$GENTING (3182.MY)$ see CHATGPT analysis of this stock 1st Q...

### Financial Ratios

1. **Efficiency Ratios**:

- **Cash Conversion Cycle (CCC)**: Worsened by 60.39% to -7.7018, indicating a negative cash conversion cycle, which could be due to faster collection of receivables and/or faster turnover of inventory relative to payables.

- **Receivable Turnover**: Decreased by 11.03% to 2.224, suggesting slower collection of receivables.

- **Inventory Turnover**: Increased by 16.44% to 5.3743, indicating faster movement of inventory.

- **Account Payable Turnover**: Improved by 15.23% to 1.3887, suggesting faster payment to suppliers.

- **Fixed Assets Turnover**: Increased by 25.18% to 0.1233, indicating more efficient use of fixed assets.

- **Total Asset Rate**: Improved by 21.23% to 0.0687, indicating better utilization of total assets.

2. **Profitability Ratios**:

- **Gross Margin**: Improved by 10.40% to 33.47%, indicating higher profitability from core operations.

- **EBIT Margin**: Increased by 39.71% to 25.68%, showing better operating efficiency.

- **Net Margin**: Increased significantly by 370.64% to 7.92%, indicating substantially better overall profitability.

- **EBITDA Margin**: Improved by 19.22% to 39.51%, suggesting improved operational performance before interest, taxes, depreciation, and amortization.

- **Tax Rate**: Decreased by 42.41% to 27.66%, indicating a lower tax burden.

- **Interest Coverage**: Increased by 69.63% to 3.6146, suggesting better ability to cover interest expenses.

3. **Return Ratios**:

- **ROE (Return on Equity)**: Increased significantly by 458.48% to 1.73%, indicating better returns to shareholders.

- **ROA (Return on Assets)**: Increased by 470.34% to 0.54%, indicating improved utilization of assets to generate profit.

- **ROIC (Return on Invested Capital)**: Improved by 94.33% to 1.31%, indicating better returns on invested capital.

4. **Financial Health Ratios**:

- **Long-Term Debt to Equity Ratio**: Decreased by 7.92% to 108.81%, indicating a slight reduction in leverage.

- **Total Assets to Common Equity Ratio**: Slightly decreased by 2.24% to 317.12%, indicating a stable financial structure.

- **Interest-Bearing Liabilities To Asset Ratio**: Decreased by 3.12% to 37.1%, indicating reduced financial risk.

- **Current Ratio**: Decreased by 5.92% to 2.8898, suggesting slightly reduced short-term liquidity.

- **Quick Ratio**: Decreased by 6.20% to 2.6136, indicating slightly lower ability to meet short-term obligations without relying on inventory.

### Growth Ratios

- **Revenue CAGR (3Y)**: Increased significantly by 2709.99% to 32.86%, indicating strong revenue growth over the last three years.

- **Revenue CAGR (5Y)**: Increased by 139.63% to 5.39%, indicating substantial revenue growth over the last five years.

- **Net Income CAGR (5Y)**: Decreased by 7.41%, indicating a decline in net income over the last five years.

- **Dividend CAGR (3Y)**: Decreased by 51.52% to 6.27%, indicating a reduction in dividend growth over the last three years.

- **Dividend CAGR (5Y)**: Decreased by 84.61% to 0.68%, indicating a significant reduction in dividend growth over the last five years.

- **Dividend CAGR (10Y)**: Increased by 51.46% to 12.79%, indicating substantial growth in dividends over the last ten years.

### Overall Analysis

#### Strengths:

- **Profitability**: Significant improvements in gross, EBIT, net, and EBITDA margins indicate much higher profitability and operational efficiency.

- **Return Ratios**: Substantial improvements in ROE, ROA, and ROIC indicate better returns to shareholders and efficient use of assets and capital.

- **Revenue Growth**: Strong growth rates in revenue over the last three and five years.

#### Weaknesses:

- **Receivable Turnover**: Worsened, indicating slower collection of receivables.

- **Dividend Growth**: Significant reductions in dividend growth rates over the last three and five years, indicating less favorable returns to shareholders.

- **Net Income Growth**: Decline in net income growth over the last five years.

- **Liquidity**: Slight decreases in current and quick ratios, indicating slightly reduced short-term liquidity.

### Conclusion

Genting Berhad's performance in Q1 2024 shows mixed results. The company demonstrates strong profitability and revenue growth, suggesting operational improvements and effective cost management. However, there are concerns regarding slower receivable collections, reduced dividend growth, and declining net income over a longer period. While the company is performing well in several key areas, these weaknesses indicate areas that need attention to ensure sustained positive performance.

### Recommendation

- **Focus on Receivable Management**: Improve the collection process to enhance receivable turnover.

- **Evaluate Dividend Policy**: Reassess the dividend strategy to provide better returns to shareholders.

- **Strengthen Liquidity**: Improve short-term liquidity ratios to ensure the company can meet its obligations.

Overall, Genting Berhad is doing reasonably well but should address specific areas to ensure long-term stability and growth.