Raytech Holding Limited Ordinary Shares(RAY)Earnings, Financials & Key Ratios
RAY•NASDAQ
$3.11
$55M mkt cap·50.8× P/E·Price updated May 6, 2026
SectorConsumer DefensiveIndustryHousehold ProductsSub-IndustrySuppliers, Durables and Specialty Retailers
AboutRaytech Holdings Company Limited, through its subsidiary, manufactures electronic personal care and household appliances in Hong Kong. It offers hair care products, such as hair dryers, hair straighteners, and curling iron products; trimmer series, including facial shavers, nose trimmers, and eyebrow trimmers; eyelash curlers; neck care series; nail care series; tooling products; and other personal care appliance series, such as body and facial brushes, reset brushes, callus removers, sonic peeling products, handy fans, and others. It also provides product design and development services. The company was founded in 1993 and is based in Kowloon Bay, Hong Kong with additional location in Zhongshan, China.Show more
- Revenue$79M+17.6%
- EBITDA$8M-32.7%
- Net Income$8M-16.8%
- EPS (Diluted)0.48-22.6%
- Gross Margin22.62%+1.6%
- EBITDA Margin9.72%-42.7%
- Operating Margin9.71%-42.7%
- Net Margin10.5%-29.2%
- ROE15.31%-74.0%
RAY Key Insights
Raytech Holding Limited Ordinary Shares (RAY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 116.1%
- ✓Healthy 5Y average net margin of 15.5%
✗Weaknesses
- ✗Weak momentum: RS Rating 7 (bottom 7%)
- ✗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.
RAY Price & Volume
Raytech Holding Limited Ordinary Shares (RAY) stock price & volume — 10-year historical chart
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RAY Growth Metrics
Raytech Holding Limited Ordinary Shares (RAY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years20.41%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-4.32%
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-3.85%
TTM-
Return on Capital
10 Years197.59%
5 Years197.59%
3 Years55.68%
Last Year14.16%
RAY Peer Comparison
Raytech Holding Limited Ordinary Shares (RAY) competitors in Suppliers, Durables and Specialty Retailers — 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 |
|---|---|---|---|---|---|---|---|---|
 CODA | 134.35M | 11.92 | 32.22 | 30.75% | 14.78% | 7.17% | 0.01 | |
 CLFD | 419.28M | 30.28 | -52.21 | 19.56% | -6.32% | -3.4% | 0.03 | |
 ITRN | 1.38B | 58.89 | 20.17 | 6.77% | 16.15% | 27.27% | 0.02 | |
 VIAV | 12.26B | 53.00 | 353.33 | 8.39% | -4.03% | -6.92% | 0.89 | |
 LITE | 67.42B | 944.28 | 2552.11 | 21.03% | 17.68% | 30.68% | 2.30 | |
 AAOI | 14.09B | 178.54 | -278.97 | 82.75% | -8.39% | -7.54% | 0.23 | |
 COHR | 54.66B | 344.67 | -662.83 | 23.42% | 10.59% | 6.94% | 0.46 | |
 NPKI | 1.33B | 15.71 | 37.40 | 27.38% | 12.36% | 10.34% | 0.10 |
Compare RAY vs Peers
Raytech Holding Limited Ordinary Shares (RAY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RAY Income Statement
Raytech Holding Limited Ordinary Shares (RAY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Sales/Revenue | 31.86M | 45.11M | 45.52M | 66.97M | 78.74M |
