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Year on year Velocity Composites PLC had net income fall 135.08% from a loss of 1.34m to a larger loss of 3.14m despite a 37.23% increase in revenues from 11.96m to 16.41m. An increase in the cost of goods sold as a percentage of sales from 77.04% to 81.20% was a component in the falling net income despite rising revenues.
Gross margin | 19.72% |
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Net profit margin | -11.83% |
Operating margin | -11.86% |
Return on assets | -20.87% |
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Return on equity | -59.20% |
Return on investment | -36.41% |
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Cash flow in GBPView more
In 2023, Velocity Composites PLC increased its cash reserves by 35.58%, or 834.00k. Cash Flow from Financing totalled 4.79m or 29.18% of revenues. In addition the company used 1.83m for operations while cash used for investing totalled 2.12m.
Cash flow per share | -0.027 |
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Price/Cash flow per share | -- |
Book value per share | 0.1124 |
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Tangible book value per share | 0.0946 |
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Balance sheet in GBPView more
Current ratio | 1.75 |
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Quick ratio | 1.28 |
Total debt/total equity | 0.505 |
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Total debt/total capital | 0.3355 |
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