The review of Net Profit Margin witnessed a mixed trend. The Net Profit Margin reduced from 52.68% in 2019 to 30.47% in 2023.
The average EBIT Margin for the period under analysis was 52.76%, with 2023 and 2021 performing the worst and best, respectively.
In the current year, Blackstone was able to cover its interest liabilities 7.85 times in the current year- compared to 2019 when it was 20.12 times.
The Asset turnover stood at 0.2 times in 2023 from 6.74 in 2019, implying a low performance on Assets of the business in relation to revenue.
Profitability
The revenue of Blackstone has increased year on year. The revenue decreased by 18% between 2019 and 2020 and a further 26% increase was recorded between 2020 and 2021. There also occurred an increase of 6% between 2022 and 2023 (the current period).
Blackstone’s performance in profitability looks good as the return on equity also recorded good performance during the period of analysis.
Liquidity
The company’s result in liquidity looks strong, as loan to assets decreased from 10.67 to 0.31 on the last year. Which implies that the company has enough assets to settle its current liabilities.
Capital Structure
Blackstone 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 1.31 in the current year.
