Impala Platinum

Key Performance Metrics

  • The review of Net Profit Margin witnessed a surging trend. The Net Profit Margin improved from -21.98% in 2017 to 36.93% in 2021.
  • The average EBIT Margin for the period under analysis was 6.67%, with 2018 and 2021 performing the worst and best, respectively.
  • In the current year, Impala Platinum was able to cover its interest liabilities 72.8 times in the current year- compared to 2017 when it was 27.85 times.
  • The Asset turnover stood at 1.17 times in 2021 from 1 in 2017, implying a high performance on Assets of the business in relation to revenue.

Profitability

  • The revenue of Impala Platinum has increased year on year. The revenue decreased by 2.7% between 2017 and 2018 and a further 35.6% increase was recorded between 2018 and 2019. There also occurred an increase of 85.5% between 2020 and 2021 (the current period). 
  • Impala Platinum’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 poor, as current ratio/acid test decreased from 3.12:1/1.56:1 to 3.19:1/1.91:1 on the last year. Which implies that the company does not have enough assets to settle its current liabilities.

Capital Structure

  • Impala Platinum 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 39% in the current year.

Source: Impala Platinum Annual Report

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