JTEKT India Key Ratios

Dupont Analysis

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
ROE	9.22%	25.72%	27.07%	19.13%	30.22%	18.66%	16.15%	11.08%	14.83%	13.82%	5.91%	2.29%	6.68%	13.06%
PAT margin	3.98%	2.32%	0.88%	2.00%	4.15%	4.20%	3.05%	2.44%	2.44%	4.54%	2.61%	3.43%	3.70%	1.99%	-4.59%	3.49%
Asset Turnover	1.35x	1.68x	1.66x	1.55x	1.53x	1.61x	1.56x	1.35x	1.46x	1.42x	1.33x	1.31x	1.53x	1.88x
Leverage	4.03x	4.20x	4.26x	4.22x	3.85x	3.44x	3.28x	2.80x	2.31x	2.18x	1.91x	1.70x	1.69x	1.63x

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Inventory Days	15.8	17.1	15.7	15.8	19.0	20.2	21.3	24.2	21.6	22.1	27.4	33.5	31.6	29.7
Receivable Days	33.8	34.6	39.0	44.7	47.4	41.4	43.1	48.9	48.3	54.8	55.9	61.7	57.2	46.6
Payable Days	85.3	70.3	72.5	70.7	69.1	68.5	70.6	83.7	65.2	61.5	63.2	69.2	66.2	52.8
Cash Conversion Cycle	-35.7	-18.6	-17.7	-10.2	-2.6	-6.9	-6.3	-10.7	4.7	15.4	20.1	26.0	22.6	23.6

Metric	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
ROE	9.22%	25.72%	27.07%	19.13%	30.22%	18.66%	16.15%	11.08%	14.83%	13.82%	5.91%	2.29%	6.68%	13.06%
ROCE	13.11%	22.33%	23.03%	18.19%	22.73%	18.46%	17.51%	12.61%	17.86%	17.63%	7.29%	3.84%	8.93%	16.30%
ROA	2.29%	6.12%	6.36%	4.53%	7.86%	5.43%	4.93%	3.95%	6.41%	6.34%	3.10%	1.35%	3.96%	8.03%