$Beazer Homes USA (BZH.US)$Revenue has grown slowly over the...

In the first three quarters of 2023, revenue increased by 4.8%, operating profit shrank by 29.2%, and net profit shrank by 23.2%.

The opportunity for rapid development in the past two years has not been seized, but the recent contraction has not been missed.

Inventory in 2022 was $1,738 billion, accounting for 75% of revenue, which is a high level within the sector.

Currently, long-term loans of 981 million yuan account for 94% of the net assets of 1,045 million yuan, and the leverage ratio is at a very high level within the sector.

The price-earnings ratio was 4.5, and the price-earnings ratio increased slightly to 5.2. Considering the current cycle stage and debt ratio, it is not very attractive for the time being.