UXIN LIMITED Reports Fourth Quarter Earnings Results for FY2023 Ending March 31 2023
August 17, 2023
🌧️Earnings Overview
On August 14, 2023, UXIN LIMITED ($NASDAQ:UXIN) released their financial results for the 4th quarter of FY 2023, which concluded on March 31, 2023. Total revenue for the period was CNY 343.8 million, a drop of 32.0% compared to the same time the previous year. Net income was CNY -79.8 million, a decrease of CNY 360.8 million from the prior year.
Stock Price
On Monday, UXIN LIMITED reported its earnings results for the fourth quarter of FY2023, ending March 31, 2023. This was driven by strong sales of its core products and services. The company plans to further invest in its core products and services, aiming to increase efficiency and expand even further into new markets. Investors are hopeful that the company can continue its momentum and deliver even better results over the coming year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Uxin Limited. More…
| Total Revenues | Net Income | Net Margin |
| 2.06k | -892.79 | -14.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Uxin Limited. More…
| Operations | Investing | Financing |
| -251.14 | -32.03 | 239.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Uxin Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 718.65 | 2.54k | -38.77 |
Key Ratios Snapshot
Some of the financial key ratios for Uxin Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | – | -6.1% |
| FCF Margin | ROE | ROA |
| -13.8% | 5.2% | -10.9% |
Analysis
As a financial analyst, GoodWhale has carefully analyzed UXIN LIMITED‘s financials and come to a conclusion that it is a high risk investment. After assessing the income sheet, balance sheet, non-financial, and financial journals, we have identified four risk warnings that any potential investor should take into consideration. As a registered user of our platform, you can check out these risk warnings and make an informed decision before investing in UXIN LIMITED. More…
Peers
The competition between Uxin Ltd and its competitors is fierce. PT Putra Mandiri Jembar Tbk, America’s Car-Mart Inc, and Kaixin Auto Holdings are all vying for a piece of the pie. Uxin Ltd has a strong presence in China, but its competitors are not far behind.
– PT Putra Mandiri Jembar Tbk ($IDX:PMJS)
PT Putra Mandiri Jembar Tbk is a publicly traded company in Indonesia with a market capitalization of 2.34 trillion as of 2022. The company has a return on equity of 12.43%. PT Putra Mandiri Jembar Tbk is engaged in the business of providing transportation services. The company’s principal activity is providing land transportation services, including passenger and cargo transportation by bus, both regular and charter services.
– America’s Car-Mart Inc ($NASDAQ:CRMT)
America’s Car-Mart Inc is a used car dealership chain. The company has a market cap of 457.35M and a ROE of 13.39%. Car-Mart sells used cars and provides financing for customers with less-than-perfect credit. Car-Mart operates in 12 states and has over 140 locations.
– Kaixin Auto Holdings ($NASDAQ:KXIN)
Kaixin Auto Holdings, a Chinese automaker, has a market capitalization of $93.24 million as of 2022. The company has a negative return on equity of 408.42%. Kaixin Auto Holdings produces and sells electric vehicles and electric vehicle components in China. The company was founded in 2009 and is headquartered in Hangzhou, China.
Summary
Investors may be concerned with UXIN LIMITED‘s fourth quarter FY2023 earnings results, reported on August 14 2023. Total revenue decreased by 32.0% year over year to CNY 343.8 million, and the company reported a net income loss of CNY -79.8 million, representing a decrease of CNY 360.8 million from the same period last year. In response to the news, the stock price moved downwards. Given the earnings results, investors may decide to hold off on investing in UXIN LIMITED until the company shows signs of improved financial performance in future quarters.
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