Davis Commodities Limited Ordinary Shares(DTCK)Earnings, Financials & Key Ratios
DTCK•NASDAQ
$1.02
$25M mkt cap·Price updated May 6, 2026
AboutDavis Commodities Limited, an investment holding company, operates as an agricultural commodity trading company in Asia, Africa, and the Middle East. The company trades in agricultural commodities, including sugar, rice, and oil and fat products under the Maxwill, Lin, and Taffy brands. It also provides warehouse storage and logistic, as well as agency services. The company was founded in 1999 and is headquartered in Singapore. Davis Commodities Limited operates as a subsidiary of Davis & KT Holdings Pte. Ltd.Show more
- Revenue$132M-30.6%
- EBITDA-$4M-493.5%
- Net Income-$4M-425.0%
- EPS (Diluted)-0.14-416.0%
- Gross Margin1.76%-36.0%
- EBITDA Margin-2.72%-666.9%
- Operating Margin-2.8%-724.3%
- Net Margin-2.67%-568.2%
- ROE-41.55%-411.3%
- ROIC-34.32%-470.3%
- Debt/Equity0.07-4.4%
- Interest Coverage-27.82-458.3%
DTCK Key Insights
Davis Commodities Limited Ordinary Shares (DTCK) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Excellent 3Y average ROE of 28.7%
- ✓Efficient asset utilization: 6.7x turnover
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 2 (bottom 2%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Thin 5Y average net margin of 0.6%
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DTCK Price & Volume
Davis Commodities Limited Ordinary Shares (DTCK) stock price & volume — 10-year historical chart
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DTCK Growth Metrics
Davis Commodities Limited Ordinary Shares (DTCK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-12%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years59.36%
5 Years59.36%
3 Years30.03%
Last Year-39.53%
DTCK Peer Comparison
Davis Commodities Limited Ordinary Shares (DTCK) competitors in Grain Merchandising and Processing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AGRI | 311.84K | 0.77 | -0.02 | 316.97% | -14.4% | -159.87% | 0.24 | |
 FLNG | 1.73B | 31.94 | 23.14 | -2.44% | 21.52% | 10.4% | 7.81% | 2.57 |
 VNET | 2.62B | 9.01 | 93.06 | 11.41% | -5.98% | -7.63% | 2.67 | |
 HGTY | 2.43B | 10.07 | 27.22 | 22.23% | 8.87% | 19.55% | 7.99% | |
 ADM | 37.6B | 78.02 | 34.99 | -6.15% | 1.34% | 4.72% | 11.18% | 0.37 |
 BG | 24.46B | 126.05 | 25.62 | 32.42% | 0.85% | 4.28% | 0.97 | |
 INGR | 6.71B | 106.37 | 9.51 | -2.84% | 10.1% | 17.14% | 7.62% | 0.41 |
 SMPL | 1.26B | 12.63 | 12.38 | 8.98% | 6.26% | 5.23% | 12.54% | 0.17 |
Compare DTCK vs Peers
Davis Commodities Limited Ordinary Shares (DTCK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DTCK Income Statement
Davis Commodities Limited Ordinary Shares (DTCK) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|
| Sales/Revenue | 131.63M | 194.24M | 206.72M | 190.72M | 132.37M |
| Revenue Growth % | - | 47.57% | 6.42% | -7.74% | -30.6% |
