GGB
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 1.28 | 1.13 | 0.82 | 0.54 |
| Price to Sales | 0.09 | 0.12 | 0.11 | 0.11 |
| Book Value Per Common Share | 28.39 | 23.37 | 22.00 | 19.82 |
| Price to Book | 0.10 | 0.17 | 0.20 | 0.20 |
| Price to Operating Cash Flow | 0.52 | 0.76 | 0.84 | 0.67 |
| Price to Free Cash Flow | 1.08 | 1.46 | 1.40 | 0.90 |
| Enterprise Value to EBITDA | 6263.61 | 6412.28 | 4681.03 | 3498.47 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 5.74 | 6.79 | 7.68 | 18.20 | 5.47 |
| Price to Sales | 0.34 | 0.33 | 0.33 | 0.35 | 0.42 |
| Book Value Per Common Share | 27.48 | 27.49 | 27.61 | 28.39 | 26.52 |
| Price to Book | 0.11 | 0.11 | 0.10 | 0.10 | 0.13 |
| Price to Operating Cash Flow | 2.11 | 5.79 | 6.41 | 2.11 | 1.26 |
| Price to Free Cash Flow | 5.31 | -8.56 | -5.95 | 6.72 | 1.78 |
| Enterprise Value to EBITDA | 22527.77 | 24294.93 | 26069.03 | 41453.00 | 26003.87 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -37.24 | -33.02 | -25.96 | |
| Revenue YoY | -2.74 | -16.38 | 5.19 | |
| EBITDA YoY | -29.07 | -32.79 | -17.93 | |
| Net Profit YoY | -39.13 | -34.34 | -26.26 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 25.58 | 16.22 | 133.88 | -75.28 | |
| Revenue YoY | 2.61 | 0.87 | 3.29 | -3.20 | |
| EBITDA YoY | 13.75 | 8.63 | 55.87 | -49.46 | |
| Net Profit YoY | -54.57 | 14.25 | -75.89 | 571.87 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 4.05 | 2.55 | 2.55 | 3.16 |
| Quick Ratio | 1.43 | 1.08 | 0.94 | 1.08 |
| Current Ratio | 3.01 | 2.59 | 2.32 | 2.33 |
| Debt to Equity | 0.49 | 0.52 | 0.59 | 0.72 |
| Long-Term Debt to Equity | 0.31 | 0.29 | 0.30 | 0.40 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 4.96 | 4.46 | 3.38 | 4.05 | 4.21 |
| Quick Ratio | 1.41 | 1.44 | 1.24 | 1.43 | 1.46 |
| Current Ratio | 2.70 | 2.89 | 2.64 | 3.01 | 2.98 |
| Debt to Equity | 0.59 | 0.58 | 0.52 | 0.49 | 0.47 |
| Long-Term Debt to Equity | 0.37 | 0.37 | 0.31 | 0.31 | 0.28 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 5.26 | 10.02 | 15.48 | 20.99 |
| ROE | 7.85 | 15.24 | 24.68 | 36.19 |
| Gross Margin | 13.73 | 16.44 | 22.75 | 26.57 |
| Operating Margin | 9.34 | 14.78 | 20.41 | 27.23 |
| EBITDA Margin | 14.00 | 19.20 | 23.89 | 30.62 |
| Net Profit Margin | 6.81 | 10.89 | 13.86 | 19.78 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.45 | 0.99 | 0.88 | 3.58 | 0.57 |
| ROE | 0.71 | 1.55 | 1.33 | 5.34 | 0.83 |
| Gross Margin | 11.91 | 11.59 | 11.20 | 12.01 | 14.83 |
| Operating Margin | 9.98 | 8.36 | 7.69 | 3.48 | 11.57 |
| EBITDA Margin | 15.19 | 13.70 | 12.72 | 8.43 | 16.15 |
| Net Profit Margin | 2.16 | 4.89 | 4.31 | 18.48 | 2.66 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.01 | 0.01 |
