179
129,633
142,968
151,406
158,775
151,656
116,425
87,292
72,152
106,009
133,809
72,884
116,532
120,890
193,571
303,665
478,712
623,408
735,332
627,775
451,075
401,055
415,803
359,133
268,496
238,836
180,068
180,068

180,068

238,836

268,496

359,133

415,803

401,055

451,075

627,775

735,332

623,408

478,712

303,665

193,571

120,890

116,532

72,884

133,809

106,009

72,152

87,292

116,425

151,656

158,775

151,406

142,968

129,633

171,179

154,945

179,025

133,243

162,624

154,033

174,778

136,594

126,899

130,638

132,078

104,977

76,093

89,279

100,096

84,313

102,217

96,098

130,800

93,642

64,638

65,338

73,190

74,468

67,245

40,546

28,092

36,322

21,589

23,946

20,004

9,601

12,207

11,135

9,073

10,264

11,331

14,203

10,069

9,794

8,090

25,179

13,548

16,581

12,735

20,501

13,547

10,784

11,790

7,298

8,211

8,733

7,482

12,630

7,248

8,871

8,708

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,640
0
0
0
3,805
0
35,041
33,475
765
46,999
52,402
51,811
1,645
50,991,219
52,243,890
55,023,463
40,845
73,672,173
78,861,655
86,799,674
89,695
105,084,610
108,247,438
106,331,946
103,866
114,579
119,328
117,142
117,746
119,598
124,479
124,199
121,277
121,188
127,897
129,497
131,546
144,261
150,299
160,077
160,333
169,869
175,252
180,857
182,360
198,221
204,713
205,238
206,712
200,405
205,198
193,601
190,088
245,155
241,541
226,912
217,164
215,480
236,775
241,687
262,889
349,142
501,540
510,045
527,438
532,550
515,851
484,925
518,078
518,078

518,078

484,925

515,851

532,550

527,438

510,045

501,540

349,142

262,889

241,687

236,775

215,480

217,164

226,912

241,541

245,155

190,088

193,601

205,198

200,405

206,712

205,238

204,713

198,221

182,360

180,857

175,252

169,869

160,333

160,077

150,299

144,261

131,546

129,497

127,897

121,188

121,277

124,199

124,479

119,598

117,746

117,142

119,328

114,579

103,866

106,331,946

108,247,438

105,084,610

89,695

86,799,674

78,861,655

73,672,173

40,845

55,023,463

52,243,890

50,991,219

1,645

51,811

52,402

46,999

765

33,475

35,041

3,805

2,640

Net Receivables

0
919
843
921
8,100
992
992
1,058
10,364
1,178
1,290
1,391
11,915
1,670
1,631
0
12,813
2,096
2,096
2,096
0
0
20,100
20,931
1,886
23,137
22,871
22,040
22,195
22,410
22,013
21,426
24,033
24,066
21,876
20,872
20,690
21,468
21,105
20,761
1,654
20,451
22,245
23,173
2,011
23,058
23,038
22,534
2,024
22,622
23,874
23,426
2,420
28,245
27,891
31,831
2,831
34,567
34,569
36,024
3,171
12,436
12,586
12,689
3,755
22,655
22,644
22,024
3,457
21,778
22,192
22,078
5,689
23,384
22,922
23,349
4,058
29,044
42,352
55,678
7,930
50,434
52,217
58,852
2,866
8,386

8,386

2,866

58,852

52,217

50,434

7,930

55,678

42,352

29,044

4,058

23,349

22,922

23,384

5,689

22,078

22,192

21,778

3,457

22,024

22,644

22,655

3,755

12,689

12,586

12,436

3,171

36,024

34,569

34,567

2,831

31,831

27,891

28,245

2,420

23,426

23,874

22,622

2,024

22,534

23,038

23,058

2,011

23,173

22,245

20,451

1,654

20,761

21,105

21,468

20,690

20,872

21,876

24,066

24,033

21,426

22,013

22,410

22,195

22,040

22,871

23,137

1,886

20,931

20,100

2,096

12,813

1,631

1,670

11,915

1,391

1,290

1,178

10,364

1,058

992

8,100

921

843

919

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,095
26,375
0
0
2,024
0
0
0
440,390
0
0
0
481,387
0
2,889
2,730
505,193
470,623
466,726
478,840
533,822
523,171
541,828
563,684
598,548
549,306
820,589
829,321
845,682
884,527
766,531
704,107
694,462
4,225
506,424
451,863
437,563
396,631
308,461
282,704
0
224,954

224,954

282,704

308,461

396,631

437,563

451,863

506,424

4,225

694,462

704,107

766,531

884,527

845,682

829,321

820,589

549,306

598,548

563,684

541,828

523,171

533,822

478,840

466,726

470,623

505,193

2,730

2,889

481,387

440,390

2,024

26,375

5,095

> Long-term Assets

0
42,753
38,500
33,168
31,449
36,206
37,882
38,502
36,366
39,148
38,974
38,858
36,919
42,949
44,164
43,457
41,762
44,525
44,351
44,729
43,481
0
45,137
43,145
53,388
63,331
65,021
63,935
60,933
10,453,962
10,392,433
10,334,633
82,417
10,026,735
12,795,628
13,393,214
103,194
13,293,112
13,228,904
13,104,229
117,623
12,917,443
12,600,334
12,607,621
13,684,161
13,940,103
13,760
13,614
14,066
13,894
13,715
13,736
14,277
14,037
13,922
13,712
13,688
13,443
13,223
13,048
14,478
18,835
19,019
19,084
18,879
18,582
18,739
18,930
19,066
18,986
19,079
19,520
19,510
19,461
19,336
19,115
296,242
371,220
523,498
531,765
18,858
18,659
19,748
19,432
0
1,618,814

1,618,814

19,432

19,748

18,659

18,858

531,765

523,498

371,220

296,242

19,115

19,336

19,461

19,510

19,520

19,079

18,986

19,066

18,930

18,739

18,582

18,879

19,084

19,019

18,835

14,478

13,048

13,223

13,443

13,688

13,712

13,922

14,037

14,277

13,736

13,715

13,894

14,066

13,614

13,760

13,940,103

13,684,161

12,607,621

12,600,334

12,917,443

117,623

13,104,229

13,228,904

13,293,112

103,194

13,393,214

12,795,628

10,026,735

82,417

10,334,633

10,392,433

10,453,962

60,933

63,935

65,021

63,331

53,388

43,145

45,137

43,481

44,729

44,351

44,525

41,762

43,457

44,164

42,949

36,919

38,858

38,974

39,148

36,366

38,502

37,882

36,206

31,449

33,168

38,500

42,753

Property Plant Equipment

0
2,840
2,884
2,844
2,759
2,741
2,740
2,796
3,082
3,613
3,811
3,711
3,870
4,305
5,617
5,487
5,513
9,100
9,336
10,250
10,109
0
10,484
10,245
11,094
10,837
10,620
10,370
10,167
10,454
10,392
10,335
29,149
10,027
12,796
13,393
13,499
13,293
13,229
13,104
13,182
12,917
12,600
12,608
13,684
13,940
13,760
13,614
14,066
13,894
13,715
13,736
14,277
14,037
13,922
13,712
13,688
13,443
13,223
13,048
14,478
14,808
15,020
15,114
14,937
14,667
14,850
15,067
19,541
15,174
15,291
15,756
20,355
15,744
15,642
15,444
21,956
15,224
15,248
15,191
23,055
15,122
16,233
15,938
22,718
22,718

22,718

15,938

16,233

15,122

23,055

15,191

15,248

15,224

21,956

15,444

15,642

15,744

20,355

15,756

15,291

15,174

19,541

15,067

14,850

14,667

14,937

15,114

15,020

14,808

14,478

13,048

13,223

13,443

13,688

13,712

13,922

14,037

14,277

13,736

13,715

13,894

14,066

13,614

13,760

13,940

13,684

12,608

12,600

12,917

13,182

13,104

13,229

13,293

13,499

13,393

12,796

10,027

29,149

10,335

10,392

10,454

10,167

10,370

10,620

10,837

11,094

10,245

10,484

10,109

10,250

9,336

9,100

5,513

5,487

5,617

4,305

3,870

3,711

3,811

3,613

3,082

2,796

2,740

2,741

2,759

2,844

2,884

2,840

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
662
662
0
0
3,313
3,313
3,312
3,312
3,313
3,313
3,313
3,313
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,313
0
0
0
0
3,313

3,313

3,312

3,313

662

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
381,194
381,818
386,958
384,219
381,958
380,208
382,411
381,632
382,512
405,545
412,072
415,342
428,554
428,727
447,376
446,150
456,508
470,450
532,460
559,639
570,899
594,135
602,314
604,285
615,292
626,911
652,989
837,123
849,849
859,233
908,932
203,576
208,438
196,884
931,135
994,881
1,226,345
1,236,081
225,277
1,226,903
240,188
1,099,920
270,639
1,196,020
1,397,181
512,993
545,010
532,550
515,851
487,848
534,894
0

534,894

487,848

515,851

532,550

545,010

512,993

1,397,181

1,196,020

270,639

1,099,920

240,188

1,226,903

225,277

1,236,081

1,226,345

994,881

931,135

196,884

208,438

203,576

908,932

859,233

849,849

837,123

652,989

626,911

615,292

604,285

602,314

594,135

570,899

559,639

532,460

470,450

456,508

446,150

447,376

428,727

428,554

415,342

412,072

405,545

382,512

381,632

382,411

380,208

381,958

384,219

386,958

381,818

381,194

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,031
1,031
0
0
872
872
3,312
3,312
743
743
3,999
3,970
3,942
3,915
3,889
3,863
3,837
3,812
3,788
3,764
3,740
3,717
3,694
3,671
3,647
3,625
3,603
3,581
3,558
3,537
3,515
3,494
0
160

160

3,494

3,515

3,537

3,558

3,581

3,603

3,625

3,647

3,671

3,694

3,717

3,740

3,764

3,788

3,812

3,837

3,863

3,889

3,915

3,942

3,970

3,999

743

3,312

872

1,031

Earning Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
210,231
227,843
207,269
207,170
268,456
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

268,456

207,170

207,269

227,843

210,231

Other Assets

0
152,339
165,966
181,140
188,319
207,308
230,111
250,163
259,035
277,656
285,576
297,839
312,787
345,107
346,727
371,686
375,459
397,810
385,093
396,989
396,719
0
395,917
413,492
443,855
413,416
408,183
405,433
421,590
-84,870,802
-83,705,658
-101,145,102
417,854
-123,682,199
-158,330,492
-174,077,012
415,097
-183,122,204
-185,517,853
-212,450,620
306,536
-222,946,023
-233,500,826
-213,403,652
-113,107,661
-222,129,110
463,987
464,031
603,333
487,832
495,497
513,896
707,983
593,419
598,790
639,985
808,710
651,622
660,841
673,183
877,406
684,351
687,093
699,827
959,625
752,851
772,221
782,592
994,910
819,610
1,087,728
1,081,729
1,298,397
1,126,788
1,029,641
972,549
666,078
568,838
472,770
463,927
952,073
1,030,332
1,057,618
1,092,209
1,842,422
1,842,422

1,842,422

1,092,209

1,057,618

1,030,332

952,073

463,927

472,770

568,838

666,078

972,549

1,029,641

1,126,788

1,298,397

1,081,729

1,087,728

819,610

994,910

782,592

772,221

752,851

959,625

699,827

687,093

684,351

877,406

673,183

660,841

651,622

808,710

639,985

598,790

593,419

707,983

513,896

495,497

487,832

603,333

464,031

463,987

-222,129,110

-113,107,661

-213,403,652

-233,500,826

-222,946,023

306,536

-212,450,620

-185,517,853

-183,122,204

415,097

-174,077,012

-158,330,492

-123,682,199

417,854

-101,145,102

-83,705,658

-84,870,802

421,590

405,433

408,183

413,416

443,855

413,492

395,917

396,719

396,989

385,093

397,810

375,459

371,686

346,727

345,107

312,787

297,839

285,576

277,656

259,035

250,163

230,111

207,308

188,319

181,140

165,966

152,339

> Total Liabilities

0
187,892
196,594
205,258
222,500
225,395
250,830
270,598
284,818
300,945
306,572
321,529
351,084
370,646
376,172
395,666
420,789
416,856
402,047
412,421
411,763
0
432,360
445,960
450,217
464,960
466,976
461,116
464,029
458,872
456,720
470,774
487,739
496,990
518,128
514,391
541,770
521,920
529,482
565,742
597,261
584,320
580,773
595,813
606,750
619,768
606,950
634,028
674,486
677,736
687,843
716,576
818,775
826,790
843,642
864,159
918,973
905,818
932,395
907,045
944,085
961,218
975,455
980,139
995,891
956,912
961,727
991,812
1,035,215
1,042,248
1,344,973
1,325,069
1,381,784
1,533,452
1,627,844
1,716,971
1,821,987
1,814,370
1,872,537
1,856,282
1,841,719
1,799,204
32,213
33,759
1,676,330
1,677,676

