On Nov. 30, digital-camera sensor maker OmniVisionTechnologies
-
As predicted, a low-end product mix heading into the toy-hungry holidays led to lower gross margins. But operational spending ran amok as well, making the profit-oriented ratios a whole lot slimmer -- hence the steep earnings drop.
- On the bright side, cash management was handled rather well, with expenses pushed out ahead much faster than the rate of inventory growth.
- The balance sheet remains strong, and we know that the company has some exciting products in the pipeline. The massive R&D and sales spending could be a sign of management's faith in the future of the business, rather than impending doom.
- Read Stephen Ellis' less-than-enthusiastic take on the quarter here.
(Figures in millions, except per-share data)
Income Statement Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Sales |
$137.7 |
$126.8 |
8.5% |
Net Profit |
$5.4 |
$22.6 |
(76%) |
EPS |
$0.10 |
$0.41 |
(75.6%) |
Diluted Shares |
55.6 |
55.5 |
0.2% |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
33.09% |
36.13% |
(3.04) |
Operating Margin |
5.68% |
21.16% |
(15.48) |
Net Margin |
3.93% |
17.82% |
(13.89) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$350.0 |
$266.1 |
31.5% |
Accounts Rec. |
$75.3 |
$73.5 |
2.4% |
Inventory |
$103.7 |
$71.1 |
45.9% |
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Accounts Payable |
$78.1 |
$48.7 |
60.4% |
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
The company didn't supply us with any cash flow data at this time. You can do better, guys!
Find out why Fools always follow the money.
Cash Conversion Checkup
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Days in Inventory |
84.1 |
73.6 |
10.5 |
Days in Receivables |
48.2 |
45.5 |
2.7 |
Days Payables Outstanding |
62.5 |
41.5 |
20.9 |
Cash Conversion Cycle |
69.8 |
77.5 |
(7.7) |
Read up on cash conversion metrics.
Related Companies:
-
Matsushita Electric
(NYSE:MC) -
Koninklijke
Philips
(NYSE:PHG) -
Eastman Kodak
(NYSE:EK) -
Micron Technology
(NYSE:MU) -
Agilent Technologies
(NYSE:A) -
Cypress
Semiconductor
(NYSE:CY)
Related Foolishness:
- OmniVision: Value Stock or Value Trap?
- 3 Stocks That Missed the Mark, Sept. 5
- Foolish Fundamentals: Inventory
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.
How can the Fool boost your prospects for the new year? Visit our new Motley Fool CAPS investment community for stock ideas.
At the time of publication, Fool contributor Anders Bylund had no position in any company mentioned. Fool rules are here .