Is Galaxy Payroll Group Ltd (GLXG) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 51.6% / 30% | 239.1% / 30% | 72.9% / 30% | 0.74% / 5% | ✗ NOT HALAL |
| DJIM | 51.6% / 33% | 239.1% / 33% | 72.9% / 33% | 0.74% / 5% | ✗ NOT HALAL |
| MSCI | 8.8% / 33% | 40.8% / 33% | 12.4% / 33% | 0.74% / 5% | ✗ NOT HALAL |
| S&P | 51.6% / 33% | 239.1% / 33% | 72.9% / 33% | 0.74% / 5% | ✗ NOT HALAL |
| FTSE | 8.8% / 33% | 40.8% / 33% | 12.4% / 50% | 0.74% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 42.6% | |
| Operating Margin | -144.1% | |
| Net Margin | -100.5% | |
| Return on Equity (ROE) | -164.2% | |
| Return on Assets (ROA) | -52.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $7M |
| Free Cash Flow | $7M |
| Total Debt | $2M |
| Debt-to-Equity | 4.6 |
| Current Ratio | 3.2 |
| Total Assets | $27M |
Price & Trading
| Last Close | $2.44 |
| 50-Day MA | $2.15 |
| 200-Day MA | $3.89 |
| Avg Volume | 107K |
|
52-Week Range
$1.54
| |
About Galaxy Payroll Group Ltd (GLXG)
Galaxy Payroll Group Limited, through its subsidiaries, provides payroll outsourcing, employment, and consultancy and market research services. It has operations in Hong Kong, Macau, the People's Republic of China, Taiwan, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia, Singapore, Bangladesh, South Korea, and the Philippines. Galaxy Payroll Group Limited was founded in 2013 and is based in Sheung Wan, Hong Kong.
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Frequently Asked Questions
Is Galaxy Payroll Group Ltd (GLXG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Galaxy Payroll Group Ltd is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Galaxy Payroll Group Ltd's debt ratio?
Galaxy Payroll Group Ltd's debt ratio is 51.6% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 8.8%.
What are Galaxy Payroll Group Ltd's key financial metrics?
Galaxy Payroll Group Ltd has a market capitalization of $14M, and revenue of $30M. The company maintains a gross margin of 42.6% and a net margin of -100.5%. Return on equity stands at -164.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.