MindChamps Preschool Ltd (SGX: CNE) has the pole position in acceding of bazaar allotment for exceptional ambit preschools in Singapore. For investors who are attractive to advance in MindChamps, it is capital for them to apperceive how the aggregation brings in the revenue. Buying shares in the aggregation after such ability is actuality absurd (with a baby “f”).
With that, let’s attending at the acquirement addition of anniversary of MindChamps’ business segments for 2017:
Source: MindChamps 2017 anniversary report
The Apprenticeship Business articulation is area MindChamps houses its company-owned and company-operated (COCO) centres that accommodate exceptional adolescent care, education, and learning-related casework for preschool children. In 2017, this articulation accounted for 62.7% of MindChamps’s absolute acquirement of S$22.8 million.
Under the Authorization & Corporate segment, MindChamps annal revenues from the franchising of adolescent affliction casework and accessory classes, and the accouterment of authoritative abutment casework to its franchisee-owned and franchisee-operated (FOFO) centres.
MindChamps has two capital types of authorization agreements. The aboriginal is a assemblage authorization agreement, area a franchisee purchases one-unit authorization licence to accomplish one FOFO centre. The additional is a adept authorization agreement, beneath which a adept franchisee purchases the appropriate to on-sell and/or accomplish an agreed cardinal of units of authorization licences.
At the end of 2017, MindChamps had a absolute of 59 COCO and FOFO centres.
Last but not the least, the Others articulation offers college apprenticeship programmes through bartering schools, and business and administration consulting services. The articulation brought in aloof S$19,000 in acquirement in 2016, and no acquirement in 2017.
It’s important to agenda that 87%, or S$19.8 million, of MindChamps’ absolute acquirement in 2017 is classified as alternating in nature. The company’s alternating acquirement consists of academy fees, ability fees, and academy accident income, amid others.
Now that we apperceive the basics of MindChamps’ acquirement streams, we can again burrow into added aspects of the company, such as its profitability, the backbone of its antithesis sheet, its cash-generating abilities, and so on afore chief whether to advance in its shares.
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