59
Fortune Industries



Company name in Chinese: / Company name in English: Fortune Industries
Headquarters: Indiana, United States of America Country: United States of America
Established: 1988 Website: http://www.ffi.net
Main Business: Human Resource Outsourcing Annual revenue of 2013: 57 million dollars
Stock Exchange: American Stock Exchange Stock Code: FFI
About: Fortune Industries(AMEX:FFI)is a holding company of providers of full service human resources outsourcing services through co-employment relationships with the Company’s clients. The Business Solutions segment is consist of Professional Employer Organizations (PEOs), which provide full-service human resources outsourcing services through co-employment relationships with their clients. Companies operating in the Business Solutions Segment include Professional Staff Management, Inc. and related entities (PSM); CSM, Inc. and related subsidiaries (CSM); Precision Employee Management, LLC (PEM), and Employer Solutions Group, Inc. and related entities (ESG). The Companies in the Business Solutions segment bill their clients under Professional Services Agreements as licensed PEOs. The billing includes amounts for the client’s gross wages, payroll taxes, employee benefits, workers’ compensation insurance and an administration fee.

Major financial data in Fiscal 2013(Unit: $ million)

Operating profit Net profit Pre-tax profit Shareholders' equity
2 -3 / /
Total assets by the end of 2013 Average total assets Current assets Current liabilities
/ 14 / /
Receivable by the end of 2013 Average receivable Total liabilities Interest expense
/ / / /

Major financial ratios in Fiscal 2013:

Indicator Ratio Compared with industry average Indicator Ratio Compared with industry average
Revenue growth rate -6.6% Lower Net profit margin -5.4% Lower
Total turnover ratio 4.0 Higher ROE / /
Accounts receivable turnover ratio 36.8 Higher Debt-asset ratio / /
ROA / / Current ratio / /
Operating margin 3.3% Lower Times Interest Earned / /