Cashing In on First Cash: Fool by Numbers
By
Rich Duprey
January 26, 2007
|
On Wednesday, Jan. 24, payday lender
First Cash Financial (Nasdaq: FCFS) released Q4 2006 earnings for the period ended Dec. 31, 2006.
- Revenues increased 47% to $88 million.
- Net income was up 26% to $9.7 million, or $0.30 per share.
- Nine new locations were opened in the quarter for each of its three segments -- payday loans, pawnshops, and buy-here/pay-here auto dealerships.
- First Cash Financial has a four-star rating at Motley Fool CAPS.
(Figures in thousands, except per-share data)
Income Statement Highlights
| Avg. Est. | Q4 2006 | Q4 2005 | Change |
|---|
Sales | $85,850 | $88,175 | $60,141 | 46.6% |
Net Profit | -- | $9,692 | $7,721 | 25.5% |
EPS | $0.30 | $0.30 | $0.20 | 50.0% |
Diluted Shares | -- | 32,785 | 33,174 | (1.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
| Q4 2006 | Q4 2005 | Change* |
|---|
Gross Margin | 55.57% | 61.59% | (6.02) |
Operating Margin | 16.87% | 19.73% | (2.86) |
Net Margin | 10.99% | 12.84% | (1.85) |
*Expressed in percentage points.Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q4 2006 | Q4 2005 | Change |
|---|
Cash + ST Invest. | $15,535 | $42,741 | (63.7%) |
Accounts Rec. | $74,264 | $33,802 | 119.7% |
Inventory | $28,761 | $21,987 | 30.8% |
Liabilities | Q4 2006 | Q4 2005 | Change |
|---|
Accounts Payable | $1,535 | $908 | 69.1% |
Notes Payable | $7,188 | $0 | N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Strangely for a company with "cash" in its name, no cash flow statement accompanied the press release.
Find out why Fools always follow the money.
Related Companies:
- Advance America (NYSE: AEA)
- Cash America (NYSE: CSH)
- Dollar Financial
- EZCORP
- QC Holdings
Related Foolishness:
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.
Advance America is a recommendation of Motley Fool Inside Value. A 30-day guest pass lets you see why this payday lender is a company to cash in on.
At the time of publication, Rich Duprey had no positions in any of the companies mentioned in the article. Fool rules are here.
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