Xelpmoc Design's Q1 2024 Financial Results: A Mix of Positive and Negative Factors

Aug 13 2024 11:48 AM IST
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Xelpmoc Design and Tech, a microcap company in the miscellaneous industry, reported its financial results for the quarter ending March 2024. Despite a flat performance, the company's overall score has improved, with its Debtors Turnover Ratio being the highest in the last five half-yearly periods. However, its Cash and Cash Equivalents have decreased, indicating a decline in short-term liquidity. Investors should carefully evaluate these factors before making any investment decisions.

Xelpmoc Design and Tech, a microcap company in the miscellaneous industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 12, 2024, have received a 'Strong Sell' rating from MarketsMOJO.

Despite a flat performance in the quarter, Xelpmoc Design has shown improvement in its overall score, moving from -10 to -1 in the last three months. This is a positive sign for the company, indicating potential for growth in the future.

One of the key factors contributing to this improvement is the company's Debtors Turnover Ratio, which has been the highest in the last five half-yearly periods at 5.98 times. This shows that Xelpmoc Design has been able to settle its debtors at a faster rate, improving its financial position.

However, the company's Cash and Cash Equivalents have been at their lowest in the last six half-yearly periods, at Rs 0.62 crore. This indicates a deterioration in short-term liquidity for Xelpmoc Design.

Overall, Xelpmoc Design's financial results for the quarter ending March 2024 have been a mix of positive and negative factors. Investors should carefully consider these factors before making any investment decisions.
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