On August 10 2023, STRATTEC SECURITY ($NASDAQ:STRT) released their financial report for the fourth quarter of FY2023, which ended June 30 2023. The report showed that total revenue had increased by 7.4% year-on-year, to USD 132.2 million. Unfortunately, net income for the period was USD -2.7 million, a decrease of 0.4 million compared to the same quarter in the preceding year.
STRATTEC SECURITY opened the day at $22.9 and closed at $23.0, which marked a 1.0% increase from the previous closing price of $22.7. Overall, the company’s reported financial performance showed strong growth and exceeded analysts’ expectations. With increased revenue, higher operating earnings, and positive cash flow, STRATTEC SECURITY appears to be on a strong trajectory for the future. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Strattec Security. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Strattec Security. 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 Strattec Security. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Strattec Security are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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GoodWhale has analyzed the financials of STRATTEC SECURITY and our Star Chart has classified this company as an ‘elephant’, which suggests it has a strong balance sheet with assets outweighing liabilities. This makes STRATTEC SECURITY an attractive option for investors who prioritize stability over growth. STRATTEC SECURITY’s overall health score is 8/10, which is a good indicator that the company is well-positioned to meet its obligations and fund future operations. However, while STRATTEC SECURITY’s asset base is strong, its profitability and dividend potential are only medium. Investors looking to maximize their returns may be better served elsewhere. More…
Risk Rating Analysis
Star Chart Analysis
The company competes with other leading providers such as Autoneum Holding AG, CUB Elecparts Inc, and Monro Inc. Strattec Security Corp has a strong product portfolio and a wide range of solutions that meet the needs of its customers. The company is committed to providing the best possible security products and services to its customers.
– Autoneum Holding AG ($LTS:0QOB)
Autoneum Holding AG is a leading global provider of acoustic and thermal management solutions for vehicles. With around 11,000 employees at over 60 locations in more than 20 countries, the company develops and produces multi-material systems and components, primarily for the automotive industry. In 2019, Autoneum generated sales of CHF 2.3 billion. The company is headquartered in Winterthur, Switzerland.
– CUB Elecparts Inc ($TWSE:2231)
As of 2022, CUB Elecparts Inc has a market cap of 18.1B and a Return on Equity of 8.47%. The company is engaged in the manufacturing and distribution of electronic components and parts. It offers a wide range of products, including semiconductors, capacitors, resistors, and inductors. The company has a strong presence in the Asia-Pacific region and is one of the leading suppliers of electronic components in the world.
Monro Inc is a publicly traded company that operates a chain of car care centers in the United States. The company has a market capitalization of 1.44 billion as of 2022 and a return on equity of 7.2%. Monro Inc is focused on providing its customers with quality car care services at a fair price. The company operates over 1,200 locations in 27 states and employs over 11,000 people. Monro Inc is dedicated to providing a great experience for its customers and employees alike.
Investors should take a closer look at STRATTEC SECURITY as their fourth quarter earnings have increased from the same period in the previous year. Revenue for the quarter ending June 30 2023 was USD 132.2 million, a 7.4% increase, while net income decreased by 0.4 million. While the decrease in net income is not ideal, the overall revenue increase could be indicative of a positive trend in the company’s performance. investors should consider this when assessing their potential return on investment in STRATTEC SECURITY.