| Revenue Growth % | - | 41.58% | 0.91% | 47.13% | 17.57% |
| Cost of Goods Sold | 23.95M | 4.24M | 4.36M | 52.07M | 60.93M |
| COGS % of Revenue | 75.19% | 9.41% | 9.57% | 77.74% | 77.38% |
| Gross Profit | 7.91M▲ 0% | 1.55M▼ 80.4% | 1.45M▼ 6.5% | 14.9M▲ 928.9% | 17.81M▲ 19.5% |
| Gross Margin % | 24.81% | 3.44% | 3.18% | 22.26% | 22.62% |
| Gross Profit Growth % | - | -80.39% | -6.55% | 928.89% | 19.48% |
| Operating Expenses | 1.19M | 1.38M | 4.28M | 3.55M | 10.16M |
| OpEx % of Revenue | 3.72% | 3.06% | 9.4% | 5.29% | 12.9% |
| Selling, General & Admin | 1.17M | 1.34M | 4.16M | 3.46M | 10.16M |
| SG&A % of Revenue | 3.68% | 2.98% | 9.14% | 5.16% | 12.9% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 12.18K | 37.53K | 116.5K | 90.34K | 0 |
| Operating Income | 6.72M▲ 0% | 10.72M▲ 59.6% | 7.19M▼ 32.9% | 11.36M▲ 57.9% | 7.65M▼ 32.7% |
| Operating Margin % | 21.09% | 23.78% | 15.81% | 16.96% | 9.71% |
| Operating Income Growth % | - | 59.6% | -32.92% | 57.9% | -32.67% |
| EBITDA | 6.73M | 10.73M | 7.21M | 11.36M | 7.65M |
| EBITDA Margin % | 21.13% | 23.79% | 15.84% | 16.97% | 9.72% |
| EBITDA Growth % | - | 59.38% | -32.81% | 57.64% | -32.65% |
| D&A (Non-Cash Add-back) | 12.18K | 4.82K | 14.86K | 4.87K | 4.87K |
| EBIT | 6.72M | 10.72M | 7.19M | 11.36M | 10.52M |
| Net Interest Income | 1.3K | -1.35K | 136.2K | 1.41M | 3.16M |
| Interest Income | 1.3K | 327 | 143.35K | 1.42M | 3.16M |
| Interest Expense | 0 | 1.68K | 7.15K | 2.03K | 0 |
| Other Income/Expense | 2.65K | 455.94K | 279.65K | 1.39M | 2.88M |
| Pretax Income | 6.72M▲ 0% | 11.18M▲ 66.3% | 7.47M▼ 33.2% | 12.75M▲ 70.6% | 10.52M▼ 17.5% |
| Pretax Margin % | 21.1% | 24.79% | 16.42% | 19.04% | 13.37% |
| Income Tax | 1.1M | 1.74M | 1.18M | 2.82M | 2.26M |
| Effective Tax Rate % | 16.34% | 15.56% | 15.8% | 22.09% | 21.44% |
| Net Income | 5.62M▲ 0% | 9.44M▲ 67.9% | 6.29M▼ 33.3% | 9.94M▲ 57.9% | 8.27M▼ 16.8% |
| Net Margin % | 17.65% | 20.93% | 13.82% | 14.84% | 10.5% |
| Net Income Growth % | - | 67.86% | -33.34% | 57.91% | -16.79% |
| Net Income (Continuing) | 5.62M | 9.44M | 6.29M | 9.94M | 8.27M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.32▲ 0% | 0.54▲ 68.8% | 0.36▼ 33.3% | 0.62▲ 72.2% | 0.48▼ 22.6% |
| EPS Growth % | - | 68.75% | -33.33% | 72.22% | -22.58% |
| EPS (Basic) | 0.32 | 0.54 | 0.36 | 0.62 | 0.48 |
| Diluted Shares Outstanding | 17.5M | 17.5M | 17.5M | 16M | 17.18M |
| Basic Shares Outstanding | 17.5M | 17.5M | 17.5M | 16M | 17.18M |
| Dividend Payout Ratio | - | 16.5% | - | - | - |
RAY Balance Sheet
Raytech Holding Limited Ordinary Shares (RAY) balance sheet — assets, liabilities & shareholders' equity
| Line item | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Total Current Assets | 11.78M | 20.65M | 29.75M | 52.84M | 94.87M |
| Cash & Short-Term Investments | 3.42M | 12.29M | 21.36M | 35.89M | 84.85M |
