Fortune Valley Treasures, Inc. financial data

Location
B1601 Oriental Impression Building 2, Liansheng Road, Humen Town Dongguan City, Guangdong Province, China
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 128 % -55.2%
Quick Ratio 1.05 % -78%
Debt-to-equity 202 % +424%
Return On Equity -288 % -521%
Return On Assets -90.7 % -169%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15.7M shares 0%
Common Stock, Shares, Outstanding 15.7M shares 0%
Entity Public Float 8.58M USD -32.9%
Common Stock, Value, Issued 15.7K USD 0%
Weighted Average Number of Shares Outstanding, Basic 15.7M shares 0%
Weighted Average Number of Shares Outstanding, Diluted 15.7M shares 0%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 3.84K USD -85.6%
Revenue from Contract with Customer, Excluding Assessed Tax 1.84M USD -78.4%
Cost of Revenue 1.34M USD -68.9%
Selling and Marketing Expense 56K USD +5.15%
General and Administrative Expense 5.5M USD -5.07%
Operating Income (Loss) -5.49M USD -59.3%
Nonoperating Income (Expense) -21.8K USD +22.7%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -5.52M USD -58.7%
Income Tax Expense (Benefit) 352 USD -99.8%
Net Income (Loss) Attributable to Parent -5.3M USD -59.9%
Earnings Per Share, Basic 0 USD/shares -61.9%
Earnings Per Share, Diluted 0 USD/shares -150%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 7.41K USD -90.2%
Accounts Receivable, after Allowance for Credit Loss, Current 2.16M USD -57.7%
Inventory, Net 34.5K USD -55%
Other Assets, Current 4.15K USD -40.6%
Assets, Current 3.65M USD -46.2%
Property, Plant and Equipment, Net 65.5K USD -41.7%
Intangible Assets, Net (Excluding Goodwill) 46.4K USD -81.6%
Goodwill 431K USD -65.7%
Assets 4.6M USD -46.4%
Accounts Payable, Current 518K USD -25.1%
Accrued Liabilities, Current 757K USD +36.9%
Contract with Customer, Liability, Current 1.34M USD +1046%
Liabilities, Current 4.15M USD +51.6%
Liabilities 4.48M USD +50%
Accumulated Other Comprehensive Income (Loss), Net of Tax -500K USD +3.3%
Retained Earnings (Accumulated Deficit) -10.3M USD -106%
Stockholders' Equity Attributable to Parent 297K USD -94.7%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 116K USD -97.9%
Liabilities and Equity 4.6M USD -46.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -290K USD -65.9%
Net Cash Provided by (Used in) Financing Activities 19.3K USD -37.6%
Net Cash Provided by (Used in) Investing Activities -702 USD
Common Stock, Shares Authorized 150M shares 0%
Common Stock, Shares, Issued 15.7M shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -271K USD -86.6%
Interest Paid, Excluding Capitalized Interest, Operating Activities 10.9K USD +17.1%
Deferred Tax Assets, Valuation Allowance 39.2K USD -36.5%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 39.2K USD -36.5%
Operating Lease, Liability 212K USD -35%
Depreciation 8.21K USD -19.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -5.28M USD -38%
Lessee, Operating Lease, Liability, to be Paid 219K USD -35.1%
Property, Plant and Equipment, Gross 238K USD -13.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 53K USD -49%
Lessee, Operating Lease, Liability, to be Paid, Year One 106K USD -12.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7.38K USD -37%
Lessee, Operating Lease, Liability, to be Paid, Year Three 5.5K USD -86.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 5.54K USD -4.86%
Operating Lease, Payments 71.7K USD +70.1%
Amortization of Intangible Assets 50.4K USD -6.95%
Depreciation, Depletion and Amortization 58.6K USD -8.92%
Interest Expense 39.9K USD +14.4%