Astral's Revenue and Profit Growth Show Positive Trend, Debt to Equity Ratio at Lowest
Astral's quarterly revenue and profit have shown a positive growth of 12.55% and 14.67% respectively, compared to the same quarter last year. The company's low debt to equity ratio of 0.01 and high return on equity of 25.45% indicate a strong financial position. However, a decrease in net profit margin and inventory turnover ratio may raise concerns. MarketsMojo suggests a 'Hold' call for Astral's stock.
Revenue Growth - Quarterly: Increased by 12.55% compared to the same quarter last year. This shows a steady growth in the company's revenue.Profit Growth - Quarterly: Increased by 14.67% compared to the same quarter last year. This indicates a positive trend in the company's profitability.Debt to Equity Ratio: Lowest at 0.01, indicating a strong financial position and low risk for investors.
Return on Equity: Highest at 25.45%, showing efficient use of shareholders' funds to generate profits.
However, there are some areas of concern for Astral as well. The company's Net Profit Margin has decreased by 1.18% compared to the same quarter last year, which could be a cause for worry. Additionally, the company's inventory turnover ratio has decreased, indicating a slower rate of sales.
Overall, MarketsMOJO has given a 'Hold' call for Astral's stock, suggesting that investors should hold on to their current positions. With a strong financial position and steady revenue and profit growth, Astral is a solid player in the plastic products industry. However, investors should keep an eye on the company's net profit margin and inventory turnover ratio for any potential changes in the future.
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