The review of Net Profit Margin witnessed a surging trend. The Net Profit Margin improved from 12.5% in 2019 to 15.8% in 2023.
The average EBIT Margin for the period under analysis was 26.38%, with 2021 and 2023 performing the worst and best, respectively.
In the current year, Access covered its interest liabilities 2.71 times, compared to 2019 when it was 3.0 times.
The Asset turnover stood at 0.098 times in 2023 from 0.093 in 2019, implying a low performance on Assets of the business in relation to revenue.
Profitability
The revenue of Access has fluctuated year on year. The revenue increased by 14.70% between 2019 and 2020 and a further 11.12% decrease was recorded between 2021 and 2022. There also occurred a increase of 13.89% between 2022 and 2023 (the current period).
Access’s performance in profitability looks good as the return on equity also recorded a good performance during the period of analysis.
Liquidity
The company’s result in liquidity looks weak, as Loan to deposits decreased from 0.63 to 0.61 on the last year. Which implies that the company does not have enough assets to settle its current liabilities.
Capital Structure
Access 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 140% in the current year.
