MIXT · Mix Telematics Ltd - 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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $144.99M | $143.29M | $126.89M | $145.65M | - | - |
| Cost of Revenue | $54.13M | $51.86M | $43.87M | $53.02M | - | - |
| Gross Profit | $90.87M | $91.44M | $83.03M | $92.64M | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $62.11M | $61.55M | $53.49M | $58.26M | - | - |
| Total Operating Expenses | $79.30M | $76.99M | $64.83M | $71.59M | - | - |
| D&A | $15.61M | $14.95M | $16.56M | $19.97M | - | - |
| Operating Income | $11.56M | $14.45M | $18.20M | $21.05M | - | - |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $8.45M | $4.42M | $2.63M | $9.83M | - | - |
| Net Income | $4.52M | $8.95M | $14.60M | $10.99M | - | - |
| EPS - Basic | $0.01 | $0.02 | $0.03 | $0.02 | - | - |
| EPS - Diluted | $0.01 | $0.02 | $0.03 | $0.02 | - | - |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $29.88M | $33.74M | $45.49M | $26.94M | - | - |
| Accounts Receivable | $24.19M | $25.09M | $19.27M | $21.05M | - | - |
| Inventory | $4.94M | $3.36M | $3.11M | $3.54M | - | - |
| Accounts Payable | $6.12M | $8.05M | $6.56M | $6.26M | - | - |
| Current Assets | $69.74M | $74.63M | $77.23M | $60.56M | - | - |
| Total Assets | $176.56M | $180.55M | $171.15M | $160.43M | - | - |
| Current Liabilities | $52.02M | $40.54M | $32.70M | $31.88M | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $67.75M | $53.86M | $47.75M | $44.63M | - | - |
| Stockholders' Equity | $108.81M | $126.69M | $123.39M | $116.94M | - | - |
| Retained Earnings | $79.02M | $79.71M | $76.71M | $67.48M | - | - |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $21.95M | $19.40M | $38.57M | $28.18M | - | - |
| Investing Cash Flow | ($28.79M) | ($26.16M) | ($8.65M) | ($19.42M) | - | - |
| Financing Cash Flow | $4.96M | ($5.07M) | ($5.21M) | ($15.45M) | - | - |
| CapEx | - | - | - | $14.71M | - | - |
| Free Cash Flow | - | - | - | $13.47M | - | - |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 62.7% | 63.8% | 65.4% | 63.6% | - | - |
| Operating margin | 8.0% | 10.1% | 14.3% | 14.5% | - | - |
| EBITDA margin | 18.7% | 20.5% | 27.4% | 28.2% | - | - |
| Net margin | 3.1% | 6.2% | 11.5% | 7.5% | - | - |
| Free cash flow margin | - | - | - | 9.2% | - | - |
| FCF / Net income | - | - | - | 1.23 | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 42.8% | 43.0% | 42.2% | 40.0% | - | - |
| Effective tax rate | 65.1% | 33.1% | 15.3% | 47.2% | - | - |
| Return on assets | 2.6% | 5.0% | 8.5% | 6.8% | - | - |
| Return on equity | 4.2% | 7.1% | 11.8% | 9.4% | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.34 | 1.84 | 2.36 | 1.90 | - | - |
| Quick ratio | 1.25 | 1.76 | 2.27 | 1.79 | - | - |
| Cash ratio | 0.57 | 0.83 | 1.39 | 0.85 | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.62 | 1.43 | 1.39 | 1.37 | - | - |
| Liabilities / Assets | 0.38 | 0.30 | 0.28 | 0.28 | - | - |
| Efficiency | ||||||
| Asset turnover | 0.82 | 0.79 | 0.74 | 0.91 | - | - |
| Inventory turnover | 10.97 | 15.45 | 14.11 | 14.99 | - | - |
| Days sales outstanding | 61d | 64d | 55d | 53d | - | - |
| Days inventory outstanding | 33d | 24d | 26d | 24d | - | - |
| Days payable outstanding | 41d | 57d | 55d | 43d | - | - |
| Cash conversion cycle | 53d | 31d | 27d | 34d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 1.2% | 12.9% | -12.9% | - | - | - |
| Revenue CAGR (3y) | -0.2% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | -0.6% | 10.1% | -10.4% | - | - | - |
| Operating income growth (YoY) | -20.0% | -20.6% | -13.5% | - | - | - |
| Net income growth (YoY) | -49.5% | -38.7% | 32.8% | - | - | - |
| EPS growth (YoY) | -50.0% | -33.3% | 50.0% | - | - | - |
| EPS CAGR (3y) | -20.6% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -14.1% | 2.7% | 5.5% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-03-31.
Business segments
$434.91M totalRegional Sales Offices$144.92M · 33.3%
Africa Sales Office$79.45M · 18.3%
South African Based Segments$78.50M · 18.0%
Foreign Based Segments$66.50M · 15.3%
Middle East And Australasia Sales Office$23.94M · 5.5%
Americas Sales Office$20.23M · 4.7%
Europe Sales Office$14.48M · 3.3%
Brazil Sales Office$6.81M · 1.6%
Central Services Organization$76.0K · 0.0%
Product / service
$144.99M totalSubscription$126.66M · 87.4%
Hardware And Other$18.34M · 12.6%
Stability scores
Altman Z′
FY 2023 · bankruptcy risk
2.15
Grey zone
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 2023 · 9-point quality
5/9
Neutral
- ✓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: Services-Prepackaged Software
Comparing MiX Telematics Ltd against the 5 most active filers in the same SIC group.