Interest rates are a big deal for Peller. Q2Shareholders are the residual claim on operating profits. This quarter saw ALL operating profits go to debt holders.
Decent revenue increase over last year.
I think Peller is a Debt vs Dividend story for next few years. If Bank of Canada raises in Dec and holds next year it won't be great for Peller equity holders all else being equal.
I can see Gross and Operating profit margins increasing with price increases. What are your thoughts?
| | Sep 30 '22 | | Sep 30 '21 | | | |
| Sales | 101,816 | | 99,224 | | 199515 | 191621 |
| COGS | 62,336 | 61.2% | 56,816 | 57.3% | 121972 | 111952 |
| Dep_prod | 2,472 | 2.4% | 2,411 | 2.4% | 4791 | 4516 |
| Gross_profit | 37,008 | 36.3% | 39,997 | 40.3% | 72752 | 75153 |
| SGA | 27,822 | 27.3% | 26,587 | 26.8% | 53914 | 51935 |
| Dep | 3,209 | 3.2% | 2,862 | 2.9% | 6431 | 5871 |
| Op_profit | 5,977 | 5.9% | 10,548 | 10.6% | | |
| Interest | 6,016 | 5.9% | 2,478 | 2.5% | 8629 | 4751 |