UBA Bank

Key Performance Metrics

  • The review of Net Profit Margin witnessed a surging trend. The Net Profit Margin improved from 30.11% in 2018 to 61.52% in 2022.
  • The average EBIT Margin for the period under analysis was 119.71% with 2019 and 2021 performing the worst and best, respectively.
  • In the current year, UBA ICR was 2.11 times in the current year- compared to 2018 when it was 1.43 times.
  • The Asset Turnover stood at 1.33 times in 2022 from 1.4 times in 2018, implying a poor performance or Assets of the business in relation to revenue.

Profitability

  • The revenue of UBA has fluctuated year on year. The revenue increased by 10.68% between 2018 and 2019 and a further 4.89% increase was recorded between 2019 and 2020. There also occurred an increase of 16.26% between 2021 and 2022 (the current period). 
  • UBA 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 loan to deposit moved from 0.05:1 to 0.04:1 on the last year. Which implies that the company does not have enough assets to settle its current liabilities.

Capital Structure

  • UBA 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 0.91 in the current year. 

 

Source: UBA Annual Report

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