| Cash Only | 3.42M | 12.29M | 21.36M | 35.89M | 84.85M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.77M | 5.83M | 8.29M | 15.1M | 8.14M |
| Days Sales Outstanding | 20.24 | 47.16 | 66.5 | 82.28 | 37.75 |
| Inventory | 1.95M | 0 | 0 | 1.86M | 1.88M |
| Days Inventory Outstanding | 29.68 | - | - | 13.01 | 11.26 |
| Other Current Assets | 4.65M | 2.44M | 0 | 0 | 0 |
| Total Non-Current Assets | 39.33K | 30.11K | 420.56K | 5.27M | 16.2K |
| Property, Plant & Equipment | 27.52K | 26.41K | 11.51K | 0 | 0 |
| Fixed Asset Turnover | 1157.43x | 1707.85x | 3955.36x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 11.8K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 3.7K | 409.06K | 5.27M | 16.2K |
| Total Assets | 11.82M▲ 0% | 2.67M▼ 77.4% | 4.21M▲ 57.9% | 58.11M▲ 1280.2% | 94.89M▲ 63.3% |
| Asset Turnover | 2.69x | 16.92x | 10.81x | 1.15x | 0.83x |
| Asset Growth % | - | -77.45% | 57.91% | 1280.19% | 63.29% |
| Total Current Liabilities | 4.86M | 5.95M | 11.91M | 27.04M | 17.93M |
| Accounts Payable | 3.7M | 4.87M | 9.5M | 25.01M | 466.33K |
| Days Payables Outstanding | 56.42 | 418.63 | 795.96 | 175.33 | 2.79 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 1.71M | 0 | 501.8K |
| Other Current Liabilities | 1.11M | 0 | 0 | 1.39M | 11.32K |
| Current Ratio | 2.43x | 3.47x | 2.50x | 1.95x | 5.29x |
| Quick Ratio | 2.02x | 3.47x | 2.50x | 1.89x | 5.19x |
| Cash Conversion Cycle | -6.5 | - | - | -80.04 | 46.22 |
| Total Non-Current Liabilities | 0 | 11.23K | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 87.97K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | -76.74K | 0 | 0 | 0 |
| Total Liabilities | 4.86M | 770.67K | 1.52M | 27.04M | 17.93M |
| Total Debt | 0 | 188.82K | 87.97K | 0 | 0 |
| Net Debt | -3.42M | -12.1M | -21.27M | -35.89M | -84.85M |
| Debt / Equity | - | 0.10x | 0.03x | - | - |
| Debt / EBITDA | - | 0.02x | 0.01x | - | - |
| Net Debt / EBITDA | -0.51x | -1.13x | -2.95x | -3.16x | -11.09x |
| Interest Coverage | - | 6398.83x | 1006.05x | 5601.33x | - |
| Total Equity | 6.96M▲ 0% | 1.9M▼ 72.8% | 2.69M▲ 42.1% | 31.08M▲ 1054.0% | 76.96M▲ 147.7% |
| Equity Growth % | - | -72.78% | 42.05% | 1054.01% | 147.66% |
| Book Value per Share | 0.40 | 0.11 | 0.15 | 1.94 | 4.48 |
| Total Shareholders' Equity | 6.96M | 14.85M | 21.14M | 31.08M | 76.96M |
| Common Stock | 783 | 783 | 783 | 783 | 862 |
| Retained Earnings | 6.86M | 14.75M | 21.04M | 30.98M | 39.24M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
RAY Cash Flow Statement
Raytech Holding Limited Ordinary Shares (RAY) cash flow — operating, investing & free cash flow history
| Line item | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Cash from Operations | 6.7M | 8.23M | 10.96M | 15.75M | 6.22M |
| Operating CF Margin % | 21.02% | 18.24% | 24.08% | 23.51% | 7.9% |
| Operating CF Growth % | - | 22.91% | 33.21% | 43.66% | -60.5% |
| Net Income | 5.62M | 9.44M | 6.29M | 9.94M | 8.27M |
