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Income Statement (CNY)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 243B | 9.6% |
Gross Profit | 97.1B | 35.5% |
Cost of Revenue | 146B | 2.7% |
Operating expense | 207B | 264% |
Net Income | 24.4B | 624.8% |
Balance Sheet (CNY)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1,785B | 1.1% |
Total Liabilities | 732B | 12.2% |
Total Equity | 938B | 4.9% |
Shares Outstanding | 19B | 661.7% |
Cash Flow (CNY)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 33.6B | 56.2% |
Financial Highlights for Alibaba in Q2 '24
Alibaba reported a revenue of 243B, which is a 9.6% 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 97.1B, marking a 35.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 146B, a -2.7% 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 207B, showing a 264% 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 24.4B, showing a 624.8% 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.
It was a positive quarter for Alibaba with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.