cat bald spots with red patches

Hi! This is at may cat's body near his leg. Anyone who has an idea what could this be?

I am thinking it's ringworm and i have been applying miconazole cream on it.

Hi! This is at may cat's body near his leg. Anyone who has an idea what could this be?

I am thinking it's ringworm and i have been applying miconazole cream on it.