RYB Education, Inc. (RYB) Margin Analysis

RYB Education, Inc.

RYB (NYSE)

(%)

Models
RYB Education, Inc. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 18	2021 Dec 31	2020 Dec 31	2019 Dec 31	2018 Dec 31
Revenue	180.3	180.3	109.7	182.3	156.5
Revenue Growth Rate	0%	64.35%	-39.81%	16.48%	11.15%
Cost of Revenue	149.1	149.1	116.9	155.5	130.9
Gross Profit	31.17	31.17	-7.19	26.75	25.63
Gross Margin	17.29%	17.29%	-6.55%	14.67%	16.38%
Operating Income	8.51	10.23	-43.39	0.166	-3.03
Operating Margin	4.72%	5.67%	-39.54%	0.091%	-1.93%
Net Income	2.06	3.54	-37.28	-2.43	-1.79
Net Margin	1.14%	1.97%	-33.98%	-1.33%	-1.14%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 18	2021 Dec 31	2020 Dec 31	2019 Dec 31	2018 Dec 31
Revenue	180.3	180.3	109.7	182.3	156.5
Cash from Operating Activities	4.36	19.23	-6.53	12.98	0.828
Cash from Operating Activities Margin	2.42%	10.66%	-5.95%	7.12%	0.529%
Free Cash Flow	-1.23	12.21	-10.5	0.49	-10.65
Free Cash Flow Margin	-0.682%	6.77%	-9.57%	0.269%	-6.81%
Depreciation and Amortization	3.2	13.05	11.67	11.52	8.06
Depreciation and Amortization Margin	1.77%	7.24%	10.64%	6.32%	5.15%
Capital Expenditure	-5.59	-7.02	-3.98	-12.49	-11.48
Capital Expenditure Margin	-3.1%	-3.89%	-3.62%	-6.85%	-7.34%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2018", "x": "2018-12-31", "y": 16.38}, {"l": "2019", "x": "2019-12-31", "y": 14.67}, {"l": "2020", "x": "2020-12-31", "y": -6.55}, {"l": "2021", "x": "2021-12-31", "y": 17.29}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2018", "x": "2018-12-31", "y": -1.93}, {"l": "2019", "x": "2019-12-31", "y": 0.091}, {"l": "2020", "x": "2020-12-31", "y": -39.54}, {"l": "2021", "x": "2021-12-31", "y": 5.67}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2018", "x": "2018-12-31", "y": -1.14}, {"l": "2019", "x": "2019-12-31", "y": -1.34}, {"l": "2020", "x": "2020-12-31", "y": -33.98}, {"l": "2021", "x": "2021-12-31", "y": 1.97}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2018", "x": "2018-12-31", "y": -6.81}, {"l": "2019", "x": "2019-12-31", "y": 0.269}, {"l": "2020", "x": "2020-12-31", "y": -9.57}, {"l": "2021", "x": "2021-12-31", "y": 6.77}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2021 (Q4) Dec 31	2021 (Q3) Sep 30	2021 (Q2) Jun 30	2021 (Q1) Mar 31	2020 (Q4) Dec 31	2020 (Q3) Sep 30
Revenue	47.42	42.81	53.4	36.68	47.07	32.55
Revenue Growth Rate	10.78%	-19.83%	45.58%	-22.08%	44.61%
Cost of Revenue	37.27	39.74	38.87	33.27	35.14	30.53
Gross Profit	10.16	3.07	14.53	3.41	11.93	2.02
Gross Margin	21.42%	7.17%	27.21%	9.3%	25.35%	6.2%
Operating Income	4.81	-2.66	8.62	-2.26	1.17	-3.52
Operating Margin	10.14%	-6.22%	16.15%	-6.15%	2.48%	-10.82%
Net Income	-0.077	-2.23	6.21	-1.84	9.31	-7.13
Net Margin	-0.162%	-5.2%	11.62%	-5.02%	19.79%	-21.91%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2021 (Q4) Dec 31	2021 (Q3) Sep 30	2021 (Q2) Jun 30	2021 (Q1) Mar 31	2020 (Q4) Dec 31	2020 (Q3) Sep 30	2020 (Q2) Jun 30
Revenue	47.42	42.81	53.4	36.68	47.07	32.55
Cash from Operating Activities						0	0
Cash from Operating Activities Margin						0%
Free Cash Flow						0	0
Free Cash Flow Margin						0%
Depreciation and Amortization						0	0
Depreciation and Amortization Margin						0%
Capital Expenditure						0	0
Capital Expenditure Margin						0%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2020 (Q3)", "x": "2020-09-30", "y": 6.2}, {"l": "2020 (Q4)", "x": "2020-12-31", "y": 25.35}, {"l": "2021 (Q1)", "x": "2021-03-31", "y": 9.31}, {"l": "2021 (Q2)", "x": "2021-06-30", "y": 27.21}, {"l": "2021 (Q3)", "x": "2021-09-30", "y": 7.17}, {"l": "2021 (Q4)", "x": "2021-12-31", "y": 21.42}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2020 (Q3)", "x": "2020-09-30", "y": -10.82}, {"l": "2020 (Q4)", "x": "2020-12-31", "y": 2.48}, {"l": "2021 (Q1)", "x": "2021-03-31", "y": -6.15}, {"l": "2021 (Q2)", "x": "2021-06-30", "y": 16.15}, {"l": "2021 (Q3)", "x": "2021-09-30", "y": -6.22}, {"l": "2021 (Q4)", "x": "2021-12-31", "y": 10.14}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2020 (Q3)", "x": "2020-09-30", "y": -21.91}, {"l": "2020 (Q4)", "x": "2020-12-31", "y": 19.79}, {"l": "2021 (Q1)", "x": "2021-03-31", "y": -5.02}, {"l": "2021 (Q2)", "x": "2021-06-30", "y": 11.62}, {"l": "2021 (Q3)", "x": "2021-09-30", "y": -5.2}, {"l": "2021 (Q4)", "x": "2021-12-31", "y": -0.162}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2020 (Q3)", "x": "2020-09-30", "y": 0}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}