Regis Corporation (RGS) saw its loss narrow to $33.84 million, or $0.62 a share for the year ended Jun. 30, 2015. In the previous year period, the company reported a loss of $138.52 million, or $2.45 a share.
Revenue during the year went down marginally by 2.91 percent to $1,837.29 million from $1,892.44 million in the previous year. Gross margin for the year expanded 23 basis points over the previous year to 31.65 percent. Operating margin for the year period stood at positive 0.19 percent as compared to a negative 1.85 percent for the previous year.
Operating income for the year was $3.53 million, compared with an operating loss of $34.96 million in the previous year.
Operating cash flow declines
Regis Corporation has generated cash of $93.96 million from operating activities during the year, down 19.52 percent or $22.79 million, when compared with the last year.
The company has spent $35.58 million cash to meet investing activities during the year as against cash outgo of $44.38 million in the last year. It has incurred net capital expenditure of $35.27 million on net basis during the year, down 28.64 percent or $14.15 million from year ago.
The company has spent $221.64 million cash to carry out financing activities during the year as against cash inflow of $104.21 million in the last year period.
Cash and cash equivalents stood at $212.28 million as on Jun. 30, 2015, down 43.93 percent or $166.35 million from $378.63 million on Jun. 30, 2014.
Working capital declines
Regis Corporation has witnessed a decline in the working capital over the last year. It stood at $211.62 million as at Jun. 30, 2015, down 7.41 percent or $16.94 million from $228.55 million on Jun. 30, 2014. Current ratio was at 1.98 as on Jun. 30, 2015, up from 1.59 on Jun. 30, 2014.
Cash conversion cycle (CCC) has decreased to 24 days for the year from 28 days for the last year. Days sales outstanding went down to 5 days for the year compared with 7 days for the same period last year.
Days inventory outstanding has decreased to 38 days for the year compared with 40 days for the previous year period. At the same time, days payable outstanding was almost stable at 18 days for the year, when compared with the previous year period.
Debt comes down significantly
Regis Corporation has recorded a decline in total debt over the last one year. It stood at $120 million as on Jun. 30, 2015, down 59.11 percent or $173.50 million from $293.50 million on Jun. 30, 2014. Total debt was 10.33 percent of total assets as on Jun. 30, 2015, compared with 20.73 percent on Jun. 30, 2014. Debt to equity ratio was at 0.19 as on Jun. 30, 2015, down from 0.41 as on Jun. 30, 2014. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
