Investors: Ratios

Group Ratio Analysis

Apr-10 Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20
Earnings Per Share (pence per share)
Shareholders' Profit after tax/Number Of shares
 118.15p   50.89p   124.33p  211.76p 264.38p 208.68p 122.75p 84.47p 118.11p 159.79p 109.25p
Return On Capital Employed
Profit Before Interest & Tax /Total Assets Less Current Liabilities
23.30% 14.00% 19.70% 25.90% 28.16% 22.31% 12.02% 8.58% 12.53% 13.17% 10.44%
Gross Profit %
Gross Profit/Turnover
29.90% 27.30% 28.50% 31.95% 34.26% 32.50% 27.80% 25.65% 28.58% 31.98% 24.06%
Stock Turnover
Stock * 365 Days/Cost Of Sales
101 136 154 134 132 139 146 140 118 213 149

Earning per Share (EPS)

Return on Capital Employed

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

Apr-10 Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20
Debtors Collection
Trade Debtors * 365/Turnover
80 92 71 89 81 67 85 60 54 67 60
Current Ratio
Current Assets/Current Liabilities
1.9 1.84 1.81 2.00 1.80 2.23 1.65 1.93 1.51 1.58 1.43
Acid Test
Current Assets Less Stock/Current Liabilities
1.23 1.06 0.89 0.13 1.03 1.21 0.88 0.91 0.84 0.71 0.72
Apr-10 Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20
Balance Sheet Gearing (Inc. def. con.)
Net Borrowings+ deferred purchase
consideration/Shareholders Funds
17.3% 35.0% 33.1% 24.1% 5.6% 12.3% 26.1% 31.9% 11.31% 20.2% 17.9%
Balance Sheet Gearing (Exc. def. con.)
Net Borrowing/Shareholders Funds
1.8% 22.1% 25.9% 23.3% 4.9% 11.7% 25.6% 31.4% 10.8% 20% 17.9%
Interest Cover
Profit Before Interest & Tax/Net
Interest Payable
14.9 8.7 11.2

18.9

32.7 30.4 16.9 11.6 23.5 71.1 16.0
Dividend Cover
Profit After Tax/Dividend Payable
4.7 2 4 4.1 6.4 5.1 2.9 2.2 1.6 1.8 1.4

Current Ratio

(Current Assets / Current Liabilities)

Balance Sheet Gearing (%)

(Net Borrowings + deferred consideration / Shareholder Funds)

Apr-10 Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20
Quality Of Earnings
Operating Cash Flow/Profit Before
Interest & Tax Plus Depreciation & Amort
72% 29% 68% 73% 120% 91% 73% 53% 175% 63% 110%
Years To Repay Debt
Net Borrowings/Cash Flow
Before Investing & Financing
0.1 19 1.5 1.1 0.1 0.5 2.2 5.3 0.3 1.9 1.1
Interest Cash Cover
Cash Flow From Operations/Net
Interest Paid
13.2 5.7 12.4

16.4

41.0 33.6 19.5 9.68 47.2 25.3 28.6
Apr-10 Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20
Net Current Assets % Change 130% 12% 6% 28% -12% 22% -24% 14% -36% 54% -19%
Turnover % Change -7% 0% 16% 18% 3% -3% -3% 6.5% -5% 2% 14%
Gross Profit % Change -3% -9% 21% 32% 10% -9% -17% -1.7% 6% 14% -14%
Pre Tax Profit % Change 1% -39% 51% 65% 19% -17% -39% -25% 44% 23% -26%
Dividend % Change Ordinary 0% 5% 10% 10% 20% 0% 0% 0% 97% 15% -13%
  “Extraordinary
(% of ordinary)”
- - - 50% - - - - - - -
  Total 0% 5% 10% 65% 20% 0% 0% 0% 97% 15% -13%

Interest Cover

(Profit before tax & interest / Net interest Payable)

Quality of Earnings (%)

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

Apr-10 Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20
Net Current Assets % Change 130% 12% 6% 28% -12% 2% -24% 14% -36% 54% -19%
Turnover % Change -7% 0% 16% 18% 3% -3% -3% 7% -5% 2% 14%