| Dividend Payout Ratio | 36.27 | 35.77 | 51.57 | 34.46 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 63.82 | 30.45 | 27.04 | 20.70 | 54.40 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 86,814,493.00 | 74,885,144.00 | 73,798,652.00 | 73,814,613.00 |
| Current Assets | 32,669,423.00 | 29,197,937.00 | 31,257,422.00 | 32,640,477.00 |
| Cash and Short-Term Investments | 8,276,843.00 | 5,343,742.00 | 5,434,998.00 | 6,786,866.00 |
| Cash and Cash Equivalents | 7,767,813.00 | 3,005,645.00 | 2,475,863.00 | 4,160,654.00 |
| Short-Term Investments | 509,030.00 | 2,338,097.00 | 2,959,135.00 | 2,626,212.00 |
| Net Receivables | 7,244,600.00 | 6,872,322.00 | 7,211,666.00 | 8,309,684.00 |
| Inventory | 16,504,911.00 | 15,227,778.00 | 17,817,585.00 | 16,861,488.00 |
| Other Current Assets | 643,069.00 | 1,754,095.00 | 793,173.00 | 682,439.00 |
| Non-Current Assets | 54,145,070.00 | 45,687,207.00 | 42,541,230.00 | 41,174,136.00 |
| Property, Plant, Equipment Net | 30,760,008.00 | 24,063,184.00 | 21,383,610.00 | 19,603,530.00 |
| Goodwill | 13,853,114.00 | 10,825,148.00 | 11,634,464.00 | 12,427,527.00 |
| Intangible Assets | 400,567.00 | 373,710.00 | 415,159.00 | 509,760.00 |
| Long-Term Investments | 4,222,317.00 | 3,858,449.00 | 3,896,518.00 | 3,340,775.00 |
| Non-Current Deferred Assets | 2,427,648.00 | 2,219,461.00 | 2,164,477.00 | 2,929,308.00 |
| Other Non-Current Assets | 2,481,416.00 | 4,347,255.00 | 3,047,002.00 | 2,363,236.00 |
| Liabilities | 28,640,707.00 | 25,646,281.00 | 27,500,459.00 | 30,998,964.00 |
| Current Liabilities | 10,851,391.00 | 11,284,612.00 | 13,462,581.00 | 14,036,814.00 |
| Payables and Expenses | 7,394,344.00 | 7,762,732.00 | 8,567,703.00 | 10,627,592.00 |
| Account Payables | 5,718,104.00 | 5,901,183.00 | 6,618,923.00 | 8,017,140.00 |
| Current Accrued Liabilities | 918,612.00 | 845,848.00 | 1,056,325.00 | 1,199,143.00 |
| Short-Term Debt | 1,165,764.00 | 2,170,773.00 | 3,397,082.00 | 2,041,579.00 |
| Other Current Liabilities | 2,291,283.00 | 1,351,107.00 | 1,497,796.00 | 1,367,643.00 |
| Non-Current Liabilities | 17,789,316.00 | 14,361,669.00 | 14,037,878.00 | 16,962,150.00 |
| Long-Term Debt | 13,751,389.00 | 10,025,129.00 | 10,265,841.00 | 12,941,127.00 |
| Other Non-Current Liabilities | 4,037,927.00 | 4,336,540.00 | 3,772,037.00 | 4,021,023.00 |
| Equity | 58,173,786.00 | 49,238,863.00 | 46,298,193.00 | 42,815,649.00 |
| Shareholders Equity | 57,948,759.00 | 49,058,959.00 | 46,116,194.00 | 42,604,282.00 |
| Capital Stock | 24,273,225.00 | 20,215,343.00 | 19,249,181.00 | 19,249,181.00 |
| Share Premium | 0 | 0 | 0 | 0 |
| Retained Earnings | 24,238,217.00 | 25,914,830.00 | 22,172,561.00 | 17,838,494.00 |
| Treasury Shares | 734,278.00 | 150,182.00 | 179,995.00 | 152,409.00 |
| Accumulated Other Comprehensive Income | 13,076,265.00 | 5,983,638.00 | 7,779,117.00 | 8,539,841.00 |
| Minority Interest | 225,027.00 | 179,904.00 | 181,999.00 | 211,367.00 |
