Competent Automobiles Company Reports Negative Financial Performance in Q2 2024

Nov 14 2024 05:10 PM IST
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Competent Automobiles Company, a microcap trading company, has reported a negative financial performance in the second quarter of fiscal year 2024-2025. The company's score has fallen from -5 to -11, with a decrease in Profit Before Tax and Profit After Tax. Operating Profit to Interest ratio and Net Sales have also declined, leading to a 'Sell' call by MarketsMojo.

Competent Automobiles Company, a microcap trading company, has recently declared its financial results for the quarter ending September 2024. According to the data released on November 12, 2024, the company has seen a negative financial performance in the second quarter of the fiscal year 2024-2025.

The company's score has fallen from -5 to -11 in the last three months, indicating a decline in its overall financial health. The Profit Before Tax (PBT) less Other Income has also decreased by 27.56% year on year, with a negative trend in the near term. Similarly, the Profit After Tax (PAT) has fallen by 22.1% year on year, with a negative trend in the near term.

The company's Operating Profit to Interest ratio has also reached its lowest point in the last five quarters, indicating a deteriorating ability to manage interest payments. Additionally, the Net Sales for the quarter have also decreased to its lowest point in the last five quarters, with a negative trend in the near term.

The company's Earnings per Share (EPS) for the quarter have also declined to its lowest point in the last five quarters, indicating a decrease in profitability and lower earnings for shareholders. Based on these financial results, MarketsMOJO has given a 'Sell' call for Competent Automobiles Company's stock.
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