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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 6,987B | 37.9% |
| Gross Profit | 6,987B | 45% |
| Operating expense | 6,987B | 0.1% |
| Net Income | 1,501B | 4.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 352,199B | 4.5% |
| Total Liabilities | 311,994B | 4.2% |
| Total Equity | 39,220B | 7.5% |
| Shares Outstanding | 240M | 0% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -881B | 146% |
| Cash from financing | 3,501B | 160.9% |
EPS
Financial Highlights for Bancolombia in Q2 '24
Bancolombia reported a revenue of 6,987B, which is a 37.9% 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 6,987B, marking a 45% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 6,987B, showing a -0.1% 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 1,501B, showing a 4.3% 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 Bancolombia with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
