SPL Industries Reports Negative Financial Results for Q4 2023

SPL Industries, a microcap textile company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financials, SPL Industries has seen a very negative performance in the quarter, with a score of -30, which has improved from -32 in the last three months. However, there are some positive aspects to the company's financials, such as its 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 faster.

On the other hand, there are also some concerning factors in SPL Industries' financials. The company's net sales for the quarter have fallen by -48.55% year on year, and the near term sales trend is also negative. Similarly, the company's Profit Before Tax less Other Income (PBT) has also fallen by -110.07% year on year, and the near term trend is very negative. The same can be said for the company's Operating Profit (PBDIT), which has been declining each quarter in the last five quarters.

Other concerning factors include the company's low Operating Profit Margin, which is at its lowest in the last five quarters, and its high Non Operating Income, which is 117.65% of its PBT. This indicates that the company's income from non-business activities is high, which may not be a sustainable business model.

Furthermore, SPL Industries' profitability has also declined, with its Profit After Tax (PAT) being at its lowest in the last five quarters. The company's earnings per share (EPS) have also decreased, creating lower earnings for shareholders. Additionally, the company's cash and cash equivalents have also decreased, indicating a deteriorating short-term liquidity.

Overall, SPL Industries' financial performance for the quarter ending December 2023 has been negative, with some concerning factors that investors should take into consideration.