| Cost of Goods Sold | 125.77M | 181.99M | 193.84M | 136.76M | 130.04M |
| COGS % of Revenue | 95.55% | 93.7% | 93.77% | 71.71% | 98.24% |
| Gross Profit | 5.86M▲ 0% | 12.24M▲ 109.1% | 12.88M▲ 5.2% | 5.23M▼ 59.4% | 2.33M▼ 55.6% |
| Gross Margin % | 4.45% | 6.3% | 6.23% | 2.74% | 1.76% |
| Gross Profit Growth % | - | 109.07% | 5.16% | -59.36% | -55.57% |
| Operating Expenses | 5.93M | 7.27M | 7.59M | 4.38M | 6.03M |
| OpEx % of Revenue | 4.51% | 3.74% | 3.67% | 2.3% | 4.55% |
| Selling, General & Admin | 5.93M | 7.27M | 7.59M | 5.88M | 6.03M |
| SG&A % of Revenue | 4.51% | 3.74% | 3.67% | 3.08% | 4.55% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | -1.5M | 0 |
| Operating Income | -75K▲ 0% | 4.98M▲ 6737.3% | 5.28M▲ 6.1% | 853.96K▼ 83.8% | -3.7M▼ 533.3% |
| Operating Margin % | -0.06% | 2.56% | 2.56% | 0.45% | -2.8% |
| Operating Income Growth % | - | 6737.33% | 6.13% | -83.84% | -533.28% |
| EBITDA | -25K | 5.02M | 5.33M | 915.96K | -3.6M |
| EBITDA Margin % | -0.02% | 2.58% | 2.58% | 0.48% | -2.72% |
| EBITDA Growth % | - | 20172.73% | 6.12% | -82.8% | -493.47% |
| D&A (Non-Cash Add-back) | 50K | 40.18K | 42.06K | 62K | 96K |
| EBIT | 544K | 5.65M | 5.57M | 1.34M | -3.22M |
| Net Interest Income | -56K | -48K | -33K | -110K | -133K |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 56K | 48K | 33K | 110K | 133K |
| Other Income/Expense | 563K | 623K | 252K | 381.04K | 349K |
| Pretax Income | 488K▲ 0% | 5.6M▲ 1047.7% | 5.54M▼ 1.2% | 1.24M▼ 77.7% | -3.35M▼ 371.3% |
| Pretax Margin % | 0.37% | 2.88% | 2.68% | 0.65% | -2.53% |
| Income Tax | 32K | 901K | 920K | 149K | 178K |
| Effective Tax Rate % | 6.56% | 16.09% | 16.62% | 12.06% | -5.31% |
| Net Income | 456K▲ 0% | 4.7M▲ 930.7% | 4.62M▼ 1.8% | 1.09M▼ 76.5% | -3.53M▼ 425.0% |
| Net Margin % | 0.35% | 2.42% | 2.23% | 0.57% | -2.67% |
| Net Income Growth % | - | 930.7% | -1.81% | -76.47% | -424.95% |
| Net Income (Continuing) | 456K | 4.7M | 4.62M | 1.09M | -3.53M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.01▲ 0% | 0.14▲ 929.4% | 0.14▲ 0.0% | 0.04▼ 68.4% | -0.14▼ 416.0% |
| EPS Growth % | - | 929.41% | 0% | -68.36% | -416.03% |
| EPS (Basic) | 0.01 | 0.14 | 0.14 | 0.04 | -0.14 |
| Diluted Shares Outstanding | 24.34M | 24.34M | 24.34M | 24.5M | 24.5M |
| Basic Shares Outstanding | 24.34M | 24.34M | 24.34M | 24.5M | 24.5M |
| Dividend Payout Ratio | - | - | 47.16% | - | - |
DTCK Balance Sheet
Davis Commodities Limited Ordinary Shares (DTCK) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|
| Total Current Assets | 12.16M | 24.22M | 17.5M | 23.27M | 12.21M |
| Cash & Short-Term Investments | 5.86M | 7.09M | 2.54M | 1.33M | 678K |
| Cash Only | 5.86M | 7.09M | 2.54M | 1.33M | 678K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.22M | 15.2M | 4.66M | 15.37M | 8.07M |
| Days Sales Outstanding | 14.47 | 28.56 | 8.22 | 29.41 | 22.24 |
| Inventory | 397.23K | 95K | 2.18M | 537K | 319K |
