Abbott

Key Performance Metrics

  • The review of Gross Profit Margin/Net Profit Margin witnessed a surging trend. The Gross Profit Margin/Net Profit Margin declined/improved from 54.70%/1.74% in 2017 to16.42%/56.97% in 2021.
  • In the current year, Abbot was able to cover its interest liabilities 15.81 times in the current year- compared to 2017 when it was 1.73 times.
  • The PPE Turnover/Asset turnover stood at 3:3 times in 2021 from 3:1 in 2017, implying a low/high performance or PPE/Assets of the business in relation to revenue.

Profitability

  • The revenue of Abbot has increased year on year. The revenue decreased/increased by 10.43% between 2017 and 2018 and a further 4.3% increase was recorded between 2018 and 2019. There also occurred an increase of 24.5% between 2020 and 2021 (the current period). 
  • Abbot’s performance in profitability looks good as the return on capital employed also recorded good performance during the period of analysis.

Liquidity

  • The company’s result in liquidity looks strong, as current ratio/acid test increased from 1.72:1/1.30:1 to 1.85:1/1.46:1 on the last year. Which implies that the company enough assets to settle its current liabilities.
  • Cash conversion cycle declined over the 5-year period as it took an average of 26 days to convert assets to cash.

Capital Structure

  • Abbot is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been falling year on year. The gearing position of the company appears to be low as it stood at 23% in the current year.

 

Source: Abbot Annual Report

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