DLA · Delta Apparel, Inc - 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 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $78.94M | $107.30M | $106.32M | $110.33M | $107.30M | - | $126.88M | $108.63M | $110.75M | - |
| Cost of Revenue | $75.58M | $93.67M | $92.38M | $94.13M | $93.67M | - | $96.18M | $83.82M | $87.74M | - |
| Gross Profit | $3.36M | $13.62M | $13.94M | $16.21M | $13.62M | - | $30.69M | $33.52M | $23.00M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $17.96M | $18.87M | $18.49M | $19.30M | $18.87M | - | $22.42M | $19.71M | $17.48M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $3.84M | - | - | $3.84M | - | - | - | $3.37M | - |
| Operating Income | ($24.44M) | ($2.63M) | ($4.46M) | ($5.35M) | ($2.63M) | - | $9.29M | $14.34M | $5.92M | - |
| Interest Expense | $3.47M | $2.89M | $4.05M | $3.72M | $2.89M | - | $1.97M | $1.84M | $1.60M | - |
| Income Tax | $8.39M | ($1.92M) | ($2.22M) | ($2.08M) | ($1.92M) | - | $1.09M | $1.44M | $648.0K | - |
| Net Income | ($36.29M) | ($3.56M) | ($6.29M) | ($6.99M) | ($3.56M) | - | $6.24M | $4.40M | $3.65M | - |
| EPS - Basic | ($5.15) | ($0.51) | ($0.90) | ($1.00) | ($0.51) | - | $0.90 | $0.63 | $0.52 | - |
| EPS - Diluted | ($5.15) | ($0.51) | ($0.90) | ($1.00) | ($0.51) | - | $0.88 | $1.44 | $0.51 | - |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $705.0K | $377.0K | $187.0K | $625.0K | $327.0K | $300.0K | $300.0K | $428.0K | $6.38M | $9.38M |
| Accounts Receivable | $35.21M | $32.27M | $45.13M | $62.02M | $57.76M | $68.22M | $68.22M | $77.40M | $66.97M | $66.97M |
| Inventory | $156.89M | $196.35M | $212.37M | $243.17M | $258.89M | $248.54M | $248.54M | $197.69M | $183.06M | $161.70M |
| Accounts Payable | $58.31M | $58.38M | $62.09M | $66.07M | $79.84M | $83.55M | $83.55M | $66.23M | $60.50M | $52.94M |
| Current Assets | $198.03M | $234.74M | $262.96M | $312.71M | $324.85M | $323.18M | $323.18M | $280.07M | $242.96M | $242.96M |
| Total Assets | $365.90M | $424.90M | $455.24M | $512.97M | $521.44M | $523.68M | $523.68M | $475.34M | $447.38M | $434.29M |
| Current Liabilities | $196.36M | $213.27M | $115.16M | $111.99M | $127.67M | $137.56M | $137.56M | $116.91M | $107.62M | $105.46M |
| Long-term Debt | $5.76M | $7.26M | $126.47M | $159.59M | $148.90M | $136.75M | $136.75M | $122.44M | $118.15M | $101.68M |
| Total Liabilities | $259.95M | $282.93M | $305.04M | $340.33M | $342.13M | $340.96M | $340.96M | $299.99M | $270.09M | $270.09M |
| Stockholders' Equity | $106.67M | $142.69M | $150.90M | $173.34M | $180.00M | $183.38M | $183.38M | $176.00M | $165.61M | $164.85M |
| Retained Earnings | $88.57M | $124.86M | $133.39M | $156.04M | $163.03M | $166.60M | $166.60M | $160.64M | $150.50M | $146.86M |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($11.92M) | - | - | ($11.92M) | - | - | - | ($2.49M) | - |
| Investing Cash Flow | - | $2.34M | - | - | $2.34M | - | - | - | $1.26M | - |
| Financing Cash Flow | - | $9.61M | - | - | $9.61M | - | - | - | ($4.98M) | - |
| CapEx | - | $2.08M | - | - | $2.08M | - | - | - | $408.0K | - |
| Free Cash Flow | - | ($14.00M) | - | - | ($14.00M) | - | - | - | ($2.90M) | - |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 4.3% | 12.7% | 13.1% | 14.7% | 12.7% | - | 24.2% | 30.9% | 20.8% | - |
| Operating margin | -31.0% | -2.4% | -4.2% | -4.9% | -2.4% | - | 7.3% | 13.2% | 5.3% | - |
| EBITDA margin | - | 1.1% | - | - | 1.1% | - | - | - | 8.4% | - |