| Debt | 14,917,153.00 | 12,195,902.00 | 13,662,923.00 | 14,982,706.00 |
| Net Debt | 5,868,671.00 | 7,912,655.00 | 10,156,417.00 | 9,903,687.00 |
| Common Shares Outstanding | 2,041,293.48 | 2,099,426.89 | 2,096,086.03 | 2,149,241.02 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 67,026,656.00 | 68,916,447.00 | 82,412,210.00 | 78,345,081.00 |
| Cost Of Revenue | 57,823,416.00 | 57,583,992.00 | 63,661,156.00 | 57,527,721.00 |
| Interest Income | 372,673.00 | 359,512.00 | 213,917.00 | 66,385.00 |
| Interest Expense | 796,933.00 | 840,069.00 | 964,607.00 | 1,059,841.00 |
| Non-Interest Expense | 2,166,619.00 | 2,207,636.00 | 2,187,618.00 | 2,105,951.00 |
| Gross Profit | 9,203,240.00 | 11,332,455.00 | 18,751,054.00 | 20,817,360.00 |
| Operating Expenses | 2,859,195.00 | 1,443,604.00 | 2,151,347.00 | 797,479.00 |
| Selling, General and Administrative Expenses | 2,166,619.00 | 2,207,636.00 | 2,187,618.00 | 2,105,951.00 |
| Other Operating Expenses | 692,576.00 | -511,030.00 | -36,271.00 | -519,731.00 |
| Operating Income | 6,344,045.00 | 9,888,851.00 | 16,599,707.00 | 20,019,881.00 |
| Net Non-Operating Income | 0 | 253,002.00 | 0 | 1,391,280.00 |
| EBT | 5,463,715.00 | 9,346,605.00 | 15,859,027.00 | 20,272,568.00 |
| Income Tax | 864,653.00 | 1,809,622.00 | 4,379,475.00 | 4,713,630.00 |
| Net Income Including Non-Controlling Interests | 4,599,062.00 | 7,536,983.00 | 11,479,552.00 | 15,558,938.00 |
| Net Income Non-Controlling Interests | -32,745.00 | -35,418.00 | -54,040.00 | -64,827.00 |
| Net Income | 4,566,317.00 | 7,501,565.00 | 11,425,512.00 | 15,494,111.00 |
| EBIT | 6,260,648.00 | 10,186,674.00 | 16,823,634.00 | 21,332,409.00 |
| Deprecation and Amortization | 3,126,247.00 | 3,047,212.00 | 2,866,699.00 | 2,658,561.00 |
| EBITDA | 9,386,895.00 | 13,233,886.00 | 19,690,333.00 | 23,990,970.00 |
| EPS | 0.00 | 0.00 | 0.01 | 0.01 |
| Diluted EPS | 0.00 | 0.00 | 0.01 | 0.01 |
| Average Shares Outstanding Basic | 2,041,293.48 | 2,099,426.89 | 2,129,718.79 | 2,149,241.03 |
| Average Shares Outstanding Diluted | 2,041,293.48 | 2,099,426.89 | 2,139,090.32 | 2,149,241.03 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 11,381,243.00 | 11,138,710.00 | 11,150,338.00 | 12,516,933.00 |
| Operating Net Income | 4,599,062.00 | 7,536,983.00 | 11,479,552.00 | 15,558,938.00 |
| Deprecation and Amortization | 3,126,247.00 | 3,047,212.00 | 2,866,699.00 | 2,658,561.00 |
| Deferred Income Tax | 974,098.00 | 871,649.00 | 4,674,496.00 | 3,657,189.00 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | 1,373,744.00 | 114,228.00 | -4,626,582.00 | -6,879,836.00 |
| Other Operating Activities | 1,308,092.00 | -431,362.00 | -3,243,827.00 | -2,477,919.00 |
