$Universal Corp (UVV.US)$Over the past five years, there has...

Revenue surged by 28.8% in the first three quarters of 2023, operating profit increased by only 15.8% due to falling gross margin, and profit before tax increased by only 8.4% due to a sharp increase in interest expenses. However, due to sharp compression of minority shareholders' net profit, Guimu's net profit increased 15.7%.

An increase of 230 million dollars in inventories in 2022 is a very bad situation. Inventories reached 1.02 billion, accounting for half of revenue for the full year of 2022.

Currently, the price-earnings ratio is 15.5, and the price-earnings ratio TTM has dropped to 13.9, but it is impossible to determine whether the growth for the current three quarters is sustainable. We can look at the financial reports for a few more quarters before talking about it.