Silver Touch Technologies Reports Strong Financial Performance in Q2 2024. Debtors Turnover Ratio at 5-Year High.

Silver Touch Technologies, a microcap IT software company, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Silver Touch has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 24 to 14 in the last three months.

One of the key highlights of the financial report is the growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 51.97% year on year. The net sales for the quarter have also shown a significant growth of 44.64% year on year. Additionally, the Profit Before Tax less Other Income (PBT) has also increased by 38.51% year on year.

Another positive aspect of the financial report is the Debtors Turnover Ratio, which is at its highest in the last five half-yearly periods. This indicates that the company has been able to settle its debtors at a faster rate.

However, the report also highlights a concerning trend in the company's Operating Cash Flow, which has been the lowest in the last three years. This indicates a decline in the company's cash revenues from business operations.

Overall, Silver Touch Technologies has shown a positive financial performance in the recent quarter, with a strong growth in key areas. However, the company needs to address the declining trend in its operating cash flow to maintain a stable financial position.