Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
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Income Statement [Abstract] | ||||
Revenue, net | $ 37,825,695 | $ 45,711,166 | $ 71,262,256 | $ 75,599,858 |
Cost of goods sold | 30,907,908 | 35,606,587 | 57,722,102 | 59,864,337 |
Gross Profit | 6,917,787 | 10,104,579 | 13,540,154 | 15,735,521 |
Selling, general and administrative expenses | 4,308,084 | 4,177,204 | 8,326,782 | 7,462,779 |
Stock-based compensation expenses | 315,296 | 294,822 | 315,813 | |
Total Operating Expenses | 4,308,084 | 4,492,500 | 8,621,604 | 7,778,592 |
Income from Operations | 2,609,703 | 5,612,079 | 4,918,550 | 7,956,929 |
Other Income (Expenses): | ||||
Interest expenses | (163,595) | (45,762) | (251,437) | (74,401) |
Other income (expenses), net | 57,807 | (74,557) | 118,049 | (38,276) |
Total other income (expenses), net | (105,788) | (120,319) | (133,388) | (112,677) |
Net income before provision for income taxes | 2,503,915 | 5,491,760 | 4,785,162 | 7,844,252 |
Income tax expenses | 712,163 | 1,050,330 | 1,272,028 | 1,468,139 |
Net Income | 1,791,752 | 4,441,430 | 3,513,134 | 6,376,113 |
Other Comprehensive Income: | ||||
Foreign currency translation (loss) income | (216,210) | (263) | (333,870) | 79,725 |
Comprehensive Income Attributable to Jerash Holdings (US), Inc.’s Common Stockholders | $ 1,575,542 | $ 4,441,167 | $ 3,179,264 | $ 6,455,838 |
Earnings Per Share Attributable to Common Stockholders: | ||||
Basic and diluted (in Dollars per share) | $ 0.14 | $ 0.39 | $ 0.28 | $ 0.56 |
Weighted Average Number of Shares | ||||
Basic (in Shares) | 12,498,431 | 11,334,318 | 12,416,823 | 11,333,907 |
Diluted (in Shares) | 12,498,431 | 11,512,533 | 12,485,512 | 11,403,931 |
Dividend per share (in Dollars per share) | $ 0.05 | $ 0.05 | $ 0.1 | $ 0.1 |
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount per share used to calculated dividend payments on preferred stock. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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