| Investing Cash Flow | -5,034,350.00 | -5,772,841.00 | -4,459,684.00 | -2,996,103.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -4,218,684.00 | -5,168,467.00 | -4,243,551.00 | -2,943,388.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | -647,630.00 | -477,179.00 | -26,751.00 | 113,595.00 |
| Other Investing Activities | -168,036.00 | -127,195.00 | -189,382.00 | -166,310.00 |
| Financing Cash Flow | -2,687,204.00 | -4,125,428.00 | -8,256,287.00 | -9,982,642.00 |
| Net Issuance/Repayment of Debt | 163,936.00 | -1,442,100.00 | -1,245,320.00 | -4,643,216.00 |
| Net Issuance/Repurchase of Equity | -1,194,726.00 | 0 | -1,073,124.00 | 0 |
| Dividends Paid | -1,656,414.00 | -2,683,328.00 | -5,891,690.00 | -5,339,426.00 |
| Other Financing Activities | 0.00 | 0.00 | -46,153.00 | 0.00 |
| Net Change in Cash | 3,659,689.00 | 1,240,441.00 | -1,565,633.00 | -461,812.00 |
| Cash at Beginning of Period | 3,005,645.00 | 2,475,863.00 | 4,160,654.00 | 4,617,204.00 |
| Cash at End of Period | 7,767,813.00 | 3,005,645.00 | 2,475,863.00 | 4,160,654.00 |
| Free Cash Flow | 5,434,826.00 | 5,802,387.00 | 6,669,083.00 | 9,324,600.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 87,255,733.00 | 86,854,070.00 | 85,576,170.00 | 86,814,493.00 | 81,851,317.00 |
| Current Assets | 33,400,217.00 | 33,306,852.00 | 32,193,864.00 | 32,669,423.00 | 32,817,966.00 |
| Cash and Short-Term Investments | 9,873,582.00 | 8,973,850.00 | 6,869,879.00 | 8,276,843.00 | 8,831,682.00 |
| Cash and Cash Equivalents | 9,389,572.00 | 8,500,933.00 | 6,479,544.00 | 7,767,813.00 | 8,074,104.00 |
| Short-Term Investments | 484,010.00 | 472,917.00 | 390,335.00 | 509,030.00 | 757,578.00 |
| Net Receivables | 7,537,873.00 | 7,581,035.00 | 8,198,629.00 | 7,244,600.00 | 7,306,859.00 |
| Inventory | 15,272,440.00 | 16,042,458.00 | 16,558,443.00 | 16,504,911.00 | 15,914,442.00 |
| Other Current Assets | 716,322.00 | 709,509.00 | 566,913.00 | 643,069.00 | 764,983.00 |
| Non-Current Assets | 53,855,516.00 | 53,547,218.00 | 53,382,306.00 | 54,145,070.00 | 49,033,351.00 |
| Property, Plant, Equipment Net | 32,269,558.00 | 32,097,648.00 | 31,437,899.00 | 30,760,008.00 | 27,422,956.00 |
| Goodwill | 11,955,591.00 | 12,260,053.00 | 12,873,421.00 | 13,853,114.00 | 12,132,215.00 |
| Intangible Assets | 711,946.00 | 414,093.00 | 388,147.00 | 400,567.00 | 389,765.00 |
| Long-Term Investments | 4,045,739.00 | 3,956,460.00 | 3,863,770.00 | 4,222,317.00 | 4,197,194.00 |
| Non-Current Deferred Assets | 2,355,678.00 | 2,294,001.00 | 2,310,174.00 | 2,427,648.00 | 2,252,763.00 |
| Other Non-Current Assets | 2,517,004.00 | 2,524,963.00 | 2,508,895.00 | 2,481,416.00 | 2,638,458.00 |
| Liabilities | 32,517,697.00 | 31,729,863.00 | 29,356,720.00 | 28,640,707.00 | 26,335,380.00 |
| Current Liabilities | 12,353,460.00 | 11,521,998.00 | 12,193,027.00 | 10,851,391.00 | 11,026,197.00 |
| Payables and Expenses | 7,005,471.00 | 6,842,597.00 | 7,708,141.00 | 7,394,344.00 | 7,259,776.00 |
