CREO Co., Ltd. Reports Strong Financial Performance in Q1 2024
CREO Co., Ltd., a leading packaged software company, has recently announced its financial results for the quarter ending March 2024. The company has shown a flat performance in terms of revenue, but there are several positive indicators that are worth noting.
One of the highlights of the financial report is the company's dividend per share, which has consistently grown in the last five years and is currently at its highest at JPY 4.81. This shows that CREO Co., Ltd. is distributing higher dividends to its shareholders from its profits.
The company's operating profit has also been on an upward trend, with the highest recorded at JPY 430 in the last five periods. This is a positive sign for investors as it indicates that the company's operations are generating higher profits. Additionally, the operating profit margin has also improved, reaching its highest at 11.37% in the last five periods.
Another key indicator is the pre-tax profit, which has also shown a positive trend with the highest recorded at JPY 369 in the last five periods. This shows that the company's profitability is increasing in the near term. The net profit has also seen a significant growth of 68.12% year on year, reaching its highest at JPY 303.2 MM in the last five periods. This is a clear indication of the company's strong financial performance.
In terms of liquidity, CREO Co., Ltd. has shown improvement with its cash and equivalent reaching its highest at JPY 10,866 MM in the last six semi-annual periods. This shows that the company has a strong short-term liquidity position.
Furthermore, the company has been reducing its borrowing as compared to equity capital, with the debt-equity ratio reaching its lowest at -76.54% in the last five semi-annual periods. This indicates that the company is managing its debt well and is in a strong financial position.
Lastly, the company's ability to pass on the cost of raw materials to customers has improved, with a decrease of -1.74% year on year. This may lead to a rise in profit margin, which is a positive sign for investors.
In conclusion, CREO Co., Ltd. has shown a strong financial performance in the quarter ending March 2024, with several positive indicators that reflect the company's growth and profitability. With a 'Strong Buy' stock call from Infinhub, investors can be confident in the company's future prospects.