$JPG (5323.MY)$ see Chatgpt evaluation of JPG provided finan...
$JPG(5323.MY$ see Chatgpt evaluation of JPG provided financial info in their prospectus 2023 n give good rating to this company with some reservation ===>Based on the provided prospectus for JPG, here are the key financial data points extracted:
### Balance Sheet (as of December 31, 2023)
- **Total Assets**: RM 4,582,399 thousand
- **Non-Current Assets**: RM 4,224,382 thousand
- **Current Assets**: RM 358,017 thousand
- **Total Liabilities**: RM 1,246,304 thousand (non-current borrowings) + RM 135,682 thousand (current trade and other payables)
- **Equity**: RM 1,882,828 thousand (share capital) + RM 1,355,281 thousand (retained earnings)
### Income Statement (for the year ended December 31)
- **Revenue**: RM 1,253,445 thousand
- **Cost of Sales**: RM 890,392 thousand
- **Gross Profit**: RM 363,053 thousand
- **Other Income**: RM 15,019 thousand
- **Administrative Expenses**: RM 99,127 thousand
- **Other Operating Expenses**: RM 4,216 thousand
- **Operating Profit**: RM 274,729 thousand (calculated as Gross Profit + Other Income - Administrative Expenses - Other Operating Expenses)
### Cash Flow Statement (for the year ended December 31)
- **Cash and Cash Equivalents**: RM 140,688 thousand (pro forma I), RM 350,415 thousand (pro forma III after public issue and repayments)
### Evaluation of Financial Health
To determine if JPG is doing well or poorly, we can consider the following aspects:
1. **Profitability**: JPG shows a gross profit of RM 363,053 thousand and an operating profit of RM 274,729 thousand. These figures indicate that the company is generating a substantial profit from its operations.
2. **Revenue Trend**: The revenue for 2023 was RM 1,253,445 thousand, which is lower compared to RM 1,751,645 thousand in 2022. This indicates a decline in sales.
3. **Cost Management**: The cost of sales decreased from RM 981,698 thousand in 2022 to RM 890,392 thousand in 2023, which is a positive sign of cost control. However, administrative expenses remain relatively high.
4. **Cash Position**: After the public issue and repayment of borrowings, JPG’s cash and cash equivalents stand at RM 350,415 thousand, showing a strong liquidity position.
5. **Debt Levels**: The company's total non-current borrowings are RM 1,246,304 thousand. After the public issue, a portion of the borrowings has been repaid, improving the debt situation.
6. **Equity**: With total equity of RM 3,238,109 thousand, JPG maintains a solid equity base, indicating strong shareholder support and retained earnings.
### Conclusion
JPG appears to be financially stable with strong profitability, adequate liquidity, and manageable debt levels. However, the decline in revenue is a concern and needs to be addressed to ensure sustained growth. Overall, JPG seems to be doing well but should focus on reversing the revenue decline to maintain its financial health.
These conclusions are based on the extracted financial data from the provided prospectus .
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