Competent Automobiles Upgraded to Average Quality Amidst Mixed Financial Performance

Competent Automobiles Company has recently undergone an adjustment in evaluation, reflecting a change in its quality grade from below average to average. This revision comes amidst a backdrop of various financial metrics that provide insight into the company's performance.
Over the past five years, Competent Automobiles has experienced a sales growth rate of 15.47% and an EBIT growth rate of 19.31%. The company's EBIT to interest ratio stands at 2.59, indicating its ability to cover interest expenses. Additionally, the debt to EBITDA ratio is recorded at 4.79, while the net debt to equity ratio is relatively low at 0.45, suggesting a manageable level of debt.

The company's sales to capital employed ratio is 2.81, and it maintains a tax ratio of 28.17%. The dividend payout ratio is modest at 2.28%, with no pledged shares reported. Institutional holding is at 2.92%, and the average return on capital employed (ROCE) is 7.65%, alongside a return on equity (ROE) of 7.06%.

Despite these metrics, Competent Automobiles has faced challenges in recent quarters, with a notable decline in operating profit and negative results reported over the last four consecutive quarters.

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