Key financial ratios
The latest financial analysis reveals strong financial ratios, underscoring the robust fiscal health of the company.
Key indicators such as the current ratio, quick ratio, and debt-to-equity ratio have all shown significant improvement, reflecting enhanced liquidity and operational efficiency. These financial ratios collectively contribute to improved solvability, indicating that the company is capable of sustaining its operations and meeting its financial commitments in both the short and long term.
Equity ratio:
Increased from 45.29% in 2022 to 57.81% in 2023 and further to 62.11% in 2024, indicating a stronger equity position.
Debt ratio:
Decreased from 54.71% in 2022 to 42.19% in 2023 and further to 37.89% in 2024, reflecting reduced leverage.
Current ratio:
Improved from 1.2 in 2022 to 1.5 in 2023 and further to 1.8 in 2024, indicating better liquidity.
Quick ratio:
Improved from 1.0 in 2022 to 1.3 in 2023 and further to 1.6 in 2024, reflecting better short-term financial health.
Return on assets (ROA):
Increased from 13.78% in 2022 to 24.65% in 2023 and further to 57.32% in 2024, indicating improved asset utilization.
Return on equity (ROE):
Increased from 22.30% in 2022 to 42.65% in 2023 and further to 90.78% in 2024, indicating higher returns to shareholders.
Gross profit margin:
Increased from 35.27% in 2022 to 40.15% in 2023 and further to 46.67% in 2024, indicating better cost management.
Operating profit margin:
Increased from 15.20% in 2022 to 18.30% in 2023 and further to 22.45% in 2024, indicating better operational efficiency.
Net profit margin:
Increased from 10.05% in 2022 to 13.05% in 2023 and further to 32.74% in 2024, indicating better overall profitability.