| Net margin | -46.0% | -3.3% | -5.9% | -6.3% | -3.3% | - | 4.9% | 4.0% | 3.3% | - |
| Free cash flow margin | - | -13.1% | - | - | -13.1% | - | - | - | -2.6% | - |
| FCF / Net income | - | 3.93 | - | - | 3.93 | - | - | - | -0.79 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 22.8% | 17.6% | 17.4% | 17.5% | 17.6% | - | 17.7% | 18.1% | 15.8% | - |
| Effective tax rate | - | - | - | - | - | - | 14.8% | 24.7% | 15.1% | - |
| Return on assets | -9.9% | -0.8% | -1.4% | -1.4% | -0.7% | - | 1.2% | 0.9% | 0.8% | - |
| Return on equity | -34.0% | -2.5% | -4.2% | -4.0% | -2.0% | - | 3.4% | 2.5% | 2.2% | - |
| Return on invested capital | -17.2% | -1.4% | -1.3% | -1.3% | -0.6% | - | 2.5% | 3.6% | 1.8% | - |
| Liquidity | ||||||||||
| Current ratio | 1.01 | 1.10 | 2.28 | 2.79 | 2.54 | 2.35 | 2.35 | 2.40 | 2.26 | 2.30 |
| Quick ratio | 0.21 | 0.18 | 0.44 | 0.62 | 0.52 | 0.54 | 0.54 | 0.70 | 0.56 | 0.77 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | 0.05 | 0.05 | 0.84 | 0.92 | 0.83 | 0.75 | 0.75 | 0.70 | 0.71 | 0.62 |
| Debt / Assets | 0.02 | 0.02 | 0.28 | 0.31 | 0.29 | 0.26 | 0.26 | 0.26 | 0.26 | 0.23 |
| Debt / EBITDA | - | 5.96 | - | - | 122.25 | - | - | - | 12.73 | - |
| Interest coverage | -7.0x | -0.9x | -1.1x | -1.4x | -0.9x | - | 4.7x | 7.8x | 3.7x | - |
| Equity multiplier | 3.43 | 2.98 | 3.02 | 2.96 | 2.90 | 2.86 | 2.86 | 2.70 | 2.70 | 2.63 |
| Liabilities / Assets | 0.71 | 0.67 | 0.67 | 0.66 | 0.66 | 0.65 | 0.65 | 0.63 | 0.60 | 0.62 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | 0.25 | 0.23 | 0.22 | 0.21 | - | 0.24 | 0.23 | 0.25 | - |
| Inventory turnover | 0.48 | 0.48 | 0.44 | 0.39 | 0.36 | - | 0.39 | 0.42 | 0.48 | - |
| Days sales outstanding | 163d | 110d | 155d | 205d | 196d | - | 196d | 260d | 221d | - |
| Days inventory outstanding | 758d | 765d | 839d | 943d | 1009d | - | 943d | 861d | 761d | - |
| Days payable outstanding | 282d | 227d | 245d | 256d | 311d | - | 317d | 288d | 252d | - |
| Cash conversion cycle | 639d | 647d | 749d | 892d | 894d | - | 822d | 833d | 731d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -28.5% | 0.0% | -16.2% | 1.6% | -3.1% | - | 76.7% | 0.0% | 16.9% | - |
| Revenue CAGR (3y) | -10.1% | 4.2% | 14.0% | 4.5% | 3.8% | - | 2.1% | 1.8% | 2.9% | - |
| Revenue CAGR (5y) | -5.2% | 1.1% | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -79.3% | 0.0% | -54.6% | -51.6% | -40.8% | - | 929.3% | 35.1% | 13.4% | - |
| Operating income growth (YoY) | -356.4% | 0.0% | - | - | - | - | - | 89.2% | 92.8% | - |
| Net income growth (YoY) | -419.1% | 0.0% | - | - | - | - | - | 398.1% | 312.8% | - |
| EPS growth (YoY) | -415.0% | 0.0% | - | - | - | - | - | 132.3% | 292.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 7.9% | 122.9% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | 9.1% | 19.9% | - | - |
| FCF growth (YoY) | - | 0.0% | - | - | -383.7% | - | - | - | 0.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -38.5% | -20.7% | -17.7% | -1.5% | 8.7% | 11.2% | 16.5% | 18.4% | 15.2% | 15.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-09-30.
Business segments
$415.35M totalDelta Group$356.34M · 85.8%
Salt Life Group$59.02M · 14.2%
Peer comparison
Same SIC group: Wholesale-Apparel, Piece Goods & Notions
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| WEYS | $276.17M | 8.4% | 9.6% |
Comparing DELTA APPAREL against the 1 most active filer in the same SIC group.