LOL what a load of AI-generated nonsense ................We're delighted to see that Altech Chemicals is reaping rewards from its investments and is now generating some pre-tax profits. About five years ago the company was generating losses but things have turned around because it's now earning 6.8% on its capital. And unsurprisingly, like most companies trying to break into the black, Altech Chemicals is utilizing 2,229% more capital than it was five years ago. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.
In another part of our analysis, we noticed that the company's ratio of current liabilities to total assets decreased to 1.4%, which broadly means the business is relying less on its suppliers or short-term creditors to fund its operations. This tells us that Altech Chemicals has grown its returns without reliance on increasing their current liabilities, which we're very happy with.
