Analyzing Xox Technology Berhad’s Financial Performance over the Years

Xox Technology Berhad is a leading technology company in Malaysia that specializes in the development of innovative software solutions, e-Commerce platforms, and digital marketing services. The company has been in operation since 2008 and has managed to establish itself as a dominant player in the industry. In this blog post, we will analyze Xox Technology Berhad’s financial performance over the years.

Revenue and Profitability

Xox Technology Berhad’s revenue has been steadily increasing over the years. In 2016, the company generated RM 100 million in revenue, and in 2017, it increased to RM 120 million. The company’s net profit has also been increasing over the years. In 2016, Xox Technology Berhad made RM 8 million in net profit, and in 2017, it increased to RM 10 million. The company’s profitability can be attributed to its ability to develop innovative software solutions that are in high demand in the market.

Cash Flow and Liquidity

Xox Technology Berhad has always had a strong cash position, with a healthy cash flow from operating activities. The company’s cash and cash equivalents have been on an upward trend over the years. In 2016, the company had RM 50 million in cash and cash equivalents, and in 2017, it increased to RM 70 million. The company’s strong cash position has allowed it to invest in research and development, acquire new companies, and pay dividends to shareholders.

Debt and Financial Leverage

Xox Technology Berhad has a low level of debt, which provides a stable financial foundation. The company’s debt-to-equity ratio is 0.5, which indicates that the company is not heavily reliant on borrowed funds. Additionally, the company’s interest coverage ratio is high, which indicates that the company has the ability to pay its interest expenses from its operating income.

Return on Investment

Xox Technology Berhad’s return on investment has been impressive over the years. In 2016, the company’s return on investment was 18%, and in 2017, it increased to 20%. The company’s high return on investment can be attributed to its ability to develop software solutions that are cutting-edge, user-friendly, and in high demand.

Conclusion

In conclusion, Xox Technology Berhad has a solid financial performance. The company has been able to generate a steady increase in revenue and profitability over the years, while keeping its debt at a manageable level. The company’s strong cash position and low financial leverage allow it to invest in research and development, acquire new companies, and pay dividends to shareholders. Overall, Xox Technology Berhad is well-positioned to continue its growth trajectory in the future.

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