The review of Net Profit Margin witnessed a mixed trend. The Net Profit Margin improved from 0.59% in 2018 to 13.72% in 2022.
The average ROCE Margin for the period under analysis was 15.25% with 2019 and 2020 performing the worst and best, respectively.
In the current year, Sibanye Stillwater ICR was 26.59 – compared to 2018 when it was -0.53.
The Asset turnover stood at 0.87 times in 2022 from 0.91 in 2018, implying a low performance or Assets of the business in relation to revenue.
Profitability
The revenue of Sibanye Stillwater has fluctuated year on year. The revenue increased by 0% between 2018 and 2019 and a further 74.69% increase was recorded between 2019 and 2020. There also occurred an increase of 19.69% between 2021 and 2022 (the current period).
Sibanye Stillwater 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 good, as current ratio/acid test increase from 04:1/0.68:1 to 3.01:1/1.7:1 on the last year. Which implies that the company have enough assets to settle its current liabilities regardless.
Capital Structure
Sibanye Stillwater 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 0.83 in the current year.
