GREEN GIANT Reports 62.9% Drop in Revenue for Q3 FY2023
August 19, 2023
🌧️Earnings Overview
On August 10, 2023, GREEN GIANT ($NASDAQ:GGE) reported its earnings results for the third quarter of FY2023 (ending June 30 2023). Total revenue was reported at USD 0.4 million, a 62.9% decrease from the same quarter in the previous year. Net income for the same quarter showed a loss of USD 90.7 million, compared to a loss of USD 1.4 million in the previous year.
Analysis
GoodWhale conducted an analysis of the financials of GREEN GIANT, and the results showed that the company is strong in liquidity, medium in asset, and weak in dividend, growth, and profitability. GREEN GIANT is classified as an ‘elephant’, which is a type of company that is deemed to be financially secure after deducting off liabilities from assets. Therefore, this company may be attractive to investors who are looking for stability and income rather than growth. The company has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that it might be able to sustain future operations in times of crisis. Furthermore, the company has low debt levels and there is no liquidity risk associated with it at this time. As such, investors who prioritize safety and security may find GREEN GIANT to be an attractive option. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Green Giant. More…
| Total Revenues | Net Income | Net Margin |
| 1.87 | -200.4 | -1691.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Green Giant. More…
| Operations | Investing | Financing |
| -0.97 | -5.76 | 5.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Green Giant. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 222.65 | 189 | 0.6 |
Key Ratios Snapshot
Some of the financial key ratios for Green Giant are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -56.2% | -9.4% | -1656.3% |
| FCF Margin | ROE | ROA |
| -360.2% | -24.2% | -8.7% |
Peers
The competition between Green Giant Inc and its competitors, Instone Real Estate Group SE, American Realty Investors Inc, and Along Tibet Co Ltd, is fierce in the current business climate. All four companies are vying for market share and strive to come out on top in the highly competitive industry. In order to gain an edge over their rivals, each company must devise a successful strategy to stay ahead of the competition.
– Instone Real Estate Group SE ($BER:INS)
Instone Real Estate Group SE is a leading international real estate company that specializes in the development and management of residential, commercial, and office properties. The company has a market cap of 429M as of 2023, making it one of the largest players in the real estate industry. The company’s return on equity (ROE), which measures the rate of return of its equity shareholders, is 14.83%. This indicates that the company is generating a healthy return on its investments and is well poised for growth in the coming years.
– American Realty Investors Inc ($NYSE:ARL)
American Realty Investors Inc is a real estate investment trust that specializes in acquiring and managing income-producing properties throughout the United States. As of 2023, the company has a market cap of 423.99M, which is an indication of its overall size and financial standing. Furthermore, its Return on Equity (ROE) of 77.3% is indicative of its high profitability and efficiency. This indicates that the company is able to generate more profits from its investments than most of its competitors, showing strong financial performance.
– Along Tibet Co Ltd ($SHSE:600773)
Tibet Co Ltd is a multinational company that specializes in the production and distribution of consumer goods. The company has a market cap of 15.04 billion as of 2023, which reflects its strong financial position and potential for growth. The Return on Equity (ROE) of 5.87% is also an indication that the company is performing well and continuing to grow. Tibet Co Ltd has achieved success by focusing on innovation, customer service, and quality products. The company’s market cap and ROE are clear indicators of its successful approach to business.
Summary
Investors should be cautious when considering GREEN GIANT due to its latest third quarter earnings report for FY2023. Total revenue decreased by a staggering 62.9% compared to the same quarter last year, resulting in a net loss of USD 90.7 million. This is a stark contrast from the previous year’s net loss of USD 1.4 million, signaling a sharp decline in the company’s financial health despite cost-cutting efforts. Until a turnaround is seen, investors may want to avoid investing in GREEN GIANT.
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