1,677,676

1,676,330

33,759

32,213

1,799,204

1,841,719

1,856,282

1,872,537

1,814,370

1,821,987

1,716,971

1,627,844

1,533,452

1,381,784

1,325,069

1,344,973

1,042,248

1,035,215

991,812

961,727

956,912

995,891

980,139

975,455

961,218

944,085

907,045

932,395

905,818

918,973

864,159

843,642

826,790

818,775

716,576

687,843

677,736

674,486

634,028

606,950

619,768

606,750

595,813

580,773

584,320

597,261

565,742

529,482

521,920

541,770

514,391

518,128

496,990

487,739

470,774

456,720

458,872

464,029

461,116

466,976

464,960

450,217

445,960

432,360

411,763

412,421

402,047

416,856

420,789

395,666

376,172

370,646

351,084

321,529

306,572

300,945

284,818

270,598

250,830

225,395

222,500

205,258

196,594

187,892

> Total Current Liabilities

0
473
468
396
22,871
5,299
24,793
31,396
9,775
9,222
21,612
33,920
10,505
16,861
10,435
22,921
8,659
60,937
2,812
2,812
0
0
2,801
2,730
2,968
0
0
0
0
0
0
0
0
0
2,416
2,886
2,566
3,193
3,075
5,659
3,619
4,105
3,644
4,171
4,702
3,771
3,972
3,850
5,043
4,745
3,906
3,999
4,084
4,350
5,184
4,404
5,567
6,649
6,609
5,329
5,203
5,877
4,840
5,715
9,354
14,720
13,326
13,819
15,286
15,323
15,109
13,881
13,975
15,667
13,364
15,791
14,900
15,065
20,035
25,400
27,423
30,028
32,213
33,759
0
1,512,619

1,512,619

33,759

32,213

30,028

27,423

25,400

20,035

15,065

14,900

15,791

13,364

15,667

13,975

13,881

15,109

15,323

15,286

13,819

13,326

14,720

9,354

5,715

4,840

5,877

5,203

5,329

6,609

6,649

5,567

4,404

5,184

4,350

4,084

3,999

3,906

4,745

5,043

3,850

3,972

3,771

4,702

4,171

3,644

4,105

3,619

5,659

3,075

3,193

2,566

2,886

2,416

2,968

2,730

2,801

2,812

60,937

8,659

22,921

10,435

16,861

10,505

33,920

21,612

9,222

9,775

31,396

24,793

5,299

22,871

396

468

473

Short-term Debt

0
0
0
0
22,000
5,000
24,500
31,000
8,500
8,500
20,500
32,500
7,500
15,000
8,000
20,000
0
58,125
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

58,125

20,000

8,000

15,000

7,500

32,500

20,500

8,500

31,000

24,500

5,000

22,000

Accounts payable

0
473
468
396
871
299
293
396
1,275
722
1,112
1,420
3,005
1,861
2,435
2,921
8,659
2,812
2,812
2,812
377,348
0
2,801
2,730
2,968
410,089
419,941
431,533
429,211
431,624
435,755
448,904
476,738
485,641
2,416
2,886
2,566
3,193
3,075
5,659
3,619
4,105
3,644
4,171
4,702
3,771
3,972
3,850
5,043
4,745
3,906
3,999
4,084
4,350
5,184
4,404
5,567
6,649
6,609
5,329
5,203
5,877
4,840
5,715
9,354
14,720
13,326
13,819
15,286
15,323
15,109
13,881
13,975
15,667
13,364
15,791
14,900
15,065
20,035
25,400
27,423
30,028
32,213
33,759
0
0

33,759

32,213

30,028

27,423

25,400

20,035

15,065

14,900

15,791

13,364

15,667

13,975

13,881

15,109

15,323

15,286

13,819

13,326

14,720

9,354

5,715

4,840

5,877

5,203

5,329

6,609

6,649

5,567

4,404

5,184

4,350

4,084

3,999

3,906

4,745

5,043

3,850

3,972

3,771

4,702

4,171

3,644

4,105

3,619

5,659

3,075

3,193

2,566

2,886

2,416

485,641

476,738

448,904

435,755

431,624

429,211

431,533

419,941

410,089

2,968

2,730

2,801

377,348

2,812

8,659

2,921

2,435

1,861

3,005

1,420

1,112

722

1,275

396

293

299

871

396

468

473

Other Current Liabilities

0
-473
-468
-396
-22,871
-5,299
-24,793
-31,396
-9,775
-9,222
-21,612
-33,920
-10,505
-16,861
-10,435
-22,921
-8,659
-60,937
-2,812
-2,812
0
0
-2,801
-2,730
-2,968
0
0
0
0
0
0
0
0
0
-2,416
-2,886
-2,566
-3,193
-3,075
-5,659
-3,619
-4,105
-3,644
-4,171
-4,702
-3,771
-3,972
-3,850
-5,043
-4,745
-3,906
-3,999
-4,084
-4,350
-5,184
-4,404
-5,567
-6,649
-6,609
-5,329
-5,203
-5,877
-4,840
-5,715
-9,354
-14,720
-13,326
-13,819
-15,286
-15,323
-15,109
-13,881
-13,975
-15,667
-13,364
-15,791
-14,900
-15,065
-20,035
-25,400
-27,423
-30,028
-32,213
-33,759
0
1,512,619

1,512,619

-33,759

-32,213

-30,028

-27,423

-25,400

-20,035

-15,065

-14,900

-15,791

-13,364

-15,667

-13,975

-13,881

-15,109

-15,323

-15,286

-13,819

-13,326

-14,720

-9,354

-5,715

-4,840

-5,877

-5,203

-5,329

-6,609

-6,649

-5,567

-4,404

-5,184

-4,350

-4,084

-3,999

-3,906

-4,745

-5,043

-3,850

-3,972

-3,771

-4,702

-4,171

-3,644

-4,105

-3,619

-5,659

-3,075

-3,193

-2,566

-2,886

-2,416

-2,968

-2,730

-2,801

-2,812

-60,937

-8,659

-22,921

-10,435

-16,861

-10,505

-33,920

-21,612

-9,222

-9,775

-31,396

-24,793

-5,299

-22,871

-396

-468

-473

> Long-term Liabilities

0
15,500
23,000
27,500
0
18,000
11,000
10,000
9,500
5,000
2,000
2,000
11,500
0
0
0
33,600
3,000
29,350
23,000
411,763
0
71,400
78,000
69,000
464,960
466,976
461,116
464,029
458,872
456,720
470,774
487,739
496,990
6,000
6,000
3,000
3,000
3,075
5,659
3,467
3,467
3,644
4,171
1,163
1,163
3,972
3,850
2,470
2,470
3,906
3,999
2,707
2,707
5,184
4,404
1,036
1,036
6,609
5,329
1,554
1,554
4,840
5,715
830
830
13,326
13,819
1,928
1,928
30,000
13,881
13,975
15,667
13,364
15,791
14,900
15,065
20,035
25,400
27,423
30,028
188,408
177,691
0
165,057

165,057

177,691

188,408

30,028

27,423

25,400

20,035

15,065

14,900

15,791

13,364

15,667

13,975

13,881

30,000

1,928

13,819

13,326

830

5,715

4,840

1,554

5,329

6,609

1,036

4,404

5,184

2,707

3,999

3,906

2,470

3,850

3,972

1,163

4,171

3,644

3,467

5,659

3,075

3,000

6,000

496,990

487,739

470,774

456,720

458,872

464,029

461,116

466,976

464,960

69,000

78,000

71,400

411,763

23,000

29,350

3,000

33,600

11,500

2,000

5,000

9,500

10,000

11,000

18,000

27,500

23,000

15,500

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,751
0
0
0
3,550
0
2,801
2,730
2,969
2,871
2,935
2,583
2,619
2,948
2,464
3,370
3,000
3,349
2,416
2,886
2,566
3,194
3,075
5,659
3,619
4,105
3,644
4,171
4,703
3,771
3,972
3,850
5,043
4,745
3,906
3,999
4,084
4,350
5,184
4,404
5,567
6,649
6,609
5,329
5,203
5,877
4,796
5,684
9,314
14,681
13,287
13,790
9,043
15,259
13,585
13,863
7,599
15,646
13,347
15,773
7,416
15,047
20,018
25,383
19,294
0
0
0
0
0

19,294

25,383

20,018

15,047

7,416

15,773

13,347

15,646

7,599

13,863

13,585

15,259

9,043

13,790

13,287

14,681

9,314

5,684

4,796

5,877

5,203

5,329

6,609

6,649

5,567

4,404

5,184

4,350

4,084

3,999

3,906

4,745

5,043

3,850

3,972

3,771

4,703

4,171

3,644

4,105

3,619

5,659

3,075

3,194

2,566

2,886

2,416

3,349

3,000

3,370

2,464

2,948

2,619

2,583

2,935

2,871

2,969

2,730

2,801

3,550

8,751

> Total Stockholder Equity

0
16,827
17,586
17,219
17,998
26,593
26,888
27,336
28,245
28,827
30,052
30,106
31,038
31,815
32,931
33,025
34,424
35,665
39,287
41,462
42,640
0
43,735
44,151
57,986
58,786
58,630
60,063
60,692
61,404
62,484
64,105
64,658
65,779
54,134
69,564
70,402
71,592
66,935
62,075
63,219
64,098
63,457
63,379
65,310
67,824
71,369
72,793
74,991
75,816
76,165
77,147
78,263
78,960
81,993
82,858
82,450
84,061
88,100
89,676
90,767
91,595
94,145
95,666
99,038
102,218
106,583
109,320
112,570
114,387
119,907
123,982
129,694
131,942
136,620
139,788
142,612
131,649
118,698
106,188
126,627
141,470
147,122
135,095
166,092
166,092

166,092

135,095

147,122

141,470

126,627

106,188

118,698

131,649

142,612

139,788

136,620

131,942

129,694

123,982

119,907

114,387

112,570

109,320

106,583

102,218

99,038

95,666

94,145

91,595

90,767

89,676

88,100

84,061

82,450

82,858

81,993

78,960

78,263

77,147

76,165

75,816

74,991

72,793

71,369

67,824

65,310

63,379

63,457

64,098

63,219

62,075

66,935

71,592

70,402

69,564

54,134

65,779

64,658

64,105

62,484

61,404

60,692

60,063

58,630

58,786

57,986

44,151

43,735

42,640

41,462

39,287

35,665

34,424

33,025

32,931

31,815

31,038

30,106

30,052

28,827

28,245

27,336

26,888

26,593

17,998

17,219

17,586

16,827

Common Stock

0
9,611
9,649
9,733
8,828
17,605
17,742
17,782
16,874
17,847
17,893
18,109
17,199
18,776
18,920
19,062
17,649
0
0
0
22,843
0
23,019
23,019
23,863
23,863
23,863
23,933
23,934
23,933,440
23,933,440
24,003,550
24,004
24,013,443
67,634
23,180,206
23,453
23,562,196
23,603,460
23,673,210
23,673
23,758
23,758
23,758
23,758
24,649
24,682
24,682
24,682
24,682
24,682
24,682
24,682
24,682
24,682
24,682
24,682
24,682
24,698
24,773
24,773
25,422
25,422
25,422
25,429
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
25,435
0
25,435

25,435

25,429

25,422

24,773

24,698

24,682

24,649

23,758

23,673

23,673,210

23,603,460

23,562,196

23,453

23,180,206

67,634

24,013,443

24,004

24,003,550

23,933,440

23,934

23,933

23,863

23,019

22,843

17,649

19,062

18,920

18,776

17,199

18,109

17,893

17,847

16,874

17,782

17,742

17,605

8,828

9,733

9,649

9,611

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,210
27,661
28,630
29,922
31,159
32,554
33,959
35,191
36,565
38,070
38,984
40,393
42,930
43,940
45,582
46,300
47,810
48,304
48,795
49,334
51,239
52,198
54,520
55,716
58,546
60,003
61,429
63,015
65,606
67,707
70,686
72,684
75,647
77,769
80,961
82,521
85,102
87,700
92,349
95,514
99,474
102,833
0
107,433
111,691
117,253
0
134,003
142,407
0
0
0

142,407

134,003

117,253

111,691

107,433

102,833

99,474

95,514

92,349

87,700

85,102

82,521

80,961

77,769

75,647

72,684

70,686

67,707

65,606

63,015

61,429

60,003

58,546

55,716

54,520

52,198

51,239

49,334

48,795

48,304

47,810

46,300

45,582

43,940

42,930

40,393

38,984

38,070

36,565

35,191

33,959

32,554

31,159

29,922

28,630

27,661

26,210

Accumulated Other Comprehensive Income

0
-137
86
-334
281
-133
-824
-404
67
-731
-449
-572
-371
-796
-663
-361
-205
-144
-389
-151
46
0
1,733
80
290
959
1,000
1,637
1,683
1,594
1,780
2,335
1,544
1,647
2,209
3,101
2,690
2,422
3,180
3,554
3,245
2,771
703
-933
-763
112
1,021
1,373
1,867
1,862
640
1,054
1,569
1,664
2,726
2,566
-225
157
1,328
1,349
989
159
-17
-707
-435
700
1,977
2,480
2,397
2,594
5,413
6,763
7,694
6,714
7,281
6,976
6,188
-5,971
-23,331
-41,544
-30,727
-23,127
-26,006
-44,157
0
-19,156

