NWGL · Nasdaq · United States · Lumber & Wood Products (No Furniture)

CL Workshop Group Ltd

Macau S.A.R · Fiscal year ends in December · Figures in USD

In shortCL Workshop Group Ltd is loss-making, generates cash and carries moderate debt, with revenue shrinking (−15.4% last year).

Financial health

Weak

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability0

Operating marginShare of each sale left after running the business, before interest and tax.	–	n/a
Net marginShare of each sale left as profit after every cost, interest and tax.	-40.5%	0/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	-64.0%	0/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	–	n/a

Weight in the score: 25%

Balance sheet37

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	1.11×	26/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	1.14×	48/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	–	n/a
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	–	n/a
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	–	n/a

Weight in the score: 25%

Cash generation59

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	7.3%	49/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	–	n/a
Years with positive free cash flow (last 5)	3 of 4	69/100

Weight in the score: 20%

Stability17
Profitable years (last 5) 2 of 4 50/100
Years of revenue decline (last 5) 2 of 3 0/100
Revenue growth volatility 35.1% 0/100
Operating margin volatility – n/a
Weight in the score: 20%
Growth0
Revenue growth, 3-year average -23.3% 0/100
EPS growth, 3-year average – n/a
Weight in the score: 10%

Profitable years (last 5)	2 of 4	50/100
Years of revenue decline (last 5)	2 of 3	0/100
Revenue growth volatility	35.1%	0/100
Operating margin volatility	–	n/a

Revenue growth, 3-year average	-23.3%	0/100
EPS growth, 3-year average	–	n/a

Fiscal year 2024 · change vs prior year

Revenue: $21.5M; ▼ 15.4%
Net income: −$8.7M; ▲ 26.9%
Free cash flow: $1.6M; ▲ 539.9%
Operating margin: –; –
Cash & investments: $3.0M; –
Total debt: $10.4M; ▼ 19.2%
Diluted EPS: −$0.07; ▲ 36.4%
Return on equity: −64.0%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

GrossOperatingNet

Free cash flow

Cash versus debt

Cash & investmentsTotal debt

Statements

The last 4 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY21	FY22	FY23	FY24
Revenue	48	55	25	22
Cost of revenue	31	35	23	16
Gross profit	16	20	2.4	5.3
Selling, general & admin	9.3	8.6	4.6	3.6
Interest expense	1.9	1.9	1.6	0.9
Pre-tax income	2	5.2	(12)	(8.8)
Income tax	0.6	0.4	(0)	(0.1)
Net income	1.3	4.8	(12)	(8.7)
Diluted EPS	$0.01	$0.05	−$0.11	−$0.07

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Risk checks

Altman Z'' score

Not computed: a required balance-sheet item is missing.

Piotroski F-score

6/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: failed
Positive operating cash flow: passed
Return on assets improved: passed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: failed
No share dilution: not available
Gross margin improved: passed
Asset turnover improved: passed

Sources

20-FPeriod ending Dec 31, 2025Filed Apr 27, 2026Open the report ↗
20-FPeriod ending Dec 31, 2024Filed May 1, 2025Open the report ↗
20-FPeriod ending Dec 31, 2023Filed Apr 25, 2024Open the report ↗

All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Dec 31, 2025 · Data updated May 1, 2025

Reading the annual reports…

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Operating marginShare of each sale left after running the business, before interest and tax.

–

n/a

Net marginShare of each sale left as profit after every cost, interest and tax.

-40.5%

0/100

Return on equityProfit earned on the money shareholders put in. Above 15% is strong.

-64.0%

0/100

Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.

–

n/a

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.

1.11×

26/100

Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.

1.14×

48/100

Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.

–

n/a

Interest coverageHow many times operating profit covers interest. Below 2 is risky.

–

n/a

Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.

–

n/a

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.

7.3%

49/100

Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.

–

n/a

Years with positive free cash flow (last 5)

3 of 4

69/100

Profitable years (last 5)	2 of 4	50/100
Years of revenue decline (last 5)	2 of 3	0/100
Revenue growth volatility	35.1%	0/100
Operating margin volatility	–	n/a

Profitable years (last 5)

2 of 4

50/100

Years of revenue decline (last 5)

2 of 3

0/100

Revenue growth volatility

35.1%

0/100

Operating margin volatility

–

n/a

Revenue growth, 3-year average	-23.3%	0/100
EPS growth, 3-year average	–	n/a

Revenue growth, 3-year average

-23.3%

0/100

EPS growth, 3-year average

–

n/a

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

GrossOperatingNet

Free cash flow

Cash versus debt

Cash & investmentsTotal debt

Statements

The last 4 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY21	FY22	FY23	FY24
Revenue	48	55	25	22
Cost of revenue	31	35	23	16
Gross profit	16	20	2.4	5.3
Selling, general & admin	9.3	8.6	4.6	3.6
Interest expense	1.9	1.9	1.6	0.9
Pre-tax income	2	5.2	(12)	(8.8)
Income tax	0.6	0.4	(0)	(0.1)
Net income	1.3	4.8	(12)	(8.7)
Diluted EPS	$0.01	$0.05	−$0.11	−$0.07

Risk checks

Altman Z'' score

Not computed: a required balance-sheet item is missing.

Piotroski F-score

6/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: failed
Positive operating cash flow: passed
Return on assets improved: passed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: failed
No share dilution: not available
Gross margin improved: passed
Asset turnover improved: passed

Sources

20-FPeriod ending Dec 31, 2025Filed Apr 27, 2026Open the report ↗
20-FPeriod ending Dec 31, 2024Filed May 1, 2025Open the report ↗
20-FPeriod ending Dec 31, 2023Filed Apr 25, 2024Open the report ↗

All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Dec 31, 2025 · Data updated May 1, 2025