Key Performance Metrics

  • The review of Net Profit Margin witnessed a fluctuating trend. The Net Profit Margin moved from 4.72% in 2019 to 8.12% in 2023.
  • The average EBIT Margin for the period under analysis was 3.28%, with 2023 and 2019 performing the worst and best, respectively.
  • In the current year, Westrock was able to cover its interest liabilities –3.22 times – compared to 2019 when it was 3.64 times.
  • The Asset turnover stood at 0.72 times in 2023 from 0.60 in 2019, implying a high performance on Assets of the business in relation to revenue. 


  • The revenue of Westrock has fluctuated year on year. The revenue decreased by 3.88% between 2019 and 2020 and a further 13.39% increase was recorded between 2021 and 2022. There also occurred a decrease of 4.45% between 2022 and 2023 (the current period).
  • WestRock’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 increased from 1.42:1 to 1.55:1 on the last year. Which implies that the company has enough assets to settle its current liabilities.

Capital Structure

  • WestRock is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been fluctuated year on year. The gearing position of the company appears to be high as it stood at 86% in the current year.

Source: WestRock Annual Report

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