Natural Health Trends Corporation (NHTC) has reported a 7.58 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $10.42 million, or $0.93 a share in the quarter, compared with $11.28 million, or $0.95 a share for the same period last year. Revenue during the quarter dropped 19.47 percent to $59.87 million from $74.35 million in the previous year period. Gross margin for the quarter expanded 43 basis points over the previous year period to 81.22 percent. Total expenses were 78.30 percent of quarterly revenues, down from 81.19 percent for the same period last year. This has led to an improvement of 289 basis points in operating margin to 21.70 percent.
Operating income for the quarter was $12.99 million, compared with $13.99 million in the previous year period.
Operating cash flow remains almost stable Cash flow from operating activities was almost stable for the quarter at $13.81 million, when compared with the previous year period The company has spent $0.07 million cash to meet investing activities during the quarter as against cash outgo of $0.24 million in the last year period.
The company has spent $4.98 million cash to carry out financing activities during the quarter as against cash outgo of $18.90 million in the last year period.
Cash and cash equivalents stood at $134.67 million as on Mar. 31, 2017, up 35.17 percent or $35.04 million from $99.63 million on Mar. 31, 2016.
Working capital increases sharply Natural Health Trends Corp has recorded an increase in the working capital over the last year. It stood at $90.22 million as at Mar. 31, 2017, up 86.58 percent or $41.87 million from $48.35 million on Mar. 31, 2016. Current ratio was at 2.60 as on Mar. 31, 2017, up from 1.76 on Mar. 31, 2016.
Cash conversion cycle (CCC) has decreased to 17 days for the quarter from 51 days for the last year period.
Days inventory outstanding has decreased to 37 days for the quarter compared with 66 days for the previous year period. At the same time, days payable outstanding went up to 20 days for the quarter from 16 for the same period last year.
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