Ares International Corp
TWSE:2471
Income Statement
Earnings Waterfall
Ares International Corp
Revenue
|
841.8m
TWD
|
Cost of Revenue
|
-498m
TWD
|
Gross Profit
|
343.8m
TWD
|
Operating Expenses
|
-242.3m
TWD
|
Operating Income
|
101.5m
TWD
|
Other Expenses
|
71.5m
TWD
|
Net Income
|
173m
TWD
|
Income Statement
Ares International Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
628
N/A
|
601
-4%
|
582
-3%
|
594
+2%
|
648
+9%
|
639
-1%
|
641
+0%
|
646
+1%
|
612
-5%
|
666
+9%
|
654
-2%
|
673
+3%
|
692
+3%
|
645
-7%
|
679
+5%
|
670
-1%
|
676
+1%
|
668
-1%
|
669
+0%
|
694
+4%
|
674
-3%
|
703
+4%
|
710
+1%
|
702
-1%
|
723
+3%
|
748
+4%
|
717
-4%
|
751
+5%
|
774
+3%
|
758
-2%
|
758
0%
|
775
+2%
|
801
+3%
|
815
+2%
|
866
+6%
|
844
-2%
|
803
-5%
|
815
+2%
|
821
+1%
|
807
-2%
|
842
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(418)
|
(420)
|
(413)
|
(417)
|
(436)
|
(428)
|
(420)
|
(428)
|
(426)
|
(456)
|
(450)
|
(450)
|
(455)
|
(433)
|
(442)
|
(452)
|
(451)
|
(451)
|
(450)
|
(448)
|
(425)
|
(427)
|
(414)
|
(403)
|
(417)
|
(438)
|
(446)
|
(448)
|
(471)
|
(458)
|
(471)
|
(474)
|
(467)
|
(476)
|
(478)
|
(486)
|
(467)
|
(474)
|
(484)
|
(480)
|
(498)
|
|
Gross Profit |
210
N/A
|
181
-14%
|
170
-6%
|
177
+4%
|
212
+20%
|
211
0%
|
220
+5%
|
218
-1%
|
186
-15%
|
211
+13%
|
205
-3%
|
224
+9%
|
238
+6%
|
212
-11%
|
237
+12%
|
217
-8%
|
225
+4%
|
218
-3%
|
219
+1%
|
246
+12%
|
249
+1%
|
276
+11%
|
296
+7%
|
299
+1%
|
305
+2%
|
310
+2%
|
271
-13%
|
303
+12%
|
302
0%
|
300
-1%
|
288
-4%
|
301
+5%
|
334
+11%
|
339
+2%
|
388
+14%
|
358
-8%
|
336
-6%
|
341
+1%
|
337
-1%
|
327
-3%
|
344
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(156)
|
(158)
|
(158)
|
(148)
|
(151)
|
(164)
|
(166)
|
(164)
|
(164)
|
(167)
|
(183)
|
(190)
|
(200)
|
(198)
|
(188)
|
(184)
|
(186)
|
(187)
|
(184)
|
(189)
|
(206)
|
(211)
|
(221)
|
(228)
|
(219)
|
(225)
|
(218)
|
(221)
|
(220)
|
(194)
|
(195)
|
(209)
|
(210)
|
(218)
|
(227)
|
(234)
|
(236)
|
(241)
|
(236)
|
(242)
|
(242)
|
|
Selling, General & Administrative |
(107)
|
(109)
|
(108)
|
(106)
|
(106)
|
(106)
|
(106)
|
(106)
|
(105)
|
(109)
|
(125)
|
(131)
|
(139)
|
(135)
|
(124)
|
(119)
|
(121)
|
(119)
|
(117)
|
(117)
|
(115)
|
(115)
|
(117)
|
(122)
|
(122)
|
(127)
|
(126)
|
(131)
|
(133)
|
(125)
|
(124)
|
(120)
|
(118)
|
(124)
|
(129)
|
(132)
|
(130)
|
(131)
|
(128)
|
(132)
|
(136)
|
|
Research & Development |
(49)
|
(49)
|
(50)
|
(54)
|
(56)
|
(58)
|
(59)
|
(59)
|
(58)
|
(58)
|
(58)
|
(58)
|
(62)
|
(63)
|
(65)
|
(67)
|
(65)
|
(68)
|
(67)
|
(72)
|
(91)
|
(96)
|
(104)
|
(105)
|
(97)
|
(98)
|
(93)
|
(90)
|
(87)
|
(63)
|
(65)
|
(66)
|
(92)
|
(94)
|
(99)
|
(101)
|
(106)
|
(110)
|
(109)
|
(110)
|
(106)
|
|
Other Operating Expenses |
0
|
0
|
0
|
11
|
11
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
(23)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
54
N/A
|
24
-56%
|
11
-52%
|
29
+158%
|
61
+110%
|
47
-23%
|
55
