China Tracker - Details for Jade Art Group (JADA)

 Jade Art Group
Shares Outstanding (MRQ): 79.98 mill
New Shares / Dilution (TTM): 0.00 mill0.00%
Cash (MRQ): 16.27 mill13,562.33%
Account Receivables (MRQ): 5.91 mill4,929.41%
Account Receivables (Q/Q): -0.67 mill-10.15%
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -16.26% 
Revenue Growth (Y/Y): -78.15%
Net Income Growth (Q/Q): -78.09% 
Net Income Growth (Y/Y): -96.26%
EPS Growth (Y/Y): -96.26%
Net Margin (Q/Q): 10.1% (38.6%)-28.50% 
Net Margin (Y/Y): 10.1% (59.0%)-48.90% 
EPS | P/E (2 MRQ Projection): $0.030.05
CFPS | P/CF (2 MRQ Projection): $0.030.05
Price/Sales (2 MRQ Projection): 0.01
Price/Book (MRQ): 0.00
Auditor: Davis Accounting Group
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2010-11-17): $0.060.03
 Basic Facts and History (show more)
Reporting Type: U.S. Company (10-K Filings) 
Going Public: Reverse Merger on 2007-10-01 

 Business Outlook

COVERAGE TERMINATED (Going Dark)
Recent Chain of Events:
2010-11-16 -- Last SEC Filing
2010-11-15 -- Last Quarterly/Annual Report: Q3/FY2010 ended September 30, 2010

(Source: Trading China, 2012-09-30)

Bad debt expense for the third quarter was $767,691. This bad debt expense results from delayed payments from our five major customers. As a result of these delayed payments, the Company has suspended shipments of raw jade to two of our customers. The Company will continue to monitor this situation and periodically reevaluate the adequacy of the bad debt reserve.

(Source: Business Wire, 2010-11-15)

Having previously experienced a slowing in its growth rate, Chinese economy now appears to be recovering and showing improvement. This is having a positive impact on the commercial and residential construction markets and the jewelry market into which the Company sells raw jade. Also, comparing to the first quarter of 2009, the weather conditions in the first quarter of 2010 have been less disruptive, enabling the mining and delivery of the jade to proceed more smoothly.

(Source: Business Wire, 2010-05-20)

    see all Business Outlook notes
JADA
Basic Materials

COVERAGE SUSPENDED OR TERMINATED
 
READ: Score Cards Explained
SAFETY/RISK SCORE
EXTREME RISK
DETAILS: Safety/Risk Model for JADA
Current Price:  $0.00
F10k Day (2007-10-23): -99.85%$1.00
2009 Close: -99.78%$0.68
2010 Close: -99.17%$0.18
2011 Close: -85.00%$0.01
High (2011-09-19): -95.00%$0.03
Low (2012-01-06): -85.00%$0.01
Exchange: PNK
Market Capitalization: 0.12 mill
Total Shares: 79.98 mill
Float: n/a
Avg Volume: n/a
Last Quarter: 2010-09-30
Revenue (MRQ): 2.33 mill
Net Income (MRQ): 0.24 mill
Op. Cash Flow (MRQ): 1.23 mill
all financial data provided without warranty