Steel & Tube Holdings Limited (NZX:STU) Annual Report 2022



The latest annual report of Steel & Tube Holdings Limited (STU) was published on 30 Jun 2022. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - STU Annual Results

Amounts in NZD

Total Revenue
599.15M
Gross Profit
131.99M
EBIT
46.05M
Net Tangible Assets
202.23M
Net Income
30.19M
Capital Expenditures
-6.18M

STU Income Statement 2022 Annual Report

As per the latest Income Statement of STU, the Net revenue increased by $118.11M (25%) compared to the previous period. The operating income in 2022 increased by $28.63M (164%). The net income as per the annual report was 30.19M which increased by $14.82M (96%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 599.15M 481.04M
Gross Profit 131.99M 96.33M
Operating Income 46.05M 17.42M
Income Before Tax 41.94M 14.95M
Net Income 30.19M 15.37M

Balance Sheet - STU 2022 Annual Report

Read further: STU Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Steel & Tube Holdings Limited showed the company reduced the cash on balance sheet by $-16.99M (-68%). The Net tangible assets of STU on the balance sheet were at 202.23M which is $17.61M (10%) more than previous annual report. The total stockholder equity also increased by $16.35M (8%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 8.05M 25.03M
Total Assets 433.86M 365.8M
Long Term Debt - -
Total Liabilities 223.76M 172.05M
Total Shareholder Equity 210.1M 193.75M
Net Tangible Assets 202.23M 184.62M

Cash Flow Statement - STU 2022 Annual Report

The 2022 annual cash flow statement of Steel & Tube Holdings Limited showed that the net income increased by $14.82M (96%) compared to previous reporting period. Also the capital expenditure of STU decreased by $-641000 (-12%).

As of 2022, the total cash from investing activities was -6.11M and total cash from financing activities was 23.23M.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 30.19M 15.37M
Capital Expenditures -6.18M -5.54M
Dividends Paid -14.59M -2.01M
Total Cash From From Investing Activities -6.11M 3.11M
Total Cash From From Financing Activities 23.23M -24.83M

Steel & Tube Holdings Limited Annual Report History

Income Statement

Income Statement history of Steel & Tube Holdings Limited (NZX:STU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 599.15M 481.04M 417.92M 498.11M
Cost Of Revenue 467.16M 384.71M 338.47M 387.14M
Gross Profit 131.99M 96.33M 79.45M 110.97M
Research Development - - - -
Selling General Administrative 86.31M 79.19M 92.4M 95.6M
Non Recurring - - - -
Other Operating Expenses -363k -273k -849k -972k
Total Operating Expenses 553.1M 463.62M 430.02M 481.77M
Operating Income 46.05M 17.42M -12.1M 16.34M
Total Other Income Expense Net -4.11M -2.47M -52.26M -2.38M
Ebit 46.05M 17.42M -12.1M 16.34M
Interest Expense -5.81M -5.85M -6.76M -2.94M
Income Before Tax 41.94M 14.95M -64.36M 13.97M
Income Tax Expense 11.74M -418k -4.34M 3.55M
Minority Interest - - - -
Net Income From Continuing Ops 30.19M 15.37M -60.01M 10.41M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 30.19M 15.37M -60.01M 10.41M
Net Income Applicable To Common Shares 30.19M 15.37M -60.01M 10.41M

Balance Sheet Statement

Balance Sheet Statement history of Steel & Tube Holdings Limited (NZX:STU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 8.05M 25.03M 17.42M 9.01M
Net Receivables 96.65M 77.31M 60.99M 75.3M
Inventory 192.46M 113.47M 101.06M 113.96M
Other Current Assets 1.49M 607k 1.05M 120k
Total Current Assets 303.79M 222.51M 193.76M 213.83M
Property Plant Equipment 114.61M 119.93M 128.09M 52.03M
Intangible Assets 7.88M 9.13M 11.89M 19.85M
Other Assets 7.58M 14.23M 12.5M 3.38M
Deferred Long Term Asset Charges 7.58M 12.87M 11.6M 3.38M
Total Assets 433.86M 365.8M 346.25M 326.16M
Accounts Payable 49.47M 51.56M 28.57M 32.15M
Other Current Liab 5.79M 3.05M 7.12M 4.48M
Other Liab 1.27M 1.28M 1.02M 2.7M
Total Current Liabilities 139.97M 80.02M 58.87M 45.56M
Total Liab 223.76M 172.05M 164.96M 72.26M
Common Stock 156.67M 156.67M 156.67M 156.67M
Retained Earnings 54.77M 38.91M 22.54M 94.14M
Treasury Stock -1.34M -1.83M 2.08M 3.09M
Other Stockholder Equity 1.56M 1.07M 4.98M 5.99M
Total Stockholder Equity 210.1M 193.75M 181.29M 253.9M
Net Tangible Assets 202.23M 184.62M 169.4M 196.98M
Long Term Debt - - 10M 24M

Cash Flow Statement

Cash Flow Statement history of Steel & Tube Holdings Limited (NZX:STU)

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 30.19M 15.37M -60.01M 10.41M
Depreciation 17.39M 15.56M 17.95M 4.87M
Change To Netincome 11.33M -3.09M 47.7M 3.8M
Change To Account Receivables -18.39M -9.6M 16.94M 7.59M
Change To Liabilities 2.78M 21.15M 1.62M -15.04M
Change To Inventory -78.99M -12.41M 12.9M 2.08M
Total Cash From Operating Activities -34.12M 29.33M 39.61M 21.3M
Capital Expenditures -6.18M -5.54M -7.59M -7.15M
Total Cashflows From Investing Activities -6.11M 3.11M -1.65M -4.89M
Dividends Paid -14.59M -2.01M -2.52M -5.88M
Net Borrowings 37.82M -22.82M -27.03M -85.94M
Total Cash From Financing Activities 23.23M -24.83M -29.55M -12.99M
Change In Cash -16.99M 7.62M 8.41M 3.43M