AMTY · Amerityre Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $6.50M | $4.86M | $3.94M | $3.59M | $3.63M | $3.63M |
| Cost of Revenue | $4.74M | $3.58M | $2.84M | $2.54M | $2.52M | $2.44M |
| Gross Profit | $1.75M | $1.28M | $1.10M | $1.05M | $1.10M | $1.18M |
| R&D | $101.8K | $102.3K | $117.5K | $91.7K | $183.6K | $227.1K |
| SG&A | $963.9K | $860.7K | $744.5K | $746.9K | $709.6K | $661.2K |
| Total Operating Expenses | $1.35M | $1.19M | $1.06M | $1.04M | $1.12M | $1.14M |
| D&A | $230.2K | $210.7K | $238.8K | $90.8K | $87.0K | $102.5K |
| Operating Income | $407.5K | $96.5K | $47.5K | $17.5K | ($19.0K) | $47.8K |
| Interest Expense | $65 | $0 | $1.2K | $3.7K | $5.0K | $8.5K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $431.9K | $258.3K | $42.5K | $41.0K | ($38.4K) | $33.3K |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $805.2K | $516.2K | $666.8K | $557.0K | $213.9K | $340.3K |
| Accounts Receivable | $685.6K | $728.3K | $292.6K | $277.7K | $410.4K | $284.0K |
| Inventory | $853.8K | $659.3K | $493.9K | $448.4K | $516.3K | $576.2K |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $2.43M | $2.00M | $1.54M | $1.37M | $1.23M | $1.31M |
| Total Assets | $3.32M | $2.90M | $2.76M | $2.74M | $1.79M | $1.98M |
| Current Liabilities | $960.7K | $942.7K | $909.4K | $823.1K | $420.9K | $494.8K |
| Long-term Debt | $60.7K | $61.3K | $154.0K | $75.4K | $105.6K | $124.5K |
| Total Liabilities | $1.17M | $1.30M | $1.51M | $1.49M | $526.5K | $620.7K |
| Stockholders' Equity | $2.15M | $1.60M | $1.25M | $1.25M | $1.26M | $1.36M |
| Retained Earnings | ($60.85M) | ($61.28M) | ($61.54M) | ($61.50M) | ($61.44M) | ($61.30M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $446.9K | ($135.6K) | $41.8K | $484.7K | ($81.5K) | $122.5K |
| Investing Cash Flow | ($157.4K) | ($14.5K) | ($56.5K) | ($104.5K) | ($19.4K) | ($28.9K) |
| Financing Cash Flow | ($613) | ($540) | $124.4K | ($37.0K) | ($25.5K) | ($20.7K) |
| CapEx | $154.6K | $3.7K | $56.5K | $26.2K | $19.4K | $20.9K |
| Free Cash Flow | $292.3K | ($139.2K) | ($14.7K) | $458.5K | ($100.9K) | $101.6K |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 27.0% | 26.4% | 28.0% | 29.3% | 30.3% | 32.6% |
| Operating margin | 6.3% | 2.0% | 1.2% | 0.5% | -0.5% | 1.3% |
| EBITDA margin | 9.8% | 6.3% | 7.3% | 3.0% | 1.9% | 4.1% |
| Net margin | 6.6% | 5.3% | 1.1% | 1.1% | -1.1% | 0.9% |
| Free cash flow margin | 4.5% | -2.9% | -0.4% | 12.8% | -2.8% | 2.8% |
| FCF / Net income | 0.68 | -0.54 | -0.35 | 11.18 | 2.62 | 3.05 |
| R&D / Revenue | 1.6% | 2.1% | 3.0% | 2.6% | 5.1% | 6.3% |
| SG&A / Revenue | 14.8% | 17.7% | 18.9% | 20.8% | 19.6% | 18.2% |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | - | 0.0% |
| Return on assets | 13.0% | 8.9% | 1.5% | 1.5% | -2.2% | 1.7% |
| Return on equity | 20.1% | 16.2% | 3.4% | 3.3% | -3.0% | 2.4% |
| Return on invested capital | 18.5% | 5.8% | 3.4% | 1.3% | -1.1% | 3.2% |
| Liquidity | ||||||
| Current ratio | 2.53 | 2.12 | 1.69 | 1.66 | 2.91 | 2.65 |
| Quick ratio | 1.64 | 1.42 | 1.15 | 1.11 | 1.68 | 1.49 |
| Cash ratio | 0.84 | 0.55 | 0.73 | 0.68 | 0.51 | 0.69 |
| Leverage | ||||||
| Debt / Equity | 0.03 | 0.04 | 0.12 | 0.06 | 0.08 | 0.09 |
| Debt / Assets | 0.02 | 0.02 | 0.06 | 0.03 | 0.06 | 0.06 |
| Debt / EBITDA | 0.10 | 0.20 | 0.54 | 0.70 | 1.55 | 0.83 |
| Interest coverage | 6268.5x | - | 38.9x | 4.8x | -3.8x | 5.6x |
| Equity multiplier | 1.55 | 1.82 | 2.21 | 2.20 | 1.42 | 1.46 |
| Liabilities / Assets | 0.35 | 0.45 | 0.55 | 0.54 | 0.29 | 0.31 |
| Efficiency | ||||||
| Asset turnover | 1.96 | 1.68 | 1.43 | 1.31 | 2.03 | 1.83 |
| Inventory turnover | 5.55 | 5.43 | 5.75 | 5.66 | 4.88 | 4.24 |
| Days sales outstanding | 39d | 55d | 27d | 28d | 41d | 29d |
| Days inventory outstanding | 66d | 67d | 64d | 65d | 75d | 86d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 33.6% | 23.4% | 9.8% | -1.1% | 0.0% | -4.0% |
| Revenue CAGR (3y) | 21.9% | 10.3% | 2.8% | -1.7% | -8.9% | -5.6% |
| Revenue CAGR (5y) | 12.4% | 5.2% | -3.8% | -3.6% | -0.0% | -3.6% |
| Gross profit growth (YoY) | 36.6% | 16.5% | 4.6% | -4.2% | -7.2% | 6.6% |
| Operating income growth (YoY) | 322.1% | 103.1% | 171.1% | - | - | - |
| Net income growth (YoY) | 67.2% | 507.4% | 3.7% | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | -848.6% | - | - | - | - |
| FCF CAGR (5y) | 23.5% | - | - | - | - | - |
| Book value growth (YoY) | 34.3% | 27.7% | 0.3% | -1.1% | -7.3% | -2.4% |
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-12.11
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
8/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- -No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Tires & Inner Tubes
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| GT | $18.28B | -9.4% | -53.2% |
Comparing AMERITYRE CORP against the 1 most active filer in the same SIC group.