| Depreciation & Amortization | 12.18K | 37.53K | 116.5K | 90.34K | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.07M | -452 | 178.45K | -61.04K | 214.99K |
| Working Capital Changes | -2.02M | -1.25M | 4.37M | 5.78M | -2.26M |
| Change in Receivables | -268.91K | -521.62K | -115.8K | -991.14K | 6.34M |
| Change in Inventory | -1.74M | 250.22K | 0 | -237.16K | -26.19K |
| Change in Payables | 0 | 149.68K | 582.19K | 1.99M | -9.43M |
| Cash from Investing | -4.67M | 2.2M | 1.44M | 846.86K | 145.17K |
| Capital Expenditures | -21.51K | -1.5K | 0 | 0 | 0 |
| CapEx % of Revenue | 0.07% | 0% | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - |
| Other Investing | -4.65M | 2.21M | 1.44M | 846.86K | 145.17K |
| Cash from Financing | 0 | -1.56M | -3.18M | -2.08M | 42.87M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 1000K |
| Dividends Paid | 0 | -1.56M | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -3.18M | -2.08M | 0 |
| Net Change in Cash | 2.02M▲ 0% | 8.87M▲ 339.1% | 9.07M▲ 2.2% | 14.52M▲ 60.1% | 48.97M▲ 237.2% |
| Free Cash Flow | 6.67M▲ 0% | 1.06M▼ 84.2% | 1.4M▲ 32.5% | 15.75M▲ 1026.2% | 6.22M▼ 60.5% |
| FCF Margin % | 20.95% | 2.34% | 3.07% | 23.51% | 7.9% |
| FCF Growth % | - | -84.18% | 32.48% | 1026.15% | -60.5% |
| FCF per Share | 0.38 | 0.06 | 0.08 | 0.98 | 0.36 |
| FCF Conversion (FCF/Net Income) | 1.19x | 0.87x | 1.74x | 1.58x | 0.75x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 2.14M | 2.62M | 2.7M | 1.67M |
RAY Key Ratios
Raytech Holding Limited Ordinary Shares (RAY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 80.77% | 213.13% | 274.29% | 58.85% | 15.31% |
| Return on Invested Capital (ROIC) | 142.06% | - | - | - | - |
| Gross Margin | 24.81% | 3.44% | 3.18% | 22.26% | 22.62% |
| Net Margin | 17.65% | 20.93% | 13.82% | 14.84% | 10.5% |
| Debt / Equity | - | 0.10x | 0.03x | - | - |
| Interest Coverage | - | 6398.83x | 1006.05x | 5601.33x | - |
| FCF Conversion | 1.19x | 0.87x | 1.74x | 1.58x | 0.75x |
| Revenue Growth | - | 41.58% | 0.91% | 47.13% | 17.57% |
RAY Frequently Asked Questions
Raytech Holding Limited Ordinary Shares (RAY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Raytech Holding Limited Ordinary Shares (RAY) reported $145.7M in revenue for fiscal year 2025. This represents a 357% increase from $31.9M in 2021.
Raytech Holding Limited Ordinary Shares (RAY) grew revenue by 17.6% over the past year. This is strong growth.
Yes, Raytech Holding Limited Ordinary Shares (RAY) is profitable, generating $18.2M in net income for fiscal year 2025 (10.5% net margin).
Dividend & Returns
Raytech Holding Limited Ordinary Shares (RAY) has a return on equity (ROE) of 15.3%. This is reasonable for most industries.
Raytech Holding Limited Ordinary Shares (RAY) generated $22.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More RAY
Raytech Holding Limited Ordinary Shares (RAY) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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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