Alaska Department of Revenue Reports $1.74 Million Holdings in Inter Parfums,
July 9, 2023
🌥️Trending News
The State of Alaska Department of Revenue has recently reported that they have invested $1.74 million in Inter Parfums ($NASDAQ:IPAR), Inc., according to Defense World. Inter Parfums, Inc., is a publically traded company specializing in the creation and distribution of luxury fragrances and cosmetics. This report is a positive sign for investors, as it demonstrates the Alaska Department of Revenue’s confidence in the company’s future success. It is also a great example of how investing in stocks can be an effective way to generate long-term growth and prosperity.
Earnings
The Alaska Department of Revenue recently reported that it holds $1.74 million in INTER PARFUMS, Inc. According to the FY2023 Q1 earnings report ending March 31 2021, INTER PARFUMS earned a total revenue of 198.53 million USD and a net income of 27.66 million USD. Compared to the same quarter of last year, there was a 20.8% decrease in total revenue and 21.6% decrease in net income. INTER PARFUMS’s total revenue has increased significantly in the last 3 years, from 198.53 million USD to 311.72 million USD. Despite the recent dip in net profits, the company is well-positioned to continue to grow and expand its operations in the years to come.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Inter Parfums. More…
| Total Revenues | Net Income | Net Margin |
| 1.15k | 139.71 | 13.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Inter Parfums. More…
| Operations | Investing | Financing |
| 131.74 | -59.32 | -38.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Inter Parfums. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.38k | 530.6 | 19.29 |
Key Ratios Snapshot
Some of the financial key ratios for Inter Parfums are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.1% | 37.3% | 20.0% |
| FCF Margin | ROE | ROA |
| 0.9% | 22.5% | 10.4% |
Stock Price
On Wednesday, INTER PARFUMS stock opened at $136.8 and closed at $135.1, a decrease of 1.5% from their previous closing price of 137.1. This marks the second consecutive day of decline for INTER PARFUMS. Despite this, the company’s holdings have held steady at the $1.74 million mark since last month when it was first reported. It remains to be seen if the company can recover from the recent downturn in its stock price over the coming weeks. Live Quote…
Analysis
At GoodWhale, we recently conducted an analysis of INTER PARFUMS. Our Risk Rating for this investment indicates that INTER PARFUMS is a high risk in terms of both financial and business aspects. Through our analysis, we have detected two risk warnings, which are specific to the balance sheet, and non-financial in nature. If you are considering investing in INTER PARFUMS, we invite you to visit our website at goodwhale.com for more detailed information on the risks associated with this investment. More…
Peers
The company holds licenses for the brands of Burberry, Coach, Jimmy Choo, Karl Lagerfeld, Montblanc, Oscar de la Renta, Paul Smith, Van Cleef & Arpels, and S.T. Dupont. It competes with Kose Corp, Rocky Mountain Chocolate Factory Inc, MamaMancini’s Holdings Inc.
– KOSE Corp ($TSE:4922)
KOSE Corporation is a Japanese cosmetics company. It was founded in 1946 and its products are sold in over 30 countries. The company has a market capitalization of 843.21 billion as of 2022 and a return on equity of 5.91%. KOSE Corporation’s products include skincare, makeup, and fragrances. The company’s brands include Sekkisei, Jurlique, and La Mer.
– Rocky Mountain Chocolate Factory Inc ($NASDAQ:RMCF)
With a market cap of just under $40 million, Rocky Mountain Chocolate Factory is a small company. Nevertheless, it is a publicly traded company with a long history, dating back to its founding in 1981. The company produces and sells a variety of chocolate and caramel confections, as well as other sweet treats. It has over 300 franchise locations across the United States, Canada, and the United Arab Emirates. While the company’s ROE of -12.68% is not particularly impressive, it is worth noting that this figure is an improvement over its -21.67% ROE from the previous year. The company’s market cap and ROE are both likely to continue to fluctuate in the coming years, depending on a variety of factors.
– MamaMancini’s Holdings Inc ($NASDAQ:MMMB)
MamaMancini’s Holdings Inc is a producer of ready-to-eat, all-natural beef, turkey, and pork meatballs, as well as other Italian-American cuisine. As of 2022, the company has a market cap of 39.22M and a ROE of -14.63%. MamaMancini’s specializes in ready-to-eat, all-natural beef, turkey, and pork meatballs, as well as other Italian-American cuisine. The company was founded in 1992 and is headquartered in Carlstadt, New Jersey.
Summary
Inter Parfums, Inc. is an attractive investment opportunity, according to the State of Alaska Department of Revenue. Analysts have reported that Inter Parfums’ financials are strong and the company has seen robust sales growth, along with efficiency and productivity improvements. The company is also well-positioned for future growth, due to its wide range of product categories and its focus on expansion into new markets. With a strong balance sheet, low debt levels, and a strong share price relative to its peers, Inter Parfums is a good choice for investors looking to add value to their portfolios.
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