WTEROTCWholesale-Groceries & Related ProductsFiscal year ends March 31
ALKALINE WATER Co INC
Financials through Q1 FY2024, quarter ended Jun 30, 2023Last filing: 10-Q on Sep 22, 2023
$0.03+0.00 (+13.04%)
Close on Oct 19, 2026
- Market cap
- $267.63K
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2023
Gross margin
18.3%−22.8 pts over 5 years
Operating margin
-34.5%−4.6 pts over 5 years
Net margin
-43.0%−9.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2023
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.4% | +18.4% | +26.3% | – | |
| Gross profit | +24.0% | -3.9% | +7.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2012 | FY2018 | FY2023 | Trend |
|---|---|---|---|---|
| Return on equity | 764.0% | -1034.2% | 1110.5% | |
| Return on assets | -848.3% | -129.5% | -135.2% | |
| Current ratio | 0.27 | 0.87 | 0.68 | |
| Interest coverage | – | -12.7× | -7.4× | |
| Inventory turnover | – | 12.8× | 7.4× | |
| Capex to revenue | – | 1.6% | 2.3% | |
| Diluted shares | 0M | 1M | 9M |
Where the cash went
Fiscal 2019 to 2023, five years combined
Alkaline Water generated $78.30M from operations and spent $4.87M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$78.30M
Used
$4.87M
Capital expenditure$4.87M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-43.0%
×Asset turnover3.15×
×Equity multiplier-8.21×
=Return on equity, FY20231110.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -43.0% | 3.15× | -8.21× | 1110.5% |
| FY2022 | -72.3% | 2.33× | 4.12× | -693.5% |
| FY2021 | -35.6% | 2.29× | 3.18× | -259.7% |
| FY2020 | -38.6% | 2.25× | 2.63× | -228.5% |
| FY2019 | -26.8% | 2.62× | 2.08× | -145.8% |
| FY2018 | -33.8% | 3.84× | 7.98× | -1034.2% |
| FY2017 | -27.1% | 3.17× | 3.41× | -292.8% |
| FY2016 | -116.8% | 2.49× | 3.17× | -921.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2023 against fiscal 2022
4of 8 tests passed in fiscal 2023. Some tests lack the figures they need.
- ProfitableNet income above zero-$27.41M
- Cash generatingOperating cash flow above zero-$10.43M
- Return on assets improvedROA up on the prior year-161.2% → -121.8%
- Earnings backed by cashOperating cash flow above net income-$10.43M vs -$27.41M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.97 → 0.68
- No dilutionShare count did not rise7M → 9M
- Gross margin improvedGross margin up on the prior year17.15% → 18.26%
- More efficientAsset turnover rose2.23 → 2.83