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Insufficient data prevents a detailed analysis of inventory days, receivable days, and payable days, affecting our understanding of working capital management. The cash conversion cycle, reported consistently as zero, indicates an oversight or reporting issue, thus limiting the evaluation of operational efficiency. This lack of clarity suggests a need for caution as reliable efficiency metrics are unavailable.
| Metric | Mar 2013 | Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Cost Income Ratio | 66.48% | 63.45% | 59.44% | 63.12% | 64.52% | 62.62% | 63.97% | 58.22% |
| Core Cost Income Ratio | 70.78% | 67.24% | 58.33% | 71.28% | 66.93% | 62.04% | 71.35% | 65.15% |
| Operating Costs to Assets | 5.70% | 5.69% | 4.62% | 5.73% | 5.56% | 5.42% | 5.98% | 5.20% |
The ongoing increase in ROE and ROCE indicates an upward trend in equity and capital efficiency, suggesting improved profitability across the board. The relatively steady ROA growth, albeit lower than ROE and ROCE, underscores that asset management remains effective but could be further enhanced. Overall, the equity returns appear to be driven primarily by strong profitability, while capital and total asset returns are also witnessing good performance.
| Metric | Mar 2013 | Mar 2014 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE | 15.66% | 14.63% | 13.84% | 13.12% | 13.19% | 14.19% | 14.88% | 15.28% |
| ROCE | 12.72% | 12.79% | 11.88% | 12.10% | 12.79% | 13.86% | 15.06% | 15.14% |
| ROA | 2.12% | 2.11% | 2.05% | 2.15% | 2.33% | 2.53% | 2.59% | 2.66% |