On August 3 2023, ARES MANAGEMENT ($NYSE:ARES) revealed their financial results for the second quarter of FY2023 (ending June 30 2023). Compared to the same period in 2022, total revenue saw an 81.8% increase to USD 1093.3 million, and net income skyrocketed from 39.7 million to USD 144.5 million.
On Thursday, August 3rd, ARES MANAGEMENT reported their earnings results for the second quarter of the fiscal year 2023. The company opened at $99.9 and closed at $99.8, a decrease of 0.6% from the previous closing price of 100.4. The company’s strong fundamentals and attractive dividend yield offer investors an attractive long-term investment opportunity. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Ares Management. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ares Management. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ares Management. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Ares Management are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
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Other Supplementary Items
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GoodWhale conducted an analysis of ARES MANAGEMENT‘s wellbeing. According to our Star Chart, ARES MANAGEMENT has a low health score of 2/10. This is due to its cashflows and debt, which means it is less likely to sustain future operations in times of crisis. Looking at its individual components, ARES MANAGEMENT is strong in dividend, growth, and medium in profitability. Its weakest component is asset, which explains its low health score. Based on our analysis, we classify ARES MANAGEMENT as a ‘cheetah’ type of company – one that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Such a company would generally be interesting to investors looking for high growth potential with less stability. These investors are typically willing to take on more risk in exchange for higher potential returns. More…
Risk Rating Analysis
Star Chart Analysis
The company operates in three segments: Private Equity, Real Estate, and Credit. Ares Management Corp was founded in 1997 and is headquartered in Los Angeles, California.
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The company’s strong performance is largely attributed to strong execution from its investments and strategic decisions. Investors should be encouraged by these results, as it indicates ARES is well-positioned to continue to deliver strong returns going forward.