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Raytech Holding Limited: Financial Insights Report Q2 2024

$RAY
Form 6-K
Filed on: 2025-01-10
Source
Raytech Holding Limited: Financial Insights Report Q2 2024

Based on the provided XML section of the financial report, here are the key insights and important information extracted:

Entity Information

  • Entity Name: Raytech Holding Limited
  • CIK Number: 0001948443

Reporting Periods

  • Current Reporting Period:
  • Start Date: April 1, 2024
  • End Date: September 30, 2024
  • Previous Reporting Period:
  • Start Date: April 1, 2023
  • End Date: September 30, 2023
  • Interim Reporting Dates:
  • March 31, 2024
  • September 30, 2023

Financial Metrics

  • Merchandise Inventories (Net):
  • As of September 30, 2024: 1,855,686 HKD
  • As of March 31, 2024: 1,135,068 HKD
  • As of March 31, 2023: 1,460,096 HKD
  • Taxes Receivable:
  • As of September 30, 2024: 395,005 HKD
  • As of March 31, 2024: 104,085 HKD
  • As of March 31, 2023: 13,397 USD
  • Merchandise Costs:
  • For the period ending September 30, 2024: 24,305,564 HKD
  • For the period ending March 31, 2024: 34,100,724 HKD
  • For the period ending March 31, 2023: 4,389,163 USD

Related Party Transactions

  • Repayment of Amount Due from a Director:
  • For the period ending September 30, 2024: -210,702 HKD
  • For the period ending March 31, 2024: -145,166 HKD
  • For the period ending March 31, 2023: -18,684 USD

Shareholder Equity Components (As of March 31, 2023)

  • Common Stock:
  • Additional Paid-In Capital:
  • Retained Earnings:

Key Observations

  1. Inventory Growth: There is a significant increase in net merchandise inventories from March 31, 2023, to September 30, 2024, suggesting potential growth or accumulation of stock.
  2. Cost Management: Merchandise costs decreased from the previous period to the current one, which might indicate improved cost management or reduced sales.
  3. Related Party Transactions: There are negative figures indicating repayments owed from a director, which could raise questions about cash flow and governance.
  4. Taxes Receivable: There seems to be a fluctuation in taxes receivable, which may reflect changes in tax obligations or recoveries.

Conclusion

The report indicates ongoing activities and financial strategies of Raytech Holding Limited, with a notable increase in inventories and fluctuations in costs and receivables, particularly in relation to related party transactions. Further analysis on revenue and expenses would help provide a clearer picture of the company's financial health.