DAVIS COMMODITIES Ltd (DTCKF)
Davis Commodities Ltd. engages in the distribution and sales of sugar, rice, and fat products. It distributes agricultural commodities to various markets, including Asia, Africa, and the Middle East regions. It operates through the following segments: Sale of Sugar, Sale of Rice, Sale of Oil and Fat Products, and Sale of Others. The company was founded on September 11, 1999 and is headquartered in Singapore.
Sector: Wholesale-Farm Product Raw Materials
Industry: Agricultural Farm Products
Davis Commodities Ltd.
OTC:DTCKFConsumer Defensive · Agricultural Farm Products
Mkt Cap-
Float279K
O/S-
Inst Own-
SI1.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$184.22M
Net Income-$5.04M
Total Assets$21.35M
Free Cash Flow-$1.03M
Debt & Equity
Debt 39%
Equity 61%
Total Debt$1.66M
Total Equity$2.56M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in DTCKF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$21.35M
Liabilities$18.8M
Accounts Receivable$16.73M
Accounts Payable$11.72M
Inventory$189K
PP&E (Net)$303K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $184.22M | $132.37M | $190.72M | $206.72M | $194.24M | $131.63M |
| YoY Growth | 39.2% | -30.6% | -7.7% | 6.4% | 47.6% | - |
| Cost of Revenue | $181.35M | $130.04M | $136.76M | $193.84M | $181.99M | $125.77M |
| Gross Profit | $2.87M | $2.33M | $5.23M | $12.88M | $12.24M | $5.86M |
| Gross Margin | 1.6% | 1.8% | 2.7% | 6.2% | 6.3% | 4.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $8.07M | $6.03M | $5.88M | $7.59M | $7.27M | $5.93M |
| Other | $0 | $0 | -$1.5M | $0 | $0 | $0 |
| Total Operating Expenses | $8.07M | $6.03M | $4.38M | $7.59M | $7.27M | $5.93M |
| Operating Income (EBIT) | -$5.2M | -$3.7M | $854K | $5.28M | $4.98M | -$75K |
| Operating Margin | -2.8% | -2.8% | 0.4% | 2.6% | 2.6% | -0.1% |
| Interest Expense | $442K | $133K | $110K | $33K | $48K | $56K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $165K | $349K | $381K | $252K | $623K | $563K |
| Income Before Tax (EBT) | -$5.04M | -$3.35M | $1.24M | $5.54M | $5.6M | $488K |
| Income Tax Expense | $0 | $178K | $149K | $920K | $901K | $32K |
| Net Income | -$5.04M | -$3.53M | $1.09M | $4.62M | $4.7M | $456K |
| Net Income Margin | -2.7% | -2.7% | 0.6% | 2.2% | 2.4% | 0.3% |
| Supplementary Data | ||||||
| EPS | -1643.81 | -1120.00 | 354.40 | 1120.00 | 1120.00 | 108.80 |
| Diluted EPS | -1643.81 | -1120.00 | 354.40 | 1120.00 | 1120.00 | 108.80 |
| Weighted Average OS | 3,063 | 3,063 | 3,063 | 3,042 | 3,042 | 3,042 |
| EBITDA | -$4.54M | -$3.12M | $1.41M | $5.63M | $5.7M | $594K |
| EBITDA Margin | -2.5% | -2.4% | 0.7% | 2.7% | 2.9% | 0.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $1.4M | $678K | $1.33M | $2.54M | $7.09M | $5.86M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.4M | $678K | $1.33M | $2.54M | $7.09M | $5.86M |
| Accounts Receivable | $16.73M | $8.07M | $15.37M | $4.66M | $15.2M | $5.22M |
| Inventory | $189K | $319K | $537K | $2.18M | $95K | $397K |
| Other Current Assets | $327K | $66K | $25K | $5.05M | $1.54M | $496K |
| Total Current Assets | $20.83M | $12.21M | $23.27M | $17.5M | $24.22M | $12.16M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $303K | $371K | $200K | $163K | $198K | $234K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $5.35M | $4.81M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $221K | $1.75M | $1.6M | $236K | $245K | $252K |
