Bansal Roofing's Q1 2024 Financials Show Decrease in Profitability and Inventory Turnover
Bansal Roofing's operating profit margin for the quarter Mar 2024 has decreased by 1.24% compared to the same quarter last year, indicating a decline in profitability. The company's low debt to equity ratio is a positive sign, but it has increased from the previous quarter. Inventory turnover ratio has also decreased, suggesting a slower rate of inventory turnover. MarketsMojo has given a 'Sell' call for the company's stock due to these concerning trends. Investors should monitor the company's financial performance in the upcoming quarters.
Operating Profit Margin - Quarterly: At 7.05% has decreased by -1.24% compared to the same quarter last year. This indicates a decrease in profitability for the company.Debt to Equity Ratio: At 0.06, the company has a low debt to equity ratio which is a positive sign. However, it has increased from the previous quarter which could be a cause for concern.
Inventory Turnover Ratio: At 3.28, the company's inventory turnover ratio has decreased from the previous quarter, indicating a slower rate of inventory turnover.
Overall, Bansal Roofing's financial performance for the quarter Mar 2024 has been flat with some concerning trends in key areas. This has led to a 'Sell' call by MarketsMOJO for the company's stock. Investors should keep a close eye on the company's financials in the upcoming quarters to see if there is any improvement in their performance.
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