Fundamentals Hub
▼ FY 2021 Summary Analysis
Annual report ending Dec 31, 2021Overview and Growth
Fiscal 2021 results for Sincerity Applied Materials Holdings Corp. combined $62.97K of revenue with net loss of $61.33K and an operating cash inflow of $35.67K. Revenue of $62.97K sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 87.0% below fiscal 2020 revenue of $482.58K, marking a top-line contraction. The company employed $713.11K of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.09x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
The first profit layer was $41.60K of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 66.1%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $87.24K after the reported operating expense base. Relative to revenue, the operating deficit measured 138.6%, showing the shortfall after operating costs. The bottom-line result was a net loss of $61.33K after operating, financing, tax, and other recognized items. Net margin was -97.4%, reflecting a loss equal to 97.4% of reported revenue. The pretax result was a loss of $71.44K, establishing the deficit before tax effects. The pretax loss equaled 113.5% of revenue, measuring the pre-tax deficit against sales. An income-tax benefit of $10.11K improved the final result relative to pretax income or loss. The net loss equaled 120.6% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 8.6%, placing the bottom-line deficit against the company’s resource base. A $61.33K net loss replaced fiscal 2020 net income of $85.56K.Liquidity and Capital Structure
The company held $713.11K of assets against $662.25K of liabilities and $50.86K of equity, revealing how the asset base was financed. Current assets were $518.49K against $662.25K of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 0.78x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Cash and equivalents totaled $1.08K, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 0.2% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $49.15K, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.97x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 6.9%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 92.9%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 0.2%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $785.11K in fiscal 2020, the current asset base moved 9.2% and finished lower. Book equity was 47.2% lower than fiscal 2020 equity of $96.25K, showing how shareholder capital changed year over year. Cash and equivalents were 74.3% lower than fiscal 2020 cash of $4.19K, showing the year-over-year change in liquid resources.Cash Flow and Earnings Quality
Cash flow from operations was $35.67K, a reported cash inflow that can be compared directly with net income and capital spending. The combination of operating cash flow and capital spending produced $35.67K of positive free cash flow for the period. The free-cash-flow margin was 56.7%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 5.0% of total assets, relating post-investment cash generation to the company’s resource base.
Based on the annual report for the fiscal year ending Dec 31, 2021.
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