|
42 Ratios |
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|
As at/For the year ended 31 March |
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|
Particulars |
Remarks |
Numerator |
Denominator |
2024 |
2023 |
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|
|
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|
(a) |
Current ratio |
Change is because of increase in trade payables and short-term borrowings. |
Current assets |
Current liabilities |
1.19 |
1.71 |
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|
(b) |
Debt equity ratio |
Total debt |
Shareholder’s equity |
0.03 |
– |
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|
(c) |
Debt service coverage ratio |
Earnings for debt service |
Debt service |
147.33 |
– |
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|
(d) |
Return on equity ratio |
Change is because of increase in profits during the year. |
Profit after tax |
Average shareholder’s equity |
29.7% |
21.6% |
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|
(e) |
Inventory turnover ratio |
Material cost |
Avg. inventory |
20.52 |
19.83 |
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|
(f) |
Trade receivables turnover ratio |
Revenue from contracts with customers |
Avg. trade receivables |
22.36 |
21.48 |
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|
(g) |
Trade payables turnover ratio |
Purchases |
Trade payables |
6.09 |
6.95 |
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|
(h) |
Net capital turnover ratio |
Increase is due to higher total income and reduction in working capital. |
Total income |
Working capital |
28.25 |
10.24 |
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|
(i) |
Net profit ratio |
Profit after tax |
Total income |
16.2% |
15.0% |
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|
(j) |
Return on capital employed |
Change is because of increase in profits during the year. |
Profit before tax |
Capital employed |
38.5% |
28.6% |
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|
(k) |
Return on investments |
Change is because of increase in profits during the year. |
Profit before tax |
Average shareholder’s equity |
39.1% |
28.4% |
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Notes to Standalone Financial
St_Note_42