| Account Payables | 5,498,073.00 | 5,567,358.00 | 6,433,281.00 | 5,718,104.00 | 5,656,366.00 |
| Current Accrued Liabilities | 919,258.00 | 784,300.00 | 585,815.00 | 918,612.00 | 976,491.00 |
| Short-Term Debt | 3,697,040.00 | 2,963,650.00 | 2,723,699.00 | 1,165,764.00 | 2,235,461.00 |
| Other Current Liabilities | 1,650,949.00 | 1,715,751.00 | 1,761,187.00 | 2,291,283.00 | 1,530,960.00 |
| Non-Current Liabilities | 20,164,237.00 | 20,207,865.00 | 17,163,693.00 | 17,789,316.00 | 15,309,183.00 |
| Long-Term Debt | 16,292,248.00 | 16,555,760.00 | 13,270,369.00 | 13,751,389.00 | 11,592,790.00 |
| Other Non-Current Liabilities | 3,871,989.00 | 3,652,105.00 | 3,893,324.00 | 4,037,927.00 | 3,716,393.00 |
| Equity | 54,738,036.00 | 55,124,207.00 | 56,219,450.00 | 58,173,786.00 | 55,515,937.00 |
| Shareholders Equity | 54,539,163.00 | 54,922,968.00 | 56,017,077.00 | 57,948,759.00 | 55,294,999.00 |
| Capital Stock | 24,273,225.00 | 24,273,225.00 | 24,273,225.00 | 24,273,225.00 | 24,273,225.00 |
| Share Premium | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 22,914,156.00 | 23,143,017.00 | 24,287,700.00 | 24,238,217.00 | 25,089,943.00 |
| Treasury Shares | 549,565.00 | 565,507.00 | 469,345.00 | 734,278.00 | 437,998.00 |
| Accumulated Other Comprehensive Income | 10,806,017.00 | 10,976,903.00 | 10,830,167.00 | 13,076,265.00 | 9,274,499.00 |
| Minority Interest | 198,873.00 | 201,239.00 | 202,373.00 | 225,027.00 | 220,938.00 |
| Debt | 19,989,288.00 | 19,519,410.00 | 15,994,068.00 | 14,917,153.00 | 13,828,251.00 |
| Net Debt | 9,254,335.00 | 9,589,426.00 | 8,026,886.00 | 5,868,671.00 | 4,458,795.00 |
| Common Shares Outstanding | 1,984,941.77 | 1,997,794.54 | 2,029,018.70 | 2,041,293.48 | 2,085,040.39 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 17,983,143.00 | 17,525,750.00 | 17,375,336.00 | 16,822,544.00 | 17,378,032.00 |
| Cost Of Revenue | 15,841,051.00 | 15,495,203.00 | 15,428,783.00 | 14,802,534.00 | 14,801,417.00 |
| Interest Income | 106,216.00 | 76,383.00 | 94,877.00 | 110,201.00 | 89,666.00 |
| Interest Expense | 358,369.00 | 314,436.00 | 258,940.00 | 219,822.00 | 211,610.00 |
| Non-Interest Expense | 512,388.00 | 556,912.00 | 542,870.00 | 586,419.00 | 548,602.00 |
| Gross Profit | 2,142,092.00 | 2,030,547.00 | 1,946,553.00 | 2,020,010.00 | 2,576,615.00 |
| Operating Expenses | 572,137.00 | 569,022.00 | 565,969.00 | 1,103,465.00 | 649,054.00 |
| Selling, General and Administrative Expenses | 512,388.00 | 556,912.00 | 542,870.00 | 586,419.00 | 548,602.00 |
| Other Operating Expenses | 59,749.00 | 12,110.00 | 23,099.00 | 517,046.00 | 100,452.00 |
| Operating Income | 1,569,955.00 | 1,461,525.00 | 1,380,584.00 | 916,545.00 | 1,927,561.00 |
| EBT | 1,435,964.00 | 1,150,598.00 | 1,078,018.00 | 365,687.00 | 1,798,674.00 |
