$Ryerson (RYI.US)$🎯 2024.4.2 The current price is 33.12, an...

New data: 23Q3 and 23Q4. Revenue continued to shrink. Since gross margin in Q4 last year was too low, there seemed to be a significant increase in Q4 this year, but it continued to decline month-on-month, and net profit was similar.

Revenue shrank by 19.2% in 2023, operating profit shrank sharply by 60.3% due to a decline in gross margin and an increase in the share of expenses, and net profit shrank 63%.

The balance ratio increased from 61.7% to 64.4%, and net assets increased slightly. There was a slight increase in cash on the asset side, and both accounts receivable and inventory declined. Mainly, fixed assets increased a lot, and on the debt side, mainly long-term loans and long-term lease liabilities.

Net cash flow from operations was still higher than net investment, generating shareholder surpluses.

Currently, the price-earnings ratio is 8.1, the dividend rate is 2.2%, and the 5-year average net profit of 170 million yuan corresponds to a price-earnings ratio of 6.6. Overall, you can still choose carefully (⭐️)