Dana Air

Key Performance Metrics

  • The review of Gross Profit Margin/Net Profit Margin witnessed a mixed trend. The Gross Profit Margin/Net Profit Margin declined from 13.12%/2.7% in 2019 to 8.53%/0.45% in 2023.
  • The average EBIT Margin for the period under analysis was 2.67%, with 2022 and 2021 performing the worst and best,
  • In the current year, Dana Air was able to cover its interest liabilities 2.05 times in the current year- compared to 2019 when it was 2.39 times.
  • The Capital turnover stood at 5.82 times in 2023 from 4.69 in 2019, implying a low performance on Capital of the business in relation to revenue.


  • The revenue of Dana Air has increased year on year. The revenue decreased by 17.56% between 2019 and 2020 and a further 25.88% increase was recorded between 2020 and There also occurred an increase of 3.93% between 2022 and 2023 (the current period).
  • Dana Air’s performance in terms of profitability looks good as the return on equity also recorded a good performance during the period of analysis.


  • The company’s result in liquidity looks poor, as current ratio/acid test decreased from 1.71:1/1.07:1 to 1.58:1/0.93:1 on the last year. Which implies that the company does not have enough assets to settle its current liabilities.

Capital Structure

  • Dana Air 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 high as it stood at 375% in the current year.


Source: Dana Air Annual Report

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