OnMobile Global's Financial Results Show Decline in Performance, Investors Advised to Take Note
OnMobile Global, a microcap IT software company, has recently declared its financial results for the quarter ending March 2024. The stock call by MarketsMOJO for the company is 'Sell'.
According to the financial report, OnMobile Global has seen a very negative performance in the quarter, with a score of -20 compared to -8 in the previous quarter. This decline in score can be attributed to various factors.
One of the major concerns for the company is the significant decrease in Profit Before Tax (PBT) and Profit After Tax (PAT) in the quarter. PBT has fallen by 735.6% compared to the average of the previous four quarters, while PAT has fallen by 400.7%. This trend is expected to continue in the near term.
The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters. This is further supported by the fact that the interest cost has increased by 31.60% in the previous half-year period.
Moreover, the company's operating profit has also taken a hit, with the lowest PBDIT (Profit Before Depreciation, Interest, and Taxes) in the last five quarters. The operating profit margin has also decreased, indicating a decline in efficiency.
In addition, the company's earnings per share (EPS) have also decreased significantly, creating lower earnings for shareholders. The cash and cash equivalents have also decreased, indicating a deteriorating short-term liquidity situation.
Furthermore, the debt-equity ratio has reached its highest in the last five half-yearly periods, indicating that the company is borrowing more to fund its operations. This may lead to a stressed liquidity situation in the future.
Overall, the financial results for the quarter ending March 2024 for OnMobile Global have been concerning, with various factors contributing to the decline in performance. Investors are advised to take note of these factors and make informed decisions regarding their investments in the company.
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