-19,156

-44,157

-26,006

-23,127

-30,727

-41,544

-23,331

-5,971

6,188

6,976

7,281

6,714

7,694

6,763

5,413

2,594

2,397

2,480

1,977

700

-435

-707

-17

159

989

1,349

1,328

157

-225

2,566

2,726

1,664

1,569

1,054

640

1,862

1,867

1,373

1,021

112

-763

-933

703

2,771

3,245

3,554

3,180

2,422

2,690

3,101

2,209

1,647

1,544

2,335

1,780

1,594

1,683

1,637

1,000

959

290

1,733

-151

-389

-144

-205

-361

-663

-796

-371

-572

-449

-731

-404

-824

-133

281

-334

-137

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,104
2,121
2,129
2,186
2,243
2,294
2,342
2,378
2,430
2,483
2,537
2,670
2,736
2,798
2,910
2,972
3,033
3,107
3,217
3,280
3,346
3,412
3,473
3,506
3,528
3,551
3,576
2,999
3,134
3,244
3,358
3,399
3,524
3,636
3,777
3,837
3,957
4,084
4,216
4,279
4,430
4,544
0
4,752
4,903
5,044
0
5,159
5,286
0
0
0

5,286

5,159

5,044

4,903

4,752

4,544

4,430

4,279

4,216

4,084

3,957

3,837

3,777

3,636

3,524

3,399

3,358

3,244

3,134

2,999

3,576

3,551

3,528

3,506

3,473

3,412

3,346

3,280

3,217

3,107

3,033

2,972

2,910

2,798

2,736

2,670

2,537

2,483

2,430

2,378

2,342

2,294

2,243

2,186

2,129

2,121

2,104

Treasury Stock

Other Stockholders Equity

0
649
649
649
1,024
649
649
649
1,077
649
649
649
1,213
0
0
0
19,150
19,329
22,193
24,562
1,748
0
23,019
24,922
25,789
25,813
25,829
25,915
25,931
-23,907,487
-23,907,463
-23,977,479
26,084
-23,987,337
-55,016
-23,154,905
25,582
-23,536,448
-23,577,614
-23,653,993
-4,408
2,378
2,430
2,483
2,537
2,670
2,736
2,798
2,910
2,972
3,033
3,107
3,217
3,280
3,346
3,412
3,473
3,506
3,528
3,551
3,576
2,999
3,134
3,244
3,358
3,399
3,524
3,636
3,777
3,837
3,957
4,084
4,216
4,279
4,430
4,544
4,689
4,752
4,903
5,044
5,191
5,159
5,286
5,381
0
5,512

