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Year on year Converge Technology Solutions Corp had net income fall from a gain of 27.28m to a loss of 1.45m despite a 24.97% increase in revenues from 2.16bn to 2.71bn. An increase in the selling, general and administrative costs as a percentage of sales from 19.37% to 20.14% was a component in the falling net income despite rising revenues.
Gross margin | 27.10% |
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Net profit margin | -6.52% |
Operating margin | -5.38% |
Return on assets | -8.00% |
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Return on equity | -34.44% |
Return on investment | -18.06% |
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Cash flow in CADView more
In 2023, Converge Technology Solutions Corp increased its cash reserves by 6.24%, or 9.98m. The company earned 229.54m from its operations for a Cash Flow Margin of 8.49%. In addition the company used 103.93m on investing activities and also paid 113.85m in financing cash flows.
Cash flow per share | -0.2916 |
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Price/Cash flow per share | -- |
Book value per share | 1.86 |
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Tangible book value per share | -1.54 |
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Balance sheet in CADView more
Current ratio | 0.8238 |
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Quick ratio | 0.7681 |
Total debt/total equity | 0.9869 |
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Total debt/total capital | 0.4967 |
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