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Year on year Red Metal Ltd had net income fall 170.52% from a loss of 2.29m to a larger loss of 6.21m despite a 8.64% increase in revenues from 2.46m to 2.67m. An increase in the selling, general and administrative costs as a percentage of sales from 56.55% to 110.80% was a component in the falling net income despite rising revenues.
| Gross margin | -- |
|---|---|
| Net profit margin | -550.67% |
| Operating margin | -563.92% |
| Return on assets | -94.49% |
|---|---|
| Return on equity | -103.35% |
| Return on investment | -159.40% |
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Cash flow in AUDView more
In 2023, cash reserves at Red Metal Ltd fell by 8.27m. Cash Flow from Financing was negative, which signals that this company did not need to attract significant financing from outside sources. In addition the company used 562.70k for operations while cash used for investing totalled 7.64m.
| Cash flow per share | -0.0393 |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 0.0175 |
|---|---|
| Tangible book value per share | 0.0175 |
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Balance sheet in AUDView more
| Current ratio | 6.96 |
|---|---|
| Quick ratio | -- |
| Total debt/total equity | 0.0965 |
|---|---|
| Total debt/total capital | 0.0751 |
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