5,512

5,381

5,286

5,159

5,191

5,044

4,903

4,752

4,689

4,544

4,430

4,279

4,216

4,084

3,957

3,837

3,777

3,636

3,524

3,399

3,358

3,244

3,134

2,999

3,576

3,551

3,528

3,506

3,473

3,412

3,346

3,280

3,217

3,107

3,033

2,972

2,910

2,798

2,736

2,670

2,537

2,483

2,430

2,378

-4,408

-23,653,993

-23,577,614

-23,536,448

25,582

-23,154,905

-55,016

-23,987,337

26,084

-23,977,479

-23,907,463

-23,907,487

25,931

25,915

25,829

25,813

25,789

24,922

23,019

1,748

24,562

22,193

19,329

19,150

1,213

649

1,077

649

1,024

649

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31
Accounts Payable	0	27,423	14,900	13,975	15,286	9,354	5,203	5,567	4,084	5,043	4,702	3,619	2,566	476,738	429,211	2,968	377,348	8,659	3,005	1,275	871	752	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-19,156	-30,727	6,188	7,694	2,397	-435	989	-225	1,569	1,867	-763	3,245	2,690	1,544	1,683	290	46	-205	-371	67	281	478	16
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	25,435	25,435	25,435	25,435	25,435	25,429	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	4,216	3,777	3,358	3,576	3,473	3,217	2,910	2,537	2,342	2,129	0	0	0	0	0	0	0	0	0	0
Cash	180,068	415,803	735,332	193,571	133,809	116,425	142,968	179,025	174,778	132,078	100,096	130,800	73,190	28,092	20,004	9,073	14,203	25,179	20,501	7,298	12,630	9,635	13,312
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	698,146	943,241	998,221	410,735	323,897	323,137	325,328	339,358	306,324	253,355	217,841	234,666	73,190	28,092	20,004	9,073	14,203	25,179	20,501	7,298	12,630	9,635	13,312
Common Stock	25,435	25,435	25,435	25,435	25,435	25,429	24,773	24,682	24,682	24,682	23,758	23,673	23,453,443	24,003,549	23,933,440	23,863	22,843	17,649	17,199	16,874	8,828	8,694	8,525
Common Stock Shares Outstanding	8,231	8,205	8,179	8,139	8,117	8,100	8,048	8,083	8,037	7,993	7,846	7,767	7,739	7,721	7,720	7,739	7,548	7,103	7,339	7,007	5,884	5,667	5,488
Common Stock Total Equity	0	0	0	0	25,435	25,429	24,773	24,682	24,682	24,682	23,758	23,673	23,453	0	0	0	22,843	0	17,199	16,874	8,828	8,694	8,525
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	211,931	223,895	192,700	175,913	151,087	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	3,313	3,313	3,313	3,313	0	0	3,313	3,313	662	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	160	3,558	3,647	3,740	3,837	3,942	743	872	1,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	-706,532	-391,319	-782,325	-232,345	-151,051	0	253	1,210	2,066	884	916	0	244	778	2,150	2,746	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	1,843,768	1,968,346	1,964,599	1,511,478	1,147,785	1,094,929	1,034,852	1,001,423	897,038	749,477	672,060	660,480	612,172	552,396	524,722	508,203	454,403	455,213	382,122	313,063	240,498	193,351	157,963
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	3,000	5,000	34,500	3,000	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	534,894	545,010	270,639	225,277	931,135	215,294	182,626	160,661	532,460	447,376	412,072	382,411	386,958	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-180,068	-415,803	-735,332	-193,571	-133,809	-116,425	-142,968	-179,025	-174,778	-132,078	-100,096	-130,800	-70,190	-20,092	12,196	59,927	47,797	8,421	-1,501	10,702	9,370	1,865	1,188
Net Invested Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	8,386	7,930	4,058	5,689	3,457	3,755	3,171	2,831	2,420	2,024	2,011	1,654	20,690	24,033	22,195	1,886	0	12,813	11,915	10,364	8,100	6,889	5,346
Net Tangible Assets	0	123,068	136,117	120,218	108,733	95,096	86,711	78,265	78,263	75,041	64,517	63,219	56,902	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-1,287,665	969,992	987,379	402,449	312,068	317,538	323,296	336,622	304,660	250,336	215,150	232,701	91,314	0	0	7,991	0	29,334	21,911	7,887	-2,141	4,273	4,158
Non Current Assets Total	1,618,814	18,858	296,242	249,372	221,883	234,173	201,160	178,534	147,904	135,798	131,945	117,623	103,194	82,417	60,933	53,388	43,481	41,762	36,919	36,366	31,449	35,229	29,366
Non Current Liabilities Other	0	0	0	13,975	15,286	9,354	5,203	5,567	4,084	5,043	4,702	3,619	5,566	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	165,057	27,423	214,515	149,608	109,613	830	1,554	1,036	2,707	2,470	1,163	3,467	3,000	8,000	32,200	69,000	62,000	33,600	11,500	9,500	0	0	0
Non Currrent Assets Other	1,558,390	-571,385	-6,023	-5,881	-5,035	-234,173	-201,160	-178,534	-147,904	-135,798	-131,945	-117,623	-103,194	-82,417	-60,933	-53,388	-43,481	-41,762	-36,919	-36,366	-31,449	-35,229	-29,366
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	1,111,691	952,073	666,078	845,682	598,548	533,864	505,193	480,700	440,390	358,300	320,262	306,536	415,097	417,854	421,590	443,855	396,719	375,459	312,787	259,035	188,319	141,598	109,939
Other Current Assets	224,954	437,563	782,325	232,345	151,051	533,822	505,193	481,387	440,390	2,024	5,095	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	1,512,619	-27,423	-14,900	-13,975	-15,286	-9,354	-5,203	-5,567	-4,084	-5,043	-4,702	-3,619	-2,566	0	0	-2,968	0	-8,659	-10,505	-9,775	-22,871	-12,252	-14,500
Other Liab	0	19,294	7,416	7,599	9,043	9,314	5,158	5,522	4,048	5,043	4,703	3,619	2,566	3,000	2,619	2,969	3,550	8,751	0	0	0	0	0
Other Stockholder Equity	5,512	5,191	4,689	4,216	3,777	3,358	3,576	3,473	3,217	2,860	3,330	-8,816	25,582	26,084	12,431	25,789	1,748	19,150	1,213	1,077	1,024	967	967
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	6,750	13,500	13,014	12,847	12,681	0	0	0	0	0	0	0
Property Plant And Equipment Gross	34,920	34,071	31,668	35,096	19,541	14,937	14,478	13,688	14,277	14,066	13,684	13,182	13,499	29,149	10,167	11,094	10,109	5,513	3,870	3,082	2,759	2,264	2,254
Property Plant And Equipment Net	22,718	23,055	21,956	20,355	19,541	14,937	14,478	13,688	14,277	14,066	13,684	13,182	13,499	29,149	10,167	11,094	10,109	5,513	3,870	3,082	2,759	2,264	2,254
Property Plant Equipment	0	23,055	21,956	20,355	15,229	14,937	14,478	13,688	14,277	14,066	13,684	13,182	13,744	10,174	10,167	11,094	10,109	5,513	0	0	0	0	0
Retained Earnings	154,301	126,728	106,300	92,349	80,961	70,686	61,429	54,520	48,795	45,582	38,984	33,959	28,630	24,016	20,231	19,227	18,002	15,479	12,997	10,228	7,864	6,237	5,059
Retained Earnings Total Equity	0	0	0	92,349	80,961	70,686	61,429	54,520	48,795	45,582	38,984	33,959	28,630	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	3,000	8,000	32,200	69,000	62,000	33,600	19,000	18,000	22,000	11,500	14,500
Short Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,500	8,500	22,000	11,500	14,500
Short Term Investments	518,078	527,438	262,889	217,164	190,088	206,712	182,360	160,333	131,546	121,277	117,746	103,866	89,694,859	53,267,982	50,765,314	31,489	3,805	2,640	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	1,843,768	1,968,346	1,964,599	1,511,478	1,147,785	1,094,929	1,034,852	1,001,423	897,038	749,477	672,060	660,480	612,172	552,396	524,722	508,203	454,403	455,213	382,122	313,063	240,498	193,351	157,963
Total Current Assets	224,954	997,415	1,002,279	416,424	327,354	326,892	328,499	342,189	308,744	255,379	219,852	236,320	93,880	52,125	42,199	10,959	14,203	37,993	32,416	17,662	20,730	16,524	18,658
Total Current Liabilities	1,512,619	27,423	14,900	13,975	15,286	9,354	5,203	5,567	4,084	5,043	4,702	3,619	2,566	0	0	2,968	0	8,659	10,505	9,775	22,871	12,252	14,500
Total Liab	1,677,676	1,841,719	14,900	13,975	15,286	995,891	5,203	5,567	4,084	5,043	4,702	3,619	541,770	8,000	32,200	450,217	62,000	420,789	351,084	284,818	22,871	12,252	14,500
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	166,092	126,627	142,612	129,694	112,570	99,038	90,767	82,450	78,263	74,991	65,310	63,219	70,402	64,658	47,192	57,986	42,640	34,424	31,038	28,245	17,998	16,375	14,566
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-03-31
Accounts Payable	0	0	33,759	32,213	30,028	27,423	25,400	20,035	15,065	14,900	15,791	13,364	15,667	13,975	13,881	15,109	15,323	15,286	13,819	13,326	14,720	9,354	5,715	4,840	5,877	5,203	5,329	6,609	6,649	5,567	4,404	5,184	4,350	4,084	3,999	3,906	4,745	5,043	3,850	3,972	3,771	4,702	4,171	3,644	4,105	3,619	5,659	3,075	3,193	2,566	2,886	2,416	485,641	476,738	448,904	435,755	431,624	429,211	431,533	419,941	410,089	2,968	2,730	2,801	0	377,348	2,812	2,812	2,812	8,659	2,921	2,435	1,861	3,005	1,420	1,112	722	1,275	396	293	299	871	396	468	473	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-19,156	0	-44,157	-26,006	-23,127	-30,727	-41,544	-23,331	-5,971	6,188	6,976	7,281	6,714	7,694	6,763	5,413	2,594	2,397	2,480	1,977	700	-435	-707	-17	159	989	1,349	1,328	157	-225	2,566	2,726	1,664	1,569	1,054	640	1,862	1,867	1,373	1,021	112	-763	-933	703	2,771	3,245	3,554	3,180	2,422	2,690	3,101	2,209	1,647	1,544	2,335	1,780	1,594	1,683	1,637	1,000	959	290	80	1,733	0	46	-151	-389	-144	-205	-361	-663	-796	-371	-572	-449	-731	67	-404	-824	-133	281	-334	86	-137	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	0	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Surpluse	0	0	0	5,286	5,159	0	5,044	4,903	4,752	0	4,544	4,430	4,279	4,216	4,084	3,957	3,837	3,777	3,636	3,524	3,399	3,358	3,244	3,134	2,999	3,576	3,551	3,528	3,506	3,473	3,412	3,346	3,280	3,217	3,107	3,033	2,972	2,910	2,798	2,736	2,670	2,537	2,483	2,430	2,378	2,342	2,294	2,243	2,186	2,129	2,121	2,104	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	180,068	180,068	238,836	268,496	359,133	415,803	401,055	451,075	627,775	735,332	623,408	478,712	303,665	193,571	120,890	116,532	72,884	133,809	106,009	72,152	87,292	116,425	151,656	158,775	151,406	142,968	129,633	171,179	154,945	179,025	133,243	162,624	154,033	174,778	136,594	126,899	130,638	132,078	104,977	76,093	89,279	100,096	84,313	102,217	96,098	130,800	93,642	64,638	65,338	73,190	74,468	67,245	40,546	28,092	36,322	21,589	23,946	20,004	9,601	12,207	11,135	9,073	10,264	11,331	0	14,203	10,069	9,794	8,090	25,179	13,548	16,581	12,735	20,501	13,547	10,784	11,790	7,298	8,211	8,733	7,482	12,630	7,248	8,871	8,708	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	-180,068	0	723,761	784,347	891,683	943,241	911,100	952,615	976,917	998,221	865,095	715,487	519,145	410,735	347,802	358,073	318,039	323,897	299,610	277,350	287,697	323,137	356,894	363,488	349,627	325,328	310,490	346,431	324,814	339,358	293,320	312,923	298,294	306,324	266,091	254,796	251,826	253,355	229,176	200,572	208,877	217,841	201,455	221,545	210,677	234,666	93,642	64,638	65,338	73,190	74,468	67,245	40,546	28,092	36,322	21,589	23,946	20,004	9,601	12,207	11,135	9,073	10,264	11,331	0	14,203	10,069	9,794	8,090	25,179	13,548	16,581	12,735	20,501	13,547	10,784	11,790	7,298	8,211	8,733	7,482	12,630	7,248	8,871	8,708	-
Common Stock	25,435	0	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,429	25,422	25,422	25,422	24,773	24,773	24,698	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,649	23,758	23,758	23,758	23,758	23,673	23,673,210	23,603,460	23,562,196	23,453	23,180,206	67,634	24,013,443	24,004	24,003,550	23,933,440	23,933,440	23,934	23,933	23,863	23,863	23,863	23,019	23,019	0	22,843	0	0	0	17,649	19,062	18,920	18,776	17,199	18,109	17,893	17,847	16,874	17,782	17,742	17,605	8,828	9,733	9,649	9,611	-
Common Stock Shares Outstanding	8,237	8,237	8,232	8,227	8,227	8,214	8,206	8,201	8,197	8,252	8,183	8,178	8,166	8,156	8,134	8,130	8,135	8,127	8,120	8,117	8,102	8,097	8,104	8,098	8,077	7,945	8,083	8,080	8,072	8,067	8,063	8,060	8,052	8,045	8,041	8,037	8,025	8,016	8,011	8,002	7,941	7,859	7,851	7,843	7,830	7,794	7,778	7,751	7,744	7,723	7,731	7,745	7,742	7,711	7,729	7,720	7,705	7,682	7,694	7,662	7,704	7,662	7,743	7,698	7,696	7,103	7,103	7,103	7,103	7,103	7,103	7,350	7,103	6,911	7,337	7,337	7,314	6,881	7,192	7,141	6,342	5,591	5,591	5,591	5,591	5,524
Common Stock Total Equity	0	0	0	25,435	25,435	0	25,435	25,435	25,435	0	25,435	0	25,435	0	25,435	25,435	25,435	25,435	25,435	25,435	25,435	25,429	25,422	25,422	25,422	24,773	24,773	24,698	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,682	24,649	23,758	23,758	23,758	23,758	23,673	23,673	23,603	23,562	23,453	23,180	67,634	0	0	0	0	0	0	0	0	0	0	0	0	0	22,843	0	0	0	0	19,062	18,920	18,776	17,199	18,109	17,893	17,847	16,874	17,782	17,742	17,605	8,828	9,733	9,649	9,611	-
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	268,456	207,170	207,269	227,843	210,231	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	3,313	0	0	0	0	3,313	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,313	3,313	3,313	3,313	3,312	3,312	3,313	3,313	0	0	662	662	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	160	0	3,494	3,515	3,537	3,558	3,581	3,603	3,625	3,647	3,671	3,694	3,717	3,740	3,764	3,788	3,812	3,837	3,863	3,889	3,915	3,942	3,970	3,999	743	743	3,312	3,312	872	872	0	0	1,031	1,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory	171,682	0	-341,556	-360,678	-447,065	-391,319	-451,863	-506,424	0	0	0	0	0	0	137	0	0	0	0	0	0	0	0	0	0	253	253	1,210	1,210	1,210	1,485	1,231	2,066	2,066	834	834	834	884	884	899	916	916	916	1,827	971	0	0	0	0	244	244	244	559	778	1,143	1,812	2,456	2,150	1,991	2,813	3,267	2,746	4,365	3,547	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	1,843,768	0	1,835,402	1,861,713	1,940,674	1,968,346	1,962,470	1,991,235	1,946,019	1,964,599	1,856,759	1,764,464	1,665,394	1,511,478	1,449,051	1,464,880	1,156,635	1,147,785	1,101,132	1,068,310	1,059,130	1,094,929	1,075,805	1,069,600	1,052,813	1,034,852	996,721	1,020,495	989,879	1,001,423	947,017	925,635	905,750	897,038	793,723	764,008	753,552	749,477	706,821	678,319	687,591	672,060	659,192	644,230	648,418	660,480	627,817	596,417	593,513	612,172	583,955	572,262	562,769	552,396	534,879	519,203	520,275	524,722	521,179	525,606	523,747	508,203	490,111	476,095	0	454,403	453,883	441,334	452,521	455,213	428,691	409,103	402,461	382,122	351,635	336,624	329,772	313,063	297,934	277,718	251,988	240,498	222,477	214,180	204,719	-
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,000	6,000	6,000	8,000	8,000	18,500	18,500	24,300	32,200	27,000	44,100	52,000	69,000	78,000	71,400	0	3,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Investments	0	534,894	487,848	515,851	532,550	545,010	512,993	1,397,181	1,196,020	270,639	1,099,920	240,188	1,226,903	225,277	1,236,081	1,226,345	994,881	931,135	196,884	208,438	203,576	908,932	859,233	849,849	837,123	652,989	626,911	615,292	604,285	602,314	594,135	570,899	559,639	532,460	470,450	456,508	446,150	447,376	428,727	428,554	415,342	412,072	405,545	382,512	381,632	382,411	380,208	381,958	384,219	386,958	381,818	381,194	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-180,068	0	-238,836	-268,496	-359,133	-415,803	-401,055	-451,075	-627,775	-735,332	-623,408	-478,712	-303,665	-193,571	-120,890	-86,532	-72,884	-133,809	-106,009	-72,152	-87,292	-116,425	-151,656	-158,775	-151,406	-142,968	-129,633	-171,179	-154,945	-179,025	-133,243	-162,624	-154,033	-174,778	-136,594	-126,899	-130,638	-132,078	-104,977	-76,093	-89,279	-100,096	-84,313	-102,217	-96,098	-130,800	-93,642	-64,638	-65,338	-70,190	-68,468	-61,245	-32,546	-20,092	-17,822	-3,089	354	12,196	17,399	31,893	40,865	59,927	67,736	60,069	0	47,797	12,931	19,556	53,035	8,421	6,452	-8,581	2,265	-1,501	20,953	11,716	1,710	10,702	32,789	26,767	15,518	9,370	20,252	14,129	6,792	-
Net Invested Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	149,907	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	8,386	2,866	58,852	52,217	50,434	7,930	55,678	42,352	29,044	4,058	23,349	22,922	23,384	5,689	22,078	22,192	21,778	3,457	22,024	22,644	22,655	3,755	12,689	12,586	12,436	3,171	36,024	34,569	34,567	2,831	31,831	27,891	28,245	2,420	23,426	23,874	22,622	2,024	22,534	23,038	23,058	2,011	23,173	22,245	20,451	1,654	20,761	21,105	21,468	20,690	20,872	21,876	24,066	24,033	21,426	22,013	22,410	22,195	22,040	22,871	23,137	1,886	20,931	20,100	0	0	2,096	2,096	2,096	12,813	-	1,631	1,670	11,915	1,391	1,290	1,178	10,364	1,058	992	992	8,100	921	843	919	-
