Investors: Ratios

Group Ratio Analysis

Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26
Earnings Per Share (Pence per Share)
Shareholders' Profit After Tax/Number of Shares
84.47p 118.11p 159.79p 107.93p 167.82p 169.14p 206.82p 225.08p 327.17p 738.44p
Return On Capital Employed
Operating Profit/Capital Employed (Net Debt + Equity Shareholders Funds)
8.6% 12.6% 13.2% 10.4% 13.1% 12.7% 12.9% 16.3% 24.5% 49.2%
Gross Profit %
Gross Profit/Turnover
35.5% 38.0% 42.7% 37.0% 42.0% 41.6% 37.0% 40.7% 41.7% 50.1%
Stock Turnover
Stock * 365 Days/Cost of Sales
162 136 253 180 166 175 150 151 111 140

Earning per Share (EPS)

Return on Capital Employed

(Profit before tax & interest / Total Assets less current liabilities)

Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26
Debtors Collection
Trade Debtors * 365/Turnover
60 54 67 60 54 57 55 50 60 58
Current Ratio
Current Assets/Current Liabilities
1.93 1.51 1.58 1.43 2.11 1.94 1.64 2.21 1.43 1.08
Acid Test
Current Assets Less Stock/Current Liabilities
0.91 0.84 0.71 0.72 1.35 1.12 1.00 1.44 0.99 0.72
Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26
Balance Sheet Gearing (Inc. def. con.)
Net Borrowings+ deferred purchase
consideration/Shareholders Funds
31.9% 11.3% 20.2% 17.9% 15.4% 25.8% 26.3% 35.1% 9.9% 22.4%
Balance Sheet Gearing (Exc. def. con.)
Net Borrowing/Shareholders Funds
31.4% 10.8% 20.0% 17.9% 15.4% 25.8% 26.3% 35.1% 9.9% 22.4%
Interest Cover
Profit Before Interest & Tax/Net
Interest Payable
11.6 23.5 71.1 16.0 26.8 15.7 14.2 9.4 22.4 67.5
Dividend Cover
Profit After Tax/Dividend Payable
2.2 1.6 1.8 1.4 1.7 1.6 1.9 1.8 1.2 0.9

Current Ratio

(Current Assets / Current Liabilities)

Balance Sheet Gearing (%)

(Excluding operating lease debt)

Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26
Quality Of Earnings
Operating Cash Flow/Profit Before
Interest & Tax Plus Depreciation & Amort
53% 175% 63% 110% 101% 79% 123% 95% 148% 84%
Years To Repay Debt
Net Borrowings/Cash Flow
Before Investing & Financing
5.3 0.3 1.9 1.1 0.9 1.7 1.2 1.7 0.3 0.5
Interest Cash Cover
Cash Flow From Operations/Net
Interest Paid
9.7 47.2 25.3 26.7 29.6 15.1 17.0 6.6 17.6 26.3

Interest Cover

(Profit before tax & interest / Net interest Payable)

Quality of Earnings (%)

(Operating cash flow / Profit Before tax & interest Plus depreciation & amortisation)

Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26
Net Current Assets % Change 14% (36)% 54% (19%) 84% (8%) 3% 54% (48%) (68)%
Turnover % Change 7% (5%) 2% 14% (9%) 10% 29% 3% 15% 27%
Gross Profit % Change 1% 2% 14% (1%) 3% 9% 15% 13% 18% 53%
Pre Tax Profit % Change (25%) 44% 23% (26%) 36% 21% 11% 9% 42% 126%
Dividend % Change Ordinary 0% 97% 15% -13% 31% 5% 4% 16% 111% 18%
  “Special
(% of ordinary)”
0% 0% 0% 0% 0% 0% 0% 0% 0% 100%
  Total 0% 97% 15% -13% 31% 5% 4% 16% 111% 208%
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