Revenue and profitability
- QQ4 2023 revenue: USD 7,245,032; gross profit: USD 1,642,248; gross margin: 22.67% (0.2267).
- Q4 operating expenses: USD 3,203,946; cost and expenses: USD 8,806,730; EBITDA: USD -1,476,839; operating income: USD -1,561,697; income before tax: USD -1,724,264; net income: USD -1,708,777; EPS: -0.16.
- Q4 2023 components: R&D USD 256,484; SG&A USD 2,947,460; SG&A subcomponents reflect General and Administrative USD 2,381,214 and Selling and Marketing USD 566,246.
- Net income margin for QQ4 2023: -23.59%; gross margin stable near 22.7% across reported quarters.
Liquidity, efficiency and leverage
- Current ratio: 2.70; Quick ratio: 2.18; Cash ratio: 1.291.
- Days sales outstanding (DSO): 12.46; Days inventory outstanding (DIO): 9.36; Operating cycle: 21.81 days; Days payables outstanding: 8.93; Cash conversion cycle: 12.88 days.
- Debt metrics: debt ratio 0.551; debt to equity 0.804; long-term debt to capitalization 0.433; total debt to capitalization 0.446.
- Cash flow and earnings quality: Operating cash flow per share -0.129; free cash flow per share -0.306; price-to-book 19.79; price-to-sales 8.58; price-to-earnings negative (P/E not meaningful due to losses).
- Earnings dispersion: Net income in QQ4 2023 negative despite four-quarter revenue growth, with Q1 2023 showing a positive net income (USD 206,807) followed by losses in Q2–Q4 2023.
Valuation and market metrics
- Price-to-book: 19.79; Price-to-sales: 8.58; Price-to-earnings: negative (not applicable).
- Dividend payout: 0%; Dividend yield: 0%.
- Earnings per share (diluted): -0.16 for QQ4 2023; weighted average shares outstanding: ~10.58 million.
Notes on comparables
- Peer ratios: No peers found for stock CCTG in the provided data; direct benchmarking to industry peers is constrained by data availability. Sector context implies interconnect manufacturers typically operate with higher gross margins and more stable EBITDA when scale and mix are favorable. In CCSC’s case, profitability appears more sensitive to operating expense management and product mix than to revenue alone.