Net Tangible Assets	0	0	0	143,607	137,933	123,068	115,095	128,024	138,965	136,117	132,926	128,225	128,225	120,218	120,218	116,119	110,575	108,733	105,457	102,694	98,303	95,096	91,696	90,146	87,568	90,767	89,676	88,100	84,061	82,450	82,858	81,993	78,960	78,263	77,147	76,165	75,816	75,041	72,793	71,369	67,824	64,517	63,379	63,457	64,098	63,219	62,075	60,185	58,092	56,902	56,064	54,537	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-1,287,665	0	690,002	752,134	861,655	969,992	941,378	974,932	990,896	987,379	849,304	702,123	503,478	179,596	333,921	342,964	302,716	118,523	285,791	264,024	272,977	107,071	351,179	358,648	343,750	137,765	305,161	339,822	318,165	173,458	288,916	307,739	293,944	170,694	262,092	250,890	247,081	127,035	225,326	196,600	208,872,827	100,090,858	201,451,052	221,541,078	210,672,893	232,701	199,968,549	172,882,291	170,419,412	91,314	161,264,867	146,104,710	0	0	0	0	0	0	0	0	0	7,991	30,745	32,240	0	0	9,353	9,078	-50,751	29,334	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	1,618,814	0	19,432	19,748	18,659	18,858	531,765	523,498	371,220	296,242	19,115	19,336	19,461	19,510	19,520	19,079	18,986	19,066	18,930	18,739	18,582	18,879	19,084	19,019	18,835	14,478	13,048	13,223	13,443	13,688	13,712	13,922	14,037	14,277	13,736	13,715	13,894	14,066	13,614	13,760	13,940,103	13,684,161	12,607,621	12,600,334	12,917,443	117,623	13,104,229	13,228,904	13,293,112	103,194	13,393,214	12,795,628	10,026,735	82,417	10,334,633	10,392,433	10,453,962	60,933	63,935	65,021	63,331	53,388	43,145	45,137	0	43,481	44,729	44,351	44,525	41,762	43,457	44,164	42,949	36,919	38,858	38,974	39,148	36,366	38,502	37,882	36,206	31,449	33,168	38,500	42,753	-
Non Current Liabilities Other	0	0	0	32,213	30,028	0	25,400	20,035	15,065	0	15,791	13,364	15,667	13,975	13,881	45,109	15,323	15,286	13,819	13,326	14,720	9,354	5,715	4,840	5,877	5,203	5,329	6,609	6,649	5,567	4,404	5,184	4,350	4,084	3,999	3,906	4,745	5,043	3,850	3,972	3,771	4,702	4,171	3,644	4,105	3,619	5,659	3,075	3,193	5,566	8,886	8,416	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	165,057	0	177,691	188,408	30,028	27,423	25,400	20,035	15,065	14,900	15,791	13,364	15,667	13,975	13,881	30,000	1,928	1,928	13,819	13,326	830	830	5,715	4,840	1,554	1,554	5,329	6,609	1,036	1,036	4,404	5,184	2,707	2,707	3,999	3,906	2,470	2,470	3,850	3,972	1,163	1,163	4,171	3,644	3,467	3,467	5,659	3,075	3,000	3,000	6,000	6,000	496,990	487,739	470,774	456,720	458,872	464,029	461,116	466,976	464,960	69,000	78,000	71,400	0	411,763	23,000	29,350	3,000	33,600	-	-	-	11,500	2,000	2,000	5,000	9,500	10,000	11,000	18,000	-	27,500	23,000	15,500	-
Non Currrent Assets Other	1,558,390	0	-487,848	-518,893	-535,615	-571,385	-531,765	-523,498	-371,220	-296,242	-245,093	-240,188	-218,877	-229,862	-230,330	-244,947	-248,526	-202,817	-196,884	-208,438	-203,576	-215,294	-208,298	-207,781	-201,292	-186,682	-180,857	-175,252	-169,869	-164,846	-160,077	-150,299	-144,261	-133,627	-129,497	-127,897	-121,188	-121,732	-124,199	-124,479	13,806,565	13,552,216	12,477,871	12,468,406	12,789,947	-117,623	12,984,793	13,107,428	13,174,734	-103,194	13,293,021	12,703,971	9,943,036	-82,417	10,269,275	10,329,797	10,392,517	-60,933	-63,935	-65,021	-63,331	-53,388	-43,145	-45,137	0	-43,481	-44,729	-44,351	-44,525	-41,762	-43,457	-44,164	-42,949	-36,919	-38,858	-38,974	-39,148	-36,366	-38,502	-37,882	-36,206	-31,449	-33,168	-38,500	-42,753	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	1,842,422	1,842,422	1,092,209	1,057,618	1,030,332	952,073	463,927	472,770	568,838	666,078	972,549	1,029,641	1,126,788	1,298,397	1,081,729	1,087,728	819,610	994,910	782,592	772,221	752,851	959,625	699,827	687,093	684,351	877,406	673,183	660,841	651,622	808,710	639,985	598,790	593,419	707,983	513,896	495,497	487,832	603,333	464,031	463,987	-222,129,110	-113,107,661	-213,403,652	-233,500,826	-222,946,023	306,536	-212,450,620	-185,517,853	-183,122,204	415,097	-174,077,012	-158,330,492	-123,682,199	417,854	-101,145,102	-83,705,658	-84,870,802	421,590	405,433	408,183	413,416	443,855	413,492	395,917	0	396,719	396,989	385,093	397,810	375,459	371,686	346,727	345,107	312,787	297,839	285,576	277,656	259,035	250,163	230,111	207,308	188,319	181,140	165,966	152,339	-
Other Current Assets	224,954	0	282,704	308,461	396,631	437,563	451,863	506,424	4,225	694,462	704,107	766,531	884,527	845,682	829,321	820,589	549,306	598,548	563,684	541,828	523,171	533,822	478,840	466,726	470,623	505,193	2,730	2,889	0	481,387	0	0	0	440,390	0	0	0	2,024	0	0	26,375	5,095	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Liab	1,512,619	0	-33,759	-32,213	-30,028	-27,423	-25,400	-20,035	-15,065	-14,900	-15,791	-13,364	-15,667	-13,975	-13,881	-15,109	-15,323	-15,286	-13,819	-13,326	-14,720	-9,354	-5,715	-4,840	-5,877	-5,203	-5,329	-6,609	-6,649	-5,567	-4,404	-5,184	-4,350	-4,084	-3,999	-3,906	-4,745	-5,043	-3,850	-3,972	-3,771	-4,702	-4,171	-3,644	-4,105	-3,619	-5,659	-3,075	-3,193	-2,566	-2,886	-2,416	0	0	0	0	0	0	0	0	0	-2,968	-2,730	-2,801	0	0	-2,812	-2,812	-60,937	-8,659	-22,921	-10,435	-16,861	-10,505	-33,920	-21,612	-9,222	-9,775	-31,396	-24,793	-5,299	-22,871	-396	-468	-473	-
Other Liab	0	0	0	0	0	19,294	25,383	20,018	15,047	7,416	15,773	13,347	15,646	7,599	13,863	13,585	15,259	9,043	13,790	13,287	14,681	9,314	5,684	4,796	5,877	5,203	5,329	6,609	6,649	5,567	4,404	5,184	4,350	4,084	3,999	3,906	4,745	5,043	3,850	3,972	3,771	4,703	4,171	3,644	4,105	3,619	5,659	3,075	3,194	2,566	2,886	2,416	3,349	3,000	3,370	2,464	2,948	2,619	2,583	2,935	2,871	2,969	2,730	2,801	0	3,550	0	0	0	8,751	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	5,512	0	5,381	5,286	5,159	5,191	5,044	4,903	4,752	4,689	4,544	4,430	4,279	4,216	4,084	3,957	3,837	3,777	3,636	3,524	3,399	3,358	3,244	3,134	2,999	3,576	3,551	3,528	3,506	3,473	3,412	3,346	3,280	3,217	3,107	3,033	2,972	2,910	2,798	2,736	2,670	2,537	2,483	2,430	2,378	-4,408	-23,653,993	-23,577,614	-23,536,448	25,582	-23,154,905	-55,016	-23,987,337	26,084	-23,977,479	-23,907,463	-23,907,487	25,931	25,915	25,829	25,813	25,789	24,922	23,019	0	1,748	24,562	22,193	19,329	19,150	-	-	-	1,213	649	649	649	1,077	649	649	649	1,024	649	649	649	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,750	6,750	6,750	13,500	13,500	13,500	13,097	13,056	13,014	12,972	12,931	12,889	12,847	12,806	12,764	12,722	12,681	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	0	34,920	0	0	0	34,071	0	0	0	0	0	0	15,744	0	15,756	15,291	15,174	19,541	15,067	14,850	14,667	14,937	15,114	15,020	14,808	14,478	13,048	13,223	13,443	13,688	13,712	13,922	14,037	14,277	13,736	13,715	13,894	14,066	13,614	13,760	13,940	13,684	12,608	12,600	12,917	13,182	13,104	13,229	13,293	13,499	13,393	12,796	10,027	29,149	10,335	10,392	10,454	10,167	10,370	10,620	10,837	11,094	10,245	10,484	0	10,109	10,250	9,336	9,100	5,513	5,487	5,617	4,305	3,870	3,711	3,811	3,613	3,082	2,796	2,740	2,741	2,759	2,844	2,884	2,840	-
Property Plant And Equipment Net	22,718	22,718	15,938	16,233	15,122	23,055	15,191	15,248	15,224	21,956	15,444	15,642	15,744	20,355	15,756	15,291	15,174	19,541	15,067	14,850	14,667	14,937	15,114	15,020	14,808	14,478	13,048	13,223	13,443	13,688	13,712	13,922	14,037	14,277	13,736	13,715	13,894	14,066	13,614	13,760	13,940	13,684	12,608	12,600	12,917	13,182	13,104	13,229	13,293	13,499	13,393	12,796	10,027	29,149	10,335	10,392	10,454	10,167	10,370	10,620	10,837	11,094	10,245	10,484	0	10,109	10,250	9,336	9,100	5,513	5,487	5,617	4,305	3,870	3,711	3,811	3,613	3,082	2,796	2,740	2,741	2,759	2,844	2,884	2,840	-
Property Plant Equipment	0	0	0	16,233	15,122	23,055	15,191	15,248	15,224	21,956	15,444	15,642	15,744	20,355	15,756	15,291	15,174	15,229	15,067	14,850	14,667	14,937	15,114	15,020	14,808	14,478	13,301	13,223	13,443	13,688	13,712	13,922	14,037	14,277	13,736	13,715	13,894	14,066	13,614	13,760	13,940	13,684	13,524	14,428	13,888	13,182	13,104	13,229	13,293	13,744	13,638	13,040	10,027	10,174	10,335	10,392	10,454	10,167	10,370	10,620	10,837	11,094	10,245	10,484	0	10,109	0	0	0	5,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	154,301	154,301	148,436	142,407	134,003	126,728	117,253	111,691	107,433	106,300	102,833	99,474	95,514	92,349	87,700	85,102	82,521	80,961	77,769	75,647	72,684	70,686	67,707	65,606	63,015	61,429	60,003	58,546	55,716	54,520	52,198	51,239	49,334	48,795	48,304	47,810	46,300	45,582	43,940	42,930	40,393	38,984	38,070	36,565	35,191	33,959	32,554	31,159	29,922	28,630	27,661	26,210	24,972	24,016	22,727	21,796	20,968	20,231	19,706	19,037	19,293	19,227	19,149	18,982	0	18,002	17,051	17,483	16,480	15,479	14,324	14,674	13,835	12,997	11,920	11,959	11,062	10,228	9,309	9,321	8,472	7,864	7,171	7,202	6,704	-
Retained Earnings Total Equity	0	0	0	142,407	134,003	0	117,253	111,691	107,433	0	102,833	99,474	95,514	92,349	87,700	85,102	82,521	80,961	77,769	75,647	72,684	70,686	67,707	65,606	63,015	61,429	60,003	58,546	55,716	54,520	52,198	51,239	49,334	48,795	48,304	47,810	46,300	45,582	43,940	42,930	40,393	38,984	38,070	36,565	35,191	33,959	32,554	31,159	29,922	28,630	27,661	26,210	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,000	3,000	6,000	6,000	8,000	8,000	18,500	18,500	24,300	32,200	27,000	44,100	52,000	69,000	78,000	71,400	0	62,000	23,000	29,350	61,125	33,600	20,000	8,000	15,000	19,000	34,500	22,500	13,500	18,000	41,000	35,500	23,000	22,000	27,500	23,000	15,500	-
Short Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	58,125	0	20,000	8,000	15,000	7,500	32,500	20,500	8,500	8,500	31,000	24,500	5,000	22,000	-	-	-	-
Short Term Investments	518,078	518,078	484,925	515,851	532,550	527,438	510,045	501,540	349,142	262,889	241,687	236,775	215,480	217,164	226,912	241,541	245,155	190,088	193,601	205,198	200,405	206,712	205,238	204,713	198,221	182,360	180,857	175,252	169,869	160,333	160,077	150,299	144,261	131,546	129,497	127,897	121,188	121,277	124,199	124,479	119,598	117,746	117,142	119,328	114,579	103,866	106,331,946	108,247,438	105,084,610	89,695	86,799,674	78,861,655	73,672,173	40,845	55,023,463	52,243,890	50,991,219	1,645	51,811	52,402	46,999	765	33,475	35,041	0	3,805	0	0	0	2,640	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	1,843,768	1,842,422	1,835,402	1,861,713	1,940,674	1,968,346	1,962,470	1,991,235	1,946,019	1,964,599	1,856,759	1,764,464	1,665,394	1,511,478	1,449,051	1,464,880	1,156,635	1,147,785	1,101,132	1,068,310	1,059,130	1,094,929	1,075,805	1,069,600	1,052,813	1,034,852	996,721	1,020,495	989,879	1,001,423	947,017	925,635	905,750	897,038	793,723	764,008	753,552	749,477	706,821	678,319	687,591	672,060	659,192	644,230	648,418	660,480	627,817	596,417	593,513	612,172	583,955	572,262	562,769	552,396	534,879	519,203	520,275	524,722	521,179	525,606	523,747	508,203	490,111	476,095	0	454,403	453,883	441,334	452,521	455,213	428,691	409,103	402,461	382,122	351,635	336,624	329,772	313,063	297,934	277,718	251,988	240,498	222,477	214,180	204,719	-
Total Current Assets	224,954	0	723,761	784,347	891,683	997,415	966,778	994,967	1,005,961	1,002,279	865,095	715,487	519,145	193,571	347,802	358,073	318,039	133,809	299,610	277,350	287,697	116,425	356,894	363,488	349,627	142,968	310,490	346,431	324,814	179,025	293,320	312,923	298,294	174,778	266,091	254,796	251,826	132,078	229,176	200,572	208,876,598	100,095,560	201,455,223	221,544,722	210,676,998	236,320	199,974,208	172,885,366	170,422,605	93,880	161,267,753	146,107,126	114,218,233	52,125	91,345,348	73,832,428	74,937,115	42,199	51,811	52,402	46,999	10,959	33,475	35,041	0	14,203	12,165	11,890	10,186	37,993	13,548	18,212	14,405	32,416	14,938	12,074	12,968	17,662	9,269	9,725	8,474	20,730	8,169	9,714	9,627	-
Total Current Liabilities	1,512,619	0	33,759	32,213	30,028	27,423	25,400	20,035	15,065	14,900	15,791	13,364	15,667	13,975	13,881	15,109	15,323	15,286	13,819	13,326	14,720	9,354	5,715	4,840	5,877	5,203	5,329	6,609	6,649	5,567	4,404	5,184	4,350	4,084	3,999	3,906	4,745	5,043	3,850	3,972	3,771	4,702	4,171	3,644	4,105	3,619	5,659	3,075	3,193	2,566	2,886	2,416	0	0	0	0	0	0	0	0	0	2,968	2,730	2,801	0	0	2,812	2,812	60,937	8,659	22,921	10,435	16,861	10,505	33,920	21,612	9,222	9,775	31,396	24,793	5,299	22,871	396	468	473	-
Total Liab	1,677,676	1,676,330	33,759	32,213	1,799,204	1,841,719	1,856,282	1,872,537	1,814,370	1,821,987	1,716,971	1,627,844	1,533,452	1,381,784	1,325,069	1,344,973	1,042,248	1,035,215	991,812	961,727	956,912	995,891	980,139	975,455	961,218	944,085	907,045	932,395	905,818	918,973	864,159	843,642	826,790	818,775	716,576	687,843	677,736	674,486	634,028	606,950	619,768	606,750	595,813	580,773	584,320	597,261	565,742	529,482	521,920	541,770	514,391	518,128	496,990	487,739	470,774	456,720	458,872	464,029	461,116	466,976	464,960	450,217	445,960	432,360	0	411,763	412,421	402,047	416,856	420,789	395,666	376,172	370,646	351,084	321,529	306,572	300,945	284,818	270,598	250,830	225,395	222,500	205,258	196,594	187,892	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Stockholder Equity	166,092	166,092	135,095	147,122	141,470	126,627	106,188	118,698	131,649	142,612	139,788	136,620	131,942	129,694	123,982	119,907	114,387	112,570	109,320	106,583	102,218	99,038	95,666	94,145	91,595	90,767	89,676	88,100	84,061	82,450	82,858	81,993	78,960	78,263	77,147	76,165	75,816	74,991	72,793	71,369	67,824	65,310	63,379	63,457	64,098	63,219	62,075	66,935	71,592	70,402	69,564	54,134	65,779	64,658	64,105	62,484	61,404	60,692	60,063	58,630	58,786	57,986	44,151	43,735	0	42,640	41,462	39,287	35,665	34,424	33,025	32,931	31,815	31,038	30,106	30,052	28,827	28,245	27,336	26,888	26,593	17,998	17,219	17,586	16,827	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31
Begin Period Cash Flow	429,633	778,267	226,656	147,594	126,145	149,173	190,810	190,603	144,288	105,191	141,335	101,085	68,937	21,649	9,838	14,203	27,819	20,501	12,298	15,630	8,435	12,712	12,589
Capital Expenditures	2,394	1,190	978	1,740	1,383	1,646	2,193	663	1,418	1,556	449	821	4,324	966	136	2,118	4,846	422	1,295	695	856	250	660
Cash And Cash Equivalents Changes	0	0	0	79,062	21,449	-23,028	-41,637	207	46,315	39,097	-36,144	40,250	32,148	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	4,272	-4,359	-3,831	-1,695	384	-436	174	-24	127	2,476	0	0	0	0	0	0	0	0	0	0
Change In Cash	-213,065	-348,634	551,611	79,062	21,449	-23,028	-41,637	207	46,315	39,097	-36,144	40,250	32,148	47,288	11,811	-4,365	-13,616	7,318	8,203	-3,332	7,195	-4,276	123
Change In Working Capital	-1,413	-1,059	-5,875	1,825	2,376	-1,011	-884	243	-1,461	1,285	186	1,132	1,788	-1,360	-1,101	-3,209	7	2,819	598	-1,667	-907	-1,782	-3,451
Change Receivables	0	0	0	-2,232	298	-584	-340	-411	-33	-13	357	49	-62	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-456	-3,872	1,631	-2,232	298	-584	-340	-411	-33	-13	-357	49	-62	92	152	0	7	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-686	-2,986	3,301	6,527	4,151	1,511	-706	-1,214	1,134	290	1,054	-434	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	165	-517	2,529	263	-548	65	746	-309	-2,331	300	650	1,240	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	3,499	-4,520	756	2,511	2,201	-2,055	1,360	-1,304	1,663	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,329	1,151	1,326	1,199	1,091	1,187	1,124	1,252	1,207	1,174	1,160	1,138	998	957	1,034	1,116	0	893	871	617	606	66	143
Dividends Paid	2,646	2,474	2,386	2,299	2,214	2,117	2,022	1,940	1,695	1,318	68	452	761	675	829	574	1,445	1,348	1,165	888	690	619	569
End Period Cash Flow	216,568	429,633	778,267	226,656	147,594	126,145	149,173	190,810	190,603	144,288	105,191	141,335	101,085	68,937	21,649	9,838	14,203	27,819	20,501	12,298	15,630	8,435	12,712
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	30,665	22,130	10,293	17,500	15,826	11,387	7,206	9,243	2,893	5,852	7,067	8,219	5,791	7,597	9,914	209	-7,031	7,689	4,814	2,443	1,759	111	-2,310
Investments	-42,454	-376,690	103,677	-21,799	-20,473	-80,367	-73,894	-107,161	-52,679	-32,384	36,082	-9,544	-27,590	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	7	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	-3,000	-5,000	0	0	0	0	0	0	0	0	0	0
Net Income	30,848	22,902	16,337	13,687	12,489	11,537	9,094	7,665	4,908	7,122	5,886	5,781	5,861	4,627	2,000	2,162	3,968	3,831	3,935	3,251	2,318	1,797	1,659
Other Cashflows From Financing Activities	-211	7,210	439,049	397,770	33,310	47,613	24,789	99,402	74,031	67,050	15,641	50,826	72,405	23,329	115,997	54	1,519	132,657	113,962	98,959	45,539	33,686	23,669
Other Cashflows From Investing Activities	0	-257	-4,160	171	-5,000	449	-340	-3,893	23,765	-1,026	982	731	792	1,892	209	0	0	0	0	0	0	0	0
Other Non Cash Items	1,056	193	-719	-728	-602	1,717	-1,553	1,177	-639	-2,257	-207,010	101,638	1,215	-492,987	2,352	2,257	-6,291	568	705	938	598	281	-1
Sale Purchase Of Stock	0	-121	-108	-110	6	7	91	0	46	924	-6,750	-6,750	-13,500	0	0	-13,152,371	0	0	0	0	0	0	0
Stock Based Compensation	533	622	581	549	549	431	103	256	261	271	195	176	48	82	73	122,649	130	0	0	0	0	0	0
Total Cash From Financing Activities	-166,620	4,736	436,663	345,471	31,096	45,503	22,858	97,462	72,336	66,656	8,908	40,844	53,154	22,724	13,403	52,067	74	63,309	63,697	69,071	44,850	33,067	23,099
Total Cash From Operating Activities	33,059	23,320	11,271	19,240	17,209	13,033	9,399	9,906	4,311	7,408	7,516	9,040	10,115	8,563	10,050	2,327	-2,186	8,111	6,109	3,138	2,615	361	-1,650
Total Cashflows From Investing Activities	0	-376,690	103,677	-285,649	-26,856	-81,564	-73,894	-107,161	-30,332	-34,966	-52,568	-9,634	-31,121	16,001	0	0	0	0	0	0	0	0	0

