$BWYS GROUP BERHAD (0313.MY)$ see Chatgpt analysis fo the IP...
$BWYS GROUP BERHAD(0313.MY$ see Chatgpt analysis fo the IPO company balance sheet for past few years===>To determine if BWYS Group Berhad's financial performance is improving or deteriorating, we'll analyze its balance sheet over the past few years.
### Assets
**Current Assets:**
- **Cash and Cash Equivalents:** Increased significantly by 401.05% to 74.29M MYR in 2023 from 14.83M MYR in 2022. This substantial increase indicates a strong liquidity position.
- **Accounts Receivable:** Increased by 71.32% to 61.93M MYR in 2023 from 36.15M MYR in 2022. Higher accounts receivable may suggest growing sales but also potential challenges in collecting payments.
- **Taxes Receivable:** Increased by 50.18% to 4.63M MYR in 2023 from 3.09M MYR in 2022, indicating a better tax position.
- **Inventory:** Slight increase by 0.56% to 86.71M MYR in 2023 from 86.23M MYR in 2022, showing stable inventory levels.
- **Total Current Assets:** Increased by 52.08% to 227.57M MYR in 2023 from 149.63M MYR in 2022, indicating improved liquidity and short-term asset management.
**Non-Current Assets:**
- **Net PPE (Property, Plant, and Equipment):** Increased by 6.03% to 158.12M MYR in 2023 from 149.12M MYR in 2022, indicating investment in long-term assets.
- **Total Non-Current Assets:** Increased slightly by 6.03% to 158.12M MYR in 2023 from 149.12M MYR in 2022.
**Total Assets:** Increased by 29.10% to 385.69M MYR in 2023 from 298.76M MYR in 2022, showing overall growth in the company's asset base.
### Liabilities
**Current Liabilities:**
- **Current Debt and Capital Lease Obligation:** Increased by 10.08% to 75.17M MYR in 2023 from 68.29M MYR in 2022.
- **Accounts Payable:** Increased by 12.37% to 11.86M MYR in 2023 from 10.55M MYR in 2022.
- **Total Current Liabilities:** Increased by 7.03% to 114.26M MYR in 2023 from 106.76M MYR in 2022, indicating a rise in short-term obligations.
**Non-Current Liabilities:**
- **Long Term Debt and Capital Lease Obligation:** Decreased by 12.47% to 59.47M MYR in 2023 from 67.94M MYR in 2022, indicating a reduction in long-term debt.
- **Total Non-Current Liabilities:** Decreased by 12.94% to 63.84M MYR in 2023 from 73.32M MYR in 2022.
**Total Liabilities:** Slight decrease by 1.10% to 178.1M MYR in 2023 from 180.08M MYR in 2022, indicating a slight reduction in overall liabilities.
### Shareholders' Equity
- **Share Capital:** Increased significantly by 2,410.00% to 200.5M MYR in 2023 from 7.99M MYR in 2022. This massive increase could be due to a significant equity infusion or stock issuance.
- **Retained Earnings:** Recorded at 122.83M MYR in 2023, indicating retained profits.
- **Total Stockholders' Equity:** Increased by 74.91% to 207.59M MYR in 2023 from 118.68M MYR in 2022, indicating a stronger equity base.
### Conclusion
**Positive Indicators:**
- Significant increase in cash and cash equivalents, indicating strong liquidity.
- Overall growth in current and non-current assets, showing expansion.
- Substantial increase in shareholders' equity, indicating increased investor confidence or new equity infusions.
- Reduction in long-term debt, improving financial leverage.
**Negative Indicators:**
- Increase in accounts receivable, which could indicate potential collection issues.
- Increase in current liabilities, indicating higher short-term obligations.
Overall, BWYS Group Berhad appears to be in a relatively strong financial position with improving liquidity, asset growth, and a strengthened equity base, despite some concerns regarding increased accounts receivable and current liabilities. The company's balance sheet indicates that it is doing okay, with positive growth trends and manageable liabilities.
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