| Total Long-Term Assets | $524K | $7.48M | $6.61M | $399K | $443K | $486K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $21.35M | $19.69M | $29.88M | $17.9M | $24.66M | $12.65M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $11.72M | $9.13M | $14.32M | $5.1M | $15.34M | $5.54M |
| Short-Term Debt | $1.58M | $219K | $207K | $157K | $47K | $2.04M |
| Current Income Tax Payable | $26K | $40K | $541K | $1.36M | $939K | $29K |
| Current Unearned Revenue | $1.3M | $323K | $1.87M | $3.85M | $1.51M | $1.82M |
| Other Current Liabilities | $762K | $218K | $204K | $422K | $6K | $403K |
| Total Current Liabilities | $17.65M | $11.69M | $19.16M | $11.36M | $22.38M | $10.18M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $3K | $103K | $323K | $528K | $209K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $1K | $1K | $1K |
| Other Long-Term Liabilities | $1.1M | $1.1M | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.15M | $1.27M | $462K | $529K | $210K | $39K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $18.8M | $12.96M | $19.62M | $11.89M | $22.59M | $10.22M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$2.58M | $2.45M | $5.98M | $4.89M | $952K | $986K |
| Comprehensive Income & Other | $1.12M | $1.12M | $1.13M | $1.12M | $7K | $10K |
| Other Stockholders' Equity | $5.14M | $4.28M | $4.28M | $1.12M | $1.12M | $1.44M |
| Total Equity | $2.56M | $6.73M | $10.26M | $6.01M | $2.07M | $2.43M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $21.35M | $19.69M | $29.88M | $17.9M | $24.66M | $12.65M |
| Supplementary Data | ||||||
| Total Debt | $1.66M | $460K | $734K | $685K | $294K | $2.12M |
| Net Debt | $260K | -$218K | -$596K | -$1.85M | -$6.79M | -$3.74M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$5.04M | -$3.53M | $1.09M | $4.62M | $4.7M | $456K |
| Depreciation & Amortization | $56K | $96K | $62K | $58K | $40K | $50K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $871K | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$2.31M | $9.4M | -$8.05M | $4.57M | -$11.22M | $568K |
| Inventory | $129K | $218K | $1.21M | -$2.08M | $241K | -$224K |
| Accounts Payable | $3.22M | -$6.22M | $6.14M | -$8.73M | $10.43M | $1.9M |
| Other Working Capital | -$319K | -$756K | $814K | -$570K | -$599K | -$166K |
| Total Working Capital Change | $717K | $2.64M | $121K | -$6.81M | -$1.15M | $2.08M |
| Other Non-Cash Items | $2.36M | $17K | $540K | $195K | -$380K | $360K |
| Net Cash from Operating | -$1.03M | -$777K | $1.81M | -$1.95M | $3.21M | $2.94M |
| Investing Activities | ||||||
| Capital Expenditures | -$2K | -$5K | -$296K | -$14K | -$11K | -$3K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $88K | $56K | $53K | $1K |
| Net Cash from Investing | -$2K | -$5K | -$208K | $42K | $42K | -$2K |
| Financing Activities | ||||||
| Debt Repaid | -$1.24M | $237K | $25K | -$391K | $1.82M | -$1.78M |
| Common Stock Issuance | $0 | $0 | $3.15M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | -$2.18M | $0 | $0 |
| Other Financing Activities | $517K | $367K | -$5.94M | -$778K | -$205K | -$104K |
| Net Cash from Financing | $1.75M | $130K | -$2.81M | -$2.64M | -$2.03M | $1.67M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $723K | -$652K | -$1.21M | -$4.55M | $1.23M | $4.61M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$1.03M | -$777K | $1.81M | -$1.95M | $3.21M | $2.94M |
| Capital Expenditure | -$2K | -$5K | -$296K | -$14K | -$11K | -$3K |
| Free Cash Flow | -$1.03M | -$782K | $1.51M | -$1.96M | $3.2M | $2.94M |
| Cash at Beginning | $678K | $1.33M | $2.54M | $7.09M | $5.86M | $1.24M |
| Cash at End | $1.4M | $678K | $1.33M | $2.54M | $7.09M | $5.86M |