OnMobile Global's Q3 financials show mixed results, with some areas of concern

OnMobile Global, a smallcap IT software company, has recently declared its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, OnMobile Global has seen a flat performance in the quarter, with a score of -5 compared to 20 in the previous quarter. However, there are some positive aspects to the company's financials. The Debtors Turnover Ratio for the half-yearly period is the highest it has been in the last five half-yearly periods, at 5.01 times. This shows that the company has been able to settle its debtors faster.

On the other hand, there are some areas of concern in the financials. The Profit Before Tax less Other Income (PBT) for the quarter has fallen by -240.8% compared to the average PBT of the previous four quarters. The Profit After Tax (PAT) has also fallen by -139.8% compared to the average PAT of the previous four quarters. The Net Sales for the quarter are at their lowest in the last five quarters, and the Operating Profit (PBDIT) is also at its lowest. The Operating Profit Margin is also at its lowest, indicating a decline in the company's efficiency.

Furthermore, the company's Non-Operating Income is 862.75% of the Profit Before Tax, which suggests that the company's income from non-business activities is high and may not be sustainable in the long run. The Earnings per Share (EPS) for the quarter are also at their lowest, indicating a decline in profitability and lower earnings for shareholders.

Overall, OnMobile Global's financial performance for the quarter ending December 2023 has been flat, with some positive and negative aspects. Investors are advised to hold their position in the company's stock and keep an eye on its future financial results.