Key Performance Metrics

  • The review of Net Profit Margin witnessed a fluctuating trend. The Net Profit Margin moved from 28.27% in 2019 to 36.68% in 2023.
  • The average EBIT Margin for the period under analysis was 43.15%, with 2019 and 2020 performing the worst and best, respectively.
  • In the current year, Vertex was able to cover its interest liabilities 100.32 times – compared to 2019 when it was 24.84 times.
  • The Asset turnover stood at 0.47 times in 2023 from 0.57 in 2019, implying a low performance on Assets of the business in relation to revenue. 


  • The revenue of Vertex has fluctuated year on year. The revenue increased by 49.08% between 2019 and 2020 and a further 17.91% increase was recorded between 2021 and 2022. There also occurred an increase of 10.51% between 2022 and 2023 (the current period).
  • Vertex’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 was stagnant at 3.99:1 to 3.99:1 on the last year. Which implies that the company does not have enough assets to settle its current liabilities. 

Capital Structure

  • Vertex 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 4% in the current year.

Source: Vertex Annual Report

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