CINTAS CORPORATION Reports First Quarter FY2024 Earnings Results
September 29, 2023
🌥️Earnings Overview
CINTAS CORPORATION ($NASDAQ:CTAS) released its earnings results for the first quarter of FY2024 on September 26 2023. For the period concluding August 31 2023, overall revenue was USD 2342.3 million, a surge of 8.1% from the preceding year’s quarter. Net income was reported at USD 385.1 million, indicating a 9.5% annual growth.
Share Price
The company is working to mitigate the impact of the pandemic by cutting costs, increasing efficiency, and focusing on its core businesses. The company’s leadership is confident that their efforts will result in increased profitability in the coming quarters. In the meantime, investors should continue to monitor CINTAS CORPORATION‘s performance and outlook in order to make informed decisions regarding their investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cintas Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 8.99k | 1.38k | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cintas Corporation. More…
| Operations | Investing | Financing |
| 1.64k | -471.91 | -1.15k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cintas Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.72k | 4.64k | 39.81 |
Key Ratios Snapshot
Some of the financial key ratios for Cintas Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.6% | 15.6% | 20.7% |
| FCF Margin | ROE | ROA |
| 14.1% | 29.4% | 13.4% |
Analysis
GoodWhale’s financial analysis of CINTAS CORPORATION is quite impressive. Our Star Chart shows that CINTAS CORPORATION has a strong health score of 9/10 in terms of its cashflows and debt, indicating that the company has adequate cash to pay off debt and fund future operations. From our classification system, we have determined that CINTAS CORPORATION is a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors interested in CINTAS CORPORATION should take note of its strong asset, dividend, growth, and profitability metrics. CINTAS CORPORATION’s strong financials make it an attractive investment for those looking for long-term success. In addition to its impressive financials, the company also has a history of providing reliable customer service, which should further entice investors seeking a reliable and successful business. More…
Peers
Cintas Corp is a provider of uniforms and facility services to businesses worldwide. Its competitors are HITO-Communications Holdings Inc, White Fox Ventures Inc, and Nihonwasou Holdings Inc.
– HITO-Communications Holdings Inc ($TSE:4433)
HITO-Communications Holdings Inc is a Japanese telecommunications company with a market cap of 28.76B as of 2022. The company has a Return on Equity of 21.29%. HITO-Communications provides mobile phone, fixed-line telephone, and Internet services in Japan. The company was founded in 1985 and is headquartered in Tokyo, Japan.
– White Fox Ventures Inc ($OTCPK:AWAW)
As of 2022, White Fox Ventures Inc has a market cap of 1.03M and a return on equity of 318.93%. White Fox Ventures Inc is a venture capital firm that specializes in investments in the technology, healthcare, and media industries.
– Nihonwasou Holdings Inc ($TSE:2499)
Nihonwasou Holdings Inc is a Japanese real estate company with a market cap of 2.79B as of 2022. The company’s Return on Equity is 10.05%. The company engages in the business of leasing, selling, and managing apartments and other properties.
Summary
Investors analyzing the CINTAS CORPORATION financial performance for the first quarter of FY2024 may be encouraged by the 8.1% year-on-year increase in total revenue, reaching USD 2342.3 million, as well as the 9.5% increase in net income, reaching USD 385.1 million. On the other hand, stock prices for CINTAS CORPORATION dropped on the day of the earnings announcement, which might be concerning. It remains to be seen if the company can sustain its growth and if current stock prices will ultimately increase, making CINTAS CORPORATION a favorable investment opportunity.
