Sales Growth PA RESOURCES Inventory Analysis
According to the latest financial report, PA Resources Berhad's inventory data is as follows:
Third quarter 2024 (as of March 31, 2024)
- **Inventories (Inventories) **: RM 46,931,000,00
Second quarter 2024 (as of December 31, 2023)
- **Inventories (Inventories) **: RM57,516,000,00
Sales growth analysis
1. **Sales Increase**:
- Total revenue for the third quarter of 2024 was RM417,847,000,00
Third quarter 2024 (as of March 31, 2024)
- **Inventories (Inventories) **: RM 46,931,000,00
Second quarter 2024 (as of December 31, 2023)
- **Inventories (Inventories) **: RM57,516,000,00
Sales growth analysis
1. **Sales Increase**:
- Total revenue for the third quarter of 2024 was RM417,847,000,00
Compared with RM356,989,000,00 in the same period in 2023, it increased by RM60,858,000,00
- **Extrusion and Fabrication (Extrusion and Fabrication) ** division's revenue increased from RM317,159,000,00 in 2023 to RM476,443,000,00 in 2024, which increased RM159,284,000,00
2. **Key Growth Factors**:
- The main revenue growth was due to higher customer orders and increased export sales. In particular, export sales increased by RM14,000,00 during the reporting period
- The renewal of the supply contract with First Solar also brought the company a steady stream of revenue, with a total contract value of USD231,900,000 (approximately RM1,076,000,00), which contributed to sales growth to a certain extent
### Conclusions
1. **Inventory Reduction**:
- Inventory decreased by RM10,585,000,00 from December 31, 2023 to March 31, 2024. This indicates that the company sold a large amount of inventory during this period to meet increased customer orders.
2. **Sales Growth**:
- The company's overall revenue and revenue from key business divisions increased significantly, mainly due to increased customer orders and export sales.
3. **Financial health**:
- Despite reduced inventory, the company's cash flow and current assets are in good condition, which indicates that the company has made significant progress in improving production and sales efficiency.
PA Resources Berhad's sales increased significantly in the first quarter of 2024, and the reduction in inventory was mainly due to sales growth rather than inventory management optimization.
- **Extrusion and Fabrication (Extrusion and Fabrication) ** division's revenue increased from RM317,159,000,00 in 2023 to RM476,443,000,00 in 2024, which increased RM159,284,000,00
2. **Key Growth Factors**:
- The main revenue growth was due to higher customer orders and increased export sales. In particular, export sales increased by RM14,000,00 during the reporting period
- The renewal of the supply contract with First Solar also brought the company a steady stream of revenue, with a total contract value of USD231,900,000 (approximately RM1,076,000,00), which contributed to sales growth to a certain extent
### Conclusions
1. **Inventory Reduction**:
- Inventory decreased by RM10,585,000,00 from December 31, 2023 to March 31, 2024. This indicates that the company sold a large amount of inventory during this period to meet increased customer orders.
2. **Sales Growth**:
- The company's overall revenue and revenue from key business divisions increased significantly, mainly due to increased customer orders and export sales.
3. **Financial health**:
- Despite reduced inventory, the company's cash flow and current assets are in good condition, which indicates that the company has made significant progress in improving production and sales efficiency.
PA Resources Berhad's sales increased significantly in the first quarter of 2024, and the reduction in inventory was mainly due to sales growth rather than inventory management optimization.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
