Creative Eye's Financial Report Shows Mixed Results for Q4 2023

Feb 13 2024 06:35 PM IST
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Creative Eye, a microcap company in the TV broadcasting and software industry, reported a flat performance for the quarter ending December 2023 with a score of -4. However, the company's Debtors Turnover Ratio has been consistently high, indicating efficient debt management. On the other hand, the PBT has decreased significantly and the company's cash reserves have also declined, posing challenges for the near future.

Creative Eye, a microcap company in the TV broadcasting and software industry, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Creative Eye's performance for the quarter has been flat, with a score of -4 compared to 0 in the previous quarter. However, there are some positive aspects to the company's financials. The Debtors Turnover Ratio for the last five half yearly periods has been the highest at 69.67 times, indicating that the company has been able to settle its debtors faster.

On the other hand, there are also some areas of concern for Creative Eye. The Profit Before Tax less Other Income (PBT) for the quarter has fallen to Rs -0.93 crore, a decrease of 365.71% compared to the same period last year. This trend is expected to continue in the near term. Additionally, the company's Cash and Cash Equivalents for the last six half yearly periods have been the lowest at Rs 9.76 crore, indicating a deterioration in short term liquidity.

Despite these challenges, Creative Eye remains a prominent player in the TV broadcasting and software industry. Investors and stakeholders will be closely monitoring the company's performance in the coming quarters to see if it can turn things around.
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