RAMACO RESOURCES Reports Total Revenue of USD 137.5 Million for Q2 FY2023, a Decrease of 0.9%
August 12, 2023
🌥️Earnings Overview
RAMACO RESOURCES ($NASDAQ:METCB) reported their second quarter of FY2023 earnings on June 30 2023, with total revenue of USD 137.5 million, a 0.9% decrease from the corresponding quarter in 2023. Net income for the quarter was USD 7.6 million, down 77.3% from the same period in 2023.
Analysis
GoodWhale has conducted an analysis of RAMACO RESOURCES‘s fundamentals and classified the company as a ‘gorilla’. Such companies tend to have strong competitive advantages and achieve stable and high revenue or earnings growth. Therefore, investors interested in such a company might be looking for a long-term source of income, capital appreciation, or both. According to GoodWhale’s Star Chart, RAMACO RESOURCES has an intermediate health score of 6/10. This indicates that the company is likely to be in good shape regarding its cashflows and debt, so it is likely to pay off debt and fund future operations. Additionally, RAMACO RESOURCES is strong in growth, medium in asset, profitability and weak in dividend. Investors who are looking for a steady growth stock with some potential for good returns may be interested in RAMACO RESOURCES. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ramaco Resources. More…
| Total Revenues | Net Income | Net Margin |
| 575.98 | 74.1 | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ramaco Resources. More…
| Operations | Investing | Financing |
| 128.15 | -126 | -12.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ramaco Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 660.39 | 323.29 | 6.27 |
Key Ratios Snapshot
Some of the financial key ratios for Ramaco Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 45.9% | 164.3% | 17.4% |
| FCF Margin | ROE | ROA |
| 1.9% | 18.6% | 9.5% |
Summary
RAMACO RESOURCES recently reported their earnings for the second quarter of FY2023, with total revenue of USD 137.5 million, a decrease of 0.9% from the same period in 2023. Net income for the quarter was USD 7.6 million, a decrease of 77.3%. Despite the lower earnings, the stock price moved up on June 30th due to the market’s belief that the company’s future prospects are promising. Investors should consider watching RAMACO RESOURCES for potential investment opportunities, as the company has shown an ability to remain resilient in spite of a tough economic climate.
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