How has been the historical performance of Milestone Furn.?
Milestone Furn. has experienced a significant decline in financial performance, with net sales dropping to zero by March 2024 and operating losses increasing since March 2021. Total assets and liabilities decreased from March 2019 to March 2024, while the book value per share fell from 31.21 to 26.84.
Answer:The historical performance of Milestone Furn. shows a significant decline in net sales and profitability over the years, culminating in zero sales from March 2022 to March 2024. The total operating income decreased from 25.31 crore in March 2018 to 0.00 crore by March 2024. Operating profit margins have also deteriorated, with the company reporting negative operating profits from March 2021 onwards, reaching -0.15 crore in March 2024. Profit before tax and profit after tax followed a similar trend, with losses increasing from -1.25 crore in March 2021 to -0.63 crore in March 2024. The company's total assets decreased from 30.66 crore in March 2019 to 25.54 crore in March 2024, while total liabilities also declined from 30.66 crore to 25.54 crore in the same period. The book value per share has been on a downward trajectory, falling from 31.21 in March 2019 to 26.84 in March 2024.Breakdown:
Milestone Furn.'s financial performance has shown a troubling trend over the years, with net sales dropping from 25.31 crore in March 2018 to zero by March 2024. This decline is mirrored in total operating income, which also fell to zero during the same period. The company has faced increasing operating losses, with operating profit margins turning negative since March 2021, culminating in an operating profit of -0.15 crore in March 2024. Profit before tax and profit after tax have similarly worsened, with losses deepening from -1.25 crore in March 2021 to -0.63 crore in March 2024. On the balance sheet, total assets decreased from 30.66 crore in March 2019 to 25.54 crore in March 2024, while total liabilities followed suit, reflecting a decrease from 30.66 crore to 25.54 crore. The book value per share has also declined, indicating a reduction in shareholder value, from 31.21 in March 2019 to 26.84 in March 2024.
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