Cricut Financials

CRCT Stock  USD 5.10  0.08  1.54%   
Based on the key indicators related to Cricut's liquidity, profitability, solvency, and operating efficiency, Cricut Inc is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in December. At this time, Cricut's Other Current Assets are comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 591.5 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 423.8 M in 2024. Key indicators impacting Cricut's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.10.0701
Significantly Up
Pretty Stable
Return On Assets0.140.0715
Way Up
Very volatile
Return On Equity0.09530.1003
Notably Down
Slightly volatile
Debt Equity Ratio0.00930.0098
Notably Down
Slightly volatile
Operating Income116.3 M70 M
Way Up
Slightly volatile
Current Ratio1.873.1556
Way Down
Slightly volatile
Investors should never underestimate Cricut's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Cricut's cash flow, debt, and profitability to make informed and accurate decisions about investing in Cricut Inc.

Net Income

87.27 Million

  
Understanding current and past Cricut Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Cricut's financial statements are interrelated, with each one affecting the others. For example, an increase in Cricut's assets may result in an increase in income on the income statement.

Cricut Earnings Geography

Please note, the imprecision that can be found in Cricut's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Cricut Inc. Check Cricut's Beneish M Score to see the likelihood of Cricut's management manipulating its earnings.

Cricut Stock Summary

Cricut competes with Nano Dimension, 3D Systems, Markforged Holding, Stratasys, and HP. Cricut, Inc. designs and markets a creativity platform that enables users to turn ideas into professional-looking handmade goods. The company was incorporated in 1969 and is headquartered in South Jordan, Utah. Cricut Inc operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 800 people.
Specialization
Information Technology, Technology Hardware & Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS22658D1000
CUSIP22658D100
LocationUtah; U.S.A
Business Address10855 South River
SectorElectronic Equipment, Instruments & Components
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitecricut.com
Phone385 351 0633
CurrencyUSD - US Dollar

Cricut Key Financial Ratios

Cricut Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets317.6M581.4M1.0B949.6M750.1M705.2M
Other Current Liab29.1M71.3M94.2M145.1M107.2M85.8M
Other Liab3.1M6.0M8.1M8.9M10.2M6.6M
Net Tangible Assets118.1M226.6M674.0M672.7M773.6M388.7M
Net Debt48.8M(122.2M)(222.1M)(205.6M)(128.0M)(134.4M)
Retained Earnings(338.6M)(184.0M)(43.6M)17.1M28.5M29.9M
Accounts Payable95.8M251.7M204.7M63.2M76.9M103.3M
Cash6.7M122.2M241.6M224.9M142.2M136.3M
Other Assets2.1M6.9M5.7M57.1M1.00.95
Net Receivables65.4M162.9M199.5M136.5M111.2M135.1M
Inventory213.2M248.7M454.2M351.7M244.5M303.9M
Other Current Assets1.9M4.9M65.6M23.8M19.1M22.3M
Total Liab196.5M352.5M332.3M276.9M215.2M281.5M
Net Invested Capital176.6M228.9M674.0M672.7M534.9M442.1M
Total Current Assets287.2M538.8M928.1M811.3M620.0M624.1M
Net Working Capital111.6M192.3M619.7M557.2M423.5M362.5M
Intangible Assets3.0M2.3M1.5M760K684K649.8K

Cricut Key Income Statement Accounts

The reason investors look at the income statement is to determine what Cricut's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Tax Provision11.1M44.6M51.9M21.3M20.7M29.0M
Net Interest Income(3.3M)(1.2M)(117K)1.5M7.7M8.0M
Interest Expense3.3M1.2M298K289K323K306.9K
Total Revenue486.6M959.0M1.3B886.3M765.1M869.6M
Gross Profit142.4M332.4M457.5M349.9M343.3M318.4M
Operating Income53.6M200.5M192.4M80.0M70.0M116.3M
Ebit53.6M200.6M192.4M82.9M80.1M118.7M
Research Development26.7M38.9M79.8M76.9M65.0M57.1M
Ebitda62.7M214.6M215.7M109.8M109.9M139.1M
Cost Of Revenue344.2M626.7M848.8M536.4M421.9M551.2M
Income Before Tax50.3M199.2M192.4M82.0M79.8M117.3M
Net Income39.2M154.6M140.5M60.7M53.6M87.3M
Income Tax Expense11.1M44.6M51.9M21.3M26.1M30.0M

Cricut Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(73.2M)(38.0M)(208.0M)63.1M78.4M82.3M
Investments(14.1M)(21.8M)(35.8M)(107.9M)(50.9M)(53.4M)
Change In Cash637K115.6M119.4M(16.7M)(82.8M)(78.6M)
Free Cash Flow(10.2M)226.4M(140.7M)83.9M264.4M277.6M
Depreciation9.2M14.1M19.4M27.0M30.0M19.8M
Other Non Cash Items6.7M3.1M10.4M17.7M40.9M43.0M
Capital Expenditures14.1M21.8M35.8M33.8M23.7M25.2M
Net Income39.2M154.6M140.5M60.7M53.6M87.3M
End Period Cash Flow6.7M122.2M241.6M224.9M142.2M136.3M
Change To Netincome7.2M10.1M44.1M33.5M38.5M24.4M

Cricut Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Cricut's current stock value. Our valuation model uses many indicators to compare Cricut value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cricut competition to find correlations between indicators driving Cricut's intrinsic value. More Info.
Cricut Inc is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers reporting about  0.65  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Cricut Inc is roughly  1.53 . At this time, Cricut's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Cricut by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Cricut Inc Systematic Risk

Cricut's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Cricut volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Cricut Inc correlated with the market. If Beta is less than 0 Cricut generally moves in the opposite direction as compared to the market. If Cricut Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cricut Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cricut is generally in the same direction as the market. If Beta > 1 Cricut moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Cricut Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cricut's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Cricut growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(2.61)

At this time, Cricut's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Cricut November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Cricut help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Cricut Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cricut Inc based on widely used predictive technical indicators. In general, we focus on analyzing Cricut Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cricut's daily price indicators and compare them against related drivers.

Additional Tools for Cricut Stock Analysis

When running Cricut's price analysis, check to measure Cricut's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cricut is operating at the current time. Most of Cricut's value examination focuses on studying past and present price action to predict the probability of Cricut's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cricut's price. Additionally, you may evaluate how the addition of Cricut to your portfolios can decrease your overall portfolio volatility.