$KUCINGKO (0315.MY)$ chatgpt analysis of this IPO company " ...
$KUCINGKO(0315.MY$ chatgpt analysis of this IPO company " statement of income for past few years===>### Income Statement Analysis
#### Revenue and Profit:
- **Total Revenue:**
- 2023: MYR 28.16M (+19.90% YoY)
- 2022: MYR 23.49M (+32.87% YoY)
- 2021: MYR 17.68M (+18.45% YoY)
- 2020: MYR 14.92M
#### Costs and Expenses:
- **Cost of Revenue:**
- Generally stable with slight fluctuations.
- **Operating Expenses:**
- Significant increase in selling and administrative expenses in 2023, particularly in general and administrative expenses.
- Depreciation and amortization costs increased slightly in 2023.
#### Profit Margins:
- **Gross Profit:**
- Consistently increasing, indicating strong revenue growth.
- **Operating Profit:**
- Growing but with increasing operating expenses, the margin is becoming tighter.
- **Net Income:**
- 2023: MYR 8.36M (+4.75% YoY)
- 2022: MYR 7.98M (+23.05% YoY)
- 2021: MYR 6.48M (+76.33% YoY)
- 2020: MYR 3.68M
#### Summary:
- **Positive Aspects:**
- Steady revenue growth.
- Increasing gross profit and net income.
- **Concerns:**
- Rising operating expenses, particularly in administrative costs.
- Margins are tightening despite revenue growth.
### Conclusion:
Kucingko's income statements show a company with strong revenue growth and increasing profits, but rising operating expenses could be a concern. Addressing these cost issues while maintaining revenue growth will be crucial for their financial health post-IPO.
part 2 ==> ### Balance Sheet Analysis
#### Assets
- **Current Assets:**
- **Cash and Equivalents:** Significant increase to MYR 8.05M in 2023.
- **Accounts Receivable:** Increased to MYR 2.59M.
- **Inventory:** Substantial rise to MYR 6.88K.
- **Non-Current Assets:**
- **Net PPE:** Grew to MYR 5.73M, reflecting investments in physical assets.
- **Total Assets:** Increased to MYR 25.38M in 2023.
#### Liabilities
- **Current Liabilities:**
- **Current Debt:** Increased to MYR 1.07M.
- **Payables:** Grew to MYR 3.16M.
- **Non-Current Liabilities:**
- **Long-term Debt:** Decreased to MYR 2.46M.
- **Total Liabilities:** Slight decrease to MYR 7.44M.
#### Equity
- **Shareholders' Equity:**
- **Retained Earnings:** Increased to MYR 11.33M.
- **Total Equity:** Grew to MYR 17.94M.
### Summary
- **Positive Aspects:**
- Growth in total assets and retained earnings.
- Increase in shareholders' equity.
- **Concerns:**
- Rising current liabilities, especially current debt and payables.
### Conclusion
Kucingko's balance sheet shows positive asset growth and improved equity, but the increase in liabilities, especially current debt, needs monitoring to ensure financial stability post-IPO.
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