ThermoFisher

Key Performance Metrics

  • The review of Net Profit Margin witnessed a surging trend. The Net Profit Margin improved from 10.65% in 2017 to 19.71% in 2021.
  • The average EBIT Margin for the period under analysis was 19.49%, with 2017 and 2021 performing the worst and best, respectively.
  • In the current year, ThermoFisher was able to cover its interest liabilities 18.71 times in the current year- compared to 2017 when it was 5 times.
  • The Asset turnover stood at 0.41 times in 2021 from 0.37 in 2017, implying a high performance on Assets of the business in relation to revenue.

Profitability

  • The revenue of ThermoFisher has increased year on year. The revenue increased by 16.5% between 2017 and 2018 and a further 4.86% increase was recorded between 2018 and 2019. There also occurred an increase of 21.7% between 2020 and 2021 (the current period). 
  • Thermo Fisher’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 2.13:1/1.74:1 to 1.50:1/1.12:1 on the last year. Which implies that the company has enough assets to settle its current liabilities.

Capital Structure

  • Thermo Fisher is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been increasing year on year. The gearing position of the company appears to be high as it stood at 133% in the current year.

 

Source: Thermo Fisher Annual Report

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