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Argan AGX GB — Valuation Allowance Deferred Tax Asset Change In Amount

Discontinued — last reported Q1 '21

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Other financials

Income statement

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Revenue$291.0M+50.2%
Gross profit$61.1M+65.8%
Operating income$45.4M+86.5%
Net income$46.1M+104%
EPS (diluted)$3.24+102%

Balance sheet

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Cash & equivalents$355.8M+88.0%
Total debt$6.4M+20.6%
Total equity$473.5M+30.1%
Total assets$1.3B+62.4%

Cash flow

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Operating cash flow$113.4M+221%
CapEx$2.4M+516%
Free cash flow$111.0M+218%

Valuation

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Market cap$10.36B+361%
P/E64.2×+41.8×
P/S9.9×+7.5×

Profitability

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Gross margin20.9%+3.3pp
Operating margin14.9%+3.3pp
Net margin15.5%+4.5pp
FCF margin46.7%+27.1pp

Returns & leverage

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Return on equity38.5%+8.0pp
Debt / equity0.0×
Current ratio1.5×-0.2×

Where this comes from

Reported directly by Argan in its filing.

Tagged under the XBRL concept us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount.

The official record: Argan’s 10-Q, filed June 9, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does GB — valuation allowance deferred tax asset change in amount mean?
The net change in the amount of tax assets deemed unlikely to be realized during the reporting period.
How do you interpret GB — valuation allowance deferred tax asset change in amount?
A negative change (reduction in allowance) is generally positive, signaling improved earnings expectations, whereas a positive change signals increased tax risk or lower projected profitability.
How does GB — valuation allowance deferred tax asset change in amount compare across companies?
Comparable to tax provision adjustments in other firms; investors look for consistency in these changes relative to segment earnings volatility.