Manila Jockey Club Inc

Manila Jockey Club Inc maintains a conservative capital structure characterized by negligible leverage and strong liquidity coverage. The company reports a debt-to-equity ratio of 0.0, indicating an absence of significant long-term debt obligations relative to its equity base. With total equity standing at 2,864,022,120 PHP and total liabilities at 1,062,257,810 PHP, the balance sheet is equity-heavy. The current ratio of 1.78 suggests adequate short-term liquidity to meet immediate obligations. Cash and equivalents amount to 206,408,480 PHP, providing a buffer against operational fluctuations. However, free cash flow is negative at -35,791,390 PHP, driven by capital expenditures of 19,908,190 PHP exceeding operating cash flow of 22,585,510 PHP.

Profitability metrics present a mixed picture with high return ratios but negative operating income. Return on equity is reported at 0.4186 and return on assets at 0.3053, figures that appear exceptionally high relative to the modest net income of 9,384,660 PHP. This discrepancy suggests potential anomalies in the calculation basis or the presence of non-operating income items not detailed in the snapshot. Operating income is negative at -73,799,950 PHP, indicating that core business operations are currently unprofitable before interest and taxes. Gross profit stands at 209,396,710 PHP against revenue of 285,882,770 PHP, implying a gross margin of approximately 73%. The company generates a net income of 9,384,660 PHP, resulting in a net margin of roughly 3.3%.

The firm maintains a zero debt-to-equity ratio, contrasting sharply with the cohort median leverage of 1.22.

Liquidity, dilution, and credit risks are all assessed at low levels, suggesting a stable risk profile.

Return on invested capital is negative at -4.32%, signaling that the company is destroying value on invested capital.

Revenue PHP 123.1M, +13,8% YoY; Operating income −1 192,0% YoY.

• ▍Revenue PHP 123.1M, +13,8% YoY
• ▍Operating income −1 192,0% YoY
• ▍Net income +4 917,3% YoY
• ▍Net margin 1091.3%

Revenue PHP 105.8M, −6,0% YoY; Operating income +68,1% YoY.

• ▍Revenue PHP 105.8M, −6,0% YoY
• ▍Operating income +68,1% YoY
• ▍Net income +46,8% YoY
• ▍Free cash flow +77,4% YoY
• ▍Net margin -33.5%

Revenue PHP 116.1M; Operating income -PHP 14.0M.

• ▍Revenue PHP 116.1M
• ▍Operating income -PHP 14.0M
• ▍Net margin -51.6%

Revenue PHP 101.5M; Operating income -PHP 14.6M.

• ▍Revenue PHP 101.5M
• ▍Operating income -PHP 14.6M
• ▍Net margin -48.0%

Revenue PHP 108.2M; Operating income PHP 7.9M.

• ▍Revenue PHP 108.2M
• ▍Operating income PHP 7.9M
• ▍Net margin -25.8%

Revenue PHP 112.6M; Operating income -PHP 28.6M.

• ▍Revenue PHP 112.6M
• ▍Operating income -PHP 28.6M
• ▍Net margin -59.3%

Revenue PHP 285.9M, −3,8% YoY; Operating income −163,6% YoY.

• ▍Revenue PHP 285.9M, −3,8% YoY
• ▍Operating income −163,6% YoY
• ▍Net income −66,8% YoY
• ▍Free cash flow +55,8% YoY
• ▍Net margin 3.3%

Revenue PHP 297.3M, −71,0% YoY; Operating income −102,3% YoY.

• ▍Revenue PHP 297.3M, −71,0% YoY
• ▍Operating income −102,3% YoY
• ▍Net income −97,3% YoY
• ▍Free cash flow −107,4% YoY
• ▍Net margin 9.5%

Revenue PHP 1.03B, +133,9% YoY; Operating income +2 571,5% YoY.

• ▍Revenue PHP 1.03B, +133,9% YoY
• ▍Operating income +2 571,5% YoY
• ▍Net income +617,9% YoY
• ▍Free cash flow +1 535,7% YoY
• ▍Net margin 102.6%