We Think You Can Look Beyond InnoTek's (SGX:M14) Lackluster Earnings

Simply Wall St.08-21

The market for InnoTek Limited's (SGX:M14) shares didn't move much after it posted weak earnings recently. We think that the softer headline numbers might be getting counterbalanced by some positive ...

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We think that the softer headline numbers might be getting counterbalanced by some positive ...</p>\n\n<a href=\"https://finance.yahoo.com/news/think-look-beyond-innoteks-sgx-233754815.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"M14.SI","symbol_name":"英诺特","start_time":0,"source_url":"https://finance.yahoo.com/news/think-look-beyond-innoteks-sgx-233754815.html","article_id":"2461851588","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/q0yRN_h1fYD6SjjSkWx5lg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/4afa9747177650711578ccd57242a6b7"],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/think-look-beyond-innoteks-sgx-233754815.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2461851588","pubTimestamp":1724197074,"sourceInfo":{"source_id":"yahoofinance_sg","name":"Yahoo Finance"},"weMediaInfo":null,"summary":"The market for InnoTek Limited's  shares didn't move much after it posted weak earnings recently. We think that the softer headline numbers might be getting counterbalanced by some positive underlying factors.SGX:M14 Earnings and Revenue History August 20th 2024. For anyone who wants to understand InnoTek's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by S$683k due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If InnoTek doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.Unusual items  detracted from InnoTek's earnings over the last year, but we might see an","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"M14.SI":"英诺特"},"translate_title":"我们认为您可以超越InnoTek(SGX：M14)黯淡的盈利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"M14.SI":0.9},"content_text":"The market for InnoTek Limited's (SGX:M14) shares didn't move much after it posted weak earnings recently. We think that the softer headline numbers might be getting counterbalanced by some positive underlying factors. \n View our latest analysis for InnoTek \n\n\n\n  SGX:M14 Earnings and Revenue History August 20th 2024\n \n\n The Impact Of Unusual Items On Profit \n For anyone who wants to understand InnoTek's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by S$683k due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If InnoTek doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. \n Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of InnoTek. \nOur Take On InnoTek's Profit Performance\n Unusual items (expenses) detracted from InnoTek's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that InnoTek's statutory profit actually understates its earnings potential! On the other hand, its EPS actually shrunk in the last twelve months. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. When we did our research, we found 4 warning signs for InnoTek (2 don't sit too well with us!) that we believe deserve your full attention. \n Today we've zoomed in on a single data point to better understand the nature of InnoTek's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free  collection of companies boasting high return on equity, or  this list of stocks with high insider ownership. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461851588"}