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Financial statements

CL Workshop Group Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data CL Workshop Group Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2023FY2023FY2024
Revenue47.755.325.521.5
Cost of revenue31.335.423.116.3
Gross profit16.419.92.395.26
Selling, general and administrative9.348.634.553.64
General and administrative3.355.025.265.32
Interest expense1.871.931.610.94
Interest income00.010.020.01
Pre-tax income1.965.21-12-8.8
Income tax0.630.43-0.04-0.07
Net income1.334.78-11.9-8.73
EPS, basic0.010.05-0.11-0.07
EPS, diluted0.010.05-0.11-0.07

Balance sheet

FY2021FY2023FY2023FY2024
Cash and equivalents3.555.083.982.96
Receivables8.557.284.17
Inventory13.18.546.43
Total current assets38.929.820.9
Property, plant and equipment8.573.563.4
Lease right-of-use assets0.270.160.190.55
Intangible assets19.320.515.9
Total assets6854.340.8
Accounts payable7.734.343.42
Short-term debt1212.310.3
Total current liabilities37.623.218.9
Lease liabilities0.070.130.46
Total liabilities55.636.131.7
Total debt12.812.810.4
Shareholders' equity12.518.29.11
Total equity8.0312.518.29.11
Total liabilities and equity6854.340.8

Cash flow statement

FY2021FY2023FY2023FY2024
Net income1.334.78-11.9-8.73
Cash from operations3.255.87-0.242.32
Capital expenditures-2.53-1.2-0.12-0.75
Cash from investing-2.48-1.43-1.15-0.7
Debt issued2522.530.531.8
Debt repaid-21.7-25.3-30.6-34
Stock issued5.09
Cash from financing0.4-2.54-0.29-2.04
Exchange rate effect-1.17-0.360.58-0.59
Net change in cash1.161.9-1.68-0.43
Free cash flow0.724.67-0.361.56
Income taxes paid0.70.24-0.05

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $1.42 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin24.4%Gross profit / revenue.
Pre-tax margin-40.9%Pre-tax income / revenue.
Net margin-40.5%Net income / revenue.
FCF margin7.3%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin10.8%Cash from operations / revenue.
Return on equity (ROE)-64.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-18.4%Net income / average total assets.
SG&A / revenue16.9%Selling, general and administrative expense / revenue.
Capex / revenue3.5%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-15.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-23.3%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y120.4%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-31.6%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y-10.7%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 3y29.6%Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-49.9%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-24.9%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.11xCurrent assets / current liabilities.
Quick ratio0.38x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.16x(Cash + short-term investments) / current liabilities.
Debt / equity1.14xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets25.4%Total debt / total assets.
Liabilities / assets77.7%Total liabilities / total assets.
Net debt$7.4MTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital$2.0MCurrent assets - current liabilities.
Goodwill and intangibles / assets39.0%(Goodwill + intangible assets) / total assets.
Tangible book value-$6.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.45xRevenue / average total assets.
Fixed asset turnover6.18xRevenue / average property, plant and equipment.
Inventory turnover2.18xCost of revenue / average inventory.
Days inventory168 days365 x average inventory / cost of revenue.
Receivables turnover3.76xRevenue / average receivables.
Days sales outstanding97 days365 x average receivables / revenue.
Days payables87 days365 x average accounts payable / cost of revenue.
Cash conversion cycle178 daysDays inventory + days sales outstanding - days payables.
Capex / operating cash flow32.5%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.07Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$0.07Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$41.0MShare price x shares outstanding.
Enterprise value$48.4MMarket cap + total debt - cash - short-term investments.
P/S1.90xMarket cap / revenue.
P/B4.50xMarket cap / shareholders' equity. Only when equity is positive.
P/FCF26.2xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF17.7xMarket cap / cash from operations, when positive.
EV/Sales2.25xEnterprise value / revenue.
EV/FCF30.9xEnterprise value / free cash flow, when both are positive.
FCF yield3.8%Free cash flow / market cap.
Earnings yield-21.3%Net income / market cap (the inverse of P/E).
What was CL Workshop Group Ltd's revenue in fiscal 2024?

CL Workshop Group Ltd reported revenue of $21.5M for fiscal 2024, 15.4% lower than the year before.

Was CL Workshop Group Ltd profitable in fiscal 2024?

No. It reported a net loss of $8.7M.

How much free cash flow did CL Workshop Group Ltd generate in fiscal 2024?

Cash from operations of $2.3M minus capital expenditures of $754.8K left free cash flow of $1.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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