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 | Q2 '23 | Q3 '23 | Q1 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.09M | $37.81M | $35.06M | $34.90M | $36.21M | $36.07M | - | $34.10M | $30.95M | $27.50M |
| Cost of Revenue | $15.59M | $13.46M | $13.33M | $12.04M | $13.76M | $13.11M | - | $12.80M | $12.45M | $12.23M |
| Gross Profit | $23.50M | $24.35M | $21.73M | $22.86M | $22.45M | $22.97M | - | $21.30M | $24.22M | $24.05M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $17.51M | $15.73M | $14.97M | $15.01M | $15.84M | $15.37M | - | $14.89M | $13.63M | $14.79M |
| Total Operating Expenses | $21.04M | $20.32M | $19.31M | $18.52M | $19.87M | $19.24M | - | $16.27M | $16.08M | $16.24M |
| D&A | $3.60M | $2.40M | $2.60M | $2.70M | $2.70M | $2.60M | - | $3.90M | $3.40M | $4.25M |
| Operating Income | $2.45M | $4.03M | $2.43M | $4.34M | $2.58M | $3.73M | - | $5.17M | $6.45M | $5.69M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $762.0K | $223.0K | $3.13M | $592.0K | $1.99M | $2.49M | - | ($119.0K) | $974.0K | $1.14M |
| Net Income | $1.46M | $2.79M | $678.0K | $3.53M | $630.0K | $1.30M | - | $5.93M | $3.35M | $2.42M |
| EPS - Basic | $0.00 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | - | $0.01 | $0.01 | $0.01 |
| EPS - Diluted | $0.00 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | - | $0.01 | $0.01 | $0.00 |
Balance Sheet
| Line item | Q2 '23 | Q3 '23 | Q1 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $25.42M | $27.10M | $29.88M | $33.74M | $35.86M | $39.83M | $45.49M | $44.00M | $33.84M | $24.51M |
| Accounts Receivable | $28.26M | $25.93M | $24.19M | $25.09M | $24.88M | $21.90M | $19.27M | $19.48M | $18.88M | $21.55M |
| Inventory | $5.14M | $4.27M | $4.94M | $3.36M | $3.44M | $3.11M | $3.11M | $3.48M | $3.74M | $3.67M |
| Accounts Payable | $4.90M | $5.43M | $6.12M | $8.05M | $6.50M | $6.06M | $6.56M | $4.51M | $4.86M | $4.30M |
| Current Assets | $69.15M | $67.53M | $69.74M | $74.63M | $73.88M | $74.40M | $77.23M | $75.53M | $64.05M | $57.27M |
| Total Assets | $181.52M | $174.09M | $176.56M | $180.55M | $172.10M | $173.21M | $171.15M | $173.55M | $154.45M | $147.73M |
| Current Liabilities | $56.73M | $51.30M | $52.02M | $40.54M | $37.16M | $34.29M | $32.70M | $36.59M | $31.40M | $29.27M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $73.50M | $67.45M | $67.75M | $53.86M | $52.66M | $48.94M | $47.75M | $50.43M | $47.00M | $45.12M |
| Stockholders' Equity | $108.01M | $106.64M | $108.81M | $126.69M | $119.43M | $124.27M | $123.39M | $123.12M | $107.45M | $102.60M |
| Retained Earnings | $78.33M | $79.29M | $79.02M | $79.71M | $77.67M | $78.47M | $76.71M | $75.38M | $70.85M | $68.69M |
Cash Flow
| Line item | Q2 '23 | Q3 '23 | Q1 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $4.98M | ($685.0K) | $4.73M | - | - | - | - | - | $5.73M |
| Investing Cash Flow | - | ($4.97M) | ($6.65M) | ($4.34M) | - | - | - | - | - | ($5.15M) |
