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Income Statement (CHF)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 568M | 8.3% |
Gross Profit | 340M | 8.7% |
Cost of Revenue | 227M | 7.6% |
Operating expense | 520M | 90.4% |
Net Income | 31M | 66.3% |
Balance Sheet (CHF)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 2.05B | 8.2% |
Total Liabilities | 815M | 15.5% |
Total Equity | 1.23B | 3.9% |
Shares Outstanding | 320M | 2% |
Cash Flow (CHF)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 103M | 27.5% |
Cash from financing | -13M | 23.1% |
Financial Highlights for On Holding in Q2 '24
On Holding reported a revenue of 568M, which is a 8.3% 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 340M, marking a 8.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 227M, a 7.6% 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 520M, showing a 90.4% 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 31M, showing a -66.3% 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.
On Holding 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. A decline in EBITDA signals potential operational challenges or increased costs.