	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31
Begin Period Cash Flow	277,761	277,761	300,546	389,403	429,633	445,060	499,905	669,225	778,267	682,113	525,802	366,760	226,656	142,800	168,877	92,814	147,594	116,394	91,557	93,947	126,145	162,841	166,310	162,706	149,173	139,628	182,159	167,715	190,810	147,263	162,624	159,568	190,603	156,614	142,014	149,698	144,288	117,747	88,488	115,654	105,191	99,808	105,717	117,868	141,335	107,412	71,878	69,448	101,085	80,828	77,290	68,681	68,937	46,492	30,089	30,461	21,649	15,091	17,087	11,135	9,838	10,639	12,076	14,104	14,203	0	0	0	0	0
Capital Expenditures	253	253	34	1,445	162	433	264	358	135	311	127	232	308	343	761	426	210	437	493	451	2	96	391	523	636	1,986	112	48	47	280	92	204	87	856	325	113	124	1,155	26	185	560	126	291	8	25	368	159	219	75	386	860	2,999	78	78	188	174	526	53	14	52	17	1,092	81	50	894	4,845	0	0	0	422
Cash And Cash Equivalents Changes	0	0	0	-88,857	-40,230	0	-54,845	-169,320	-109,042	0	156,311	159,042	140,104	83,856	104,766	0	-54,780	31,200	24,837	-2,390	-32,198	-36,696	-3,469	3,604	13,533	9,545	-42,531	14,444	-23,095	43,547	-15,361	3,056	-31,035	33,989	14,600	-7,684	5,410	26,541	29,259	-27,166	10,463	5,383	-5,909	-12,151	-23,467	33,923	35,534	2,430	-31,637	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	-638	475	0	222	1,630	-535	0	-3,541	-549	64	-1,179	4,465	0	493	189	268	-3,198	-1,618	-4,987	-119	538	737	-200	-1,180	60	-375	583	189	-537	149	67	1	-408	-96	-57	22	55	154	-8	244	-138	-122	857	49	-243	-536	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-61,193	-61,193	-22,785	-88,857	-40,230	-15,427	-54,845	-169,320	-109,042	96,154	156,311	159,042	140,104	83,856	-26,077	76,063	-54,780	31,200	24,837	-2,390	-32,198	-36,696	-3,469	3,604	13,533	9,545	-42,531	14,444	-23,095	43,547	-15,361	3,056	-31,035	33,989	14,600	-7,684	5,410	26,541	29,259	-27,166	10,463	5,383	-5,909	-12,151	-23,467	33,923	35,534	2,430	-31,637	20,257	3,538	8,609	-256	22,445	16,403	-372	8,812	6,557	-1,995	5,952	1,297	-801	-1,438	-2,027	-99	0	0	0	0	0
Change In Working Capital	-9,381	-8,561	2,756	2,323	2,926	-871	759	-410	-537	-6,084	-82	-2,220	2,511	-1,802	-1,573	4,688	512	1,254	1,101	-4,430	4,451	-2,739	888	-779	1,619	748	-2,656	-377	1,401	128	-404	131	388	-191	284	-1,400	-154	938	222	1,805	-1,680	-248	921	-756	269	-1,240	2,555	-119	-64	-488	1,167	864	244	-2,557	1,238	-218	177	1,020	-258	240	-2,103	-3,310	-144	327	-83	0	275	59,829	-80,085	0
Change Receivables	0	0	0	0	702	0	-284	-2,294	-167	0	767	513	608	-396	-1,318	0	-259	-258	200	-36	392	-574	132	-350	208	-441	159	-363	305	-463	177	-92	-33	-108	186	-292	181	140	-72	132	-213	457	150	-156	-95	125	10	29	-115	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-755	-755	-403	0	702	-1,127	-284	-2,294	-167	-257	767	513	608	-396	-514	-1,063	-259	-258	200	-36	392	-574	132	-350	208	-441	159	-363	305	-463	177	-92	-33	-108	186	-292	181	-166	72	-132	213	-256	150	-156	-95	125	10	29	-115	-24	37	0	0	92	76	77	0	152	114	69	64	0	101	244	0	7	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	569	0	0	-471	-366	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	3,073	1,614	-532	97	254	165	-940	2,692	-1,017	1,839	-2,090	-545	6,127	278	1,550	606	-1,197	5,568	3,639	875	-1,037	674	-126	-1,280	-40	1,082	1,163	-780	834	266	-170	93	-839	-298	1,192	-121	201	-138	-262	527	-461	486	-2,039	2,499	-34	627	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	0	-68	-504	-926	561	-24	-24	-244	-45	86	-17	-311	1,523	1,980	436	-45	184	118	6	-291	-20	80	-317	1,547	-607	-106	-95	-1,177	51	96	154	-54	-34	-45	-176	-454	0	-1,961	84	202	18	63	17	67	210	230	143	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	0	0	788	946	1,806	-41	-367	1,649	-1,716	434	684	-317	-376	765	2,058	841	-4,480	4,092	-1,268	987	-425	1,500	-2,055	-2,778	-30	-47	1,360	96	-306	-18	-1,304	0	0	0	1,663	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	499	268	273	276	281	163	321	334	333	333	325	334	334	329	296	309	265	275	276	268	272	273	297	311	306	277	287	268	292	304	302	319	327	315	304	292	296	703	172	-5	304	299	283	288	290	290	284	244	320	280	263	230	226	236	249	235	237	258	255	259	261	280	273	281	282	0	0	0	0	0
Dividends Paid	0	0	1,325	0	1,321	1,236	1,238	1,238	1,236	4,772	1,195	1	1,192	1,192	1,150	1,150	1,149	0	1,108	0	1,106	2,117	1,064	1,064	1,053	2,022	1,011	1,011	1,011	1,940	971	1	970	1	888	808	808	2,636	525	0	793	67,433	68	68	68	84	368	199	169	262	161	169	169	169	169	169	169	169	469	0	192	192	383	0	0	1,445	0	0	0	1,350
End Period Cash Flow	216,568	216,568	277,761	300,546	389,403	429,633	445,060	499,905	669,225	778,267	682,113	525,802	366,760	226,656	142,800	168,877	92,814	147,594	116,394	91,557	93,947	126,145	162,841	166,310	162,706	149,173	139,628	182,159	167,715	190,810	147,263	162,624	159,568	190,603	156,614	142,014	149,698	144,288	117,747	88,488	115,654	105,191	99,808	105,717	117,868	141,335	107,412	71,878	69,448	101,085	80,828	77,290	68,681	68,937	46,492	30,089	30,461	21,649	15,091	17,087	11,135	9,838	10,639	12,076	14,104	14,203	0	0	0	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-1,519	-1,519	10,998	9,826	11,860	7,569	8,177	4,157	2,227	-3,356	4,754	1,927	6,968	2,522	2,000	9,132	3,846	4,651	4,477	-1,304	8,002	1,247	4,218	1,887	4,035	877	-34	2,819	3,544	2,591	1,883	2,410	2,359	-260	1,652	152	1,349	1,876	1,888	2,644	-556	1,623	2,495	1,023	1,926	496	4,445	1,453	1,825	1,211	2,301	-83	2,363	423	3,137	2,019	2,018	3,216	2,791	3,446	460	27	320	-398	261	0	0	0	0	7,689
Investments	0	-43,913	-16,626	-11,886	-5,472	-6,844	-35,556	-226,661	-102,277	26,393	66,076	-20,743	-15,564	10,808	-179,877	-236,428	-64,373	-15,378	-2,429	-11,408	8,742	-50,033	-10,429	-13,550	-6,355	-28,886	-18,659	-15,008	-10,704	-13,647	-33,574	-16,305	-40,174	-20,255	-14,804	-19,074	1,454	-14,787	1,725	-12,170	-7,152	81,957	-23,846	-10,148	-11,882	-208	3,960	68	-13,363	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-30,000	30,000	30,000	30,000	30,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-3,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	5,865	5,865	7,354	8,404	9,225	9,475	6,800	4,258	2,369	3,467	4,554	3,959	4,357	4,649	3,748	2,581	2,709	3,192	3,230	2,963	3,104	2,979	3,165	2,591	2,802	1,589	2,468	2,830	2,207	2,322	1,930	1,904	1,509	490	1,382	1,510	1,526	1,642	1,535	2,537	1,408	1,707	1,505	1,374	1,299	1,489	1,479	1,352	1,461	1,497	1,749	1,449	1,165	1,500	1,141	1,039	948	735	879	-45	430	284	549	553	776	951	969	1,003	1,002	3,726
Other Cashflows From Financing Activities	-43,913	0	-15,866	-86,798	-45,297	-15,349	-21,620	53,184	-7,756	105,786	86,676	96,697	149,892	86,620	11,321	302,933	6,896	41,921	28,897	10,322	-47,836	14,188	3,809	15,274	16,459	37,150	-24,070	26,633	-14,924	54,337	21,298	16,020	7,749	31,037	28,640	10,946	3,410	39,453	27,200	-13,015	13,412	10,991	14,513	-3,086	-6,778	33,659	26,927	934	33	30,699	8,733	8,571	8,902	17,335	13,219	-1,669	-5,486	2,877	-5,138	1,783	14,709	-6,249	60,857	13,016	8,413	0	0	0	0	49,451
Other Cashflows From Investing Activities	0	0	0	0	0	0	0	-257	-257	3,735	3,735	-3,735	-3,735	-3,735	-3,735	0	-64,373	-25,473	-5,000	-2,666	-404	12	-3	-7	447	388	1,168	0	0	266	-3,997	932	0	23,468	292	292	5	-1,133	-1,029	-4,659	4,662	-6	928	59	0	60	133	133	405	243	243	243	0	1,892	1,411	588	10	209	209	209	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	914	-5,865	-195	-194	-555	-422	407	169	39	-1,040	-183	-184	-164	35	-172	-176	-174	445	-174	-127	-125	-130	-130	-126	-318	-1,291	-341	-128	-128	743	-102	-97	-108	-117	-108	-172	-108	-127	-110	-110	-101	-207,161	-117	-105	-101	101,102	0	-20	-65	-204,924	-34	361	219	-495,934	-286	179	212	378	1,065	3,028	1,864	3,863	-277	-1,509	146	0	0	0	0	0
Sale Purchase Of Stock	0	0	0	1	-176	0	-13	-13	0	0	0	0	0	0	0	0	0	6	6	6	6	7	0	0	0	0	75	16	0	0	0	0	0	0	0	0	0	0	0	34	890	6,750	0	0	-6,750	-216,547	70	-6,709	-17,477	-9,884	0	0	0	0	0	0	0	0	0	0	0	-13,339,631	0	0	0	0	0	0	0	0
Stock Based Compensation	131	131	131	126	145	146	154	164	158	145	138	151	147	133	130	126	160	150	118	150	131	114	110	135	72	25	23	22	33	61	66	66	63	64	74	61	62	62	62	63	84	54	53	52	36	48	51	52	25	8	17	12	12	13	24	24	22	16	16	16	24	122,616	0	0	33	0	0	0	0	0
Total Cash From Financing Activities	-16,014	-16,014	-17,191	-86,797	-46,618	-16,585	-22,871	53,184	-8,992	105,786	85,481	96,696	148,700	56,620	-19,829	302,933	5,747	41,927	27,789	10,322	-48,942	12,078	2,745	15,274	15,406	37,166	-25,006	26,633	-15,935	54,337	20,327	16,019	6,779	31,036	27,752	10,946	2,602	39,453	26,675	-12,982	13,510	10,991	14,513	-3,086	-13,510	33,575	26,996	776	-20,504	27,436	8,572	8,402	8,743	17,166	13,050	-1,837	-5,655	2,709	-5,607	1,783	14,518	17,338	13,288	13,016	8,425	74	0	0	0	63,309
Total Cash From Operating Activities	-1,266	-1,266	11,032	11,271	12,022	8,002	8,441	4,515	2,362	-3,045	4,881	2,159	7,276	2,865	2,761	9,558	4,056	5,088	4,970	-853	8,004	1,343	4,609	2,410	4,671	2,863	78	2,867	3,591	2,871	1,975	2,614	2,446	596	1,977	265	1,473	3,031	1,914	2,459	4	1,749	2,785	1,031	1,950	864	4,604	1,672	1,900	1,597	3,161	2,916	2,441	501	3,326	2,193	2,544	3,270	2,805	3,498	477	1,119	401	-348	1,155	0	0	0	0	8,111
Total Cashflows From Investing Activities	0	0	0	-13,331	-5,634	-6,844	-40,415	-227,019	-102,412	-110,264	65,949	60,187	-15,872	24,371	-180,854	-236,428	-64,583	-15,815	-7,922	-11,859	8,740	-50,117	-10,823	-14,080	-6,544	-30,484	-17,603	-15,056	-10,751	-13,661	-37,663	-15,577	-40,260	2,357	-15,129	-18,895	1,335	-15,942	670	-16,644	-3,050	-7,357	-23,208	-10,096	-11,907	-516	3,934	-18	-13,033	-31,121	-22,345	-14,149	0	16,001	11,223	11,195	11,923	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31
Cost Of Revenue	6,758	6,842	6,271	5,864	5,777	5,313	5,057	5,220	5,977	4,417	3,971,249	3,675,545	3,191,229	2,982,626	3,177,025	3,250,819	13,561	11,957	0	0	0	0	0
Depreciation And Amortization	1,329	1,151	1,326	1,199	1,091	1,187	1,124	1,252	1,207	1,174	1,160	1,138	998	957	1,034	1,116	0	893	871	617	606	66	143
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	0	30,808	21,677	17,743	16,689	16,953	16,306	11,903	7,577	11,343	9,424	9,732	10,685	9,900	7,844	11,716	19,309	17,605	12,713	8,921	7,125	6,790	7,394
Ebitda	1,329	31,959	23,003	18,942	17,780	18,140	17,430	13,155	8,784	12,517	10,584	10,870	11,683	10,857	8,878	12,832	19,309	18,499	13,584	9,538	7,731	6,856	7,537
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-983	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	80,580	58,805	47,990	43,908	40,303	37,966	35,099	30,718	23,535	24,635	-3,943,693	-3,647,552	-3,163,298	-2,954,849	-3,150,742	-3,227,782	21,028	19,022	16,476	14,188	11,272	8,465	7,110
Income Before Tax	40,306	29,689	21,677	17,743	16,689	15,346	15,241	11,139	6,961	10,695	8,596	8,594	9,037	6,981	2,203	2,984	6,302	6,243	6,430	5,311	3,780	2,835	2,734
Income Tax Expense	9,458	6,787	5,340	4,056	4,200	3,809	6,147	3,474	2,053	3,573	2,710	2,813	3,176	2,353	203	822	2,334	2,413	2,495	2,059	1,462	1,039	1,075
Interest Expense	4,864	1,119	971	1,153	1,568	1,606	1,065	764	615	647	828	1,137	1,648	2,919	5,641	8,732	13,006	11,362	6,284	3,610	3,346	3,955	4,661
Interest Income	79,903	60,076	48,835	45,868	42,602	40,174	35,245	32,289	26,020	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	30,848	22,902	16,337	13,687	12,489	11,537	9,094	7,665	4,908	7,122	5,886	5,781	5,861	4,627	2,000	2,162	3,968	3,831	3,935	3,251	2,318	1,797	1,659
Net Income Applicable To Common Shares	0	22,902	16,337	13,687	12,489	11,537	9,094	7,665	4,908	7,122	5,819	5,329	4,700	3,786	1,158	2,098	3,925	3,726	0	0	0	0	0
Net Income From Continuing Ops	34,458	22,902	16,337	13,687	12,489	11,537	9,094	7,665	4,908	7,122	5,886	5,781	5,861	0	0	0	0	0	0	0	0	0	0
Net Interest Income	77,001	60,076	48,835	44,957	41,034	38,568	34,180	31,525	25,405	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	82,433	30,808	21,677	17,743	16,689	16,953	16,306	11,903	7,577	11,343	9,424	9,732	10,685	9,900	7,844	11,716	19,309	17,605	12,713	8,921	7,125	6,790	7,394
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	47,032	6,842	32,584	32,029	29,391	26,327	5,057	5,220	5,977	4,417	3,971,249	3,675,545	3,191,229	2,982,626	3,177,025	3,250,819	1,719	1,417	3,763	5,267	4,146	1,674	284
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	68	452	1,161	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	1,115	1,151	1,326	1,199	1,091	1,187	1,124	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	26,109	23,045	20,210	17,972	17,400	16,287	14,110	13,564	11,717	11,120	9,978	10,009	10,342	9,404	9,671	9,306	8,586	7,585	5,805	4,915	4,157	3,086	2,420
Tax Provision	10,541	6,787	5,340	4,056	4,200	3,810	6,147	3,474	2,054	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	10,507	6,842	-32,584	-32,029	-29,391	-26,327	-18,793	-18,815	-15,958	-13,292	3,953,117	3,657,284	3,173,983	2,964,749	3,158,586	3,239,498	-1,719	-1,417	-3,763	-5,267	-4,146	-1,674	284
Total Other Income Expense Net	40,306	-1,119	21,677	17,743	16,689	-1,606	-1,065	-764	-616	-648	-828	-1,138	-1,648	-2,919	-5,641	-8,732	-13,006	-11,362	-6,284	-3,610	-3,346	-3,955	-4,661
Total Revenue	87,338	65,647	54,261	49,772	46,080	43,279	40,156	35,938	29,512	29,052	27,556	27,993	27,931	27,777	26,283	23,037	21,028	19,022	16,476	14,188	11,272	8,465	7,110

