|
33 Ratios |
|||||||||||
|
For the year ended 31 March |
|||||||||||
|
Particulars |
Remarks |
Numerator |
Denominator |
2023 |
2022 |
||||||
|
|
|||||||||||
|
(a) |
Current ratio |
Current assets |
Current liabilities |
1.83 |
2.21 |
||||||
|
(b) |
Debt equity ratio |
Not applicable |
|||||||||
|
(c) |
Debt service coverage ratio |
Not applicable |
|||||||||
|
(d) |
Return on equity ratio |
Profit after tax |
Avg. net worth |
20.5% |
21.6% |
||||||
|
(e) |
Inventory turnover ratio |
Material cost |
Avg. inventory |
18.70 |
17.86 |
||||||
|
(f) |
Trade receivables turnover ratio |
Change is due to reduction in avg. trade receivables |
Revenue from contracts with customers |
Avg. trade receivables |
21.65 |
15.18 |
|||||
|
(g) |
Trade payables turnover ratio |
Change is due to increase in material cost |
Purchases |
Trade payables |
6.90 |
7.23 |
|||||
|
(h) |
Net capital turnover ratio |
Increase is due to reduction in current assets and increase in trade payables |
Total income |
Avg. working capital |
7.49 |
4.84 |
|||||
|
(i) |
Net profit ratio |
Profit after tax |
Total income |
16.1% |
17.9% |
||||||
|
(j) |
Return on capital employed |
Profit before tax |
Avg. capital employed |
26.0% |
26.2% |
||||||
|
(k) |
Return on investments |
Profit before tax |
Avg. net worth |
26.5% |
26.8% |
||||||
Notes to Consolidated financial
Note_33