| Days Inventory Outstanding | 1.15 | 0.19 | 4.1 | 1.43 | 0.9 |
| Other Current Assets | 495.77K | 1.54M | 5.05M | 25K | 66K |
| Total Non-Current Assets | 486K | 443K | 399K | 6.61M | 7.48M |
| Property, Plant & Equipment | 234K | 198K | 163K | 200.14K | 371K |
| Fixed Asset Turnover | 562.50x | 981.01x | 1268.20x | 952.97x | 356.79x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 4.81M | 5.35M |
| Other Non-Current Assets | 252K | 245K | 236K | 1.6M | 1.75M |
| Total Assets | 12.65M▲ 0% | 24.66M▲ 95.0% | 17.9M▼ 27.4% | 29.88M▲ 66.9% | 19.69M▼ 34.1% |
| Asset Turnover | 10.41x | 7.88x | 11.55x | 6.38x | 6.72x |
| Asset Growth % | - | 94.96% | -27.41% | 66.91% | -34.11% |
| Total Current Liabilities | 10.18M | 22.38M | 11.36M | 19.16M | 11.69M |
| Accounts Payable | 5.54M | 15.34M | 5.1M | 14.32M | 9.13M |
| Days Payables Outstanding | 16.08 | 30.77 | 9.6 | 38.23 | 25.64 |
| Short-Term Debt | 2.04M | 47K | 157K | 207K | 219K |
| Deferred Revenue (Current) | 1.82M | 1.51M | 3.85M | 1.87M | 323K |
| Other Current Liabilities | 403K | 6K | 422K | 204K | 218K |
| Current Ratio | 1.19x | 1.08x | 1.54x | 1.21x | 1.04x |
| Quick Ratio | 1.16x | 1.08x | 1.35x | 1.19x | 1.02x |
| Cash Conversion Cycle | -0.46 | -2.01 | 2.72 | -7.38 | -2.5 |
| Total Non-Current Liabilities | 39K | 210K | 529K | 462K | 1.27M |
| Long-Term Debt | 0 | 209K | 528K | 323K | 103K |
| Capital Lease Obligations | 38K | 0 | 0 | 139K | 72K |
| Deferred Tax Liabilities | 1K | 1K | 1K | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 1.1M |
| Total Liabilities | 10.22M | 22.59M | 11.89M | 19.62M | 12.96M |
| Total Debt | 2.12M | 294K | 685K | 734K | 460K |
| Net Debt | -3.74M | -6.79M | -1.85M | -596K | -218K |
| Debt / Equity | 0.87x | 0.14x | 0.11x | 0.07x | 0.07x |
| Debt / EBITDA | - | 0.06x | 0.13x | 0.80x | - |
| Net Debt / EBITDA | - | -1.35x | -0.35x | -0.65x | - |
| Interest Coverage | -1.34x | 103.71x | 160.09x | 7.76x | -27.82x |
| Total Equity | 2.43M▲ 0% | 2.07M▼ 14.6% | 6.01M▲ 190.2% | 10.26M▲ 70.6% | 6.73M▼ 34.4% |
| Equity Growth % | - | -14.59% | 190.2% | 70.6% | -34.42% |
| Book Value per Share | 0.10 | 0.09 | 0.25 | 0.42 | 0.27 |
| Total Shareholders' Equity | 2.43M | 2.07M | 6.01M | 10.26M | 6.73M |
| Common Stock | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 985.89K | 952K | 4.89M | 5.98M | 2.45M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 10K | 7K | 1.12M | 1.13M | 1.12M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
DTCK Cash Flow Statement
Davis Commodities Limited Ordinary Shares (DTCK) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|
| Cash from Operations | 2.94M | 3.21M | -1.95M | 1.81M | -777K |
| Operating CF Margin % | 2.24% | 1.66% | -0.94% | 0.95% | -0.59% |
| Operating CF Growth % | - | 9.21% | -160.53% | 192.96% | -142.95% |
| Net Income | 456K | 4.7M | 4.62M | 1.09M | -3.53M |