| Financing Cash Flow | - | ($1.81M) | ($372.0K) | ($259.0K) | - | - | - | - | - | ($1.07M) |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q2 '23 | Q3 '23 | Q1 '23 | Q1 '22 | Q3 '22 | Q2 '22 | Q1 '21 | Q3 '21 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 60.1% | 64.4% | 62.0% | 65.5% | 62.0% | 63.7% | - | 62.5% | 78.2% | 87.5% |
| Operating margin | 6.3% | 10.7% | 6.9% | 12.4% | 7.1% | 10.3% | - | 15.2% | 20.8% | 20.7% |
| EBITDA margin | 15.5% | 17.0% | 14.3% | 20.2% | 14.6% | 17.5% | - | 26.6% | 31.8% | 36.1% |
| Net margin | 3.7% | 7.4% | 1.9% | 10.1% | 1.7% | 3.6% | - | 17.4% | 10.8% | 8.8% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 44.8% | 41.6% | 42.7% | 43.0% | 43.7% | 42.6% | - | 43.7% | 44.0% | 53.8% |
| Effective tax rate | 34.3% | 7.4% | 82.2% | 14.4% | 76.0% | 65.7% | - | -2.0% | 22.5% | 32.0% |
| Return on assets | 0.8% | 1.6% | 0.4% | 2.0% | 0.4% | 0.7% | - | 3.4% | 2.2% | 1.6% |
| Return on equity | 1.4% | 2.6% | 0.6% | 2.8% | 0.5% | 1.0% | - | 4.8% | 3.1% | 2.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.22 | 1.32 | 1.34 | 1.84 | 1.99 | 2.17 | 2.36 | 2.06 | 2.04 | 1.96 |
| Quick ratio | 1.13 | 1.23 | 1.25 | 1.76 | 1.90 | 2.08 | 2.27 | 1.97 | 1.92 | 1.83 |
| Cash ratio | 0.45 | 0.53 | 0.57 | 0.83 | 0.97 | 1.16 | 1.39 | 1.20 | 1.08 | 0.84 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.68 | 1.63 | 1.62 | 1.43 | 1.44 | 1.39 | 1.39 | 1.41 | 1.44 | 1.44 |
| Liabilities / Assets | 0.40 | 0.39 | 0.38 | 0.30 | 0.31 | 0.28 | 0.28 | 0.29 | 0.30 | 0.31 |
| Efficiency | ||||||||||
| Asset turnover | 0.22 | 0.22 | 0.20 | 0.19 | 0.21 | 0.21 | - | 0.20 | 0.20 | 0.19 |
| Inventory turnover | 3.03 | 3.15 | 2.70 | 3.59 | 4.00 | 4.21 | - | 3.68 | 3.33 | 3.33 |
| Days sales outstanding | 264d | 250d | 252d | 262d | 251d | 222d | - | 209d | 223d | 286d |
| Days inventory outstanding | 120d | 116d | 135d | 102d | 91d | 87d | - | 99d | 110d | 110d |
| Days payable outstanding | 115d | 147d | 168d | 244d | 172d | 169d | - | 129d | 143d | 128d |
| Cash conversion cycle | 270d | 219d | 219d | 120d | 170d | 139d | - | 179d | 190d | 267d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.3% | 4.4% | 0.5% | - | 6.2% | - | - | - | - | - |
| Revenue CAGR (3y) | 8.1% | - | 8.4% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 2.3% | 8.4% | -4.9% | - | 5.4% | - | - | - | - | - |
| Operating income growth (YoY) | -34.2% | 56.1% | -44.0% | - | -50.1% | - | - | - | - | - |
| Net income growth (YoY) | 12.5% | 342.5% | -80.8% | - | -89.4% | - | - | - | - | - |
| EPS growth (YoY) | 50.0% | 400.0% | -90.0% | - | -90.0% | - | - | - | - | - |
| EPS CAGR (3y) | -33.1% | - | -37.0% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -13.1% | -10.7% | -14.1% | 2.7% | -3.0% | - | 20.3% | - | - | -12.3% |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing MiX Telematics Ltd against the 5 most active filers in the same SIC group.