CHL's Financial Performance Shows Decline, Stock Given 'Sell' Call by MarketsMOJO

Despite the positive inventory turnover ratio, CHL's financial results for the quarter ending Jun 2024 have not been favorable. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a potential decline in value.

The company's profit before tax has seen a significant decrease of 89.4% compared to the previous four quarters, while the profit after tax has fallen by 239.9%. This is a cause for concern for investors, as it indicates a negative trend in the company's financial performance.

Furthermore, the net sales for the quarter have also decreased by 6.3% compared to the average of the previous four quarters. This suggests a decline in demand for CHL's products or services.

However, the company has shown a positive trend in its inventory turnover ratio, with a record high of 12.75 times in the last five half-yearly periods. This indicates that CHL has been able to sell its inventory at a faster rate.

Investors should keep a close eye on CHL's financial performance in the upcoming quarters to determine if the negative trend continues or if the company is able to turn it around. As of now, the stock call for CHL remains 'Sell' according to MarketsMOJO.