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Income Statement (MXN)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 206B | 1.1% |
| Gross Profit | 91.9B | 7.4% |
| Cost of Revenue | 114B | 3.5% |
| Operating expense | 44.7B | 2.5% |
| Net Income | -1.09B | 108.1% |
| EBITDA | 87.1B | 6.4% |
Balance Sheet (MXN)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 1,663B | 3.9% |
| Total Liabilities | 1,246B | 3.2% |
| Total Equity | 362B | 6.2% |
| Shares Outstanding | 3.24B | 4.2% |
Cash Flow (MXN)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 57.7B | 180.8% |
| Cash from financing | -16.6B | 299.2% |
Financial Highlights for America Movil in Q2 '24
America Movil reported a revenue of 206B, which is a 1.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 91.9B, marking a 7.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 114B, a -3.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 44.7B, showing a 2.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -1.09B, showing a -108.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 87.1B, showing a 6.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
America Movil faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
