![]() While AutoNation sports a Zacks Rank #1 (Strong Buy) at present, Penske Automotive and Costco carry a Zacks Rank #2 (Buy). ![]() Zacks Rank & Stocks to ConsiderĬurrently, Alibaba carries a Zacks Rank #3 (Hold).ĪutoNation AN, Penske Automotive Group PAG and Costco Wholesale COST are some better-ranked stocks in the broader Retail-Wholesale sector. Guidanceįor fiscal 2022, Alibaba expects revenues to grow in the range of 20-23% year over year. Short-term investments totaled $26.6 billion (RMB 171.2 billion) at the end of the fiscal second quarter, down from $27.7 billion (RMB 179.01 billion) at the end of the fiscal first quarter.Īlibaba generated $5.6 billion (RMB 35.8 billion) of cash from operations in the reported quarter compared with $5.2 billion (RMB 33.6 billion) in the previous quarter.īaba’s free cash flow was $3.4 billion (RMB 22.2 billion). Balance Sheet & Cash FlowĪs of Sep 30, 2021, cash and cash equivalents were $42.2 billion (RMB 272.2 billion), down from $45.2 billion (RMB 291.8 billion) as of Jun 30, 2021. However, the operating margin contracted 200 bps to 7%.Īdjusted EBITDA decreased 27% year over year to RMB 34.8 billion ($5.4 billion). Operating income was RMB 15.01 billion ($2.3 billion), up 10% from the year-ago quarter’s level. The figure contracted 300 bps year over year to 5% as a percentage of revenues. General and administrative expenses were RMB 8.9 billion ($1.4 billion), down 3% from the year-ago quarter’s level. As a percentage of total revenues, the figure expanded 300 basis points (bps) year over year to 14%. In the fiscal second quarter, sales and marketing expenses were RMB 28.9 billion ($4.5 billion), up 3% year over year. Innovation Initiatives and Others (1% of total revenues): Revenues from the segment were RMB 1.4 billion ($223 million), up 37% year over year. Others (3% of total revenues): Revenues logged RMB 5.72 billion ($888 million), reflecting a 66% year-over-year rise.Ĭloud Computing (10% of total revenues): The segment generated revenues of RMB 20.01 billion ($3.1 billion), up 33% from the year-ago figure, aided by increasing revenues from customers in the Internet, retail and finance industries.ĭigital Media and Entertainment (4% of total revenues): The segment yielded revenues of RMB 8.1 billion ($1.25 billion), inching up 0.2% on a year-over-year basis. Local consumer services (5% of total revenues): Revenues grossed RMB 9.5 billion ($1.5 billion), up 8% year over year. This upside was led by a spike in the volume of orders recognized from cross-border and international commerce retail businesses. Growth was attributed to a surge in the average revenues derived from paying members on the platform and revenues generated by cross-border-related value-added services.Ĭainiao logistics services (5% of total revenues): The business generated revenues of RMB 9.8 billion ($1.5 billion), up 20% year over year. International commerce wholesale (2% of total revenues): The business generated revenues of RMB 4.7 billion ($732 million), which increased 34% from the prior-year quarter’s level. ![]() The increase was driven by well-performing Lazada and AliExpress. International commerce retail (5% of total revenues): Revenues for the reported quarter were RMB 10.4 billion ($1.6 billion), increasing 33% year over year. The increase in average revenues from paying members on aided revenue growth. However, sluggish growth in physical goods GMV at China retail marketplaces due to weak market conditions in the said country hindered growth of customer management revenues.Ĭhina commerce wholesale (2% of total revenues): The business generated revenues of RMB 4.2 billion ($648 million), up 15% from the year-ago quarter’s figure. Also, positive contribution from Tmall Supermarket and Freshippo benefited the business. Benefits from the Sun Art consolidation were positives. Revenues for the reported quarter totaled RMB 171.2 billion ($26.6 billion), reflecting an increase of 31% on a year-over-year basis.Ĭhina commerce retail (63% of total revenues): The business vertical’s revenues for the reported quarter were RMB 126.83 billion ($19.7 billion), reflecting a year-over-year increase of 33%. ![]() Details of the segments are discussed below.Ĭore Commerce (85% of total revenues): The segment comprises marketplaces operating in the retail and wholesale commerce spaces of China as well as international regions, logistic services and consumer services. Alibaba has four reportable segments, namely Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. ![]()
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