![]() ![]() Assets under management, or AUM have been experiencing a very volatile time. So, what has happened? The company cannot stop bleeding. It is no wonder that the company's share price also went nowhere basically. Overall, the company's performance has been lackluster. Furthermore, the company's return on total capital has seen quite a decline since March, which indicates that the company is losing its competitive edge and its moat, and it doesn't seem to bounce yet.Įfficiency and Profitability (Seeking Alpha) Margins over the last year (Seeking Alpha)Ĭontinuing on efficiency and profitability, the company's ROE and ROA have slightly improved since March of last year but are on a downtrend over the last two quarters once again, which indicates that the company's assets and shareholder capital are not being used very efficiently, as the harder macroeconomic times persist. It seems that the company managed to navigate the turmoil somewhat successfully as net margins improved. The massive declines in gross and EBIT did not translate to the bottom-line deterioration. ![]() Gross margins saw a whopping 840bps decrease in one year, EBIT margins saw around 700bps decline, while it seems that net margins have somewhat improved slightly, around 150bps, so it is not all bad. Over the same period, we can see the company's margin has also taken a hit. ![]() Revenues over the last year (Seeking Alpha) It has had a lot of difficulty maintaining it and we can see a clear downtrend, with no apparent bounce as of the latest quarter, in which the company saw another 7% decrease y/y. In terms of revenues, the company's trajectory has been clear. The company has no debt to worry about so that is a positive sign, that should attract many debt-averse investors, but that would not be the only thing that matters in an investment, since I don't mind when companies take on debt to finance their growth and operations, as long as it's manageable. So, let's see how the company's metrics have developed over the last year almost.Īs of Q3 '23, the company had around $210m in cash and investments (LT investments), which is the same as of the end of FY22. Since I covered the company back in March of '23, the company's share price went nowhere against the S&P500's 25% advance. Nevertheless, I am sticking to my hold rating for the company, as I believe we will see further volatility in the stock markets and more cash outflows because of it. The company's share price went nowhere compared to the overall market, as the company continued to see its AUM decrease in the recent quarters, however, I would expect much better numbers for Q4 as the overall market saw a decent rally in the last 3 months. I wanted to take a look at what has happened since I covered the company last, which was March '23. Installation instructions come wrapped with every roll of shipped wallcovering and can also be downloaded from our website.Diamond Hill ( NASDAQ: DHIL) is going to report its FY23 numbers at the beginning of February. If a product requires more specific care and cleaning instructions, it will be noted on the product-specific installation instructions.Maya Romanoff is not responsible for unsatisfactory results. We reccomend testing first on a small, inconspicuous area. This coating is NOT a guarantee of waterproofing. *Polyurethane can be applied to some of our products after installation to improve our products' retained beauty over time through increased resistance to occasional or light moisture.Maya Romanoff wallcovering materials are primarily formulated for dry-use areas.*.Our wallcoverings are not guaranteed against fading or color change. Avoid direct, bright or reflected sunlight.Wallcoverings made of fabric and natural grasses may be lightly vacuumed for normal dust accumulation.Do not use cleaners, solvents, or chemicals of any kind to clean Maya Romanoff products.Avoid getting the wallcovering excessively wet.Please contact Customer Service at 800.465.6909 to confirm that your wallcovering may be cleaned using this method. If necessary, many of our products may be cleaned by blotting the soiled area with a soft, clean cloth dampened with a weak solution of a mild liquid detergent.Before cleaning any product, we reccomend testing first on a small, inconspicuous area. ![]()
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