By
Motley Fool Contributors
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May 17, 2007
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On May 16, online Chinese travel specialist and Motley Fool Hidden Gems pick Ctrip.com International (Nasdaq: CTRP ) released first-quarter earnings for the period ended March 31.
- Fly on over to our earnings take to see why Ctrip.com makes the A-List.
- Net revenues increased by 54.5% to $30.1 million, thanks to a 40% increase in sales from hotel reservations and a 64% increase in air ticket sales.
- Margins took a hit as a result of higher cost of services associated with packaged tours and air ticketing.
- Next quarter, the company is not letting go of the gas; they're expecting a 35% year-over-year increase in revenue. The company also recently launched a limousine service in 11 Chinese cities, which should continue to pump more dollars into the business.
- Ctrip.com holds the highest CAPS rating, five stars, putting it even with Chinese competitor eLong (Nasdaq: LONG ) . Expedia (Nasdaq: EXPE ) , another company that has a share of the Asian online travel business, holds a four-star rating. While Ctrip.com doesn't beat eLong in CAPS, its numbers for this past quarter do.
(Figures in thousands, except per-share data)
Income Statement Highlights
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Q1 2007
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Q1 2006
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Change
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Net Sales
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$30,067.3
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$19,463.0
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54.5%
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Net Profit
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$8,406.1
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$6,038.3
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39.2%
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EPS
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$0.25
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$0.18
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38.9%
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Diluted Shares
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33,742.4
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32,815.6
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2.8%
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Get back to basics with a look at the income statement.
Margin Checkup
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Q1 2007
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Q1 2006
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Change*
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79.1%
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82.0%
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(2.9)
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30.6%
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32.0%
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(1.3)
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28.0%
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31.0%
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(3.1)
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*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
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Assets
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Q1 2007
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Q1 2006
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Change
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Cash + ST Invest.
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$111,221.8
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$98,223.5
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13.2%
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Accounts Rec.
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$25,722.7
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$12,018.5
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114.0%
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Inventory
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N/A
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N/A
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N/A
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Liabilities
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Q1 2007
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Q1 2006
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Change
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Accounts Payable
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$27,259.6
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$9,806.6
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178.0%
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Long-Term Debt
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$0.0
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$0.0
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N/A
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Learn the ways of the balance sheet.
Cash Flow Highlights
Ctrip.com must have left on a jet plane, because it forgot to include a cash flow statement in the press release.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.