| Depreciation & Amortization | 50K | 40.18K | 58K | 62K | 96K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 360K | -380.18K | 195K | 540K | 17K |
| Working Capital Changes | 2.08M | -1.15M | -6.81M | 121K | 2.64M |
| Change in Receivables | 568K | -11.22M | 4.57M | -8.05M | 9.4M |
| Change in Inventory | -224K | 241K | -2.08M | 1.21M | 218K |
| Change in Payables | 1.9M | 10.43M | -8.73M | 6.14M | -6.22M |
| Cash from Investing | -2K | 42K | 42K | -208K | -5K |
| Capital Expenditures | -3K | -11K | -14K | -296K | -5K |
| CapEx % of Revenue | 0% | 0.01% | 0.01% | 0.16% | 0% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | 1K | 53K | 56K | 88K | 0 |
| Cash from Financing | 1.67M | -2.03M | -2.64M | -2.81M | 130K |
| Debt Issued (Net) | 1.78M | -1.82M | 311.1K | -25K | -237K |
| Equity Issued (Net) | 0 | 0 | 0 | 1000K | 0 |
| Dividends Paid | 0 | 0 | -2.18M | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -104K | -205K | -777.87K | -5.94M | 367K |
| Net Change in Cash | 4.61M▲ 0% | 1.23M▼ 73.3% | -4.55M▼ 469.4% | -1.21M▲ 73.4% | -652K▲ 46.1% |
| Free Cash Flow | 2.94M▲ 0% | 3.2M▲ 8.9% | -1.96M▼ 161.2% | 1.51M▲ 177.2% | -782K▼ 151.7% |
| FCF Margin % | 2.23% | 1.65% | -0.95% | 0.79% | -0.59% |
| FCF Growth % | - | 8.94% | -161.17% | 177.19% | -151.69% |
| FCF per Share | 0.12 | 0.13 | -0.08 | 0.06 | -0.03 |
| FCF Conversion (FCF/Net Income) | 6.46x | 0.68x | -0.42x | 1.67x | 0.22x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 32K | 0 | 499K | 791K | 856K |
DTCK Key Ratios
Davis Commodities Limited Ordinary Shares (DTCK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 18.8% | 208.98% | 114.16% | 13.35% | -41.55% |
| Return on Invested Capital (ROIC) | - | - | 95.29% | 9.27% | -34.32% |
| Gross Margin | 4.45% | 6.3% | 6.23% | 2.74% | 1.76% |
| Net Margin | 0.35% | 2.42% | 2.23% | 0.57% | -2.67% |
| Debt / Equity | 0.87x | 0.14x | 0.11x | 0.07x | 0.07x |
| Interest Coverage | -1.34x | 103.71x | 160.09x | 7.76x | -27.82x |
| FCF Conversion | 6.46x | 0.68x | -0.42x | 1.67x | 0.22x |
| Revenue Growth | - | 47.57% | 6.42% | -7.74% | -30.6% |
DTCK Frequently Asked Questions
Davis Commodities Limited Ordinary Shares (DTCK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Davis Commodities Limited Ordinary Shares (DTCK) reported $241.1M in revenue for fiscal year 2024. This represents a 83% increase from $131.6M in 2020.
Davis Commodities Limited Ordinary Shares (DTCK) saw revenue decline by 30.6% over the past year.
Davis Commodities Limited Ordinary Shares (DTCK) reported a net loss of $1.9M for fiscal year 2024.
Dividend & Returns
Davis Commodities Limited Ordinary Shares (DTCK) has a return on equity (ROE) of -41.6%. Negative ROE indicates the company is unprofitable.
Davis Commodities Limited Ordinary Shares (DTCK) generated $0.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More DTCK
Davis Commodities Limited Ordinary Shares (DTCK) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates