DAZSF ZKGC New Energy Ltd

Overview and Growth

Fiscal 2023 results for ZKGC New Energy Ltd combined $3.79M of revenue with net income of $73.21K and an operating cash outflow of $43.62K. Revenue of $3.79M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 29.5% from $2.93M in fiscal 2022, increasing the company’s operating scale. On a per-share basis, diluted EPS was $0.01, which connects the reported earnings outcome with the company’s diluted share count. The company employed $1.70M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 2.22x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $360.19K, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 9.5%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $52.72K after the reported operating expense base. Relative to revenue, the operating deficit measured 1.4%, showing the shortfall after operating costs. Net income came to $73.21K, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 1.9% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $124.09K of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 3.3%, adding a pre-tax profitability layer between revenue and net income. The company recognized $51.71K of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 41.7% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 19.8%, indicating the profitability achieved on book capital. Net income represented 4.3% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

The company held $1.70M of assets against $1.33M of liabilities and $370.28K of equity, revealing how the asset base was financed. At period end, current assets of $1.12M compared with current liabilities of $1.33M, defining the company’s short-term resource position. The current ratio was 0.84x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Cash and equivalents totaled $41.89K, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 3.1% of current liabilities, showing how much near-term coverage came from cash alone. The liabilities-to-assets relationship was 78.3%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 2.5%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $1.06M in fiscal 2022, the current asset base moved 60.9% and finished higher. Reported equity changed 18.8% from $311.79K in fiscal 2022, placing the current capital base higher year over year. Compared with $115.27K in fiscal 2022, the current cash balance moved 63.7% and finished lower.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $43.62K, showing that operations absorbed cash during the period. The company spent $440.88K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Operating cash flow and capital spending combined to leave a $484.49K cash deficit after capital spending. The free-cash-flow deficit equaled 12.8% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 28.4%.

Based on the annual report for the fiscal year ending May 31, 2023. Analysis generated Sep 24, 2026.