Despite a severe setback, Nvidia pulled it off again and delivered a result above guidance. Apart from a strong rebound of the embargoed China business, Nvidia's growth thesis was revealed. Although impressive, the analysts and investor communities largely ignored this. The future looks bright for Nvidia
Yes - my methodology uses the calendar quarter in which the last fiscal month resides.
That means I allocate Nvidia's FQ2-25 (may-june-July 24) to CQ3-24.
While it has an alignment discrepancy, it allows me to compare the entire industry once the bulk (fiscal quarter aligned to Calendar quarter months) has reported.
thanks for the explanation, it does make sense when you compare the entire industry. I am not sure which system is better: to make all companies to use Calendar year or let them freely choose its FYs. I hold some COST and its valuation is now super high (P/E is about 55), and I tried to compare it to BJ Club and got confused. Their FYs are different.
Thanks, Anurag
It is always ok to question - nobody gets everything right.
Just wondering , do you use Calendar year ? Looks your Q3 2024 is Q2 2025 on Nvidia's official report
Yes - my methodology uses the calendar quarter in which the last fiscal month resides.
That means I allocate Nvidia's FQ2-25 (may-june-July 24) to CQ3-24.
While it has an alignment discrepancy, it allows me to compare the entire industry once the bulk (fiscal quarter aligned to Calendar quarter months) has reported.
thanks for the explanation, it does make sense when you compare the entire industry. I am not sure which system is better: to make all companies to use Calendar year or let them freely choose its FYs. I hold some COST and its valuation is now super high (P/E is about 55), and I tried to compare it to BJ Club and got confused. Their FYs are different.
I gave up on right and wrong many years ago. I have a methodology and follow it.
I think it still generate excellent insights
Is the write off period 23 years instead of 4-5 years given the total PPE value is 650B and annual depreciation is 28B?
It is Quarterly depreciation.
Thanks Claus for the work you do!