| Income Tax | 346,084.00 | 286,101.00 | 320,214.00 | 42,723.00 | 442,429.00 |
| Net Income Including Non-Controlling Interests | 1,089,880.00 | 864,497.00 | 757,804.00 | 322,964.00 | 1,356,245.00 |
| Net Income Non-Controlling Interests | -10,485.00 | -8,211.00 | -8,311.00 | -6,941.00 | -8,843.00 |
| Net Income | 389,045.00 | 856,286.00 | 749,493.00 | 3,108,315.00 | 462,634.00 |
| EBIT | 1,794,333.00 | 1,465,034.00 | 1,336,958.00 | 585,509.00 | 2,010,284.00 |
| Deprecation and Amortization | 937,554.00 | 936,543.00 | 873,836.00 | 832,866.00 | 796,276.00 |
| EBITDA | 2,731,887.00 | 2,401,577.00 | 2,210,794.00 | 1,418,375.00 | 2,806,560.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 1,992,042.48 | 2,009,987.45 | 2,034,036.39 | 2,041,293.48 | 2,098,810.77 |
| Average Shares Outstanding Diluted | 2,000,267.77 | 2,018,265.66 | 2,045,463.01 | 2,041,293.48 | 2,107,304.93 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 2,925,048.00 | 1,014,472.00 | 900,860.00 | 2,786,653.00 | 5,827,769.00 |
| Operating Net Income | 1,089,880.00 | 864,497.00 | 757,804.00 | 322,964.00 | 1,356,245.00 |
| Deprecation and Amortization | 937,554.00 | 936,543.00 | 873,836.00 | 832,866.00 | 796,276.00 |
| Deferred Income Tax | 375,210.00 | 231,114.00 | 347,831.00 | 131,936.00 | 471,180.00 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 406,761.00 | -419,893.00 | -1,231,232.00 | 762,406.00 | 2,042,612.00 |
| Other Operating Activities | 115,643.00 | -597,789.00 | 152,621.00 | 736,481.00 | 1,161,456.00 |
| Investing Cash Flow | -1,730,046.00 | -1,924,236.00 | -2,380,308.00 | -2,424,126.00 | -1,715,359.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -1,677,706.00 | -1,643,143.00 | -1,824,941.00 | -1,833,163.00 | -1,637,126.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | -2,636.00 | -240,093.00 | -521,979.00 | -546,561.00 | -36,026.00 |
| Other Investing Activities | -49,704.00 | -41,000.00 | -33,388.00 | -44,402.00 | -42,207.00 |
| Financing Cash Flow | -103,292.00 | 3,171,655.00 | 594,411.00 | -1,418,000.00 | -838,185.00 |
| Net Issuance/Repayment of Debt | 358,313.00 | 3,924,034.00 | 1,077,935.00 | 70,299.00 | -236,729.00 |
| Net Issuance/Repurchase of Equity | -213,318.00 | -491,612.00 | -280,892.00 | -844,935.00 | -349,791.00 |
| Dividends Paid | -248,287.00 | -260,767.00 | -202,632.00 | -643,364.00 | -251,665.00 |
| Other Financing Activities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Change in Cash | 1,091,710.00 | 2,261,891.00 | -885,037.00 | -1,055,473.00 | 3,274,225.00 |
| Cash at Beginning of Period | 8,500,933.00 | 6,479,544.00 | 7,767,813.00 | 8,074,104.00 | 4,889,466.00 |
| Cash at End of Period | 9,389,572.00 | 8,500,933.00 | 6,479,544.00 | 7,767,813.00 | 8,074,104.00 |
| Free Cash Flow | 1,161,985.00 | -685,958.00 | -971,248.00 | 875,136.00 | 4,127,948.00 |