Page 110 - Anual report STi 2022_eng

(4) Key Financial Ratios

Key Financial Ratios of the Company Group for the Year Ended December 31, 2020 - 2022

Consolidated Financial Statements for the Year Ended
Key Financial Ratios
31 Dec. 2020 31 Dec. 2021 31 Dec. 2022
Current Ratio (Times) 2.00 2.00 2.10

Quick Ratio (Times) 0.62 0.43 0.56

Operating Cash Flow Ratio (Times) (0.20) 0.06 0.18
Accounts Receivable Turnover Ratio (Times) 9.04 6.90 6.25
Average Collection Period (days) 40.36 52.92 58.44

Trade Payable Turnover Ratio (Times) 20.86 10.88 7.41

Average Payment Period (days) 17.50 33.55 49.23
Cash Cycle (days) 22.86 19.37 9.21

Profitability Ratio
Gross Profit Margin (Percentage) 31.75 29.26 31.00

EBIT Margin (Percentage) 14.87 12.81 12.99
Other Income to Total Income Ratio (Percentage) 0.38 0.52 0.34

Cash-to-Profit Ratio (Percentage) (29.54) 18.72 58.66
Net profit Margin (Percentage) 11.34 9.64 9.70

Net Profit Margin (Equity of the Company’s Shareholders) (Percentage) 9.47 8.29 8.35
Return on Equity (Percentage) 24.20 19.14 17.46

Efficiency Ratio

Return on Assets (Percentage) 13.53 8.83 8.27
Return on Fixed Assets (Percentage) 123.64 67.90 71.49
Asset Turnover (Times) 1.19 0.92 0.85

Financial Policy Ratio

Debt to Equity Ratio (Times) 1.18 1.16 1.07
Interest Coverage Ratio (Times) 33.66 25.90 22.61

Interest Bearing Debt to EBITDA Ratio (Times) 1.13 1.21 1.31
Debt Service Coverage Ratio (Times) 2.10 1.46 1.15

Dividend Payout Ratio (Percentage) 44.90 74.22 12.78*

*The calculation of the dividend payout ratio will not take into account the stock dividend announced in 2022.

108 Annual Report 2022 (56-1 One Report)