TRIMBLE INC Reports 5.6% Year-Over-Year Increase in Total Revenue for Q2 FY2023
August 9, 2023
☀️Earnings Overview
On August 3 2023, TRIMBLE INC ($NASDAQ:TRMB) reported total revenue of USD 993.6 million for the second quarter of FY2023 (ending June 30 2023), reflecting a 5.6% year-over-year growth. However, net income was USD 44.6 million, a 73.5% year-over-year decrease.
Analysis
GoodWhale has conducted an in-depth analysis of TRIMBLE INC‘s financials and has concluded that it is a medium risk investment when considering both the financial and business aspects. This rating is determined by an array of factors such as a company’s profitability, liquidity, debt levels, and cash flow. GoodWhale has also detected one risk warning in the balance sheet; interested parties can register on the GoodWhale website to check out this warning. The underlying assessment behind TRIMBLE INC’s medium risk rating should be considered carefully when deciding on further investment into the company. Risk assessment is essential for any investor looking to make a decision regarding a potential investment, as it allows them to better understand the associated risks and rewards of their choice. Analysing and assessing the financials of a company is a crucial component of the investment process. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trimble Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.65k | 344.8 | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trimble Inc. More…
| Operations | Investing | Financing |
| 540.5 | -2.45k | 1.8k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trimble Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.56k | 5.22k | 17.48 |
Key Ratios Snapshot
Some of the financial key ratios for Trimble Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | 6.0% | 14.6% |
| FCF Margin | ROE | ROA |
| 13.9% | 7.8% | 3.5% |
Peers
The competition among Trimble Inc, SRT Marine Systems PLC, Shanghai Huace Navigation Technology Ltd, and Topcon Corp is fierce. All four companies are leaders in the GPS navigation industry and are constantly innovating to stay ahead of the competition. Trimble Inc has been the top GPS navigation company for many years, but its competitors are quickly catching up. SRT Marine Systems PLC is a publicly traded company on the London Stock Exchange and is the largest GPS navigation company in the world. Shanghai Huace Navigation Technology Ltd is a privately held company based in China and is one of the fastest growing GPS navigation companies. Topcon Corp is a Japanese company that has been in the GPS navigation industry for over 50 years.
– SRT Marine Systems PLC ($LSE:SRT)
SRT Marine Systems PLC is a marine technology company that provides integrated solutions for the maritime industry. The company offers a range of products and services, including navigation, communication, bridge systems, and data management. It also provides engineering and support services. The company has a market cap of 59.17M as of 2022 and a return on equity of -44.18%.
– Shanghai Huace Navigation Technology Ltd ($SZSE:300627)
Shanghai Huace Navigation Technology Ltd is a Chinese company that manufactures and sells navigation and communication products. The company has a market capitalization of $16.9 billion as of 2022 and a return on equity of 8.69%. The company’s products include GPS receivers, marine navigation products, and aviation products.
– Topcon Corp ($TSE:7732)
Topcon Corporation is a Japanese technology company that manufactures precision instruments and equipment for measuring, surveying, and machine control. The company has a market capitalization of 168.63 billion as of 2022 and a return on equity of 11.65%. Topcon’s products are used in a variety of industries, including construction, agriculture, surveying, and mapping. The company has a strong presence in Japan and Asia, and is expanding its operations globally.
Summary
TRIMBLE INC reported a 5.6% year-over-year increase in total revenue for the second quarter of FY2023, totaling USD 993.6 million. Earnings were down 73.5%, however, net income was still strong at USD 44.6 million. Investors responded positively to the news, as the stock price rose on the day of the announcement.
As such, TRIMBLE INC is a solid investment opportunity, with its strong fundamentals and attractive valuation metrics. Investors should take note of TRIMBLE INC’s long-term potential and consider taking a position in the company.