	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-03-31
Cost Of Revenue	0	0	1,831	1,756	1,324	0	1,748	1,697	1,591	-1	1,546	1,515	1,401	0	1,496	1,464	1,456	-1	1,408	1,399	1,382	-1	1,312	1,301	1,296	-1	1,202	1,257	1,249	278	1,267	1,394	1,366	154	1,061	1,025	902	157	1,140	1,122	975,957	-1	976,444	973,401	930,641	0	901,973	962,341	855,392	669	691	0	1,062	1,558	828,155	796,132	1,973	2,082	745,563	3,644	3,454	2,942	2,759	2,548	2,671	3,126	3,383	3,556	3,496	11,957	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation And Amortization	499	0	273	276	-453	163	321	334	333	333	325	334	334	329	296	309	265	275	276	268	272	273	297	311	306	277	287	268	292	304	302	319	327	315	304	292	296	703	172	-5	304	299	283	288	290	290	284	244	320	280	263	230	226	236	249	235	237	258	255	259	261	280	273	281	282	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	0	0	9,353	10,724	12,354	13,481	9,104	5,643	3,247	4,839	6,439	5,437	5,933	5,948	5,263	3,741	3,944	4,627	4,707	4,348	4,575	4,462	4,691	3,792	4,007	4,041	4,040	4,650	3,575	3,414	3,088	3,041	2,360	678	2,174	2,318	2,405	2,612	2,373	4,152	2,206	2,701	2,371	2,224	2,129	2,469	2,492	2,253	2,518	2,781	2,986	2,705	2,213	2,780	2,497	2,398	2,225	2,230	2,526	1,118	1,970	2,164	2,946	2,860	3,747	1,337	1,680	1,633	1,652	1,871	1,629	1,403	1,371	1,762	1,833	1,466	1,369	1,501	1,428	1,394	988	1,138	1,073	811	758	-
Ebitda	499	0	9,626	11,000	11,901	13,644	9,425	5,977	3,580	5,172	6,764	5,771	6,267	6,277	5,559	4,050	4,209	4,902	4,983	4,616	4,847	4,735	4,988	4,103	4,313	4,318	4,327	4,918	3,867	3,718	3,390	3,360	2,687	993	2,478	2,610	2,701	3,315	2,545	4,147	2,510	3,000	2,654	2,511	2,418	2,759	2,776	2,497	2,838	3,061	3,248	2,935	2,439	3,016	2,747	2,633	2,462	2,488	2,782	1,377	2,231	2,445	3,218	3,141	4,029	4,344	4,918	5,069	4,978	5,124	4,661	4,165	3,686	3,640	3,460	2,898	2,715	2,591	2,335	2,199	1,796	1,937	1,873	1,693	1,622	401
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	19,669	19,669	18,673	19,306	19,874	20,534	16,635	12,907	10,535	12,851	13,053	11,878	12,017	13,408	11,187	10,705	10,056	11,604	10,312	9,971	10,004	11,411	9,769	9,037	9,153	10,216	8,694	9,234	8,304	9,291	7,639	7,768	7,213	7,609	6,258	6,331	6,326	7,707	6,189	5,980	-969,042	7,184	-969,548	-966,559	-924,007	6,970	-894,929	-955,457	-848,297	6,971	7,103	6,980	6,877	7,058	-821,120	-789,156	6,707	6,697	-738,766	6,534	6,255	5,966	5,926	5,753	5,423	5,320	5,362	5,205	5,141	5,021	4,850	4,644	4,507	4,471	4,341	3,857	3,807	3,804	3,635	3,597	3,152	3,155	3,010	2,670	2,437	-
Income Before Tax	7,779	7,779	9,626	11,000	11,901	12,473	8,813	5,399	3,004	4,609	6,192	5,178	5,698	5,706	4,989	3,435	3,613	4,248	4,323	3,965	4,153	3,935	4,261	3,433	3,717	3,749	3,766	4,380	3,346	3,205	2,892	2,850	2,192	524	2,020	2,163	2,254	2,455	2,217	3,990	2,033	2,516	2,177	2,008	1,895	2,207	2,217	1,972	2,198	2,412	2,595	2,279	1,751	2,227	1,842	1,655	1,257	1,048	1,128	-389	416	223	789	751	1,221	1,337	1,680	1,633	1,652	1,871	1,629	1,403	1,371	1,762	1,833	1,466	1,369	1,501	1,428	1,394	988	1,138	1,073	811	758	-
Income Tax Expense	1,914	1,914	2,272	2,596	2,676	2,998	2,013	1,141	635	1,143	1,638	1,218	1,341	1,057	1,241	854	904	1,057	1,092	1,002	1,049	956	1,096	842	915	2,160	1,298	1,550	1,139	883	962	946	683	34	638	653	728	813	682	1,453	625	809	672	634	595	718	738	620	737	915	846	829	585	727	701	616	309	313	249	-344	-14	-61	240	198	445	387	667	630	650	717	632	532	532	684	709	570	532	582	552	544	381	444	416	312	290	-401
Interest Expense	2,305	2,305	1,411	696	453	342	291	244	243	229	247	259	235	242	274	306	331	379	384	383	422	526	430	359	290	292	274	270	229	209	196	191	168	154	155	155	151	157	156	162	173	184	194	216	234	262	275	281	320	369	391	426	462	553	656	743	968	1,182	1,398	1,507	1,554	1,942	2,157	2,109	2,526	3,006	3,238	3,436	3,326	3,253	3,032	2,762	2,315	1,879	1,627	1,432	1,346	1,090	907	805	808	800	800	882	864	-
Interest Income	0	20,218	18,938	19,407	19,543	19,113	16,772	13,233	10,958	11,309	13,296	11,988	12,242	12,128	11,729	11,452	10,559	10,729	10,829	10,511	10,533	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	5,865	5,865	7,354	8,404	9,225	9,475	6,800	4,258	2,369	3,466	4,554	3,960	4,357	4,649	3,748	2,581	2,709	3,191	3,231	2,963	3,104	2,979	3,165	2,591	2,802	1,589	2,468	2,830	2,207	2,322	1,930	1,904	1,509	490	1,382	1,510	1,526	1,642	1,535	2,537	1,408	1,707	1,505	1,374	1,300	1,489	1,479	1,352	1,461	1,497	1,749	1,450	1,165	1,500	1,141	1,039	948	735	879	-45	430	284	549	553	776	950	1,013	1,003	1,002	1,155	997	871	839	1,078	1,124	896	837	918	876	850	607	694	657	499	468	401
Net Income Applicable To Common Shares	0	0	7,354	8,404	9,225	9,475	6,800	4,258	2,369	3,466	4,554	3,960	4,357	4,649	3,748	2,581	2,709	3,191	3,231	2,963	3,104	2,979	3,165	2,591	2,802	1,589	2,468	2,830	2,207	2,322	1,930	1,904	1,509	491	1,381	1,510	1,526	1,642	1,535	2,537	1,408	1,707	1,505	1,374	1,232	1,405	1,394	1,238	1,292	1,329	1,177	1,239	955	1,290	931	828	737	525	670	-220	220	220	549	553	776	951	969	1,003	1,002	3,726	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	0	5,865	7,354	8,404	9,225	9,475	6,800	4,258	2,369	3,466	4,554	3,960	4,357	4,649	3,748	2,581	2,709	3,191	3,231	2,963	3,104	2,979	3,165	2,591	2,802	1,589	2,468	2,830	2,207	2,322	1,930	1,904	1,509	491	1,381	1,510	1,526	1,642	1,535	2,537	1,408	1,707	1,505	1,374	1,299	1,489	1,479	1,352	1,461	0	1,749	1,449	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	0	17,914	18,938	19,407	19,543	19,113	16,772	13,233	10,958	11,309	13,296	11,988	12,242	12,128	11,455	11,146	10,228	10,350	10,445	10,128	10,111	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	19,669	19,669	9,626	11,000	12,354	13,481	9,104	5,643	3,247	4,839	6,439	5,437	5,933	5,948	5,263	3,741	3,944	4,627	4,707	4,348	4,575	4,462	4,691	3,792	4,007	4,041	4,040	4,650	3,575	3,414	3,088	3,041	2,360	678	2,174	2,318	2,405	2,612	2,373	4,152	2,206	2,701	2,371	2,224	2,129	2,469	2,492	2,253	2,518	2,781	2,986	2,705	2,213	2,780	2,497	2,398	2,225	2,230	2,526	1,118	1,970	2,164	2,946	2,860	3,747	4,344	4,918	5,069	4,978	5,124	4,661	4,165	3,686	3,640	3,460	2,898	2,715	2,591	2,335	2,199	1,796	1,937	1,873	1,693	1,622	401
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	11,890	11,890	10,878	10,062	1,324	6,842	1,748	1,697	5,697	16,941	1,546	1,515	1,401	14,703	1,496	1,464	1,456	14,854	1,408	1,399	1,382	13,792	1,312	1,301	1,296	12,140	1,202	1,257	1,249	11,801	1,267	1,394	1,366	10,235	1,061	1,025	902	9,567	1,140	1,122	975,957	8,889	976,444	973,401	930,641	8,621	901,973	962,341	855,392	8,155	4,117	0	4,664	7,964	828,155	796,132	4,482	7,091	745,563	5,416	4,285	7,379	2,981	2,893	1,676	976	444	136	163	103	189	479	821	831	881	959	1,092	1,213	1,300	1,398	1,356	1,217	1,137	977	815	401
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	68	84	84	114	169	0	571	-210	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	0	268	273	276	281	163	321	334	333	333	325	334	334	329	296	309	265	275	276	268	272	273	297	311	306	277	287	268	292	304	302	319	327	315	304	292	296	703	172	-5	304	299	283	288	290	290	284	244	320	280	263	230	226	236	249	235	237	258	255	259	261	280	273	281	282	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	6,829	6,829	6,505	6,336	6,439	5,961	5,750	5,658	5,676	5,210	5,205	5,052	4,742	5,014	4,410	3,947	4,601	4,183	4,333	4,480	4,404	4,104	4,088	4,076	4,019	3,507	3,534	3,457	3,612	3,614	3,225	3,370	3,355	2,927	2,852	2,955	2,983	2,910	2,796	2,704	2,714	2,388	2,451	2,595	2,544	1,271	2,859	2,792	2,970	1,989	2,745	2,619	2,791	1,440	2,635	2,645	2,685	2,442	2,424	2,398	2,268	2,105	2,319	2,435	2,625	2,312	2,121	2,075	2,078	1,925	1,903	1,912	1,845	1,605	1,437	1,396	1,367	1,210	1,228	1,175	1,302	1,126	1,062	1,035	934	-
Tax Provision	0	1,914	2,272	2,596	2,676	2,998	2,013	1,141	635	1,143	1,638	1,218	1,341	1,057	1,241	854	904	1,056	1,092	1,002	1,049	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	2,857	0	-10,878	-10,062	-7,520	6,842	-7,531	-7,264	-7,288	-16,940	-6,614	-6,441	-6,084	-14,703	-5,924	-6,964	-6,112	-14,853	-5,605	-5,623	-5,429	-13,791	-5,078	-5,245	-5,146	-12,139	-4,654	-4,584	-4,729	-11,801	-4,551	-4,727	-4,853	-10,235	-4,084	-4,013	-3,921	-9,567	-3,816	-1,828	971,249	-8,888	971,919	968,783	926,136	-8,621	897,421	957,710	850,815	-8,155	-4,117	-4,275	-4,664	-7,964	823,618	791,553	-4,482	-7,091	741,292	-5,416	-4,285	-7,379	-2,981	-2,893	-1,676	-976	-444	-136	-163	103	-189	-479	-821	-831	-881	-959	-1,092	-1,213	-1,300	-1,398	-1,356	-1,217	-1,137	-977	-815	401
Total Other Income Expense Net	7,779	7,779	9,626	11,000	-453	-1,008	-291	-244	-243	-229	-247	-259	-235	-242	-274	-306	-331	-379	-384	-383	-422	-527	-430	-359	-290	-292	-274	-270	-229	-209	-196	-191	-168	-154	-154	-155	-151	-157	-156	-162	-173	-185	-194	-216	-234	-262	-275	-281	-320	-369	-391	-426	-462	-553	-656	-743	-968	-1,182	-1,398	-1,507	-1,554	-1,942	-2,157	-2,109	-2,526	-3,006	-3,238	-3,436	-3,326	-3,253	-3,032	-2,762	-2,315	-1,879	-1,627	-1,432	-1,346	-1,090	-907	-805	-808	-800	-800	-882	-864	-
Total Revenue	19,669	19,669	20,504	21,062	21,198	20,534	18,383	14,604	12,126	12,851	14,599	13,393	13,418	13,408	12,683	12,169	11,512	11,604	11,720	11,370	11,386	11,411	11,081	10,338	10,449	10,216	9,896	10,491	9,553	9,291	8,906	9,162	8,579	7,609	7,319	7,356	7,228	7,707	7,329	7,102	6,915	7,184	6,896	6,842	6,634	6,970	7,044	6,884	7,095	6,971	7,103	6,980	6,877	7,058	7,035	6,976	6,707	6,697	6,797	6,534	6,255	5,966	5,926	5,753	5,423	5,320	5,362	5,205	5,141	5,021	4,850	4,644	4,507	4,471	4,341	3,857	3,807	3,804	3,635	3,597	3,152	3,155	3,010	2,670	2,437	-

