Fortune Valley Treasures, Inc. financial data

Symbol
FVTI on OTC
Location
Guangdong Province, China
Fiscal year end
31 December
Latest financial report
10-Q - Q2 2024 - 14 Aug 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 128% % -55%
Quick Ratio 1% % -78%
Debt-to-equity 202% % 424%
Return On Equity -288% % -521%
Return On Assets -91% % -169%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15,655,038 shares 0%
Common Stock, Shares, Outstanding 15,655,038 shares 0%
Common Stock, Value, Issued $15,655 USD 0%
Weighted Average Number of Shares Outstanding, Basic 15,655,038 shares 0%
Weighted Average Number of Shares Outstanding, Diluted 15,655,038 shares 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues $3,844 USD -86%
Revenue from Contract with Customer, Excluding Assessed Tax $1,843,562 USD -78%
Cost of Revenue $1,340,815 USD -69%
Selling and Marketing Expense $55,959 USD 5.1%
General and Administrative Expense $5,496,590 USD -5.1%
Operating Income (Loss) $5,493,814 USD -59%
Nonoperating Income (Expense) $21,831 USD 23%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $5,515,645 USD -59%
Income Tax Expense (Benefit) $352 USD -100%
Net Income (Loss) Attributable to Parent $5,299,978 USD -60%
Earnings Per Share, Basic 0 USD/shares -62%
Earnings Per Share, Diluted 0 USD/shares -150%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $7,410 USD -90%
Accounts Receivable, after Allowance for Credit Loss, Current $2,155,612 USD -58%
Inventory, Net $34,546 USD -55%
Other Assets, Current $4,152 USD -41%
Assets, Current $3,652,437 USD -46%
Property, Plant and Equipment, Net $65,544 USD -42%
Intangible Assets, Net (Excluding Goodwill) $46,364 USD -82%
Assets $4,595,437 USD -46%
Accounts Payable, Current $518,058 USD -25%
Accrued Liabilities, Current $756,864 USD 37%
Contract with Customer, Liability, Current $1,338,274 USD 1046%
Liabilities, Current $4,153,090 USD 52%
Liabilities $4,479,440 USD 50%
Accumulated Other Comprehensive Income (Loss), Net of Tax $499,540 USD 3.3%
Retained Earnings (Accumulated Deficit) $10,280,026 USD -106%
Stockholders' Equity Attributable to Parent $297,322 USD -95%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $115,997 USD -98%
Liabilities and Equity $4,595,437 USD -46%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $290,166 USD -66%
Net Cash Provided by (Used in) Financing Activities $19,341 USD -38%
Common Stock, Shares Authorized 150,000,000 shares 0%
Common Stock, Shares, Issued 15,655,038 shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $271,470 USD -87%
Interest Paid, Excluding Capitalized Interest, Operating Activities $10,884 USD 17%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Operating Lease, Liability $211,853 USD -35%
Depreciation $8,207 USD -19%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $5,282,928 USD -38%
Lessee, Operating Lease, Liability, to be Paid $219,230 USD -35%
Property, Plant and Equipment, Gross $238,233 USD -13%
Lessee, Operating Lease, Liability, to be Paid, Year Two $53,041 USD -49%
Lessee, Operating Lease, Liability, to be Paid, Year One $105,926 USD -13%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $7,377 USD -37%
Lessee, Operating Lease, Liability, to be Paid, Year Three $5,504 USD -87%
Lessee, Operating Lease, Liability, to be Paid, Year Four $5,540 USD -4.9%
Operating Lease, Payments $71,727 USD 70%
Amortization of Intangible Assets $50,353 USD -6.9%
Depreciation, Depletion and Amortization $58,560 USD -8.9%
Interest Expense $39,941 USD 14%