Inspired Entertainment Inc. (INSE) Financial Analysis and Rating
Comparison Analysis Based on SEC Data
| Company Name | Inspired Entertainment Inc. |
| Industry (SIC) | 7372 - Prepackaged Software |
| Revenue in 2023 | $323,000 thousand (ranked #303 out of 565 companies in the industry) |
| Assets as of 12/31/2023 | $340,900 thousand (ranked #333) |
| Market Cap | $252,195 thousand (Oct 4, 2024) |
| Analyzed report | 3/31/2023 (filed 2/27/2024) |
Year:
Financial Position and Performance Annual | Quarterly
| Compared with Q1 2023 industry ratios | Change during the quarter |
|---|---|
|
about the same |
deteriorated |
| Compared with all listed companies |
|---|
|
worse |
Financial Ratios Benchmarking
| Finanancial Ratio | Comparison of 3/31/2023 company ratios | ||
|---|---|---|---|
|
with Q1 2023 industry ratios (73 - Business Services) |
with all listed companies | ||
| Solvency Ratios | |||
| Debt ratio |
1.30
0.60
|
1.30
0.61
|
|
| Interest coverage ratio |
0.75
-1.38
|
0.75
1.47
|
|
| Liquidity Ratios | |||
| Current Ratio |
1.72
1.45
|
1.72
1.74
|
|
| Cash Ratio |
0.38
0.62
|
0.38
0.49
|
|
| Profitability Ratios | |||
| Profit margin |
-2.2%
-10.1%
|
-2.2%
1.1%
|
|
| ROA (Return on assets) |
-1%
-5.9%
|
-1%
0.3%
|
|
| Activity Ratios | |||
| Asset turnover (days) |
811
594
|
811
785
|
|
| Resulting score | 0,0 | -0,9 | |
Year:
Additional Ratios (not used in score calculation)
| Finanancial Ratio | Comparison of 3/31/2023 company ratios | ||
|---|---|---|---|
|
with Q1 2023 industry ratios (73 - Business Services) |
with all listed companies | ||
| Profitability Ratios | |||
| Gross margin |
76.9%
56.1%
|
76.9%
40.4%
|
|
| Operating margin (Return on sales) |
7.2%
-4.4%
|
7.2%
6%
|
|
| Activity Ratios | |||
| Inventory turnover (days) |
363
27
|
363
93
|
|
| EBIT | $5M | ||
| EBITDA | $14M | ||
| Price Ratios | |||
| Earnings per Share (basic) | $-0.05 | ||
| Earnings per Share (diluted) | $-0.05 | ||
Auditor's Conclusion
We have performed a comparative analysis of the balance sheet and income statement of Inspired Entertainment Inc. (hereafter – the "Company") for Q1 2023 as submitted to the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Prepackaged Software" (SIC code 7372). In the analysis, we have compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the specific industry sector and for all companies. The averages are calculated using data from Q1 2023 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have drawn a general conclusion about the quality of the company's financial condition. Calculations and summary conclusions are performed in a computerized manner using software and methodologies developed by ReadyRatios.
As a result of the analysis of the key financial ratios of the Company, we have established the following. The financial condition of Inspired Entertainment Inc. in 2023 is about the same as the financial condition typical of the companies engaged in the activity "Prepackaged Software".
The average ratios for this type of business activity are below the average for all companies. For this reason, the Company has a below-average result compared with all businesses. The financial position of Inspired Entertainment Inc. is worse than that of most listed companies that submit financial statements to the U.S. Securities and Exchange Commission.
Financial Position and Performance History
More on Inspired Entertainment Inc.
Closest Competitors
| Company | USD ($), in Millions | |
|---|---|---|
| Revenue | Assets | |
| Cerence Inc. | 349 | 1,265 |
| Sprout Social Inc | 334 | 397 |
| Domo Inc. | 319 | 226 |
| Grid Dynamics Holdings Inc. | 313 | 435 |
Financial Data Source and Analysis Principles
The above is a comparative analysis of the company's financial position and performance. The comparison is based on official financial statements filed with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) (about 10,000 largest publicly traded companies). The comparison is made using the eleven key financial ratios (see the table above). The company's financial ratios are compared with the median of the ratios for all companies and for companies in the same industry, as well as to the quartiles of these ratios. Each ratio value is assigned a score between -2 and +2 depending on its position relative to the quartiles (-2 – below the first quartile; -1 – between the first and the second quartile; +1 – between the second and the third quartile; +2 – above the third quartile; 0 – the ratio value deviates from the median by no more than 5% of the difference between the median and the quartile closest to the ratio value). To draw a conclusion from the analysis, the individual scores are weighted equally to produce an overall score ranging from -2 and +2.
| much better (+1 - +2incl) | |
| better (from 0.11 to +1incl) | |
| about the same (from -0.11incl to +0.11incl) | |
| worse (from -1incl to -0.11) | |
| much worse (from -2incl to -1) |
Change during the year is calculated by comparing the resulting score of financial position within the industry with the last year's (quarter's) score. The result of the comparison may be as follows:
| significantly improved (positive change of more than 1 point) | |
| improved (positive change of less than 1 point) | |
| unchanged (little or no change in score, no more than 0.11 points) | |
| deteriorated (the score has decreased by less than 1 point during the year) | |
| deteriorated significantly (the score has decreased by more than 1 point during the year) |
Please note that this analysis does not indicate that the company's financial position is good or bad, but rather describes it in comparison to other U.S. businesses. For a detailed financial analysis, please use "ReadyRatios Financial Analysis" - load the data into the program>>