61 O N E R E P O R T 2 0 2 2 OVERVIEW BUSINESS OVERVIEW AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL INFORMATION SUSTAINABLE BUSINESS DEVELOPMENT Key Financial Ratios For the year ended 31 December 2019 2020 2022 Liquidity Ratio Current Ratio times 0.2 0.4 0.2 Quick Ratio times 0.1 0.4 0.2 Cash Ratio times (0.1) (0.2) 0.0 Account Receivable Turnover Ratio times 29.6 8.6 23.9 Average Collection Period days 12.3 42.7 15.3 Inventory Turnover Ratio times 76.6 47.7 74.5 Average Inventory Period days 4.8 7.7 4.9 Account Payable Turnover Ratio times 24.5 12.9 19.2 Average Payment Period days 14.9 28.4 19.0 Cash Cycle days 2.2 21.9 1.1 Profitability Ratio Gross Profit Margin percent (50.2) (193.2) (34.1) EBIT Margin(1) percent (55.4) (309.5) (48.3) Other income per Total Assets percent 16.0 15.1 4.0 Net Profit (Loss) Margin(2) percent (34.9) (173.6) (45.7) Return on Equity percent (27.9) (38.6) (57.0) Efficiency Ratio Return on Assets percent (7.3) (9.6) (11.8) Return on Fixed Assets percent 4.9 (50.1) (6.1) Asset Turnover Ratio times 0.2 0.1 0.3 Financial Policy Ratio Debt to Equity Ratio times 3.5 2.7 7.1 Interest Coverage Ratio times 0.8 (7.5) 0.2 Cash Basis(3) times (0.2) (0.2) (0.1) Dividend Payout Ratio percent - - - (1) Profit (loss) before finance costs and income tax revenue divided by the revenues from sales and services (2) Profit (loss) attributable to equity holders of the Company divided by the revenues from sales and services (3) Earning before interest tax depreciation and amortisation (EBITDA) (excluding dividend income, gain (loss) on sales and investments, finance income, gain (loss) on the exchange rate, and gain (loss) on derivative)
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