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	87,338
Cost of Revenue	-6,758
Gross Profit	80,580	80,580

Operating Income (+$)
Gross Profit	80,580
Operating Expense	-10,507
Operating Income	82,433	70,073

Operating Expense (+$)
Research Development	0
Selling General Administrative	26,109
Selling And Marketing Expenses	0
Operating Expense	10,507	26,109

Net Interest Income (+$)
Interest Income	79,903
Interest Expense	-4,864
Other Finance Cost	-1,962
Net Interest Income	77,001

Pretax Income (+$)
Operating Income	82,433
Net Interest Income	77,001
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	40,306	42,127 EBIT - interestExpense = -4,864 40,306 35,712
Interest Expense	4,864
Earnings Before Interest and Taxes (EBIT)	0	45,170
Earnings Before Interest and Taxes (EBITDA)	1,329

After tax Income (+$)
Income Before Tax	40,306
Tax Provision	-10,541
Net Income From Continuing Ops	34,458	29,765
Net Income	30,848
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	47,032
Total Other Income/Expenses Net	40,306	-77,001

Technical Analysis of Oak Valley Bancorp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Oak Valley Bancorp. The general trend of Oak Valley Bancorp is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Oak Valley Bancorp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (-71.4%)		Bearish trend (71.4%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Oak Valley Bancorp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 25.11 < 25.35 < 26.70.

The bearish price targets are: 23.65 > 23.01 > 22.91.

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Oak Valley Bancorp Daily Support & Resistance Chart

2. Trend Indicators

2.1 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.

Score

Let's take a look at the Moving Averages of Oak Valley Bancorp. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close > MA 20: The price is above the MA 20. +1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
MA 100 trending down: The MA 100 is trending down. -1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending down: The MA 200 is trending down. -1
Close < MA 200: The price is below the MA 200. -1

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.

Oak Valley Bancorp Daily Moving Averages Chart

2.2 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.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Oak Valley Bancorp. The current macd is 0.06352445.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Oak Valley Bancorp price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Oak Valley Bancorp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Oak Valley Bancorp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Oak Valley Bancorp Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 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.

Score

Let's take a look at the Directional Movement Index (DMI) of Oak Valley Bancorp. The current adx is 19.77.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Oak Valley Bancorp shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Oak Valley Bancorp Daily Directional Movement Index (DMI) Chart

2.4 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..

Score

Let's take a look at the Parabolic SAR of Oak Valley Bancorp. The current sar is 23.20.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Oak Valley Bancorp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 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

Score

Let's take a look at the Relative Strength Index (RSI) of Oak Valley Bancorp. The current rsi is 51.04. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
Trending down: The RSI is trending down. -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.

Oak Valley Bancorp Daily Relative Strength Index (RSI) Chart

3.2 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

Score

Let's take a look at the Stochastic Oscillator of Oak Valley Bancorp. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Oak Valley Bancorp price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

Oak Valley Bancorp Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Oak Valley Bancorp. The current cci is 70.09.

Oak Valley Bancorp Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Oak Valley Bancorp. The current cmo is 4.00521534.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Oak Valley Bancorp Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Oak Valley Bancorp. The current willr is -49.03846154.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Oak Valley Bancorp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Oak Valley Bancorp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Oak Valley Bancorp.

Oak Valley Bancorp Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Oak Valley Bancorp. The current atr is 0.6674459.

Oak Valley Bancorp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Oak Valley Bancorp. The current obv is -496,963.

Oak Valley Bancorp Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Oak Valley Bancorp. The current mfi is 45.88.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Oak Valley Bancorp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Oak Valley Bancorp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-04	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-05	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-08	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-15	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-19	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-20	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-26	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-29	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-22	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-24	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-25	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-26	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-01-31	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-05	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-15	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-20	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-21	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-27	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-04	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-07	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-11	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-13	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-18	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-19	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-20	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-21	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-27	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-28	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-01	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-03	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-04	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-04-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-04-17	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-04-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-04-23	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-04-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-25	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).

6.3. Candlestick Patterns

Oak Valley Bancorp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Oak Valley Bancorp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	51.039
Ma 20	Greater than	Ma 50	23.762
Ma 50	Greater than	Ma 100	24.079
Ma 100	Greater than	Ma 200	25.717
Open	Greater than	Close	24.720
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Quick analysis of Oak Valley Bancorp (30 sec.)

What can you expect buying and holding a share of Oak Valley Bancorp? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Oak Valley Bancorp (5 min.)

$24.07

$20.03

$-35.64 - $17.15

$-15.61 - $37.18

2. Growth of Oak Valley Bancorp (5 min.)

Is Oak Valley Bancorp growing?

How much money is Oak Valley Bancorp making?

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

3. Financial Health of Oak Valley Bancorp (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of Oak Valley Bancorp? (5 min.)

What can you expect buying and holding a share of Oak Valley Bancorp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Oak Valley Bancorp

About Oak Valley Bancorp

Financial Health

Valuation

1.1. Profitability of Oak Valley Bancorp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Oak Valley Bancorp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Oak Valley Bancorp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Oak Valley Bancorp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Oak Valley Bancorp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Oak Valley Bancorp
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