CL Educate's Q3 Financial Results Show Mixed Performance

CL Educate, a leading educational institution in the microcap industry, recently announced its financial results for the quarter ended September 2023. The company's net sales saw a slight decline of -1.09% compared to the previous quarter, while its consolidated net profit also decreased by -1.44%. The operating profit (PBDIT) excluding other income also saw a decline of -24.07%.

Despite these declines, CL Educate has shown positive growth in some areas. Its profit after tax (PAT) for the half-yearly period has grown by 28.93% year on year, indicating a positive trend in the near term. The company's inventory turnover ratio has also been consistently increasing, with the latest half-yearly period showing a ratio of 25.00 times.

However, there are some areas of concern for CL Educate. Its profit before tax (PBT) less other income has fallen by -51.30% year on year, and the company's operating cash flow has also decreased, indicating a decline in cash revenues from business operations. Additionally, the company's non-operating income is high, accounting for 67.25% of its PBT, which may not be a sustainable business model. The non-operating income has also seen a significant increase in the last five quarters.

Overall, CL Educate's financial performance for the quarter ended September 2023 has been flat, with a score of 1 compared to 8 in the previous quarter. Investors are advised to hold their stock, according to MarketsMOJO. While the company has shown some positive growth, there are also areas of concern that need to be addressed for sustained success in the future.