Revenue Analysis
Total and Operating Revenue: AMBP showed a fluctuating trend in Total and Operating Revenue over the observed periods. A slight increase is noted in revenue from $1,131M in 2023-03-31 to $1,141M in 2024-03-31. This indicates a modest growth trajectory in the company’s primary revenue-generating activities.
Gross Profit Margins: Gross profit has seen a slight increase from $113M in 2023-03-31 to $123M in 2024-03-31, showcasing a relative improvement in profitability before accounting for sales, general, and administrative expenses.
Cost Management
Cost of Revenue: The Cost of Revenue has generally increased from $955M (2023-03-31) to $1,018M (2024-03-31), highlighting rising costs associated with core business activities over time.
Operating Expense: Operating expenses fluctuated but remained substantial, impacting the net profitability of the company. Of note, any reduction in these could enhance operational efficiency.
Total Expenses: An increase from $1,118M (2023-03-31) to $1,127M (2024-03-31) in total expenses also mirrors the general rise in costs that accompanies scaling sales volumes
Profitability Analysis
EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) steadily increased from $127M (2023-03-31) to $128M (2024-03-31), reflecting slightly improved operational efficiency before financing impacts.
Operating Income: Operating income increased from $13M (2023-03-31) to $14M (2024-03-31), which is a positive signal though relatively marginal in the broader financial context.
Pretax Income: Pretax income has had significant fluctuations (-$10M in 2023-03-31 and -$21M in 2024-03-31), indicating substantial impacts from non-operational factors that could be financial or exceptional items.
Net Income: Net income has been negative, with recent figures like -$12M (2024-03-31), suggesting challenges in achieving bottom-line profitability.
Cash Flow Indicators
Reconciled Depreciation: Depreciation costs have been relatively stable, reflecting consistent capital expenditure depreciation policies.
Interest Expense: Interest expenses indicate ongoing financial costs which in some quarters have heavily impacted pretax profits.
Taxation
Tax Rate: The tax rate varied, largely adhering to statutory or effective rates based on fiscal regulations applicable in the reporting periods.
Tax Provision: Tax provisions have varied, correlating inversely with pretax income, showing higher tax reversals/expenses based on pre-tax profitability.
Tax Effect of Unusual Items: Unusual items have added complexity to the tax calculations, influencing the net tax provision.
Shareholder Metrics
Diluted and Basic EPS: Earnings per share figures (both diluted and basic) were negative in most periods, reflecting losses per share held.
Average Shares: The number of shares has remained consistent, helping analysts better understand per-share impacts without adjustments for changes in share count.
Net Income Available to Common Stockholders: Negative values indicate that common shareholders bore the losses during the periods.
Conclusion
The key findings from AMBP’s financial review over the last years highlight challenges in maintaining profitability despite revenue growth. Strategic initiatives focusing on cost management and enhancing operational efficiency might offer potential improvements. Investment in innovation or diversification could also help improve financial performance.