+17%
|
54
-1%
|
23
-58%
|
44
+92%
|
22
-51%
|
34
+59%
|
37
+8%
|
14
-63%
|
49
+259%
|
33
-33%
|
39
+19%
|
30
-23%
|
35
+15%
|
57
+64%
|
43
-25%
|
65
+50%
|
75
+17%
|
71
-5%
|
86
+21%
|
85
-1%
|
53
-38%
|
82
+55%
|
82
+0%
|
106
+29%
|
93
-12%
|
92
-1%
|
123
+34%
|
121
-2%
|
160
+32%
|
124
-22%
|
100
-20%
|
100
+1%
|
100
0%
|
86
-14%
|
101
+18%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
9
|
10
|
5
|
8
|
8
|
0
|
4
|
16
|
14
|
18
|
26
|
23
|
52
|
34
|
34
|
28
|
(11)
|
2
|
10
|
9
|
20
|
30
|
18
|
15
|
11
|
9
|
4
|
8
|
10
|
15
|
12
|
16
|
15
|
25
|
48
|
71
|
70
|
56
|
101
|
106
|
94
|
|
Non-Reccuring Items |
0
|
11
|
11
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
17
|
17
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
1
|
4
|
4
|
4
|
3
|
(1)
|
3
|
4
|
5
|
5
|
2
|
3
|
1
|
5
|
6
|
4
|
6
|
2
|
1
|
1
|
(0)
|
0
|
0
|
0
|
1
|
2
|
4
|
4
|
4
|
3
|
1
|
1
|
1
|
0
|
(0)
|
0
|
3
|
3
|
3
|
3
|
(0)
|
|
Pre-Tax Income |
64
N/A
|
48
-24%
|
31
-36%
|
41
+30%
|
71
+76%
|
47
-34%
|
62
+31%
|
74
+20%
|
42
-43%
|
67
+59%
|
49
-26%
|
60
+22%
|
91
+51%
|
54
-41%
|
90
+67%
|
65
-28%
|
36
-45%
|
35
-2%
|
46
+30%
|
68
+48%
|
63
-7%
|
95
+50%
|
94
-1%
|
86
-8%
|
98
+14%
|
96
-2%
|
61
-37%
|
112
+84%
|
114
+2%
|
124
+9%
|
106
-15%
|
109
+3%
|
139
+27%
|
147
+6%
|
208
+42%
|
195
-6%
|
172
-12%
|
159
-8%
|
204
+28%
|
194
-5%
|
196
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(13)
|
(8)
|
(6)
|
(6)
|
(10)
|
(7)
|
(6)
|
(10)
|
(5)
|
(9)
|
(9)
|
(8)
|
(9)
|
(14)
|
(19)
|
(16)
|
(4)
|
7
|
7
|
4
|
(6)
|
(12)
|
(16)
|
(17)
|
(18)
|
(17)
|
(8)
|
(14)
|
(16)
|
(18)
|
(19)
|
(18)
|
(24)
|
(25)
|
(35)
|
(35)
|
(29)
|
(28)
|
(25)
|
(22)
|
(23)
|
|
Income from Continuing Operations |
51
|
40
|
25
|
34
|
62
|
40
|
55
|
65
|
37
|
58
|
41
|
53
|
81
|
40
|
71
|
49
|
31
|
42
|
53
|
72
|
57
|
83
|
77
|
70
|
80
|
79
|
52
|
98
|
98
|
106
|
87
|
91
|
115
|
122
|
173
|
161
|
143
|
131
|
179
|
172
|
173
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
|
Net Income (Common) |
51
N/A
|
40
-22%
|
25
-38%
|
34
+39%
|
62
+80%
|
40
-35%
|
55
+38%
|
65
+17%
|
37
-43%
|
58
+58%
|
41
-28%
|
53
+29%
|
82
+54%
|
40
-51%
|
71
+77%
|
49
-31%
|
32
-34%
|
42
+32%
|
53
+26%
|
73
+37%
|
57
-21%
|
83
+45%
|
77
-7%
|
70
-10%
|
80
+15%
|
79
-2%
|
52
-34%
|
97
+87%
|
98
+1%
|
106
+9%
|
87
-18%
|
91
+5%
|
115
+26%
|
122
+6%
|
173
+42%
|
161
-7%
|
143
-11%
|
131
-9%
|
180
+37%
|
172
-4%
|
173
+1%
|
|
EPS (Diluted) |
1.05
N/A
|
0.82
-22%
|
0.52
-37%
|
0.7
+35%
|
1.29
+84%
|
0.84
-35%
|
1.16
+38%
|
1.35
+16%
|
0.77
-43%
|
1.25
+62%
|
0.9
-28%
|
1.14
+27%
|
1.77
+55%
|
0.88
-50%
|
1.5
+70%
|
1.02
-32%
|
0.69
-32%
|
0.89
+29%
|
1.11
+25%
|
1.53
+38%
|
1.2
-22%
|
1.74
+45%
|
1.61
-7%
|
1.45
-10%
|
1.67
+15%
|
1.64
-2%
|
1.09
-34%
|
2.04
+87%
|
2.05
+0%
|
2.22
+8%
|
1.83
-18%
|
1.9
+4%
|
2.4
+26%
|
2.53
+5%
|
3.65
+44%
|
3.36
-8%
|
2.99
-11%
|
2.74
-8%
|
3.78
+38%
|
3.61
-4%
|
3.63
+1%
|