STCN · Steel Connect, 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 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $174.11M | - | $203.27M | $613.77M | $782.81M | $645.26M |
| Cost of Revenue | $125.62M | - | $161.74M | $484.15M | $619.85M | $670.10M |
| Gross Profit | $48.49M | - | $41.54M | $129.61M | $162.96M | $149.73M |
| R&D | - | - | - | - | - | - |
| SG&A | $37.48M | - | $40.37M | $96.53M | $103.26M | $144.08M |
| Total Operating Expenses | $41.03M | - | $40.37M | $142.44M | $130.52M | $175.01M |
| D&A | $1.83M | - | $2.22M | $23.29M | $23.07M | $22.06M |
| Operating Income | $7.46M | - | $1.16M | ($12.83M) | $32.44M | ($25.28M) |
| Interest Expense | $996.0K | $3.12M | $3.12M | $31.14M | $33.97M | $41.95M |
| Income Tax | ($67.02M) | - | $11.39M | $1.61M | $5.92M | $4.67M |
| Net Income | $87.98M | - | ($10.97M) | ($44.39M) | ($5.28M) | ($66.73M) |
| EPS - Basic | $3.30 | - | ($0.22) | ($0.75) | ($0.12) | ($1.13) |
| EPS - Diluted | $3.11 | - | ($0.22) | ($0.75) | ($0.12) | ($1.13) |
Balance Sheet
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $248.61M | $121.37M | $53.14M | $96.93M | $75.89M | $32.55M |
| Accounts Receivable | $33.44M | $28.62M | $40.08M | $69.81M | $93.07M | $112.14M |
| Inventory | $6.73M | $8.57M | $8.15M | $16.23M | $15.35M | $23.67M |
| Accounts Payable | $25.22M | $26.51M | $30.55M | $55.52M | $70.00M | $85.90M |
| Current Assets | $295.83M | $319.27M | $109.83M | $213.40M | $223.54M | $213.32M |
| Total Assets | $485.63M | $411.18M | $137.75M | $676.38M | $759.17M | $731.56M |
| Current Liabilities | $75.06M | $67.75M | $83.80M | $217.99M | $249.93M | $256.85M |
| Long-term Debt | $12.90M | $12.46M | $10.97M | $367.53M | $373.52M | $368.50M |
| Total Liabilities | $93.71M | $104.82M | $111.78M | $634.99M | $675.17M | $643.68M |
| Stockholders' Equity | $154.18M | $63.65M | ($9.21M) | $6.21M | $48.82M | $52.69M |
| Retained Earnings | $93.46M | $7.61M | ($7.49B) | ($7.48B) | ($7.43B) | ($7.43B) |
Cash Flow
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $21.85M | - | ($3.13M) | $23.07M | $71.62M | $20.85M |
| Investing Cash Flow | $108.58M | - | ($1.49M) | ($3.33M) | ($11.89M) | ($14.48M) |
| Financing Cash Flow | ($2.13M) | - | ($2.30M) | ($9.84M) | ($12.28M) | ($63.81M) |
| CapEx | $3.96M | - | $1.49M | $3.62M | $12.07M | $14.54M |
| Free Cash Flow | $17.88M | - | ($4.62M) | $19.45M | $59.55M | $6.31M |
Ratios
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 27.9% | - | 20.4% | 21.1% | 20.8% | 23.2% |
| Operating margin | 4.3% | - | 0.6% | -2.1% | 4.1% | -3.9% |
| EBITDA margin | 5.3% | - | 1.7% | 1.7% | 7.1% | -0.5% |
| Net margin | 50.5% | - | -5.4% | -7.2% | -0.7% | -10.3% |
| Free cash flow margin | 10.3% | - | -2.3% | 3.2% | 7.6% | 1.0% |
| FCF / Net income | 0.20 | - | 0.42 | -0.44 | -11.27 | -0.09 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 21.5% | - | 19.9% | 15.7% | 13.2% | 22.3% |
| Effective tax rate | -319.8% | - | 2711.4% | - | 934.8% | - |
| Return on assets | 18.1% | - | -8.0% | -6.6% | -0.7% | -9.1% |
| Return on equity | 57.1% | - | 119.1% | -714.6% | -10.8% | -126.6% |
| Return on invested capital | 4.5% | - | 33.0% | -2.7% | 3.8% | -4.7% |
| Liquidity | ||||||
| Current ratio | 3.94 | 4.71 | 1.31 | 0.98 | 0.89 | 0.83 |
| Quick ratio | 3.85 | 4.59 | 1.21 | 0.90 | 0.83 | 0.74 |
| Cash ratio | 3.31 | 1.79 | 0.63 | 0.44 | 0.30 | 0.13 |
| Leverage | ||||||
| Debt / Equity | 0.08 | 0.20 | -1.19 | 59.16 | 7.65 | 6.99 |
| Debt / Assets | 0.03 | 0.03 | 0.08 | 0.54 | 0.49 | 0.50 |
| Debt / EBITDA | 1.39 | - | 3.24 | 35.14 | 6.73 | - |
| Interest coverage | 7.5x | - | 0.4x | -0.4x | 1.0x | -0.6x |
| Equity multiplier | 3.15 | 6.46 | -14.96 | 108.88 | 15.55 | 13.88 |
| Liabilities / Assets | 0.19 | 0.25 | 0.81 | 0.94 | 0.89 | 0.88 |
| Efficiency | ||||||
| Asset turnover | 0.36 | - | 1.48 | 0.91 | 1.03 | 0.88 |
| Inventory turnover | 18.66 | - | 19.84 | 29.83 | 40.37 | 28.31 |
| Days sales outstanding | 70d | - | 72d | 42d | 43d | 63d |
| Days inventory outstanding | 20d | - | 18d | 12d | 9d | 13d |
| Days payable outstanding | 73d | - | 69d | 42d | 41d | 47d |
| Cash conversion cycle | 16d | - | 21d | 12d | 11d | 30d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | -66.9% | -21.6% | 21.3% | 40.6% |
| Revenue CAGR (3y) | -34.3% | - | -32.0% | 10.2% | 21.5% | 12.0% |
| Revenue CAGR (5y) | -23.0% | - | -14.2% | 6.0% | 6.9% | -2.3% |
| Gross profit growth (YoY) | - | - | -68.0% | -20.5% | 8.8% | 47.9% |
| Operating income growth (YoY) | - | - | - | - | - | -204.3% |
| Net income growth (YoY) | - | - | 75.3% | -740.1% | 92.1% | - |
| EPS growth (YoY) | - | - | 70.7% | -525.0% | 89.4% | 4.2% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | -67.3% | 843.8% | - |
| FCF CAGR (5y) | 23.2% | - | - | - | 41.0% | 2.2% |
| Book value growth (YoY) | 142.2% | - | - | -87.3% | -7.4% | -51.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-07-31.
Business segments
$174.11M totalSupply Chain$174.11M · 100.0%
Product / service
$348.22M totalService$174.11M · 50.0%
Supply Chain Management Services$172.63M · 49.6%
Product And Service Other$1.48M · 0.4%
Geographic
$174.11M totalCN$61.34M · 35.2%
US$40.86M · 23.5%
NL$21.72M · 12.5%
All Other Segments$18.73M · 10.8%
SG$17.14M · 9.8%
CZK$14.32M · 8.2%
Stability scores
Altman Z′
FY 2024 · bankruptcy risk
1.59
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 2024 · 9-point quality
2/9
Weak
- ✓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-Business Services, NEC
Comparing Steel Connect against the 5 most active filers in the same SIC group.