$NAIM (5073.MY)$ see chatgpt analysis of this stock Q1 2024 ...
$NAIM(5073.MY$ see chatgpt analysis of this stock Q1 2024 Statement of income===>To determine how well NAIM is performing based on its income statement, let's break down the key metrics provided:
### Revenue and Cost Analysis
1. **Total Revenue**:
- **Q1 2024**: MYR 80.91M (+18.07% YoY)
- **FY 2023**: MYR 316.95M (-14.00% YoY)
- **Q4 2023**: MYR 19.09M (-73.93% YoY)
- **Q3 2023**: MYR 142.46M (+23.13% YoY)
Revenue shows an increase in Q1 2024 compared to the same quarter last year, but a decline for the full year 2023 and a significant drop in Q4 2023. This indicates fluctuating sales performance.
2. **Cost of Revenue**:
- **Q1 2024**: MYR 76.97M (+24.86% YoY)
- **FY 2023**: MYR 281.33M (-17.22% YoY)
- **Q4 2023**: MYR 3.04M (-95.37% YoY)
- **Q3 2023**: MYR 136.72M (+22.23% YoY)
The cost of revenue has increased in Q1 2024, suggesting higher costs to produce goods/services, while it decreased significantly for the full year and Q4 2023, possibly due to cost-cutting measures.
3. **Gross Profit**:
- **Q1 2024**: MYR 3.94M (-42.72% YoY)
- **FY 2023**: MYR 35.62M (+24.11% YoY)
- **Q4 2023**: MYR 16.05M (+110.12% YoY)
- **Q3 2023**: MYR 5.74M (+49.17% YoY)
Gross profit decreased in Q1 2024, despite revenue growth, indicating potential issues with cost management. However, it improved significantly in FY 2023 and Q4 2023.
### Operating Expenses
1. **Operating Expense**:
- **Q1 2024**: MYR 11M (+40.13% YoY)
- **FY 2023**: MYR 35.05M (-5.06% YoY)
- **Q4 2023**: MYR 9.84M (-32.72% YoY)
- **Q3 2023**: MYR 8.05M (+15.94% YoY)
Operating expenses increased significantly in Q1 2024, which could be a concern if the trend continues.
2. **Selling and Administrative Expenses**:
- **Q1 2024**: MYR 6.73M (+23.30% YoY)
- **FY 2023**: MYR 26.36M (-4.62% YoY)
- **Q4 2023**: MYR 7.04M (-19.17% YoY)
- **Q3 2023**: MYR 7.3M (+16.31% YoY)
These expenses have increased in Q1 2024, aligning with the overall increase in operating expenses.
### Profit Metrics
1. **Operating Profit**:
- **Q1 2024**: MYR -7.06M (-627.73% YoY)
- **FY 2023**: MYR 573K (+106.97% YoY)
- **Q4 2023**: MYR 6.21M (+188.76% YoY)
- **Q3 2023**: MYR -2.31M (+25.35% YoY)
The operating profit for Q1 2024 is significantly negative, indicating operational challenges. However, FY 2023 shows a positive trend.
2. **Net Income**:
- **Q1 2024**: MYR 2.86M (+135.81% YoY)
- **FY 2023**: MYR 35.31M (+40.85% YoY)
- **Q4 2023**: MYR 20.31M (+214.99% YoY)
- **Q3 2023**: MYR 10.42M (+122.12% YoY)
Net income has improved significantly, indicating overall profitability despite operational challenges.
### Earnings Per Share
1. **Basic EPS**:
- **Q1 2024**: MYR 0.006 (+136.81% YoY)
- **FY 2023**: MYR 0.07 (+41.41% YoY)
- **Q4 2023**: MYR 0.0399 (+204.58% YoY)
- **Q3 2023**: MYR 0.0213 (+134.07% YoY)
EPS has improved, indicating better returns for shareholders.
### Summary
- **Positives**:
- Revenue growth in Q1 2024.
- Significant improvement in gross profit for FY 2023 and Q4 2023.
- Substantial increases in net income and EPS.
- **Concerns**:
- Increased operating and administrative expenses in Q1 2024.
- Negative operating profit in Q1 2024.
- Decline in total revenue for FY 2023 and Q4 2023, indicating inconsistent performance.
Overall, NAIM's income statement shows some promising signs of profitability and growth in net income and EPS. However, the increase in operating expenses and the negative operating profit in Q1 2024 are concerns that need addressing. The company appears to be doing okay overall but faces some challenges that need to be managed for sustained performance.
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