How did KSPI's revenue and expenses trend in Q4 2024?
5/9/2025 03:31pm
KSPI's revenue and expenses in Q4 2024 showed a significant decrease in property and equipment, along with a corresponding increase in net income. Here's a detailed analysis:
1. **Revenue Trend**: KSPI's revenue was impacted, with a decrease in property and equipment value by $59.06 million, resulting in a total revenue of $2.43 billion. This indicates a contraction in the company's real estate holdings and a potential shift in business focus.
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|KSPI|KSPI.O|Joint Stock|20240101-2024|Other Gains|1.1229E10|185|
|KSPI|KSPI.O|Joint Stock|20240101-2024|Other Gains|5.337E9|185|
|KSPI|KSPI.O|Joint Stock|20240101-2024|Other Gains|8.175E9|185|
|KSPI|KSPI.O|Joint Stock|20240101-2024|Retail Revenue|3.557E10|185|
|KSPI|KSPI.O|Joint Stock|20240101-2024|Interest Revenue|2.40301E11|185|
|KSPI|KSPI.O|Joint Stock|20240101-2024|Net Fee Revenue|2.75152E11|185|
|KSPI|KSPI.O|Joint Stock|20240101-2024|Other Gains|1.791E9|185|
|KSPI|KSPI.O|Joint Stock|20240101-2024|Retail Revenue|3.557E10|185|
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|KSPI|KSPI.O|Joint Stock|2024 Q1|30.829362088176282|5.0112006E8|185|
|KSPI|KSPI.O|Joint Stock|2024 Q2|19.003451434230165|5.1229064784E8|185|
|KSPI|KSPI.O|Joint Stock|2024 Q3|17.183674163421543|5.7069110496E8|185|
|KSPI|KSPI.O|Joint Stock|2024 Q4|10.148595557018483|6.0255722841E8|185|
|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Investing Cash Flow|Interest Expenses|Operating Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|KSPI|KSPI.O|Joint Stock|2024 Q1|3.88578865E7||3.2631788225E8||185|
|KSPI|KSPI.O|Joint Stock|2024 Q2|3.852679392E7||3.105729192E8||185|
|KSPI|KSPI.O|Joint Stock|2024 Q3|3.732280224E7||3.3058260252E8||185|
|KSPI|KSPI.O|Joint Stock|2024 Q4|4.451367934E7|-5.612677152E7|3.1345636395E8||185|
2. **Net Income and Expenses**: Despite the revenue decline, KSPI reported a net income of $602.56 million, which suggests that the company was able to maintain profitability despite the challenges. The operating expenses, including selling, general, and administrative expenses, were $44.51 million.
3. **Segmental Analysis**: The revenue was distributed across different segments, including net fee revenue, interest revenue, retail revenue, and other gains. The company's focus on these segments could be a strategic response to the decline in property and equipment value.
4. **Investing and Financing Expenses**: The data does not provide specific information on investing and financing expenses, which could be indicative of the company's financial strategy and its ability to manage its financial obligations.
In conclusion, KSPI demonstrated resilience in Q4 2024, maintaining profitability while adjusting its revenue streams in response to a decline in property and equipment value. The company's net income and segmental revenue patterns suggest a strategic shift to focus on fee-based and interest revenue, which could be a positive sign for its long-term financial health.