Key Performance Metrics

  • The review of Net Profit Margin witnessed a fluctuating trend. The Net Profit Margin moved from 5.99% in 2019 to 7.37% in 2023.
  • The average EBIT Margin for the period under analysis was 11.01%, with 2020 and 2021 performing the worst and best, respectively.
  • In the current year, UPS was able to cover its interest liabilities 10.58 times – compared to 2019 when it was 9.66 times.
  • The Asset turnover stood at 1.28 times in 2023 from 1.37 in 2019, implying a low performance on Assets of the business in relation to revenue. 


  • The revenue of UPS has fluctuated year on year. The revenue increased by 14.22% between 2019 and 2020 and a further 3.14% increase was recorded between 2021 and 2022. There also occurred a decrease of9.35% between 2022 and 2023 (the current period).
  • UPS’s performance in profitability looks good as the return on capital employed also recorded good performance during the period of analysis.


  • The company’s result in liquidity looks poor, as current ratio decreased from 1.23:1 to 1.10:1 on the last year. Which implies that the company does not have enough assets to settle its current liabilities.

Capital Structure

  • UPS 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 154% in the current year.

Source: UPS Annual Report

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